News

Shearman & Sterling keeps 13 out of 16 qualifying trainees

By on
47

A score of 81%

The London office of US law firm Shearman & Sterling has posted a retention score of 81%.

The outfit confirmed today that it was keeping 13 of its 16 autumn qualifiers. The new recruits will be spread across a number of the firm’s key practice areas, including antitrust; finance; financial institutions; advisory & financial regulatory; international arbitration; investment funds; litigation; mergers & acquisitions and project development & finance.

Twelve out of the 13 NQs will start lawyer life in London, with one associate taking up a position in the firm’s international arbitration team in Abu Dhabi.

“We are pleased to see talented and ambitious young lawyers accepting offers to start their careers with us,” commented partner and training principal, John Adams, who heads the trainee solicitor programme in Shearman & Sterling’s London office.

The 2019 Legal Cheek Firms Most List

Matthew Readings, head of the London office, added:

“We are delighted that these talented lawyers will be building their careers here. As a firm we are committed to being an employer of choice and attracting and retaining the best talent. We look forward to continuing to work with our newly qualified colleagues as they progress in their exciting legal careers.”

News of the firm’s latest retention score comes just over a week after it confirmed pay boosts for its junior lawyers. As reported by Legal Cheek, NQs now enjoy a salary of £120,000, up from an already impressive £105,000 — a rise of 14%. Our Firms Most List shows trainees at the New York-headquartered outfit currently receive £45,000 in year one, rising to £50,000 in year two.

The firm, which dishes out around 15 training contracts annually, was a strong performer in our latest Trainee and Junior Lawyer Survey, scoring an A* for quality of work, as well as As for training, peer support, partner approachability and perks. It went on to bag the gong for ‘Best Law Firm for Quality of Work 2019’ at our glitzy awards ceremony earlier this year.

For all the latest commercial awareness info, and advance notification of Legal Cheek's careers events:

Sign up to the Legal Cheek Hub

47 Comments

Anonymous

Top

Anonymous

Jumping the gun a little, lads.

Anonymous

I thought offers only came out yesterday – hard to believe every single trainee accepted on the spot

Anonymous

Why is that hard to believe?

Anonymous

Because no one accepts on the day – people have to think about it

Anon

They’ve probably been thinking about it for two years. I think by that point you know what your answer will be.

Anonymous

Not to mention!!! A job offer!!! From Shearman and Sterling!!! Why wait!!! You won’t get anything better!!!

Anonymous

This is a really naive answer … obviously, not everyone would have got the department they wanted. Just because you “think about it for two years” doesn’t mean you get what you want.

Anonymous

Surely common sense will tell you that this isn’t true. You may not have got the team you want and even if you did you might be waiting to hear back from other firms. Or you might simply just not have signed the bloody form yet even if you are sure. Point is, they can’t post retention rates less than 24 hours after giving out offers.

Anonymous

Yeah plus some people get to their last seat not knowing what they want to do

Anonymous

Surely any prudent lawyer would take some time to review the offer before accepting it.

Anonymous

Have they really all accepted? Too soon to publish this

Anonymous

“Accepted” is fake news. Try again next week

Anonymous

’13 of its 16 autumn qualifiers had accepted associate roles.’ So how many were offered NQ jobs?

Anonymous

All of them? What a stupid question.

Anonymous

You are wrong.

Anonymous

So is your mum.

Anonymous

Nah it’s a good question actually. Firms typically skew retention figures and it’s also not right to assume all trainees are good enough to be kept.

Anonymous

13 out of 16 were offered. Goodness knows how many will accept. Entirely different statistics.

Anonymous

As a law student is Shearman & Sterling worth targeting in London? In terms of quality of work, career progression, opportunities down the line etc. – how does it compare to White & Case, Latham, Kirkland and then other smaller outfits like Milbank?

Grad Wreck

I’m sure they’ll be honoured if you ‘target’ them!!!

If you got a TC at any of those firms you should bite their hand off.

Anonymous

No, it’s pupillage at a Magic Circle set you’re a professional, academic and personal failure.

FFS, of course it’s worth looking at if you like the kind of work it does.

QMUL Law Student

Is project finance work any good? Apparently Shearman are well known for it but not sure if it’s worth doing. How does it compare to private equity work which seems good atm. Tx

Anon

Projects is da best, private equity is da pitz

Anonymous

kk thx bye

An actual lawyer

You won’t know til you try either. Two people can have very different experiences in one team – just because a firm is well known for something doesn’t mean you’ll be any good at it / like it.

QMUL Law Student

Thanks. I am hoping to move to business side PE eventually from law so will probs stick to PE focussed firms for now. On the off chance I don’t get in I may look elsewhere.

Anonymous

Are you sure that law is the way into “business side PE”? I would have thought investment banking or perhaps accountancy would be the way to go on that front.

Anonymous

Troll

Responding to annoying QM student

Im pretty sure i met this guy at an event. He’s always confusing fantasy with ambition.

Anonymous

From my understanding, it’s more focused on finance and project finance (which are world class), while also having a respectable corporate and dispute resolution offering.
I think the appeal with S

The Appold Street Assassin

Its awful

Horatio Caine

I guess you could say that they sheared off those trainees whose work wasn’t of sterling quality.

Anonymous

Do you want another go at that one mate?

Lord Green

Top bantz old boy

SOLIC1

HILARIOUS, very much jumping the gun!!

NQ tbc

I haven’t accepted!!!!

Anonymous

Nobody asked you though

NQ TBC 2

I haven’t accepted either!!!

Anonymous

If only…

Hillzyb

Whiteboard Wednesdays is goals

ChickenLittle4.0

HUSH YA NOISE

Anonymous

Might want to double check your facts there Legal Cheek?

Anonymous

A lil pre-mature Sherman babes

Anonymous

Projects at Shearman is sweaty af. Hours through the roof, compared to the rest of the firm. Good partners though.

Anonymous

We ay accepted

Anonymous

Y u deletin comments Legal Cheek? #censorshipisreal #fakenews

Join the conversation

Related Stories