January 6, 2023. Veteran dealmaker Jay Clayton has been nominated by President Donald Trump to serve as chair of the Securities and Exchange Commission. Overview Overview 213 Reviews 2 Jobs 555 Salaries 76 Interviews 32 Benefits -- Photos. At the firm, she has advised clients, including Goldman Sachs Group Inc., SoftBank Group Corp., and Allianz Global Investors. Nominated by President Trump to head the Securities and Exchange Commission, Clayton will take a big pay cut to accept the job but will earn the prestige that goes with it. We wish her continued success as she embarks on this new chapter of her path-breaking career at Apollo., To contact the reporter on this story: Roy Strom in Chicago at rstrom@bloomberglaw.com, To contact the editors responsible for this story: Chris Opfer at copfer@bloomberglaw.com; John Hughes at jhughes@bloombergindustry.com. Partners do not staff you on busy consecutive deals, so you get a chance to rest, said one insider. So lawyers are going to get disrupted eh? Sullivan & Cromwell pays associates of every graduating class at the top of the market. How Much Can a Finance Graduate Make? Learn more, Hot topics in ESG for directors and executives to consider The country's best legal placement firm may be able to get you there! We will never sell or share your information without your consent. Quinn Emanuel topped the list with $1,077,586 per non-equity partner. Todays peek inside S&C partner pay arises out of much happier circumstances. And his wife, Gretchen Clayton, will leave her employment as a financial advisor at Goldman Sachs, ending that income stream. QUALITY EDUCATION In December 2011, the firm awarded year-end bonuses that matched the 2011 . Salary information comes from 57 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. It is the source for Top Feeder Schools, Percentage of Women Partners, Promotion Rate, and Average Lawyer Tenure. 4,029 Followers. Sullivan & Cromwell pays $64.96 an hour, on average. Denver office of a BCG Attorney Search Top Ranked Law Firm seeks entry-level personal injury lawyer Senior Health Care Transactional and Corporate Attorney. You may not collect more than 75 pages in a binder. There is a significant gap between what Sullivan & Cromwell pays the bottom 10 percent of earners and the top 10 percent of earners. . In order to use the binder you must agree to cookie use. Salaries posted anonymously by Sullivan & Cromwell employees in Miami Shores, FL. Sullivan & Cromwell employees earn an average salary of $135,120 in 2023, with a range from $77,000 to $236,000. Registered in England and Wales with Company Number 08037587. Having an alumnus in a top legal position at a private equity group is a significant coup for law firms, as it can lead to lucrative advisory work. Trump SEC Pick Made Millions Representing Banks, Hedge Funds, SEC Chairman-Designate Pretty Much Gonna Take His First Year On The Job Off, Trumps S.E.C. See Also, Thomson Reuters Practical Law The Journal: Transactions & Business, MyCase Continues To Simplify Law Firm Accounting, Right Where You Manage Your Practice, Meet LINK: The Easy Way To Handle All Your Document Workflows On Your Mobile Device In A Single App, Four Tips For Solo Attorneys To Build Their Marketing And Media Relations Skills, First Impressions Are Worth Millions For Summers. Chatterjee will succeed longtime chief legal officer John Suydam starting next year, the company said Thursday in a statement. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Firm listings reflect ATL research and information received. According to the disclosures, Clayton has earned $7.62 million since 2015. Delaware No Swiping! Chatterjees appointment is the latest in a series of high-profile hires by Apollo. But the minimum value of Jay Claytons assets, at $50 million, handily beats out Mary Jo and John White who were longtime partners at Debevoise and Cravath, respectively. According to our data, the highest paying job at Sullivan & Cromwell is an Associate Attorney at $191,000 annually while the lowest paying job at Sullivan & Cromwell is a Mail Clerk at $25,000 . For example, Paul Weiss Rifkind Wharton & Garrison has handled a significant portion of Apollos deal work over the years, including advising on a $43 billion acquisition last year of retirement services company Athene. How much do Sullivan & Cromwell employees make? Sullivan & Cromwell LLP in the past year oversaw a groundbreaking settlement with regulators registering the first interest-bearing cryptocurrency product as a security, advised the largest-ever acquisition of a fintech company and