Sullivan & Cromwell Law Firm Profile

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IN-DEPTH RESEARCH REPORT
on Sullivan & Cromwell LLP

  • - Financial Information
  • - Compensation
  • - Billing Rates
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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 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

Big Deals

MP McQueen : The Am Law Daily : November 20, 2014

Teams from Wachtell Lipton recently advised Halliburton on its $34.6 billion cash-and-stock takeover of oil field services rival Baker Hughes, and Allergan on its proposed $66 billion cash-and-stock sale to fellow pharmaceutical company Actavis.

The 2014 Appellate Hot List

: The National Law Journal : November 17, 2014

We've identified 20 firms with outstanding achievements before the U.S. Supreme Court, federal circuit courts and state courts of last resort.

Sullivan & Cromwell

Andrew Ramonas : The National Law Journal : November 17, 2014

Wachtell Rides Allergan, Halliburton to $100 Billion Deal Day

MP McQueen : The Am Law Daily : November 17, 2014

The Am Law 100's most profitable firm on a per partner basis took the lead on two big deals announced Monday: Halliburton's $34.6 billion acquisition of oil services rival Baker Hughes and Botox maker Allergan on its proposed $66 billion sale to Actavis. A half-dozen other Am Law 100 firms also had key roles on both transactions.

Representing Corporate New Jersey

: New Jersey Law Journal : November 14, 2014

A chart of 114 law firms used most frequently by 30 New Jersey companies.

Wachtell Bags Third Big Banking Deal in Two Weeks

MP McQueen : The Am Law Daily : November 12, 2014

The Wall Street stalwart took the lead Wednesday advising BB&T Corp. on its $2.5 billion cash-and-stock purchase of Susquehanna Bancshares, having recently handled two other banking mergers for clients AmericanWest Bank and Sterling Bancorp.

Bingham Malpractice Accord Smoothed Way for Morgan Lewis Talks

Brian Baxter : The Am Law Daily : November 12, 2014

Bingham McCutchen's ongoing odyssey to find a merger partner could be coming to an end following a recent vote by the firm in favor of a combination with Morgan, Lewis & Bockius. The Am Law Daily has learned that Bingham cleared a key hurdle with the firm this summer by quietly settling an ongoing malpractice dispute with Frank McCourt, the former owner of Major League Baseball's Los Angeles Dodgers. The league is a longtime Morgan Lewis client.

Covington Nabs MoFo Financial Services Pro, Plus More Lateral Moves

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

Covington & Burling picks up a leading consumer financial services lawyer from Morrison & Foerster, a firm that recently saw a technology transactions partner join the NBA; Gibson Dunn makes a government hire after election season; two more firms raid Bingham; and other notable hires from throughout The Am Law 200.

Covance Bought by LabCorp for $6B

Jennifer Genova (compiled from ThomsonReuters Financial and other sources) : New Jersey Law Journal : November 07, 2014

Laboratory testing and diagnostics company LabCorp, based in Burlington, N.C., on Nov. 3 announced it has paid $6.1 billion in cash and stock to acquire Covance, a provider of clinical trials for drug makers in Princeton, N.J.

Dealmaker of the Week: Sullivan & Cromwell's Krishna Veeraraghavan

MP McQueen : The Am Law Daily : November 07, 2014

The firm's partner and cohead of technology finance and mergers and acquisitions led the legal team advising on diagnostic testing company Laboratory Corporation of America's buy of clinical trial research company Covance Inc. for $6.1 billion in cash and stock.

Asia Deal Digest: Nov. 6, 2014

Anna Zhang : The Asian Lawyer : November 06, 2014

*Simpson, Sullivan & Cromwell on Danone's $565 million Yashili investment*Davis Polk, Clifford Chance on China Hongqiao high-yield bond offer*Herbert Smith Freehills on Tata Motors $750 million bond offer

Latham Vows Extra Rounds in Allergan Takeover Fight

Susan Beck : The Litigation Daily : November 05, 2014

Allergan and its lawyers at Latham & Watkins filed a notice of appeal on Wednesday after a judge largely sided with hostile bidder Valeant Pharmaceuticals and the activist hedge fund Pershing Square.

Chancery Denies Breakup Fee in Failed $2.5B Tire Company Merger

Jeff Mordock : Delaware Business Court Insider : November 05, 2014

The Delaware Court of Chancery has blocked Cooper Tire & Rubber Co.'s bid to recoup a $112 million breakup fee related to its failed $2.5 billion merger with Apollo Tyres Ltd.

Cooley Makes it Sparkle in Jay Z Champagne Deal

Nathalie Pierrepont : The Am Law Daily : November 05, 2014

New York-based wine and spirits company Sovereign Brands tapped Cooley for counsel on its sale of its interest in the Armand de Brignac Champagne brand to a new company led by hip-hop icon Shawn "Jay Z" Carter.

Sullivan & Cromwell, Magic Circle Duo on $5.4B Hutchison Bond

Anna Zhang : The Asian Lawyer : November 04, 2014

Sullivan & Cromwell and Freshfields advise the Hong Kong conglomerate with Allen & Overy acting for the banks.

Judge Sets Competency Protocol for Immigrant Detainees

Amanda Bronstad : The National Law Journal : November 03, 2014

The federal government has 90 days to implement court-ordered procedures that for the first time would screen undocumented immigrant detainees for mental competency.

From Don Julio to Medical Research, It's All M&A to Cravath and S&C

Brian Baxter : The Am Law Daily : November 03, 2014

Monday was a three-deal day for the corporate lawyers at Cravath, Swaine & Moore and Sullivan & Cromwell, as the two leading Am Law 100 firms each advised clients on a trio of notable transactions. Covington & Burling, Hogan Lovells, Jones Day, Kirkland, Davis Polk and Wachtell also had key roles on five separate deals.

November 2014 Deals & Suits

: Corporate Counsel : November 01, 2014

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.