Senior Chairman of the firm, Cohen is a legal titan and highly regarded as one of the foremost experts in M&A and governance matters. At Sullivan & Cromwell, employees working in legal jobs and it jobs tend to earn the highest salaries. ), 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. This button displays the currently selected search type. Conflicts are just the trade-off for picking an SEC chair with deep industry knowledge and experience. Top lawyer jobs at private equity groups are closely watched by Big Law firms and having an alumni in the position is seen as a major coup. Congratulations to Jay Clayton on his distinguished career and robust net worth, good luck to him in the confirmation process, and thanks for his willingness to serve the nation. Based in New York, Chatterjee is head of the investment management practice at Sullivan & Cromwell. From the outside, S&Cs London office on New Fetter Lane seems unassuming. AOC Wants To Get Americans Access To Better Sunscreen, Partners Should Not Fear Their Friends When Making Hiring Decisions. However, cutting back on equity partners while rewarding non-equity partners plays out in rainmaking. The former chairman of the US Securities and Exchange Commission (SEC) was an S&C partner before being nominated by the-then President Donald Trump. If or really when, given the Republican majority in the Senate Clayton wins confirmation as SEC chair, his annual income will plunge into the low six figures. The appointment of a new Chief Legal Officer is closely watched by Big Law firms, as private equity deal work has driven profits at some of the most successful law firms over the past decade. Thisblogis dedicated to the rapidly changing areas of laborand employment law and workplace investigations. Suydam will remain at Apollo as a Senior Advisor and Partner. Private equity giant Apollo Global Management has chosen Sullivan & Cromwell partner Whitney Chatterjee as legal chief. London, England, United Kingdom. She was instrumental in forming and heading S&Cs preeminent Investment Management Practice. Interview. According to Ben Protess and Matthew Goldstein of the New York Times, who crunched the numbers on his financial disclosure (recall that asset values are reported as ranges rather than exact amounts), the Claytons assets are worth at least $50 million. Now, a caveat about that $7.6 million a giant figure, even by the standards of S&C (where 2015 profits per partner clocked in at $3.87 million). A receptionist at Sullivan & Cromwell earns an average yearly salary of $27,926. reCAPTCHA and the Google Privacy Policy and Jan 20, 2023 at 5:01 p.m. UTC. 1 salaries for 1 jobs at Sullivan & Cromwell in Miami Shores, FL. The average Sullivan & Cromwell salary is $135,120. In December 2011, the firm awarded year-end bonuses that matched the 2011 . However, the individual offices within it are among the most spacious of any law firm in the City. Although frequent, much of the instruction is done on an ad hoc basis by more senior colleagues, as and when they can fit it in meaning the quality of training can vary according to who youre working with. Thanks to a series of sizeable pay increases in recent years, and in an attempt to keep pace with its US rivals, London newly qualified solicitor remuneration is now understood to sit comfortably above the 145k mark. Sometimes it gets extremely busy, so there is not much balance. Acted as project manager for Tricolour Giving initiative, overlooking the functioning and strategic direction of the entire student philanthropy operation of the organization. Terms of Service apply. Apollo Global Management has hired Sullivan & Cromwell partner Whitney Chatterjee to be the private equity giants next chief legal officer. As for support, each trainee is assigned a partner mentor, who checks in from time to time and were told trainee cohorts are close knit. Frank Cordell's music score is good, maybe not as rousing as a score by Erich Korngold, but it does have some nice instrumental interludes. Sullivan & Cromwell pays $64.96 an hour, on average. Source data is as published in The American Lawyer and is not independently verified or audited. You can connect with David on Twitter (@DavidLat), LinkedIn, and Facebook, and you can reach him by email at dlat@abovethelaw.com. Employees at Linklaters earn an average of $163,677 per year, and the employees at Cleary Gottlieb Steen & Hamilton earn an. Just How Rich Is Mary Jo White, Debevoise Partner and Likely Future SEC Chair? S&C Is Top M&A Law Firm for Global and U.S. Deals in 2022. Education and/or experience . Do you like more private equity type of work or debt financing, then go for Latham. Data points are U.S. specific. Despite some challenges with management and work-life balance, the reviews from former and current employees are overwhelmingly [], 2023 State of the Lateral Law Firm Market. A partner in the firms New York office and the head of its Financial Advisory and Insurance M&A practice, Kotran has had an illustrious 35-year career handling high-profile M&A and private equity deals. Check it out here. By way of comparison, Magic Circle firms turnover between 1.7 and 1.9 billion, but do so with over twice as many lawyers. Associates are expected to bill around 2,200 hours per year. A Wall Street street sign is displayed in front of the New York Stock Exchange (NYSE) in New York. Required fields are marked *. Salary & Benefits. Each salary is associated with a real job position. 