Shearman & Sterling reports an increase in profits per equity partner (PPP) 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.” And he adds, “We’re looking at 2010 with a lot more optimism.”

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