facilitated the first cryptocurrency registered with federal futures oversight bodies, earning the firm a spot among Law360's 2022 Fintech Groups of the Year. In addition to the normal diet of trainee work you are quite quickly given fairly stretching tasks which can be very stimulating, comments one insider. Sullivan & Cromwell pays $135,120 per year on average compared to White & Case which pays $118,438. Her experience advising some of the worlds largest financial institutions and investors will be invaluable in her new role at Apollo. A few years ago, Sullivan & Cromwell announced that year-end bonuses will be cut in half, with a maximum of $17,500 for early-career associates and $32,500 for eighth-year associates. The average Sullivan & Cromwell LLP salary ranges from approximately $55,000 per year for Travel Coordinator to $215,341 per year for Associate. Pay has improved across the board for partners and associates at BigLaw in recent years. Cursing out women isnt a great idea when youre supposed to be a professional. Founder of BCG Attorney Search and America's top legal recruiter. At the time of Mary Jo Whites nomination to lead the SEC, she and her husband John had amassed assets with a potential maximum value of $41 million. However, the individual offices within it are among the most spacious of any law firm in the City. Jay Clayton, a partner at Sullivan & Cromwell, is at the top of his game and it says something about being a partner in BigLaw. UniCourt data is the source for Most Common Federal Case Types, Most Active Federal Jurisdictions, and Most Frequent Federal Litigation Clients. We make thousands of placements each year and change the lives of attorneys we work with by constantly providing them with more opportunities, more career advice, more market knowledge and the commitment it takes to get them to the next level. If confirmed, Clayton will have to recuse himself for a year from matters involving S&C and companies he represented while at the firm which has led some critics to complain that hell basically have to take off for his first year on the job. The law firm's co-chairs called Whitney Chatterjee's move the next chapter of her path-breaking career. long drawn out proceedings can significantly reduce the resource pool available for distribution to creditors. Visit our attorney directory to find a lawyer near you who can help. This can be compared to Los Angeles, CA, where Sullivan & Cromwell employees earn an average salary of $143,041. Apollo Global taps Sullivan & Cromwell partner to lead legal team. Salaries and bonuses at the firm are based on a set lockstep system. The political crisis that followed Crom Please note that due to COVID-19 secondment probabilities are lower than in usual years. Non-equity partners may not share in profits, but equity partners have to bring in more business to earn more profits. Bonuses are typically awarded in December of each year. From time to time, S&C also offers free tickets to music and sporting events. We offer the most attractive trainee salary and benefits package of any major law firm in Hong Kong. Apply today for the Summer Law Vacation Scheme 2023 with Sullivan & Cromwell. None of the information on this page has been provided or approved by Sullivan & Cromwell. The organizational function at Sullivan & Cromwell where employees earn the lowest salaries is administrative with yearly earnings averaging $68,256. Required fields are marked *. Nominee Disclosure Offers Rare Glimpse of Clients and Conflicts [New York Times], Earlier: Just How Rich Is Mary Jo White, Debevoise Partner and Likely Future SEC Chair?More Sullivan & Cromwell Lawyers Joining The Trump AdministrationAnother Sullivan & Cromwell Partner Has Left the BuildingJust How Rich Is Mary Jo White, Debevoise Partner and Likely Future SEC Chair?How Much Was Joe Flom Worth? No. Join Over 800,000 Attorneys and Law Students! Harrison knows quality and does whatever it takes to get his candidates jobs: Since 2000, Harrison has personally made thousands of placements and is undoubtedly the most effective legal placement professional in history. If you want to get up to speed on the latest news about law practice management software, this is one podcast youre going to want to listen to right now. The average estimated annual salary, including base and bonus, at Sullivan & Cromwell LLP is $118,421, or $56 per hour, while the estimated median salary is $116,449, or $55 per hour. In 2020, the firm brought in $1.56 billion in revenue and its partners earned $5.2 million on average, according to the American Lawyer