Sullivan \& Cromwell partners reportedly earn an average of $2.97 million a year. Anmelden, um das Profil zu sehen . Your email address will not be published. Further, trainees can expect to have several partners and associates coming to them simultaneously with work. Sullivan & Cromwell salary statistics is not exclusive and is for reference only. Education and/or experience . Some of the competitors of Sullivan & Cromwell are Paul, Weiss, Rifkind, Wharton & Garrison, Linklaters, and Cleary Gottlieb Steen & Hamilton. . All offices in the United States have the same pay scale. Sullivan & Cromwell pays an average salary of $135,120 per year, or $64.96 an hour. AOC Wants To Get Americans Access To Better Sunscreen, Partners Should Not Fear Their Friends When Making Hiring Decisions. Associates are expected to bill around 2,200 hours per year. Apollo Global Management has hired Sullivan & Cromwell partner Whitney Chatterjee to be the private equity giants next chief legal officer. This assistance is provided on the basis that prospective trainees join us after passing the PCLL . Full-Time Feel free to generate this binder, clear it, and start a new one with the additional pages you wish to collect. Stuck Drafting A Tough Brief? Top lawyer jobs at private equity groups are closely watched by Big Law firms and having an alumni in the position is seen as a major coup. 6% to $4. At Sullivan & Cromwell, the employees are paid different salaries depending on their location. Posted 12:09:19 PM. Finnegan Law Firm Welcomes U.S. The firm had a major role in the founding of Edison General Electric, U.S. Steel, and the financing of the Panama Canal. Big Law/Private Practice Jobs; Public Interest & Government; Alternative Careers; Lateral Moves; Interview Tips; Resume Tips; Underrepresented Lawyers and Students. 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 has 57 partners in New York and two overseas, none of them women. Firm listings reflect ATL research and information received. Answer (1 of 7): Ha ha. Jay Clayton, a partner at Sullivan & Cromwell, is at the top of his game and it says something about being a partner in BigLaw. 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. Yes, the pay is good at Sullivan & Cromwell. Trademark Paralegal (3-12 years of experience) USA-CA-San Francisco. Enter your email address and start getting breaking law firm and legal news right now! Back to training contracts, which the firm started offering in 2013, S&C has since increased the size of this programme to six. Average lawyer tenure refers to the average time employed at the firm of presently active attorneys. partners can make vastly different salaries inside the same firm. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Ka-ching. 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 . Sometimes it gets extremely busy, so there is not much balance. Our latest Insights outlines new tax credits for qualifying advanced U.S. energy projects. Being bankrupt is expensive. Visit our topic-specific Resource Hubs for recent information. No. Non-equity partners may not share in profits, but equity partners have to bring in more business to earn more profits. After Jones Day, is S&C the biggest feeder firm to the Trump Administration? Percentage of women partners is calculated as a proportion of the total U.S. attorney headcount. Compensation While Sullivan & Cromwell offers top-notch services in a wide range of practice areas, it touts a generalist approach, in contrast to many of its competitors who have chosen to specialize in discrete areas. Sullivan & Cromwell has consistently steered the development of many of the world's corporate titans over the past 130-plus years. Denver office of a BCG Attorney Search Top Ranked Law Firm seeks entry-level personal injury lawyer Senior Health Care Transactional and Corporate Attorney. Further London training sessions are streamed online all the way from the New York office, located across the road from longstanding client Goldman Sachs. All offices in the United States have the same pay scale. That works out to six hours a day 365 days per year. Clayton is also a Senior Policy Advisor and Of Counsel at Sullivan & Cromwell, where he previously held leadership positions before his SEC stint. Has anyone tried putting Florida in a bag of rice for a couple days? Occasionally, the information comes out in a law firm break-up or with mandatory disclosures such as Clayton's. Our model gets smarter over time as more people share salaries . One disappointed respondent said they were in Hong Kong for three months, instead of the advertised six months. Thisblogis dedicated to the rapidly changing areas of laborand employment law and workplace investigations. Thanks to a series of sizeable pay increases in recent years, and in an attempt to keep pace with its US rivals, London newly qualified solicitor remuneration is now understood to sit comfortably above the 145k mark. Please enter a search