Four Decades for Justice
Cravath serves as a highly experienced legal advisor offering strategic advice to companies ranging from nascent startups to next‑generation leaders on the myriad issues they will encounter in a global marketplace. As our clients break new ground, bringing novel ideas and products to market, the Firm’s lawyers solve unprecedented legal challenges through creative solutions that are often the first of their kind. Our expertise extends to advising founders and founder‑led companies.
Cravath represents emerging companies around the globe in a wide variety of significant transactions of all sizes, as well as critical disputes and other matters, with extensive knowledge of and dexterity across diverse industries, including the rapidly advancing technology, fintech, healthcare and life sciences sectors. We understand and appreciate that each company’s path is unique, its ultimate vision and the product or services it brings to the market are distinctive, and the potentially subtle yet significant social and cultural influences involved vary greatly by geographic region. Our lawyers regularly advise founders, key stakeholders, senior management and boards of directors on their most challenging matters. The Firm draws upon this panoply of experience as well as knowledge of the latest market trends and legal techniques to devise bespoke, business-centric solutions tailored to our clients’ specific goals and objectives.
Cravath’s hallmark is our ability to bring together all of the Firm’s world‑class disciplines in a fully integrated approach, fostering collaboration and providing an unrivaled depth of legal expertise. At the same time, clients can expect a “small firm” experience with a tight, efficient, partner‑led team dedicated to delivering the highest quality service at all levels to achieve the best results. We invest the time necessary to truly understand our clients’ objectives and we focus on building long‑standing relationships. Founders and founder‑led companies also benefit from this client‑focused approach and choose Cravath for our legal advice, business judgment and experience addressing the intricate issues specific to this area, including the unique—and sometimes high‑profile—sensitivities that may arise.
Cravath provides guidance in connection with important matters throughout the growth stages of a company, from formation to capital raises and growth through acquisitions, to public listing or exit and everything significant in between, including public reporting, intellectual property and regulatory matters. In addition, having advised a broad range of companies which have sought to grow their businesses, compete in new areas and evolve—or in some cases, preserve—their practices, we are highly experienced in navigating the types of claims that frequently challenge those goals, and Cravath’s trial‑ready litigators are well positioned to handle disputes as they arise.
Cravath’s representation of emerging and founder‑led companies includes:
Cravath represents emerging companies around the globe in a wide variety of significant transactions of all sizes, as well as critical disputes and other matters, with extensive knowledge of and dexterity across diverse industries, including the rapidly advancing technology, fintech, healthcare and life sciences sectors. We understand and appreciate that each company’s path is unique, its ultimate vision and the product or services it brings to the market are distinctive, and the potentially subtle yet significant social and cultural influences involved vary greatly by geographic region. Our lawyers regularly advise founders, key stakeholders, senior management and boards of directors on their most challenging matters. The Firm draws upon this panoply of experience as well as knowledge of the latest market trends and legal techniques to devise bespoke, business-centric solutions tailored to our clients’ specific goals and objectives.
Cravath’s hallmark is our ability to bring together all of the Firm’s world‑class disciplines in a fully integrated approach, fostering collaboration and providing an unrivaled depth of legal expertise. At the same time, clients can expect a “small firm” experience with a tight, efficient, partner‑led team dedicated to delivering the highest quality service at all levels to achieve the best results. We invest the time necessary to truly understand our clients’ objectives and we focus on building long‑standing relationships. Founders and founder‑led companies also benefit from this client‑focused approach and choose Cravath for our legal advice, business judgment and experience addressing the intricate issues specific to this area, including the unique—and sometimes high‑profile—sensitivities that may arise.
Cravath provides guidance in connection with important matters throughout the growth stages of a company, from formation to capital raises and growth through acquisitions, to public listing or exit and everything significant in between, including public reporting, intellectual property and regulatory matters. In addition, having advised a broad range of companies which have sought to grow their businesses, compete in new areas and evolve—or in some cases, preserve—their practices, we are highly experienced in navigating the types of claims that frequently challenge those goals, and Cravath’s trial‑ready litigators are well positioned to handle disputes as they arise.
Cravath’s representation of emerging and founder‑led companies includes:
Deals & Cases
March 21, 2024
Cravath represented ODDITY Tech Ltd. (“ODDITY”) in connection with the $239 million registered secondary offering of ODDITY’s class A ordinary shares by a fund managed by L Catterton. ODDITY is a consumer tech company that builds and scales digital‑first brands for the beauty and wellness industries in the United States and internationally. ODDITY owns IL MAKIAGE and SpoiledChild. The shares were listed on the NASDAQ Global Market. The transaction closed on March 19, 2024.
