people here who are saying S&C is bad but no worse than other biglaw firms are deluding themselves. Forum. Law students should be increasingly cognizant of that when considering at which firm to train. S&C sits atop the Chambers USA nationwide rankings in various areas. For lawyers who have never worked at S&C or who havent worked at S&C for years (such as lawyers who started as associates at S&C, left for government, and returned much later), such a trial period makes sense. Sullivan & Cromwell's New Partners: Impressive, Yes; Diverse, Not So Much Stats Of The Week: The Last Of The True Biglaw Partnerships Biglaw: It's Not All About the Benjamins David Lat is the. biglaw as a whole sucks, but there are definitely firms that suck less to work at than others. Davidoff succeeds David Braff, who was relocated from New York to temporarily fill the D.C. managing partner position following the retirement ofRobert Risoleo in 2020. : Reach out just to catch up. There is a centralized staffer and they have a list of partners who are looking for help, a source informed us.Occasionally, the work coordinator will look across peoples workloads and request that associates jump onto a particular assignment, but as one explained: Those requests are not mandatory. Heres How To Get Yours Right. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. We want to know your views on law firm policies and culture. It has been both humbling and inspiring. S&C has a toxic culture and it'll never go away. Weve also always had a large project finance and energy group and recently weve been heavily investing in our renewables and ESG practice, all of which feeds into our M&A, capital markets, and corporate governance practices. Even when in New York, he rarely came to Sullivan & Cromwell's offices, becoming a semirecluse residing in a midtown mansion crowded with tapestries, paintings, and statuettes. Content should be organized in different stages, from when potential clients search for initial information to eventually contacting your law firm. Feb 22, 2023, Adolfo Pesquera Suydam will remain at Apollo as a Senior Advisor and Partner. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Sullivan & Cromwell's fintech practice group was involved in merging . Assist the team in completing client . Sullivan & Cromwell's removal or limitation as bankruptcy counsel for FTX would "severely, if not irreparably" harm customers and creditors, the cryptocurrency exchange's CEO John Ray told a judge. Sullivan & Cromwell Address: 125 Broad Street New York, New York 10004-2498 U.S.A. Telephone: (212) 558-4000 Fax: (212) 558-3588 http://www.sullcrom.com Statistics: Private Company Founded: 1879 Employees: 1,265 Gross Billings: $395 million (1997 est.) Legal Knowledge Management To Drive Dealmaking, The Global Legal News You Need, When You Need It. A friend of mine worked there for a few years out of law school. He survived until 1948, after which Rockefeller Center pulled down his residence to erect a high-rise office building. The firm at that time had 59 partners, all men, and 116 associates, of whom 26 were women. Curtis was instrumental in persuading New Jersey's legislature to pass an act making the state a haven for corporation filings. S&C doesnt set a billable requirement but there are expectations that you hear about, although theyve never been communicated by a partner Ive heard that 1,800 is where you want to be at the lower end, but I think most people start the year with 2,000 hours in their head and then see how it goes. This source put it very simply: The expectation is that youll work as hard as the firm needs you to work in a given week, and if you do that youll clock a lot of hours! A good week would see associates billing eight-hour days, but a bad week would involve several 12-hour days and then weekend work Im talking about hours billed, so the time youre working will be a little bit more than that. Our survey respondents logged an average of 58 hours worked in the preceding week. Re: Is Sullivan & Cromwell really that bad? 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. John Foster Dulles succeeded Victor as managing partner in 1926. Dulles resigned as Sullivan & Cromwell's chairman in 1949 and was succeeded by Arthur H. Dean. (The firm. JS: I expect to keep doing what weve been doing. Mr. Schlein was co-Managing Partner of Sullivan & Cromwell's London office from 2008 to 2011. I worked there as a paralegal for 2 years before law school and loved it. We caught up with Shenker before he stepped down to find out what had been happening at S&C recently and how he saw the firm evolving. Sullivan & Cromwell does have a lot of name cachet in the legal community. It was tied, in terms of gross revenue, for fifth position among U.S. law firms in 1996. Davidoff is the first woman to hold the position. Geoffrey Wynne will join a panel session on "Developing Uniform Definitions and Data Standards" at BCRs Trade & Investment Forum 2023 - Creating a Deep and Liquid Investor Market for Trade Assets, to be held For media inquiries, please contact:Heather BarrySenior Business Development Manager(617) 338-2464hbarry@sullivanlaw.com. I would say I get one of those requests every six weeks, and I havent been forced to take any of those assignments. Associates can also source work on their own, but the sense we got was that the work coordinator plays quite a prominent