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.
Holley co-led Sullivan & Cromwell's antitrust team with Renata Hesse, who joined the firm in 2017 after leading the antitrust division at the U.S. Justice Department.
Sullivan & Cromwell has been recognized for its pro bono activities, receiving a "Pro Bono Leadership Award" from Legal Services NYC in 2016 and ranked by Law360 as being among the Top 20 Pro Bono Law Firms in 2015. Jay Clayton, Chair of the U.S. Securities and Exchange Commission (2017-2020) during the Donald Trump administration
Sullivan & Cromwell was one of the earliest U.S. firms to open overseas offices, beginning with Paris in 1911. By 1928, offices also were open in Buenos Aires and Berlin.
Sullivan & Cromwell LLP is an international law firm headquartered in New York City. It is one of the most profitable law firms in the world, with 2020 profits per equity partner exceeding $5 million.
In the 2012 Supreme Court case Maples v. Thomas, Justice Ruth Bader Gin sburg wrote: "Abandoned by counsel, Maples was left unrepresented at a critical time for his state post-conviction petition, and he lacked a clue of any need to protect himself pro se.
The firm developed the first major registration statement under the Securities Act of 1933 and influenced the development of tax law in the mutual fund industry. Sullivan & Cromwell performed the legal work for the Ford Motor Company 's $643 million offering in 1956, the biggest ever to that date.
During the Great Depression and its aftermath, the firm litigated in the newly emerging fields of shareholder derivatives, antitrust actions, federal income tax law, and registration under the Securities Act of 1933.
In 2008, police uncovered an insider trading conspiracy involving a former Sullivan & Cromwell attorney; Toronto Dorsey & Whitney partner Gil Cornblum had discovered inside information at both Sullivan & Cromwell and Dorsey and, with his co-conspirator, a former lawyer and Cornblum's law school classmate, was found to have gained over $10 million in illegal profits over a 14-year span. Cornblum committed suicide by jumping from a bridge as he was under investigation and shortly before he was to be arrested but before criminal charges were laid against him, one day before his alleged co-conspirator pleaded guilty.
By the turn of the century, Cromwell represented French interests that owned land in Panama and was involved in the financing of the Panama Canal; the firm represents the Panama Canal Authority to this day. Sullivan & Cromwell was one of the earliest U.S. firms to open overseas offices, beginning with Paris in 1911.
However, later the firm backdated the announcement of the closing of their German offices by one year, to 1934.