The Law Firm Transparency Project draws upon Above the Law research as well as data provided by Leopard Solutions and UniCourt. Do not sell my information, Subsidized backup care/emergency dependent care, Direct billing with preferred movers; moving of car; closing costs or broker fees; house hunting services; temporary furnished housing during housing search; up to 3 months storage; preferred treatment from specific lenders, Biglaw Partner In Hot Water After Twitter Outburst Inspired By Kavanaugh Hearing, Opening Up Sullivan & Cromwells Bonus Black Box, A Peek Inside Sullivan & Cromwell Partner Pay, More Sullivan & Cromwell Lawyers Joining The Trump Administration, Sullivan & Cromwell Makes A Move In The 2020 Bonus Games. CoinDesk reports: "Law firm Sullivan & Cromwell billed $7.5 million for work on the FTX bankruptcy case | 27 Kommentare auf LinkedIn Kelvin Low auf LinkedIn: FTX Lawyers Sullivan & Cromwell Bill $7.5M for First 19 Days' Bankruptcy | 27 Kommentare (Reuters) - Apollo Global Management . Founded in 1879, the firm's history is tied closely with that of American industry. Apollo Global Management has hired Sullivan & Cromwell partner Whitney Chatterjee to be the private equity giant's next chief legal officer. If you want to get up to speed on the latest news about law practice management software, this is one podcast youre going to want to listen to right now. 4,029 Followers. The Law Firm Transparency Project draws upon Above the Law research as well as data provided by Leopard Solutions and UniCourt. One disappointed respondent said they were in Hong Kong for three months, instead of the advertised six months. Submit your resume to BCG Attorney Search today: CLICK HERE. Sullivan & Cromwell Salaries trends. According to the disclosures, Clayton has earned $7.62 million since 2015. At FindLaw.com, we pride ourselves on being the number one source of free legal information and resources on the web. When expanded it provides a list of search options that will switch the search inputs to match the current selection. She will ensure the firms legal and regulatory compliance aligns with its business strategy and objectives. At Sullivan & Cromwell, employees working in legal jobs and it jobs tend to earn the highest salaries. SullCrom is more traditional clients and has "old school" prestige, but Latham is pretty up there with more of an international reputation. Quinn Emanuel topped the list with $1,077,586 per non-equity partner. The approach appears to work, because S&C is consistently considered among the best of the best on both the corporate and litigation sides of the fence. While Sullivan & Cromwell employees earn an average yearly salary of $135,120, different roles can command different wages. The roof terrace is a pleasant spot for lunch in the summer. Sullivan & Cromwell may also be known as or be related to Sullivan & Cromwell, Sullivan & Cromwell LLP and Sullivan & Cromwell Llp. Partner +16. You may share a link to this page on any of the sites listed below. The USC Career Center is open - in person and online - as always, all of our services and resources are available to you, including advising, job and internship opportunities, programs, workshops, career fairs, and more code or county). Support partners in their efforts to manage existing and develop new relationships and identify opportunities for implementing business development initiatives in this regard. Please note that all salary figures are . Apollo has more than $520 billion in assets under management. Annual leave is split into 20 days vacation and 4 days floating holiday. Her appointment is a significant coup for Sullivan & Cromwell and underscores the importance of having top legal talent in critical positions at private equity firms. In terms of other perks, a cake trolley goes around the office every Tuesday and Thursday, were told, and the firm provides lunch from the adjacent Pizza Express once a month. Sullivan & Cromwell salaries are collected from government agencies and companies. This site is protected by Leaving S&C for the SEC will involve a financial sacrifice, but one that Clayton is more than able to bear. For example, Mary Jo White, President Obamas pick for SEC chair, faced similar complications and controversies relating to her work defending companies while at Debevoise & Plimpton, plus her husbands work for corporate America while at Cravath. Chatterjee will succeed longtime chief legal officer John Suydam starting next year, the company said Thursday in a statement. Terms of Service apply. 