2022 Vault Rankings
- New York#29
At a Glance
“One-on-one training from partners.”
“Good opportunities for associates to step up and take higher-profile roles.”
“The people, hands down. They care about you on a personal level.”
“The hours are long.”
“Very difficult to internally transfer between groups.”
“Lack of transparency about partnership.”
About Shearman & Sterling LLP
Shearman & Sterling is one of the world’s leading law firms, serving the domestic and cross-border needs of an impressive roster of clients. With approximately 850 lawyers in 25 offices across North America, Europe, Asia, Latin America, and the Middle East, the firm has an enviable blend of prestige, prowess, and reach.
Over 145 years ago, prominent lawyers Thomas Shearman and John Sterling locked hands in partnership, combining two legendary reputations to lay down a law firm’s foundation. Shearman & Sterling didn’t waste any time establishing itself—soon after the firm’s birth, it began forging relationships with Wall Street’s most commanding companies and personalities: The firm’s first client was Jay Gould, and Jim Fisk followed soon after. These clients set the stage for many big names to follow.
From M&A to Cross-Border
Shearman & Sterling boasts a noteworthy lineup of practices, including antitrust, corporate governance, derivatives/structured products, executive compensation and employee benefits, finance, financial institutions advisory and financial regulatory, financial restructuring and insolvency, investment funds, litigation, and project development and finance.
The firm is known for its extensive domestic and global M&A practice. Citigroup and its predecessor banks have been clients of the firm since the late 19th century, and through the decades, the firm has represented the financial institution in many transactions, including its 1998 merger with Travelers Group to form the current entity, Citigroup. In 1956, the firm took Ford Motors public. Skipping ahead a half-century or so, the firm notably represented the financial advisor to Pixar when the animation company was acquired by Disney in 2006.
Shearman & Sterling’s global reach—especially its prominence in Asia, India, and the Middle East—opens the door to considerable cross-border work for a who’s who of international clients. Shearman has also established itself in Central and South Americas. With a presence in Brazil since the 1930s, the firm has advised on some of the country’s most significant financial transactions, including Petrobras’ global equity offering in 2010—one of the largest offerings ever—and its US$7 billion global notes offering in 2012, the largest one-time debt offering ever by a Latin American issuer. Outside of Brazil, the firm is active in Chile, Colombia, Mexico, and Panama—the Panama Canal Authority called upon the firm to advise on the financing of the historic expansion of the Panama Canal.
Shearman & Sterling attorneys routinely take on pro bono matters that benefit individuals, communities, and organizations on a global scale. Examples that illustrate the breadth of the firm’s recent work include: a global fundraising effort, initiated by the firm’s Asia offices, to provide health care workers with PPE during the COVID-19 pandemic; a trial and appellate victory, achieved in partnership with the International Refugee Assistance Project (IRAP), on behalf of refugee resettlement organizations in the United States to secure equitable refugee treatment and protection of the resettlement program from political interference; and a partnership with U.K.-based NGO Human Rights at Sea to establish an international arbitration mechanism for victims of human rights abuses that occur at sea. In 2020, the firm’s attorneys donated more than 58,000 hours to pro bono matters, and the firm was recognized by The American Lawyer as a top pro bono firm.
Our 2021 summer program was eight-weeks, fully virtual, and executed with a global perspective in mind. Although the program was shortened to eight weeks, Shearman summer associates received 10 full weeks of pay. The virtual program had all of the components of a traditional summer program: substantive work, mentorship programs, social events, Summer Associate University trainings, and more.
News & Awards
- Shearman & Sterling advised CVS Health Corporation on its $69 billion acquisition of Aetna, an industry-transforming transaction resulting in more integrated and efficient health care services for consumers and health professionals.
- Shearman & Sterling led the strategic Dow Inc. separation and spinoff from DowDuPont, one of the most complex and largest M&A transactions in history.
- Shearman & Sterling was appointed by the DOJ and SEC to serve as the independent compliance monitor for Baker Hughes (at the time, the largest FCPA case on record), which involved review activities in over 30 countries.
- Shearman & Sterling advised the underwriters on Ford Motor Company’s $8 billion senior notes offering. This represents the largest ever offering by Ford and the largest ever deal of its kind.
- Corporate Equality Index 100-percent score, 2021—Human Rights Campaign
- Loans Team of the Year, 2021—IFLR Americas Awards
- Ranked 17th on National Pro Bono Scorecard, 2020—The American Lawyer
- Ranked 4th on Mid-Level Associates Survey, 2020—The American Lawyer
- Ranked Top 30, 2020—The American Lawyer A-list
Why Work Here
Shearman's commitment to Pro Bono has won the firm wide recognition.
Shearman was one of the New York firms to provide Pro Bono assistance to victims of the September 11, 2001 terrorist attacks. The firm advised residential and commercial tenants who were unable to return to their homes and businesses because of the attacks, and the private client group advised on trust and estate issues. Special recognition went to the firm's successful campaign to win compensation for a woman whose common-law husband died in the World Trade Center. Common-law marriages aren't recognized in New York State, making the woman ineligible under initial rules; Shearman eventually secured recognition of the marriage and compensation from the fund set up for victims and their families. Shearman continues to represent the families of more than 20 victims, many of which are low-income, immigrant families.
599 Lexington Avenue
New York, NY 10022
Phone: (212) 848-4000
Senior Partner: David Beveridge
Recruiting Chair: John Nathanson
Total No. Attorneys (2021):
750 - 1K
No. of Partners Named 2021:
Base Salary (2021)
1st year: $205,000
2nd year: $215,000
3rd year: $240,000
4th year: $275,000
5th year: $305,000
6th year: $330,000
7th year: $350,000
8th year: $365,000
Summer Associate: $3,894/week
Director of Legal Recruiting
General Recruiting Email:firstname.lastname@example.org
No. of U.S. Offices: 7
No. of International Offices: 18
Menlo Park, CA
New York, NY
San Francisco, CA
Washington, DC I Abu Dhabi
Anti-Corruption and Foreign Corrupt Practices Act
Compensation, Governance & ERISA
Financial Institutions Advisory & Financial Regulatory
Financial Restructuring & Insolvency
Mergers & Acquisitions
Privacy & Data Protection
Project Development & Finance
*See firm website for complete list of practice areas and industries.