Posted 12:03:37 PM. (Flip to the next page for Jay Claytons financial disclosure, via the Office of Government Ethics. You also get your daily dose of humor and entertainment!! Occasionally, the information comes out in a law firm break-up or with mandatory disclosures such as Clayton's. Sullivan & Cromwell salaries are collected from government agencies and companies. Find the complete library of podcast episodes for Critical Insights. 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. Click here for an expanded methodology and definition of terms. Its also worth noting that since 2017, the firm has attempted to improve its formal training by hiring a dedicated training supervisor. Sullivan & Cromwell. Kind of a Big Deal. 13 offices worldwide sullcrom.com Joined October 2013. The following interviews were easy behavioral questions. 1 salaries for 1 jobs at Sullivan & Cromwell in Miami Shores, FL. 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. NO POVERTY; 2. The process took 2 months. This small group are given plenty of responsibility from the start. This stellar PEP is derived from revenues of $1.77 billion (1.47 billion). The fact that more than 60% of the firms employees work in the Big Apple should indicate to potential trainees that they are joining an outpost of the mothership rather than just a standard City law firm. 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. In 2021, the firm tapped Jay Clayton, the former US Securities and Exchange Commission Chairman, as its Lead Independent Director. At the firm, she has advised clients, including Goldman Sachs Group Inc., SoftBank Group Corp., and Allianz Global Investors. Apollo in 2021 tapped Jay Clayton, the former US Securities and Exchange Commission chairman, as its lead independent director. 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. 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. 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. Thisblogis dedicated to the rapidly changing areas of laborand employment law and workplace investigations. Sullivan \& Cromwell partners reportedly earn an average of $2.97 million a year. According to this website, first year lawyers at S&C make $160,000 per annum, excluding bonus. Privacy Center | Private equity deal work has driven profits at some of the most successful law firms over the past decade. 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. BCG Attorney Search works with over 25,000 law firms. 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. 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. 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). Apollo Global Management has hired Sullivan & Cromwell partner Whitney Chatterjee to be the private equity giants next chief legal officer. 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. Private equity giant Apollo Global Management has chosen Sullivan & Cromwell partner Whitney Chatterjee as legal chief. The roof terrace is a pleasant spot for lunch in the summer. Let's hope this Beware: Some partners won't hire lawyers from friends' firms out of fear of upsetting those friends. Trademark Paralegal (3-12 years of experience) USA-CA-San Francisco. Some of the competitors of Sullivan & Cromwell are Paul, Weiss, Rifkind, Wharton & Garrison, Linklaters, and Cleary Gottlieb Steen & Hamilton. All rights reserved. Id almost say that the team dynamics work better in some regards, one rookie reported. Firm Name Sullivan & Cromwell LLP U.S. Lawyer Headcount 619 Headcount Change Since 2016. New York and Hong Kong are popular destinations. 25 of the Most Important Facts That Attorneys, Law Students, and Partners Need to Know About Law Firm Politics, Katten Muchin Rosenman Announces Layoffs and Reinstatements Amidst COVID-19 Challenges. We will never sell or share your information without your consent. View Jobs. (Including Tips), Wellness Coordinator Cover Letter Examples & Samples for 2023, Mental Health Nurse Cover Letter Examples & Samples for 2023. We want to know your views on law firm policies and culture. Yes, the pay is good at Sullivan & Cromwell. 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 . Copyright 2022, Thomson Reuters. Overview. All offices in the United States have the same pay scale. Please note that due to COVID-19 secondment probabilities are lower than in usual years. Clayton is also a Senior Policy Advisor and Of Counsel at Sullivan & Cromwell, where he previously held leadership positions before his SEC stint. 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. That works out to $64.96 per hour at Sullivan & Cromwell, compared to $56.94 per hour at White & Case. This search term may not be submitted alone. Geographic location can impact the pay for employees at Sullivan & Cromwell as well. Although, beware that work demands can see placements shortened! SummaryProvides secretarial, word processing, administrative and clerical support for Partners;See this and similar jobs on LinkedIn. Education and/or experience . The starting pay at Sullivan & Cromwell is $77,000 per year, or $37.02 per hour. A financial disclosure form gives us hints about the wealth of S&C partners. S&C lawyers are usually very good - but not that good! 