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, London, NY, Ontario and Paris.

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

New Social Networking App for Lawyers Launches

Sean Doherty : Law Technology News : October 16, 2014

An online social sharing application designed for lawyers debuts at the Legal Marketing Technology conference.

Covington Gets Qualcomm Call, Loses Two Litigators

Brian Baxter : The Am Law Daily : October 16, 2014

Wireless technology company Qualcomm tapped Covington & Burling to advise on its proposed $2.5 billion acquisition of CSR, a British chipmaker known for its Bluetooth technology. At the same time, the firm saw two top litigators handling Deepwater Horizon-related oil spill work for BP depart its Beltway base for Kirkland & Ellis.

How Global 100 Firms Rate on Pro Bono Work

Michael D. Goldhaber : The American Lawyer : October 15, 2014

Our first survey of pro bono efforts among non-U.S. global firms shows good effort—and room for improvement.

Dickstein Shapiro IP Group Defects, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : October 14, 2014

Manatt, Phelps & Phillips adds a three-partner West Coast IP team from struggling Dickstein Shapiro; Boies Schiller loses a litigator to Barclays, but grabs Al Franken's former general counsel; Davis Polk and Willkie Farr bring back partners from public service; and other notable hires from throughout The Am Law 200.

Geberit Taps Latham for $1.35 Billion Buy of Sanitec

Wenxiong Zhang : The Am Law Daily : October 14, 2014

The Swiss bathroom-piping maker said on Tuesday that it would purchase Sanitec Group, a Nordic ceramic toilet maker, for $1.35 billion in an all-cash deal.

With a Series of Star Hires, Freshfields Shifts Strategy in New York

Chris Johnson : Global Lawyer News : October 13, 2014

Elite U.K. firms have struggled to establish themselves as serious contenders in the United States, especially in big-ticket transactional work. Now Freshfields has recruited high-profile talent from Skadden, Wachtell, Fried Frank, and Shearman in a bid to challenge Wall Street firms on their own turf.

With a Series of Star Hires, Freshfields Shifts Strategy in New York

Chris Johnson : Global Lawyer News : October 13, 2014

Elite U.K. firms have struggled to establish themselves as serious contenders in the U.S., especially in big-ticket transactional work. Now Freshfields has recruited high-profile talent from Skadden, Wachtell, Fried Frank and Shearman in a bid to challenge Wall Street firms on their own turf.

Mayer Brown, A&O Fly in for GE's $1.78B Helicopter Lessor Buy

Brian Baxter : The Am Law Daily : October 13, 2014

The two firms are handling the $1.78 billion sale of Dublin-based Milestone Aviation Group to General Electric, which will absorb the helicopter lessor into its massive aircraft leasing division.

Do Foreign Firms Need a Hong Kong Law Practice?

Anna Zhang : The Asian Lawyer : October 13, 2014

The city's once-booming capital markets had prompted a big push into local law, but the slowdown that followed has forced at least one firm—Milbank—to reconsider. Still, others see value in the practice, though for different reasons. Here's why.

Former Class Action King Takes Control of NHL's Coyotes

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

A hat trick of firms—Blank Rome, Oslers and Shearman & Sterling—are advising on the $155 million sale of a 51 percent stake in the National Hockey League's Phoenix Coyotes to Andrew Barroway, a high-flying plaintiffs lawyer-turned-hedge fund executive.

Blank Rome Whistleblower Group Defects, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : October 10, 2014

One of the few whistleblower practices at an Am Law 100 firm is heading out on its own; fast-growing Parker Ibrahim & Berg raids Edwards Wildman Palmer to branch out in Boston; Ballard Spahr's mortgage banking head goes in-house; and more notable moves from throughout The Am Law 200.

Head Count Moves in Opposite Extremes at Patton Boggs, Stinson Leonard

Brian Baxter : The Am Law Daily : October 08, 2014

Legacy firm Patton Boggs, along with Kenyon & Kenyon, McKenna Long & Aldridge, Bingham McCutchen and Dickstein Shapiro, were the Am Law 200 firms that saw their attorney head counts drop the most over the past 12 months, according to data compiled by ALM's RivalEdge. A handful of Am Law 200 firms saw double-digit percentage increases, including Stinson Leonard Street, mostly as a result of mergers.

Davis Polk, Paul Weiss Get Bronzed on Chilean Copper Deal

Nathalie Pierrepont : The Am Law Daily : October 08, 2014

In-House at Large Public Companies

: New Jersey Law Journal : October 08, 2014

Chart tracking In-House Counsel at Large Public Companies.

Finalists Announced for The Asian Lawyer's Emerging Markets Awards

Tom Brennan : The Asian Lawyer : October 06, 2014

We've chosen a short list in 17 different categories for our inaugural awards recognizing the top matters and lawyers in Southeast Asia and India.

