Shearman & Sterling “(a)cts on behalf of clients in cartel cases before American and European agencies. “They are very frank about the challenges of balancing career and family.”. IAM Patent 1000 recognized Shearman & Sterling’s IP Litigation and IP Transactions practices in its 2020 rankings Litigators of the Week: Shearman Trio Stands Up for Open Source Software Chambers USA rankings for our attorneys Beveridge earned his BA from Washington & Jefferson College and his JD from the University of Texas at Austin. Prior to joining Shearman & Sterling, Anna was at Corrs Chambers Westgarth, an Australian firm in the corporate and advisory practice, focusing on projects. In 2019, Shearman interviewed students from over 30 law schools – both on campus and through job fairs. The firm has been advising many of the world’s leading corporations and financial institutions, governments and … OCI interviews are typically conducted by a partner or by a two-person partner/associate team. Shearman’s attempts are genuine but they’re struggling to build the same momentum everywhere in the firm.” In 2019  Shearman launched its ‘Barrier Blasters’ diversity and inclusion podcast series, available online. Advised Dow Chemical Company in its $130 billion business restructuring into three distinct public companies. ■ Privacy & Data Protection■ Private Client Shearman & Sterling's lawyers and staff were the most satisfied in private practice with their career development in 2020, out of 60 firms. Shearman & Sterling LLP is a multinational law firm headquartered in New York City, United States.The firm's lawyers come from some 80 countries, speak more than 60 languages and practice US, English, EU, French, Spanish, German, Hong Kong, OHADA and Saudi law, as well as Dubai International Financial Centre law and Abu Dhabi Global Market law. With no billing requirement, most associates aim for 2,000 hours. “Currently, a lot of the conversations end up being ‘talk to your partners about it’. Interviewees in Houston felt “upward mobility is easily accomplished. Sources did agree that “Shearman is very cognizant of the need to hire more ethnically diverse individuals.” The firm runs various diversity initiatives and groups, some of which “can feel disconnected from the leadership at times,” though we heard nothing but praise for women’s group WISER. There’s also Shearman’s ‘Summer Associate University,’ a formal program that delivers training on a variety of topics throughout the summer. Shearman & Sterling’s Litigation Group is strongly positioned to counsel and protect clients in today ’ s challenging environment. ■ Finance■ Financial Institutions Advisory & Financial Regulatory■ Financial Restructuring & Insolvency Juniors’ practices remain “very general” in litigation. ■Compensation, Governance & ERISA Clients might often want access to an individual but really, it’s the resources of the whole firm they are buying into. The typical Shearman & Sterling Associate salary is $200,377. You start limited to document review and research but it ramps up and I found myself suddenly preparing deposition kits; second-chairing the depositions themselves; drafting letters; and even strategically thinking about whether we have a claim.” Sources also revealed that “it’s not unusual for the firm to fly us out to different places; one junior was recently sent to Europe for a few days.” Large financial institutions are a permanent fixture on Shearman's books but you'll find healthcare, retail and transport clients here too. The publication provides annual rankings and firm-by-firm editorial, including leading lawyers. Firm Overview: Our library used to be one of our main selling points in 1985, but obviously there is no need for bound volumes anymore. We have some very good attorneys tied to our key industries there including in the energy, technology, life sciences and private equity industries. CA: What measures are in place to alleviate stress for individuals? Admin. We want to know whether the student has exhibited some of the competencies we feel are critical to be a successful associate.” Questions are more in-depth at this stage and students are expected to articulate why they are interested in BigLaw and why they are drawn to Shearman in particular. Number of partners worldwide: 216 Shearman & Sterling LLP is a multinational law firm headquartered in New York City, United States.The firm's lawyers come from some 80 countries, speak more than 60 languages and practice US, English, EU, French, Spanish, German, Hong Kong, OHADA and Saudi law, as well as Dubai International Financial Centre law and Abu Dhabi Global Market law. That’s just one example of the firm’s international character – another is its smattering of impressive rankings in Chambers Global, including a top spot in Africa for dispute resolution; two more in the Asia-Pacific region for capital markets and projects; another in Europe for arbitration; and top prizes in the growing Latin American market for banking, energy and projects. Past events have included a sailing event, a design-your-own-sneakers event, and a cooking competition.”  