The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Sullivan & Cromwell LLP

1700 NEW YORK AVENUE, NW, SUITE 700, WASHINGTON, DC 20006-5215, USA
Tel:
Work +1 202 956 7500
Fax:
Fax +1 202 293 6330
Web:
www.sullcrom.com

Top-tier Firm rankings

Firm Rankings


United States

Real estate
Real estate - ranked: tier 1

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP provides ‘an exceptional level of expertise’ and the team is ‘highly responsive and always accurate in its advice’. The firm has significant expertise in financings, restructurings and public and private market joint ventures across a range of sectors, and also continues to develop its private equity capabilities, advising on fund formation and structuring in relation to investment into real estate assets. Key individuals include Anthony Colletta, who ‘knows the business inside and out’ and is praised for his ‘promptness and his thorough approach to complicated financings, partnership agreements and other real estate matters’. Also recommended are Joseph Shenker, who has substantial expertise in M&A transactions and joint ventures; commercial real estate expert Arthur Adler; and Benjamin Weber, who advises on private and public securities transactions, among other matters. In a recent highlight, the team represented Colombian company Cementos Argos in its agreement with Heidelberg Cement to acquire a West Virginia cement plant and eight related terminals, a transaction totaling $660m in value. Other notable work included acting for Clipper Realty on its IPO of shares on the New York Stock Exchange, and advising Crown Acquisitions on its joint venture with Wynn Resorts to own and operate a luxury retail space in Las Vegas. Delaware Life Insurance, Forest City Realty Trust and GCT Bayonne are also key clients. Named attorneys are based in New York.

Leading lawyers

Anthony Colletta - Sullivan & Cromwell LLP

Joseph Shenker - Sullivan & Cromwell LLP

[back to top]

United States: Antitrust

Civil litigation/class actions: defense
Civil litigation/class actions: defense - ranked: tier 4

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP has assisted clients with litigation connected with the setting of financial benchmark interest rates; Daryl Libow (Washington DC) and Christopher Viapiano (Washington DC) are acting for Bank of Tokyo-Mitsubishi in global regulatory investigations into the setting of Libor and SIBOR rates, and are also defending the client in MDL litigation concerning alleged conspiracies to manipulate multiple benchmarks. Steven Holley (New York), Amanda Flug Davidoff (Washington DC), Richard Pepperman (New York) and others are defending Barclays, Goldman Sachs, Nomura and Bank of Nova Scotia against actions centered on an alleged conspiracy to manipulate the Treasury securities market. Elsewhere, outside of financial services, Libow and Davidoff successfully defended BP against two putative class actions concerning an alleged conspiracy to fix the price of North Sea Brent Crude. The firm also acts for Volkswagen and Audi in Re German Automotive Manufacturers Antitrust Litigation.

[back to top]

Merger control
Merger control - ranked: tier 2

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP’s Steven Holley in New York and Washington DC-based Joseph Matelis are working with the London office to assist Praxair with managing antitrust concerns in more than 20 jurisdictions regarding the client’s pending $67bn merger of equals with Linde AG. Holley is also leading a cross-office team to advise Bayer on the merger clearance issues associated with its pending $66bn mega-merger with Monsanto in the agrichemical industry. In addition to Holley, Yvonne Quinn, Eric Queen and Bradley Smith are other names to note in New York. Renata Hesse, who formerly headed the DOJ’s Antitrust Division as acting assistant attorney general, joined the Washington DC office in 2017. Also based in Washington DC is office managing partner Daryl Libow. Adam Paris is based in Los Angeles.

Leading lawyers

Steven Holley - Sullivan & Cromwell LLP

Next generation lawyers

Joseph Matelis - Sullivan & Cromwell LLP

[back to top]

United States: Dispute resolution

Appellate
Appellate: courts of appeals - ranked: tier 4

Sullivan & Cromwell LLP

Richard Pepperman and Robert Giuffra head Sullivan & Cromwell LLP’s New York-based team, which manages federal and state appeals in cases ranging from securities matters to antitrust. At the Sixth Circuit, the team obtained dismissal of a federal action filed by William Beaumont Hospitals against Goldman Sachs, concerning the latter’s issuance of auction rate securities. Barclays is also a client; the group handled Strougo v Barclays plc at the Second Circuit and Great Pacific Securities v Barclays Capital at the Ninth Circuit. Garrard Beeney is also recommended. Jeffrey Wall joined the Solicitor General’s office.

