Shearman & Sterling LLP at a Glance

Uppers

  • “Excellent pay”
  • “Fantastic culture”
  • “Good associate opportunities”

Downers

  • “Office space”
  • “Zero predictability in schedule”
  • “No weekend is safe”

About Shearman & Sterling LLP

Shearman & Sterling is one of the world's premier law firms, serving the domestic and cross-border needs of an impressive roster of clients. With approximately 850 lawyers in 20 offices across North America, Europe, Asia, Latin America, and the Middle East, the firm has an enviable blend of prestige, prowess, and reach.

First-Rate Foundation

Almost 140 years ago, hotshot lawyers Thomas Shearman and John Sterling locked hands in partnership, combining two legendary reputations to lay down a law firm's foundation. Shearman & Sterling didn't waste any time establishing itself-soon after the firm's birth, it began forging relationships with Wall Street's most commanding companies and personalities: the firm's first client was Jay Gould, and Jim Fisk followed soon after. Citigroup and its predecessor banks have been clients of the firm since the late 19th century, and in the following years, the firm has represented the financial institution in many transactions, including its 1998 merger with Travelers Group to form the current entity, Citigroup. In 1956, Shearman took Ford Motors public. Skipping ahead a half-century or so, the firm notably represented the financial advisor to Pixar when the animation company was acquired by Disney in 2006. Known for its extensive domestic and global M&A practice, Shearman also has prominent litigation and arbitration practices and has worked on many significant matters, including its representation of the Yukos shareholders in their $100 billion compensation claim against Russia. Other well-regarded practices include antitrust, corporate governance, derivatives/structured products, executive compensation and employee benefits, finance, financial institutions advisory and financial regulatory, financial restructuring and insolvency, investment funds, and project development and finance.

A Sterling Philanthropic Legacy

Many Yale students have benefited from John Sterling's success, whether they know it or not. When he died in 1918, Sterling left behind a sizable fortune, opting to bequeath the residual of his estate to his alma mater. That residual amounted to around $15 million-a stunningly large donation at the time-which was enough to fund construction of the law school, the Sterling Memorial Library, and the Hall of Graduate Studies, with petty cash left over for various other campus landmarks and programs (such as the prestigious Sterling Professorship).

Merging Continents

Shearman & Sterling's global reach-especially its prominence in Asia, India, and the Middle East-opens the door to considerable cross-border work for a who's who of international clients. The firm has a broad-based practice in the Middle East-its highly-successful Abu Dhabi office has been open since 1975. Shearman serves many of India's most globally-focused companies, advising on multi-billion dollar notes offerings (Reliance), IPOs (MakeMyTrip), and M&A deals (Tata Tea, Mittal Steel, and others). With offices in Hong Kong, Beijing, and Shanghai, Shearman has had a hand in some of China's most significant international transactions, as well. In addition, the firm's global Foreign Corrupt Practices Act practice has over 30 years of experience conducting major anti-corruption investigations and litigation and designing numerous corporate compliance programs.

Shearman has also established itself in Central and South Americas. With a presence in Brazil since the 1930s, the firm has advised on some of the country's most significant financial transactions, including Petrobas's global equity offering in 2010-one of the largest offerings ever-and its US$7 billion global notes offering in 2012, the largest one-time debt offering ever by a Latin American issuer. Outside of Brazil, the firm is active in Chile, Colombia, Mexico, and Panama-the Panama Canal Authority called upon the firm to advise on the financing of the historic expansion of the Panama Canal.

The Sahara Calls

Wondering how far Shearman's international reach is? Keep looking. The firm's activity stretches all the way to Africa-Shearman represented Absa Capital and Barclays Capital in the then-largest ever leveraged financing in Africa. The firm also advised a consortium on the building of the Dorper wind farm on South Africa's Eastern Cape. The firm's pro bono work in Africa continues to be the centerpiece of its global efforts. Shearman has offered an externship in Tanzania at the Office of the Prosecutor at the International Criminal Tribunal for Rwanda since 2000. Firm attorneys also dedicate pro bono hours to various African causes, ranging from human rights to assistance for children whose parents are dying from HIV/AIDS to microfinance.

