Allen Overy Shearman Sterling US LLP

Allen Overy Shearman Sterling US LLP, a foreign-owned partnership headquartered in New York, delivers specialized legal advisory services to federal agencies on infrastructure financing, export credit programs, and regulatory compliance as a prime contractor (97% of recent awards) competing in full-and-open procurements with no set-aside designations. The firm is a U.S.-based operating subsidiary of Allen & Overy LLP, a global law firm.

Allen Overy Shearman Sterling US LLP operates across eight federal customer agencies with pronounced concentration in export financing and water infrastructure law. The Export-Import Bank of the United States anchors the portfolio at $208.1 million combined potential value across nine awards—primarily delivery orders under the $175 million EXIM-wide Legal Services IDIQ extending through May 2028. The Environmental Protection Agency's Office of Water accounts for $94.6 million across five awards, all delivery orders under the $82 million Water Infrastructure Finance and Innovation Act Legal Advisory Services IDIQ running through October 2027. The Department of Transportation's Immediate Office of the Secretary follows with 10 awards valued at $18.9 million, concentrated under an $11.45 million multiple-award IDC supporting the Build America Bureau's infrastructure financing initiatives through February 2029. The Federal Highway Administration, Federal Railroad Administration, Department of Energy, and International Development Finance Corporation round out the active set. These five agencies account for 99% of combined potential value.

Recent representative work illustrates the capability footprint. Under the DOT Build America Bureau IDC, Allen Overy Shearman Sterling US LLP has delivered nine task orders totaling $10.65 million for legal advisory services on major infrastructure projects including the Brightline West High-Speed Intercity Passenger Rail Project ($1.99 million), the I-285 East Express Lanes Project ($6.23 million), and the North Tarrant Expressway Capacity Improvements Project ($961 thousand), all structured as time-and-materials or labor-hours arrangements with completion dates extending through 2027. Under the EXIM-wide Legal Services IDIQ, the firm has executed delivery orders including a $6.25 million legal representation engagement for export financing programs (awarded July 2021, extending through January 2027) and a $500 thousand order for DEI and Executive Order 14398 compliance support (awarded December 2025, extending through December 2030). Under the EPA's WIFIA Legal Advisory Services IDIQ, the firm holds four active delivery orders with ceilings ranging from $1.2 million to $5.46 million, supporting infrastructure project financing applications and regulatory compliance through October 2027. The firm also holds a $9.48 million single-award BPA with the Department of Energy's Western Area Power Administration for general legal consultation services (awarded January 2025, extending through January 2027) and a $3.18 million single-award BPA with the Federal Railroad Administration for real estate legal services through December 2030.

The portfolio carries a near-term recompete cliff: eleven awards with ultimate completion dates in the next twenty-four months hold combined potential value of $25.1 million. Activity has remained steady, averaging 5–8 awards per fiscal year from 2022 through 2026, with combined federal potential value of $341.8 million and dollars obligated to date of $14.7 million (4% of potential value). The firm has drawn $345 thousand in SCI-reportable invoiced revenue in FY2024 across 0.3 FTEs on prime contracts, with government-paid hourly rates ranging from a tenth percentile of $615.38 per hour to a ninetieth percentile of $750.92 per hour, indicating senior legal labor pricing across federal engagements. Across SCI-reportable prime contracts, Allen Overy Shearman Sterling US LLP self-performs all labor with no subcontractor engagement. The firm maintains a single named sub relationship: it subcontracted to PCI Government Services LLC on a legal support services engagement for the Office of the Under Secretary of Defense for acquisition in November 2024. All work is performed from the firm's New York headquarters or field locations as required by individual infrastructure projects.