A commitment to the highest standards of excellence and professionalism that are the hallmarks of Sullivan & Cromwell's legal practice. How much do Sullivan & Cromwell employees make? A large chunk of S&C trainees complete an international secondment during normal times. Sullivan & Cromwell, . GOOD HEALTH AND WELL-BEING; 4. 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 . We will never sell or share your information without your consent. Cursing out women isnt a great idea when youre supposed to be a professional. Chatterjee, a law firm Sullivan & Cromwell partner, will join Apollo next month as General Counsel, covering the firms asset management and retirement services businesses. Meeting with a lawyer can help you understand your options and how to best protect your rights. Jobs Mitglied werden Einloggen Clemens Rechberger Partner at Sullivan & Cromwell LLP Frankfurt, Hessen, Deutschland. Posted 12:09:19 PM. (Adds statement from Sullivan & Cromwell co-chairs in final paragraph. long drawn out proceedings can significantly reduce the resource pool available for distribution to creditors. Jay Clayton, a partner at Sullivan & Cromwell, is at the top of his game and it says something about being a partner in BigLaw. Older students are flocking to these law schools. 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, whos just 50, is a spring chicken by comparison. Thisblogis dedicated to the rapidly changing areas of laborand employment law and workplace investigations. Nominee Disclosure Offers Rare Glimpse of Clients and Conflicts [New York Times], Earlier: Just How Rich Is Mary Jo White, Debevoise Partner and Likely Future SEC Chair?More Sullivan & Cromwell Lawyers Joining The Trump AdministrationAnother Sullivan & Cromwell Partner Has Left the BuildingJust How Rich Is Mary Jo White, Debevoise Partner and Likely Future SEC Chair?How Much Was Joe Flom Worth? Interview. The wages at Paul, Weiss, Rifkind, Wharton & Garrison average higher than the other similar companies, where the median salary is $189,911 per year. The distribution isnt flat across all 12 months.. Submit your resume to BCG Attorney Search today: CLICK HERE. A financial disclosure form gives us hints about the wealth of S&C partners. The starting salary is $160,000. We offer the most attractive trainee salary and benefits package of any major law firm in Hong Kong. Chatterjee will succeed longtime chief legal officer John Suydam starting next year, the company said Thursday in a statement. This can be compared to Los Angeles, CA, where Sullivan & Cromwell employees earn an average salary of $143,041. Quinn Emanuel topped the list with $1,077,586 per non-equity partner. BCG Attorney Search works with over 25,000 law firms. A full update will occur at the end of Q1. Why Work Here? Click here for an expanded methodology and definition of terms. The average Sullivan & Cromwell salary is $135,120. In order to use the binder you must agree to cookie use. More Sullivan & Cromwell Lawyers Joining The Trump Administration, Another Sullivan & Cromwell Partner Has Left the Building, How Much Was Joe Flom Worth? SummaryProvides secretarial, word processing, administrative and clerical support for Partners;See this and similar jobs on LinkedIn. Every month, tens of thousands of attorneys submit their resumes to Harrison, who works with less than 2% of them. Although, beware that work demands can see placements shortened! Learn more. Pay has improved across the board for partners and associates at BigLaw in recent years. That works out to six hours a day 365 days per year. Sure like the late Joe Flom, who had a fortune estimated in the low nine figures. Despite the change in leadership, Gibson Dunns financial performance has remained strong, with revenues rising by 14. S&C partner to succeed John Suydam as chief legal officer next year. 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 Answer (1 of 7): Ha ha. 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. 475 Following. 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. Homeland Security Privacy Chief to Their Team, Steptoe & Johnson Law Firm Achieves Revenue Growth Despite Challenging Year, Former DOJ Watchdog to Represent Massachusetts U.S. Attorney in Ethics Investigation, Federal Judge Investigated for Ordering Handcuffing of 13-Year-Old Girl in Gallery as Scared Straight Tactic, Supreme Court Justices Express Doubt Towards Student-Debt Relief, Jenner & Block Expands DC Office and Appoints First Female Leader, California Law School Accreditation Requires Forty Percent Bar Exam Passage Rate, Lesson to All: Lock Up Your Kitchen Knives, Former Legislator Sentenced to 33 Months in Employment Tax Charge Case, Law Firms Strategize Hiring and Firing to Safeguard Profits During Uncertain Times, Best Law Firms to Work For: Greenberg Glusker Fields Claman & Machtinger LLP. The work/life balance is as you would expect for a US firm. All of the present partners are . Sullivan & Cromwell employees earn an average salary of $135,120 in 2023, with a range from $77,000 to $236,000. Salaries and bonuses at the firm are based on a set lockstep system. 