The shear capacity of slabs under concentrated loads is particularly of interest for bridge decks under concentrated live loads. Often, one-way shear will be analyzed by considering the slab as a wide beam (without taking advantage of the transverse load redistribution capacity of the slab) and two-way shear by considering the punching area around the load. Since experiments showed that the failure mode of slabs under concentrated loads is a combination of one-way and two-way shear as well as two-way flexure, a method was sought that bridges the gap between traditional one-way and two-way shear approaches. The proposed method is a plasticity-based method. This method is based on the Strip Model for concentric punching shear and takes the effects of the geometry into account for describing the ultimate capacity of a slab under a concentrated load. The model consists of “strips” that work with arching action (one-way shear) and slab “quadrants” that work in two-way shear. As such, the resulting Extended Strip Model is suitable for the design and assessment of elements that are in the transition zone between one-way and two-way shear.