Shearman & Sterling received the Asset Asian Triple A Award, 2003 for both "Best Capital Markets Lawyer" and "Best M&A Lawyer."

The firm's Asian capital markets team was recognized for its work in significant deals, including its representation of Hutchison Whampoa in two bond transactions that totaled $3.5 billion and Merrill Lynch as underwriter in the $732 million equity offering and partial privatization of Krung Thai Bank.

The M&A group was honored for its involvement in defining deals like its representation of Asia Netcom in its acquisition of certain assets of Asia Global Crossing and Aventis Pharma Deutschland in the sale of its 50% interest in a China pharmaceutical joint venture.