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. However, cutting back . ), 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. From time to time, S&C also offers free tickets to music and sporting events. That works out to $64.96 per hour at Sullivan & Cromwell, compared to $56.94 per hour at White & Case. SullCrom is more traditional clients and has "old school" prestige, but Latham is pretty up there with more of an international reputation. Delaware No Swiping! Visit our attorney directory to find a lawyer near you who can help. Private equity deal work has driven profits at some of the most successful law firms over the past decade. 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. Clayton is also a Senior Policy Advisor and Of Counsel at Sullivan & Cromwell, where he previously held leadership positions before his SEC stint. Ka-ching. 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. All offices in the United States have the same pay scale. 2023 Breaking Media, Inc. All rights reserved. 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. Sullivan & Cromwell has consistently steered the development of many of the world's corporate titans over the past 130-plus years. Find the complete library of podcast episodes for Critical Insights. Attorneys are not assigned to specific practice groups, industries, or geographic locations, but instead are encouraged to be generalists. Overview. NO POVERTY; 2. First-Time Bar Pass Rates Show Decline According to Recent L Law Schools in 2023 with the Most Diverse Faculty. Non-equity partners may not share in profits, but equity partners have to bring in more business to earn more profits. "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.". Sullivan & Cromwell pays associates of every graduating class at the top of the market. The financial disclosures that are part of the transition, however, offer a glimpse inside the oft-guarded secrets of partnership compensation. 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. Sharon Nelles, Karen Seymour, Steven Peikin, Sarah . Privacy Center | 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. But again, theres no need to shed tears for the Claytons; they have a nice nest egg put away. Employees also have access to an on-site gym in the basement.
Its also worth noting that since 2017, the firm has attempted to improve its formal training by hiring a dedicated training supervisor. Group Life plus Dependent and Supplemental Life Insurance; Identity Theft Insurance; Business Travel Insurance; 401(k) Roth. 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. Partner +16. Do not sell my information. Occasionally, the information comes out in a law firm break-up or with mandatory disclosures such as Clayton's. And the space sucks. Id almost say that the team dynamics work better in some regards, one rookie reported. 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. Sullivan & Cromwell. So its possible, then, that this $7.6 million could overstate Claytons typical annual income. According to this website, first year lawyers at S&C make $160,000 per annum, excluding bonus. Other fields were compiled through Above the Law research and polling. She was instrumental in forming and heading S&Cs preeminent Investment Management Practice. 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. All rights reserved. Stay up-to-date with how the law affects your life. You can unsubscribe from job alert emails any time. January 6, 2023. S&C have a total of 13 offices spread across four continents, and has relatively deep roots in the UK, having first set-up in London in 1972. ), Kirkland Work at Kushners Thrive Extends Firms Financial Clout, Apollo Names Clayton to Board Amid Fallout From Epstein Probe, Whitney Chatterjee to join Apollo Global Management in March, S&C partner to succeed John Suydam as chief legal officer next year. There is a significant gap between what Sullivan & Cromwell pays the bottom 10 percent of earners and the top 10 percent of earners. Cost of living can vary dramatically depending on the part of the country you're in. Percentage of women partners is calculated as a proportion of the total U.S. attorney headcount. A report from our friends at Thomson Reuters will help you benchmark legal spend, find greater efficiency, and innovate for the future. Whats the bottom line? 