Word: shearman
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Factory" lawyers fall into two broad categories: partners, who divide up the profits, and associates, who are paid salaries. With 24 partners and 47 associates, the Nixon firm barely ranks among New York City's 20 biggest. At the top in size is Shearman & Sterling, with 158 lawyers. Outside New York, firms with as many as 50 lawyers are uncommon: there are five in Philadelphia, five in Houston, four in Chicago, four in Cleveland, two in Los Angeles, one each in Washington, Boston and San Francisco...
...names sometimes suffer drastic changes, the big law offices are usually solid and durable institutions. Most of today's giants are direct descendants of firms established generations ago. Nixon, Mudge, Rose, Guthrie & Alexander, for example, traces back to 1869. Relationships with clients tend to be just as durable. Shearman & Sterling has represented one New York bank for the past 67 years...
...seldom easy. Getting ahead in a big law firm means a hefty amount of evening and weekend work. "There is somebody here every night of the year except Christmas," says a Shearman & Sterling partner. Once he gets to be a partner, a factory lawyer finds that he works just as hard at the top as he did on the climb. Wall Street lawyers still like to recall an anecdote about the late Hoyt A. Moore, a partner in Cravath, Swaine & Moore. A colleague once told Moore that the firm ought to hire more associates because the staff was overworked. "That...