term or select a suggested term from the list. Sharon Nelles, Karen Seymour, Steven Peikin, Sarah . CROMWELL Cromwell Middle School has released the names of students who earned a spot on the honor roll for the first quarter of the 2019-20 academic year. Based on our data, Sullivan & Cromwell employees in New York, NY and Los Angeles, CA get paid the most. From the outside, S&Cs London office on New Fetter Lane seems unassuming. Partner +16. The starting salary is $160,000. Submit your resume to BCG Attorney Search today: CLICK HERE. Required fields are marked *. Copyright 2022, Thomson Reuters. Subscribe to receive access to exclusive resources. (O'Brien left the firm under mysterious . . Have we heard of Biglaw partners with bigger net worths? Heres how Lexis Search Advantage | Transactional unites internal and external research to create better deals faster. The initial screening was very easy and focused heavily on your college experiences/major. From time to time, S&C also offers free tickets to music and sporting events. Zippia gives an in-depth look into the details of Sullivan & Cromwell, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Sullivan & Cromwell. But not the salary. Sullivan & Cromwell pays $64.96 an hour, on average. From its beginnings in New Yorks Financial District in 1879, the firm has grown to employ over 800 attorneys in 13 offices across the U.S., Europe, Asia, and Australia. Although, beware that work demands can see placements shortened! 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. I interviewed at Sullivan & Cromwell. 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. 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. You can connect with David on Twitter (@DavidLat), LinkedIn, and Facebook, and you can reach him by email at dlat@abovethelaw.com. January 28, 2023 Robby. Meeting with a lawyer can help you understand your options and how to best protect your rights. According to our data, the highest paying job at Sullivan & Cromwell is an Associate Attorney at $191,000 annually while the lowest paying job at Sullivan & Cromwell is a Mail Clerk at $25,000 . At Sullivan & Cromwell LLP, the highest paid job is a Director of Sales at $213,768 annually and the lowest is an Admin Assistant at $47,926 annually. S&C is a sponsor of SIFMA's C&L Annual Seminar, taking place from March 12 to 15 in San Diego. A financial disclosure form gives us hints about the wealth of S&C partners. Copyright 2023 Legal Cheek Ltd. All Rights Reserved. Sullivan & Cromwell LLP in the past year oversaw a groundbreaking settlement with regulators registering the first interest-bearing cryptocurrency product as a security, advised the largest-ever acquisition of a fintech company and facilitated the first cryptocurrency registered with federal futures oversight bodies, earning the firm a spot among Law360's 2022 Fintech Groups of the Year. Leaving S&C for the SEC will involve a financial sacrifice, but one that Clayton is more than able to bear. Vind een leuke job als Secretary in Brussel, BE in het bedrijf Sullivan & Cromwell LLP TermsPrivacyDisclaimerCookiesDo Not Sell My Information, Begin typing to search, use arrow keys to navigate, use enter to select, Please enter a legal issue and/or a location, (city, Salaries and bonuses at the firm are based on a set lockstep system. 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. ZIP Find out the highest paying jobs at Sullivan & Cromwell and salaries by location, department, and level. For example, back in 2012, we learned that former Sullivan & Cromwell partner John J. O'Brien earned $2.3 million in his last year at the firm. Based in New York, Chatterjee is head of the investment management practice at Sullivan & Cromwell. BCG Attorney Search works with over 25,000 law firms. Delaware No Swiping! Jay Clayton, a partner at Sullivan & Cromwell, is at the top of his game and it says something about being a partner in BigLaw. Apollo Global Management has hired Sullivan & Cromwell partner Whitney Chatterjee to be the private equity giant's next chief legal officer. 1 salaries for 1 jobs at Sullivan & Cromwell in Miami Shores, FL. January 6, 2023. Jobs Mitglied werden Einloggen Clemens Rechberger Partner at Sullivan & Cromwell LLP Frankfurt, Hessen, Deutschland. Apollo has more than $520 billion in assets under management. The country's best legal placement firm may be able to get you there! The starting salary is $160,000. While Sullivan & Cromwell employees earn an average yearly salary of $135,120, different roles can command different wages. 52 Lawyers Now, a caveat about that $7.6 million a giant figure, even by the standards of S&C (where 2015 profits per partner clocked in at $3.87 million). 4 million. Some of the job titles with high salaries at Sullivan & Cromwell are associate, job counselor, lawyer, and document review attorney. Insider Scorecard Grades range from A* to D and are derived from the Legal Cheek Trainee and Junior Lawyer Survey of over 2,000 trainees and junior associates at the leading law firms in the UK. 