Shearman & Sterling Law Firm Profile

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IN-DEPTH RESEARCH REPORT
on Shearman & Sterling LLP

  • - Financial Information
  • - Compensation
  • - Billing Rates
  • - Lateral Partner Moves
  • - Pro bono
  • - Key Contacts

Shearman & Sterling LLP

  • Designation: New York
  • Head Count: 809
  • Gross Revenues: $820,500,000
  • Revenue Per Lawyer: $1,015,000
  • Profits Per Partner: $1,800,000
  • Year Over Year Change: 2

Shearman & Sterling is a New York-based law firm.  According to the National Law Journal's 2014 NLJ 350 ranking of firms based on size, Shearman & Sterling has 809 attorneys and is the 41st largest firm in the United States.  With $820,500,000 in gross revenue in 2013, the firm placed 33rd on The American Lawyer's 2014 Am Law 200 ranking.  On the 2013 Global 100 survey, Shearman & Sterling ranked as the 41st highest grossing law firm in the world.  The firm has offices in CA, DC and NY.

Firm Rankings

Survey Rank Year Over Year Change Description
Am Law 100 33 2 Gross revenue
Am Law 200 33 2 Gross revenue
NLJ 250 41 -7 Lawyer head count
The A-List 24 -14 Overall excellence
Pro Bono Scorecard 26 -13 Pro-bono commitment
Diversity Scorecard 15 6 Minority head count
Midlevel Associates Survey 60 19 Job satisfaction
Summer Associates Survey 75 12 Summer programs

In the News

Does Morgan-Stamford Merger Signal New Model for Singapore?

Anna Zhang : The Asian Lawyer : March 23, 2015

Fifteen years after the city-state first allowed foreign law firms to partner with local ones, Singapore's lawyers are still looking for the best way to internationalize their practice. The Morgan Lewis-Stamford merger is just the latest in a long line of, often times, unsuccessful attempts.

HSF's Southeast Asia Energy Head Leaves for King & Spalding

Anna Zhang : The Asian Lawyer : March 23, 2015

Richard Nelson is among a spate of departures from Herbert Smith Freehills' Asia offices in recent months.

On the Move

: New York Law Journal : March 23, 2015

Nine firms, including Blank Rome, Dickstein Shapiro and Paul Hastings, announce new additions.

Cahill Taps Cadwalader for Securities Enforcement Head

Brian Baxter : The Am Law Daily : March 19, 2015

Bradley Bondi, head of the securities enforcement and investigation group at Cadwalader, Wickersham & Taft, has joined Cahill Gordon & Reindel in a rare lateral hire by the Wall Street firm. Bondi, who will work out of New York and Washington, D.C., will lead Cahill's securities enforcement and regulatory group.

From Kasowitz to Kickstarter: Iraq Vet Eyes Medical Records Revolution

: The Am Law Daily : March 19, 2015

L. Okey Onyejekwe Jr., an Iraq War veteran and IP litigation partner with Kasowitz, Benson, Torres & Friedman in Silicon Valley, left the firm last month to focus on Zobreus Medical Corp., a startup mobile and health technology company that launched a Kickstarter campaign this week to revolutionize medical records.

Movers

: The National Law Journal : March 16, 2015

Laterals and new arrivals in this week's column.

Musical Chairs at McKenna Long, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : March 15, 2015

McKenna Long & Aldridge, poised to vote Monday on a union with Dentons, saw two new partners depart because of conflicts; Morgan Lewis lures eight partners in Dallas ahead of another merger in Singapore; Winston & Strawn poaches 10 more partners from Pillsbury; and other notable moves from throughout The Am Law 200.

UBS Is Latest to Settle Foreign Exchange Rigging Suit

Scott Flaherty : The Litigation Daily : March 15, 2015

Lawyers at Hausfeld LLP and Scott & Scott announced the $135 million settlement on Friday. Ten other major banks remain in the plaintiffs' sights for allegedly manipulating the $5 trillion-a-day forex market.

The Am Law 100, the Early Numbers: Elite New York Firms Once Again Break From the Pack

Julie Triedman : The Am Law Daily : March 13, 2015

The top New York-centered firms outperformed their rivals in 2014. Revenue grew an average of 4.5 percent at 17 top firms based in the Big Apple, while profits per partner rose 5.6 percent, according to reporting by The American Lawyer.

New Law Deans Inbound in Cincinnati, Dayton

Karen Sloan : The National Law Journal : March 12, 2015

Two Ohio law schools have new deans on tap.

Shearman Takes Kirkland China M&A Partner

Anna Zhang : The Asian Lawyer : March 11, 2015

Stephanie Tang specializes in delisting Chinese companies from U.S. exchanges.

Shearman & Sterling's Richard Hsu

Scott Graham : The Recorder : March 09, 2015

The IP expert chats about his podcast interviewing lawyers about their passions.

Littler Goes to Guatemala, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : March 08, 2015

Littler Mendelson's Swiss verein enters Guatemala, as the global labor and employment firm loses a six-lawyer team in Atlanta; Covington & Burling opens in Los Angeles; Paul Hastings' hiring spree extends to Brazil; and other notable additions from throughout The Am Law 200.

