Shearman & Sterling Law Firm Profile

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IN-DEPTH RESEARCH REPORT
on Shearman & Sterling LLP

  • - Financial Information
  • - Compensation
  • - Billing Rates
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  • - Pro bono
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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

Foreign Corrupt Practices: The Global Trend

Nicholas M. De Feis and Philip C. Patterson : New York Law Journal : January 30, 2015

In their International Criminal Law and Enforcement column, Nicholas M. De Feis and Philip C. Patterson discuss the recent increase in international bribery enforcement. But apart from increasing global risks of investigations and prosecution, bribery imposes economic costs that further weigh in favor of anti-bribery vigilance.

Big Suits

David Bario, Scott Flaherty and Rebekah Mintzer : The American Lawyer : January 29, 2015

U.S. v. Newman and Chiasson; In Re Forex Benchmark Rates and Antitrust Litigation; Harris Country v. International Paper; In re Bernard L. Madoff Investment Securities; SimpleAir v. Google

The Lateral Report: 2014's All-Star Hires

: The American Lawyer : January 29, 2015

Twenty of the most notable and intriguing lateral moves of the year.

Banks Lose Bid to Escape Forex Antitrust Class Action

Scott Flaherty : The Litigation Daily : January 28, 2015

A Manhattan federal judge on Wednesday delivered an early-inning win to plaintiffs lawyers at Hausfeld LLP and Scott & Scott in a suit accusing a dozen major banks of widespread manipulation of the $5 trillion-a-day foreign exchange market.

Banks Lose Bid to Escape Forex Antitrust Class Action

Scott Flaherty : Commercial Litigation Insider : January 28, 2015

Less than a month after JPMorgan Chase & Co. reached a settlement in the case, U.S. District Judge Lorna Schofield refused to dismiss consolidated class action claims against a group of financial industry giants including Bank of America Corp., Barclays PLC and Citigroup Inc. Schofield held that the plaintiffs plausibly alleged an antitrust conspiracy in which the banks' top forex traders agreed to rig the market for more than a decade.

Sidley Austin Poaches Wilson Sonsini's Beijing Head

Anna Zhang : The Asian Lawyer : January 27, 2015

Capital markets partner Kefei Li has advised Chinese companies on IPOs in Hong Kong and the United States.

Legal Tech News Desk Jan. 27

Monica Bay : Law Technology News : January 27, 2015

LTC4 adds firms; sneak peeks at Exhibit Hall; new COE at TitanFile.

McDermott Taps New COO, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : January 25, 2015

Two firms shuffling their COOs saw partners depart in January; DLA Piper and Kirkland & Ellis make some high-profile labor and employment hires; Quinn Emanuel grows in Houston; Wilmer raids MoFo for a new cybersecurity chair; and other notable additions from throughout The Am Law 200.

IN BRIEF: Water Dispute Expedited

: The National Law Journal : January 19, 2015

A special master is resisting further delay in water-rights litigation between Florida and Georgia. Ralph Lancaster Jr. gave the states until mid-July to complete written discovery in their dispute over water from the Chattahoochee and Flint rivers. Plus more from NLJ.com and other ALM publications.

Shearman, Davis Polk on China's $1.4B European Hotel Buy

Anna Zhang : The Asian Lawyer : January 15, 2015

King & Wood Mallesons and Baker & McKenzie are also among the firms helping state-owned Shanghai Jin Jiang acquire France's Groupe Du Louvre.

Leading 2014 M&A Transactions

: New Jersey Law Journal : January 15, 2015

The leading M&As of 2014, where the target or acquirer was based in NJ.

New Jersey M&A Market Finally Rebounds in 2014

David Gialanella : New Jersey Law Journal : January 15, 2015

It proved to be a strong rebound year in 2014 for mergers and acquisitions in the U.S., and dealmaking involving New Jersey corporations was no exception. It's a long-awaited development M&A lawyers chalked up largely to a return of confidence to the marketplace.

Two Legal Search Firms Battle over Trademark

Julie Triedman : The Am Law Daily : January 15, 2015

Lateral.ly, a startup legal recruitment firm with a novel online jobsearch platform, is locked in a bitter trademark suit with a larger rival. On Monday, a judge denied an early injunction that could have shut it down.

Scam Artists Pose as Am Law 100 Firms in Email Hoax

Nell Gluckman : The Am Law Daily : January 13, 2015

Firms such as Baker & McKenzie and Sherman & Sterling have begun to see their names used in scam emails enticing people to click on bad links or hand over sensitive information.

