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
  • - Key Contacts

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

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.

Sullivan & Cromwell on China Shenhua's $1.5B Bond Sale

Tom Brennan : The Asian Lawyer : January 19, 2015

Latham & Watkins is acting for the underwriters on the state-run company's first entry into the international bond market.

INADMISSIBLE: Sanctions Threat Looms in the High Court

: The National Law Journal : January 19, 2015

Foley & Lardner is preparing "a thorough response" to the U.S. Supreme Court's unusual show-cause order last month that could result in sanctions against Foley partner Howard Shipley, the firm's general counsel says. Plus more in this week's column.

Hogan Lovells Hires in Ho Chi Minh City

Tom Brennan : The Asian Lawyer : January 16, 2015

Former Gide Loyrette Nouel Vietnam practice head Samantha Campbell will take on the same role at the Anglo-American firm starting in March.

Leading 2014 M&A Transactions

: New Jersey Law Journal : January 15, 2015

The leading M&As of 2014, where the target or acquirer was based in NJ.

New Jersey M&A Market Finally Rebounds in 2014

David Gialanella : New Jersey Law Journal : January 15, 2015

It proved to be a strong rebound year in 2014 for mergers and acquisitions in the U.S., and dealmaking involving New Jersey corporations was no exception. It's a long-awaited development M&A lawyers chalked up largely to a return of confidence to the marketplace.

Firm Sanctioned for Failure to Inform Adversary About Error

Christine Simmons : New York Law Journal : January 14, 2015

Kramer Levin Naftalis & Frankel and its client were sanctioned after a judge found they failed to inform their adversary of an error that led to a "waste of defendant's time and resources."

Gibson Dunn, Sullivan & Cromwell Mount Attack for MetLife

Scott Flaherty : The Litigation Daily : January 13, 2015

The insurance giant tapped Eugene Scalia of Gibson Dunn and S&C's H. Rodgin Cohen to file a first-of-its-kind lawsuit challenging the federal government's designation of the company as a "systemically important" financial institution subject to stricter regulation.

MetLife to File First Lawsuit Over Systemic-Risk Label

: Bloomberg : January 13, 2015

MetLife Inc. said it will sue to overturn a U.S. finding that subjects the insurer to tighter oversight under the Dodd-Frank law, becoming the first nonbank financial firm to file such a challenge.

News and Gossip

Vivia Chen : The Careerist : January 13, 2015

Another ex-Sullivan & Cromwell lawyer romantically linked to celebrity; tossing away the Supreme Court ticket; and suing Harvard.

Firm Sanctioned for Failure to Inform Adversary About Error

Christine Simmons : Commercial Litigation Insider : January 13, 2015

Kramer Levin Naftalis & Frankel and its client were sanctioned after a judge found they failed to inform their adversary of an error that led to a "waste of defendant's time and resources."

Am Law 100 Firms on Both Sides of $5.2 Billion Shire, NPS Deal

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

Davis Polk & Wardwell and Slaughter and May are representing Dublin-based Shire as it recovers from its botched deal with AbbVie last year and acquires New Jersey-based NPS Pharmaceuticals, which turned to Skadden Arps Slate Meagher & Flom for legal counsel.

JPMorgan Must Face Trustee's $500 Million MBS Suit

Scott Flaherty : The Litigation Daily : January 12, 2015

Siding with Quinn Emanuel and reversing his own prior ruling, a judge breathed new life into a lawsuit against JPMorgan Chase and EMC Mortgage over $500 million in mortgages that now-defunct Bear Stearns bundled into securities and sold to investors.

JPMorgan Inks Deal to End Bear Stearns Securities Class Action

David Bario : Commercial Litigation Insider : January 11, 2015

JPMorgan Chase & Co. has bowed out of another mortgage-backed securities lawsuit, agreeing to pay about $500 million to resolve class action claims stemming from Bear Stearns' sale of nearly $17.6 billion of the investments in the lead-up to the 2008 financial crisis.

