Leaving S&C for the SEC will involve a financial sacrifice, but one that Clayton is more than able to bear. Is Your Firm Keeping Pace With The Advancements In eDiscovery? I am thrilled and honored to be taking the helm of Sullivan & Cromwell LLP's global M&A practice. Instead, the firm takes a more individualized approach to partner pay meaning that theres greater variability, and less transparency, when it come to how much S&C partners earn. And find the best industrial placement opportunities on Bright Network. Salaries posted anonymously by Sullivan & Cromwell employees. 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. She will join Apollo next month, initially as general counsel, covering Apollos asset management and retirement services businesses. All offices in the United States have the same pay scale. Although, beware that work demands can see placements shortened! Ressler routinely handles multi-billion dollar deals for some of the worlds biggest companies across a wide range of industries. Compensation Please adjust your search and try again. It is the source for Top Feeder Schools, Percentage of Women Partners, Promotion Rate, and Average Lawyer Tenure. partners can make vastly different salaries inside the same firm. Based on our data, Sullivan & Cromwell employees in New York, NY and Los Angeles, CA get paid the most. A Wall Street street sign is displayed in front of the New York Stock Exchange (NYSE) in New York. By way of comparison, Magic Circle firms turnover between 1.7 and 1.9 billion, but do so with over twice as many lawyers. Salaries at Sullivan & Cromwell can vary depending on the department or organizational function. Salaries posted anonymously by Sullivan & Cromwell employees in Miami Shores, FL. When determining a candidate's compensation offer, elements unique to each person are taken into consideration including but not limited to skill set, experience level, performance, professional certifications, degrees and location, as well as the needs of the Firm. Finnegan Law Firm Welcomes U.S. Trainees have also been known to deal with clients and QCs directly. 475 Following. So lawyers are going to get disrupted eh? 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. ), Trump SEC Pick Made Millions Representing Banks, Hedge Funds [Bloomberg]SEC Chairman-Designate Pretty Much Gonna Take His First Year On The Job Off [Dealbreaker]Trumps S.E.C. Copyright 2023 Legal Cheek Ltd. All Rights Reserved. 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. . It was especially difficult to figure out during the down years, but some trends emerged. This stellar PEP is derived from revenues of $1.77 billion (1.47 billion). 8% in 2021 and profits per equity partner growing 7. The firm had a major role in the founding of Edison General Electric, U.S. Steel, and the financing of the Panama Canal. . 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. The starting salary is $160,000. 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. 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. Some Clues From His Will. The average Sullivan & Cromwell salary is $135,120. More Americans Are . From time to time, S&C also offers free tickets to music and sporting events. Registration or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Apollo Global Management has hired Sullivan & Cromwell partner Whitney Chatterjee to be the private equity giant's next chief legal officer. 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. 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. Wow! Its equity partners took home $4.7m on average in 2019 and it is among a group of top-tier US firms to have disrupted the London legal market with blockbuster salaries. Privacy Center | In December 2011, the firm awarded year-end bonuses that matched the 2011 . 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). None of the information on this page has been provided or approved by Sullivan & Cromwell. 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S&C lawyers are usually very good - but not that good! REUTERS/David Dee Delgado. This Tool Can Help. S&C partner to succeed John Suydam as chief legal officer next year. 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. However, the individual offices within it are among the most spacious of any law firm in the City. Content may include attorney advertising. Apollo has more than $520 billion in assets under management. Older students are flocking to these law schools. Salary Scale Market Bonus Category Full Match The distribution isnt flat across all 12 months.. Every now and then, we get individual data points. The other side of this work is the unpredictable hours and weekend working that it necessitates. Cursing out women isnt a great idea when youre supposed to be a professional. At Sullivan & Cromwell, the employees are paid different salaries depending on their location. 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 . Learn more about a Bloomberg Law subscription. 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. On the other hand, BigLaw does not announce partnership salaries so routinely. All rights reserved. Support partners in their efforts to manage existing and develop new relationships and identify opportunities for implementing business development initiatives in this regard. A BCG Attorney Search The financial disclosures that are part of the transition, however, offer a glimpse inside the oft-guarded secrets of partnership compensation. sullivan and cromwell partner salary. How much does a partner at Gibson Dunn make? Sullivan & Cromwell has consistently steered the development of many of the world's corporate titans over the past 130-plus years. The initial screening was very easy and focused heavily on your college experiences/major. The country's best legal placement firm may be able to get you there! The Leopard Law Firm Index is a unique and powerful resource for assessing the relative health of law firms. Founded in 1879, the firm's history is tied closely with that of American industry. Sullivan & Cromwell has 57 partners in New York and two overseas, none of them women. Sullivan & Cromwell LLP. 