[back to top]

Corporate investigations and white-collar criminal defense
Corporate investigations and white-collar criminal defense: advice to corporates - ranked: tier 1

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP has a strong reputation for corporate representations and plays a leading role in a number of major law enforcement initiatives. The practice is led by the ‘outstandingNicolas Bourtin in New York, who is representing Wells Fargo alongside Washington DC-based Christopher Viapiano in connection with government investigations into the client’s sales practices. The team serves as national coordinating counsel for Volkswagen in multiple global litigations and investigations stemming from the emissions scandal, leading to several major environmental and consumer claim settlements. Samuel Seymour successfully represented Deutsche Bank in an internal investigation of suspicious securities trading involving customers and counterparties of subsidiaries in Moscow and London. Karen Patton Seymour joined Goldman Sachs and former practice chair, Steven Peikin, joined the SEC. The Washington DC practice added a number of former government lawyers, including Renata Hesse and Aisling O’Shea, both of whom joined from the DOJ. Adam Szubin joined the New York office from the Treasury Department.

Leading lawyers

Samuel Seymour - Sullivan & Cromwell LLP

[back to top]

Financial services litigation
Financial services litigation - ranked: tier 1

Sullivan & Cromwell LLP

Uniformly excellent and tough’, Sullivan & Cromwell LLP is regularly the first port of call to a wide-ranging array of financial services clients across the gamut of hot-button issues attracting the scrutiny of regulators and in associated follow-on private litigation. Often working closely with regulatory specialists and able to leverage significant knowledge from transactional lawyers at the firm that were engaged on the front-end of deals, the 22-partner financial services team has the critical mass and expertise to handle a tremendous volume of matters for a client base that reads like the great and the good of the industry, including UBS, Barclays, Goldman Sachs and JPMorgan. Involved in many of the most significant disputes arising out of the financial crisis, the firm’s role for UBS as lead defense counsel in its collateralized debt obligation (CDO)/RMBS private litigation recently reached a conclusion, when, on appeal, the judge accepted the firm’s argument that Aozora Bank should have investigated sooner and was therefore time barred in its allegations of fraud connected to its investment in a $31m CDO.

Leading lawyers

Richard Klapper - Sullivan & Cromwell LLP

[back to top]

General commercial disputes
General commercial disputes - ranked: tier 1

Sullivan & Cromwell LLP

Top-tier’ firm Sullivan & Cromwell LLPprovides excellent representation technically, while also taking a pragmatic approach’. The litigation department had another outstanding year, with highlights including its work as national coordinating counsel for Volkswagen in a host of litigation and investigations arising out of the emissions scandal; Robert Giuffra and Sharon Nelles had leading roles. In another significant case, Garrard Beeney obtained an $814.9m arbitration award for client BlackBerry in a dispute with Qualcomm, representing one of the highest commercial arbitration awards on record. Renata Hesse, formerly the head of the antitrust division at the Department of Justice, joined the Washington DC office in 2017. David Tulchin is recommended. Other distinguished litigators at the firm include David Braff and Richard Pepperman II; Thomas White is another lawyer making his mark in the team. Above-named partners are based in New York unless otherwise stated.

Leading lawyers

Richard Pepperman II - Sullivan & Cromwell LLP

Next generation lawyers

Thomas White - Sullivan & Cromwell LLP

[back to top]

International arbitration
International arbitration - ranked: tier 4

Sullivan & Cromwell LLP

Headline work for Sullivan & Cromwell LLP included successfully obtaining a $814.9m arbitration award on behalf of BlackBerry in an arbitration against Qualcomm, and representing Centerra Gold in a UNCITRAL arbitration against the Kyrgyz Republic and national mining company relating to disputes over a mining concession. Department head Joseph Neuhaus is ‘outstanding’, and John Hardiman and special counsel Thomas Walsh are also noted. Named individuals are based in New York.

Leading lawyers

Joseph Neuhaus - Sullivan & Cromwell LLP

[back to top]

International litigation
International litigation - ranked: tier 2

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP has ‘real expertise in cross-border matters’ and is a prominent firm in high-profile and high-stakes cross-border cases. Its client base includes global carmakers and international financial institutions. Sharon Nelles and leading light Robert Giuffra are part of a team defending Volkswagen in international litigation and investigations arising from the diesel emissions scandal, as well as in In Re: German Automotive Manufacturers Antitrust Litigation. Guiffra also advised Fiat Chrysler on a securities class action, and the firm secured two dismissals for UBS in the final suits arising from the collapse of Enron in 2002. Another highlight saw the group secure the dismissal of class action suits against BP Plc that alleged manipulation of the Brent crude oil market. Also recommended are Joseph Neuhaus, for matters concerning Latin America, and criminal investigations specialist Nicolas Bourtin.