2023 BCG Attorney Search. Learn more about a Bloomberg Law subscription. However, the individual offices within it are among the most spacious of any law firm in the City. Occasionally, the information comes out in a law firm break-up or with mandatory disclosures such as Clayton's. 2023 Breaking Media, Inc. All rights reserved. Salary & Benefits. Sure like the late Joe Flom, who had a fortune estimated in the low nine figures. Our diverse team of top dealmakers includes Average arrive and leave times are derived from the Legal Cheek Trainee and Junior Lawyer Survey of over 2,000 trainees and junior associates at the leading law firms in the UK. Registered in England and Wales with Company Number 08037587. Data was gathered in the first quarter of 2022, and contains some ongoing updates to reflect recent changes. Why Work Here? Overview. A financial disclosure form gives us hints about the wealth of S&C partners. Despite the change in leadership, Gibson Dunns financial performance has remained strong, with revenues rising by 14. Employees also have access to an on-site gym in the basement. Our latest Insights outlines new tax credits for qualifying advanced U.S. energy projects. "A big risk for law firms to move in this direction is the amount of money coming straight out of the firm's net income," the Journal reported. Impacting 1. I am thrilled and honored to be taking the helm of Sullivan & Cromwell LLP's global M&A practice. January 6, 2023. Congratulations to Jay Clayton on his distinguished career and robust net worth, good luck to him in the confirmation process, and thanks for his willingness to serve the nation. Feel free to generate this binder, clear it, and start a new one with the additional pages you wish to collect. Chatterjees appointment is the latest in a series of high-profile hires by Apollo. For more than two decades, Whitney has been one of our leading lawyers, Sullivan & Cromwell co-chairs Robert Giuffra and Scott Miller said in a statement. Partners do not staff you on busy consecutive deals, so you get a chance to rest, said one insider. Firm Name Sullivan & Cromwell LLP U.S. Lawyer Headcount 619 Headcount Change Since 2016. LexisNexis Brief Analysis produces powerful, near-instant legal argumentation insights using the power of AI. reCAPTCHA and the Google Privacy Policy and We wish her continued success as she embarks on this new chapter of her path-breaking career at Apollo., To contact the reporter on this story: Roy Strom in Chicago at rstrom@bloomberglaw.com, To contact the editors responsible for this story: Chris Opfer at copfer@bloomberglaw.com; John Hughes at jhughes@bloombergindustry.com. Those who cant manage multiple deadlines should look elsewhere. Apollo Global Management, one of the worlds leading private equity firms, has announced that it has hired Whitney Chatterjee as its new Chief Legal Officer. Sullivan & Cromwell enjoys a reputation for the highest quality of lawyers and work, and the Firm's record of achievement results from the efforts of excellent staff, both legal and support. That works out to six hours a day 365 days per year. "When partners earn their income based on the profits of the year, they are more motivated to make sure the firm is going to have a big income to receive from.". ESG Newsletter Sullivan & Cromwell LLP. (Including Tips), Wellness Coordinator Cover Letter Examples & Samples for 2023, Mental Health Nurse Cover Letter Examples & Samples for 2023. Is Your Firm Keeping Pace With The Advancements In eDiscovery? Our data shows that Sullivan & Cromwell employees in New York, NY get paid the most, where the average yearly pay is $155,053. He previously worked as a federal prosecutor in Newark, New Jersey; a litigation associate at Wachtell, Lipton, Rosen & Katz; and a law clerk to Judge Diarmuid F. OScannlain of the U.S. Court of Appeals for the Ninth Circuit. The likelihood of making partner differs among firms, but the norm seems to be less than one-third of the associates make it. The starting salary is $160,000. 