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

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.

Hogan Lovells Introduces Community Service Mandate to All Employees

Nell Gluckman : The Am Law Daily : February 11, 2015

The firm has put in place a new policy that requires each of its more than 5,000 employees in about 25 countries to devote 25 hours per year to community service. The policy is unique because it does not just apply to lawyers, and it will encompass the international offices.

White-Collar Crime

: New York Law Journal : February 09, 2015

In this Special Report from the New York Law Journal, brought to you free by : "Criminalizing Fraud in Minority- and Women-Owned Business Certification," "Circuits Are Split on Crime-Fraud Exception's Reach," "The Gift of 'Newman'" and "A Bribe Is a Bribe: FCPA's Influence on International Arbitration."

An Early Look at The 2015 Am Law 100

: The American Lawyer : February 09, 2015

The Am Law Daily's early coverage of 2014 financial results of The Am Law 100/200 includes an examination into what's going on behind the numbers. This list will be updated as new results become available. Final rankings and full results for The Am Law 100 will be published in The American Lawyer's May 2015 issue and The Am Law Second Hundred will be published in the June issue.

Dentons, Shearman See Africa Rising

Julie Triedman : The Am Law Daily : February 05, 2015

The two Am Law 100 firms are poised to set up shop in Johannesburg and Cairo, respectively.

King & Wood Mallesons to Open in Singapore

Anna Zhang : The Asian Lawyer : February 03, 2015

The firm announced it plans to launch by early spring, after this week receiving a foreign law practice license from city-state regulators.

The Lateral Report: 2014's All-Star Hires

: The American Lawyer : February 03, 2015

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

Latham Bags Four to Bolster IP, Private Equity Groups

Brian Baxter : The Am Law Daily : February 02, 2015

A month after seeing its longtime leader retire, Latham & Watkins lured four key partners to its ranks in Germany and Washington, D.C., with raids on Magic Circle firm Clifford Chance and noted IP litigation shop Finnegan, Henderson, Farabow, Garrett & Dunner.

New York Promotions Remain Steady, While Firmwide Numbers Increase

Christine Simmons : New York Law Journal : February 02, 2015

The number of New York lawyers promoted to partner at the largest law firms in the state is holding steady, while several firms are increasing partner promotions firmwide.

Movers

: The National Law Journal : February 02, 2015

Laterals and new arrivals in this week's column.

The Asian Lawyer Announces Finalists for Asia Legal Awards 2015

Nick Ferguson : The Asian Lawyer : February 02, 2015

We reveal the contenders for our annual awards ahead of a gala dinner in Hong Kong on March 3.

Shearman Knocks Out Driver Screening IP Suit Against Daimler

Scott Flaherty : The Litigation Daily : February 01, 2015

Siding with Daimler AG's lawyers at Shearman & Sterling, a federal judge in Chicago threw out a patent for detecting if a driver is impaired.

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

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.