Leading lawyers

Robert Giuffra - Sullivan & Cromwell LLP

[back to top]

International trade
International trade - ranked: tier 4

Sullivan & Cromwell LLP

Leveraging the expertise of its market-leading white-collar and financial services regulatory teams, Sullivan & Cromwell LLP’s multi-disciplinary international trade team excels at providing economic sanctions, AML and FCPA advice to the firm’s impressive roster of domestic and international financial institutions. Dividing his time between the firm’s New York and London offices, Theodore Edelman regularly provides FCPA due diligence for domestic and foreign clients on M&A activity; he recently advised a consortium led by China Three Gorges on FCPA and sanctions matters related to its approximately $1.4bn acquisition of Empresa de Generación Huallaga. Managing partner of the firm’s criminal defense and investigations group, Nicolas Bourtin regularly handles FCPA and anti-corruption enforcement actions and internal investigations. He recently represented a major European energy company in four high-profile FCPA investigations related to its oil and gas businesses in Africa and the Middle East. As well as his ‘excellent advice’ on sanctions-related matters, Eric Kadel also regularly handles CFIUS work for buyers and sellers including for Bayer in connection with its proposed $66bn acquisition of Monsanto. Elizabeth Davy is also recommended.

[back to top]

M&A litigation: defense
M&A litigation: defense - ranked: tier 1

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP plays a prominent role in some of the most high-profile hostile takeover cases and shareholder class and derivative actions in the US, and represents clients in industries as diverse as telecoms, energy and healthcare. Brian Frawley in New York leads the M&A litigation team along with John Hardiman and Los Angeles-based Robert Sacks. Sacks successfully defended AT&T in the appeal of a shareholder class action settlement arising from its acquisition of Leap Wireless International in 2013. Frawley’s highlights included the successful representation of former members of the board of Solera, with the dismissal with prejudice of claims of breach of fiduciary duty relating to its $6.5bn sale to Vista Equity Partners. He also defeated a putative class action for Columbia Pipeline Group that challenged its spin-off from NiSource Inc. Michael Steinberg in Los Angeles helped Volcano Corporation secure its motion to dismiss claims filed by former shareholders of Philips Holding USA.

Leading lawyers

Brian Frawley - Sullivan & Cromwell LLP

Robert Sacks - Sullivan & Cromwell LLP

[back to top]

Securities litigation: defense
Securities litigation: defense - ranked: tier 1

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP has ‘a uniformly excellent and tough team’ and great strength in depth. The New York office is home to leading light Robert Giuffra, who alongside rising star Matthew Schwartz secured, on behalf of UBS, a unanimous reversal of a decision to deny a motion to dismiss an investor’s complaint, in a case arising from collateral debt obligation (CDO) and RMBS transactions. Schwartz and key partner David Braff secured the dismissal of claims against Goldman Sachs in cases related to the issuance of auction rate securities. Giuffra and Richard Klapper also advised Goldman Sachs on a high-profile case at the Second Circuit. Sharon Nelles is a highly esteemed securities litigator and she defended Volkswagen in several cases arising from the diesel emissions scandal. Richard Pepperman, Jeffrey Scott, Washington DC-based Daryl Libow and Robert Sacks in Los Angeles are also recommended. Clients also remark that ‘world-class counselorWilliam Monahan in New York is ‘highly knowledgeable and has excellent strategic sense’.

Leading lawyers

Robert Giuffra - Sullivan & Cromwell LLP

Sharon Nelles - Sullivan & Cromwell LLP

Next generation lawyers

Matthew Schwartz - Sullivan & Cromwell LLP

[back to top]

United States: Finance

Capital markets: debt offerings
Capital markets: debt offerings - advice to issuers - ranked: tier 1

Sullivan & Cromwell LLP

Capital markets: debt offerings - advice to underwriters - ranked: tier 1

Sullivan & Cromwell LLP

The ‘outstanding’ team at Sullivan & Cromwell LLP scores highly for its ‘deep knowledge’ and ‘strong ability to explain complex concepts well’. In particular ‘unflappable and creative’ group co-head Robert Downes is ‘a wonderful counselor’; he and Mark Welshimer assisted Citizens Financial Group with three notes offerings totaling $3.2bn. The firm also shines on the manager side and the ‘responsive and knowledgeableRobert Buckholz recently advised the underwriters on three notes offerings by Becton, Dickinson and Company worth a combined $11.4bn. Patrick Brown is a key contact in Los Angeles and advised the underwriters on several debt offerings by AT&T including a $22.5bn notes issuance. Other key names in the ‘superior’ team are Palo Alto-based capital markets co-head Sarah Payne and Catherine Clarkin, who is deputy managing partner of the practice. Named attorneys are based in New York, unless otherwise stated.

