Sullivan & Cromwell Law Firm Profile

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IN-DEPTH RESEARCH REPORT
on Sullivan & Cromwell LLP

  • - Financial Information
  • - Compensation
  • - Billing Rates
  • - Lateral Partner Moves
  • - Pro bono
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Sullivan & Cromwell LLP

  • Designation: New York
  • Head Count: 804
  • Gross Revenues: $1,278,000,000
  • Revenue Per Lawyer: $1,590,000
  • Profits Per Partner: $3,675,000
  • Year Over Year Change: 1

Sullivan & Cromwell is a New York-based law firm.  According to the National Law Journal's 2014 NLJ 350 ranking of firms based on size, Sullivan & Cromwell has 804 attorneys and is the 42nd largest firm in the United States.  With $1,278,000,000 in gross revenue in 2013, the firm placed 13th on The American Lawyer's 2014 Am Law 200 ranking.  On the 2013 Global 100 survey, Sullivan & Cromwell ranked as the 17th highest grossing law firm in the world.  The firm has offices in CA, DC and NY.

Firm Rankings

Survey Rank Year Over Year Change Description
Am Law 100 13 1 Gross revenue
Am Law 200 13 1 Gross revenue
NLJ 250 42 4 Lawyer head count
The A-List 27 -1 Overall excellence
Pro Bono Scorecard 54 -6 Pro-bono commitment
Diversity Scorecard 50 0 Minority head count
Midlevel Associates Survey 94 -25 Job satisfaction
Summer Associates Survey NR N/A Summer programs

In the News

March Deals & Suits

: Corporate Counsel : March 01, 2015

Valeant Buys Salix for $14.5B

Jennifer Genova (compiled from ThomsonReuters Financial and other sources) : New Jersey Law Journal : February 27, 2015

Valeant Pharmaceuticals International, based in Lavalle, Quebec, Canada, with U.S. headquarters in Bridgewater, New Jersey, announced Feb. 23 its acquisition of fellow drugmaker Salix Pharmaceuticals Ltd. of Raleigh, North Carolina, for about $14.5 billion in cash and stock.

Dealmaker of the Week: Alison Ressler of Sullivan & Cromwell

Jennifer Henderson : The Am Law Daily : February 27, 2015

A corporate partner at Sullivan & Cromwell, Ressler advised Valeant Pharmaceuticals International Inc. in its $10.1 billion acquisition of Raleigh, North Carolina-based Salix Pharmaceuticals Ltd.

Canadian Big Deals

Marlisse Silver Sweeney : The American Lawyer : February 26, 2015

Royal Bank of Canada / City National; Repsol / Talisman Energy; Three Bryant Park Purchase; Alimentation Couche-Tard / The Pantry

Deal Watch: Sullivan & Cromwell Advise Valeant on $10.1 Billion Buy of Salix

Jennifer Henderson : The Am Law Daily : February 26, 2015

Our latest roundup of deals worth $1 billion or more includes Valeant Pharmaceuticals International Inc.'s purchase of Salix Pharmaceuticals Ltd. for $10.1 billion; Asahi Kasei Corp.'s buy of Polypore International Inc. in a deal valued at $3.2 billion; and a merger between silicon producers Grupo FerroAtlántica and Globe Specialty Metals Inc. for a combined value of $3.1 billion. Latham & Watkins advised on the most number of deals, with four, while Sullivan & Cromwell led the way in terms of transaction value.

Big Deals

Alex Veiga : The Associated Press : February 26, 2015

Canadian drugmaker Valeant Pharmaceuticals International Inc. has agreed to buy Salix Pharmaceuticals Ltd. for about $10 billion in cash.

