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 2012 Global 100 survey, Shearman & Sterling ranked as the 42nd 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

Personal Notes on Lawyers

: New York Law Journal : September 02, 2014

McDermott Will & Emery has added Alysse McLoughlin as a partner, rejoining the firm from Barclays; P.J. Forcino has joined Meyer Suozzi as executive director; and Wilson Sonsini has added Benjamin Hoch; among other moves.

Movers

: The National Law Journal : September 01, 2014

Lateral moves and new arrivals in this week's column.

Kirkland IP Duo Departs, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : August 29, 2014

Two more IP litigation partners leave Kirkland & Ellis, a Bingham McCutchen corporate partner goes in-house, Jones Day scores a Latin American dealmaker and Ropes & Gray grabs a high-profile private equity partner in our latest look at notable hires from throughout The Am Law 200.

Asia Deal Digest: Aug. 28, 2014

Anna Zhang : The Asian Lawyer : August 28, 2014

*Kirkland & Ellis advises Orchid Asia on $920 million China fund*HSF, KWM lead AGL's $1.1 billion rights issue for MacGen acquisition*Simpson Thacher, Gunderson Dettmer on Murata's $465 million acquisition of chipmaker Peregrine

2014 Lifetime Achievers

: The American Lawyer : August 27, 2014

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

A $50 Billion Payoff: Shearman's Winning Yukos Strategy

Michael D. Goldhaber : The American Lawyer : August 27, 2014

Ten years after Russia seized oil giant Yukos, arbitrators found it liable for a record sum. The inside story of Shearman & Sterling's successful plan.

Jones Day Nabs Shearman's LatAm M&A Head

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

Michael McGuinness, a corporate partner and former head of the Latin American M&A practice at Shearman & Sterling in New York, has left the firm for Jones Day, which over the past year has sought to slake its thirst for south-of-the-border clients by opening an office in Miami and making key lateral hires.

Lifetime Achiever: Robert Mundheim

Drew Combs : The American Lawyer : August 27, 2014

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

Cleary's Big-Ticket Litigation Dry Spell

Michael D. Goldhaber : The American Lawyer : August 27, 2014

This year the firm has seen a series of high-profile litigation losses.

With BoA Settlement Comes Shift in Work for Law Firms

Julie Triedman : The Am Law Daily : August 25, 2014

Bank of America Corp.'s $16.65 billion settlement announcement, and the tailing off of the government's enforcement actions, promises to affect a swath of top-tier Wall Street firms. But lawyers at the banks' primary outside counsel said that work continues to flow.

Simpson Thacher Raids Weil in London, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : August 22, 2014

Weil, Gotshal & Manges debt capital markets partner Gil Strauss has decamped for Simpson Thacher & Bartlett in London; Bank of America adds an Akin Gump partner; a Debevoise & Plimpton partner joins the U.S. State Department; and more notable moves from throughout The Am Law 200.

Fee Tracker: Cooley Law, Bridgegate and Monkey Selfie

Brian Baxter : The Am Law Daily : August 21, 2014

Miller Canfield reaps big bucks from the rebranded Thomas M. Cooley Law School; Gibson Dunn's legal bills in New Jersey's Bridgegate scandal break the $6 million mark; a look at what a trio of trade organizations are paying a handful of Am Law 100 firms and the Wikimedia Foundation's simian copyright campaign.

With BofA Settlement Comes Shift in Work for Firms

Julie Triedman : The Am Law Daily : August 21, 2014

Thursday's record $16.65 billion settlement with Bank of America means a winding down of government action against big banks over residential mortgage-backed securities. But several lawyers say the pipeline for firms representing these banks will remain full, as governments worldwide take aim at foreign exchange rate-setting and Office of Foreign Assets Control investigations.

Scienter Needed for 10-Day Distribution Rule Violation, Third Circuit Rules

Jeff Mordock : Delaware Business Court Insider : August 20, 2014

Ford Motor Co. did not violate the Securities Exchange Act of 1934 when it paid a distribution to securities holders nearly two weeks after the automaker announced it would resume paying deferred distributions because there was no evidence the company sought to intentionally mislead the public, the U.S. Court of Appeals for the Third Circuit has ruled.

Lifetime Achievers, Distinguished Firm Leaders Named

Valori Corral-Nava : The American Lawyer : August 20, 2014

The honorees selected by The American Lawyer have had distinguished careers that include public service. Law firm leaders have exhibited extraordinary stewardship of their firm.