Deals & Cases
December 19, 2023
On December 11, 2023, a jury unanimously ruled in favor of Cravath client Epic Games (“Epic”) on all counts in its closely watched antitrust case against Google in the U.S. District Court for the Northern District of California, determining—after a multiweek trial—that Google has engaged in anticompetitive behavior in the distribution of mobile apps and in the handling of in‑app payments.
Deals & Cases
November 15, 2023
On November 13, 2023, the U.S. District Court for the Southern District of Florida denied plaintiffs’ motion to certify a class asserting market manipulation claims under the federal securities laws against Cravath clients Robinhood Markets, Inc., Robinhood Financial LLC and Robinhood Securities, LLC (together, “Robinhood”).
Deals & Cases
September 01, 2023
Cravath represented Robinhood Markets, Inc. (“Robinhood”) in its Share Purchase Agreement (the “Share Purchase Agreement”) with the United States Marshals Service (the “USMS”), acting for and on behalf of the United States, pursuant to which Robinhood agreed to purchase 55,273,469 shares of the company’s Class A common stock (the “Shares”) from the USMS for an aggregate purchase price of $605,694,411.59, or approximately $10.96 per share. The transaction closed on August 31, 2023.
Deals & Cases
July 17, 2023
On July 17, 2023, Proximus Group announced that it has signed a definitive agreement to acquire, through Proximus Opal, an approximately 58% interest in Route Mobile, a global company specialized in CPaaS services, from the founding shareholders of Route Mobile. As part of the agreement, some of the founding shareholders will reinvest in a minority stake in Proximus Opal, a subsidiary of the Proximus Group and the holding company of Telesign, Proximus’s U.S.‑based affiliate. Cravath, alongside Slaughter and May, AZB & Partners and NautaDutilh, is representing Route Mobile and its founding shareholders in connection with the transaction.
Activities & Publications
April 22, 2024
On April 18, 2024, Law360 published an article written by Cravath partners David J. Kappos and Sasha Rosenthal‑Larrea entitled “Surveying Legislative Trends as States Rush to Regulate AI.” The article discusses trends in the large quantity of state artificial intelligence legislation introduced in 2024 thus far, including the imposition of obligations on AI developers and deployers; the required disclosure of the use of generative AI; the regulation of specific uses of AI such as its use in litigation; and the regulation of the risk of algorithmic discrimination.
Activities & Publications
April 19, 2024
Cravath of counsel Kathryn-Ann Stamm participated in the African Women Entrepreneurship Cooperative’s 2024 General Assembly, which was held from April 17‑19, 2024, in Gaborone, Botswana. The event convened women entrepreneurs and business leaders, experts and executives from across the globe to discuss how to build partnerships and the value of collaboration in entrepreneurship. Kathryn‑Ann led a multi‑day learning lab entitled “The Elements of Win‑Win Partnerships,” which equipped attendees with an in‑depth roadmap to prepare, create and nurture mutually beneficial partnerships for their businesses. Through the learning lab, Kathryn‑Ann provided attendees with a comprehensive toolkit, empowering them to successfully navigate the lifecycle of partnerships while effectively protecting their own business interests and intellectual property.
Activities & Publications
April 17, 2024
On April 11, 2024, the New York State Unified Court System announced the formation of an advisory panel to study the impact of artificial intelligence on the New York state courts, including the practical, legal and ethical risks posed by its use. Cravath of counsel Scott B. Reents was appointed to be a member of the advisory committee, alongside other legal technology experts, judges, court administrators, attorneys, legislators and academics.
Accolades
April 16, 2024
On April 9, 2024, Global Competition Review honored Cravath at the publication’s annual awards ceremony, which was held in Washington, D.C. in celebration of “the world’s leading antitrust matters, lawyers and economists from 2023.” The Firm was honored with the “Litigation of the Year – Non‑Cartel Prosecution” award for “creative, strategic and innovative litigation” during its representation of Epic Games in an antitrust trial victory against Google.
Activities & Publications
April 15, 2024
On April 10, 2024, Cravath of counsel Scott Reents participated in the 2024 Legal Technology Symposium, which was hosted by the Harvard Journal of Law & Technology and the Harvard Law & Technology Society, in Cambridge, MA. The event convened judges, chief technology officers, technology leaders at startups, companies and law firms to discuss the evolving intersection of law and technological innovation. Scott spoke on a panel entitled “New Tech in Law Firms,” which examined the challenge of integrating new technologies, such as artificial intelligence, into the law firm workflow.
Deals & Cases
March 21, 2024
Cravath represented ODDITY Tech Ltd. (“ODDITY”) in connection with the $239 million registered secondary offering of ODDITY’s class A ordinary shares by a fund managed by L Catterton. ODDITY is a consumer tech company that builds and scales digital‑first brands for the beauty and wellness industries in the United States and internationally. ODDITY owns IL MAKIAGE and SpoiledChild. The shares were listed on the NASDAQ Global Market. The transaction closed on March 19, 2024.
