'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.
Subscribe today and get 10% off.
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
- 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