A law firm
, or other company
, that is considered one of the leading companies in its field
, typically in the Fortune 500
, and has been in existence for typically at least 100 years. A white shoe firm previously indicated a company consisting of primarily upper-class white employees, and the term originated from a popular white shoe that was often worn by upper-class individuals at Ivy-League universities in the northeast. This stereotype
is no longer true today, and some of the popular white shoe companies include Goldman Sachs
, Morgan Stanley
, and PricewaterhouseCoopers.