A scalable packet switch possessing a multiport memory, a multiport memory manager, two or more input/output (I/O) ports, and two or more switch engines. Each switch engine is associated with one or more I/O ports, and is adapted to receive inbound packets and transmit outbound packets via the associated I/O ports. Inbound packets are stored in a shared packet buffer. Each switch engine is further adapted to (i) determine (i.e., bridge) the outbound I/O port(s) for received inbound packets by consulting a shared bridging table and (ii) schedule outbound packets for transmission, independently and in parallel with other switch engines. The shared packet buffer and shared bridging table are stored in the multiport memory and shared by all switch engines. The multiport memory manager allocates/de-allocates memory blocks within the multiport memory.