Shearman & Sterling reports an increase in profits per equity partner of 4.2 percent to $1.735 million in 2009, while revenue declined 8.6 percent to $801 million. "We're pleased how the year ended up," says senior partner Rohan Weerasinghe. "It was our second-best year in terms of profitability." While merger activity was slow, Shearman's deal lawyers were saved from idleness by the Middle East, Asia, Germany and the auto industry -- or some combination thereof.
Profits Up, Revenue Down at Shearman & Sterling
The American Lawyer
February 16, 2010