Billionaire Lawyer Fuels Four Firms With Energy Deal

Brian Baxter : The Am Law Daily : October 01, 2014

Andrews Kurth and Akin Gump Strauss Hauer & Feld are advising Enterprise Products Partners L.P., an energy pipeline investor headed by a Houston lawyer-turned-billionaire, on its $4.6 billion acquisition of a two-thirds stake in marine terminal operator Oiltanking Partners L.P., which has retained Skadden, Arps, Slate, Meagher & Flom and Vinson & Elkins. Enterprise plans to eventually take full control of Oiltanking in a deal valued at roughly $5.8 billion.

Law Firms React to Mass Protests in Hong Kong

Tom Brennan : The Asian Lawyer : September 30, 2014

Street demonstrations by tens of thousands of pro-democracy advocates have made commutes difficult and disrupted some office operations.

GSK's Record Fine Means More Compliance Work for Firms

Anna Zhang : The Asian Lawyer : September 29, 2014

A Chinese court recently handed down a $490 million penalty against the U.K. drugmaker for corruption, a sign the country's regulators are getting more aggressive with foreign companies. For investigations lawyers, it also signals a likely uptick in an already busy practice.

Bingham Starts Hiring Again, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : September 27, 2014

After months of partner departures, Bingham McCutchen has dipped into the lateral market to make some hires of its own by bringing on an energy partner in Washington, D.C., and a senior counsel in San Francisco. The Am Law Daily looks at those moves and other notable hires from throughout The Am Law 200.

Judiciary Law §487 Cases on the Rise After 'Amalfitano'

Andrew Lavoott Bluestone : New York Law Journal : September 25, 2014

Andrew Lavoott Bluestone discusses the recent history of Judiciary Law §487 which until 2009 was thought of as a quirky subset of legal malpractice and a fringe theory of law, but the Court of Appeals decision in 'Amalfitano v. Rosenberg' gave such causes of action newfound recognition and acceptance.

Akin Loses Two, But Again Raids Bingham, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : September 23, 2014

Bingham McCutchen lost four more partners to Akin Gump Strauss Hauer & Feld this week in Hong Kong and London, as the former continues to pursue a potential merger with Morgan, Lewis & Bockius. McCarter & English adds eight partners of its own through a merger, Jones Day hires another Latin American dealmaker and more notable moves from throughout The Am Law 200.

Lifetime Achiever: Robert Mundheim

Drew Combs : The American Lawyer : September 22, 2014

The Shearman & Sterling of counsel represented the Treasury Department in the Iranian hostage crisis.

Freshfields Adds Four But Loses One, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : September 20, 2014

The Magic Circle firm's New York hiring spree continued, although one partner has left the London-based legal giant's office in Washington, D.C., for a top in-house job at Chevron. The Am Law Daily looks at those moves and more in our latest tally of notable hires from throughout The Am Law 200.

Freshfields Poaches Fried Frank Capital Markets Team

Brian Baxter : The Am Law Daily : September 19, 2014

Valerie Ford Jacob, the head of the capital markets group at Fried, Frank, Harris, Shriver & Jacobson, is leaving with partners Michael Levitt and Paul Tropp to join Magic Circle firm Freshfields Bruckhaus Deringer in New York. The moves are the latest high-profile lateral hires by Freshfields in the U.S.

Jones Day Continues Deal Spree with SAP's Concur Buy

Brian Baxter : The Am Law Daily : September 18, 2014

German software giant SAP has turned to Jones Day and Paul, Weiss, Rifkind, Wharton & Garrison for its $8.3 billion acquisition of enterprise software company Concur Technologies. The deal is one of a handful of major software transactions announced so far this month and third major M&A mandate in a week for Jones Day.

Dentons' New LatAm CEO Eyes Mergers, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : September 17, 2014

Jorge Alers, a former head of the Latin American practice at two Am Law 100 firms and most recently general counsel for the Inter-American Development Bank, is on the lookout for potential combinations as the new CEO of Dentons' Latin American and Caribbean group. The Am Law Daily takes an in-house focused look at the latest round of notable hires from throughout The Am Law 200.

Freshfields Bags M&A Bigwig From Shearman & Sterling

MP McQueen : The Am Law Daily : September 16, 2014

The Magic Circle firm has hired Shearman's M&A partner Peter Lyons as it continues to boost its ranks in U.S. transactional work.

Lure of the Legal Giants, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : September 07, 2014

Baker & McKenzie, Jones Day, Norton Rose Fulbright and Squire Patton Boggs all experienced churn to their robust partnership ranks in the first week of September; a high-profile in-house lawyer joins Ballard Spahr as a Bingham McCutchen partner heads the other way; and Milbank brings on a top federal prosecutor in our latest look at notable hires from throughout The Am Law 200.

The American Lawyer Announces 2014 Lifetime Achievement Awards

: The American Lawyer : September 05, 2014

Our 11th annual awards honor distinctive careers and public service.

SEC Names First Ombudsman

Jenna Greene : Legal Times : September 05, 2014

The U.S. Securities and Exchange Commission on Friday named its first-ever ombudsman, Tracey McNeil, a former Hunton & Williams lawyer who is a senior counsel in the SEC's Office of Minority and Women Inclusion.