News Column

Shearman lifts London revenue

February 21, 2014

ELIZABETH FOURNIER



US LAW firm Shearman & Sterling has posted a 20 per cent hike in revenues at its London office, its fourth year of growth in the capital.


Turnover at the firm rose from $112.6m (67.61m) to $134.8m in the 2012-13 financial year, led by a strong performance in the highyield and finance practices. Global revenues at the New Yorkheadquartered firm grew more slowly, rising just over nine per cent to $820.5m. But profits per partner - a key measure of law firm success - grew by more than double that, rising 18.4 per cent to $1.8m.


Last year the firm advised Liberty Global on its 15bn takeover of Virgin Media.


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Source: City A.M. (UK)


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