Sullivan & Cromwell Law Firm Profile

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IN-DEPTH RESEARCH REPORT
on Sullivan & Cromwell LLP

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  • - 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, London, NY, Paris and VIC.

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

Litigators of the Week: Bruce Clark and Sharon Nelles of Sullivan & Cromwell

David Bario : The Litigation Daily : October 30, 2014

In , Clark and Nelles scored a huge win not just for their client, but for every big bank that does business in New York.

DLA Piper, Proskauer, S&C in Big Lights as NBA Season Begins

Brian Baxter : The Am Law Daily : October 29, 2014

As the 2014-15 National Basketball season tips off this week, several Am Law 100 firms are getting in on some off-the-court legal action. DLA Piper has been retained to advise on a sale of the NBA's Atlanta Hawks, Sullivan & Cromwell is counseling the owner of the New York Knicks on a potential split of his company's operations and Proskauer Rose its representing the league itself on a landmark deal in Brazil. The NBA players union also filed its annual operating report, which details legal fees paid to Paul Weiss, Orrick, Steptoe, Weil and Winston & Strawn.

Special Report: Big Law's Reality Check

Aric Press : The American Lawyer : October 29, 2014

Amid generally flat revenue but rising partner profits, four fundamental changes are roiling the legal marketplace. Is your firm prepared?

Big Deals

: The American Lawyer : October 29, 2014

Burger King-Tim Hortons, Electrolux-G.E. Appliance Division, Roche-InterMune, Norwegian Cruise Lines-Prestige Cruises

Court Affirms Separate Entity Rule in Banking Context

Joel Stashenko : New York Law Journal : October 24, 2014

A New York bank may not be compelled to garnish the funds of a debtor that are being held in accounts of the bank's own foreign branches, a divided Court of Appeals ruled Thursday.

Who's Getting the Work at the Supreme Court

Tony Mauro : The American Lawyer : October 24, 2014

An elite group of firms now argues a larger proportion of the court's shrinking caseload.

NY High Court Upholds Rule Shielding Foreign Bank Branches

Julie Triedman : The Litigation Daily : October 23, 2014

In a decision with major implications for New York and its resident global financial institutions, the state's highest court ruled Thursday that banks with New York branches needn't turn over customers' overseas assets to claimants attempting to enforce U.S. court judgments.

Asia Deal Digest: Oct. 23, 2014

Tom Brennan : The Asian Lawyer : October 23, 2014

*Three firms on Medibank Private Ltd.'s $4.8 billion Australian IPO*Hong Kong firm Deacons advises Chinese state-run Bohai Steel Group Co. on bond sale*Herbert Smith Freehills acts for Energy Development Corp. on financing for Philippines' largest wind farm

Wilson Adds Former Privacy Regulator in D.C.

Patience Haggin : The Recorder : October 20, 2014

The firm's growing privacy practice has more than 40 lawyers.

Edwards Wildman's Tech Cochair Departs, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : October 18, 2014

Another Edwards Wildman Palmer partner departs ahead of the firm's proposed merger later this year with Locke Lord; a Bingham partner heads to the FCC; Fried Frank and Kirkland & Ellis add a pair of new partners; and other notable moves from throughout The Am Law 200.

Associates Class of 2014

: New Jersey Law Journal : October 17, 2014

The highlights the state's up-and-coming attorneys in the Associates Class of 2014.

Kramer Levin Becomes Target in TransPerfect Partners' Row

Julie Triedman : The Litigation Daily : October 17, 2014

A multijurisdictional slugfest between the cofounders of the world's third-largest translation company is heating up after Sullivan & Cromwell sought sanctions against one of the founders and her lawyers at Kramer Levin Naftalis & Frankel.

Associates Class of 2014: A-C

: New Jersey Law Journal : October 17, 2014

The highlights the state's up-and-coming attorneys in the Associates Class of 2014.

Simpson Thacher, Sullivan & Cromwell on Two Japan IPOs

Anna Zhang : The Asian Lawyer : October 16, 2014

The firms led Recruit Holdings' $1.9 billion offering and that of Skylark Co., which raised $700 million.

Ambac Loses Bid to Revive JPMorgan RMBS Contract Claims

Julie Triedman : The Litigation Daily : October 16, 2014

Siding with defense lawyers at Sullivan & Cromwell, an appeals court in New York affirmed a decision dismissing breach of contract claims by Ambac against EMC Mortgage, a Bear Stearns unit acquired by JPMorgan Chase & Co.

Asia Deal Digest: Oct. 16, 2014

Anna Zhang : The Asian Lawyer : October 16, 2014

*Simpson Thacher, Sullivan & Cromwell lead two Tokyo IPOs worth $2.6 billion*Morgan Lewis guides Kazakhstan through its first dollar bond issue in 14 years*Skadden acts on the first listing by a Malaysian company in the U.S.