Deal of the Week: Firm Cements $1.4 Billion Deal

Brenda Sapino Jeffreys : Texas Lawyer : January 12, 2015

Jeffrey Chapman, a Gibson, Dunn & Crutcher partner in Dallas, and New York partner Joerg Esdorn lead deal team for Lone Star Funds.

On the Move

: New York Law Journal : January 08, 2015

Promotions and additions at Herrick, Feinstein; Haynes and Boone; Gibson Dunn; Paul Weiss; Shearman & Sterling; Quinn Emanuel; and Salenger, Sack, Kimmel & Bavaro.

Firm Cements $1.4 Billion Deal

Brenda Sapino Jeffreys : Texas Lawyer : January 06, 2015

Jeffrey Chapman, a Gibson, Dunn & Crutcher partner in Dallas, and New York partner Joerg Esdorn lead deal team for Lone Star Funds.

JPMorgan Inks Deal to Exit Forex Antitrust Case

Scott Flaherty : The Litigation Daily : January 05, 2015

JPMorgan Chase & Co. and its lawyers at Skadden, Arps, Slate, Meagher & Flom have laid down their arms in antitrust litigation accusing a dozen banks of manipulating foreign exchange rates.

Taming the Beast

Anna Zhang : The Asian Lawyer : January 01, 2015

As China cracks down on corruption, international firms with FCPA expertise are gearing up.

Big Deals

Rebecca Geiger : Focus Europe : January 01, 2015

Billion-dollar transactions in France, the United Kingdom, Germany, Spain, Italy, and the Nordic countries.

Big Deals

Rebecca Geiger : The Asian Lawyer : January 01, 2015

Asia's Biggest-Ticket Recent Transactions

Asian-American Lawyers: Doing Great—and Unhappy

Vivia Chen : The American Lawyer : December 29, 2014

By most measures, Asian-Americans are doing better than other minorities at law firms. So why are they so disenchanted?

Uncle Sam's Getting Stingy With Lawyers

Andrew Ramonas : The National Law Journal : December 15, 2014

The federal government during 2014 awarded more than 1,900 contractors legal services work valued at $508.8 million, the smallest pool of money since at least 2008. More than half of the money came from the U.S. Department of Justice.

Wintry Windfall: Cahill Rewards Associates With Bigger Bonuses

Nathalie Pierrepont : The Am Law Daily : December 12, 2014

The Am Law 100's year-end associate bonus bonanza continued Friday as Cahill Gordon & Reindel once again blew past its competitors by rewarding its junior lawyers with a whopping wintry windfall ranging from $15,000 to $115,000.

Lawyers Take Their Place on Year-End Lists of Top Hollywood, Sports Luminaries

Brian Baxter : The Am Law Daily : December 11, 2014

Lawyers love their lists, and more than a few with Am Law 200 ties appear on annual compilations of dealmakers and powerbrokers by entertainment industry trade publications like The Hollywood Reporter, Variety and SportsBusiness Journal.

Sullivan & Cromwell, Cleary Meet Davis Polk on Associate Bonuses

Nathalie Pierrepont : The Am Law Daily : December 11, 2014

Sullivan & Cromwell and Cleary Gottlieb Steen & Hamilton match Davis Polk & Wardwell's associate bonuses, surpassing the market standard for midlevel associates.

Litigators of the Week: Stephen Fishbein, John Nathanson and Mark Pomerantz

David Bario : The Litigation Daily : December 11, 2014

Shearman & Sterling's Fishbein, who argued the successful insider trading appeal in alongside Mark Pomerantz of Paul Weiss, says it's wrong to think that the Second Circuit made insider trading too tough to prove. But, he says, "it's going to be harder to prove when the defendants are innocent."

Second Circuit to Insider Traders: Trade Away!

Susan Beck : The Litigation Daily : December 10, 2014

Are you looking to make extra money trading on inside information, but worried about the risks? The U.S. Court of Appeals for the Second Circuit has good news for you.

Get It While You Can

Vivia Chen : The Careerist : December 10, 2014

What's up with all these eye-popping bonuses?

Skadden Adds Top French Dealmaker, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : December 09, 2014

A leading French M&A lawyer heads to Skadden, Arps, Slate, Meagher & Flom in Paris; King & Spalding brings back a former partner and sees its M&A cohead head to the NFL; Squire Patton Boggs makes it rain Down Under and other notable hires from throughout The Am Law 200.