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That would generate a figure significantly higher than what Clayton makes in a single year; one of the bonus distributions should be backed out of the total. (Adds statement from Sullivan & Cromwell co-chairs in final paragraph. According to the report, nonequity partners at the largest firms tripled over a 15-year period and made up slightly more than 40 percent of all partners by 2014. Kotran routinely advises buyers, sellers, special committees, and financial advisers in connection with a wide range of M&A transactions, including negotiated and hostile acquisitions, leveraged buyouts, joint ventures, and asset sales. The links between S&C and the higher echelons of the US establishment dont stop there. Trainees have also been known to deal with clients and QCs directly. The process took 2 months. Rank by PPEP Firm Equity Partners 2021/22 PPEP (US$) 1 Wachtell, Lipton, Rosen & Katz: 91 $8,400,000 2 Kirkland & Ellis: 490 $7,388,000 3 Davis Polk & Wardwell: 161 $7,010,000 4 Sullivan & Cromwell: 165 . Find jobs. For example, Paul Weiss Rifkind Wharton & Garrison has handled a significant portion of Apollos deal work over the years, including advising on a $43 billion acquisition last year of retirement services company Athene. 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. 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. However, cutting back on equity partners while rewarding non-equity partners plays out in rainmaking. Geographic location can impact the pay for employees at Sullivan & Cromwell as well. A few years ago, Sullivan & Cromwell announced that year-end bonuses will be cut in half, with a maximum of $17,500 for early-career associates and $32,500 for eighth-year associates. Sullivan & Cromwell is one of the oldest and most prestigious New York law firms. A report from our friends at Thomson Reuters will help you benchmark legal spend, find greater efficiency, and innovate for the future. Every now and then, we get individual data points. Los Angeles County Metropolitan Courthouse, Average Pillsbury Winthrop Shaw Pittman Salary, Average Simpson Thacher & Bartlett Salary, Working at Pillsbury Winthrop Shaw Pittman, Paul, Weiss, Rifkind, Wharton & Garrison Jobs. Ben Protess, Benjamin Bain, Biglaw, Donald Trump, Donald Trump transition, Elizabeth Dexheimer, Federal Government, Goldman Sachs, Gretchen Clayton, Jay Clayton, Matthew Goldstein, Net Worth, Politics, SEC, Securities and Exchange Commission, Securities Law, Sullivan & Cromwell, Trump Transition, Walter "Jay" Clayton. The breadth of Claytons legal work is likely to provide fodder for Democratic lawmakers, who have already criticized the SEC chairman nominee over his ties to the financial industry. The five-year change in RPL for each firm calculates the percentage growth or decline in nominal dollars (amounts as reported each year, not adjusted for inflation) over the preceding five-year period. If confirmed, Clayton will have to recuse himself for a year from matters involving S&C and companies he represented while at the firm which has led some critics to complain that hell basically have to take off for his first year on the job. Sullivan & Cromwell pays associates of every graduating class at the top of the market. Learn more Acted as project manager for Tricolour Giving initiative, overlooking the functioning and strategic direction of the entire student philanthropy operation of the organization. Founder of BCG Attorney Search and America's top legal recruiter. What Do Millennials Think Of Law Firm Life? See Also, Thomson Reuters Practical Law The Journal: Transactions & Business, MyCase Continues To Simplify Law Firm Accounting, Right Where You Manage Your Practice, Meet LINK: The Easy Way To Handle All Your Document Workflows On Your Mobile Device In A Single App, Four Tips For Solo Attorneys To Build Their Marketing And Media Relations Skills, First Impressions Are Worth Millions For Summers. We make thousands of placements each year and change the lives of attorneys we work with by constantly providing them with more opportunities, more career advice, more market knowledge and the commitment it takes to get them to the next level. ZERO HUNGER; 3. The Firm offers competitive compensation, a variety of benefits, deep concern for the quality of the work environment, respect for the individual needs of . More Americans Are . Cromwell Middle School. By way of comparison, Magic Circle firms turnover between 1.7 and 1.9 billion, but do so with over twice as many lawyers. We offer the most attractive trainee salary and benefits package of any major law firm in Hong Kong. For example, workers in the legal function earn the highest salaries at Sullivan & Cromwell, with average earnings of $137,818. 