Shearman & Sterling has eliminated the job of its full-time general counsel, John Shutkin. The firm hired Shutkin in 2004 from KPMG International, where he had been general counsel for five years. Shutkin was one of the few law firm GCs brought in from outside the law firm world, part of a wave of hirings of in-house lawyers at The Am Law 100.
When Shearman hired Shutkin, the firm’s senior partner David Heleniak said that the new job would include overseeing and managing “the areas of risk inherent in operating as a global institution.” Heleniak left Shearman for Morgan Stanley in 2005 and now Shutkin’s job is going, too.
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