Do Foreign Firms Need a Hong Kong Law Practice?

Anna Zhang : The Asian Lawyer : October 13, 2014

The city's once-booming capital markets had prompted a big push into local law, but the slowdown that followed has forced at least one firm—Milbank—to reconsider. Still, others see value in the practice, though for different reasons. Here's why.

Fee Tracker: Bingham, Fried Frank Bag Old Mutual IPO Roles

Brian Baxter : The Am Law Daily : October 09, 2014

Initial public offerings for such companies as British insurer Old Mutual's Boston-based asset management arm and Royal Bank of Scotland-backed Citizens Financial helped fill the coffers of firms such as Bingham, Cleary Gottlieb, Davis Polk and Fried Frank while Detroit's bankruptcy continued to be a boon to Jones Day and Honigman. Meanwhile, the U.S. Supreme Court prepares to examine $4.1 million in Baker Botts bankruptcy fees in our latest look at notable legal billings from throughout The Am Law 200.

Am Law 100 Firms Capitalize on Big Pharma Deals

Wenxiong Zhang : The Am Law Daily : October 09, 2014

Sullivan & Cromwell, Latham, McDermott and Sidley Austin advised on Impax Laboratories' purchase of Tower Holdings for $700 million. Sullivan & Cromwell also counseled Endo International on a separate pharmaceutical deal in which the company agreed to pay $2.6 billion for Auxilium Pharmaceuticals, itself advised by Morgan Lewis and Willkie. Meanwhile, Debevoise and Wilmer took the lead on a third transaction in the pharmaceutical sector, this one worth $675 million.

Skadden Once Again Comes Out on Top of M&A Rankings

Wenxiong Zhang : The Am Law Daily : October 08, 2014

Continuing on its transactional tear, Skadden, Arps, Slate, Meagher & Flom sat atop three separate rankings of legal advisers for global M&A deals based on total transaction value in the first three quarters of the year.

In-House at Large Public Companies

: New Jersey Law Journal : October 08, 2014

Chart tracking In-House Counsel at Large Public Companies.

The Careerist: Mrs. Clooney, Please Don't Quit!

Vivia Chen : The Careerist : October 06, 2014

Will George Clooney's bride keep her job as a lawyer? We hope so.

Fewer Firms Get More Work at the Supreme Court

Tony Mauro : Supreme Court Brief : October 01, 2014

If last term is any guide, the dominance of veteran advocates and their law firms at the lectern of the U.S. Supreme Court will only continue when the court returns to the bench Oct. 6.

LawTech Silicon Valley Tackles Productivity

Monica Bay : Law Technology News : September 30, 2014

Panels focus on how technology can speed lawyer workflow and cut costs.

Big Deals

MP McQueen, Vinayak Balasubramanian, Alexandra Wilson and Wenxiong Zhang : The American Lawyer : September 29, 2014

Kinder Morgan Reorganization; Fox Asset Sale; Walgreen/Alliance Boots; Dollar Tree/Dollar General /Family Dollar; AbbVie/Shire

Holder Leaves His Imprint on Major Cases in New York

Mark Hamblett and Christine Simmons : New York Law Journal : September 26, 2014

Eric Holder Jr. on Thursday said he will resign from the U.S. Department of Justice, where he has served since 2009 as the country's first black attorney general.

Important Proxy Advisor Developments

David A. Katz and Laura A. McIntosh : New York Law Journal : September 25, 2014

In their Corporate Governance column, David A. Katz and Laura A. McIntosh of Wachtell, Lipton, Rosen & Katz write: By leveraging the influence of their clients, it appears that the SEC hopes to put pressure on proxy advisors to reform from within. However, as many shareholder activists are also clients of these firms, it may not be easy to promote change.

In-House Counsel Profile: Fiserv Inc.'s Lynn McCreary

Lisa Holton : The National Law Journal : September 22, 2014

General counsel Lynn McCreary leads 35 attorneys in Wisconsin; Norcross, Ga.; and various other U.S. and global offices. The top project during the past year was Fiserv's $55 million acquisition of competitor Open Solutions Inc.

Takeover Battle Highlights Skadden's Inversion Expertise

Brian Baxter : The Am Law Daily : September 17, 2014

Four Am Law 100 firms are facing off in a $2.2 billion takeover fight involving Endo International's bid to acquire Auxilium Pharmaceuticals, a deal that would stymie a $345 million tax inversion deal forged by the latter this summer with Canadian biotechnology firm QLT. Skadden, Arps, Slate, Meagher & Flom, which is currently advising Auxilium, has also done inversion work for Endo.

Landlord Wins Bid to Enforce Lease Guaranty

Christine Simmons : New York Law Journal : September 15, 2014

The First Department has reversed a lower court and granted summary judgment to a landlord seeking to enforce a guaranty for a $100 million lease against shoe retailer DSW. The panel remanded the case for trial before a referee on the amount of damages.