US results: Shearman sees solid City growth but US stalls after rebound year; Gibson surpasses $3m PEP

US results: Shearman sees solid City growth but US stalls after rebound year; Gibson surpasses $3m PEP

Following a rollercoaster ride over the past few years, Shearman & Sterling has unveiled financial results showing moderate but steady growth in 2014 as profit per equity partner (PEP) rose 5.8% on 3% turnover growth. Meanwhile, Gibson, Dunn & Crutcher had its 19th year of consecutive revenue increases with a 6% lift to $1.47bn.

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