The Anointed

New York's White Shoe Law Firms-How They Started, How They Grew, and How They Ran the Country

By: Jeremiah Lambert, Geoffrey Stewart

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Hardcover | 27 April 2021

At a Glance

Hardcover
304 Pages

Dimensions(cm)
24.0 x 16.2 x 2.5

Hardcover

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This is the story of how and why such powerhouse Wall Street law firms as Cravath, Swaine & Moore, Davis Polk & Wardwell, and Sullivan & Cromwell, grew from nineteenth-century entrepreneurial origins into icons of institutional law practice; how, as white-shoe bastions with the social standards of an exclusive gentlemen's club, they promoted the values of an east coast elite; and how they adapted to a radically changed legal world, surviving snobbish insularity and ferocious competition to remain at the pinnacle of a transformed profession.

It is no accident these firms are found in New York, the largest city in the world's largest economy and also the nation's largest port, principal banking center, and epicenter of industry. At the dawn of the twentieth century, linked by canals, railroads, telegraph and telephone lines, transatlantic steamships and undersea cables, New York became the economic nerve center of the United States. It also wielded formidable political power and supplied every President or Vice President of the United States between the Civil War and the Great War.

Industry Reviews

"'The Best and the Brightest' was a label applied during the Vietnam War to academics and certain others who came to Washington to work for the Kennedy and Johnson Administrations, albeit with somewhat mixed results. They were Ivy League graduates who shared a similar global outlook and many of the same values. But an even more elite group were alumni of the three towering giants of the American legal establishment during the 20th century—Cravath, Davis Polk, and Sullivan & Cromwell. They were the precursors of today's global US-based investment banks and now the Silicon Valley and Seattle tech giants in terms of their reach and impact on the US and global economy. This book chronicles the rise and continuing influence of these inner circle firms in business and government through periods of enormous social and professional change."—John Colby, Senior Advisor with the Carlyle Group in Washington, and an alumnus of Cravath, Swaine & Moore, class of 1973

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