Shearman & Sterling reduces pay for high earners and boosts pay for lower-ranking lawyers...
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|Year of establishment||1873||Number of partners||203|
|Number of offices||20||Partner to associate ratio||0.30|
|Biggest office||New York City||Percentage of women attorneys||35.90|
|Number of attorneys||882||Percentage of minority attorneys||14.60|
|Number of associates||623||Percentage of LGBT attorneys||2.30|
- Reviewed on March 25, 2020
- Reviewed on December 16, 2017
Headquartered in New York City in the United States with 20 offices that are located in major financial centers around the world, Shearman and Sterling LLP was founded in 1873. Well known for its litigation and transactional capabilities, it was the 17th largest law firm in the world when measured by annual revenue in 2006. Some of its litigation strengths are in International Arbitration, Capital Markets, Finance, and Mergers & Acquisitions. The firm has spread its practices in several areas such as public international law, U.S. federal law, New York as well as California state law, as well as law pertaining to other countries such as England, France, Germany, Italy, European Union, and Hong Kong. The firm is established on a firm set of values to which it is committed strongly. It focuses its utmost capabilities and complete resources on their clients, so that their interests are maintained at all times. Shearman believes in pursuing excellence and professionalism in its work and business and aims to deliver quality as well as innovation in all spheres of service. It strongly believes in the pursuit of its core values so that its clients get the maximum benefit of its professional and specialized services. Shearman and Sterling LLP had modest beginnings with 7 staff members in its New York Wall Street Office. Today, it has around 1000 attorneys in 20 offices globally. It was founded in 1873 by Thomas Shearman and John William Sterling. Initially concentrating on litigation and transactional matters, the firm cultivated a number of important business ties representing important people such as Jay Gould and Industrialist Henry Ford. This strategy culminated in a number of important business ties such as the Rockefeller family, Citigroup and Deutsche Bank. Witnessing international expansion in post World War II era under the direction of Boykn C. Wright, who joined as a senior partner from another firm with a group of attorneys. The firm established its first office in Paris in 1963. In post war Germany, the firm cultivated important long term relationships with important blue chip companies such as Siemens and BASF. It also assisted Daimler in its listing on the NSE in 1993, which was the first such listing by a German company. It also assisted this company in its purchase and subsequent sale of Chrysler. It also is well known for its ability to compete in strategic legal markets. It has particularly made its name in the field of mergers and acquisitions in the United Kingdom. The firm has also played an important role in negotiating the Iranian Hostage Crisis by representing Citibank during the strong negotiations that followed after the US government froze all Iranian assets in US banks. Shearman and Sterling has been involved for many decades in Latin America as well. It played an important legal part in the Brady transactions and also won several accolades in the privatization of numerous state-owned entities. The firm launched an office in Sao Paulo in Brazil. It also has a significant presence in the Asia-Pacific region, and has offices in Hong-Kong, Beijing, Singapore and Shanghai.
Shearman & Sterling. practices law in the following areas and works with its clients to provide the best possible legal solutions.
Shearman & Sterling. follows the set of hiring criteria outlined below.
Shearman & Sterling continuously believes that the way one can be a successful lawyer in today's world is to continuously hone one's skills and always aim for perfection. The firm truly believes that learning is a lifetime commitment. It believes in always providing extensive resources and programs to help their lawyers achieve their goal.
The firm is looking for candidates who have a strong academic background and possess the capability to demonstrate motivation and initiative. Besides, candidates should possess a strong desire and interpersonal skills so that they can work effectively with their clients as well as coworkers. Shearman and Sterling recruit from reputed law colleges in the United States as well. Some of these include:
Benjamin N. Cardozo School of Law
Columbia University Law School
Duke University School of Law
Fordham University School of Law
George Washington University Law School
Georgetown University Law Center
Harvard Law School
Hofstra University School of Law
Howard University School of Law
New York University School of Law
Northwestern University School of Law
St. John's University School of Law
Stanford Law School
University of Michigan Law School
University of Pennsylvania Law School
University of Toronto Faculty of Law
University of Virginia School of Law
Yale Law School
York University Osgoode Hall Law School
List Any Job Fairs / Consortia Attended (previous fall)
Tulane/Washington University/Vanderbilt NY Interview Program
Candidates are also chosen from reputed law job fairs such as:
William & Mary/Washington & Lee NY Job Fair
Cornell NYC Job Fair
American University NY Job Fair
Boston College/Boston University NY Job Fair
National BLSA Job Fair
In 2011, 35 summer 2Ls were considered for associate offers. The firm visited 19 law schools for recruitment in 2011 besides attending 6 job fairs and consortia in the same year.
Obtaining awards for its renowned work is now second nature at Shearman. In the recent past, the firm has been award and recognized several times for its outstanding and exceptional work:
Shearman and Sterling was presented with a 2012 "Outstanding Achievement Award" for the firm's decade long pro-bono work in an employment discrimination case by the Washington Lawyer's Committee for Civil Rights and Urban Affairs. The case Linklater v. Prince of Peace Lutheran Church involved the former music director at the local church, who was sexually harassed during her employment.
Shearman & Sterling has been recognized by Law360 as a "Global 20" firm for the second year in a row. This award is given to firms who share "a starring role in some of the most complex cross-border work on the market today, which increasingly requires boots on the ground and broad expertise in global corporate, technology, currency and political trends."
The firm has been named once again to The American Lawyer's highly coveted A-List. This list honors the US's top 20 law firms. A-List status is obtained by achieving a high ranking in four areas: financial performance, pro bono activity, associate satisfaction and diversity.
Shearman & Sterling obtained an outstanding 82% for the satisfaction of its lawyers as well as staff in a survey called "RollOnFriday's" Firm of the Year conducted in the UK. In this annual survey, staff and lawyers were asked to rate their firms which was based on salary, career development, work-life balance, and frankness as well as honesty about future plans. The survey also spanned the firm's culture as well as office facilities.
Shearman and Sterling offers summer associate programs of various sizes in their New York, Bay Area, Toronto, and Washington, DC offices. The goal of the summer associate program is to give law students an opportunity to learn as much as possible about the firm as well as its practice areas. Students also learn about the nature of the legal practice as well. Students spend their summer doing real legal work, while working alongside with practicing lawyers.
The summer associate program provides a unique opportunity by way of rotation to work on real legal issues across various practice areas. These summer associates therefore are typically rotated through two practice groups in which they have expressed interest. Summer associates typically spend time in more than one firm office. These placements are typically based on the business needs of each office and individual levels of summer associate interest.
The summer associate is teamed up with two mentors - a partner mentor as well as an associate mentor, within each practice group. Here, summer associates learn a variety of skills such as legal writing, negotiation skills, deposition skills, and others. Thus, they gain tremendous practical experience and on the job training by working alongside skilled and accomplished lawyers.
Summer associates are invited to attend a number of social events throughout the summer alongside lunches and dinners. These events help summer associates develop social skills as well. Various events include cooking classes, baseball games, scavenger hunts, comedy, and even a wine tasting event over dinner. Regarding payment, all summer associates are paid are paid $3,077 per week, not considering class.
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