A free inside look at Sullivan & Cromwell salary trends based on 18 salaries wages for 12 jobs at Sullivan & Cromwell. Sullivan & Cromwell salaries are collected from government agencies and companies. The firm's 116 associates, who are lawyers but not partners, include 26 women. Every month, tens of thousands of attorneys submit their resumes to Harrison, who works with less than 2% of them. And the space sucks. Just How Rich Is Mary Jo White, Debevoise Partner and Likely Future SEC Chair? All offices in the United States have the same pay scale. JD Journal reported last year that the average salary for non-equity partners was about $900,000 at the top ten law firms. While the the number of equity partnerships has decreased, the non-equity partners still have made healthy salaries. A BCG Attorney Search 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. Finance is the second-lowest paying organizational function at Sullivan & Cromwell, where the workers earn $84,930 per year. At Sullivan & Cromwell, the employees are paid different salaries depending on their location. Heres How To Get Yours Right. Firm listings reflect ATL research and information received. (OBrien left the firm under mysterious circumstances in the spring of 2009, and he subsequently pleaded guilty to federal tax offenses.). You can unsubscribe from job alert emails any time. AOC Wants To Get Americans Access To Better Sunscreen, Partners Should Not Fear Their Friends When Making Hiring Decisions. It was especially difficult to figure out during the down years, but some trends emerged. Trademark Paralegal (3-12 years of experience) USA-CA-San Francisco. Your email address will not be published. The Firm offers competitive compensation, a variety of benefits, deep concern for the quality of the work environment, respect for the individual needs of . So lawyers are going to get disrupted eh? Vind een leuke job als Secretary in Brussel, BE in het bedrijf Sullivan & Cromwell LLP Suydam will remain at Apollo as a Senior Advisor and Partner. BCG Attorney Search works with over 25,000 law firms. That represents his "partnership share for 2016 and 2017 received up to the date of filing," which was in January. 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. 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. Depends on the stage of the transaction. Subscribe and get breaking news, commentary, and opinions on law firms, lawyers, law schools, lawsuits, judges, and more. All of the present partners are . Sullivan & Cromwell has consistently steered the development of many of the world's corporate titans over the past 130-plus years. 2023 BCG Attorney Search. I am thrilled and honored to be taking the helm of Sullivan & Cromwell LLP's global M&A practice. Our data shows that Sullivan & Cromwell employees in New York, NY get paid the most, where the average yearly pay is $155,053. 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. Has anyone tried putting Florida in a bag of rice for a couple days? 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. She has advised Goldman Sachs Group Inc., SoftBank Group Corp., and Allianz Global Investors, among other clients, according to her law firm bio. Founded in 1879, the firm's history is tied closely with that of American industry. The starting salary is $160,000. The average estimated annual salary, including base and bonus, at Sullivan & Cromwell LLP is $118,421, or $56 per hour, while the estimated median salary is $116,449, or $55 per hour. Registered in England and Wales with Company Number 08037587. Sometimes it gets extremely busy, so there is not much balance. This small group are given plenty of responsibility from the start. Based in New York, Chatterjee is head of the investment management practice at Sullivan & Cromwell. This assistance is provided on the basis that prospective trainees join us after passing the PCLL . Sullivan & Cromwell average salary is $180,154, median salary is $180,000 with a salary range from $75,000 to $305,000. At FindLaw.com, we pride ourselves on being the number one source of free legal information and resources on the web. What Do Millennials Think Of Law Firm Life? There is a significant gap between what Sullivan & Cromwell pays the bottom 10 percent of earners and the top 10 percent of earners. Cohen focuses his 50 years of experience on acquisition, regulatory, enforcement, and securities law matters for domestic and international banks, financial institutions, and their trade associations. Kind of a Big Deal. Registration or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. 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. A full update will occur at the end of Q1. Veteran dealmaker Jay Clayton has been nominated by President Donald Trump to serve as chair of the Securities and Exchange Commission. The former chairman of the US Securities and Exchange Commission (SEC) was an S&C partner before being nominated by the-then President Donald Trump. Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. The New York Times revealed that BigLaw firms were culling partners by not promoting associates or by naming more non-equity partners in the downturn. 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. 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. Copyright 2022, Thomson Reuters. This site is protected by The process took 2 months. The Law Firm Transparency Project draws upon Above the Law research as well as data provided by Leopard Solutions and UniCourt. Apollo in 2021 tapped Jay Clayton, the former US Securities and Exchange Commission chairman, as its lead independent director. Check it out here. ZERO HUNGER; 3. We offer the most attractive trainee salary and benefits package of any major law firm in Hong Kong. 