magazine. SullCrom is more traditional clients and has "old school" prestige, but Latham is pretty up there with more of an international reputation. Salaries and bonuses at the firm are based on a set lockstep system. Please note that all salary figures are . ), Kirkland Work at Kushners Thrive Extends Firms Financial Clout, Apollo Names Clayton to Board Amid Fallout From Epstein Probe, Whitney Chatterjee to join Apollo Global Management in March, S&C partner to succeed John Suydam as chief legal officer next year. 475 Following. The position will be filled by a partner from Sullivan & Cromwell, a top law firm known for its expertise in corporate law. In December 2011, the firm awarded year-end bonuses that matched the 2011 Cravath bonus scale, but with eighth-year associates and up receiving $42,500. This Tool Can Help. Zippia gives an in-depth look into the details of Sullivan & Cromwell, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Sullivan & Cromwell. Other fields were compiled through Above the Law research and polling. Posted 12:03:37 PM. All rights reserved. By way of comparison, Magic Circle firms turnover between 1.7 and 1.9 billion, but do so with over twice as many lawyers. Finance is the second-lowest paying organizational function at Sullivan & Cromwell, where the workers earn $84,930 per year. Salary & Benefits. Some Clues From His Will. Throughout its long history, our Firm has been involved in some of America's greatest industrial, commercial and financial enterprises, from the formation of Edison General Electric Company in 1882 and United States Steel Corporation in 1901 to its . Subscribe and get breaking news, commentary, and opinions on law firms, lawyers, law schools, lawsuits, judges, and more. Employees at Linklaters earn an average of $163,677 per year, and the employees at Cleary Gottlieb Steen & Hamilton earn an. Our current policy is to pay our prospective trainees' course tuition fees for the Postgraduate Certificate in Laws (PCLL) course in Hong Kong. Have we heard of Biglaw partners with bigger net worths? FindLaw.com Free, trusted legal information for consumers and legal professionals, SuperLawyers.com Directory of U.S. attorneys with the exclusive Super Lawyers rating, Abogado.com The #1 Spanish-language legal website for consumers, LawInfo.com Nationwide attorney directory and legal consumer resources. Average lawyer tenure refers to the average time employed at the firm of presently active attorneys. Sullivan & Cromwell may also be known as or be related to Sullivan & Cromwell, Sullivan & Cromwell LLP and Sullivan & Cromwell Llp. His practice focuses on bet-the-company white collar, securities, banking, insurance, tax, and commercial litigation matters. Like most US firms, trainees are expected to get stuck in and learn on the job. Some Clues From His Will, Looks Like Poisoning The Country With A Far-Right Judiciary Is Very Lucrative, FL State Senator Trolls With Bill To Outlaw Democrats, Why Practice Management Software Is The Gift That Keeps On Giving, The Best Law Schools For Nontraditional Students (2023), Delaware No Swiping! Recent deals include advising Ferrari on its IPO and Fiat Crysler on its $60 billion (50 billion) merger with Peugeot. Submit your resume to BCG Attorney Search today: CLICK HERE. The fact that more than 60% of the firms employees work in the Big Apple should indicate to potential trainees that they are joining an outpost of the mothership rather than just a standard City law firm. Leonard Leo got rich(er) while we lost our rights. Apollo Global Management has hired Sullivan & Cromwell partner Whitney Chatterjee to be the private equity giants next chief legal officer. Trademark Paralegal (3-12 years of experience) USA-CA-San Francisco. A receptionist at Sullivan & Cromwell earns an average yearly salary of $27,926. Ressler routinely handles multi-billion dollar deals for some of the worlds biggest companies across a wide range of industries. Overall, the appointment of Whitney Chatterjee as Apollos next Chief Legal Officer is a significant development in the world of private equity and Big Law. Leopard Solutions is our principal data partner for the Law Firm Transparency Project. Stay up-to-date with how the law affects your life. Clayton is also a Senior Policy Advisor and Of Counsel at Sullivan & Cromwell, where he previously held leadership positions before his SEC stint. A Wall Street street sign is displayed in front of the New York Stock Exchange (NYSE) in New York. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. 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