IN THE NEWS

Ongoing
Internal Investigation

Shearman & Sterling is representing Citigroup in an internal investigation and with respect to US regulatory and enforcement inquiries concerning a $400 million fraud perpetrated against Citigroup's Mexican unit, Banamex, by Oceanografia and its principals, among other investigations.

November 2016
Big Deal in Brazil

Shearman & Sterling advised Bank of Communications (BoCom), one of the five largest banks in China, in the closing of its acquisition of approximately 80% of the total outstanding shares of Brazil's Banco BBM S.A. This was BoCom's first overseas acquisition.

October 2016
Major Arbitration Victory

Shearman & Sterling secured a major arbitration victory for Sonatrach after an ICC Tribunal rejected the claims by three oil companies regarding the performance of a production-sharing agreement and the implementation of a windfall profits tax.

June 2016
Indonesia Powers On

Shearman & Sterling advised PT Cikarang Listrindo Tbk, an Indonesian power plant, on its approximately $275 million initial public offering on the Indonesia Stock Exchange, which represented the first power plant to go public in the Indonesian market.

May 2016
That's Entertainment

Shearman & Sterling advised Liberty Global plc on its acquisition of Cable & Wireless Communications Plc (CWC) in a transaction with an enterprise value of approximately $8.2 billion (£5.5 billion).

Taste the Feeling

Shearman & Sterling advised Coca-Cola European Partners plc (CCEP) on its financing in connection with the merger of Coca-Cola Enterprises, Inc., Coca-Cola Efrischungsgetranke GmbH and Coca- Cola Iberian Partners, S.A.U. to create a bottling company operating in 13 countries. To secure the successful financing of this high-profile, complex merger, it was essential that the team provide an innovative financing structure under both English and New York law that incorporated bank debt, publicly traded debt securities globally and commercial paper financing, working across all relevant markets and exchanges.

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Shearman & Sterling LLP

599 Lexington Avenue
New York, NY 10022
Phone: (212) 848-4000

Stats

  • Employer Type: Private
  • Senior Partner: Creighton Condon
  • Hiring Partners: John Nathanson & Linda Rappaport
  • Total No. Attorneys 2017: 850

  • Base Salary
    New York, NY
    1st year: $180,000
    2nd year: $190,000
    3rd year: $210,000
    4th year: $235,000
    5th year: $260,000
    6th year: $280,000
    7th year: $300,000
    8th year: $315,000
    9th year: $325,000
    Summer associate: $3,500/week

  • Summer Associate Offers
    73 out of 73 (2Ls) (2016)

  • Major Departments & Practices

    Anti-Corruption & Foreign Corrupt Practices Act • Antitrust & Competition • Appellate Litigation • Capital Markets • Corporate Governance • Criminal Law, Regulation & Enforcement • Derivatives & Structured Products • Environmental • Executive Compensation & Employee Benefits • Finance • Financial Institutions Advisory & Financial Regulatory • Financial Restructuring & Insolvency • Insurance • Intellectual Property • International Arbitration • International Trade & Government Relations • Investment Funds • Litigation • Mergers & Acquisitions • Patent Litigation - Private Client • Project Development & Finance • Public International Law • Real Estate • Sports • State Controlled Companies & Sovereign Wealth Funds • Structured Finance • Tax

Major Office Locations

  • New York, NY (HQ) • Menlo Park, CA • San Francisco, CA • Washington, DC Abu Dhabi • Beijing • Brussels • Dubai • Frankfurt • Hong Kong • London • Milan • Paris • Rome • São Paulo • Saudi Arabia • Shanghai • Singapore • Tokyo • Toronto