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UK/global turnover: |
£58.7m/£422m |
UK/global PEP: |
£950,000/£628,000 |
UK/global revenue per lawyer: |
£466,000/£438,000 |
UK revenue per partner/equity partner: |
£2.4m/£2.3m |
Global revenue per equity partner: |
£2m |
UK/global number of partners: |
25/207 |
| UK/global number of lawyers: |
126/963 |
| UK number of staff: |
264 |
| UK/global leverage ratio: |
4.0/3.7 |
| UK equity partner to staff ratio: |
10.6 |
SHEARMAN & STERLING took a bold step
towards implementing its strategy of
developing London as a leading full-service
offering during 2004, most notably with the
lateral hire of Ian Nisse from Ashurst.
The firm's focus remains on the upper end
of M&A and finance, with Nisse's property
team supplying the support expertise. The firm
secured a number of significant instructions
off the back of the M&A resurgence. Combined
with its solid reputation on capital
markets, the London finance team contributed
59 per cent of the office's total gross revenue.
This assisted in bolstering gross revenue by
9 per cent to £58.4m, although it was
not enough to compete with Latham &
Watkins' skyrocketing revenue, which saw
Shearman pushed down to fourth spot in the
international table.
Key deals for the firm included completing
its first big deal for Ebookers (a former
Linklaters client) by advising on Cendant
Corporation's $404m (£220.5m) public bid
for the travel company, and advising The
Berkeley Group on its £1.46bn return to
shareholders. |
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