Prior to starting, incoming associates are asked to rank their practice group and office preferences, then “based on that information, and taking business needs into account, first-year practice placements are made,” says Nathanson. Trainees have shaped our success story and played a pivotal role in the firm’s growth. Nathanson’s parting wisdom is to “come into the firm with an open mind and openness to learning. Language skills aren’t a prerequisite, but our interviewees found the firm “an attractive place to leverage language skills.”  In several respects the firm has much in common with the British magic circle. Acted for fintech company SS&C Technologies in $44 million trade secrets litigation brought against Clearwater Analytics. It is engaged in the mergers and acquisitions, capital markets, project development and finance, complex business litigation & international arbitration, asset management, and taxation areas. In some practice groups, attorneys have formed their own informal support networks. Asst ■ Project Development & Finance■ Public International Law We can have documents go back and forth between us and Singapore in the blink of an eye, and it means we can distribute the hours of availability we provide to our clients. Hervé Letréguilly is a partner in the Paris Corporate practice. Relying on our local capabilities in Asia combined with the resources of our global network, clients look to Shearman & Sterling for solutions on a wide range of transactions and legal issues in the region. Juniors in the Houston base explained that they “mostly handle energy work." Now there’s video conferencing, distribution emails, and the increasing use of AI and machine learning to conduct research and tasks such as doc review. Weekends can be a different story: “I worked the last three weekends,” one busy bee lamented. Our lawyers have acted in many complex, high-profile and first-to-market transactions across Greater China, Southeast Asia, Japan, India, Mongolia and South Korea. Shearman & Sterling’s head of EMEA capital markets is leaving the firm for Milbank, three years after former colleague Apostolos Gkoutzinis made the same move. follows the set of hiring criteria outlined below. For example, we advised Dow on its separation and spin-off from DowDuPont, Raytheon on its combination with United Technologies and Viacom on its merger with CBS. “There used to be some issues where some associates were swamped and others didn’t have enough work,” so it's no surprise that most juniors were happy about the change and looked forward to “forging relationsh… Senior and junior advisors are assigned during each rotation and, depending on the group, summer associates may attend client meetings, court hearings, depositions or business trips. Litigation is the most popular destination for new associates, followed by M&A and capital markets; finance, project finance, funds and governance teams also take on a fair share of juniors. Associates in the Houston office are likely to focus their time (and energy) on energy sector-related deals. Litigators remain generalists in their formative years, whereas corporate associates are now placed directly into a subgroup. Hervé has extensive experience in IPO, public tender offers, public and private M&A, global securities offerings (equity, equity-linked, debt including high yield) and privatisations with a … Shearman’s voluntary leave programme allows its lawyers to take a minimum of three months and a maximum of six months off work at a third of … The firm takes pro bono very seriously.”, Some in New York suggested that there “are still some more old-school senior partners who are more traditional and expect deference from juniors and associates.” There were also some complaints from the Big Apple about office space, described by many as “comfortable but dated – it has very much a 90s or 2000s feel to it.” The good news is that “we are starting our renovations in the next couple of years – it’s going to be all glass and shiny!”, We heard that “there aren’t any screamers at the firm either; we don’t have partners that shout at associates for doing something wrong.” BigLaw toxicity was nowhere to be found at Shearman: “I haven’t experienced a fratty or a ‘hey bro’ culture, which is refreshing as a woman doing corporate work,” one female source observed. However, there is some cross-staffing based on a summer associate’s expressed interests as well as business need. Shearman and Sterling. Beginning December 1, 2020 Shearman & Sterling LLP will begin accepting applications from first-year law students for our 2021 Leadership Council on Legal Diversity (LCLD) Scholars Program. Shearman & Sterling LLP. Programs have covered the likes of legal research & writing, negotiation skills, a corporate bootcamp and a deposition workshop. ), but on average it’s normally two to three hours per day.” As the firm sticks closely to the market with salaries and bonuses, it was no surprise that associates were happy with their lockstep compensation. Shearman & Sterling LLP is an international