Squire Patton Boggs and Ashurst Adjust Alliances, Plus More Lateral Moves

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

Ashurst and Squire Patton Boggs, two growing global legal giants that have recently gone the merger route, both reshuffled overseas alliances this week as the latter saw 23 lawyers in the Middle East decamp en masse, while the former was busy raiding two Am Law 100 rivals. The Am Law Daily looks at those developments and other notable hires from throughout The Am Law 200.

Law Schools

: New York Law Journal : August 18, 2014

In this Special Report from the New York Law Journal: "Finding 'Success': A New Equilibrium in the BigLaw Marketplace," "Basic Rules for OCI and Summer Associate Programs," "Reap the Benefits of a Bar Association," "A Distinguished Career Starts With Networking" and "I Did Everything Right … Where's My Job?"

Asia Deal Digest: Aug. 14, 2014

Anna Zhang : The Asian Lawyer : August 14, 2014

*Linklaters leads Dairy Farm's $925 million investment in Shanghai-listed Yonghui Superstores*Norton Rose Fulbright advises Fosun International on its winning bid for Roc Oil in Australia*Amarchand advises on a $349 million share sale by Bharti Airtel's tower unit

The Global Lawyer: Cleary's Litigation Slump

Michael D. Goldhaber : The Am Law Daily : August 13, 2014

In the past six months Cleary Gottlieb Steen & Hamilton litigators have lost a string of historic cases. Powerful entities routinely ask Cleary to push the envelope in international law. Lately it hasn't worked out well.

The Global Lawyer: Cleary's Litigation Slump

Michael D. Goldhaber : The Litigation Daily : August 13, 2014

In the past six months Cleary Gottlieb Steen & Hamilton litigators have lost a string of historic cases. Powerful entities routinely ask Cleary to push the envelope in international law. Lately it hasn't worked out well.

The Churn: Am Law Quartet Eyes New Horizons, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : August 12, 2014

Dechert, LeClairRyan, Lowenstein Sandler and Pillsbury Winthrop Shaw Pittman all announced plans for new offices within the past week, in our latest look at notable hires from throughout The Am Law 200.

Asia Deal Digest: Aug. 7, 2014

Tom Brennan : The Asian Lawyer : August 07, 2014

*Milbank leads Tata Steel's first dollar-denominated bond sale, worth $1.5 billion*Ropes & Gray advises Macquarie fund on investment in New York Stock Exchange-traded JinkoSolar*Malaysia's Sona Petroleum taps Norton Rose Fulbright for oil concession purchase in Gulf of Thailand

The Churn: Troutman Sanders Grows in New York, Plus More Lateral Moves

Alexandra Wilson : The Am Law Daily : August 05, 2014

Troutman Sanders raids Dentons to pick up four commercial bankruptcy and litigation partners; Covington & Burling hires a senior IRS official in D.C.; and DLA Piper snags three attorneys in our latest roundup of lateral moves in The Am Law 200.

Cooley Takes on New Shanghai Partner

Tom Brennan : The Asian Lawyer : August 04, 2014

Former Shearman & Sterling Hong Kong counsel Pang Lee has joined the firm's investment funds group.

August Deals & Suits

: Corporate Counsel : August 01, 2014

Asia Deal Digest: July 31, 2014

Anna Zhang : The Asian Lawyer : July 31, 2014

*Ashurst, Morrison & Foerster lead billion-dollar tie-up between Itochu and CP Group*Kirkland & Ellis acting for Chinese mobile game developer iDreamSky Technology on Nasdaq IPO*Milbank on GIC's investment in Philippine conglomerate Metro Pacific

Litigators of the Week: Emmanuel Gaillard and Yas Banifatemi of Shearman & Sterling

Jan Wolfe : The Litigation Daily : July 31, 2014

We've always rejected strict formulas for choosing Litigators of the Week. Here's an exception: If you win a $50 billion judgment in a complex, politically charged battle with a major world power, you've got it made.

New Deals

: New York Law Journal : July 31, 2014

Bargain retailer Dollar Tree Inc. is buying rival Family Dollar Stores Inc. for $8.5 billion in cash and stock in a bid to create one of the largest discount retailers in North America. Also, online property website Zillow will acquire rival Trulia for $3.5 billion.

The Winners (and Who Gets What)

: The American Lawyer : July 28, 2014

However you slice it, $50 billion is an astonishing sum. These are the players who stand to benefit most from the historic Yukos award—assuming Russia can be forced to pay up.

Shearman's Winning Yukos Strategy

Michael D. Goldhaber : The Am Law Daily : July 28, 2014

When they brought a $114 billion claim against Russia to trial, Yukos' lawyers decided to let the facts speak for themselves.