Shearman & Sterling offices in Washington, D.C. Photo: Diego M. Radzinschi/ALM
Profits per equity partner also increased, but the firm's equity partnership declined 2.8 percent from a year earlier.
February 21, 2019 at 01:51 PM
1 minute read
Shearman & Sterling’s financials improved in 2018, with the firm reporting higher revenue and profits compared to a year earlier.
Gross revenue in FY2018 totaled $955.5 million, compared to $917.5 million in FY2017—an increase of 4.1 percent. The firm reported net income of $335.3 million, compared to $328.3 million in FY2017—an increase of 2.1 percent.
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