law firm composed of 24 offices worldwide and 850 lawyers. Famous for: prestigious history; elite international work, America's Best Law firms: The Student's Guide, Top law firms for associate quality of life, For all attorneys across all US offices: 34,628, Employee Benefits & Executive Compensation (Band 3), Environment: Mainly Transactional (Band 3), Litigation: General Commercial: Highly Regarded (Band 2), Real Estate: Mainly Corporate & Finance (Band 4), Technology: Corporate & Commercial (Band 2), Capital Markets: Equity: Manager Counsel (Band 3), Capital Markets: Investment Grade Debt: Issuer Counsel (Band 3), Capital Markets: Investment Grade Debt: Manager Counsel (Band 3), Energy: Mining & Metals (Transactional) Spotlight Table, Financial Services Regulation: Banking (Compliance) (Band 4). Be proactive about your career and take advantage of every assignment and every opportunity given to you. “My experience is that every area of the firm is super-well integrated,” one junior stressed, adding that they “regularly work with colleagues in Toronto, London and Paris – communication is completely seamless.” New York takes on nearly all the firm’s incoming associates, while DC, San Francisco and the firm’s newish Austin and Houston offices (opened in 2018) welcome just a handful. The team has the capability to execute transactions under English, Hong Kong and New York law under one roof. To be best placed at the beginning of your legal career, you need to be in the best place. Main Areas of Practice:■ Antitrust■ Capital Markets Report this profile; Experience. A partnership committee decides if each individual is in good standing to earn a bonus, a process judged “entirely independently” of billing numbers. The firm. Investigations have been a hot pocket of the practice in New York and DC. As one of the first law firms to establish a presence in key global markets, Shearman & Sterling has a long and distinguished history of supporting clients wherever they do business, from major financial centers to emerging and growth markets. Secondly, is the nature of the work, where we can often be found working on market leading transactions and disputes, including some of the largest M&A deals in the world. Interviewees highlighted the benefits of getting to see both smaller multimillion-dollar deals and billion-dollar behemoths: “Working on a big public deal the teams are larger and there are lot of specialists involved, you’re trying to fit moving pieces together. As one M&A junior told us: “I’ve worked on public deals, private deals, very large deals, very small deals, some buy and some sell-side deals, all over a range of industries.” Varied indeed. Shearman & Sterling LLP > Firm Profile . Shearman senior partner Dave Beveridge explains that the firm “already had a strong energy practice in the UK, Europe, Middle East and Asia and are now focused on growth in the US. ■ Investment Funds■ Litigation ■ Mergers & Acquisitions The London office opened over 40 years ago and quickly became one of the leading practices, covering all aspects of English, European and US corporate and finance law. The magazine praises Casey for his work leading the Shearman & Sterling team on The Dow Chemical Co.’s spinoff of its chlor-alkali and derivatives business. DB: It’s no secret that law firms are operating in a rapidly evolving landscape. If you find yourself getting nervous, try to view the process as an opportunity to have a series of engaging conversations with interesting and impressive lawyers.” – John Nathanson, hiring chair. S&S may be best known for its international practice, but the firm has big plans to power-up in the US of A... ELITE law firms aren’t hard to find in New York, but the outfit based at 599 Lexington Avenue has a few tricks up its sleeve to distinguish itself. At the time of writing, three of six partners were in the project development and finance group, where attorneys were "mostly working on oil and gas deals.”, Reflecting on the success of the Texas openings, interviewees added that “the firm already has plans to move to a new Houston office in March 2020.”  The scope in Austin is a little broader with seven partners covering the key corporate disciplines including venture capital, M&A and private equity. We have a great team in Texas to support our global work, and I’m confident that once people in Texas get to know the firm, our culture and our people, that we will continue to attract talented individuals. “‘The Shearman & Sterling team is very skilled in taking extremely complicated information and economic data and boiling it down into short, comprehensible and persuasive arguments.’” Chambers Europe, 2015. Summer associates rotate through two practice groups. Shearman & Sterling represents many of the world’s leading corporations and major financial institutions, as well as emerging growth companies, governments and state-owned enterprises, often working on ground-breaking, precedent-setting matters. Hervé Letréguilly Shearman & Sterling LLP. As an example, we recently held our annual leadership academy for 6th and 7th