Cravath, Swaine & Moore LLP is one of the oldest and most prestigious law firms in the United States, established in 1819 and headquartered in New York City. The firm specializes in corporate law, mergers and acquisitions, securities, litigation, antitrust, and tax matters, with a storied history of representing high-profile and major clients in high-stakes and landmark cases. It operates as a partnership with between 1,001 and 5,000 employees, focusing on complex transactional and dispute resolution work for blue-chip corporations and financial institutions. The firm is renowned for its Cravath System of associate training, its leadership in associate compensation, and its influential alumni network. Despite its elite status, it faced a cybersecurity incident in 2015. The firm's name evolved over time, with the current designation solidified in 1944, and it maintains a reputation as a premier U.S. law firm for over two centuries.