Since Algernon Sydney Sullivan and William Nelson Cromwell opened their eponymous law firm in 1879, Sullivan & Cromwell has become a go-to practice for the most important companies in the world, from General Electric to Goldman Sachs.
In 2021, the white-shoe firm began working with an upstart entrepreneur who was both figuratively and literally far from its Wall Street base, but one who some believed could be the next global financial titan. FTX, headquartered in the Bahamas, was still a very young company, but its founder, Sam Bankman-Fried, was emerging as the respectable if eccentric face of the rising cryptocurrency industry.
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