According to the National Law Journal's2022 NLJ 500 ranking of firms based on size, Sullivan & Cromwell has 797 attorneys and is ranked 63rd in the United States. CA: How would you define your firm's place in the legal market? I wouldnt worry about trying to impress people and instead would focus on taking advantage of the opportunities a summer at S&C will present to you. To contact the correspondent on this story: Rick Mitchell in Paris at rMitchell@correspondent.bloomberglaw.com, To contact the editors responsible for this story: Chris Opfer in New York at copfer@bloomberglaw.com; Darren Bowman at dbowman@bloomberglaw.com. It really depends on what you are going for. While that model is dead at most firms (two-tier partnership, de-equitizations, etc), the stalwart NYC firms (Cravath, Wachtell, Cleary, Davis Polk, Paul Weiss, Debevoise, etc) have managed to hang on and retain it. It typically involves a single-tier partnership, with all partners as equity partners, and most promotions from the associate ranks, within a fairly standard (and not ridiculously long) period of time. Assist the team in completing client . Feb 27, 2023, Maria Dinzeo I wonder whether this years announcement at S&C signals the end of this era for the firm or is simply an aberration (one cannot generalize too greatly from a single year, of course). 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. Weve had every office and every practice area working collaboratively," Shenker reflects. The firm has said nothing on this, but its hard to read our partnership class (making a bunch of special counsels partner and only one true associate to partner) otherwise. All rights reserved. The firm also helped rescue Henry Villard's Northern Pacific Railroad from bankruptcy in this decade. Encouragements have included an increased budget for evening meals; subsidies for the cafeteria; gym and laundry facilities; and a relaxed dress code. Candidates should We are seeking an attorney to join our corporate and transactional practice. [CDATA[ by Anonymous User Sat Aug 22, 2015 11:39 am, Post We were one of the earliest firms to develop an Asia practice as a part of our Asia-Pacific growth. US Justice Department Proposes Holding Executives Financiall Lawyer Found Guilty of Client-Poaching Scheme Ordered to Pay Sullivan & Cromwell Partner Selected as Apollos New Chief Legal Officer, Motorola Solutions Appoints Experienced Executive as Chief Legal Officer, Latham & Watkins Adds Leading Corporate Lawyer, Debevoise & Plimpton, Sullivan & Cromwell, and Simpson Thacher & Bartlett Roll Out Special Fall Bonuses, Newsmax Hires Squire Patton Boggs Lobbyists Amid Allegations of Conservative Censorship, High-profile Attorney Murdaugh Receives Life Sentence for Killing Wife and Son, ChatGPT Sparks Excitement as Techshow Vendors Eagerly Return to Exhibition Floor, Former N.Y. 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. Our foundational values of meritocracy and diversity are essential to that dynamism and long-term growth and success. 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. As one source put it: They just recognized that we needed to get people back together. All rights reserved. Some firms have a business model of growing rapidly with the aim of serving large clients in every possible sector, for the lowest possible cost to the client. Law Offices of Gary Martin Hays & Associates We recognized the implications of Brexit and increased EU merger and antitrust enforcement and thus opened up an office in Brussels in 2017. Heres how Lexis Search Advantage | Transactional unites internal and external research to create better deals faster. 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? four special counsel and just one associate, More About Making Partner At Sullivan & Cromwell (Part 1), Sullivan & Cromwells New Partners: Impressive, Yes; Diverse, Not So Much, Stats Of The Week: The Last Of The True Biglaw Partnerships, Understanding Big Law: A Must-Read Guide To One Of The Most Challenging Workplaces In The World Is Now Available, Add AI Research And Catching Up With Your Law School Buds To The Career Growth List -- See Also, Reach out just to catch up. St. James Press, 1999. Heres How To Get Yours Right. The general practice division dealt with the complexities of increasingly large public stock offerings. At the firm,. The change of administration in Washington has led to a heightened focus on antitrust and other enforcement issues. Law360 (February 23, 2023, 2:02 PM EST) -- Sullivan & Cromwell LLP in the past year oversaw a groundbreaking settlement with regulators registering the first interest-bearing cryptocurrency. //