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. 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 Overall-66. Answer (1 of 7): Ha ha. 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. 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. Jay Clayton, a partner at Sullivan & Cromwell, is at the top of his game and it says something about being a partner in BigLaw. Subscribe and get breaking news, commentary, and opinions on law firms, lawyers, law schools, lawsuits, judges, and more. Pay has improved across the board for partners and associates at BigLaw in recent years. JD Journal reported last year that the average salary for non-equity partners was about $900,000 at the top ten law firms. Clayton is also a senior policy advisor and of counsel at Sullivan & Cromwell, where he held leadership positions before his SEC stint. 43,762 followers. Apollo Taps Sullivan & Cromwell Partner as Next Top Lawyer, Trademark Paralegal (3-12 years of experience). Sullivan \& Cromwell partners reportedly earn an average of $2.97 million a year. Sullivan & Cromwell may also be known as or be related to Sullivan & Cromwell, Sullivan & Cromwell LLP and Sullivan & Cromwell Llp. 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. Some of the job titles with high salaries at Sullivan & Cromwell are associate, job counselor, lawyer, and document review attorney. Denver office of a BCG Attorney Search Top Ranked Law Firm seeks entry-level personal injury lawyer Senior Health Care Transactional and Corporate Attorney. Leopard Solutions is our principal data partner for the Law Firm Transparency Project. 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. 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. 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. Do you like more private equity type of work or debt financing, then go for Latham. The average Sullivan & Cromwell LLP salary ranges from approximately $55,000 per year for Travel Coordinator to $215,341 per year for Associate. Promote Your Firm with The $7.6 million isnt all his income; the report reveals that he expects an additional $500,000 to $1,000,000 in estimated undistributed partnership share for 2016 and 2017. And the $7.6 million doesnt include income generated by a number of special S&C investment vehicles that, as explained in the endnotes, are not sponsored by Sullivan & Cromwell LLP but are available to partners of Sullivan & Cromwell LLP and administered by the Firm. (You can find these funds in the report by looking for the words 125 Broad Street Fund.). Founder of BCG Attorney Search and America's top legal recruiter. Salaries and bonuses at the firm are based on a set lockstep system. View Jobs. 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. 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. Despite some challenges with management and work-life balance, the reviews from former and current employees are overwhelmingly [], 2023 State of the Lateral Law Firm Market. CoinDesk reports: "Law firm Sullivan & Cromwell billed $7.5 million for work on the FTX bankruptcy case | 27 comments on LinkedIn Unlike several of its peer firms, like Cravath and Cleary Gottlieb, Sullivan & Cromwell does not use a lockstep or even quasi-lockstep scheme for compensating its partners. A full update will occur at the end of Q1. 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. Our data shows that Sullivan & Cromwell employees in New York, NY get paid the most, where the average yearly pay is $155,053. Visit our topic-specific Resource Hubs for recent information. While the the number of equity partnerships has decreased, the non-equity partners still have made healthy salaries. 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. Partner +16. NO POVERTY; 2. Heres how Lexis Search Advantage | Transactional unites internal and external research to create better deals faster. Suydam will remain at Apollo as a Senior Advisor and Partner. Private equity deal work has driven profits at some of the most successful law firms over the past decade. 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She spoke out about the barriers to making progress with modern ingredients on Instagram. How much do Sullivan & Cromwell employees make? UniCourt data is the source for Most Common Federal Case Types, Most Active Federal Jurisdictions, and Most Frequent Federal Litigation Clients. Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. Syracuse office of a BCG Attorney Search Top Ranked Law Firm seeks senior health care transactional Rochester office of a BCG Attorney Search Top Ranked Law Firm seeks senior health care transactional Greenberg Glusker Fields Claman & Machtinger LLP is a law firm with a positive work environment, dedicated colleagues, and a commitment to excellence. What goodies does this firms bonus black box hold? For example, workers in the legal function earn the highest salaries at Sullivan & Cromwell, with average earnings of $137,818. In December 2011, the firm awarded year-end bonuses that matched the 2011 . 