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. In 2021, the firm tapped Jay Clayton, the former US Securities and Exchange Commission Chairman, as its Lead Independent Director. Save my name, email, and website in this browser for the next time I comment. CoinDesk reports: "Law firm Sullivan & Cromwell billed $7.5 million for work on the FTX bankruptcy case | 27 comments on LinkedIn 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. Cost of living can vary dramatically depending on the part of the country you're in. Associates are expected to bill around 2,200 hours per year. How much do Sullivan & Cromwell employees make? Support partners in their efforts to manage existing and develop new relationships and identify opportunities for implementing business development initiatives in this regard. Chatterjee will succeed longtime chief legal officer John Suydam starting next year, the company said Thursday in a statement. Promote Your Firm with Suydam, who has served in the role since 2006, will become senior advisor and remain an Apollo partner, the company said. New York and Hong Kong are popular destinations. 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. Just How Rich Is Mary Jo White, Debevoise Partner and Likely Future SEC Chair? Apollo Global taps Sullivan & Cromwell partner to lead legal team. The data presented on this page does not represent the view of Sullivan & Cromwell and its employees or that of Zippia. Leaving S&C for the SEC will involve a financial sacrifice, but one that Clayton is more than able to bear. Secondment probabilities 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. 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. 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. 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. 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. Nominee Disclosure Offers Rare Glimpse of Clients and Conflicts. The position will be filled by a partner from Sullivan & Cromwell, a top law firm known for its expertise in corporate law. Every month, tens of thousands of attorneys submit their resumes to Harrison, who works with less than 2% of them. Percentage of women partners is calculated as a proportion of the total U.S. attorney headcount. Sullivan & Cromwell employees earn an average salary of $135,120 in 2023, with a range from $77,000 to $236,000. Sullivan & Cromwell LLP. Conflicts are just the trade-off for picking an SEC chair with deep industry knowledge and experience. Whats the bottom line? Check it out here. Employees working in the it department earn a relatively high salary as well, averaging $105,370 per year. File photo. 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. 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. Acted as project manager for Tricolour Giving initiative, overlooking the functioning and strategic direction of the entire student philanthropy operation of the organization. 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. In-house tech apparently could be better, but remote-working lawyers were allowed to bring their office monitors home during the lockdown. How much does a partner at Gibson Dunn make? Thisblogis dedicated to the rapidly changing areas of laborand employment law and workplace investigations. However, cutting back . Feb 2022 - Present1 year 1 month. 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 . A full update will occur at the end of Q1. A typical associate salary at Sullivan & Cromwell is $216,123 per year. Bonuses are typically awarded in December of each year. . So its possible, then, that this $7.6 million could overstate Claytons typical annual income. Its also worth noting that since 2017, the firm has attempted to improve its formal training by hiring a dedicated training supervisor. The employee data is based on information from people who have self-reported their past or current employments at Sullivan & Cromwell. From the outside, S&Cs London office on New Fetter Lane seems unassuming. 268 Follower: innen 265 Kontakte. The firm had a major role in the founding of Edison General Electric, U.S. Steel, and the financing of the Panama Canal. Sullivan & Cromwell salaries are collected from government agencies and companies. Impacting 1. Other fields were compiled through Above the Law research and polling. After a downturn in the economy, big firms announced increases in starting salaries for new associates to about $180,000 last year and bonuses of up to $100,000 for seasoned associates at the end of the year. The average salary for Sullivan & Cromwell Llp employees is $78,587 per year. According to the disclosures, Clayton has earned $7.62 million since 2015. The likelihood of making partner differs among firms, but the norm seems to be less than one-third of the associates make it. Anmelden, um das Profil zu sehen . 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. Your email address will not be published. The firm founders, Algernon Sydney Sullivan and William Nelson, advised J.P. Morganas in the man himselfduring the creation of Edison General Electric in 1882 and later guided key players . Leopard Solutions is our principal data partner for the Law Firm Transparency Project. Leonard Leo got rich(er) while we lost our rights. Average lawyer tenure refers to the average time employed at the firm of presently active attorneys. You can connect with David on Twitter (@DavidLat), LinkedIn, and Facebook, and you can reach him by email at [email protected]. Jay Clayton, a partner at Sullivan & Cromwell, is at the top of his game and it says something about being a partner in BigLaw. Sullivan & Cromwell has consistently steered the development of many of the world's corporate titans over the past 130-plus years. Other times it gets quiet, so you have time to recharge your batteries. Her experience advising some of the worlds largest financial institutions and investors will be invaluable in her new role at Apollo. Previously, Giuffra served as a clerk to Chief Justice William Rehnquist at the U.S. Supreme Court. Promotion Rate is defined as the percentage of eligible members of an associate class promoted to partnership in the most recent year. Overview Overview 213 Reviews 2 Jobs 555 Salaries 76 Interviews 32 Benefits -- Photos. But not the salary. 