In the United States, "white-shoe firm" is a term used to describe prestigious professional services firms—particularly law firms, investment banks, and accounting firms—historically associated with the upper-class elite and Ivy League graduates. The term most often describes leading Wall Street institutions, particularly those based in New York City and Boston, that have existed for over a century.
In the United States, "white-shoe firm" is a term used to describe prestigious professional services firms—particularly law firms, investment banks, and accounting firms—historically associated with the upper-class elite and Ivy League graduates. The term most often describes leading Wall Street institutions, particularly those based in New York City and Boston, that have existed for over a century.
Source: Wikipedia "White-shoe firm" · CC BY-SA 4.0
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