Seeking to replicate its U.S. strategy of growing organically and hiring directly from law schools, Sullivan & Cromwell is set to launch its first graduate training program in London. Sullivan will take on its first trainees in fall 2013. Students will also be encouraged to apply for summer associate slots, which will start next year. Sullivan is hoping to attract between four and six trainees each year, with a similar number of summer slots. The firm will be targeting both law and non-law graduates.
In an attempt to recruit the best students, Sullivan is aiming to boost its image with UK students through a presence at graduate recruitment fairs. The London plan will be overseen by Jamie Logie, the firm’s Europe, Middle East and Africa projects head and corporate partner Benjamin Perry. The firm stated that as of 2013, first-year trainees will be paid nearly $80,000, rising to about $88,000 in the second year. The firm currently pays its new associates a salary of $155,500, plus a discretionary bonus. The trainees will also be eligible to receive a portion of any bonuses given to new associates.