Leading lawyers

Robert Downes - Sullivan & Cromwell LLP

[back to top]

Capital markets: equity offerings
Capital markets: equity offerings - advice to issuers - ranked: tier 2

Sullivan & Cromwell LLP

Capital markets: equity offerings - advice to managers - ranked: tier 1

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP’s ‘extremely responsive team’ receives plaudits for its ‘invaluable industry knowledge and experience’ and ‘seamless handovers between partners as necessary’. In New York, department deputy head Catherine Clarkin is ‘always accurate, thoughtful, and practical’ and led on several highlight deals over the past year, including advising the joint lead book-running managers on Cadence Bancorporation’s $172.5m IPO. New York’s Robert Buckholz also secures strong praise for his ‘great instincts’ and ‘excellent client relationship skills’; he acted for the underwriters on several offerings by Becton, Dickinson and Company, including a $2.2bn follow-on offering. On the company side, Clarkin assisted Byline Bancorp with its $124.5m IPO, while New York-based group co-head Robert Downes advised Clipper Realty on its $87m IPO. Sarah Payne, who co-leads the group from Palo Alto, and Los Angeles-based Patrick Brown are also recommended.

Leading lawyers

Robert Buckholz - Sullivan & Cromwell LLP

[back to top]

Capital markets: global offerings
Capital markets: global offerings - advice to issuers - ranked: tier 1

Sullivan & Cromwell LLP

Capital markets: global offerings - advice to underwriters - ranked: tier 1

Sullivan & Cromwell LLP

Up there with the best in this area’, Sullivan & Cromwell LLP attracts rave reviews for its ‘responsive and commercial lawyers’ and its arguably ‘unmatched ability to appropriately staff complex and cross-border transactions’. The New York-based practice, which excels in both debt and equity deals, is equally adept at advising managers and issuers, and routinely teams up with colleagues in key hubs in Australia, China, Europe and Japan. Recent global highlights include advising Japan Post Holdings on its ¥1.3tn global stock offering. In another equity headline, the ‘accurate, thoughtful and practicalCatherine Clarkin, together with Mitchell Eitel, advised BNP Paribas on its secondary offering of shares of common stock of First Hawaiian. Global infrastructure head Christopher Mann handled a string of major debt capital markets transactions during 2017, including assisting the underwriters with a $3bn global bond offering by the Federative Republic of Brazil. Other key names are: global co-head Robert Downes (‘a wonderful counsellor’); Robert Buckholz (‘very responsive and knowledgeable’); and very active younger partner Ari Blaut.

Leading lawyers

Robert Downes - Sullivan & Cromwell LLP

Next generation lawyers

Ari Blaut - Sullivan & Cromwell LLP

[back to top]

Capital markets: high-yield debt offerings
Capital markets: high-yield debt offerings - advice to issuers - ranked: tier 2

Sullivan & Cromwell LLP

Among the best in this area’, Sullivan & Cromwell LLP receives strong praise for its ‘strong technical expertise’ and ‘ability to explain complex concepts well’. The practice, which focuses principally on issuer-side representations, acts for several notable repeat corporate issuers in the high-yield market, including Dish Network and United Rentals. Key contact Robert Downes, who co-heads the general practice group, is ‘unflappable and creative’ and advised Standard Industries on its $500m offering of senior high-yield notes. Ari Blaut - ‘an extremely impressive younger partner’ - had a very strong year, which included assisting Andeavor with its $1.6bn offering of high-yield notes to finance its acquisition of Western Refining. In another set of headline deals, Neal McKnight, who co-heads the firm’s finance and restructuring department, and Downes advised United Rentals on three high-yield offerings totaling $2.1bn. John Estes and Scott Miller are also key names in the largely New York-based team.

Next generation lawyers

Ari Blaut - Sullivan & Cromwell LLP

[back to top]

Commercial lending
Commercial lending: advice to borrowers - ranked: tier 4

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP has an excellent track record for borrower work, particularly for corporate clients who take up about 70% of the team’s workload. The practice can regularly be found on some of the largest corporate deals to hit the market. Notably it acted as finance counsel for Gartner in the $3.9bn financing for its acquisition of CEB, a deal which involved several different debt instruments including an $800m bond offering. Another highlight was representing INC Research Holdings in a $3.1bn loan to finance its acquisition of inVentive Health. The firm was also active on the private equity front and represented Ares Management on the $680m financing required for its acquisition of a 70% stake in healthcare company DMG Practice Management Solutions. The highly rated John Estes and S. Neal McKnight jointly lead the team, which also includes the well-regarded Ari Blaut.

