Talk:Cravath System

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This article was created to fix some red links. "Up or Out" as a business practice was made popular by this hiring system. It turns out that this hiring system has influenced the largest law firms in the US over the past century, and many consulting companies (like McKinsey and Accenture). Oddly, this (paying premiums for the "best" graduates from the "best" schools) is what created the bimodal distribution in starting salaries for lawyers both before WW1 and in recent years. Some articles on the subject:

• How the "Cravath System" Created the Bi-Modal Distribution
• The Cravath System and the Demise of Large Firm Business as We Know It

Having a strong top-down management approach is part of this system, and the model for such top-down management tends to be the military. I found it interesting that the military adopted this practice from this hiring system. Some articles on "Up or Out" in the military:

• Ending Up or Out
• The 'U.S. military’s marathon, 30-year, single-elimination, suck-up tournament'
• Up, Up and Out
• Navy Officer Promotions

I don't have time today to massage all these into the article, and will try to clear it up later. Thomas is being picky today and I'm having trouble linking to PL 96-513 (Defense Officer Personnel Management Act) today. Tangurena (talk) 21:47, 21 June 2009 (UTC)

The article as it stands mixes reporting on the original Cravath System and describing subsequent developments at Cravath and other firms. This is confusing.

The section "up or out" is strange. This is clearly a major and important topic in general, related to academic and military promotion policies. There are many other aspects of the Cravath System that don't apply in the academic or military cases. I'd think that "up or out" would deserve its own article, with much fuller documentation. --Macrakis (talk) 22:31, 28 December 2012 (UTC)

Done. – Smyth\^talk 13:31, 18 January 2013 (UTC)

Business interests

Does "Partners and associates may not have business interests outside the firm" mean that they are not allowed to invest?--24.62.109.225 (talk) 22:11, 6 January 2013 (UTC)

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