White-shoe firm: Difference between revisions

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White shoe firm is a phrase used to describe the leading firms in America, particularly firms that have been in existence for more than a century, are staffed by graduates from elite schools, and represent Fortune 500 companies. It frequently (but not always) refers to securities law firms, and frequently (but not always) refers to firms in New York City. A similar phrase, Magic Circle, refers to firms in the UK.

The phrase is in reference to the brief popularity of white shoes (and in some cases, a white belt) among fashionable and upper-class New Yorkers.

Examples of white shoe firms

External links

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	'''White shoe firm''' is a phrase used to describe the leading firms in [[United States\|America]], particularly firms that have been in existence for more than a century, are staffed by graduates from elite schools, and represent [[Fortune 500]] companies. It frequently (but not always) refers to securities ~~and~~ law firms, and frequently (but not always) refers to firms in [[New York City]]. A similar phrase, [[Magic Circle (law)\|Magic Circle]], refers to firms in the UK.		'''White shoe firm''' is a phrase used to describe the leading firms in [[United States\|America]], particularly firms that have been in existence for more than a century, are staffed by graduates from elite schools, and represent [[Fortune 500]] companies. It frequently (but not always) refers to securities law firms, and frequently (but not always) refers to firms in [[New York City]]. A similar phrase, [[Magic Circle (law)\|Magic Circle]], refers to firms in the UK.

	The phrase is in reference to the brief popularity of white shoes (and in some cases, a white belt) among fashionable and upper-class New Yorkers.		The phrase is in reference to the brief popularity of white shoes (and in some cases, a white belt) among fashionable and upper-class New Yorkers.