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

Asia Deal Digest: Nov. 27, 2014

Tom Brennan : The Asian Lawyer : November 27, 2014

*Allens, Minters on Sao Paulo-based JBS's $1.2 billion offer for Australia's Primo Smallgoods*Drew & Napier acts for property developer CapitaLand on real estate deal in Indonesia*Khaitan, Clifford Chance, Luthra on Calcutta Electric Supply's share sale in India

Solyndra's Antitrust Foes Can't Get Docs It Gave to Feds

Ross Todd : The Recorder : November 25, 2014

The defunct solar panel maker doesn't have to turn over millions of records produced in government probes to three Chinese companies it's suing for antitrust violations, a federal magistrate judge ruled.

The Asian Lawyer Emerging Market Awards

Nick Ferguson : The Asian Lawyer : November 24, 2014

Many of Asia's leading legal practitioners gathered at the Fullerton hotel in Singapore on Nov. 19 to join The Asian Lawyer in celebrating the best transactions and recognising the best lawyers in the region as part of our inaugural Emerging Markets Awards. Here's a rundown of the winners and the reasons why they were chosen.

In-house Compliance Counsel Joins TRACE Team

Sue Reisinger : Corporate Counsel : November 21, 2014

Michael Ward, deputy general counsel at Cisco Systems Inc. and former compliance chief for several major corporations, has joined TRACE International.

Asia Deal Digest: Nov. 20, 2014

Tom Brennan : The Asian Lawyer : November 20, 2014

*HSF leads $1.2 billion transfer of power assets within state-run China Huaneng Group*Allen & Overy, Ashurst on $2.8 billion financing of Indonesian natural gas project*Cleary Gottlieb, Paul Hastings on Samsung SDS's $1.1 billion IPO in Korea

Movers

: The National Law Journal : November 17, 2014

Laterals and new arrivals in this week's column.

Representing Corporate New Jersey

: New Jersey Law Journal : November 14, 2014

A chart of 114 law firms used most frequently by 30 New Jersey companies.

Career Fair Planned For Lawyers in Military Service

Katelyn Polantz : Legal Times : November 11, 2014

Washington will host a first-of-its-kind legal career fair for military veterans next year, Orrick announced Tuesday. The fair will take place May 1 and May 2.

Curtis, Mallet-Prevost Plants Second Flag in Italy

Nathalie Pierrepont : The Am Law Daily : November 10, 2014

New York-based Curtis, Mallet-Prevost, Colt & Mosle is opening an office in Rome with the addition of two partners focused on banking and finance and real estate.

SEC's Administrative Enforcement Intensifies Fairness Debate

William F. Johnson and Amelia R. Medina : New York Law Journal : November 06, 2014

In their Corporate Crime column, William F. Johnson and Amelia R. Medina discuss the SEC's increasing use of the administrative forum for litigating enforcement actions over its more traditional choice, federal district court.

Marketplace

Monica Paquette : New York Law Journal : November 05, 2014

Boutique law firm Bleichmar Fonti Tountas & Auld has a new office at 7 Times Square. Also, a joint venture of Ashkenazy Acquisition Corporation and Deka Immobilien GmbH has acquired a two-level luxury retail condominium at 522 Fifth Ave. from Morgan Stanley for about $170 million.

On the Move

: New York Law Journal : November 04, 2014

Eight firms announce new additions, while Nancy Hoppock has been named first deputy director of the Mayor's Office of Criminal Justice.

Freshfields Takes On the Wall Street Elite

Chris Johnson : The American Lawyer : October 29, 2014

Will Freshfields's splashy new hires in New York allow it to attain the first-tier status in dealmaking that has eluded Magic Circle firms in the United States?

Who in Big Law Cut Checks for the Midterms?

Katelyn Polantz : Legal Times : October 28, 2014

The NLJ looks at how the legal industry supports certain interests and people, and where lobbying horsepower could focus in the coming years. In this report, we've highlighted midterm election contributions to three powerful members of Congress.

Edwards Wildman Trio Departs, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : October 28, 2014

Three more Edwards Wildman Palmer partners head elsewhere amid the firm's looming merger vote with Locke Lord; Kirkland's latest lateral raid targets Skadden; a Bingham McCutchen restructuring partner heads in-house; Tom Daschle joins forces with Baker Donelson; and more notable hires from throughout The Am Law 200.

FINRA Proposes Margin Requirements for the TBA Transactions Market

Daniel Budofsky, Russell Fecteau, and Matthew Bohenek : New York Law Journal : October 27, 2014

Daniel Budofsky, Russell Fecteau and Matthew Bohenek of Bingham McCutchen summarize the proposed amendments to FINRA Rule 4210 and discusses the key themes raised during the comment process, some of which may be addressed when FINRA files the amendments with the SEC.

On the Move

: New York Law Journal : October 22, 2014

Kramer Levin, White & Case, Borah Goldstein and Bracewell & Giuliani have each added attorneys, while White & Case has promoted four attorneys to partner.

Marketplace

Monica Paquette : New York Law Journal : October 22, 2014

While retaining majority interest in three high-profile office buildings, Boston Properties Inc. has announced an agreement to sell a 45 percent interest in 601 Lexington Ave., at East 53rd Street in Manhattan, along with two other office buildings in Boston. Also, Elite SEM has signed a seven-year lease at 142 W. 36 St.

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.