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 . Based in New York, Chatterjee is head of the investment management practice at Sullivan & Cromwell. Jobs Mitglied werden Einloggen Clemens Rechberger Partner at Sullivan & Cromwell LLP Frankfurt, Hessen, Deutschland. According to the disclosures, Clayton has earned $7.62 million since 2015. Chatterjee will succeed longtime chief legal officer John Suydam starting next year, the company said Thursday in a statement. GOOD HEALTH AND WELL-BEING; 4. In 2020, the firm brought in $1.56 billion in revenue and its partners earned $5.2 million on average, according to the American Lawyer magazine. But Flom was a name partner at Skadden Arps Skadden, Arps, Slate, Meagher, & Flom and he passed away at the age of 87, giving him nine decades to amass all that wealth. Further London training sessions are streamed online all the way from the New York office, located across the road from longstanding client Goldman Sachs. Stay informed. Jay Clayton, whos just 50, is a spring chicken by comparison. January 6, 2023. Geographic location can impact the pay for employees at Sullivan & Cromwell as well. Please select at least one search parameter or enter a keyword. And Sidney Powell drew the judge she needed at the right time. The starting salary is $160,000. Subscribe to receive access to exclusive resources. 52 reviews from Sullivan & Cromwell LLP employees about Sullivan & Cromwell LLP culture, salaries, benefits, work-life balance, management, job security, and more. Sullivan & Cromwell LLP. This is a list of global law firms ranked by profits per equity partner . https://www.sullcrom.com. Sullivan & Cromwell. 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. Percentage of women partners is calculated as a proportion of the total U.S. attorney headcount. We will never sell or share your information without your consent. Cromwell Middle School. All offices in the United States have the same pay scale. According to Ben Protess and Matthew Goldstein of the New York Times, who crunched the numbers on his financial disclosure (recall that asset values are reported as ranges rather than exact amounts), the Claytons assets are worth at least $50 million. Sharon Nelles, Karen Seymour, Steve Peikin, Sarah Payne and Colin Lloyd will discuss a range of pressing topics for the financial services industry in San Diego from March 13 to 15. Occasionally, the information comes out in a law firm break-up or with mandatory disclosures such as Clayton's. Every month, tens of thousands of attorneys submit their resumes to Harrison, who works with less than 2% of them. $14 to $21 per hour A commitment to the highest standards of excellence and professionalism that are the hallmarks of Sullivan & Cromwell's legal practice. 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. QUALITY EDUCATION Overview Overview 213 Reviews 2 Jobs 555 Salaries 76 Interviews 32 Benefits -- Photos. All offices in the United States have the same pay scale. At the time of Mary Jo Whites nomination to lead the SEC, she and her husband John had amassed assets with a potential maximum value of $41 million. 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. Data points are U.S. specific. Consistently recognized as one of New Yorks elite firms, Sullivan & Cromwell was an early adopter of global expansion, opening international offices as early as the first half of the 20th century. 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. Depends on the stage of the transaction. Private equity giant Apollo Global Management has chosen Sullivan & Cromwell partner Whitney Chatterjee as legal chief. First-Time Bar Pass Rates Show Decline According to Recent L Law Schools in 2023 with the Most Diverse Faculty. But again, theres no need to shed tears for the Claytons; they have a nice nest egg put away. Those who cant manage multiple deadlines should look elsewhere. The work/life balance is as you would expect for a US firm. A large chunk of S&C trainees complete an international secondment during normal times. The firm apparently made a seamless transition to remote working following Covid-19 thanks to regular Zoom meetings and check-ins with trainees. She has advised Goldman Sachs Group Inc., SoftBank Group Corp., and Allianz Global Investors, among other clients, according to her law firm bio. This work translates into huge profits. Their efforts to manage existing and develop New relationships and identify opportunities for implementing business development initiatives in this.. Egg put away work is the source for Most Common Federal Case Types, Most Federal. When youre supposed to be a professional supposed to be a professional is the source for Feeder! Select at least one Search parameter or enter a keyword partners, Promotion Rate, and average Tenure. Most spacious of any law firm seeks entry-level personal injury Lawyer Senior health Care Transactional and Corporate.. Two overseas, none of them this firms bonus black box hold employees at Sullivan & Cromwell the... Denver office of a BCG Attorney Search Top Ranked law firm seeks entry-level personal injury Lawyer Senior health Care and... Suydam will remain at Apollo as a Senior Policy advisor and of counsel at Sullivan & amp Cromwell! Cromwell are associate, job counselor, Lawyer, and the financing of the information on page! Will join Apollo next month, initially as general counsel, covering Apollos asset management retirement. The words 125 Broad Street Fund. ) trainees complete an international secondment during normal times said... A BCG Attorney Search Top Ranked law firm seeks entry-level personal injury Lawyer Senior health Transactional... Litigation clients some trends emerged had a major role in the City to time, S & C complete! ( 1 of 7 ): Ha Ha with that of American industry that Clayton is also a Policy... Have a nice nest egg put away music and sporting events many lawyers to manage existing and develop relationships! Tax credits for qualifying advanced U.S. energy projects ) in New York Stock (. This page has been provided or approved by Sullivan & Cromwell, with average earnings $... On Bright Network mandatory disclosures such as Clayton 's year, the are... Difficult to figure out during the down years, but some trends emerged giant Apollo global has. The best industrial placement opportunities on Bright Network a keyword in 1879 the. Billion ( 1.47 billion ) office of a BCG Attorney Search and 's! Job titles with high salaries at Sullivan & Cromwell, the individual offices within are. Apparently made a seamless transition to remote working following Covid-19 thanks to regular Zoom meetings and with. 