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. $14 to $21 per hour Please select at least one search parameter or enter a keyword. We noticed that your web browser is outdated! Content may include attorney advertising. Copyright 2023 Legal Cheek Ltd. All Rights Reserved. Sometimes it gets extremely busy, so there is not much balance. A free inside look at Sullivan & Cromwell salary trends based on 18 salaries wages for 12 jobs at Sullivan & Cromwell. By dividing firm profits by the number of equity partners, one can calculate profits per partner. Ressler routinely handles multi-billion dollar deals for some of the worlds biggest companies across a wide range of industries. GOOD HEALTH AND WELL-BEING; 4. From time to time, S&C also offers free tickets to music and sporting events. His practice focuses on bet-the-company white collar, securities, banking, insurance, tax, and commercial litigation matters. Friedberg also lists what he alleges are numerous false statements made to the court by Sullivan & Cromwell partners. Based in New York, Chatterjee is head of the investment management practice at Sullivan & Cromwell. Cromwell Middle School. Although frequent, much of the instruction is done on an ad hoc basis by more senior colleagues, as and when they can fit it in meaning the quality of training can vary according to who youre working with. 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. Sullivan & Cromwell LLP. S&C partner to succeed John Suydam as chief legal officer next year. 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). Highest Paying Job At Sullivan & Cromwell, Highest Paying Department At Sullivan & Cromwell. Sullivan & Cromwell has 57 partners in New York and two overseas, none of them women. In December 2011, the firm awarded year-end bonuses that matched the 2011 . Stuck Drafting A Tough Brief? By signing in, you agree to BCG Attorney Searchs Privacy Policy. Learn more, Explore legal developments in energy transition topics. All offices in the United States have the same pay scale. 2023 Breaking Media, Inc. All rights reserved. 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? Required fields are marked *. Annual leave is split into 20 days vacation and 4 days floating holiday. Registration or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. SullCrom is more traditional clients and has "old school" prestige, but Latham is pretty up there with more of an international reputation. Visit our topic-specific Resource Hubs for recent information. 1 salaries for 1 jobs at Sullivan & Cromwell in Miami Shores, FL. London, England, United Kingdom. All offices in the United States have the same pay scale. 4 million. Although, beware that work demands can see placements shortened! 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. ZIP Attorneys are not assigned to specific practice groups, industries, or geographic locations, but instead are encouraged to be generalists. 13 offices worldwide sullcrom.com Joined October 2013. 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. A large chunk of S&C trainees complete an international secondment during normal times. Delaware No Swiping! 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. RELEVANT JOBS. Chatterjees appointment is the latest in a series of high-profile hires by Apollo. What Do Millennials Think Of Law Firm Life? 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. 30 min phone screen with recruiter followed by 4, 30 minute zoom interviews with HR and program managers. Salary Scale Market Bonus Category Full Match REUTERS/David Dee Delgado. The Firm offers competitive compensation, a variety of benefits, deep concern for the quality of the work environment, respect for the individual needs of . At FindLaw.com, we pride ourselves on being the number one source of free legal information and resources on the web. The other side of this work is the unpredictable hours and weekend working that it necessitates. She will take up her new role as Chief Legal Officer next year. 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. Delaware No Swiping! A commitment to the highest standards of excellence and professionalism that are the hallmarks of Sullivan & Cromwell's legal practice. sullivan and cromwell partner salary. Salaries and bonuses at the firm are based on a set lockstep system. 8% in 2021 and profits per equity partner growing 7. First-Time Bar Pass Rates Show Decline According to Recent L Law Schools in 2023 with the Most Diverse Faculty. That works out to $64.96 per hour at Sullivan & Cromwell, compared to $56.94 per hour at White & Case. The average Sullivan & Cromwell LLP salary ranges from approximately $55,000 per year for Travel Coordinator to $215,341 per year for Associate. 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. Salary & Benefits. 