This Aint One Of Them: Get to figuring your way around AI sooner rather than later. by Anonymous User Sat Aug 22, 2015 4:44 pm, Post Full-Time. Sullivan & Cromwell Partner Takes In-House Post at Goldman Sachs. This Tool Can Help. 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. Heres what one reader wrote to us: A bit disappointed by your coverage of S&C partner announcements (where Im an associate). As one source put it: When S&C say they have a generalist model, they really mean it. Summer associates get the opportunity to work on both corporate and litigious matters, but there is the opportunity to indicate your preference from the off: Theres a meeting in the middle of the summer to check that you are happy with where the majority of your work is coming from, one associate explained. We're about five years off of Best Buy having a 'Legal Troubleshooting' department, aren't we? We want people who are forever intellectually curious, interested in continuing their learning, and looking to continually develop and redevelop themselves as broadly as possible to help our clients and communities and to fulfill their professional and personal objectives. Established in 1878, Sullivan & Cromwell is a law firm based in New York City, New York. The exterior of the Washington, D.C., office of Sullivan & Cromwell LLP, seen April 7, 2020. Heres how Lexis Search Advantage | Transactional unites internal and external research to create better deals faster. Farben, which employed slave labor during the war. The pandemic was and is the most difficult of these crises, largely because it has no end date and thus has caused such lengthy suffering in our communities and stress on our people and clients worldwide. By 2009, that basically flipped (and then some), with about 75 percent of firms with 100 or more lawyers having a two-tier system (equity and non-equity). St. James Press, 1999. Get in-depth analysis of current trends in the legal community, profiles of fascinating professionals, academic issues and lifestyle discussions for law school students, and a few out-of-the-ordinary goings on in the world delivered to your inbox. They are making better progress in terms of gender representation than ethnic representation, associates agreed. Two female. Law School Acceptances, Denials, and Waitlists, Hispanic and Latino Lawyers and Law Students, American Indian Lawyers and Law Students, First Generation Lawyers and Law Students, Single Parent Lawyers and Law Students, Free Help and Advice from Professionals, Other forums not on the main forum index page, Law School Acceptances, Denials, and Waitlists, Hispanic and Latino Lawyers and Law Students, First Generation Lawyers and Law Students, Is Sullivan & Cromwell really that bad? by goden Sat Aug 22, 2015 11:15 am, Post by Anonymous User Sat Aug 22, 2015 4:00 pm. The interviews themselves are usually conducted by a partner and an associate (often from different practice groups). Were very focused on getting our summers engaged in the work of the firm,"says Galvis. Midtown NYC Defense firm seeking 3 attorneys. This would in many ways bring us in line with the market, but would be a meaningful change for S&C. Growth Factor: How Strategic Acquirers and Private Equity Firms are Planning Their Next Steps, JW Marriott Phoenix Desert Ridge Resort & Spa, Developing Uniform Definitions and Data Standards. We will never sell or share your information without your consent. We are exactly where we would like to be, replies senior chair Joseph Shenker, when we ask how he would describe Sullivan & Cromwells current market position. What Joseph L. Rini Knows, Attorney Rachel Y. Marshall A Pillar of Strength for the Community, SpotDraft Raises $26 Million in Series A Funding for AI-Powered Legal Software. A large majority of summers return to the firm after graduation (or after a clerkship), and at that point, students can select a practice area to join. Holding companies replaced the trusts that had been broken up by legislation and court decisions. Then there are the boutique firms that are limited in practice areas and/or geographies. About Us| William Ward Foshay succeeded Dean as chairman in 1972. Sullivan & Cromwell, whose clients include AT&T Inc., Volkswagen AG and JPMorgan Chase & Co., saw revenue and profits rise by a double-digit percentage in 2021, its new leaders said. Sullivan & Cromwell's recruiters visit roughly 25 to 30 law schools and participate in several job fairs. Subscribe and get breaking news, commentary, and opinions on law firms, lawyers, law schools, lawsuits, judges, and more. 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. This button displays the currently selected search type. There are a whole bunch of people who have wanted to do litigation their whole life, one source highlighted, theyve worked toward it through law school, and its all theyve ever wanted to do. Sullivan & Cromwell also represented foreign clients, including the French interests that had tried and failed to build a canal in Panama linking the Atlantic and Pacific Oceans. Our DNA is to always be looking ahead, to be dynamic and build and invest for the long term. I was worried it was going to be really intense, and I thought it would be really stressful and hard, but everyone has been so nice and has given me compliments when Ive deserved them. The overall feeling was that S&C boasts a professional, collegial culture that puts the work into the foreground: Theres not a lot of socializing or a huge amount of interaction that is completely independent of work. A respectful culture of deferring to people more senior to you was also identified. There were seven Sullivan & Cromwell partners and 25 staffers in all engaged in this field at the time. 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. 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. S&C's PPP are really high. Terms of Service. Darrell Cafasso, 42, joined Goldman Sachs last month as managing director and associate general counsel, heading the bank's . Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. During the 2008. In 1956 it handled Ford Motor Co.'s $643 million initial public offering, the largest ever to that time. Cromwell increasingly absented himself from the firm's quarters, and Alfred Jaretzki became managing partner of Sullivan & Cromwell about 1900. LinkedIn The Orange County Office of Shook, Hardy & Bacon LLP is seeking an associate with 2 4 years of litigation experience. All rights reserved. Amanda Davidoff, who has been a partner at the firm for a decade, has been promoted to office managing partner in Washington, D.C. Sullivan & Cromwell has promoted longtime partner Amanda Davidoff to take the helm as managing partner of its Washington, D.C., office, the firm announced Wednesday. It's got a reputation for harshness and it seems that reputation has plenty of support. I am strongly considering taking an S&C offer and I have read about its awful work/life balance and treatment of associates. | Weve had every office and every practice area working collaboratively. This role reports to the Information Security Directors in leading our global information security operations. (, Boyd Gaming Corp, a casino and hospitality company, was fined $150,000 by the Indiana Gaming Commission for failing to tell regulators about an investigation into a sex scandal involving its now-former. I very very surprised that the paralegal Anon above worked at S&C. Create an alert to follow a developing story, keep current on a competitor, or monitor industry news. S&C has a toxic culture and it'll never go away. The first woman partner was appointed in 1982, and by the summer of 1987 there were four, but no blacks. Sullivan & Cromwell 125 Broad Street New York, New York 10004-2498 U.S.A. (212) 558-4000 Fax: (212) 558-3588 Web site: http://www.sullcrom.com Private Company Founded: 1879 Employees: 1,265 Gross Billings: $395 million (1997 est.) SUMMARY. George C. Kern, Jr., head of the mergers and acquisitions unit, was accused by the Securities and Exchange Commission of violating disclosure rules while defending a company against a hostile bid. The traditional model is, in my opinion, the classiest way to run a partnership. So in the end, he said it was pretty awful, but that he wouldn't necessarily discourage graduating students from going there straight out of school. Giuffra, a litigator who clerked for Chief Justice William H. Rehnquist, has been at the firm 32 years. But on the other hand, when firms like S&C begin to structure themselves more as traditional businesses and less like simple, single-tiered professional partnerships with an associate class, that is interesting. by Anonymous User Sat Aug 22, 2015 11:00 am, Post In terms of quality of life, S&C is no worse than Cravath, Skadden, etc. Avi Gesser, Johanna S., Michael Roberts, Alessandra Masciandaro, and Ned Terrace discuss the proposed #regulations for #Colorado's #dataprivacy law in NYU License our industry-leading legal content to extend your thought leadership and build your brand. By the end of 1928 Sullivan & Cromwell had offices in Paris, Berlin, and Buenos Aires. When expanded it provides a list of search options that will switch the search inputs . Its known as being the perfectionist firm.". Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. the elite public M&A groups, for example). Posted: January 27, 2023. 28 comments: . Some of the lawyers working for Sullivan & Cromwell's competitors suggested that the blue-chip firm's troubles stemmed from an air of arrogance. When expanded it provides a list of search options that will switch the search inputs to match the current selection. The firm also helped rescue Henry Villard's Northern Pacific Railroad from bankruptcy in this decade. The firm helped structure more than 60 major banking mergers in the United States, valued at more than $40.2 billion, during this decade. Every perk is the best of the best, and that the firm puts LOTS of money into the small creature comforts to make the experience a bit more palatable. Rodgin Cohen senior chairman at Sullivan & Cromwell, and a contender for a top Treasury job himself, in the Obama Administration praised McIntosh, saying he's the "rare combination of an. Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. Alas, this model has grown less prevalent over the years. Provided by Sullivan & Cromwell LLP USA - Head office New York 125 Broad Street, New York, New York, USA, NY 10004-2498 Web: www.sullcrom.com Tel: +1 212 558 4740 Fax: +1 212 558 4009 View ranked office USA Los Angeles 1888 Century Park East, Los Angeles, California, USA, CA 90067-1725 View ranked office Palo Alto Let's hope this 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. Site Map, Advertise| As consumers, we often take for granted all the hard work that goes into building a great company. 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. It's old, stuffy, but their work quality is top-notch. They rarely hire laterals, and even more rarely will laterals come in as partner. The firm's French client then was able to collect $40 million from the United States for its property. You may not collect more than 75 pages in a binder. Chances are there is someone at S&C who is interested in those very same things.hiring partner Sergio Galvis. It really depends on what you are going for. The firm established offices at the corner of Broad and Wall Streets, opposite the New York Stock Exchange. Kern continued to be Sullivan & Cromwell's star because his mergers and acquisitions unit was the firm's most profitable group, bringing in as much as one-third of all billings. This button displays the currently selected search type. We dont like to be too formulaic because thats not how we operate.The ideal scenario, Galvis reflects, occurs whenthe callback process feels less like an interview and more like a meaningful conversation between people who have similar professional interests.. 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. S&C conducts fewer callbacks than many firms. There are some negatives for sure but all big law firms have those negatives and S&C was better than a lot of places where my friends were paralegals. 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. A source at the firm said that excluding laterals, both true laterals and lawyers who left S&C for other opportunities (like government) and returned if you look at S&Cs new partners from the past ten years, their average time at the firm is between eight and nine years. Please adjust your search and try again. This 1500-word article will focus on the motivation and management [], 2023 State of the Lateral Law Firm Market. We promotedsix new partners in July 2021, and another five in January 2022. SICs: 8111 Legal Services Sullivan & Cromwell is one of the nation ' s elite law firms. Sullivan & Cromwell LLP is an American multinational law firm headquartered in New York City.Known as a white-shoe firm, Sullivan & Cromwell is recognized as a leader in business law, and is known for its impact on international affairs, such as the financing of the Panama Canal.