Deals & Cases
December 19, 2023
On December 11, 2023, a jury unanimously ruled in favor of Cravath client Epic Games (“Epic”) on all counts in its closely watched antitrust case against Google in the U.S. District Court for the Northern District of California, determining—after a multiweek trial—that Google has engaged in anticompetitive behavior in the distribution of mobile apps and in the handling of in‑app payments.
Deals & Cases
November 15, 2023
On November 13, 2023, the U.S. District Court for the Southern District of Florida denied plaintiffs’ motion to certify a class asserting market manipulation claims under the federal securities laws against Cravath clients Robinhood Markets, Inc., Robinhood Financial LLC and Robinhood Securities, LLC (together, “Robinhood”).
Deals & Cases
September 01, 2023
Cravath represented Robinhood Markets, Inc. (“Robinhood”) in its Share Purchase Agreement (the “Share Purchase Agreement”) with the United States Marshals Service (the “USMS”), acting for and on behalf of the United States, pursuant to which Robinhood agreed to purchase 55,273,469 shares of the company’s Class A common stock (the “Shares”) from the USMS for an aggregate purchase price of $605,694,411.59, or approximately $10.96 per share. The transaction closed on August 31, 2023.
Deals & Cases
July 17, 2023
On July 17, 2023, Proximus Group announced that it has signed a definitive agreement to acquire, through Proximus Opal, an approximately 58% interest in Route Mobile, a global company specialized in CPaaS services, from the founding shareholders of Route Mobile. As part of the agreement, some of the founding shareholders will reinvest in a minority stake in Proximus Opal, a subsidiary of the Proximus Group and the holding company of Telesign, Proximus’s U.S.‑based affiliate. Cravath, alongside Slaughter and May, AZB & Partners and NautaDutilh, is representing Route Mobile and its founding shareholders in connection with the transaction.
Activities & Publications
April 22, 2024
On April 18, 2024, Law360 published an article written by Cravath partners David J. Kappos and Sasha Rosenthal‑Larrea entitled “Surveying Legislative Trends as States Rush to Regulate AI.” The article discusses trends in the large quantity of state artificial intelligence legislation introduced in 2024 thus far, including the imposition of obligations on AI developers and deployers; the required disclosure of the use of generative AI; the regulation of specific uses of AI such as its use in litigation; and the regulation of the risk of algorithmic discrimination.
Activities & Publications
April 19, 2024
Cravath of counsel Kathryn-Ann Stamm participated in the African Women Entrepreneurship Cooperative’s 2024 General Assembly, which was held from April 17‑19, 2024, in Gaborone, Botswana. The event convened women entrepreneurs and business leaders, experts and executives from across the globe to discuss how to build partnerships and the value of collaboration in entrepreneurship. Kathryn‑Ann led a multi‑day learning lab entitled “The Elements of Win‑Win Partnerships,” which equipped attendees with an in‑depth roadmap to prepare, create and nurture mutually beneficial partnerships for their businesses. Through the learning lab, Kathryn‑Ann provided attendees with a comprehensive toolkit, empowering them to successfully navigate the lifecycle of partnerships while effectively protecting their own business interests and intellectual property.
Activities & Publications
April 17, 2024
On April 11, 2024, the New York State Unified Court System announced the formation of an advisory panel to study the impact of artificial intelligence on the New York state courts, including the practical, legal and ethical risks posed by its use. Cravath of counsel Scott B. Reents was appointed to be a member of the advisory committee, alongside other legal technology experts, judges, court administrators, attorneys, legislators and academics.
Accolades
April 16, 2024
On April 9, 2024, Global Competition Review honored Cravath at the publication’s annual awards ceremony, which was held in Washington, D.C. in celebration of “the world’s leading antitrust matters, lawyers and economists from 2023.” The Firm was honored with the “Litigation of the Year – Non‑Cartel Prosecution” award for “creative, strategic and innovative litigation” during its representation of Epic Games in an antitrust trial victory against Google.
Activities & Publications
April 15, 2024
On April 10, 2024, Cravath of counsel Scott Reents participated in the 2024 Legal Technology Symposium, which was hosted by the Harvard Journal of Law & Technology and the Harvard Law & Technology Society, in Cambridge, MA. The event convened judges, chief technology officers, technology leaders at startups, companies and law firms to discuss the evolving intersection of law and technological innovation. Scott spoke on a panel entitled “New Tech in Law Firms,” which examined the challenge of integrating new technologies, such as artificial intelligence, into the law firm workflow.
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