Shearman & Sterling LLP

Capital Markets: Debt & Equity Department

USA - Nationwide
Current View:

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What the team is known for Acts for both issuers and underwriters on a range of corporate and securities matters. Able to advise on a wide variety of capital markets deals, ranging from high-yield debt offerings to IPOs. Utilizes its notable cross-border capability in advising international banks on their most complex transactions. Possesses industry specialization in the technology, telecommunications and healthcare sectors, among others.

Strengths One client attests: "The team at Shearman is exceptional. Beyond the senior partners, their bench of associates and of counsel professionals are highly responsive and always well prepared. I think they are one of the top firms."

Interviewees label the team "very knowledgeable, efficient and practical," and add: "They are super responsive."

Work highlights Acted for CVS Health on its $40 billion bond offering.

Represented JPMorgan Chase, Morgan Stanley, RBC Capital Markets, Bank of America Merrill Lynch and Wells Fargo as underwriters of Catalent's follow-on offering of shares valued at $460 million.

Notable practitioners

David Beveridge is a "terrific lawyer" whose extensive expertise in capital markets matters encompasses representing both issuers and underwriters in the full breadth of securities offerings. He frequently acts for clients on IPOs, high-yield note issuances and other debt offerings, with particular expertise in cross-border transactions. He is Senior Partner of Shearman & Sterling.

Ilir Mujalovic gets excellent feedback for his representation of issuers and underwriters on high-yield and convertible bond offerings, as well as IPOs and other equity issuances. One impressed client says: "He makes the work look effortless. He's a pleasure to work with, and he's very proactive and efficient. I love working with him."

Merritt Johnson gains increasing recognition for his growing capital markets practice, which sees him acting for clients on high-yield and investment-grade debt transactions as well as handling IPOs and secondary equity offerings. Clients describe him as a "great capital markets attorney" and add: "He is great at executing things in an effective manner, and is very practical and responsive."