Shearman boosts PEP as revenues remain flat amid US corporate refocus

Firm tight-lipped on 2017 London performance after 14% revenue hike last year

While its gross revenue barely budged last year, Shearman & Sterling was able to lift profit per equity partner (PEP) in 2017 about 7%.

Shearman leaders said the main drivers in profitability growth were the firm’s “business mix”, and that its strategy is aimed toward growing disproportionately in the US with corporate clients.

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