The Am Law 100, the Early Numbers: O'Melveny Down, But Eyes Rebound

Brian Baxter : The Am Law Daily : March 07, 2015

O'Melveny & Myers saw gross revenue, profits per partner, revenue per lawyer and attorney head count all fall in 2014 as the firm sought to refill a pipeline of high-end litigation work. Bradley Butwin, chairman of the firm, spoke with The Am Law Daily about O'Melveny's performance and its outlook for the future.

Paul Hastings' Hiring Spree Continues With Magic Circle Raid

Brian Baxter : The Am Law Daily : March 06, 2015

The Los Angeles-based firm, which saw partner profits rise 8.5 percent in 2014, has picked up three partners from Allen & Overy and a new office in Brazil in the wake of other recent hires of note from Fried, Frank, Harris, Shriver & Jacobson and Shearman & Sterling.

Deal Watch: Three Am Law Firms Lead on AbbVie's $21 Billion Pharma Buy

Jennifer Henderson : The Am Law Daily : March 05, 2015

Big Pharma tops our latest roundup of deals worth $1 billion or more, with AbbVie Inc. agreeing to purchase cancer-drug maker Pharmacyclics Inc. for $21 billion. Skadden, Arps, Slate, Meagher & Flom advised on the most number of billion-dollar deals this week, with four, while Wachtell, Lipton, Rosen & Katz led the way by transaction value.

Winners Announced for Asia Legal Awards 2015

: The Asian Lawyer : March 04, 2015

On Tuesday night, The Asian Lawyer held its second annual Asia Legal Awards, celebrating the region's top law firms. As promised, here's the list of lucky winners.

Fried Frank and Paul Hastings Poach IP Heads, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : March 03, 2015

Patterson Belknap and Shearman & Sterling lose a pair of IP practice leaders; Cadwalader rebuilds in Houston; more Bingham McCutchen refugees find new homes; and other notable hires from throughout The Am Law 200.

Lawyers Brace for Diversity Mandates in Dodd-Frank Act

Gina Passarella : The Legal Intelligencer : March 02, 2015

When the Dodd-Frank Act was passed in 2010, the sweeping financial industry regulations got a lot of attention from the scores of entities under its reach and the law firms that represented those institutions. But five years later, a sometimes-overlooked section of the law now has employment lawyers busy and some clients behind the compliance 8-ball.

March Deals & Suits

: Corporate Counsel : March 01, 2015

Phishing With Big Law as Bait

Nell Gluckman : The American Lawyer : February 26, 2015

Online scammers are using law firm names to attract their victims.

Deal Watch: Sullivan & Cromwell Advise Valeant on $10.1 Billion Buy of Salix

Jennifer Henderson : The Am Law Daily : February 26, 2015

Our latest roundup of deals worth $1 billion or more includes Valeant Pharmaceuticals International Inc.'s purchase of Salix Pharmaceuticals Ltd. for $10.1 billion; Asahi Kasei Corp.'s buy of Polypore International Inc. in a deal valued at $3.2 billion; and a merger between silicon producers Grupo FerroAtlántica and Globe Specialty Metals Inc. for a combined value of $3.1 billion. Latham & Watkins advised on the most number of deals, with four, while Sullivan & Cromwell led the way in terms of transaction value.

Big Deals

: The American Lawyer : February 26, 2015

Shire / NPS; HeidelbergCement Asset Sale; Shake Shack IPO; Marlin / NuDevco / Azure; Facebook / Wit.ai / Quickfire; OnCore/ Tekmira

The Am Law 100, the Early Numbers: Shearman Builds on Breakout 2013

Michael D. Goldhaber : The Am Law Daily : February 25, 2015

Shearman & Sterling climbed another rung up the profitability ladder in 2014, boosting profits per partner by 5.8 percent, from $1.8 million to about $1.9 million last year. The firm recorded more modest increases of 1.5 percent in revenue per lawyer and 3 percent in gross revenue.

Greenberg Traurig Grows in Chicago, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : February 22, 2015

A Chicago boutique is absorbed by Greenberg Traurig; a Gibson Dunn practice leader heads out on his own; Sidley Austin and Steptoe & Johnson each add a trio; and other notable hires from throughout The Am Law 200.

Deal Watch: Skadden, Freshfields Advise Pair of Can Makers on $6.8 Billion Deal

Jennifer Henderson : The Am Law Daily : February 19, 2015

Ball Corp.'s acquisition of fellow can maker Rexum PLC tops our latest roundup of deals worth $1 billion or more, with Skadden, Arps, Slate, Meagher & Flom advising on the most number of deals.

Attorney Is Returning to Bankruptcy Bench

Christine Simmons : New York Law Journal : February 13, 2015

James Garrity Jr., co-head of Morgan Lewis & Bockius' bankruptcy and restructuring practice, has been reappointed as a bankruptcy judge for the Southern District.

NYLJ's Diversity Initiative Honorees 2015

: New York Law Journal : February 13, 2015

The New York Law Journal's Diversity Initiative Project 2015 recognizes commitment to creating a diverse legal community and sustained efforts to reach that goal.

White & Case, Shearman on $1.7B Thai Telecom IPO

Anna Zhang : The Asian Lawyer : February 12, 2015

Jasmine International is spinning off its fiber-optic cable business to raise money for the expansion of its national broadband network.

This Week's Deals

David Ruiz : The Recorder : February 12, 2015

A round-up of transactions involving Bay Area lawyers and companies.