JPMorgan Inks Deal to End Bear Stearns Securities Class Action

David Bario : The Litigation Daily : January 09, 2015

The bank agreed to pay about $500 million to resolve class action claims stemming from Bear Stearns' sale of nearly $17.6 billion of the securities prior to the 2008 financial crisis.

Skadden Once Again Steals the Show in M&A Rankings

Jennifer Henderson : The Am Law Daily : January 08, 2015

Skadden Arps Slate Meagher & Flom took the top spot in three separate, year-end M&A rankings based on deal value issued by Mergermarket, Thomson Reuters and Bloomberg. Other Am Law 100 firms filling the number two and three legal adviser spots, in varying order, include: Cleary Gottlieb Steen & Hamilton, Sullivan & Cromwell, Weil Gotshal & Manges and Simpson Thacher & Bartlett.

Billing Rates Rise, Discounts Abound

Katelyn Polantz : The National Law Journal : January 05, 2015

The price of a billable hour has risen by more than 10 percent in four years, as large corporate law firms focused on their most expensive work and saved clients' money elsewhere.

Big Deals

: The American Lawyer : January 05, 2015

Allergan / Actavis; Halliburton / Baker Hughes; Publicis / Sapient; LabCorp / Covance; BB&T / Susquehanna; Cott / DSS Group; Chiquita / Cutrale

JPMorgan Inks Deal to Exit Forex Antitrust Case

Scott Flaherty : The Litigation Daily : January 05, 2015

JPMorgan Chase & Co. and its lawyers at Skadden, Arps, Slate, Meagher & Flom have laid down their arms in antitrust litigation accusing a dozen banks of manipulating foreign exchange rates.

January Deals & Suits

: Corporate Counsel : January 01, 2015

Big Deals

Rebecca Geiger : Focus Europe : January 01, 2015

Billion-dollar transactions in France, the United Kingdom, Germany, Spain, Italy, and the Nordic countries.

Big Deals

Rebecca Geiger : The Asian Lawyer : January 01, 2015

Asia's Biggest-Ticket Recent Transactions

Enforcement/Regulation: Conflict and Transition

Jenna Greene and Zoe Tillman : The National Law Journal : December 29, 2014

Attorney General Eric Holder Jr.'s Justice Department took on big banks and police misconduct in 2014, and the FCC grappled with crafting rules for Internet service providers.

Litigators of the Week: A Look (Way) Back

Julie Triedman : The Litigation Daily : December 29, 2014

In five years of Litigator of the Week features, a handful of partners and their law firms managed to stand out from their competitors.

Sullivan & Cromwell, Freshfields on Shengjing Bank's $1.3B IPO

Anna Zhang : The Asian Lawyer : December 29, 2014

The Chinese lender's Hong Kong listing is the largest so far for a mainland city commercial bank.

As Inversion Deal Work Tapers Off, Am Law Firms Carry On

Wenxiong Zhang : The Am Law Daily : December 24, 2014

The frantic pace of inversion deals that once saved U.S. corporations millions of dollars in taxes while heaping riches on the law firms that helped structure them are slowing to a crawl. But M&A attorneys interviewed by The Am Law Daily say there is still plenty of other deal work to keep them busy.

Goldman Can't Force Arbitration in NCUA Case

Susan Beck : Commercial Litigation Insider : December 24, 2014

Goldman Sachs & Co. can't force the National Credit Union Administration to arbitrate a dispute over a sale of mortgage-backed securities, despite the existence of a mandatory arbitration clause. The U.S. Court of Appeals for the Second Circuit on Tuesday held that the NCUA's unusual power to repudiate burdensome contracts extends to arbitration agreements.

Goldman Can't Force Arbitration in NCUA Case

Susan Beck : The Litigation Daily : December 23, 2014

The Second Circuit ruled that Goldman Sachs can't force the National Credit Union Administration to arbitrate a dispute, despite the existence of a mandatory arbitration clause.