The Am Law 100 firm, despite repeated denials, is considering a plan to remove some partners from the equity ranks in order to boost profits. Shearman & Sterling has watched its finances slip in recent years.
September 20, 2016 at 05:20 PM
1 minute read
Shearman & Sterling is considering demoting some of its equity partners in a bid to boost profitability and focus the business around priority practice areas, The Am Law Daily has confirmed.
The issue may be discussed as soon as Wednesday at a meeting between the firm’s global and regional managers in New York, a Shearman & Sterling partner earlier told sibling publication Legal Week, and now a second partner at the firm confirmed.
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