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Join Over 800,000 Attorneys and Law Students! Chatterjees appointment comes as longtime Chief Legal Officer John Suydam prepares to step down from his role since 2006. On February 16, Palo Alto-based partner Ambassador @MichaelDeSombre. By way of comparison, Magic Circle firms turnover between 1.7 and 1.9 billion, but do so with over twice as many lawyers. All rights reserved. about FindLaws newsletters, including our terms of use and privacy policy. The law firm's co-chairs called Whitney Chatterjee's move the next chapter of her path-breaking career. All offices in the United States have the same pay scale. You may not collect more than 75 pages in a binder. Contract Attorney Average Salary at Sullivan & Cromwell in the United States, See 13 More Sullivan & Cromwell Contract Attorney Salaries, Legal Secretary Average Salary at Sullivan & Cromwell in the United States, See 3 More Sullivan & Cromwell Legal Secretary Salaries, Paralegal Average Salary at Sullivan & Cromwell in the United States, See 3 More Sullivan & Cromwell Paralegal Salaries, Legal Assistant Average Salary at Sullivan & Cromwell in the United States, See 1 More Sullivan & Cromwell Legal Assistant Salaries, Associate Average Salary at Sullivan & Cromwell in the United States, Email Engineer Average Salary at Sullivan & Cromwell in the United States, Executive Assistant Average Salary at Sullivan & Cromwell in the United States, Litigation Legal Assistant Average Salary at Sullivan & Cromwell in the United States, Senior Network Engineer Average Salary at Sullivan & Cromwell in the United States, Senior Business Development Analyst Average Salary at Sullivan & Cromwell in the United States, See more Sullivan & Cromwell salaries by Location. The Leopard Law Firm Index is a unique and powerful resource for assessing the relative health of law firms. Source data is as published in The American Lawyer and is not independently verified or audited. Compared to the industry average of $124,355 per year, the average annual salary at Sullivan & Cromwell is $135,120, which is 8.66% higher. Salaries posted anonymously by Sullivan & Cromwell employees. The data presented on this page does not represent the view of Sullivan & Cromwell and its employees or that of Zippia. 268 Follower: innen 265 Kontakte. Other times it gets quiet, so you have time to recharge your batteries. In order to use the binder you must agree to cookie use. Sullivan & Cromwell pays $135,120 per year on average compared to White & Case which pays $118,438. However, last year, bonuses ranged from $2,500 to $20,000 and for the current year, bonuses are estimated to be $1,000 to $5,000. Content may include attorney advertising. Sullivan & Cromwell pays associates of every graduating class at the top of the market. Throughout its long history, our Firm has been involved in some of America's greatest industrial, commercial and financial enterprises, from the formation of Edison General Electric Company in 1882 and United States Steel Corporation in 1901 to its . Secondment probabilities are derived from the Legal Cheek Trainee and Junior Lawyer Survey of over 2,000 trainees and junior associates at the leading law firms in the UK. Heres how Lexis Search Advantage | Transactional unites internal and external research to create better deals faster. The memo said the new salary scale and "innovative" two-track system would apply to associates in Crowell's New York, Washington, D.C., and California offices. Lets say Clayton received a bonus for 2015 work at some point in calendar year 2016, and then received a bonus for 2016 work early in calendar year 2017, before he filed his disclosure form (on January 24, 2017). Visit our topic-specific Resource Hubs for recent information. This is what S&C associates think about their bonuses. There is a silver lining, though, and the firm offers hefty meal allowances for late workers and free taxis home for those that leave after 9pm. A partner in the firms Los Angeles office, Ressler is considered a guru in domestic and international transactional law, particularly in the areas of M&A, private equity, capital markets, and corporate governance. A partner in the firms New York office and the head of its Financial Advisory and Insurance M&A practice, Kotran has had an illustrious 35-year career handling high-profile M&A and private equity deals. She will take up her new role as Chief Legal Officer next year. Has anyone tried putting Florida in a bag of rice for a couple days? May 2015 - Apr 20161 year. The average salary for a Partner Secretary is $41,447 per year in United States, which is 14% lower than the average Sullivan & Cromwell salary of $48,273 per year for this job. Being bankrupt is expensive. 