The SM and NLO Multileg and SM MC Working Groups: Summary Report.

The 2011 Les Houches workshop was the first to confront LHC data. In the two years since the previous workshop there have been significant advances in both soft and hard QCD, particularly in the areas of multi-leg NLO calculations, the inclusion of those NLO calculations into parton shower Monte Carlos, and the tuning of the non-perturbative parameters of those Monte Carlos. These proceedings describe the theoretical advances that have taken place, the impact of the early LHC data, and the areas for future development