As I type this, I am sitting in the Newark airport watching the snow fall and foolishly pretending that I will get on a plane this evening. It is just not going to happen. On the good side, it is giving me the opportunity to reflect on the alumni event from which I am returning.
For a few years of my life I was an associate at the law firm of Cravath, Swaine & Moore in New York City. Practicing law at Cravath was a great experience. Not because it was fun. Truth be told, some of the time it was not that much fun at all. But it was a phenomenal education. Cravath represents many of the most powerful companies in the world and as a junior attorney you were given the opportunity to look behind the curtain. Of course, you were given the opportunity to look behind the curtain 100 hours a week. But in exchange for those hundred hour weeks, you got to learn the intimate details of the companies that drive the world's economies.
The thing that I have always admired about Cravath is that it has an incredibly strong corporate culture.
I am certainly not the first to say that having a strong corporate culture is a key success factor for any company, big or small. But that was unquestionably true of Cravath, which is one of the most prosperous law firms in the world. The thing I admire about Cravath's corporate culture is that it is clear and dominant -- Cravath is a firm where law is practiced without compromise and without apology. Most of us didn't go to Cravath as young attorneys intending to make partner -- simple math made clear that wasn't likely (only a handful made partner out of any entering class of 70 or more). We went to Cravath because it was a great place to learn and a great place to leave. And that was the culture. At Cravath you practiced the best law with the best people and when you left, you took with you the training and those connections.
Unlike most businesses, attrition is part of the plan at Cravath. The Cravath model doesn't work unless dozens of attorneys leave the firm each year. So leaving is part of the culture. But what makes Cravath successful is its ability to promote attrition while maintaining strong relations with those who leave the firm. Former Cravath attorneys often leave the firm to join clients and quickly go from billers to bill payers (Chris Bogart left the firm to become General Counsel of Time Warner and Rob Kindler left to become global head of M&A for JPMorgan). Others go to major law firms throughout the country and either hire or are hired by Cravath attorneys to assist with cases or transactions (some excellent firms like Wilmer, Cutler & Pickering, Quinn Emanuel and Boies, Schiller & Flexner were started by Cravath alumni). And some departing attorneys even join the startup world (Andrew Klein was a Cravath associate before he left to form Wit Beer, subsequently architecting the first online IPO and subsequently morphing his beer company into Wit Capital), ultimately hiring Cravath to represent the companies they start. As a result of these many continuing relationships, the Cravath ecosystem is a powerfully symbiotic one.
In recognition of this ecosystem, and in support of its culture of "benevolent attrition," Cravath does something very smart -- it holds periodic alumni receptions. Former Cravath attorneys get together along with the firm's partners to catch up, meet newly departed Cravath associates and, above all else, network. While some of the time is assuredly spent remembering the all nighters or that time you were told by a partner to "go play in traffic," most of the time is spent appreciating the things you learned and the folks you met while at Cravath. With all the commentary on social software, for my money I'll take old school "social networking" any day. While Cravath has an online alumni network, technology can not possibly replicate or replace face to face schmoozing.
Thats pretty funny actually, becaue I was in Chicago looking at the departure board and thinking the same thing. Every flight to the Northeast was canceled by 5:30 :( Hope to get home today. Best of luck to you.
- Greg
Posted by: Greg S. | 12/06/2003 at 06:18 AM
Of course, there's also a question as to whether or not the different groups in Nokia are actually working together effectively, and actually delivering a cohesive ecosystem of devices, software, and entertainment content delivery. The ability to execute always matters, too.
Posted by: Air Jordan Flight 9 | 10/07/2010 at 01:02 AM
Sloth , like rust , consumes faster than labor wears .
Posted by: new balance | 10/15/2010 at 02:29 AM
Don't make yourself forever.
Posted by: christian louboutin | 11/09/2010 at 08:00 PM
oh so funny!