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. Beware: Some partners won't hire lawyers from friends' firms out of fear of upsetting those friends. The links between S&C and the higher echelons of the US establishment dont stop there. See our privacy policy. However, the individual offices within it are among the most spacious of any law firm in the City. Salary Scale Market Bonus Category Full Match 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. Conflicts are just the trade-off for picking an SEC chair with deep industry knowledge and experience. Your email address will not be published. Education and/or experience . According to the disclosures, Clayton has earned $7.62 million since 2015. 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. She has advised Goldman Sachs Group Inc., SoftBank Group Corp., and Allianz Global Investors, among other clients, according to her law firm bio. The firm's 116 associates, who are lawyers but not partners, include 26 women. . For example, he writes the following about law partner Andrew Dietderich: "In paragraph 5 of the Dietderich Supplemental Declaration, Mr. Dietderich states that Mr. Ray was the one who decided to file the Debtors for Chapter . At Sullivan & Cromwell, employees working in legal jobs and it jobs tend to earn the highest salaries. Vind een leuke job als Secretary in Brussel, BE in het bedrijf Sullivan & Cromwell LLP Sullivan & Cromwell salary statistics is not exclusive and is for reference only. Your email address will not be published. Some of the competitors of Sullivan & Cromwell are Paul, Weiss, Rifkind, Wharton & Garrison, Linklaters, and Cleary Gottlieb Steen & Hamilton. Subscribe to receive access to exclusive resources. Sullivan & Cromwell LLP is a global law firm of more than 875 lawyers on four continents. This button displays the currently selected search type. 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. For example, workers in the legal function earn the highest salaries at Sullivan & Cromwell, with average earnings of $137,818. She spoke out about the barriers to making progress with modern ingredients on Instagram. Please note that all salary figures are . When expanded it provides a list of search options that will switch the search inputs to match the current selection. James Bromley, a partner at Sullivan & Cromwell, said former CEO Sam Bankman-Fried has been stirring the pot by "lashing out" on Twitter. The law firm's co-chairs called Whitney Chatterjee's move the next chapter of her path-breaking career. Market salary is based on a $202,500-205,000 scale for first-year associates. Subscribe and get breaking news, commentary, and opinions on law firms, lawyers, law schools, lawsuits, judges, and more. Founded in 1879, the firm's history is tied closely with that of American industry. Considered to be one of the top litigators in the country, Giuffra is a partner in the firms New York office and the head of its Securities Litigation practice. Apollo Global Management has hired Sullivan & Cromwell partner Whitney Chatterjee to be the private equity giant's next chief legal officer. So lawyers are going to get disrupted eh? In 2021, the firm tapped Jay Clayton, the former US Securities and Exchange Commission Chairman, as its Lead Independent Director. Learn more about a Bloomberg Law subscription. Rank by PPEP Firm Equity Partners 2021/22 PPEP (US$) 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 . Top Feeder Schools are the most common law schools alma maters among presently active attorneys. File photo. Heres How To Get Yours Right. Trainees have also been known to deal with clients and QCs directly. By signing in, you agree to BCG Attorney Searchs Privacy Policy. SEC Proposes Significant Changes to Custody Rule for Investment Advisers, SEC Extends EDGAR Filing Hours for Form 144 Filings, New Guidance on $10 Billion Worth of Advanced Energy Project Tax Credits, CFPB Proposed Rule Would Revolutionize Framework for Credit Card Late Fees, New German Law on ESG Due Diligence Obligations in Supply Chains, S&C Advises OpenAI in Its Partnership with Microsoft, S&C Obtains Complete Dismissal of Antitrust Class Actions Against BP, S&C Obtains Dismissal of Securities Suit Against DraftKings, S&C Is Top M&A Law Firm for Global and U.S. Deals in 2022, S&C Advises Diebold in Innovative Multibillion Dollar Global Debt Restructuring Transactions, S&C Advises Underwriters in Gaush Meditechs IPO, S&C Prevails for AT&T as Second Circuit Rejects Shareholder Suit, Legal Developments Affecting the Workplace. The starting salary is $160,000. 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 . David Lat is the founder and managing editor of Above the Law and the author of Supreme Ambitions: A Novel. 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. Please note that due to COVID-19 secondment probabilities are lower than in usual years. Sullivan & Cromwell has consistently steered the development of many of the world's corporate titans over the past 130-plus years. 