2020 Vault Rankings
At a Glance
“The people here are genuinely nice to not only work with, but be around in general. “
“Volume of work and time demands.”
“I wish the firm would be more transparent.”
“Training could be better.”
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 23 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, 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. These clients set the stage for many big names to follow.
From M&A to Cross-Border
Shearman 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, 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.
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 Shearman’s international reach is? Keep looking. The firm’s activity stretches all the way to Africa. Shearman’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.
News & Awards
Shearman & Sterling is advising Raytheon on its combination with United Technologies in a merger of equals. This high-profile transaction is the largest transaction of the year to date and is likely to be one of the most significant M&A deals of the year, further reinforcing the firm’s reputation as a go-to advisor on complex, industry-transforming transactions.
Shearman & Sterling secured a substantial jury verdict for client SS&C Technologies in a lawsuit against Clearwater Analytics alleging the misappropriation of trade secrets. The jury returned a verdict in SS&C’s favor for $44 million in damages, including $16 million in compensatory damages and $28 million in punitive damages for conduct that was “willful and malicious.”
Shearman & Sterling advised a consortium led by Pertamina Power Indonesia, Marubeni Corporation and Sojitz Corporation in connection with the development and financing of the $1.7 billion integrated LNG-to-power project located in West Java Province, Indonesia. This transaction represents the first-ever LNG-to-power project in the Asia Pacific region.
Shearman & Sterling advised on the bridge and term loan financings related to Comcast’s £30 billion offer for Sky, a leading entertainment and communications company in Europe. This high-profile and complex cross-border deal is the largest takeover ever in Europe’s media industry and one of the largest acquisitions of an English publicly listed company ever.
- Shearman & Sterling advised CVS Health on its $77 billion acquisition of Aetna—one of the largest deals in the health insurance business.
- Shearman & Sterling represented the underwriters on Argentina’s $16.5 billion bond offering—the largest-ever bond issuance by an emerging market country.
- Shearman & Sterling achieved a groundbreaking victory for our client Todd Newman when the Second Circuit Court of Appeals overturned his insider trading conviction—this victory was significant because it narrowed the scope of what constitutes insider trading.
- Shearman & Sterling provided support to the Office of the Prosecutor at the International Criminal Tribunal for Rwanda (ICTR), established by the United Nations to prosecute persons responsible for committing genocide.
- The American Lawyer’s 2018 A-List
- Law360’s “Global 20” - 2018
- Shearman & Sterling won The American Lawyer’s 2018 “M&A Deal of the Year” for advising CVS Health on its $77 billion acquisition of Aetna.
- Shearman & Sterling was recognized for being one of the top 10 most innovative international law firms by the Financial Times Asia-Pacific Innovative Lawyers Awards 2019.
- Shearman & Sterling earned a perfect score of 100 percent in 2019 for the 10th consecutive year on the Corporate Equality Index (CEI).
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 2019:
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
Summer Associate Offers:
51 out of 51 (2Ls) (2018)
No. of Summer Associates:
52 total (51 2Ls; 2 1Ls) (2018)
Menlo Park, CA
San Francisco, CA
New York, NY
Anti-Corruption and Foreign Corrupt Practices Act
Governance & ERISA
Financial Institutions Advisory & Financial Regulatory
Mergers & Acquisitions
Project Development & Finance
Restructuring & Insolvency
*See firm website for complete list of practice areas and industries.