London, January 28, 2008—Shearman & Sterling has once again demonstrated its global strength in the projects market by dominating Infrastructure Journal’s annual league tables.

The firm was ranked as the “Top Legal Adviser for mandates won” globally in 2007 and was ranked first in a number of regional- and industry-based categories, highlighting the firm’s truly international capability.

Regionally Shearman & Sterling was placed in the top spot for “Top North America Legal Adviser for mandates won,” “Top Latin America Legal Adviser for mandates won,” and “Top Asia Pacific Legal Adviser for mandates won.” In the Industry categories the firm was ranked the “Top Petrochemical Legal Adviser for Closed deals,” “Top Power Legal Adviser for mandates won” and “Top Petrochemical Legal Adviser for Mandates won.”

Commenting on the firm’s ranking, Nick Buckworth, head of the Project Development & Finance (PDF) group at Shearman & Sterling, said:  “2007 was another remarkable year for the PDF team, especially when you consider the much larger size of many of our competitors. This result very much validates the ‘high end’ focus of the firm’s strategy and the exceptional capabilities of the PDF group. We have a strong outlook for 2008 and expect to remain on an upward trajectory.”

In 2007 the firm was involved in some of the largest projects deals, including Carrix port financing in the US, Marafiq IWPP in Saudi Arabia and Fujian Petrochemicals project in China.

Shearman & Sterling’s PDF group has also received outstanding recognition in 2007, winning “Global Law Firm of the Year 2007” from Project Finance International. The firm was also recognised for its involvement in Project Finance’s “Global Deal of the Year 2007” for Barka II IWPP/Al Rusail IPP and Project Finance International’s “Europe, Middle East and Africa Power Deal of the Year 2007” for Marafiq IWPP.

For additional information contact:
Nick Buckworth | London | +44 20 7655 5085 |  
Hayley Martin | London | +44 20 7655 5986 |