year associates from around the world in New York. One example is M&A where “a women’s roundtable meets to discuss specific issues. Shearman & Sterling has over 850 lawyers around the world speaking more than 60 languages and practicing U.S., English, French, German, Italian, Hong Kong, OHADA and Saudi law. Firstly, I think what distinguishes us is that we are a truly global firm; we have 24 offices around the world working seamlessly together. Most of the work a summer associate receives comes from their advisors. Each new class of first-years flies out to New York for a conference; there's another for midlevels and a final rendezvous called the 'Associate Leadership Academy' aimed at sixth-years and above. According to the National Law Journal's 2020 NLJ 500 ranking of firms based on size, Shearman Sterling has 849 attorneys and is ranked 51st in the United States. Shearman & Sterling is among Manhattan’s oldest and most prestigious white shoe firms. Visit Shearman & Sterling's careers page for more information. “Having everyone remain generalists was great in theory, but we found that associates were either finding it hard to stay busy or would be going crazy trying to juggle two M&A and two capital market deals simultaneously,” sources revealed. Litigators tend to begin their careers as generalists; the same used to be true in corporate but now associates are placed directly into a subgroup. “It makes it much easier to find a home this way.” Across all groups, task assignment follows a rigid format: “If there’s a matter that needs staffing, assignment partners will send an email asking for volunteers; if they don’t get any volunteers then they’ll start conscripting associates.” Shearman needs you! David Beveridge: Two things. It’s common for associates to move in-house or to smaller firms around their sixth year. The firm is certainly […] Vacation Scheme Please describe the interview process at Shearman & Sterling. For well over a century, the firm has been one of the elite corporate players in areas of capital markets, finance, and mergers and acquisitions. A conversation with John Beahn, partner, Robert LaRussa, counsel, and Lisa Raisner, head of government relations, in the Washington DC office of global law firm Shearman & Sterling, on key issues on the CFIUS regime for controlling foreign direct investment (FDI) in the United States of America. In practice, interviewees found that the policy varies by practice group. CA: What motivated the opening of the firm’s Texan offices? Loose groups like that have been amazing for building connections and make you feel less isolated.” A DC source felt that “they do better in New York than they do here. Most of the matters we work on are highly complex, cutting edge and nearly always cross border. Some of the challenges include the commoditization of legal services; people increasingly taking things in-house; and the growing influence of technology. “Partners tend to specialize in an industry or institutional clients but as a junior you get to try out pretty much everything.” The firm’s practice extends to equity carve-outs and Reverse Morris Trust transactions; derivatives is a specialty of the capital markets team. This is why our culture of collaboration and inclusion is key, so that we can deliver the best results for our clients while continuing to support our people’s well-being. It’s very interesting to see attorneys of different seniorities collaborate.” While big deals require due diligence and proofreading, on smaller projects “we juniors work closely with a senior associate or partner. Corporate clients: Nokia, General Electric, Intercontinental Exchange. They’re very receptive to ideas about socializing, though, and it feels like everyone is onboard with building this environment together.”, “I haven’t experienced a fratty or ‘hey bro’ culture, which is refreshing as a woman doing corporate work.”. 2011 Vault Ranking: 22 Overview. Shearman & Sterling’s Asia Finance practice is an integral part of the firm’s global Finance practice, providing on the ground support to global and regional clients on debt financing transactions. The firm may not be party-hard but “it’s still social. Two rounds, the first includes an interview and the second a proper assessment centre with a group exercise, a written exercise, a case study and another interview. Nathanson tells us that: “Our callback interviews are a mix of conversational and behavioral interviews. They can feel a bit tone deaf.” Others were more optimistic: “I know the firm has started the process of changing policies around mental health and acknowledging burnout culture.” The firm has an initiative called Thrive@Shearman which provides resources to support attorneys, including a monthly newsletter focusing on different topics such as nutrition and financial wellness. ■ Real Estate■ Tax, Lorna Xin Chen, Anil Motwani, Iris Wang, George Casey, Scott Petepiece, Cody Wright, Total 49 Articles, Highlights and Press Releases. We already had a strong energy practice in the UK, Europe, Middle East and Asia and are now focused on growth