'You have to be ruthless about who makes equity partner' – Shearman gambles on non-equity partners
Shearman's partnership shake-up is likely to boost profits – but what are the risks?
As it struggles to maintain its standing among New York’s elite firms, Shearman & Sterling is trying a new tactic: expanding its non-equity partner ranks. The move is likely to increase the firm’s profitability, at least in the short term. But it also carries risks.
This premium content is reserved for
Legal Week Subscribers.
A PREMIUM SUBSCRIPTION 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
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651