Big Suits

David Bario, Jenna Greene, Scott Flaherty, Mark Hamblett, Rebekah Mintzer, and Julie Triedman : The American Lawyer : February 26, 2015

U.S. v. Standard & Poor's; Fjarde AP-Fonden v. Morgan Stanley; In re Bear Stearns Mortgage Pass-Through Litigation; In Re Freeport-McMoRan Derivative Litigation

Ropes & Gray Ramps Up in Data Security, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : February 24, 2015

A data privacy expert joins Ropes & Gray on the West Coast; a former Bingham McCutchen practice leader lands at Mayer Brown; Epstein Becker & Green's 15-lawyer raid lands it an office in Princeton; Cleary Gottlieb hires a former Sullivan & Cromwell tax partner and other notable moves from throughout The Am Law 200.

Morning Wrap: Mary Jo White's Recusals | The Curious Case of Howard Shipley

Mike Scarcella : Legal Times : February 24, 2015

Mary Jo White sat on the sideline for dozens of enforcement investigations. House Republicans want Senate colleagues to reject Loretta Lynch's nomination. Five questions concerning the Howard Shipley ethics case in the Supreme Court. This is a roundup of legal news from ALM and other publications.

Greenberg Traurig Grows in Chicago, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : February 22, 2015

A Chicago boutique is absorbed by Greenberg Traurig; a Gibson Dunn practice leader heads out on his own; Sidley Austin and Steptoe & Johnson each add a trio; and other notable hires from throughout The Am Law 200.

Deal Watch: Skadden, Freshfields Advise Pair of Can Makers on $6.8 Billion Deal

Jennifer Henderson : The Am Law Daily : February 19, 2015

Ball Corp.'s acquisition of fellow can maker Rexum PLC tops our latest roundup of deals worth $1 billion or more, with Skadden, Arps, Slate, Meagher & Flom advising on the most number of deals.

Billions in U.S. Claims Against Cuba Still Outstanding

Michael D. Goldhaber : The American Lawyer : February 18, 2015

Don't light up the cigars just yet. Before Cuba and the U.S. can open full economic relations, U.S. antiterror judgments and claims for nationalized property must be resolved.

AG Case Against Barclays Over 'Dark Pool' Goes Forward

Ben Bedell : New York Law Journal : February 18, 2015

Although Justice Shirley Werner Kornreich warned that she found some of the state's claims "unconvincing," the securities fraud case against Barclays Capital alleging it misrepresented the benefits of its "dark pool" trading platform will go forward.

Valley Lawyer Blasts Firm in Discrimination Suit

Marisa Kendall : The Recorder : February 17, 2015

John C. Carey, who left Patterson & Sheridan earlier this year, claims leaders of the Houston-based IP boutique harassed and underpaid him after his Asperger's diagnosis.

Deal Watch: Four Firms Advise on Harris' Buy of Defense Contractor

Jennifer Henderson : The Am Law Daily : February 12, 2015

Our latest roundup of M&A deals worth $1 billion or more includes Am Law firms advising on Harris Corp.'s $4.75 billion buy of Exelis, Inc.; Rite Aid's $2 billion acquisition of pharmacy benefits manager Envision Pharmaceutical Services; and Hilton Worldwide Holdings Inc.'s $1.76 billion acquisition of five hotel properties from a group of sellers. Latham led the way in terms of deal volume and transaction size.

Plaintiff Fails in Bid to Alter 'Capital Contribution'

Ben Bedell : New York Law Journal : February 05, 2015

The commonly used definition of "capital contribution" in a real estate development contract included all money contributed by the developers to the project, "whether it was predevelopment costs, acquisition costs or other costs specified" in the contract, a Commercial Division judge has held.

Am Law 100 Firms Tune In For RadioShack Bankruptcy

Brian Baxter : The Am Law Daily : February 05, 2015

The music finally stopped at RadioShack late Thursday, as Jones Day grabbed a lead role for the 94-year-old consumer electronics retailer as it began bankruptcy proceedings in Delaware. The Fort Worth-based company has agreed to sell 1,500 stores to Sprint and hedge fund shareholder Standard General in a Chapter 11 case that's also yielded roles for Debevoise & Plimpton and Pepper Hamilton.