Posted by: moncler jackets | 11/11/2010 at 11:15 PM
*People enjoy the characters are not happy.
Posted by: Replica Christian Louboutin Shoes | 12/20/2010 at 11:24 PM
This blogs has very interesting news i enter every day to read it is very useful to do my work.
Posted by: dollar shops | 12/29/2010 at 12:16 AM
Do you love life ? Then do not squander time ; for that's the stuff5 life is made of .
Posted by: Jordan 23 | 01/16/2011 at 11:37 PM
rmt ドラゴンネストDefining the site's cost isn't a simple task.We comprehensively evaluate site SEO, website traffic 大航海時代-RMT(quantity, source, geography) and make approximate conclusions about the website's cost.Special attention is paid not only to the current site's cost but to the growth rmt アラド(or decline) dynamic of this or that resource.RMTメイプルストーリー RMT
Posted by: DEKARONデカロン-RMT | 01/19/2011 at 12:45 AM
DEKARONデカロン-RMT of a site.rmt ff11 The cost of a site would be how much it costs to run it. The worth of a site is determined mainly by how much revenue the site is bringing in.信長の野望Online RMT Other factors would include how much traffic the site is bringing in on a monthly basis, email subscribers if any,アラド戦記 rmt rmt ドラゴンネスト メイプルストーリー RMT アラド戦記 rmt rmt アラド rmt ff11 信長の野望Online RMT 大航海時代-RMT DEKARONデカロン-RMT
Posted by: DEKARONデカロン-RMT | 01/19/2011 at 06:18 PM
Three grand essentials to happiness in this life are something to do, something to love, and something to hope for.
Posted by: Air Jordan | 02/21/2011 at 05:53 PM
Three grand essentials to happiness in this life are something to do, something to love, and something to hope for.
Posted by: Air Jordan | 02/21/2011 at 05:57 PM
Wonderful, it is so nice for me to stand at such a great blog of my life, i am really glad to leave my comment here in very decent topic, thank you!
Posted by: Jordan Heels | 05/10/2011 at 02:30 AM
Thank you for the article, I saw after the enlightened, my idea like you, just not good at expression
Posted by: Dunk SB | 06/06/2011 at 08:23 PM
That was my thought,too.
Posted by: mbt sale | 06/22/2011 at 03:42 AM
www.lacostesupply.com/ The truth shall make you free.
Posted by: Lacoste Shoes | 07/04/2011 at 06:58 PM
Thanks for informative and helpful post, obviously in your blog everything is good.If you post informative comments on blogs there is always the chance that actual humans will click through.
Posted by: Ken Griffey Jr Shoes | 07/18/2011 at 06:54 PM
i agree with your views from here.
Posted by: Christian Louboutin Pumps | 07/19/2011 at 05:58 PM
You can share some of your article, I'm like you write something, really very good! I will continue to focus on
Posted by: oil pressing machine | 08/31/2011 at 01:35 AM
Hi there, I honestly like reading through your posts, thank you!
Posted by: Air Yeezy Sale | 09/07/2011 at 12:55 AM
Thanks for sharing. This website is to I too have to help. Very good.
Posted by: cheap jordan 11 | 10/03/2011 at 11:52 AM
Wise man have their mouths in their hearts, fools have their hearts in their mouths.
Posted by: Air Jordan Shoes | 11/06/2011 at 08:12 AM
cpc kvi htf vjl dhz tpz qeh jce xap aal vao dua swh ufh yva eyg bsu bac jir pbe mqr czc yie wap plb wig azp maj lmo dwn iao wjd tsj ksf jmy xhy wxj dmj vxh kst yjr fnc rcu jef wvy cia ubc cew pzg nlz
Posted by: qhkjugn | 12/02/2011 at 12:56 AM
ULLKPFXGBJ ugg boot uk SXIDCHAPXQ http://www.foto-show.net
Posted by: AcerceTer | 12/12/2011 at 12:22 AM