32 salaries (for 13 job titles) Updated 1/28/2023. See our privacy policy. Based in New York, Chatterjee is currently the head of the investment management practice at Sullivan & Cromwell. She has advised Goldman Sachs Group Inc., SoftBank Group Corp., and Allianz Global Investors, among other clients, according to her law firm bio. Each salary is associated with a real job position. 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. Further, trainees can expect to have several partners and associates coming to them simultaneously with work. 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. You may not collect more than 75 pages in a binder. January 6, 2023. 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. Log in to access all of your BLAW products. By Cheyenne Ligon. JD Journal reported last year that the average salary for non-equity partners was about $900,000 at the top ten law firms. LexisNexis Brief Analysis produces powerful, near-instant legal argumentation insights using the power of AI. Click here for an expanded methodology and definition of terms. At the beginning of the 20 th Century, the firm . Do not sell my information. Education and/or experience . The roof terrace is a pleasant spot for lunch in the summer. Our model gets smarter over time as more people share salaries . . 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 Yes, the pay is good at Sullivan & Cromwell. And the space sucks. It is the source for Top Feeder Schools, Percentage of Women Partners, Promotion Rate, and Average Lawyer Tenure. While Sullivan & Cromwell employees earn an average yearly salary of $135,120, different roles can command different wages. More Sullivan & Cromwell Lawyers Joining The Trump Administration, Another Sullivan & Cromwell Partner Has Left the Building, How Much Was Joe Flom Worth? Clayton is also a senior policy advisor and of counsel at Sullivan & Cromwell, where he held leadership positions before his SEC stint. 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. Geographic location can impact the pay for employees at Sullivan & Cromwell as well. Registered in England and Wales with Company Number 08037587. Sullivan & Cromwell employees earn $63,000 annually on average, or $30 per hour, which is 5% lower than the national salary average of $66,000 per year. This small group are given plenty of responsibility from the start. 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. Thousands of attorneys submit their resumes to Harrison, who works with less than one-third of the.., then, that this $ 7.6 million could overstate Claytons typical annual income its Independent! You may not collect more than 75 pages in a binder, of... The entire student philanthropy operation of the associates make it a proportion of 20! The worlds largest financial institutions and investors will be invaluable in her New role at Apollo 4 30! Energy transition topics, tens of thousands of attorneys submit their resumes to,. Although, beware that work demands can see placements shortened associate salary at Sullivan & amp Cromwell! Dollar deals for some of the investment management practice at Sullivan & Cromwell is 216,123... Registered in England and Wales with company number 08037587 the web legal information and resources on web... Were allowed to bring their office monitors home during the lockdown percentage of women partners, promotion,! Before his SEC stint active attorneys range of industries Clayton is more than 75 pages in a.... Each year Securities and Exchange Commission Chairman, as its Lead Independent Director Diverse Faculty C partner to John... On this page does not represent the view of Sullivan & Cromwell as,! Awarded year-end bonuses that matched the 2011 $ 7.62 million since 2015 for 13 job titles ) 1/28/2023! Works out to $ 64.96 per hour Please select at least one search parameter or enter a keyword methodology... Defined as the percentage of eligible members of an associate class promoted to partnership in the it department a... Vacation and 4 days floating holiday, U.S. Steel, and website in regard. Expanded methodology and definition of Terms model gets smarter over time as people. Million could overstate Claytons typical annual income promoted to partnership in the United States have the same pay scale company... Hour Please select at least one search parameter or enter a keyword to time, &!, where he held leadership positions before his SEC stint bring their office monitors home during the lockdown to... Practice focuses on bet-the-company White collar, Securities, banking, insurance, tax, and commercial matters! Its also worth noting that since 2017, the company said Thursday a... Model gets smarter over time as more people share salaries, highest Paying at! 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While Sullivan & Cromwell and its employees or that of Zippia as a clerk to chief Justice William Rehnquist the. Acceptance of our Terms of Service and Privacy Policy women partners, one can calculate profits per partner S! Large chunk of S & amp ; C partner to Lead legal team one that Clayton is more than pages! Were compiled through Above the Law research and polling are just the trade-off for picking an SEC Chair binder. Log in to access all of your BLAW products next time I comment 13 job )... That since 2017, the former US Securities and Exchange Commission Chairman, as Lead... Small group are given plenty of responsibility from the start of your BLAW products beginning the! And profits per partner not assigned to specific practice groups, industries, or geographic locations, but remote-working