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 . Heres How To Get Yours Right. 30 min phone screen with recruiter followed by 4, 30 minute zoom interviews with HR and program managers. 8% in 2021 and profits per equity partner growing 7. Whilst London is the firms second-largest office, its 80 or so fee-earners pale in comparison with the 550 at the New York headquarters. That works out to six hours a day 365 days per year. All offices in the United States have the same pay scale. What goodies does this firms bonus black box hold? S&C partner to succeed John Suydam as chief legal officer next year. SummaryProvides secretarial, word processing, administrative and clerical support for Partners;See this and similar jobs on LinkedIn. Chatterjee, a law firm Sullivan & Cromwell partner, will join Apollo next month as General Counsel, covering the firms asset management and retirement services businesses. 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. She will take up her new role as Chief Legal Officer next year. She will join Apollo next month, initially as general counsel, covering Apollos asset management and retirement services businesses. Every now and then, we get individual data points. The other side of this work is the unpredictable hours and weekend working that it necessitates. A typical associate salary at Sullivan & Cromwell is $216,123 per year. SullCrom is more traditional clients and has "old school" prestige, but Latham is pretty up there with more of an international reputation. She spoke out about the barriers to making progress with modern ingredients on Instagram. Worked to educate and inspire the student body about the importance of philanthropy by collaborating . File photo. After Jones Day, is S&C the biggest feeder firm to the Trump Administration? Highest Paying Job At Sullivan & Cromwell, Highest Paying Department At Sullivan & Cromwell. Clayton is also a senior policy advisor and of counsel at Sullivan & Cromwell, where he held leadership positions before his SEC stint. Please adjust your search and try again. code or county). Per Benjamin Bain and Elizabeth Dexheimer of Bloomberg: President Donald Trumps pick to lead the Securities and Exchange Commission has earned $7.62 million since 2015 representing some of Wall Streets biggest firms, including Goldman Sachs Group Inc. and Bill Ackmans Pershing Square Capital Management, according to a federal disclosure form. She will ensure the firms legal and regulatory compliance aligns with its business strategy and objectives. Jay Clayton, a partner at Sullivan & Cromwell, is at the top of his game and it says something about being a partner in BigLaw. The financial disclosures that are part of the transition, however, offer a glimpse inside the oft-guarded secrets of partnership compensation. S&C is a sponsor of SIFMA's C&L Annual Seminar, taking place from March 12 to 15 in San Diego. Full-Time This is a list of global law firms ranked by profits per equity partner . Best Law Firms Badge. S&C lawyers are usually very good - but not that good! Find the complete library of podcast episodes for Critical Insights. Log in to access all of your BLAW products. This stellar PEP is derived from revenues of $1.77 billion (1.47 billion). 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. Sullivan & Cromwell average salary is $180,154, median salary is $180,000 with a salary range from $75,000 to $305,000. Our diverse team of top dealmakers includes 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. Delaware No Swiping! Annual leave is split into 20 days vacation and 4 days floating holiday. 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. S&C have a total of 13 offices spread across four continents, and has relatively deep roots in the UK, having first set-up in London in 1972. 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. While Sullivan & Cromwell offers top-notch services in a wide range of practice areas, it touts a generalist approach, in contrast to many of its competitors who have chosen to specialize in discrete areas. Learn more. 52 Lawyers As Apollo continues to grow and diversify, Chatterjees expertise will be invaluable in ensuring that the firm stays on track and complies with regulatory requirements. . Please note that all salary figures are . Find jobs. As legal chief Apollo next month, initially as general counsel, covering Apollos asset Management and services. Chair with deep industry knowledge and experience investment Management practice at Sullivan & Cromwell earns an average yearly of! 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