Sullivan & Cromwell stands as an outlier within Big Law, steadfastly maintaining its unique practices in partnership and compensation. The firm continues with a single-tier partnership and a black box partner compensation system, distinct aspects that set it apart from many peers. Other firms have been rapidly updating their business models—restructuring compensation, offering substantial sums to top lateral partners, and increasingly relying on nonequity tiers.
However, the leaders of this Wall Street giant argue that their approach is the most effective path to generational success. For a detailed exploration of Sullivan & Cromwell’s philosophy and leadership views, visit the original article on Law.com.