Locke Lord Lures Boies Litigator, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : February 04, 2015

Boies Schiller & Flexner partner Kathleen Smalley is headed to newly merged Locke Lord; Davis Polk poaches Greenberg Traurig's real estate chair in New York; three DLA Piper finance lawyers depart; Littler Mendelson heads to Maine; and other notable moves from throughout The Am Law 200.

State Bar Annual Meeting

NYLJ/Rick Kopstein : New York Law Journal : February 02, 2015

Following is a list of the awards presented at the annual meeting of the New York State Bar Association during the group's annual meeting Jan. 26-31 at the Hilton New York Hotel.

New York Promotions Remain Steady, While Firmwide Numbers Increase

Christine Simmons : New York Law Journal : February 02, 2015

The number of New York lawyers promoted to partner at the largest law firms in the state is holding steady, while several firms are increasing partner promotions firmwide.

The Asian Lawyer Announces Finalists for Asia Legal Awards 2015

Nick Ferguson : The Asian Lawyer : February 02, 2015

We reveal the contenders for our annual awards ahead of a gala dinner in Hong Kong on March 3.

February Deals & Suits

: Corporate Counsel : February 01, 2015

Why Pay the Rack Rate?

Katelyn Polantz : The American Lawyer : January 29, 2015

A survey by the National Law Journal finds that law firm billing rates continue to rise—but firms are offering clients more alternative to the traditional hourly rate.

Big Suits

David Bario, Scott Flaherty and Rebekah Mintzer : The American Lawyer : January 29, 2015

U.S. v. Newman and Chiasson; In Re Forex Benchmark Rates and Antitrust Litigation; Harris Country v. International Paper; In re Bernard L. Madoff Investment Securities; SimpleAir v. Google

Banks Lose Bid to Escape Forex Antitrust Class Action

Scott Flaherty : The Litigation Daily : January 28, 2015

A Manhattan federal judge on Wednesday delivered an early-inning win to plaintiffs lawyers at Hausfeld LLP and Scott & Scott in a suit accusing a dozen major banks of widespread manipulation of the $5 trillion-a-day foreign exchange market.

Banks Lose Bid to Escape Forex Antitrust Class Action

Scott Flaherty : Commercial Litigation Insider : January 28, 2015

Less than a month after JPMorgan Chase & Co. reached a settlement in the case, U.S. District Judge Lorna Schofield refused to dismiss consolidated class action claims against a group of financial industry giants including Bank of America Corp., Barclays PLC and Citigroup Inc. Schofield held that the plaintiffs plausibly alleged an antitrust conspiracy in which the banks' top forex traders agreed to rig the market for more than a decade.

NY Bar Groups Show Support for Lynch as Attorney General

Mike Sacks : The National Law Journal : January 27, 2015

Three major New York bar groups Monday weighed in with the U.S. Senate's Judiciary Committee to support Loretta Lynch's nomination by President Barack Obama as the next U.S. attorney general, all stressing her professional credentials and her personal integrity.

Dealmaker of the Week: Trevor Norwitz of Wachtell, Lipton, Rosen & Katz

Jennifer Henderson : The Am Law Daily : January 23, 2015

Norwitz advised Dollar Tree Inc. in its $8.5 billion bid for Family Dollar Stores Inc., which ultimately beat out a $9.1 billion bid from rival Dollar General Corp.

Dentons, Dacheng Deal Sets Legal Industry Abuzz

Julie Triedman : The Am Law Daily : January 22, 2015

While law firm leaders and legal observers marvel at the scope and scale of the tie-up between Dentons and China's Dacheng to create the world's largest firm, several also wonder how the two sides will pull off such a massive undertaking, and whether it will ultimately be successful.

Supreme Court Rules Investors Can Appeal Libor Ruling

Scott Flaherty : The Litigation Daily : January 21, 2015

Handing a win to appellate specialist Thomas Goldstein of Goldstein & Russell, the U.S. Supreme Court ruled Wednesday that a group of bond purchasers can't be forced to wait to appeal a ruling dismissing antitrust claims over alleged manipulation of the Libor interest rate.