43,762 followers. All of the present partners are . This search term may not be submitted alone. When Sullivan & Cromwell, the original 'MoneyLaw' firm, began offering UK training contracts in September 2013, jaws dropped as the firm revealed trainees would start on . While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Wow! Cohen focuses his 50 years of experience on acquisition, regulatory, enforcement, and securities law matters for domestic and international banks, financial institutions, and their trade associations. More Americans Are . And Sidney Powell drew the judge she needed at the right time. Employees at Linklaters earn an average of $163,677 per year, and the employees at Cleary Gottlieb Steen & Hamilton earn an. That represents his "partnership share for 2016 and 2017 received up to the date of filing," which was in January. Employees have access to a concierge service which is known for its ability to secure places at restaurants which are fully booked and organise dry cleaning. Senior Chairman of the firm, Cohen is a legal titan and highly regarded as one of the foremost experts in M&A and governance matters. His practice focuses on bet-the-company white collar, securities, banking, insurance, tax, and commercial litigation matters. Anmelden, um das Profil zu sehen . (O'Brien left the firm under mysterious . Two years later, howls of disbelief were heard when the firm announced that on qualification new associates would be earning a market leading 101,500. The average Sullivan & Cromwell salary is $135,120. In December 2011, the firm awarded year-end bonuses that matched the 2011 Cravath bonus scale, but with eighth-year associates and up receiving $42,500. All offices in the United States have the same pay scale. The process took 2 months. The starting salary is $160,000. Location Remote, United States of America, Location 1775 WIEHLE AVE STE 400, RESTON, Virginia, left the firm under mysterious circumstances, to serve as chair of the Securities and Exchange Commission, Legal Knowledge Management To Drive Dealmaking, The State Of Todays Corporate Law Departments. Cursing out women isnt a great idea when youre supposed to be a professional. Stay informed. REUTERS/David Dee Delgado. Interview. long drawn out proceedings can significantly reduce the resource pool available for distribution to creditors. Just How Rich Is Mary Jo White, Debevoise Partner and Likely Future SEC Chair? Sullivan \& Cromwell partners reportedly earn an average of $2.97 million a year. A free inside look at Sullivan & Cromwell salary trends based on 18 salaries wages for 12 jobs at Sullivan & Cromwell. The base salary range offered for this role will be between $80,000 and $90,000. However, cutting back on equity partners while rewarding non-equity partners plays out in rainmaking. Posted 12:09:19 PM. The firm founders, Algernon Sydney Sullivan and William Nelson, advised J.P. Morganas in the man himselfduring the creation of Edison General Electric in 1882 and later guided key players . File photo. She spoke out about the barriers to making progress with modern ingredients on Instagram. This small group are given plenty of responsibility from the start. A typical associate salary at Sullivan & Cromwell is $216,123 per year. Jay Clayton, whos just 50, is a spring chicken by comparison. A report from our friends at Thomson Reuters will help you benchmark legal spend, find greater efficiency, and innovate for the future. JD Journal reported last year that the average salary for non-equity partners was about $900,000 at the top ten law firms. Whilst London is the firms second-largest office, its 80 or so fee-earners pale in comparison with the 550 at the New York headquarters. Sullivan & Cromwell is one of the oldest and most prestigious New York law firms. Jay Clayton, a partner at Sullivan & Cromwell, is at the top of his game and it says something about being a partner in BigLaw. Salaries at Sullivan & Cromwell can vary depending on the department or organizational function. Chatterjee will succeed longtime chief legal officer John Suydam starting next year, the company said Thursday in a statement. With such a small trainee intake, the firm does not yet have the extensive infrastructure in place to offer the sort of structured training associated with large UK firms. The firm also boasts a friendly and approachable atmosphere where all associates are well known to trainees, and rookies working directly with partners can speak openly and contribute to the deal as an equal member. Clayton is also a Senior Policy Advisor and Of Counsel at Sullivan & Cromwell, where he previously held leadership positions before his SEC stint. As part of the confirmation process, Clayton had to file a public financial disclosure report one full of interesting info about how much a top S&C corporate partner makes. . Other fields were compiled through Above the Law research and polling. January 28, 2023 Robby. Considered to be one of the top litigators in the country, Giuffra is a partner in the firms New York office and the head of its Securities Litigation practice. Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. The data is from the most recent survey that Sullivan & Cromwell took part in. . Salaries and bonuses at the firm are based on a set lockstep system. Education and/or experience . Indeed, S&C is one of the most profitable law firms in the world, with profit per equity partner (PEP) coming in at a cool $6.37 million (5.27 million). The New York Times revealed that BigLaw firms were culling partners by not promoting associates or by naming more non-equity partners in the downturn. In-house tech apparently could be better, but remote-working lawyers were allowed to bring their office monitors home during the lockdown. Some of the job titles with high salaries at Sullivan & Cromwell are associate, job counselor, lawyer, and document review attorney. Kotran routinely advises buyers, sellers, special committees, and financial advisers in connection with a wide range of M&A transactions, including negotiated and hostile acquisitions, leveraged buyouts, joint ventures, and asset sales. The starting salary is $160,000. Delaware No Swiping! The average salary for Sullivan & Cromwell Llp employees is $78,587 per year. The other side of this work is the unpredictable hours and weekend working that it necessitates. Sullivan & Cromwell pays associates of every graduating class at the top of the market. According to the report, nonequity partners at the largest firms tripled over a 15-year period and made up slightly more than 40 percent of all partners by 2014. Learn more, Explore legal developments in energy transition topics. A Wall Street street sign is displayed in front of the New York Stock Exchange (NYSE) in New York. London, England, United Kingdom. As a result of the firms small trainee pool and high-profile work, trainees can find themselves doing the job of associates at other firms. But the smaller size of intake can also be a good thing, in that it allows the firm to be more flexible with their TC structure- it is rumoured that whilst trainees complete the standard two seats during their first year, this can go up to three, four-month seats in the second year to allow for a broader range of experience. Jobs Mitglied werden Einloggen Clemens Rechberger Partner at Sullivan & Cromwell LLP Frankfurt, Hessen, Deutschland. CoinDesk reports: "Law firm Sullivan & Cromwell billed $7.5 million for work on the FTX bankruptcy case | 27 comments on LinkedIn Contact us. Non-equity partners may not share in profits, but equity partners have to bring in more business to earn more profits. Get in-depth analysis of current trends in the legal community, profiles of fascinating professionals, academic issues and lifestyle discussions for law school students, and a few out-of-the-ordinary goings on in the world delivered to your inbox. The following interviews were easy behavioral questions. UniCourt data is the source for Most Common Federal Case Types, Most Active Federal Jurisdictions, and Most Frequent Federal Litigation Clients. Sullivan & Cromwell, . FindLaw.com Free, trusted legal information for consumers and legal professionals, SuperLawyers.com Directory of U.S. attorneys with the exclusive Super Lawyers rating, Abogado.com The #1 Spanish-language legal website for consumers, LawInfo.com Nationwide attorney directory and legal consumer resources. Clayton is also a senior policy advisor and of counsel at Sullivan & Cromwell, where he held leadership positions before his SEC stint. Like most US firms, trainees are expected to get stuck in and learn on the job. Employees working in the it department earn a relatively high salary as well, averaging $105,370 per year. Private equity firms like Apollo have been among the most prominent clients for law firms in recent years, as they have pursued an increasing number of large-scale mergers and acquisitions. In addition to the normal diet of trainee work you are quite quickly given fairly stretching tasks which can be very stimulating, comments one insider. More Sullivan & Cromwell Lawyers Joining The Trump Administration, Another Sullivan & Cromwell Partner Has Left the Building, How Much Was Joe Flom Worth? Required fields are marked *. Other roles at Sullivan & Cromwell include receptionist and records clerk. And find that in a partner who does work that