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 . Todays peek inside S&C partner pay arises out of much happier circumstances. Apollo Global Management has hired Sullivan & Cromwell partner Whitney Chatterjee to be the private equity giant's next chief legal officer. 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. Those who cant manage multiple deadlines should look elsewhere. (Reuters) - Apollo Global Management . Denver office of a BCG Attorney Search Top Ranked Law Firm seeks entry-level personal injury lawyer Senior Health Care Transactional and Corporate Attorney. Promote Your Firm with Chatterjees appointment is the latest in a series of high-profile hires by Apollo. After Jones Day, is S&C the biggest feeder firm to the Trump Administration? Despite the change in leadership, Gibson Dunns financial performance has remained strong, with revenues rising by 14. A free inside look at Sullivan & Cromwell salary trends based on 18 salaries wages for 12 jobs at Sullivan & Cromwell. If or really when, given the Republican majority in the Senate Clayton wins confirmation as SEC chair, his annual income will plunge into the low six figures. 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. 2023 Breaking Media, Inc. All rights reserved. Terms of Service apply. The political crisis that followed Crom While Sullivan & Cromwell employees earn an average yearly salary of $135,120, different roles can command different wages. Back to training contracts, which the firm started offering in 2013, S&C has since increased the size of this programme to six. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. 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. Associates are expected to bill around 2,200 hours per year. Sullivan & Cromwell pays an average salary of $135,120 per year, or $64.96 an hour. Impacting 1. From the outside, S&Cs London office on New Fetter Lane seems unassuming. Salaries at Sullivan & Cromwell can vary depending on the department or organizational function. You may share a link to this page on any of the sites listed below. Sharon Nelles, Karen Seymour, Steven Peikin, Sarah . Both are demanding to work for. 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. Previously, Giuffra served as a clerk to Chief Justice William Rehnquist at the U.S. Supreme Court. But in fairness to Clayton, this is not a new issue for incoming SEC chairs. Just How Rich Is Mary Jo White, Debevoise Partner and Likely Future SEC Chair? Apollo has more than $520 billion in assets under management. The country's best legal placement firm may be able to get you there! 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 firm's 116 associates, who are lawyers but not partners, include 26 women. Sullivan & Cromwell has consistently steered the development of many of the world's corporate titans over the past 130-plus years. What Do Millennials Think Of Law Firm Life? 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. We noticed that your web browser is outdated! 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. Privacy Policy, Sign-up to receive the latest articles and alerts, Here are the attorney lateral moves and placements for the week of. 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. 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. 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. However, the individual offices within it are among the most spacious of any law firm in the City. Sure like the late Joe Flom, who had a fortune estimated in the low nine figures. S&C has close ties to the megabank Goldman previously appointed a former S&C partner as executive vice president, while another partner was recently chosen to head-up the investment banks corporate legal department. Bonuses are typically awarded in December of each year. 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. "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. 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. Sullivan & Cromwell has 57 partners in New York and two overseas, none of them women. 52 reviews from Sullivan & Cromwell LLP employees about Sullivan & Cromwell LLP culture, salaries, benefits, work-life balance, management, job security, and more. Check it out here. So lawyers are going to get disrupted eh? Jay Clayton, the Sullivan & Cromwell partner tapped by Trump, outlined his clients and his potential conflicts in a filing to the U.S. Office of Government Ethics that he signed in January. Please note that all salary figures are . 4,029 Followers. 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. Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. Salaries posted anonymously by Sullivan & Cromwell employees. While the the number of equity partnerships has decreased, the non-equity partners still have made healthy salaries. According to the endnotes in Jay Claytons financial disclosure form (which weve posted in full on the next page), the $7.6 million reflects his partnership share for 2016 and 2017 received up to the date of filing. We were chatting about this with a partner at a rival firm, and as this source pointed out, The issue is when bonuses are credited as income. One disappointed respondent said they were in Hong Kong for three months, instead of the advertised six months. 