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 base salary range offered for this role will be between $80,000 and $90,000. Clayton is also a senior policy advisor and of counsel at Sullivan & Cromwell, where he held leadership positions before his SEC stint. Bonuses are typically awarded in December of each year. Sure like the late Joe Flom, who had a fortune estimated in the low nine figures. Both are demanding to work for. In December 2011, the firm awarded year-end bonuses that matched the 2011 . Occasionally, the information comes out in a law firm break-up or with mandatory disclosures such as Clayton's. At Sullivan & Cromwell, employees working in legal jobs and it jobs tend to earn the highest salaries. Chatterjee, a law firm Sullivan & Cromwell partner, will join Apollo next month as General Counsel, covering the firms asset management and retirement services businesses. The roof terrace is a pleasant spot for lunch in the summer. 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 . Sullivan & Cromwell pays $64.96 an hour, on average. "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.". How much does a partner at Gibson Dunn make? All offices in the United States have the same pay scale. Sullivan & Cromwell pays associates of every graduating class at the top of the market. Like most US firms, trainees are expected to get stuck in and learn on the job. Please adjust your search and try again. Employees also have access to an on-site gym in the basement. $14 to $21 per hour 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 again, theres no need to shed tears for the Claytons; they have a nice nest egg put away. Wow! 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. Jobs Mitglied werden Einloggen Clemens Rechberger Partner at Sullivan & Cromwell LLP Frankfurt, Hessen, Deutschland. This search term may not be submitted alone. By signing in, you agree to BCG Attorney Searchs Privacy Policy. 30 min phone screen with recruiter followed by 4, 30 minute zoom interviews with HR and program managers. Salaries posted anonymously by Sullivan & Cromwell employees. Let's hope this . The firm Sullivan & Cromwell(S&C), did $8.5 million of work for FTX ,16 Reetika Mukherjee on LinkedIn: FTX Lawyers Sullivan & Cromwell Bill $7.5M for First 19 Days' Bankruptcy Chatterjee will succeed longtime chief legal officer John Suydam starting next year, the company said Thursday in a statement. In December 2011, the firm awarded year-end bonuses that matched the 2011 . Frank Cordell's music score is good, maybe not as rousing as a score by Erich Korngold, but it does have some nice instrumental interludes. Cromwell Middle School. The lowest-paid workers at Sullivan & Cromwell make less than $77,000 a year, while the highest-paid workers earn over $236,000. By Cheyenne Ligon. Salaries posted anonymously by Sullivan & Cromwell employees in Miami Shores, FL. Firm Name Sullivan & Cromwell LLP U.S. Lawyer Headcount 619 Headcount Change Since 2016. The data is from the most recent survey that Sullivan & Cromwell took part in. 2023 Breaking Media, Inc. All rights reserved. Overview. about FindLaws newsletters, including our terms of use and privacy policy. The average salary for Sullivan & Cromwell Llp employees is $78,587 per year. Big Law/Private Practice Jobs; Public Interest & Government; Alternative Careers; Lateral Moves; Interview Tips; Resume Tips; Underrepresented Lawyers and Students. Find the complete library of podcast episodes for Critical Insights. David Lat is the founder and managing editor of Above the Law and the author of Supreme Ambitions: A Novel. 43,762 followers. Those who cant manage multiple deadlines should look elsewhere. The Leopard Law Firm Index is a unique and powerful resource for assessing the relative health of 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. UniCourt data is the source for Most Common Federal Case Types, Most Active Federal Jurisdictions, and Most Frequent Federal Litigation Clients. Apollo Taps Sullivan & Cromwell Partner as Next Top Lawyer, Trademark Paralegal (3-12 years of experience). 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. Whilst London is the firms second-largest office, its 80 or so fee-earners pale in comparison with the 550 at the New York headquarters. Trump SEC Pick Made Millions Representing Banks, Hedge Funds, SEC Chairman-Designate Pretty Much Gonna Take His First Year On The Job Off, Trumps S.E.C. The Law Firm Transparency Project draws upon Above the Law research as well as data provided by Leopard Solutions and UniCourt. Homeland Security Privacy Ch Steptoe & Johnson Law Firm Achieves Revenue Growth Desp Reed Smiths New Leader Targets Expansion into Additio Venable Expands FDA Group in Washington with Addition of Par East Palestine Train Derailment Draws Lawyers: Information S Paul Hastings Hires Partner Specializing in Securities Litig Federal Judge Investigated for Ordering Handcuffing of 13-Ye Jenner & Block Expands DC Office and Appoints First Fem Supreme Court to Review Cases on Criminal Sentencing and App Shareholders Sue Tesla and Musk for Allegedly Misleading Cla Sullivan & Cromwell Partner Selected as Apollos New Chief Legal Officer, Motorola Solutions Appoints Experienced Executive as Chief Legal Officer, Latham & Watkins Adds Leading Corporate Lawyer, Debevoise & Plimpton, Sullivan & Cromwell, and Simpson Thacher & Bartlett Roll Out Special Fall Bonuses, Paul Hastings Hires Partner Specializing in Securities Litigation, Finnegan Law Firm Welcomes U.S. 1 salaries for 1 jobs at Sullivan & Cromwell in Miami Shores, FL. Our latest Insights outlines new tax credits for qualifying advanced U.S. energy projects. 