White-shoe firm

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White-shoe firm

Broker-dealer firms that disdain practices such as hostile takeovers.

White-Shoe Firm

Informal; a broker-dealer that does not engage in hostile takeovers on principle. That is, white-shoe firms believe hostile takeovers to be an unfair business practice.
References in periodicals archive ?
Douglas Elliman, as one of the old line, white shoe firms, also caters to some of the wealthiest properties in the nation, concentrated in the Fifth and Park Avenue sections of Manhattan.
Superior Court is not exactly the usual haunt of lawyers from white shoe firms.