On Thursday, July 14th 2016, Cravath Swaine & Moore announced that Faiza Saeed had been elected to be its next presiding partner. She'll be the first woman to head the firm since it was founded in 1819.
At the moment Faiza is serving as deputy presiding partner until January 1st 2017 when she will replace Allen Parker.
Saeed is a graduate of UC Berkley and Harvard Law School where she graduated in 1991. She began working for Cravath’s M&A practice in 2013. Some of her most recent work includes advising Comcast's pending $4.1bn acquisition of DreamWorks Animation, Roche's $8.9bn acquisition of Intermune, and Berkshire Hathaway's $37bn acquisition of Precision Castparts. Other notable clients that she has worked for include Time Warner, Morgan Stanley, Yahoo and Starbucks.
Ms. Saeed has been named “Dealmaker of the Year" by The American Lawyer and one of “Wall Street’s 100 Masters of the New Universe" by the New York Times.
Cravath distinguished itself earlier this year, when it announced that the salaries in the firm would be raised, putting first year associate salaries at $180k. Cravath was the first of a wave of top firms in the industry to raise the bar in pay.