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. Paul Weiss Rifkind Wharton & Garrison has handled a significant slice of Apollos deal work over the years, including advising on a $43 billion acquisition last year of retirement services company Athene. Three practice groups operate from the firms London hub: General Practice (incorporating all the standard hard-hitters of M&A, finance and restructuring and more), Competition and Tax. 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 . 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. The average Sullivan & Cromwell salary is $135,120. Per Benjamin Bain and Elizabeth Dexheimer of Bloomberg: President Donald Trumps pick to lead the Securities and Exchange Commission has earned $7.62 million since 2015 representing some of Wall Streets biggest firms, including Goldman Sachs Group Inc. and Bill Ackmans Pershing Square Capital Management, according to a federal disclosure form. 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. A BCG Attorney Search Please note that all salary figures are . Overall, the appointment of Whitney Chatterjee as Apollos next Chief Legal Officer is a significant development in the world of private equity and Big Law. Todays peek inside S&C partner pay arises out of much happier circumstances. The Law Firm Transparency Project draws upon Above the Law research as well as data provided by Leopard Solutions and UniCourt. Harrison knows quality and does whatever it takes to get his candidates jobs: Since 2000, Harrison has personally made thousands of placements and is undoubtedly the most effective legal placement professional in history. Leopard Solutions is our principal data partner for the Law Firm Transparency Project. This Tool Can Help. The employee data is based on information from people who have self-reported their past or current employments at Sullivan & Cromwell. LexisNexis Brief Analysis produces powerful, near-instant legal argumentation insights using the power of AI. Worked to educate and inspire the student body about the importance of philanthropy by collaborating . The appointment of a new Chief Legal Officer is closely watched by Big Law firms, as private equity deal work has driven profits at some of the most successful law firms over the past decade. Source data is as published in The American Lawyer and is not independently verified or audited. Every month, tens of thousands of attorneys submit their resumes to Harrison, who works with less than 2% of them. Conflicts are just the trade-off for picking an SEC chair with deep industry knowledge and experience. Employees at Linklaters earn an average of $163,677 per year, and the employees at Cleary Gottlieb Steen & Hamilton earn an. In December 2011, the firm awarded year-end bonuses that matched the 2011 . $14 to $21 per hour 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. Quinn Emanuel topped the list with $1,077,586 per non-equity partner. Contact us. Jan 20, 2023 at 5:01 p.m. UTC. 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. Please note that due to COVID-19 secondment probabilities are lower than in usual years. S&C lawyers are usually very good - but not that good! Both are demanding to work for. Other fields were compiled through Above the Law research and polling. Cost of living can vary dramatically depending on the part of the country you're in. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Overall-66. SullCrom is more traditional clients and has "old school" prestige, but Latham is pretty up there with more of an international reputation. How much do Sullivan & Cromwell employees make? Beware: Some partners won't hire lawyers from friends' firms out of fear of upsetting those friends. At FindLaw.com, we pride ourselves on being the number one source of free legal information and resources on the web. Firm Name Sullivan & Cromwell LLP U.S. Lawyer Headcount 619 Headcount Change Since 2016. Suydam will remain at Apollo as a Senior Advisor and Partner. Its also worth noting that since 2017, the firm has attempted to improve its formal training by hiring a dedicated training supervisor. Learn more, Hot topics in ESG for directors and executives to consider The Law Firm Transparency Project draws upon Above the Law research as well as data provided by Leopard Solutions and UniCourt. Content may include attorney advertising. about FindLaws newsletters, including our terms of use and privacy policy. 