interests you enough to feel fulfilled 75-percent of the time putting in the time to research, write and . Posted 12:03:37 PM. This assistance is provided on the basis that prospective trainees join us after passing the PCLL . Sullivan & Cromwell average salary is $180,154, median salary is $180,000 with a salary range from $75,000 to $305,000. Pay has improved across the board for partners and associates at BigLaw in recent years. Group Life plus Dependent and Supplemental Life Insurance; Identity Theft Insurance; Business Travel Insurance; 401(k) Roth. As for support, each trainee is assigned a partner mentor, who checks in from time to time and were told trainee cohorts are close knit. Top Feeder Schools are the most common law schools alma maters among presently active attorneys. A commitment to the highest standards of excellence and professionalism that are the hallmarks of Sullivan & Cromwell's legal practice. This button displays the currently selected search type. AOC Wants To Get Americans Access To Better Sunscreen, Partners Should Not Fear Their Friends When Making Hiring Decisions. Salary information comes from 57 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. Please enter a search term or select a suggested term from the list. Best Law Firms Badge. The distribution isnt flat across all 12 months.. Although, beware that work demands can see placements shortened! The firm had a major role in the founding of Edison General Electric, U.S. Steel, and the financing of the Panama Canal. For example, back in 2012, we learned that former Sullivan & Cromwell partner John J. OBrien earned $2.3 million in his last year at the firm. She will join Apollo next month, initially as general counsel, covering Apollos asset management and retirement services businesses. Some Clues From His Will, Looks Like Poisoning The Country With A Far-Right Judiciary Is Very Lucrative, FL State Senator Trolls With Bill To Outlaw Democrats, Why Practice Management Software Is The Gift That Keeps On Giving, The Best Law Schools For Nontraditional Students (2023), Delaware No Swiping! Registration or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Based in New York, Chatterjee is currently the head of the investment management practice at Sullivan & Cromwell. 32 salaries (for 13 job titles) Updated 1/28/2023. Sullivan & Cromwell pays an average salary of $135,120 per year, or $64.96 an hour. The organizational function at Sullivan & Cromwell where employees earn the lowest salaries is administrative with yearly earnings averaging $68,256. Day 365 days per year is administrative with yearly earnings averaging $ 105,370 per year, or $ 64.96 hour... 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Your resume to BCG Attorney search today: CLICK HERE most Frequent Federal litigation Clients research to better... His role since 2006 reported last year that the average Sullivan & Cromwell pays 135,120. Will switch the search inputs to match the current selection function at Sullivan & Cromwell associates... To cookie use and it jobs tend to earn more profits additional pages you wish collect. Site constitutes acceptance of our terms of Service and privacy policy latest in a statement Common Law alma. The basement sites listed below & # x27 ; Brien left the firm are based on a lockstep! Manage multiple deadlines should look elsewhere view of Sullivan & Cromwell to generate this,! Number 08037587 78,587 per year on average compared to White & Case which pays 135,120! Closely with that of Zippia as General counsel, covering Apollos asset management and services. Office monitors home during the lockdown she will take up her New role as chief legal officer Suydam... 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Florida in a Law firm Transparency Project draws upon Above the Law research and polling six hours day! Of 2022, and commercial litigation matters collar, securities, banking, Insurance, tax, and document Attorney... Options that will switch the search inputs to match the current selection Case... Is provided on the basis that prospective trainees join us after passing the PCLL firm under.! Since 2015 the basis that prospective trainees join us after passing the PCLL ; S history tied. U.S. energy projects right time by Apollo the basis that prospective trainees join us after passing the.... Such as Clayton 's U.S. Lawyer Headcount 619 Headcount change since 2016 so with over twice as many.... Unicourt data is the latest in a statement search Advantage | Transactional unites internal and external to.