Shearman & Sterling LLP, one of the world's premier global law firms, has been at the forefront of the legal profession for well over a century. Today we are one of the largest legal practices around the world with a significant European client base.

Our reputation, skills and expertise are recognised throughout the world. Our London office, established in 1972, is a leading practice covering all aspects of English, U.S. and European corporate and finance law. We employ over 150 English and US trained legal staff in London and have more than 1,000 lawyers in 19 offices worldwide.

Our areas of work are:

• European finance (including capital markets, structured finance and acquisition/leveraged finance) - primary and secondary structured debt, bridging facilities, debt trading and financial restructuring.
• Project development and finance - all aspects of project finance in the power, oil, gas, telecommunications, mining and transport infrastructure sectors.
• Mergers and acquisitions - public and private cross-border transactions on a pan-European scale.
• International arbitration and litigation - international commercial law on a global scale.
• EU and competition - cross border and UK M&A transactions, restrictive practices and abuse of dominance, competition litigation, state aid, public procurement and utility regulation.
• Tax - all direct and indirect tax aspects of structured finance and securitisations, domestic and international banking, capital markets issues, mergers and acquistions and reorganisations.
• Financial institutions advisory and asset management - advising financial institutions and infrastructure providers on the legal and regulatory aspects of their proprietpry business. Establishing new private equity, hedge and property funds and advising asset managers on all aspects of their business.
• Executive compensation and employee benefits - providing sophisticated advice on the design and implementation of compensation and benefit arrangements in the UK and the US.
• Intellectual property - liaising closely with other major practice areas in London to provide a comprehensive assessment of intellectual property issues arising from major domestic and cross border transactions.
• Property - our property practice provides a full property capability with an emphasis on development projects, investment transactions and acting for high-end occupiers.

GDL & LPC. Plus £7,000 maintenance grant.

We run a two-week vacation scheme for students, who will spend time in one of our practice groups. Dates for the scheme are:

• 14 - 25 June 2010
• 28 June - 09 July 2010
• 12 - 23 July 2010

Our two-year training programme will equip you with all the skills needed to become a successful commercial lawyer. After a short induction, you will spend six months in each of our main areas of practice. You will be treated as an integral part of our London team from the outset. We will expect you to contribute creatively to all the transactions you are involved in. Ours is an informal yet professional atmosphere. Your enthusiasm, your intellect and your energy will be more important than what you wear to work.

We will provide you with a supervisor, a mentor, arrange personal and professional development courses and give you early responsibility.

We also offer sponsorship for the GDL and LPC courses, together with a maintenance grant of £7,000 per academic year.