[back to top]

Financial services regulation
Financial services regulation - ranked: tier 1

Sullivan & Cromwell LLP

A perennial favourite for a vast array of financial services clients on many of their most pressing financial services regulation issues, Sullivan & Cromwell LLP displays an ‘unsurpassed breadth and depth’ of knowledge across standalone issues as well as regulatory-driven M&A activity in the industry. A ‘guru of the financial services regulation market’, Rodgin Cohen ‘shows no signs of slowing down’ and continues to be involved in many of the highest-profile financial services transactions in the market, including his work alongside Mitchell Eitel for First Horizon on its $2.2bn acquisition of Capital Bank Financial. Eitel also recently acted for NorthStar Asset Management Group on its $7bn all stock merger with NorthStar Realty Finance. The firm continues to cover the gamut of compliance and strategic work related to Dodd-Frank and in this regard, Whitney Chatterjee and Camille Orme have particular expertise advising foreign and domestic banks on Volcker Rule issues. The team has also been closely aligned to developments in the fintech sector where its client base includes both emerging entities as well as established banks looking to invest in start-ups in the sector. Recent highlights include advice in relation to the launch of Goldman Sachs Private Bank Select, a digital platform for making securities-based loans. Other recommended practitioners include Michael Wiseman, who is ‘vastly experienced’ across both standalone compliance matters and financial services M&A; Elizabeth Davy, who is noted for her anti-money laundering (AML) and sanctions expertise; Mark Menting, who has an excellent track record for handling financial services M&A and capital raisings; and Jared Fishman. Clients include Bank of China, JPMorgan Chase, Deutsche Bank and Barclays Bank.

Leading lawyers

Mitchell Eitel - Sullivan & Cromwell LLP

Rodgin Cohen - Sullivan & Cromwell LLP

[back to top]

Project finance
Project finance: advice to lender - ranked: tier 5

Sullivan & Cromwell LLP

Project finance: advice to sponsor - ranked: tier 1

Sullivan & Cromwell LLP

Overall service is excellent’ at Sullivan & Cromwell LLP where the New York-based team is ‘uniformly strong in intellect, negotiating, deal management, associate management and business judgement, as well as being pleasant people to deal with.’ The practice is particularly recommended for its work in the mining sector, where recent mandates include Sergio Galvis and Inosi Nyatta providing ongoing advice to Sierra Gorda on the finance for the Sierra Gorda copper-molybdenum project in Chile; and Galvis and Christopher Mann assisting sponsors with various copper mining projects in Peru. Another strength is the LNG sector; Nyatta and John Estes handled a number of billion-dollar mandates for Cheniere Energy concerning the Cheniere Corpus Christi LNG export facility, including a $1.5bn offering in senior notes. On the infrastructure side, Mann was active on investment work in the US and overseas, and in one key deal he advised Pocahontas Parkway and Macquarie on the $600m sale of the Pocahontas Parkway in Virginia to Globalvia.

Leading lawyers

Inosi Nyatta - Sullivan & Cromwell LLP

Sergio Galvis - Sullivan & Cromwell LLP

[back to top]

Restructuring (including bankruptcy): corporate
Restructuring (including bankruptcy): corporate - ranked: tier 5

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP’s restructuring and bankruptcy group is ‘excellent by any measure’ and has secured significant creditor and debtor engagements. In noteworthy company-side matters, the team advised Pacific Drilling on its Chapter 11 bankruptcy to reorganise $3bn of debt and represented Fiat Chrysler Automobiles in the complex cross-border reorganisation of Takata. Further demonstrating the firm’s cross-border capabilities, the group is also advising a bank steering committee on Abengoa’s Chapter 11 and Spanish insolvency proceedings. In another creditor-side highlight, the group is acting for Quality Care Properties as the largest creditor to HCR ManorCare, one of the largest operators of assisted-living facilities in the US. In addition, the practice acts for Ascent Resources and California Resources Corporation in out-of-court restructuring. The group, based in New York, is led by ‘excellent communicator and strategistAndrew Dietderich; Brian Glueckstein is another name to note.

Next generation lawyers

Brian Glueckstein - Sullivan & Cromwell LLP

[back to top]

Structured finance: derivatives and structured products
Structured finance: derivatives and structured products - ranked: tier 1

Sullivan & Cromwell LLP

The commodities, futures and derivatives group at Sullivan & Cromwell LLP has extensive experience of hedging and derivatives trading, as well as regulatory compliance and litigation. Kenneth Raisler and David Gilberg act as regulatory, compliance and investigation counsel for numerous proprietary and algorithmic trading firms, asset managers and alternative investment managers; the two partners also handled the establishment and/or registration of multiple exchanges in 2017, including American Financial Exchange and AGX Group. In addition to the department’s regulatory expertise, the team plays an integral role in complex commercial trading litigation; recent work includes defending Goldman Sachs against allegations of conspiracy to block exchange trading of interest-rate swaps. Other key contacts include Kathleen McArthur, who has acted for trading companies in CFTC investigations, and Rebecca Simmons.

