Sullivan & Cromwell Law Firm Profile

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IN-DEPTH RESEARCH REPORT
on Sullivan & Cromwell LLP

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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 2012 Global 100 survey, Sullivan & Cromwell ranked as the 20th 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

Global Legal Awards: Global M&A Deals of the Year

: The Am Law Daily : August 29, 2014

In this category, The American Lawyer's Global Legal Awards honor the 10 cross-border deals and disputes of 2013 that best exemplify the challenges of transnational legal practice.

Remaining Banks Hit Another Dead End in FHFA Case

Jan Wolfe : The Litigation Daily : August 28, 2014

We've lost count of how many times the banks sued by the Federal Housing Finance Agency for selling shoddy mortgage-backed securities have had their defenses slapped down by U.S. District Judge Denise Cote.

New Deals

: The Am Law Daily : August 28, 2014

Burger King Worldwide Inc. and Canadian chain Tim Hortons Inc. have agreed to an $11.4 billion tie-up that would send the combined company's headquarters north in what may be the most visible corporate tax inversion yet. Also, Roche Holding announced Monday its $8.3 billion acquisition of InterMune, a suburban San Francisco-based company lung disease drug developer.

2014 Lifetime Achievers

: The American Lawyer : August 27, 2014

Our 11th annual awards honor distinctive careers and public service.

Robbins Geller Sanctioned for 'Reckless' Conduct

Jan Wolfe : The Litigation Daily : August 27, 2014

The Boeing Company pursued the firm for bringing a botched securities fraud case based on the testimony of an unreliable confidential witness.

Lifetime Achiever: Michael Cooper

Drew Combs : The American Lawyer : August 27, 2014

The Sullivan & Cromwell partner headed a multitude of public interest groups during his legal career.

Greenberg's $25B Case Against U.S. Set for Trial

Ross Todd : The Litigation Daily : August 27, 2014

Maurice Greenberg's $25 billion lawsuit against the U.S. government over the bailout of AIG moved a step closer to trial this week. That trial, set to begin Sept. 29, would feature testimony from former top government officials, as well as some of Wall Street's most prominent banking lawyers.

Global Legal Awards: Global Finance Deals of the Year

: The Am Law Daily : August 27, 2014

In this category, The American Lawyer's Global Legal Awards recognizes the 10 deals that best exemplify the challenges of transnational finance practice, from capital markets offerings to capital restructurings to infrastructure projects conceived on a vast scale.

Stealth Disruption in Law Firms

Joe Utsler : Law Technology News : August 27, 2014

Five technologists reveal their tactics to change their firms and stay (relatively) under the radar.

Big Deals

: The American Lawyer : August 27, 2014

Reynolds American/Lorillard; General Electric/Alstom; Salix/Cosmo Technologies; Nook Spinoff

Judge Hears Arguments on Bankers' Challenge to City Law

Joel Stashenko : New York Law Journal : August 26, 2014

A federal judge plans to rule in the latter half of September on whether the city can enforce a local law intended to insure that banks holding city deposits are meeting community investment needs—a law that bankers say would create a "cloud" over their industry.

Cravath, Davis Polk Lead on Latest Big Drug Buy

Brian Baxter : The Am Law Daily : August 25, 2014

In its biggest deal since its $46.8 billion takeover of Genentech in 2009, Swiss drug giant Roche has turned to Davis Polk & Wardwell for counsel on its $8.3 billion buy of suburban San Francisco-based lung disease drug developer InterMune, which is being advised by Cravath, Swaine & Moore and a Chicago IP boutique.

With BoA Settlement Comes Shift in Work for Law Firms

Julie Triedman : The Am Law Daily : August 25, 2014

Bank of America Corp.'s $16.65 billion settlement announcement, and the tailing off of the government's enforcement actions, promises to affect a swath of top-tier Wall Street firms. But lawyers at the banks' primary outside counsel said that work continues to flow.

BofA Deal Marks End Of an Era

Julie Triedman and Jenna Greene : The National Law Journal : August 25, 2014

With Bank of America Corp.'s $16.7 billion settlement over the marketing and sale of subprime residential mortgage-backed securities, prosecutors closed out the largest remaining government enforcement actions stemming from the financial crisis.

Cravath, Davis Polk Lead on Latest Big Drug Buy

Brian Baxter : The Am Law Daily : August 25, 2014

In its biggest deal since its $46.8 billion takeover of Genentech in 2009, Swiss drug giant Roche has turned to Davis Polk & Wardwell for counsel on its $8.3 billion buy of suburban San Francisco-based lung disease drug developer InterMune, which is being advised by Cravath, Swaine & Moore and a Chicago IP boutique.

