GCR 100 - 12th Edition

Sullivan & Cromwell

30 January 2012

United States: New York

New York heavyweight Sullivan & Cromwell has long had a stake in Wall Street and New York’s considerable financial services industry. Sources here say it’s one of the few remaining homegrown New York industries. And since the global financial crisis crested in 2008, it’s been a frequent target of both antitrust enforcers and the private bar. That combination has positioned the widely respected antitrust team at Sullivan as one of the busiest practices in the city.

The eight-partner team, including Who’s Who Legal nominees Yvonne S Quinn and Steven L Holley, is part of the firm’s litigation group, but Holley says the group’s lawyers do it all, from courtroom battles to mergers and counselling. While the firm has an extensive presence around the country and in other jurisdictions - including the firm’s 35-year-old office in London - Holley says New York still leads the firm’s antitrust work. “I still think New York is the focus of the practice,” he says.

The firm’s institutional client relationships are deep. Goldman Sachs and JPMorgan are among the Wall Street companies the firm advises, and both have recently required antitrust advice. But the antitrust team’s reach extends far beyond Wall Street. Microsoft continues to take much of the team’s time. The firm is currently defending the company at trial against rival Netscape’s monopolisation claims. It is also advising the company in its purchase of Skype, and is acting for Microsoft-led consortium CPTN Holding’s purchase of patents from Novell. Other clients include Yelp and Nasdaq.

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