Leading lawyers

Kenneth Raisler - Sullivan & Cromwell LLP

[back to top]

United States: Industry focus

Energy transactions: conventional power
Energy: transactions: conventional power - ranked: tier 2

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP’s New York-based team handled a number of deals in Latin America, including Christopher Mann acting for Colbún on its offering of notes due 2027. In the US, the firm’s significant investment bank following ensures that the team regularly acts as financial adviser on big-ticket mergers; Joseph Frumkin and Audra Cohen are acting for Morgan Stanley on Dynegy’s $20bn merger with Vistra Energy, and Stephen Kotran is counsel to Goldman Sachs on Great Plains Energy’s merger with Westar Energy.

Leading lawyers

Joseph Frumkin - Sullivan & Cromwell LLP

[back to top]

Energy transactions: oil and gas
Energy transactions: oil and gas - ranked: tier 2

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP’s New York office is regularly engaged on ‘board level’ international and domestic M&A and financings for midstream and downstream operators such as Tesoro and Transportadora de Gas. Recent work includes Joseph Frumkin and George Sampas advising Enbridge on its $43bn merger with Spectra Energy, and Inosi Nyatta and John Estes acting for Cheniere Energy on various billion-dollar bond offerings. Werner Ahlers and Christopher Mann were highly active for key client Canada Pension Plan Investment Board.

[back to top]

Energy: renewable/alternative
Energy: renewable/alternative - ranked: tier 4

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP is handling an increasing amount of renewables work from its New York office. Highlights included Inosi Nyatta advising JP Morgan on a virtual power purchase agreement and energy hedging arrangement in connection with the development of the Buckthorn Wind Project, and Sergio Galvis and Werner Ahlers acting for a consortium on its proposed approximately $1.4bn acquisition of Empresa de Generación Huallaga.

[back to top]

Environment: litigation
Environment: litigation - ranked: tier 4

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP’s client base includes global companies from the automotive, manufacturing, chemicals, petroleum, and mining sectors. The practice serves as national coordinating counsel for Volkswagen in multinational litigation and investigations stemming from clean diesel-related developments. The team also acted for Canadian Pacific Railway in environmental clean-up claims arising from a train derailment in Canada. In New York, Mark Rosenberg coordinates the group, and Robert Giuffra is also a key contact.

[back to top]

Environment: transactional
Environment: transactional - ranked: tier 3

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP regularly acts for global companies from the manufacturing, chemicals, petroleum and mining sectors, for whom it manages significant environmental issues during multi-jurisdictional and transformational commercial transactions. In cross-border, mega-deal highlights, the team advised German multinational Bayer on its acquisition of Monsanto Company, a publicly traded agrochemical and agricultural biotech corporation; the transaction required intensive investigation, analysis and negotiation of complex and significant environmental liabilities. New York-based Mark Rosenberg coordinates the firm’s environmental law and insurance groups; and Matthew Brennan is a key special counsel.

[back to top]

Insurance: non-contentious
Insurance: non-contentious - ranked: tier 1

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP is praised for its experience in cross-border M&A and capital markets transactions, as well as its strong regulatory capabilities. Stephen Kotran, who has ‘great technical skills’, Robert DeLaMater and Marion Leydier led advice for China Oceanwide Holdings Group on its $2.7bn acquisition of Genworth Financial. Andrew Gerlach represented GSO Capital Partners as part of an investor group providing equity financing in connection with CF Corporation’s $1.8bn acquisition of Fidelity & Guaranty Life, and also represents AIG, alongside Heather Coleman, in multiple matters involving Hamilton Insurance Group, including its memorandum of understanding (MOU) with Hamilton Insurance Group and Two Sigma Insurance Quantified, an independent affiliate of Two Sigma Investments, to expand their partnership with a view to leading the data-driven evolution of underwriting. William Torchiana, who is based across the New York and Paris offices, is also recommended. Named lawyers are based in New York unless otherwise stated.

Leading lawyers

Stephen Kotran - Sullivan & Cromwell LLP

[back to top]

United States: Investment fund formation and management

Alternative/hedge funds
Alternative/hedge funds - ranked: tier 5

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP handles a mix of regulatory and structuring work. Whitney Chatterjee advised Allianz Global Investors on its purchase of Sound Harbor Partners and advised Citadel on restructuring its management operations. Joseph Hearn is also a key contact, and Marc Trevino advises asset managers on executive compensation issues. Other clients include 40 North Management, Tudor Investment Corporation and York Capital Management. All named individuals are based in New York.

Next generation lawyers

Joseph Hearn - Sullivan & Cromwell LLP

[back to top]

Mutual/registered/ exchange-traded funds
Mutual/registered/exchange-traded funds - ranked: tier 4

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP handles a range of work and is particularly strong in trustee representations. John Baumgardner and Donald Crawshaw advise the independent trustees of the Deutche Bank closed-ended funds and those of several ETFs managed by Fidelity Investments. Baumgardner, Crawshaw and William Farrar advised NG Investment Corporation on its merger with TGC BDC, the first merger of affiliated business development companies handled via private placement. Other clients include Aberdeen Greater China Funds, the independent trustees of the AllianceBernstein Funds, Oaktree Capital Management and the International Swaps and Derivatives Association (ISDA). Named lawyers are based in New York.

