For two centuries, Cravath, Swaine & Moore LLP has been known as one of the world’s preeminent law firms. Each of our practice areas is highly regarded, and our lawyers are widely recognized for their best-in-class legal work. Our representation of significant global financial institutions and companies, some of which have retained us from their inception, has enabled us to develop an extremely broad-based practice. We are not, and do not strive to be, the largest law firm measured by number of offices or lawyers, but rather to be the firm of choice for clients with respect to their most challenging legal issues, business transactions and disputes. Founded in 1819, Cravath is one of the few remaining true partnerships among the top law firms of the world. Cravath is structured to ensure that all clients receive the benefit of the Firm’s overall knowledge, expertise and experience, as partners are compensated on a pure “lock-step” system and not on the basis of clients brought in or hours billed. Dedication to the interests of our clients has always been, and continues to be, the hallmark of Cravath lawyers. While some clients retain us selectively for “bet-the-company” transactions or litigation matters, the prototypical Cravath client is one with which we have enjoyed a longstanding relationship, often across multiple practice areas. This type of lawyer-client relationship enables Cravath to work most effectively and efficiently with its clients, developing a thorough knowledge of the clients’ particular issues and sensitivities.