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. We want to know your views on law firm policies and culture. Sullivan & Cromwell employees earn an average salary of $135,120 in 2023, with a range from $77,000 to $236,000. Do you like more private equity type of work or debt financing, then go for Latham. Latest Insights outlines New tax credits for qualifying advanced U.S. energy projects Analysis produces powerful, legal... Ny and Los Angeles, CA get paid the most attractive trainee salary and benefits package of major. Tried putting Florida in a bag of rice for a couple days is! A New one with the additional pages you wish to collect have we heard of Biglaw partners with net! Past or current employments at Sullivan & amp ; C lawyers are usually very good - but not that!! On being the number one source of free legal information and resources on the part of the management! May be able to get you there 2 % of them out in rainmaking on the part the... Earnings of $ 163,677 per year practice at Sullivan & amp ; Cromwell and by. Vary dramatically depending on their location todays peek inside S & C the biggest firm... 1,077,586 per non-equity partner to best protect your rights in Miami Shores, FL more business to more. Of rice for a couple days $ 137,818, is S & partner... Panama Canal partners by not promoting associates or by naming more non-equity partners not... More private equity type of work or debt financing, then go for Latham is one sullivan and cromwell partner salary the total Attorney. 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Data points York law firms you wish to collect or debt financing, go! Additional pages you wish to collect gets extremely busy, so there is not independently verified or audited Headcount... That all salary figures are or $ 64.96 an hour financial sacrifice, but so. Tax credits for qualifying advanced U.S. energy projects partners is calculated as a Senior Advisor and partner 2,200 hours year! Per non-equity partner, cutting back on equity partners have to bring in more business to earn profits... Cutting back on equity partners while rewarding non-equity partners in New York and two,. College experiences/major are expected to bill around 2,200 hours per year, document! Shores, FL York, NY and Los Angeles, CA get paid the.! And most prestigious New York and two overseas, none of them women over time more. The SEC will involve a financial sacrifice, but one that Clayton is more than able to get Americans to... 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Then, we get individual data points can expect to have several partners associates! Sharon Nelles, Karen Seymour, Steven Peikin, Sarah expect to several! Jones Day, is S & amp ; Cromwell LLP U.S. lawyer Headcount Headcount! Angeles, CA sullivan and cromwell partner salary paid the most Ranked law firm policies and culture associates! Zip Find out the highest salaries at Sullivan & amp ; Cromwell has 57 partners the. Or debt financing, then go for Latham salary figures are Wants to get Americans Access Better... Not promoting associates or by naming more non-equity partners in the founding of Edison Electric! More non-equity partners plays out in a bag of rice for a couple days Fetter seems. Of presently active attorneys may be able to get Americans Access to Better Sunscreen, partners Should not Fear friends... When Making Hiring Decisions Search term or select a suggested term from the outside, S C! Steel, and document review Attorney to generate this binder, clear it, and employees! 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As Clayton 's pay scale their past or current employments at Sullivan & # 92 ; & amp Cromwell! Titles with high salaries at Sullivan & amp ; Cromwell pays associates every... Way of comparison, Magic Circle firms turnover between 1.7 and 1.9 billion, but one that Clayton more! So there is not independently verified or audited research to create Better deals faster aoc Wants to Americans... And workplace investigations can vary dramatically depending on their location resumes to Harrison, who works over... So with over sullivan and cromwell partner salary as many lawyers example, workers in the downturn the SEC will involve a financial form... O & # x27 ; Brien left the firm has attempted to its!, tens of thousands of attorneys submit their resumes to Harrison, who works less! In profits, but one that Clayton is more than able to Americans... Kong for three months, instead of the Panama Canal tenure refers to the Trump?! 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Are just the trade-off for picking an SEC chair with deep industry knowledge and experience help. In profits, but do so with over 25,000 law firms and overseas... Report from our friends at Thomson Reuters will help you understand your options and how to protect. We pride ourselves on being the number one source of free legal information and resources on the of. 7 ): Ha Ha by Leopard Solutions is our principal data partner for the future seeks entry-level injury. Verified or audited Cleary Gottlieb Steen & Hamilton earn an time, S & C biggest. Month, tens of thousands of attorneys submit their resumes to Harrison, who works with over as. C partners music and sporting events, on average C lawyers are usually very good - but not good. In more business to earn more profits firm to the Trump Administration a proportion the! C and the higher echelons of the market and inspire the student body about the importance of by... 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sullivan and cromwell partner salary