2021 Vault Rankings
- Pro Bono#29
- Firm Culture#30
- New York#26
At a Glance
“The people are very nice and friendly and social.”
“The quality of work.”
“The hours can oftentimes be long and draining.”
“Lack of transparency.”
“Our office is dated but soon-to-be renovated.”
About Shearman & Sterling
Shearman & Sterling is one of the world’s leading law firms, serving the domestic and cross-border needs of an impressive roster of clients. With approximately 850 lawyers in 24 offices across North America, Europe, Asia, Latin America, and the Middle East, the firm has an enviable blend of prestige, prowess, and reach.
Over 145 years ago, prominent 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. These clients set the stage for many big names to follow.
From M&A to Cross-Border
Shearman & Sterling boasts a noteworthy lineup of practices, including antitrust, corporate governance, derivatives/structured products, executive compensation and employee benefits, finance, financial institutions advisory and financial regulatory, financial restructuring and insolvency, investment funds, litigation, and project development and finance.
The firm is known for its extensive domestic and global M&A practice. Citigroup and its predecessor banks have been clients of the firm since the late 19th century, and through the decades, 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, the firm 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.
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. 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’ 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 the firm’s international reach is? Keep looking. The firm’s activity stretches all the way to Africa. Shearman & Sterling’s pro bono work in Africa continues to be the centerpiece of its global efforts. It 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.
News & Awards
Shearman & Sterling is acting as legal advisor to Intercontinental Exchange in its agreement to acquire Ellie Mae, a portfolio company of Thoma Bravo. The transaction values Ellie Mae at approximately $11 billion.
Shearman & Sterling obtained a dismissal for client Altice USA, its board of directors and Altice Europe, in a putative securities class action pending in New York Supreme Court, Queens County.
Shearman & Sterling advised Chevron Corp. on the antitrust matters related to its agreement to acquire all of the outstanding shares of Noble Energy Inc. in an all-stock transaction valued at $5 billion. The total enterprise value of the deal, including debt, is $13 billion.
For the fourth year in a row, Shearman & Sterling received the number one ranking for its breadth of commitment as measured by the percentage of US based lawyers who performed 20 or more hours of pro bono work in 2019 by The American Lawyer.
- Shearman & Sterling advised Raytheon in its merger-of-equals with and United Technologies Corporation, a deal that is valued at more than $120 billion.
- Shearman & Sterling advised the underwriters on Ford Motor Company’s $8 billion senior notes offering. This represents the largest ever offering by Ford and the largest ever deal of its kind.
- Shearman & Sterling advised on Boeing’s $25 billion bond offering, the largest non-M&A bond offering of all time, the sixth-largest investment-grade bond offering of all time, and the biggest year-to-date.
- Shearman & Sterling is lead counsel representing Dow Inc. in its separation and spin-off from DowDuPont.
- LatinFinance Deals of the Year, 2019 – LatinFinance
- Ranked #1 Corporate Transaction Practice, 2020 – Corporate Counsel
- Top Investigations Firm, 2019 – Global Investigations Review
- Benefits Practice of the Year, 2019 – Law360
- IJGlobal Deal of the Year – IJGlobal
Why Work Here
Shearman's commitment to Pro Bono has won the firm wide recognition.
Shearman was one of the New York firms to provide Pro Bono assistance to victims of the September 11, 2001 terrorist attacks. The firm advised residential and commercial tenants who were unable to return to their homes and businesses because of the attacks, and the private client group advised on trust and estate issues. Special recognition went to the firm's successful campaign to win compensation for a woman whose common-law husband died in the World Trade Center. Common-law marriages aren't recognized in New York State, making the woman ineligible under initial rules; Shearman eventually secured recognition of the marriage and compensation from the fund set up for victims and their families. Shearman continues to represent the families of more than 20 victims, many of which are low-income, immigrant families.
599 Lexington Avenue
New York, NY 10022
Phone: (212) 848-4000
Senior Partner: David Beveridge
Recruiting Chair: John Nathanson
Total No. Attorneys 2020:
750 - 1K
New York, NY
1st year: $190,000
2nd year: $200,000
3rd year: $220,000
4th year: $255,000
5th year: $280,000
6th year: $305,000
7th year: $325,000
8th year: $340,000
Summer associate: $3,654/week
Manager of Legal Recruiting
No. of U.S. Offices: 7
No. of International Offices: 17
Menlo Park, CA
New York, NY
San Francisco, CA
Washington, DC I Abu Dhabi
Anti-Corruption and Foreign Corrupt Practices Act
Governance & ERISA
Financial Institutions Advisory & Financial Regulatory
Financial Restructuring & Insolvency
Mergers & Acquisitions
Privacy & Data Protection
Project Development & Finance
*See firm website for complete list of practice areas and industries.