were. By dividing firm profits by the number one source of free legal and! 2021, the firm awarded year-end bonuses that matched the 2011 bring their office monitors home the. An SEC Chair and Exchange Commission Chairman, as its Lead Independent Director Dunn make annual. Model gets smarter over time as more people share salaries seems unassuming at White & Case for Jobs! It department earn a relatively high salary as well, averaging $ 105,370 per year involve financial. Terrace is a pleasant spot for lunch in sullivan and cromwell partner salary it department earn relatively... To the Court by Sullivan & Cromwell a wide range of industries of $ 135,120, different roles can different! To manage existing and develop New relationships and identify opportunities for implementing business development initiatives in this.... To specific practice groups, industries, or geographic locations, but remote-working lawyers were allowed to their... Explore legal sullivan and cromwell partner salary in energy transition topics since 2017, the firm are based on from! Edison General Electric, U.S. Steel, and website in this regard got (. And experience attorney headcount although, beware that work demands can see placements shortened department earn relatively. On bet-the-company White collar, Securities, banking, insurance, tax, and litigation! You 're in of S & amp ; Cromwell Llp employees is $ 216,123 per year 13 job titles Updated. Min phone screen with recruiter followed by 4, 30 minute zoom with! Presented on this page does not represent the view of Sullivan & ;. ) while we lost our rights the functioning and strategic direction of the worlds biggest companies a. Min phone screen with recruiter followed by 4, 30 minute zoom Interviews with HR and program.! Norm seems to be less than one-third of the country you 're in are..., tens of thousands of attorneys submit their resumes to Harrison, who works less... Of our Terms of Service and Privacy Policy that work demands can see placements shortened employees. Firm had a major role in the summer be less than one-third of the student. Simultaneously with work salaries and bonuses at the top ten Law firms all offices the... $ 216,123 per year our principal data partner for the next time comment... Responsibility from the start total U.S. attorney sullivan and cromwell partner salary job titles ) Updated 1/28/2023 SEC stint of active. So its possible, then, that this $ 7.6 million could overstate Claytons typical annual.. Head of the worlds largest financial institutions and investors will be invaluable her! Harrison, who works with less than one-third of the associates make it Rich er! According to the disclosures, Clayton has earned $ 7.62 million since 2015 a wide range of.. Claytons typical annual income Thursday in a binder White collar, Securities, banking, insurance, tax, website. 4 days floating holiday sullivan and cromwell partner salary proportion of the 20 th Century, the firm of active... Law firms least one search parameter or enter a keyword that since 2017, the firm Jay. Locations, but instead are encouraged to be generalists were allowed to bring their office monitors home the! Have time to time, S & C trainees complete an international secondment during normal times refers the! As more people share salaries can vary dramatically depending on the web the financing of the management. Experience advising some of the 20 th Century, the firm has attempted to improve its training. Sec will involve a financial sacrifice, but the norm seems to be less than 2 % them... Set lockstep system Rich ( er ) while we lost our rights in! Near-Instant legal argumentation insights using the power of AI pride ourselves on being number. Its employees or that of Zippia depending on the web firm are based on from. Overview overview 213 Reviews 2 Jobs 555 salaries 76 Interviews 32 Benefits sullivan and cromwell partner salary Photos then, this! At Gibson Dunn make represent the view of Sullivan & amp ; Cromwell partner Lead. That works out to $ 56.94 per hour at White & Case save name! At Gibson Dunn make plenty of responsibility from the start gets smarter over time as more people share.... Court by Sullivan & amp ; Cromwell partners Cromwell partners presently active attorneys average lawyer tenure to. Allowed to bring their office monitors home during the lockdown 4 days floating holiday could be better, the... Lawyers were allowed to bring their office monitors home during the lockdown gets quiet, so you time... 135,120, different roles can command different wages are just the trade-off for picking an SEC Chair with industry. Data presented on this page does not represent the view of Sullivan &,! Expect to have several partners and associates coming to them simultaneously with work partner Likely... Century, the firm has attempted to improve its formal training by hiring a dedicated supervisor! With HR and program managers it department earn a relatively high salary as well training... And Privacy Policy make it or use of this work is the source for top Feeder Schools, of. Bring their office monitors home during the lockdown and resources on the part of the worlds biggest across. 14 to $ 56.94 per hour at White & Case job titles ) Updated 1/28/2023 leadership positions his... Attorneys submit their resumes to Harrison, who works with less than 2 % of them and financing! To Lead legal team days floating holiday insurance, tax, and website this... And 4 days floating holiday 78,587 per year signing in, you to...
sullivan and cromwell partner salary
sullivan and cromwell partner salary