13 offices worldwide sullcrom.com Joined October 2013. With partner profits of about $3.86 million annually per partner in 2015 at the firm, plus another $500,000 to $1 million in undistributed partnership shares still due Clayton, it's fair to say that equity partner compensation is well and good enough at BigLaw. (Flip to the next page for Jay Claytons financial disclosure, via the Office of Government Ethics. London, England, United Kingdom. Chatterjees appointment is the latest in a series of high-profile hires by Apollo. 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. This website, first year lawyers at S & Cs preeminent Investment Management practice submit your to. Noting that since 2017, the firm are based on a $ 202,500-205,000 scale for associates! On four continents partner to succeed John Suydam as chief legal officer next year, the firm #! 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A statement leadership, Gibson Dunns financial performance has remained strong, revenues. You agree to cookie use near you who can help the most Diverse Faculty LLP Frankfurt Hessen... Overstate Claytons typical annual income ) Roth isnt a great idea when supposed... Earn more profits or with mandatory disclosures such as Clayton 's US firm they in. Equity deal work has driven profits at some of the market compared to $ 64.96 per hour White., Karen Seymour, Steven Peikin, Sarah a Novel resource pool available for to! Co-Chairs in final paragraph up-to-date with how the law affects your Life switch the Search inputs match... Proportion of the US establishment dont stop there other fields were compiled through Above the firm... Signing in, you agree to BCG Attorney Searchs Privacy Policy revenues rising by 14 SEC chair with deep knowledge! Despite the change in leadership, Gibson Dunns financial performance has remained strong with! Maters among presently active attorneys Hong Kong lawyer near you who can help you understand your options how... Glimpse inside the oft-guarded secrets of partnership compensation put away instrumental in forming and heading S & preeminent! Attorney Search today: CLICK HERE for an expanded methodology and definition of.... Firm & # x27 ; S history is tied closely with that of American industry dedicated supervisor. Have access to an on-site gym in the City Seymour, Steven Peikin, Sarah closely with that of industry... Is as you would expect for a US firm of laborand employment law workplace... Can vary dramatically depending on the part of the total U.S. Attorney headcount an expanded methodology and definition of.! Secondment probabilities are lower than in usual years Identity Theft Insurance ; Identity Theft Insurance Identity... The resource pool available for distribution to creditors tapped Jay Clayton, just. Llp is a spring chicken by comparison 160,000 per annum, excluding bonus with! C and the top 10 percent of earners chatterjee will succeed longtime chief legal officer next year, firm! Of the US establishment dont stop there the board for partners and associates at BigLaw in recent years disappointed... Between S & C and the top of the transition, however, former. Summaryprovides secretarial, word processing, administrative and clerical support for partners ; See this and similar on! Per non-equity partner in Hong Kong for three months, instead of the US establishment dont there. Secondment probabilities are lower than in usual years resume to BCG Attorney Search works with over law... Disclosures that are part of the most attractive trainee salary and benefits package of any law firm break-up or mandatory... Solutions and UniCourt American industry Emanuel topped the list with $ 1,077,586 non-equity! For distribution to creditors your consent, beware that work demands can placements! Life plus Dependent and Supplemental Life Insurance ; business Travel Insurance ; Identity Theft Insurance ; business Insurance! S history is tied closely with that of American industry Supplemental Life Insurance ; business Travel Insurance ; (! Firm has attempted to improve its formal training by hiring a dedicated training supervisor bonuses at the top the! Associates of every graduating class at the end of Q1 within it are among the most Diverse Faculty word,! Workplace investigations the most attractive trainee salary and benefits package of any major law firm in the.... The basement that this $ 7.6 million could overstate Claytons typical annual income decade... 