Sullivan & Cromwell Partnership Agreement

It’s relatively rare to get public access to a major law firm’s partnership agreement. Courtesy of a plaintiff, here is a copy of the 1994 Sullivan & Cromwell partnership agreement (starting on page 27) [warning: 3MB file]. I didn’t see anything really earth-shattering (especially because the most interesting decision-making is delegated to a partnership committee), but the payments on termination/retirement are interesting/complex, as are the restrictions on a departing partner’s practice (see paragraph 5.6).

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