role in overseeing assignments. S&C and Skadden are pretty different firms in terms of personality anyways so that should be a decisive factor in weighing your options. by Anonymous User Sat Aug 22, 2015 12:44 pm, Post Mr. Summers 2022:135 (128 2Ls, 7 1Ls, 2 SEO students), Famous for:New York financial district roots; generalist approach, America's Best Law firms: The Student's Guide, For all attorneys across all US offices:31,343, Litigation: General Commercial: The Elite (Band 4), Bankruptcy/Restructuring: The Elite (Band 4), Employee Benefits & Executive Compensation (Band 1), Environment: Mainly Transactional (Band 2), Insurance: Transactional & Regulatory (Band 3), Labor & Employment: Highly Regarded (Band 1), Litigation: General Commercial: The Elite (Band 1), Litigation: White-Collar Crime & Government Investigations: The Elite (Band 1), Real Estate: Mainly Corporate & Finance (Band 1), Capital Markets: Equity: Manager Counsel (Band 2), Capital Markets: High-Yield Debt (Band 4), Capital Markets: Investment Grade Debt: Issuer Counsel (Band 2), Capital Markets: Investment Grade Debt: Manager Counsel (Band 2), Corporate Crime & Investigations: The Elite (Band 1), Employee Benefits & Executive Compensation (Band 2), Energy: Electricity (Transactional) (Band 3), Energy: Mining & Metals (Transactional) (Band 1), Environment: Mainly Transactional (Band 3), Financial Services Regulation: Banking (Compliance) (Band 1), Financial Services Regulation: Banking (Enforcement & Investigations) (Band 1), Financial Services Regulation: Financial Institutions M&A (Band 1), International Trade: Export Controls & Economic Sanctions: Highly Regarded (Band 1), Product Liability: Consumer Class Actions (Band 2), Securities: Regulation: Enforcement (Band 3). The firm also added to its reputation for saving troubled corporations by means of the "Cromwell Plan," which involved an orderly liquidation and reorganization of companies such as American Water Works, Decker, Howell & Co., and Price, McCormick & Co. For example, back in 2012, we learned that former Sullivan & Cromwell partner John J. O'Brien earned $2.3 million in his last year at the firm. by goden Sat Aug 22, 2015 11:15 am, Post (, Despite big pay hikes and bonuses, associates quit elite law firms in large numbers last year due to heavy workloads and long hours handling a deal boom. Pros Pagan el seguro de salud entero para el empleo Cons Algunos pisos en el edificio no estan renovados In her new role, Davidoff looking to build on the firm's key specialty practices in D.C., including antitrust, appellate and criminal defense investigations. We very much believe in not limiting people: developing them from their first day into broad-thinking, engaged lawyers, because thats the approach our clients need and value. Do not sell my information. Four women lawyers--the firm's first--were hired in 1930. Sharon talks about why she chose S&C, the Firm's approach to associate development and mentoring, her role as head of the Litigation Group, and her advice for students as they navigate their way through the recruiting process. 1901. To view this content, please continue to their sites. It's free to sign up and bid on jobs. In 1986 alone the unit was involved in more than $50 billion worth of acquisitions. by Anonymous User Sat Aug 22, 2015 11:26 am, Post S&C's PPP are really high. Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. (The lawsuits actually total 28 but we have not included the lawsuit involving Waterdrop Inc. as Goldman Sachs reports it was dismissed by the . Mar 2, 2023, David Gialanella | Alexa Woronowicz 28 comments: . Bonuses at S&C are lockstep and allocated on the basis of quality of work as opposed to the overall number of hours billed. The firm handles high profile work such as complex mergers and acquisitions, securities litigation, and white . by Anonymous User Sat Aug 22, 2015 1:35 pm, Get unlimited access to all forums and topics, Post And its interesting at S&C because I doubt that simplistic concerns about money or PPP optics are driving it in the way they would at another firm. Partner New York +1-212-558-4848 +1-212-558-3588 schleinr@sullcrom.com Download vCard Rob Schlein is Managing Partner of Sullivan & Cromwell LLP's Commercial Real Estate Group and is co-Managing Partner of the Firm's global General Practice Group. Customer Service| Syracuse office of a BCG Attorney Search Top Ranked Law Firm seeks senior health care transactional Rochester office of a BCG Attorney Search Top Ranked Law Firm seeks senior health care transactional Cadwalader, Wickersham & Taft LLP, one of the leading law firms in the United States, is known for its exceptional talent, dedicated lawyers, and its innovative approach to client service. Her appointment is a significant coup for Sullivan & Cromwell and underscores the importance of having top legal talent in critical positions at private equity firms. On the one hand, traditional Biglaw business model is dying isnt a particularly novel story. by jbagelboy Sat Aug 22, 2015 12:13 pm, Post Our DNA is to always be looking ahead, to be dynamic and build and invest for the long term. Overseas, Sullivan & Cromwell closed its Berlin office in 1935, but Dulles was criticized--both at the time and after World War II--for trying to maintain good relations with the Nazi regime to serve its clients. // Dungarvin Pay Schedule 2022, Articles S