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Shearman & Sterling Capital Markets?
Posted: Mon Apr 26, 2021 2:21 pm
by 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.
Re: Shearman & Sterling Capital Markets?
Posted: Mon Apr 26, 2021 3:01 pm
by 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.
Re: Shearman & Sterling Capital Markets?
Posted: Mon Apr 26, 2021 3:14 pm
by Anonymous User
Anonymous User wrote: ↑Mon Apr 26, 2021 3:01 pm
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?
Re: Shearman & Sterling Capital Markets?
Posted: Mon Apr 26, 2021 3:34 pm
by Anonymous User
Anonymous User wrote: ↑Mon Apr 26, 2021 3:14 pm
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.
Re: Shearman & Sterling Capital Markets?
Posted: Mon Apr 26, 2021 6:56 pm
by Anonymous User
Anonymous User wrote: ↑Mon Apr 26, 2021 3:01 pm
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.
Re: Shearman & Sterling Capital Markets?
Posted: Mon Apr 26, 2021 10:51 pm
by Anonymous User
Anonymous User wrote: ↑Mon Apr 26, 2021 3:34 pm
Anonymous User wrote: ↑Mon Apr 26, 2021 3:14 pm
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.
Re: Shearman & Sterling Capital Markets?
Posted: Tue Apr 27, 2021 12:13 am
by Anonymous User
Anonymous User wrote: ↑Mon Apr 26, 2021 10:51 pm
Anonymous User wrote: ↑Mon Apr 26, 2021 3:34 pm
Anonymous User wrote: ↑Mon Apr 26, 2021 3:14 pm
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?