Shearman’s race to $1bn hampered as revenue falls
Shearman & Sterling saw profits per equity partner fall more than 20 per cent in the last financial year, wrapping an eventful last few months for its EMEA arm. Profits per equity partner decreased from $2.5m to $1.9m. Meanwhile, revenue per lawyer dipped to $1m. The firm’s global revenue took on a similar downward trend, dropping […]