Revenue at Shearman & Sterling’s City office rose by 5 per cent in the last financial year, up from $104.2m in 2010 to $109.2m in 2011.
This is a stronger performance than the firm as a whole put in, with global revenues inching up by 2 per cent to $750m. This is a turnaround from 2010, when the firm saw overall revenues slide by 8 per cent, a slip that was not felt in the London office (4 April 2011).
Growth in London revenues was accompanied by a marginal boost in lawyer numbers, with the full-time equivalent figure totalling 114.6, up from 111.5.
Firmwide headcount reached 834, with notable hires including a 17-lawyer antitrust and competition team from Howrey’s Brussels office (23 February 2011).
Earlier this year, Shearman beefed up its energy practice with the addition of Ashurst City project partner John Inglis (10 January 2012). The hire came after projects partner and former London chief Kenneth MacRitchie’s left Shearman for UK Green Investments late last year (22 December 2011).