in the US. We have a distinguished history of supporting clients wherever they do business, from major financial centres to emerging and growth markets. “Work hard; try to learn as much as possible; be enthusiastic about the work and about the opportunities in front of you; meet as many lawyers as possible; take advantage of social opportunities (events, lunches, practice group outings, etc.) To that end, we run lots of events all over the country, where you can see us face-to-face and, hopefully, have all your questions answered. The firm looks at the top schools, but “also we look for impressive students at more regional schools or schools that may be beyond the top 50,” hiring chair John Nathanson tells us. That is how you will learn the most and leave the best impression on those with whom you work.”. For example, we can leverage the advantages of having a presence across multiple time zones. Chambers and Partners No.3 Waterhouse Square 138 Holborn London, United Kingdom “I would say that on average I bill 40 hours a week,” a corporate junior estimated, adding that “there’s also been a handful of weeks where I’ve worked up to 80 hours in a week where a deadline has moved up.” More happily, sources agreed that Shearman respects vacation time: “I’ve taken ten days off and not had one request to do anything for work,” one junior told us. DB: The US is the largest and most profitable legal market in the world, so to be a successful global firm it is essential that we have a strong base here. Senior Partner: David Beveridge Applicants invited to second stage interview: undisclosed, When students visit for a callback interview, they typically meet with two partners or counsel and two associates. Partner George Casey, head of Shearman & Sterling’s Global Mergers & Acquisitions Group, has been named a “Dealmaker of the Year” for 2016 by The American Lawyer.. Litigation clients: Bank of America, Viacom, Credit Suisse. The firm expects all of its associates to bill at least 25 hours of pro bono as part of its bonus criteria. Shearman & Sterling is one of the world’s leading premier global law firms and was established over a century ago. “You’re not expected to reply to emails instantly and if you wait until the next day, nobody is going to be mad with you – switching off is totally realistic.”, “I’ve taken ten days off and not had one request to do anything for work.”. Emerging markets Tier 2 Shearman & Sterling LLP 'brings its knowledge of solving similar problems in other jurisdictions to new emerging markets'.The firm has a strong bench of lawyers for emerging market project development and financings and an impressive track record in jurisdictions such as Kenya, Mozambique, Nigeria, Kazakhstan and Brazil. Number of lawyers worldwide: 896 “At this stage, more so than the on-campus interview, we expect students to have done a fair amount of research on the firm and to have a clear idea of ‘Why Shearman?’”. You get a lot more drafting tasks and many more opportunities to learn.”. to get to know your classmates who will be your future colleagues.” – John Nathanson, hiring chair. “There have been talks of opening dedicated mindfulness and meditation rooms as part of the renovations in New York,” we heard. Shearman & Sterling LLP provides legal services. “Consistent with best practice, our interviewers ask behavioral questions to reduce implicit biases in the interview setting,” says Nathanson. 599 Lexington Avenue, New York, NY 10022-6069 Website www.shearman.com. Shearman & Sterling at KCL, London, United Kingdom. They’re very frank about the challenges of balancing career and family.” Other groups include BLAQUE for black lawyers and the superbly named AVALANCHE for Asian attorneys. We also successfully represented SS&C Technologies in its lawsuit against Clearwater Analytics and secured a total dismissal on the CDOR benchmark antitrust litigation for our clients Bank of Montreal & Bank of Nova Scotia. Shearman & Sterling’s success is built on our clients’ success. “Some of the smaller groups are more progressive and have embraced a working culture that allows people to work where they want,” whereas in the “more traditional groups like M&A there is very much a facetime culture and they expect you to be in.” This was part of the reason why some felt the firm is behind the curve in its approach to mental health. See insights on Shearman & Sterling including office locations, competitors, revenue, financials, executives, subsidiaries and … “I think around half of my colleagues have something other than English as a first language,” one Shearman junior told us. “It’s not unusual for the firm to fly us out to different places.”, Corporate newbies may be slotted into subgroups, but they can still expect a varied practice. However, with that comes more pressure to be available 24/7 and deliver an as efficient service as possible to clients. The first stage: recruitment on and off campus. "Small teams mean plenty of opportunity to take responsibility and progress", said a senior solicitor.

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