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: 821
  • Gross Revenues: $845,000,000
  • Revenue Per Lawyer: $1,030,000
  • Profits Per Partner: $1,905,000
  • Year Over Year Change: -1

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 34 -1 Gross revenue
Am Law 200 34 -1 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

Reed Smith to Open in Frankfurt

Gina Passarella : The Legal Intelligencer : May 22, 2015

Reed Smith is set to open an office in Frankfurt, Germany, on June 1 with the addition of seven lawyers from four different firms. The new location, which will focus heavily on the financial services industry, will be managed from the firm's 10-year-old Munich office.

They're Coming Up: ACC's Top In-House 30-Somethings

Sue Reisinger : Corporate Counsel : May 22, 2015

The Association of Corporate Counsel announced its "Top 10 30-Somethings" list, recognizing the outstanding achievements of in-house counsel between the ages of 30 and 39.

Big Deals

: New York Law Journal : May 21, 2015

The Ascena Retail Group is buying the owner of Ann Taylor and Loft in a deal valued at about $2.16 billion. Washington, D.C.-based Danaher plans to purchase Port Washington, New York-based filtration specialist Pall for $13.6 billion.

Am Law 100 Firms Looking Out for Military Employees

Nell Gluckman : The Am Law Daily : May 21, 2015

With Memorial Day approaching, The Am Law Daily highlights the work of several firms doing good deeds for their military veteran and reserve workers.

Deal Watch: Four Am Law 100 Firms Prescribed Work on CVS-Omnicare Merger

Jennifer Henderson : The Am Law Daily : May 21, 2015

Firms Prescribed Work on $12.7 Billion CVS, Omnicare Deal

Asset Valuation

: New York Law Journal : May 18, 2015

In this Special Report from the New York Law Journal, brought to you free by : "Capturing Value in the Solar Industry," "Uncover Hidden Attributes in Financial Records," "Economic Benefits of IP Licenses Increasingly Impact Value," "Treatment of Deal-Related 'Synergy' Takes Center Stage" and "Analyzing Business Appraisal Discounts Applied to a Real Estate Entity."

Movers

: The National Law Journal : May 18, 2015

Laterals and new arrivals in this week's column.

US vs. UK: Which Firms Have the Best India Practices?

Tom Brennan : The Asian Lawyer : May 18, 2015

A new ranking from London-based RSG Consulting shows that U.S. firms continue to take market share in India, challenging the dominant position once held by their U.K. peers.

Deal Watch: Weil, Wachtell Dial Up for Verizon's $4.4 Billion AOL Buy

Jennifer Henderson : The Am Law Daily : May 14, 2015

Verizon Communication Inc. cites AOL Inc.'s market success in digital content and advertising platforms as reasons behind the purchase. Also in this week's roundup of deals worth $1 billion or more: Williams' acquisition of its master limited partnership Williams Partners in an all-stock deal valued at $13.8 billion, led by Gibson Dunn and Baker Botts.

ASCAP Tunes In Clara Kim as New GC

Marlisse Silver Sweeney : Corporate Counsel : May 13, 2015

The nonprofit performance-rights organization brings in a general counsel following the promotion of past GC Elizabeth Matthews to chief executive officer.

INADMISSIBLE: Standing Room Only For Antitrust Case

: The National Law Journal : May 11, 2015

Courtroom 5 on the second floor at the U.S. District Court for the District of Columbia was packed shoulder-to-shoulder with about 100 onlookers, all gathered to watch a merger trial that pits the Federal Trade Commission against Sysco Corp. and US Foods Inc. Plus more in this week's column.

Am Law 100 Analysis: The Year's Hottest Markets

Drew Combs : The American Lawyer : May 08, 2015

Most Am Law 100 firms had solid results in 2014, but some sector bets paid off especially well.

NanoLumens Lights Up a Big-Picture GC

Marlisse Silver Sweeney : Corporate Counsel : May 06, 2015

The digital display manufacturer has named Mark Carlson as both general counsel and vice president of strategic initiatives.

Marketplace

Monica Paquette : New York Law Journal : May 06, 2015

In one of the year's largest real estate deals, Skadden Arps is on course to be the anchor tenant at One Manhattan West, the first of two commercial towers being proposed in the Hudson Yards district.