Hearings on Civil Legal Services to Start Sept. 22

Joel Stashenko : New York Law Journal : August 22, 2014

The state court system's annual hearings on the need for civil legal services funding will begin at 10 a.m. Monday, Sept. 22 at the Appellate Division, First Department, 27 Madison Ave.

Am Law Firms Take Lead on Dynegy's Power Plan Purchase

MP McQueen : The Am Law Daily : August 22, 2014

Dynegy Inc. will buy power plants and other assets from Duke Energy Corp. and private equity firm Energy Capital Partners in two separate deals worth a combined value of $6.25 billion. Skadden, White & Case, Bracewell & Giuliani and Latham & Watkins are all advising.

With BofA Settlement Comes Shift in Work for Firms

Julie Triedman : The Am Law Daily : August 21, 2014

Thursday's record $16.65 billion settlement with Bank of America means a winding down of government action against big banks over residential mortgage-backed securities. But several lawyers say the pipeline for firms representing these banks will remain full, as governments worldwide take aim at foreign exchange rate-setting and Office of Foreign Assets Control investigations.

Four Firms Digging Into BHP Billiton Breakup

Brian Baxter : The Am Law Daily : August 20, 2014

Cleary Gottlieb, Herbert Smith Freehills, Slaughter and May and ENSafrica are advising on a proposed demerger by BHP Billiton of several noncore assets into a new global metals and mining company, effectively unwinding part of the 2001 megadeal that created the Anglo-Australian minerals and mining giant.

Lifetime Achievers, Distinguished Firm Leaders Named

Valori Corral-Nava : The American Lawyer : August 20, 2014

The honorees selected by The American Lawyer have had distinguished careers that include public service. Law firm leaders have exhibited extraordinary stewardship of their firm.

Lawsky Strikes Again With $300M Standard Chartered Fine

David Bario : The Litigation Daily : August 19, 2014

It's not odd for regulators to demand independent monitors for companies caught breaking the rules. But it's rare to learn that a monitor found even more failures—starting the cycle of payment, official contrition and monitoring all over again.

Dollar General Ups Ante for Family Dollar Stores

MP McQueen : The Am Law Daily : August 19, 2014

In the latest development involving the potential sale of Family Dollar Stores, Dollar General and its attorneys at Simpson Thacher & Bartlett have offered nearly $9 billion for the bargain store chain, trumping an earlier $8.5 billion bid by Dollar Tree.

Spotlight Falls on Sullivan & Cromwell in PwC Settlement

Susan Beck : The Litigation Daily : August 18, 2014

For the second time this summer, a major law firm has come under scrutiny for its questionable role advising a bank on transactions with sanctioned countries.

S&C Prevails Again for Porsche in Battle With Hedge Funds

Ross Todd : The Litigation Daily : August 15, 2014

Echoing a 2012 ruling by a state appeals court, the Second Circuit agreed with Porsche's lawyers at Sullivan & Cromwell that billions of dollars in claims against the German automaker don't belong in the United States.

Asia Deal Digest: Aug. 14, 2014

Anna Zhang : The Asian Lawyer : August 14, 2014

*Linklaters leads Dairy Farm's $925 million investment in Shanghai-listed Yonghui Superstores*Norton Rose Fulbright advises Fosun International on its winning bid for Roc Oil in Australia*Amarchand advises on a $349 million share sale by Bharti Airtel's tower unit

Baker Botts Expanding its Supreme Court Presence

Tony Mauro : Supreme Court Brief : August 13, 2014

After a decade of doing appellate work for Baker Botts out of Houston, Aaron Streett recently acquired a second office in the firm's D.C. quarters.

Law Firms Cash In on Inversion Bonanza

: The Am Law Daily : August 12, 2014

As more U.S. companies seek to lower their tax rates by reincorporating overseas through so-called inversions, at least three dozen U.S. firms have capitalized on the trend, with Skadden, Arps, Slate, Meagher & Flom leading the way.

Top Tax Lawyers Mum on Inversion Debate

Susan Beck : The Am Law Daily : August 12, 2014

More than a decade ago, when corporate inversions came under scrutiny, a group of leading New York tax lawyers—headed by a Paul Weiss partner and including partners from Skadden, Sullivan & Cromwell, and Cravath—took a principled stand and called for urgent action to stop these deals. Twelve years later, a new wave of inversions has sparked controversy and calls for reform. This time the corporate tax bar's lawyers are silent.

All-Star E-Discovery Panels at ILTA

Mark Gerlach : Law Technology News : August 11, 2014

U.S. Magistrate Judge Andrew Peck is among the luminaries at upcoming panels in Nashville.

Big Banks' 'Living Wills' Get Failing Grade

: Bloomberg : August 06, 2014

Wall Street banks spent two years asking U.S. regulators what they should put in hypothetical bankruptcy plans to prove they aren't "too big to fail." The agencies broke their silence with a grade: Fail.