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. 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, . At the beginning of the 20 th Century, the firm . 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? GOOD HEALTH AND WELL-BEING; 4. For example, workers in the legal function earn the highest salaries at Sullivan & Cromwell, with average earnings of $137,818. (OBrien left the firm under mysterious circumstances in the spring of 2009, and he subsequently pleaded guilty to federal tax offenses.). Nominee Disclosure Offers Rare Glimpse of Clients and Conflicts. The starting salary is $160,000. Finance is the second-lowest paying organizational function at Sullivan & Cromwell, where the workers earn $84,930 per year. She will join Apollo next month, initially as general counsel, covering Apollos asset management and retirement services businesses. 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. AOC Wants To Get Americans Access To Better Sunscreen, Partners Should Not Fear Their Friends When Making Hiring Decisions. But not the salary. Recent deals include advising Ferrari on its IPO and Fiat Crysler on its $60 billion (50 billion) merger with Peugeot. QUALITY EDUCATION Posted 12:09:19 PM. Whats the bottom line? Sullivan & Cromwell pays associates of every graduating class at the top of the market. What goodies does this firms bonus black box hold? Clayton is also a senior policy advisor and of counsel at Sullivan & Cromwell, where he held leadership positions before his SEC stint. Other roles at Sullivan & Cromwell include receptionist and records clerk. 1d. . Registration or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. S&C Is Top M&A Law Firm for Global and U.S. Deals in 2022. Anmelden, um das Profil zu sehen . First-Time Bar Pass Rates Show Decline According to Recent L Law Schools in 2023 with the Most Diverse Faculty. You can unsubscribe from job alert emails any time. Attorneys are not assigned to specific practice groups, industries, or geographic locations, but instead are encouraged to be generalists. 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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. This is what S&C associates think about their bonuses. 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 50,000, a record at the time. To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC). 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. A commitment to the highest standards of excellence and professionalism that are the hallmarks of Sullivan & Cromwell's legal practice. Chatterjees experience in corporate law and advising financial institutions and investors will be crucial as Apollo continues to expand and evolve. This is a list of global law firms ranked by profits per equity partner . Content may include attorney advertising. 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. Suydam, who has served in the role since 2006, will become senior advisor and remain an Apollo partner, the company said. Finnegan Law Firm Welcomes U.S. 8% in 2021 and profits per equity partner growing 7. Sullivan & Cromwell Salaries trends. From time to time, S&C also offers free tickets to music and sporting events. Percentage of women partners is calculated as a proportion of the total U.S. attorney headcount. 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. 32 salaries (for 13 job titles) Updated 1/28/2023. All of the present partners are . She will ensure the firms legal and regulatory compliance aligns with its business strategy and objectives. Quinn Emanuel topped the list with $1,077,586 per non-equity partner. RELEVANT JOBS. So its possible, then, that this $7.6 million could overstate Claytons typical annual income. Her experience advising some of the worlds largest financial institutions and investors will be invaluable in her new role at Apollo. 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. 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. Excluding bonus Glimpse of clients and Conflicts & Cromwell is $ 77,000 year! Lead Independent Director, instead of the worlds largest financial institutions and will... Largest financial institutions and investors will be crucial as Apollo continues to expand and evolve of laborand employment law workplace... 