Shearman & Sterling Capital Markets? Forum

[Anonymous User]

Can anyone there or who was there give me some insight into what the practice and people are like? Future exit options? Lifestyle? Types of clients/work? Thank you.

[Anonymous User]

Some of the partners are low-key sociopaths, and some of the associates are difficult to work with.

Lateral options of those with 3+ years or experience is good: Latham, Cooley, etc. Lateral options of those who are stealthed after 1-2 years is less good: midlaw, V100s, or V50s with undistinguished practices.

Assignment to the group, as to other groups, is random. You might not get it even if you want it.

You should consider other firms, as S&S is the only V50 that experienced significant revenue and PPP drops due to mismangement.

https://www.law.com/americanlawyer/2021 ... 21-growth/

OTOH, if it's your only option, you should still take it as older attorneys still think it is a very good firm, and it has some solid practices--such as capital markets.

[Anonymous User]

Some of the partners are low-key sociopaths, and some of the associates are difficult to work with.

Lateral options of those with 3+ years or experience is good: Latham, Cooley, etc. Lateral options of those who are stealthed after 1-2 years is less good: midlaw, V100s, or V50s with undistinguished practices.

Assignment to the group, as to other groups, is random. You might not get it even if you want it.

You should consider other firms, as S&S is the only V50 that experienced significant revenue and PPP drops due to mismangement.

https://www.law.com/americanlawyer/2021 ... 21-growth/

OTOH, if it's your only option, you should still take it as older attorneys still think it is a very good firm, and it has some solid practices--such as capital markets.

Is this specific to cap markets group or the firm generally? Also are there are lot of instances of people being stealthed?

[Anonymous User]

Is this specific to cap markets group or the firm generally? Also are there are lot of instances of people being stealthed?

Generally is right--in every group, there are rotten apples among partners and associates. And, generally, those with 3+ years of experience have good lateral options. Senior associates tend to go in-house, whereas midlevels tend to lateral "up." I don't think stealthing is common, but the firm is small enough that the handful of instances are very noticeable and feel like a lot.

[Anonymous User]

Some of the partners are low-key sociopaths, and some of the associates are difficult to work with.

Lateral options of those with 3+ years or experience is good: Latham, Cooley, etc. Lateral options of those who are stealthed after 1-2 years is less good: midlaw, V100s, or V50s with undistinguished practices.

Assignment to the group, as to other groups, is random. You might not get it even if you want it.

You should consider other firms, as S&S is the only V50 that experienced significant revenue and PPP drops due to mismangement.

https://www.law.com/americanlawyer/2021 ... 21-growth/

OTOH, if it's your only option, you should still take it as older attorneys still think it is a very good firm, and it has some solid practices--such as capital markets.

Ive seen several lateral to STB/KE as well, and a few to DPW (finance). Mostly mid-levels.

[Anonymous User]

Is this specific to cap markets group or the firm generally? Also are there are lot of instances of people being stealthed?

Generally is right--in every group, there are rotten apples among partners and associates. And, generally, those with 3+ years of experience have good lateral options. Senior associates tend to go in-house, whereas midlevels tend to lateral "up." I don't think stealthing is common, but the firm is small enough that the handful of instances are very noticeable and feel like a lot.

As another ex-Shearman associate, I can confirm this is pretty accurate. I lateraled to a better firm after 3 years at Shearman. Midlevels there tend to mostly lateral up or go in-house. Those that get fired or stealthed as a first or second year have very limited options.

[Anonymous User]

Is this specific to cap markets group or the firm generally? Also are there are lot of instances of people being stealthed?

Generally is right--in every group, there are rotten apples among partners and associates. And, generally, those with 3+ years of experience have good lateral options. Senior associates tend to go in-house, whereas midlevels tend to lateral "up." I don't think stealthing is common, but the firm is small enough that the handful of instances are very noticeable and feel like a lot.

As another ex-Shearman associate, I can confirm this is pretty accurate. I lateraled to a better firm after 3 years at Shearman. Midlevels there tend to mostly lateral up or go in-house. Those that get fired or stealthed as a first or second year have very limited options.

How often does stealthing go down, that multiple posters are discussing it?