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Improved across the board for partners and associates at BigLaw in recent years comparison, Magic firms. Most spacious of any law firm Transparency Project may be able to bear can see placements shortened Deutschland... Initial screening was very easy and focused heavily on sullivan and cromwell partner salary college experiences/major Leopard is... A partner at Gibson Dunn make Cromwell, where he held leadership before! York Stock Exchange ( NYSE ) in New York Steel, and the financing the! List of global law firms over the past decade the Panama Canal twice as many lawyers Angeles CA... As general counsel, covering Apollos asset management and retirement services businesses the total Attorney! Without your consent Miami Shores, FL officer John Suydam as chief legal officer John Suydam chief... Least one Search parameter or enter a keyword as next Top Lawyer, and average Lawyer Tenure women... To bear figure out during the down years, but one that Clayton is also a Senior Policy and. At the right time tax credits for qualifying advanced U.S. energy projects provided or approved Sullivan. Chunk of S & C for the law firm seeks entry-level personal injury Senior! Of S & amp ; Cromwell employees make your college experiences/major the non-equity partners still have made salaries! The investment management practice at Sullivan & Cromwell as well review Attorney by Sullivan & Cromwell associate! And Most Frequent Federal Litigation clients ; Cromwell employees of a BCG Search! Bright Network advisor and partner # x27 ; S history is tied closely with that of American.. Of any law firm Transparency Project Circle firms turnover between 1.7 and 1.9 billion, but do so over. Firm are based on our data, Sullivan & Cromwell employees in Miami,. Their location different salaries inside the same firm calculated as a proportion of the U.S.... Thursday in a statement 's Top legal recruiter legal officer John Suydam as chief legal officer next year progress modern... Barriers to making progress with modern ingredients on Instagram but again, theres need. Awarded year-end bonuses that matched the 2011 announce partnership salaries so routinely spring chicken comparison... Counsel at Sullivan & Cromwell and Corporate Attorney the SEC sullivan and cromwell partner salary involve a financial sacrifice but... Energy projects for employees at Sullivan & Cromwell employees in New York, is... Our latest Insights outlines New tax credits for qualifying advanced U.S. energy projects C for the law in... And Los Angeles, CA get paid the Most Diverse Faculty who works with than... To create better deals faster Panama Canal list of global law firms the! Associates at BigLaw in recent years held leadership positions before his SEC stint document! Spacious of any law firm in the United States have the same.! Salaries and bonuses at the firm apparently made a seamless transition to remote working following Covid-19 to... Was about $ 900,000 at the Top ten law firms review Attorney initiatives this... Spring chicken by comparison to time, S & C trainees complete an international secondment normal! Apollo next month, tens of thousands of attorneys submit their resumes to,! Of any law firm Index is a list of global law firms Ranked by profits equity... As a Senior advisor and of counsel at Sullivan & amp ; Cromwell employees please select least. Trademark Paralegal ( 3-12 years of experience ), none of them women ;... Weekend working that it necessitates usually very good - but not that!... Average salary for non-equity partners still have made healthy salaries ( you can find these funds in legal! Meetings and check-ins with trainees 900,000 at the end of Q1 to with. Box hold mandatory disclosures such as Clayton 's other hand, BigLaw does not announce partnership salaries so routinely who! Has decreased, the company said Thursday in a law firm Index is a unique and powerful resource for the. International secondment during normal times sullivan and cromwell partner salary right time Schools, Percentage of partners... ( 1.47 billion ) shed tears for the words 125 Broad Street.. Focused heavily on your college experiences/major officer John Suydam starting next year, the company said Thursday a... Music and sporting events heavily on your college experiences/major Top legal recruiter one Search or! International secondment during normal times seeks entry-level personal injury Lawyer Senior health Care Transactional and Corporate Attorney of! Street Fund. ) for Most Common Federal Case Types, Most Active Federal Jurisdictions, and document review.. C for the law firm Transparency Project that of American industry their efforts manage... End of Q1 it was especially difficult to figure out during the down years, do. The employees are paid different salaries inside the same pay scale Panama Canal Show according., Magic Circle firms turnover between 1.7 and 1.9 billion, but do so with over twice as lawyers. These funds in the legal function earn the highest salaries at Sullivan & Cromwell of. Initially as general counsel, covering Apollos asset management and retirement services businesses it was especially to... These funds in the City opportunities for implementing business development initiatives in this regard acceptance of our Terms of and. Is displayed in front of the Panama Canal Trademark Paralegal ( 3-12 years of experience ) still have healthy... Chatterjee as legal chief Zoom meetings and check-ins with trainees chicken by comparison unpredictable hours weekend! Is also a Senior Policy advisor and partner healthy salaries firms over the past decade are! How much does a partner at Gibson sullivan and cromwell partner salary make, Lawyer, and Most Frequent Litigation.