Law Firms and In-House Counsel Connect with Veterans at Career Fair

Zoe Tillman : Legal Times : May 05, 2015

Nearly 400 veterans and military spouses were signed up to meet with law firms, corporate legal departments and government agencies during a first-of-its-kind legal career fair in Washington. During the kickoff event on Friday, a panel of lawyers, several of whom were veterans, spoke about the challenges veterans and their spouses face breaking into the legal profession.

City Bar Honors Diversity Leaders

Joel Stashenko : New York Law Journal : May 04, 2015

Four private attorneys and a top state administrative judge will be honored by the New York City Bar Association for their work in promoting diversity in their work places and in the legal community as a whole.

Firm Leaders Expect Corporate Work to Drive Revenue

Christine Simmons : New York Law Journal : May 04, 2015

New York Law Journal reporter Christine Simmons conducts an informal survey of nine law firm leaders on their expectations for the rest of 2015 based on the first quarter of the year.

Class Action Alleges Latinos Targeted by Suffolk Police

Associated Press/Andrew Keshner : New York Law Journal : May 01, 2015

A class action suit filed Wednesday in the Eastern District by LatinoJustice on behalf of 21 individuals claims the the Suffolk County Police Department had an "ongoing policy, pattern and practice of discriminatory policing" against Latinos.

Davis Polk Advises Daiichi as It Exits Sun Pharma Stake

Tom Brennan : The Asian Lawyer : April 29, 2015

Japan's Daiichi Sankyo has raised about $3.2 billion by shedding the 9 percent of Sun Pharma it received when it sold Ranbaxy Labs to the Mumbai-based company earlier this month.

Marketplace

Monica Paquette : New York Law Journal : April 29, 2015

Bloomberg LP has agreed to lease 254,556 square feet at 919 Third Ave. Also, Adobe Systems Inc. has signed a 10-year lease for nearly 30,644 square feet at 100-104 Fifth Ave. in Union Square.

White & Case Wins Singapore License Renewal

Anna Zhang : The Asian Lawyer : April 28, 2015

A year after earning only a temporary extension of its Qualifying Foreign Law Practice license, the New York-based firm has been approved to practice local law for an additional four years.

Orrick to Halve German Network With Two Office Closures

Chris Johnson : The Am Law Daily : April 28, 2015

Orrick Herrington & Sutcliffe will shutter Frankfurt and Berlin bases later this year to focus practice on Düsseldorf and Munich, The American Lawyer has learned.

On the Move

: New York Law Journal : April 27, 2015

Four firms announce new additions, while general counsel have been hired at real estate private equity and asset management firm Savanna and Turing Pharmaceuticals AG.

Big Deals

Jennifer Henderson : The American Lawyer : April 27, 2015

McKenna Long Tax Chief Departs, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : April 26, 2015

The head of McKenna Long & Aldridge's national tax group leaves ahead of a merger with global legal giant Dentons; Arnold & Porter and Cozen O'Connor both make bulk hires from smaller firms; a Jones Day bankruptcy baron returns; and other notable moves from throughout The Am Law 200.

Half-Dozen K&L Gates Partners Decamp, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : April 21, 2015

K&L Gates sees six partners leave for four firms; some of Fried Frank's Asia lawyers find new homes; Jackson Lewis opens two new offices; Mayer Brown adds a practice leader; and other notable moves from throughout The Am Law 200.

Movers

: The National Law Journal : April 20, 2015

New arrivals and lateral moves in this week's column.

Another Forex Milestone as BofA Settles Class Action

Scott Flaherty : The Litigation Daily : April 16, 2015

Bank of America, represented by Shearman & Sterling, is the third bank to settle of the dozen targeted in antitrust litigation alleging widespread manipulation in the $5 trillion-per-day foreign exchange market.

Introducing The National Law Journal's Outstanding Women Lawyers

: The National Law Journal : April 15, 2015

The National Law Journal presents 75 of the most accomplished female attorneys working in the legal profession today.

Steve Camahort

Lisa Hoffman : The National Law Journal : April 13, 2015

Shearman & Sterling partner Steve Camahort believes that the foundation to success as outside counsel is to view every request from a client as one of immediate importance.