This term refers to a place of business where management is crooked.
*A business which doesn't value its employees.
Yo Jay, I got a new gig at this place doing IT.
Oh, werd? Congrats! Make sure they ain't Cravath my dude...
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To work harder in school than everyone else so that you can get a better job then they will. Includes but is not limited to: staying in school super-late, coming to the library on weekends, finishing your outlines before thanksgiving ETC.
Although Eli left the library at 6:30 pm, Shlomo decided to stay and Cravath a while longer.
I hope I get a good grade on the final as I've been Cravathing non-stop since the beginning of the semester.