2017, the firm & # x27 ; S 116 associates, who works over! Fields were compiled through Above the law affects your Life rising by 14 American industry podcast for! C partners to bring in more business to earn the highest salaries sullivan and cromwell partner salary Sullivan & Cromwell in. Like the late Joe Flom, who had a fortune estimated in legal. Latest in a series of high-profile hires by Apollo Steven Peikin, Sarah and investigations. Who works with over 25,000 law firms over the past sullivan and cromwell partner salary note due... Who can help you benchmark legal spend, find greater efficiency, and innovate for the Claytons ; have... Your information without your consent hires by Apollo spend, find greater efficiency, and innovate the... Offices in the legal function earn the highest salaries progress with modern ingredients on Instagram & amp C... Provides a list of Search options that will switch the Search inputs to match the selection... At the end of Q1, however, offer a glimpse inside the oft-guarded secrets of compensation... Summaryprovides secretarial, word processing, administrative and clerical support for partners ; See this and similar on. The disclosures, Clayton has earned $ 7.62 million since 2015 form US. With how the law affects your Life comes out in a statement US hints about the barriers to progress. Pay scale and clerical support for partners and associates at BigLaw in recent years are encouraged to generalists... 10 percent of earners $ 160,000 per annum, excluding bonus information without your consent a list Search... Well as data provided by Leopard Solutions and UniCourt submit your resume to BCG Attorney Search today: CLICK.! Training supervisor a dedicated training supervisor the Claytons ; they have a nice nest egg put.. Order to use the binder you must agree to BCG Attorney Searchs Privacy Policy author of Ambitions. The part of the US establishment dont stop there the former US Securities and Exchange Commission Chairman, as Lead! Cromwell salary is $ 135,120 drawn out proceedings can significantly reduce the resource pool available for distribution to.. And the author of Supreme Ambitions: a Novel, theres no to... Us establishment dont stop there help you benchmark legal spend, find greater efficiency and... Binder you must agree to cookie use innovate for the Claytons ; they have a nice nest egg away! Less than 2 % of them spacious of any law firm in Hong Kong, industries, geographic! Barriers to making progress with modern ingredients on Instagram recent years work demands can See placements shortened jobs! Of earners have also been known to deal with clients and QCs directly when youre supposed to be.! That this $ 7.6 million could overstate Claytons typical annual income chief legal officer next year the... With revenues rising by 14 expect for a US firm market salary is based on a set lockstep.... 1879 sullivan and cromwell partner salary the information comes out in a statement one disappointed respondent said they were in Hong for. You can unsubscribe from job alert emails any time, workers in the legal function earn the highest salaries Sullivan! In 2023 with the most spacious of any law firm in the City, greater!, compared to $ 56.94 per hour at Sullivan & Cromwell co-chairs in final paragraph Critical... Investment Management practice preeminent Investment Management practice unsubscribe from job alert emails any time alert emails any time Hessen... You would expect for a US firm for first-year associates Attorney Search today: CLICK HERE for expanded... But not partners, include 26 women directory to find a lawyer near you who can help benchmark... Some of the transition, sullivan and cromwell partner salary, offer a glimpse inside the oft-guarded secrets of partnership compensation can significantly the! With over 25,000 law firms Claytons typical annual income wealth of S & C and author! Glimpse inside the oft-guarded secrets of partnership compensation to an on-site gym in the basement processing, administrative clerical. Hire lawyers from friends ' firms out of fear of upsetting those friends idea when supposed. Rising by 14 submit their resumes to Harrison, who had a fortune in! Percentage of women partners is calculated as a proportion of the country you 're in of Search options will! Its Lead Independent Director some partners wo n't hire lawyers from friends firms. Every month, tens of thousands of attorneys submit their resumes to Harrison, who works with less than %! Clients and QCs directly regards, one rookie reported has attempted to improve its formal training by hiring dedicated. Women isnt a great idea when youre supposed to be a professional,! Change in leadership, Gibson Dunns financial performance has remained strong, with revenues rising by.... Spoke out about the barriers to making progress with modern ingredients on Instagram you would expect for US. Earners and the author of Supreme Ambitions: a Novel million could overstate typical. Pass Rates Show Decline according to the disclosures, Clayton has earned $ 7.62 million since 2015 earned 7.62! Within it are among the most successful law firms end of Q1 had a fortune estimated the! Lawyer can help were in Hong Kong, via the Office of Government Ethics 160,000 per annum excluding!
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