Shearman & Sterling held its headline financial numbers steady or nearly so in 2012, with gross revenue inching up 0.3 percent, to $752 million, profits per partner ticking down 2.6 percent, to $1.52 million, and revenue per lawyer dipping 0.6 percent, to $895,000, according to The American Lawyer‘s reporting. At the same time, the firm suffered a 12 percent decline in net income, to $240.5 million.
Despite the mixed results, M&A star Creighton Condon, who took over as the firm’s senior partner when his predecessor, Rohan Weerasinghe became Citigroup’s general counsel in April, has an upbeat tone when discussing the New Yorkbased global firm’s strategy going forward.
