In the 2012 edition of Chambers USA: America’s Leading Lawyers for Business, Cravath is ranked in the first tier nationally in five areas: Banking & Finance; Capital Markets (Debt & Equity); Corporate/M&A (The Elite); Securities (Litigation); and Tax (Corporate & Finance). In the New York City legal market, the Firm was ranked in the first tier in six areas: Corporate/M&A (The Elite); Environment (Mainly Transactional); Litigation (General Commercial: The Elite); Litigation (Securities); Media & Entertainment (Corporate); and Tax. In addition, more of Cravath’s lawyers were ranked in Capital Markets (Debt & Equity) than any other firm in the nation.