Thanks to a series of sizeable pay increases in recent years, and in an attempt to keep pace with its US rivals, London newly qualified solicitor remuneration is now understood to sit comfortably above the 145k mark. Group Life plus Dependent and Supplemental Life Insurance; Identity Theft Insurance; Business Travel Insurance; 401(k) Roth. Average arrive and leave times 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. 2023 Breaking Media, Inc. All rights reserved. Jay Clayton, a partner at Sullivan & Cromwell, is at the top of his game and it says something about being a partner in BigLaw. GOOD HEALTH AND WELL-BEING; 4. This work translates into huge profits. She will take up her new role as Chief Legal Officer next year. Other roles at Sullivan & Cromwell include receptionist and records clerk. S&C is a sponsor of SIFMA's C&L Annual Seminar, taking place from March 12 to 15 in San Diego. Registered in England and Wales with Company Number 08037587. On the other hand, BigLaw does not announce partnership salaries so routinely. SullCrom is more traditional clients and has "old school" prestige, but Latham is pretty up there with more of an international reputation. 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. Interview. 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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. Quinn Emanuel topped the list with $1,077,586 per non-equity partner. The data presented on this page does not represent the view of Sullivan & Cromwell and its employees or that of Zippia. Sullivan & Cromwell salaries are collected from government agencies and companies. Subscribe and get breaking news, commentary, and opinions on law firms, lawyers, law schools, lawsuits, judges, and more. Learn more, Hot topics in ESG for directors and executives to consider Private equity deal work has driven profits at some of the most successful law firms over the past decade. 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. This assistance is provided on the basis that prospective trainees join us after passing the PCLL . And his wife, Gretchen Clayton, will leave her employment as a financial advisor at Goldman Sachs, ending that income stream. Its also worth noting that since 2017, the firm has attempted to improve its formal training by hiring a dedicated training supervisor. There is a significant gap between what Sullivan & Cromwell pays the bottom 10 percent of earners and the top 10 percent of earners. We noticed that your web browser is outdated! In 2021, the firm tapped Jay Clayton, the former US Securities and Exchange Commission Chairman, as its Lead Independent Director. Sullivan & Cromwell Partner Selected as Apollo's New Chief Legal Officer. 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 . The Law Firm Transparency Project draws upon Above the Law research as well as data provided by Leopard Solutions and UniCourt. This can be compared to Los Angeles, CA, where Sullivan & Cromwell employees earn an average salary of $143,041. The distribution isnt flat across all 12 months.. A BCG Attorney Search "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 an average salary of $135,120 per year, or $64.96 an hour. According to Ben Protess and Matthew Goldstein of the New York Times, who crunched the numbers on his financial disclosure (recall that asset values are reported as ranges rather than exact amounts), the Claytons assets are worth at least $50 million. 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. 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. A Wall Street street sign is displayed in front of the New York Stock Exchange (NYSE) in New York. Bonuses are typically awarded in December of each year. 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. New York and Hong Kong are popular destinations. 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. S&C lawyers are usually very good - but not that good! Sullivan & Cromwell pays associates of every graduating class at the top of the market. 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 . 52 reviews from Sullivan & Cromwell LLP employees about Sullivan & Cromwell LLP culture, salaries, benefits, work-life balance, management, job security, and more. Annual leave is split into 20 days vacation and 4 days floating holiday. You can unsubscribe from job alert emails any time. (O'Brien left the firm under mysterious . Sullivan & Cromwell has consistently steered the development of many of the world's corporate titans over the past 130-plus years. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. (Reuters) - Apollo Global Management . Salary & Benefits. While the the number of equity partnerships has decreased, the non-equity partners still have made healthy salaries. ZERO HUNGER; 3. 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. 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. Visit our attorney directory to find a lawyer near you who can help. (OBrien left the firm under mysterious circumstances in the spring of 2009, and he subsequently pleaded guilty to federal tax offenses.). But again, theres no need to shed tears for the Claytons; they have a nice nest egg put away. The average Sullivan & Cromwell LLP salary ranges from approximately $55,000 per year for Travel Coordinator to $215,341 per year for Associate. 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. The law firm's co-chairs called Whitney Chatterjee's move the next chapter of her path-breaking career. Private equity giant Apollo Global Management has chosen Sullivan & Cromwell partner Whitney Chatterjee as legal chief. The starting pay at Sullivan & Cromwell is $77,000 per year, or $37.02 per hour. According to the disclosures, Clayton has earned $7.62 million since 2015. 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 Cravath bonus scale, but with eighth-year associates and up receiving $42,500. Overview. Goodbyes and Hellos. Attorneys are not assigned to specific practice groups, industries, or geographic locations, but instead are encouraged to be generalists. Vind een leuke job als Secretary in Brussel, BE in het bedrijf Sullivan & Cromwell LLP We will never sell or share your information without your consent. Cost of living can vary dramatically depending on the part of the country you're in. Cromwell Middle School. Employees at Linklaters earn an average of $163,677 per year, and the employees at Cleary Gottlieb Steen & Hamilton earn an. ESG Newsletter Sullivan & Cromwell LLP. Our data shows that Sullivan & Cromwell employees in New York, NY get paid the most, where the average yearly pay is $155,053. Sullivan & Cromwell, . Sullivan & Cromwell salary statistics is not exclusive and is for reference only. Has anyone tried putting Florida in a bag of rice for a couple days? Learn more, Explore legal developments in energy transition topics. 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. Sullivan & Cromwell LLP. However, cutting back . View Jobs. The country's best legal placement firm may be able to get you there! Get in-depth analysis of current trends in the legal community, profiles of fascinating professionals, academic issues and lifestyle discussions for law school students, and a few out-of-the-ordinary goings on in the world delivered to your inbox. That represents his "partnership share for 2016 and 2017 received up to the date of filing," which was in January. 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. 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. 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