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. SummaryProvides secretarial, word processing, administrative and clerical support for Partners;See this and similar jobs on LinkedIn. Save my name, email, and website in this browser for the next time I comment. Sullivan & Cromwell has consistently steered the development of many of the world's corporate titans over the past 130-plus years. S&C is a sponsor of SIFMA's C&L Annual Seminar, taking place from March 12 to 15 in San Diego. Sullivan & Cromwell. The other side of this work is the unpredictable hours and weekend working that it necessitates. Salaries at Sullivan & Cromwell can vary depending on the department or organizational function. 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. Overview Overview 213 Reviews 2 Jobs 555 Salaries 76 Interviews 32 Benefits -- Photos. Jan 20, 2023 at 5:01 p.m. UTC. Salaries and bonuses at the firm are based on a set lockstep system. Jay Clayton, a partner at Sullivan & Cromwell, is at the top of his game and it says something about being a partner in BigLaw. A financial disclosure form gives us hints about the wealth of S&C partners. Each salary is associated with a real job position. 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. 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. More Americans Are . Referrals increase your chances of interviewing at Sullivan & Cromwell LLP by 2x See who you know Get notified about new Information Technology Security Analyst jobs in New York, NY . Stay informed. Market salary is based on a $202,500-205,000 scale for first-year associates. 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. 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. This work translates into huge profits. The work/life balance is as you would expect for a US firm. Source data is as published in The American Lawyer and is not independently verified or audited. NO POVERTY; 2. Chatterjee will succeed longtime chief legal officer John Suydam starting next year, the company said Thursday in a statement. Privacy Center | 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. 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. Registration or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Visit our topic-specific Resource Hubs for recent information. The initial screening was very easy and focused heavily on your college experiences/major. Average lawyer tenure refers to the average time employed at the firm of presently active attorneys. Sullivan & Cromwell LLP. Content may include attorney advertising. 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. Company reviews . Some of the job titles with high salaries at Sullivan & Cromwell are associate, job counselor, lawyer, and document review attorney. Id almost say that the team dynamics work better in some regards, one rookie reported. 4. The average salary for a Partner Secretary is $41,447 per year in United States, which is 14% lower than the average Sullivan & Cromwell salary of $48,273 per year for this job. Please enter a search term or select a suggested term from the list. These fields are based on the quantity of federal cases. As Apollo continues to grow and diversify, Chatterjees expertise will be invaluable in ensuring that the firm stays on track and complies with regulatory requirements. Log in to access all of your BLAW products. Based in New York, Chatterjee is currently the head of the investment management practice at Sullivan & Cromwell. Learn more A Wall Street street sign is displayed in front of the New York Stock Exchange (NYSE) in New York. Some of the competitors of Sullivan & Cromwell are Paul, Weiss, Rifkind, Wharton & Garrison, Linklaters, and Cleary Gottlieb Steen & Hamilton. Our diverse team of top dealmakers includes That works out to six hours a day 365 days per year. The starting salary is $160,000. Sullivan & Cromwell Partner Selected as Apollo's New Chief Legal Officer. 52 reviews from Sullivan & Cromwell LLP employees about Sullivan & Cromwell LLP culture, salaries, benefits, work-life balance, management, job security, and more. SummaryThe Manager - Business Development works with lawyers and other Business Development staffSee this and similar jobs on LinkedIn. Data was gathered in the first quarter of 2022, and contains some ongoing updates to reflect recent changes. ), 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. No. 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. Do not sell my information. 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. Thisblogis dedicated to the rapidly changing areas of laborand employment law and workplace investigations. Geographic location can impact the pay for employees at Sullivan & Cromwell as well. Cost of living can vary dramatically depending on the part of the country you're in. Top Lawyer, trademark Paralegal ( 3-12 years of experience ) overview overview sullivan and cromwell partner salary Reviews 2 jobs 555 76. Chair of the market are associate, job counselor, Lawyer, and website in this for! Independent director trends emerged of Supreme Ambitions: a Novel followed by 4, 30 minute interviews! Qualifying advanced U.S. energy projects Company said Thursday in a statement of Above the law research well. December of each year bonuses are typically awarded in December 2011, information... Change Since 2016 employees is $ 78,587 per year Times revealed that firms... As data provided by Leopard Solutions and UniCourt Business Development works with lawyers and other Business Development staffSee and... Lawyers and other Business Development staffSee this and similar jobs on LinkedIn of presently Active attorneys C partners they a. 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Decreased, the firm & # x27 ; s New chief legal officer New chief legal officer office its... That of American industry average time employed at the top ten law firms Securities!