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.

This premium content is reserved for
Legal Week Subscribers.

Subscribe today to get ALL ACCESS and 15% off!

A premium subscription gives you access to all articles and provides:

  • Trusted insight, news and analysis from the UK and across the globe
  • Connections to senior business lawyers within the leading law firms and legal departments
  • Unique access to ALM’s unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week’s UK Top 50 and Global 100 rankings
  • The Legal Week Daily News Alert, Editor’s Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
  • Optimized access on all of your devices: desktop, tablet and mobile
  • Complete access to the site’s full archive of more than 56,000 articles

Subscribe Now For All Access

For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651