Shearman & Sterling


The Lawyer UK 200

  • UK 200 Position: 5

    • UK 200 Position: 5
    • UK/global turnover: £62.5m/£457.61m
    • Global PEP: £804,000
    • UK/global RPL: £534,000/£549,000
    It was a disappointing year for Shearman & Sterling, which reported stagnant revenue figures both globally and in London.

    Global PEP for the firm’s 196 equity partners performed far better, up by almost 14 per cent to £804,000 from £714,000 in 2005. This result was generated off a global net profit of £157.61m in 2006.

    But London fared less well, generating a profit of £19.57m, despite the office landing some choice instructions, such as the lead role in advising Nokia on its £10.97bn network merger with Siemens.

    Shearman’s disappointing London results follow a tough period for the office following a spate of partner losses, including that of rated corporate partner Jonathan Coppin to Hogan & Hartson in July 2006. That said, the London office did swoop for Freshfields Bruckhaus Deringer co-head of dispute resolution Jo Rickard, who left because of Freshfields’ pension reform.

    • Web: www.shearman.com
    • Telephone: 020 7655 5082
    • Fax: 020 7655 3395
    • No. of Trainees: 27
    • No. of Trainee Vacancies: 15
    • Training contract application deadline: 31-Jul-08
    • Selection
      • Individual interview: Yes
      • Panel interview: Yes
      • Assessment day: No
      • Psychometric test: No
      • Written exercise: No
    • No. of Seats: 4
    • Opportunities Abroad: Yes
    • Vacation Schemes
      • No. placements: 30
      • Summer vacation scheme application deadline: 28-Feb
    • GDL/CPE Intake: 40%
    • GDL/CPE funding
      • Fees: Yes
      • Maintenance: £7,000
    • LPC funding
      • Fees: Yes
      • Maintenance: £7,000
    • Salary/benefits
      • Start: £39,000
      • Qualification: £80,000
      • Season ticket loan: Yes
      • Healthcare: Yes
      • Pension scheme: Yes
      • Life assurance: Yes
      • Bonus scheme: Yes
      • Gym membership: Yes
      • Subsidised lunch: Yes
      • Free taxis after hours: Yes