[back to top]

Private equity funds (including venture capital)
Private equity funds (including venture capital) - ranked: tier 6

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP’s Whitney Chatterjee advises Goldman Sachs on various matters, including, recently, its formation of Broad Street Real Estate Credit Partners. Joseph Hearn handles both fund formations and manager M&A deals. Clients for limited partner work include China Investment Corporation. Both named lawyers are based in New York.

[back to top]

United States: Labor and employment

Employee benefits, executive compensation and retirement plans: transactional
Employee benefits, executive compensation and retirement plans: transactional - ranked: tier 1

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP recently represented Amazon in its acquisition of Whole Foods, and acted for AT&T in its $108.7bn takeover of Time Warner. Matthew Friestedt is currently advising Bayer on its $7bn pending sale of crop science assets to German company BASF, and is assisting China Oceanwide with its acquisition of Genworth Financial. Also notable are Heather Coleman and Washington DC-based special counsel Rebecca Coccaro, who is part of the team overseeing Praxair’s high-value merger of equals with Linde. The practice is headed by Marc Trevino and also includes special counsel Regina Readling, who counts several international entities in its client roster. Named individuals are based in New York unless otherwise stated.

Leading lawyers

Marc Trevino - Sullivan & Cromwell LLP

Matthew Friestedt - Sullivan & Cromwell LLP

Next generation lawyers

Heather Coleman - Sullivan & Cromwell LLP

[back to top]

United States: M&A/corporate and commercial

Corporate governance
Corporate governance - ranked: tier 1

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP handles a range of work around corporate transactions, as well as work concerning leadership changes and proxy contests. Francis Aquila, Marc Treviño and litigator Julia Jordan advised Cheniere Energy on a proxy contest and change of leadership, while Joseph Frumkin and Krishna Veeraraghavan advised a target of Elliot Management. Keith Pagnani spearheaded a team advising The Priceline Group on installing a new chairman and CEO. Treviño, who has executive compensation expertise, heads the practice. All named partners are based in New York.

[back to top]

M&A: large deals ($1bn+)
M&A: large deals ($1bn+) - ranked: tier 1

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP has a hugely impressive market share of marquee and transformational deals, and has a large number of senior dealmakers as well as an impressive pipeline of younger talent. The firm delivers ‘unsurpassed responsiveness, first-class advice and a deep bench on high judgment issues’. Eschewing growth through lateral hires, it has nurtured a cohesive group that has the benefit of decades of shared experience. For many clients, this makes the firm ‘top of class’ and ‘extraordinary’, with an ‘unrivalled depth of expertise in cross-border transactions’. With a large proportion of clients based outside of the US, the firm is consistently at the forefront of cross-border and multi-jurisdictional deals. It advised Praxair on its $73bn pending merger of equals with Linde, a deal involving US and German law and an all-stock merger leading to the creation of a new holding company incorporated in Ireland. In another headline deal, it advised Amazon.com on its $13.7bn acquisition of Whole Foods Market. Other clients include AT&T, Enbridge, Philips, United Rentals, Diageo, Delta Airlines and Nike. Managing partner of the M&A group Joseph Frumkin continues to be at the forefront of the market, including in energy and utilities, along with Francis Aquila and the ‘razor sharpAlison Ressler in Los Angeles. Keith Pagnani has made a big impression on the market thanks to a series of headline engagements, including the Praxair transaction; one client says he ‘brings demonstrable leadership to the negotiating table by combining business acumen and understanding of our industry with a very pragmatic, results-oriented approach’. Matthew Hurd is a major force in healthcare and life sciences deals, and George Sampas is noted for natural resources transactions. Eric Krautheimer is ‘a real M&A pro’, a ‘go-to lawyer’ who is ‘smart’ and ‘gets the deal done quickly’. Melissa Sawyer is another emerging talent along with Krishna Veeraraghavan, who is ‘one of the most intelligent attorneys’, ‘practical’ and ‘savvy’ according to one client. Named partners are New York based unless stated otherwise.

Leading lawyers

Alison Ressler - Sullivan & Cromwell LLP

Frank Aquila - Sullivan & Cromwell LLP

Joseph Frumkin - Sullivan & Cromwell LLP

[back to top]

Private equity buyouts
Private equity buyouts - ranked: tier 4

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP has a broad array of private equity, sovereign wealth fund and family office clients, and its strong M&A, leveraged finance, CFIUS, employee benefits, antitrust and tax credentials make it a genuine player in the market. The firm has impressed in the real estate private equity segment, with Anthony Colletta leading the team that advised Whitehall Street Global Real Estate on the $850m sale of portfolio company American Casino & Entertainment Properties to Golden Entertainment. Los Angeles-based heads of the private equity practice Alison Ressler and Rita-Anne O’Neill advised Ares Management on its $1.45bn strategic partnership with DuPage Medical Group. New York’s George Sampas and Brian Hamilton are also recommended, and Richard Pollack has relocated to London.

