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White-Shoe Firm

   Also found in: Wikipedia 0.01 sec.
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.
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Meanwhile, longstanding white-shoe firm Edward Lee Cave was acquired by Terra Holdings' Brown Harris Stevens, though it will continue to operate as a separate division under the larger company's umbrella, and veteran broker Alice Mason closed her Madison Avenue office after 45 years.
Assessing the boutique business by Taylor, Candace / The Real Deal
Even after she went back into the private sector to work as a lawyer at a white-shoe firm, the public sector was never far from her mind.
Kirsten Gillibrand, Like Chuck Schumer With Connections by Jason Horowitz / The New York Observer
As for Bone, he probably wouldn't know what to do in a white-shoe firm.
Firming up lobbyists by Mooneyham, Scott / Business North Carolina
 
 
 
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