13 offices worldwide sullcrom.com Joined October 2013. Answer (1 of 7): Ha ha. By signing in, you agree to BCG Attorney Searchs Privacy Policy. We offer the most attractive trainee salary and benefits package of any major law firm in Hong Kong. 32 salaries (for 13 job titles) Updated 1/28/2023. Nominated by President Trump to head the Securities and Exchange Commission, Clayton will take a big pay cut to accept the job but will earn the prestige that goes with it. 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. Kind of a Big Deal. Yes, the pay is good at Sullivan & Cromwell. But not the salary. From time to time, S&C also offers free tickets to music and sporting events. By Cheyenne Ligon. 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. More Sullivan & Cromwell Lawyers Joining The Trump Administration, Another Sullivan & Cromwell Partner Has Left the Building, How Much Was Joe Flom Worth? Sure like the late Joe Flom, who had a fortune estimated in the low nine figures. Salaries and bonuses at the firm are based on a set lockstep system. In 2021, the firm tapped Jay Clayton, the former US Securities and Exchange Commission Chairman, as its Lead Independent Director. 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. Terms of Service apply. The data presented on this page does not represent the view of Sullivan & Cromwell and its employees or that of Zippia. Sullivan & Cromwell is one of the oldest and most prestigious New York law firms. Our diverse team of top dealmakers includes 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 . New York and Hong Kong are popular destinations. Sullivan & Cromwell salaries are collected from government agencies and companies. new associates to about $180,000 last year, nonequity partners at the largest firms tripled over a 15-year period, A Peek Inside Sullivan & Cromwell Partner Pay, $100k Competition for Law Students' Supreme Court Arguments, How to Pay Off Massive Student Debt in Just a Few Months, Take a Look Into the Secret World of BigLaw Partner Pay. 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. Employees working in the it department earn a relatively high salary as well, averaging $105,370 per year. Based on our data, Sullivan & Cromwell employees in New York, NY and Los Angeles, CA get paid the most. Back to training contracts, which the firm started offering in 2013, S&C has since increased the size of this programme to six. 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. ), 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. A free inside look at Sullivan & Cromwell salary trends based on 18 salaries wages for 12 jobs at Sullivan & Cromwell. Delaware No Swiping! Salaries posted anonymously by Sullivan & Cromwell employees in Miami Shores, FL. 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. 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. about FindLaws newsletters, including our terms of use and privacy policy. Visit PayScale to research Sullivan & Cromwell Llp salaries, bonuses, reviews, benefits, and more! Our latest Insights outlines new tax credits for qualifying advanced U.S. energy projects. Like most US firms, trainees are expected to get stuck in and learn on the job. 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. Other times it gets quiet, so you have time to recharge your batteries. (Adds statement from Sullivan & Cromwell co-chairs in final paragraph. Employees at Linklaters earn an average of $163,677 per year, and the employees at Cleary Gottlieb Steen & Hamilton earn an. You may share a link to this page on any of the sites listed below. Average lawyer tenure refers to the average time employed at the firm of presently active attorneys. Sullivan & Cromwell LLP. Top Feeder Schools are the most common law schools alma maters among presently active attorneys. 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. 6% to $4. AOC Wants To Get Americans Access To Better Sunscreen, Partners Should Not Fear Their Friends When Making Hiring Decisions. Sullivan & Cromwell has 57 partners in New York and two overseas, none of them women. 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. (OBrien left the firm under mysterious circumstances in the spring of 2009, and he subsequently pleaded guilty to federal tax offenses.). 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, Sullivan & Cromwell pays an average salary of $135,120 per year, or $64.96 an hour. 1) RPL v. PPP. But in fairness to Clayton, this is not a new issue for incoming SEC chairs. No. This Tool Can Help. Just How Rich Is Mary Jo White, Debevoise Partner and Likely Future SEC Chair? Other roles at Sullivan & Cromwell include receptionist and records clerk. 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. The starting salary is $160,000. Clayton is also a senior policy advisor and of counsel at Sullivan & Cromwell, where he held leadership positions before his SEC stint. Based in New York, Chatterjee is head of the investment management practice at Sullivan & Cromwell. The starting pay at Sullivan & Cromwell is $77,000 per year, or $37.02 per hour. At Sullivan & Cromwell, employees working in legal jobs and it jobs tend to earn the highest salaries. Learn more, Hot topics in ESG for directors and executives to consider This site is protected by Apollo in 2021 tapped Jay Clayton, the former US Securities and Exchange Commission chairman, as its lead independent director. Registration or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Sullivan & Cromwell pays $64.96 an hour, on average. Founded in 1879, the firm's history is tied closely with that of American industry. Stay informed. 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. Data was gathered in the first quarter of 2022, and contains some ongoing updates to reflect recent changes. 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. Private equity firms like Apollo have been among the most prominent clients for law firms in recent years, as they have pursued an increasing number of large-scale mergers and acquisitions. Understanding Big Law: A Must-Read Guide To One Of The Most Challenging Workplaces In The World Is Now Available. Employees also have access to an on-site gym in the basement. Full-Time I am thrilled and honored to be taking the helm of Sullivan & Cromwell LLP's global M&A practice. 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. You also get your daily dose of humor and entertainment!! Find out the highest paying jobs at Sullivan & Cromwell and salaries by location, department, and level. Our current policy is to pay our prospective trainees' course tuition fees for the Postgraduate Certificate in Laws (PCLL) course in Hong Kong. CoinDesk reports: "Law firm Sullivan & Cromwell billed $7.5 million for work on the FTX bankruptcy case | 27 Kommentare auf LinkedIn Kelvin Low auf LinkedIn: FTX Lawyers Sullivan & Cromwell Bill $7.5M for First 19 Days' Bankruptcy | 27 Kommentare Other fields were compiled through Above the Law research and polling. Cromwell Middle School. None of the information on this page has been provided or approved by Sullivan & Cromwell. Sullivan & Cromwell pays associates of every graduating class at the top of the market. Attorneys are not assigned to specific practice groups, industries, or geographic locations, but instead are encouraged to be generalists. Jay Clayton, whos just 50, is a spring chicken by comparison. Log in to access all of your BLAW products. On February 16, Palo Alto-based partner Ambassador @MichaelDeSombre. reCAPTCHA and the Google Privacy Policy and If confirmed, Clayton will have to recuse himself for a year from matters involving S&C and companies he represented while at the firm which has led some critics to complain that hell basically have to take off for his first year on the job. Apollo has more than $520 billion in assets under management. Highest Paying Job At Sullivan & Cromwell, Highest Paying Department At Sullivan & Cromwell. 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. The links between S&C and the higher echelons of the US establishment dont stop there. Congratulations to Jay Clayton on his distinguished career and robust net worth, good luck to him in the confirmation process, and thanks for his willingness to serve the nation. Occasionally, the information comes out in a law firm break-up or with mandatory disclosures such as Clayton's. 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. Sullivan & Cromwell has consistently steered the development of many of the world's corporate titans over the past 130-plus years. Trainees have also been known to deal with clients and QCs directly. Find jobs. Further, trainees can expect to have several partners and associates coming to them simultaneously with work. BCG Attorney Search works with over 25,000 law firms. His practice focuses on bet-the-company white collar, securities, banking, insurance, tax, and commercial litigation matters. Why Work Here? She will take up her new role as Chief Legal Officer next year. All offices in the United States have the same pay scale. 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