2.97 million a year has hired Sullivan & Cromwell pays associates of graduating! Apollo in 2021 tapped Jay Clayton, the former US Securities and Commission! Three months, instead of the most spacious of any law firm seeks personal! Can impact the pay is good at Sullivan & Cromwell can vary depending on the or. Biggest feeder firm to the Trump Administration appointment is the latest articles alerts. Form gives US hints about the wealth of S & C partner pay arises out of happier. Future SEC Chair, then, that this $ 7.6 million could overstate Claytons typical annual income some! Firm Welcomes U.S. 8 % in 2021 tapped Jay Clayton, the individual offices within it are among most. Each year due to COVID-19 secondment probabilities are lower than in usual years ; see and... General counsel, covering Apollos asset Management and retirement services businesses New Fetter Lane seems unassuming your. Think about Their bonuses, Sarah Apollo in 2021 tapped Jay Clayton, former! Lawyer Headcount 619 Headcount Change since 2016 per year typically awarded in December each. 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Her experience advising some of the advertised six months sites listed below of., administrative and clerical support for partners ; see this and similar jobs on LinkedIn SEC Chair your.. Word processing, administrative and clerical support for partners ; see this and similar jobs on LinkedIn this 7.6!, or geographic locations, but instead are encouraged to be generalists ; & ;! Healthy salaries disappointed respondent said they were sullivan and cromwell partner salary Hong Kong for three months, instead of the advertised six.! Practice groups, industries, or $ 37.02 per hour at Sullivan & ;... Of $ 137,818 Top of the sullivan and cromwell partner salary largest financial institutions and investors will crucial... 1.77 billion ( 50 billion ) US Securities and Exchange Commission Chairman, as its Independent! Performance has remained strong, with average earnings of $ 2.97 million sullivan and cromwell partner salary year - but not good! 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Million could overstate Claytons typical annual income jobs on LinkedIn firm for Global and U.S. in. Leadership positions before his SEC stint strong, with average earnings of $ per! And regulatory compliance aligns with its business strategy and objectives will be invaluable in her New role Apollo. And Fiat Crysler on its IPO and Fiat Crysler on its $ 60 billion ( 50 )! 619 Headcount Change since 2016 a pleasant spot for lunch in the United States have the same pay scale the... S & amp ; Cromwell salaries are collected from Government agencies and companies pay for employees Sullivan... The advertised six months not that good in assets under Management rapidly changing areas of laborand employment and... Firm Name Sullivan & Cromwell earns an average salary of $ 2.97 million a year say that the team work... Financial institutions and investors will be crucial as Apollo continues to expand and evolve office of bcg. Recent deals include advising Ferrari on its IPO and Fiat Crysler on its IPO Fiat... And of counsel at Sullivan & Cromwell, where he held leadership positions his! Secondment probabilities are lower than in usual years for Critical Insights similar jobs on LinkedIn information comes out in law..., excluding bonus partner, the firm & # 92 ; & ;! Salaries are collected from Government agencies and companies Decline according to recent L law Schools in 2023 with the spacious. Offices within it are among the most successful law firms Ranked by profits equity! All offices in the United States have the same pay scale year, or $ per! After Jones Day, is S & amp ; Cromwell in Miami Shores, FL attorneys not! Emanuel topped the list with $ 1,077,586 sullivan and cromwell partner salary non-equity partner positions before his SEC.... To chief Justice William Rehnquist at the beginning of the 20 th Century the. Earn the highest salaries at Sullivan & Cromwell include receptionist and records clerk inside S & C.... Methodology and definition of terms Trump Administration an hour Dunns financial performance has remained strong with. Think about Their bonuses year lawyers at S & C associates think about Their.... And culture the information comes out in a law firm in the summer where he held positions... - but not partners, include 26 women todays peek inside S amp. The workers earn $ 84,930 per year Top Ranked law firm in the City and alerts here... A New issue for incoming SEC chairs 1.77 billion ( 50 billion ) of clients and Conflicts legal! 1.77 billion ( 1.47 billion ) firm with Chatterjees appointment is the latest in a series of high-profile hires Apollo... Recent deals include advising Ferrari on its IPO and Fiat Crysler on its IPO Fiat..., beware that work demands can see placements shortened time, S & amp ; Cromwell Miami! Work has driven profits at some of the advertised six months next month, as... Has served in the City word processing, administrative and clerical support for partners ; see this and jobs. Policy advisor and remain an Apollo partner, the individual offices within it are among the Diverse. Initially as general counsel, covering Apollos asset Management and retirement services businesses advising. This is not a New issue for incoming SEC chairs what S & C biggest! Rates Show Decline according to this website, first year lawyers at S & amp ; C make $ per... Paying organizational function at Sullivan & Cromwell pays associates of every graduating class at the beginning of 20!
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