New York, July 21, 2008—Shearman & Sterling’s practice areas and individual attorneys have received significant recognition in the latest Chambers USA and Legal 500 United States rankings. Both cited the firm for its expertise, client-oriented focus, and deep knowledge of clients’ businesses and markets.

In Chambers USA, the firm has once again been recognized for its outstanding work in 14 practice areas and received first-time plaudits for nine specific legal services. Forty-six Shearman & Sterling US partners received individual recognition.

Practice Area Recognition

Antitrust
Bankruptcy & Restructuring
Capital Markets
Employee Benefits & Executive Compensation
Finance
International Arbitration
Latin American Investment
Litigation
Media & Entertainment
Mergers & Acquisitions
Projects
Real Estate
Tax
Wealth Management

First-time Ranking for Specific Legal Service

Banking & Finance: Acquisition Finance: New York
Capital Markets: Derivatives & Structured Products: National
Capital Markets: High-Yield Products: National
Corporate/M&A: The Elite: New York
Environment: Mainly Transactional: New York
Latin American Investment: New York
Litigation: General Commercial: The Elite: New York
Real Estate: Mainly Corporate & Finance: New York
Sports Law: National

In Legal 500 US, Shearman & Sterling ranked as a top firm for its work in 11 practices areas and received first-time plaudits for four specific legal services.

Practice Area Recognition

Antitrust
Capital Markets
Finance
International Arbitration
Labor & Employment
Litigation
Media and Technology
Mergers & Acquisitions
Project Finance
Restructuring
Tax

First-time Ranking for Specific Legal Service

Asset Finance and Leasing
Bank Lending: National
Corporate Restructuring
M&A: Mega-deals