Bloomberg Law
April 8, 2021, 9:41 AM

Should We Still Say ‘Cravath Scale’ If Other Firms Pay More?

Roy Strom
Roy Strom

Welcome back to the Big Law Business column on the changing legal marketplace written by me, Roy Strom. This week, we look at the history of the term “Cravath scale.” Sign up to receive this column in your inbox on Thursday mornings.

It’s Masters Week. That means it’s time to get in touch with the elevated sense of pageantry and decorum that emanates from Augusta National Golf Club. The place is so revered, even its cheese sandwiches are famous.

The club is perhaps the most prestigious in the country. And The Masters tournament it has held since 1934 ...

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