Download Ebook White Shoe: How a New Breed of Wall Street Lawyers Changed Big Business and the American Century, by John Oller
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White Shoe: How a New Breed of Wall Street Lawyers Changed Big Business and the American Century, by John Oller
Download Ebook White Shoe: How a New Breed of Wall Street Lawyers Changed Big Business and the American Century, by John Oller
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Review
“Entertaining… Captivating… If Oller once wrote dry, impenetrable legal briefs, there’s no hint of it here. His narrative sparkles with details that set this study of the legal profession’s influence on big business into a fascinating historical context.”—The Wall Street Journal"One of the most anticipated books of Spring 2019"—Publishers Weekly “A valuable addition to the literature on America’s transformation during the Gilded Age.”—Publishers Weekly (starred review)"A lucid account of the rise of the modern law firm and the concomitant rise of the modern corporation . . . insightful and revealing."—Kirkus"This fast-paced history of the period from the white shoe perspective will be both entertaining and enlightening for most readers."—Library Journal “In White Shoe, John Oller traces America’s earliest super lawyers, hard-charging Wall Streeters who tilted history in the building of the Panama Canal, the birth of gargantuan American businesses, and the pursuit of world peace. A riveting portrayal of the swaggering advocates who deftly pulled the most important strings while raking in the biggest fees.”—David O. Stewart, author of The Summer of 1787 and Impeached: The Trial of President Andrew Johnson and the Fight for Lincoln’s Legacy“John Oller has written a book both unique and valuable: a secret history of the original White Shoes, the lawyers of the Gilded Age. Everyone has heard of J.P. Morgan and John D. Rockefeller, but few are aware of the attorneys who did their bidding, figures such as Paul Cravath, Francis Stetson, William Cromwell, and Elihu Root. In sparkling prose, Oller captures their clever courtroom connivances, but also their surprising commitment to reforming the very system they fought to uphold. A highly illuminating read.”—Justin Martin, author of Greenspan: The Man Behind Money “Well written and meticulously researched, White Shoe documents the rise of the big American law firm, the modernization of its management, and the men who led them during the early twentieth century. It should be on the shelf of anyone interested in the development of the American legal profession.”—Herbert Hovenkamp, Professor of Law, University of Pennsylvania School of Law and The Wharton School, and author of Antitrust Law
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About the Author
John Oller is a retired white shoe Wall Street lawyer who spent thirty years as an associate and then partner at Willkie Farr & Gallagher, one of New York City’s most venerable law firms. His books include American Queen: The Rise and Fall of Kate Chase Sprague—Civil War “Belle of the North” and Gilded Age Woman of Scandal and The Swamp Fox: How Francis Marion Saved the American Revolution. He lives in Manhattan.
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Product details
Hardcover: 448 pages
Publisher: Dutton (March 19, 2019)
Language: English
ISBN-10: 1524743259
ISBN-13: 978-1524743253
Product Dimensions:
6.3 x 1.4 x 9.3 inches
Shipping Weight: 1.5 pounds (View shipping rates and policies)
Average Customer Review:
5.0 out of 5 stars
2 customer reviews
Amazon Best Sellers Rank:
#2,640 in Books (See Top 100 in Books)
This is a must-read volume for anyone interested in a behind the scenes look at how the tumultuous "American Century" was launched. History buffs will be familiar with the titans of finance, industry and politics who were the major players of the time - Morgan, Westinghouse, Carnegie, Edison, Harriman and Roosevelt to name a few - all of whom have been fully biographied, but what this book brings to the spotlight is the crucial role of the lawyers who were there at the elbow of the titans every step of the way. The names of many of those lawyers will be familiar to today's lawyers because they are still part of iconic "white shoe" firms still thriving on the American legal scene - Paul Cravath, (Algernon) Sullivan & (William) Cromwell, Charles Evans Hughes, George Wickersham, John W. Davis and many others. The term "white shoe", according to the author, derives from the white bucks favored (in summer presumably) by this cadre of elite lawyers. However, despite the image this conjures of Gatsby-era frivolity, the book makes clear that these guys (all men in those early days) were mostly tough as nails and ruthless - they had no choice if they wanted to win the confidence of the likes of Morgan and his fellow barons who were often at each others throats. To thrive in these circles, the white shoe lawyers had to be hard-headed businessmen as well as creative lawyers. The giant corporations increasingly required close legal supervision to help them navigate the thicket of growing governmental regulation and to control their most rapacious urges - not an easy task. I found the book to be entertaining as well as informative. The author writes with an eye out for the humorous angle to many of the conflicts. For example, in the course of telling the fascinating story of the high stakes battle between Edison and Westinghouse over whose brand of electrical current (AC current vs DC current) would be adopted as the American standard, the author recounts that Edison (the DC proponent) suggested that AC current be used in the first execution by electric chair in New York State - ostensibly to institute a more humane form of capital punishment than hanging, but really to associate AC current with the dangers of electrocution in the public's mind. The execution went forward in August 1890 but was bungled. The subject, a convicted murderer named Kemmler, was declared dead after receiving seventeen seconds of AC charge, but as it turned out he was still alive, requiring another eight agonizing minutes of jolts of 2,000 volts that burned him to death. The author's research uncovered Westinghouse's sardonic observation following this gruesome fiasco - "they would have done better using an axe." Westinghouse's AC system subsequently won the day, as we all know.I recommend this book certainly to lawyers, as an interesting primer on how the modern law firm system emerged and evolved, but also to laymen, as a new look at the personalities and dynamics which transformed the Gilded Age and forged it into the momentous industrial behemoth of twentieth century America.
White Shoe is an extraordinary depiction of how America's big law firms grew from one-man outfits to worldwide power houses through their association with the country's biggest corporate clients. The ingenuity and technology that helps this change occur is fascinating. The author's research is meticulous and the narrative he crafts is articulate, engaging, and entertaining. I learned a great deal from this book and highly recommend it to people of all ages interested in the societal change and growth over the course of the past century-plus, changes in American industry, and the development of the multi-national law firm way. A truly great read.
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