[back to top]

United States: Real estate

Real estate investment trusts (REITs)
Real estate investment trusts (REITs) - ranked: tier 3

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP’s ‘highly responsive and accurate group’ stands out for its ‘exceptional service’. The team regularly advises REITs and underwriters on public and private offerings, and also excels in REIT formation and tax issues. Transactional specialist and firm chairman Joseph Shenker is ‘a cut above’; he and capital markets specialist Robert Downes advised Clipper Realty on its $68.1m IPO. Arthur Adler is ‘very experienced’ and acted for Alexander’s on the $500m CMBS refinancing of an office condominium unit in New York. Other notable clients include Canada Pension Plan Investment Board, Forest City Enterprises and Vornado Realty Trust.

[back to top]

United States: Tax

Financial products
Financial products - ranked: tier 1

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP’s financial products team is led by the extremely well-regarded Ronald Creamer, who divides his time between the firm’s New York and London offices. Recent work for the team includes advising Bayer on the tax aspects of bond issuances linked to the financing of its $66bn takeover of Monsanto. Another highlight was advising Vornado Realty Trust on the tax-free spin-off of its Washington DC real estate business, in which Vornado shareholders will own a 74% stake. David Hariton comes highly recommended and recently advised Ascent Resources Subsidiaries on the tax aspects of its $1.5bn high-yield bond offering.

Leading lawyers

David Hariton - Sullivan & Cromwell LLP

[back to top]

International tax
International tax - ranked: tier 1

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP is noted for its tax planning expertise and its skill in resolving tax controversies, and has a particular focus on strategic and complex cross-border deals. Practice head Ronald Creamer has been advising Bayer AG on the tax aspects of its acquisition of Monsanto, and has been assisting the Canadian multinational energy transportation company Enbridge with tax issues pertaining to its merger agreement with Houston-based Spectra. Advising US-based multinational industrial gases company Praxair on the tax aspects of its merger of equals with German chemical company Linde AG was another key matter, led by Davis Wang. Of counsel Andrew Solomon and Isaac Wheeler, who was made partner in November 2017, are other names to note. Attorneys mentioned are based in New York.

Leading lawyers

Davis Wang - Sullivan & Cromwell LLP

Ronald Creamer - Sullivan & Cromwell LLP

[back to top]

US taxes: contentious
US taxes: contentious - ranked: tier 5

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP’s team is led by New York’s Ronald Creamer. Washington DC-based of counsel Donald Korb, who has significant experience in tax fraud and tax penalty cases, has been assisting venture capital firm Foundry Group with an IRS audit related to management fee waivers. Other highlights include acting for Fiat Chrysler Automobile in an ongoing EU investigation regarding a transfer pricing arrangement with Luxembourg, which has been declared by the European Commission to be unlawful state aid. Tamares Real Estate and GS Group are other notable clients. Counsel James Gadwood moved to Miller & Chevalier Chartered in September 2016.

[back to top]

US taxes: non-contentious
US taxes: non-contentious - ranked: tier 1

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP has ‘one of the top tax departments on Wall Street’, with ‘great market knowledge and a high level of responsiveness’. The team is especially active advising on M&A deals, but also advises on tax and regulatory aspects of capital markets and other financial transactions. Other industry strengths include real estate and oil and gas. Ronald Creamer advised Enbridge on its $43bn merger with Spectra Energy, while Andrew Mason and Isaac Wheeler, who was promoted to partner in January 2018, assisted AT&T with its purchase of Time Warner for $108.7bn. David Hariton advised PayPal on its spin-off from eBay as part of a structural reorganization. Further recommended are Eric Wang and the ‘very smart and creativeJeffrey Hochberg. Named attorneys are based in New York.

Leading lawyers

David Hariton - Sullivan & Cromwell LLP

Ronald Creamer - Sullivan & Cromwell LLP

Next generation lawyers

Eric Wang - Sullivan & Cromwell LLP

[back to top]


Further information on Sullivan & Cromwell LLP

Please choose from this list to view details of what we say about Sullivan & Cromwell LLP in other jurisdictions.

Australia

Offices in Melbourne and Sydney

China

Offices in Beijing

Germany

Offices in Frankfurt

France

Offices in Paris

Hong Kong

Offices in Hong Kong

Latin America: International firms

Japan

Offices in Tokyo

London

Offices in London

Philippines

United States

Offices in Washington DC, New York, Los Angeles, and Palo Alto

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to