No. of offices 26 Profit per equity partner $1.2 million (2014) Revenue 1.15 billion USD (2014) Number of offices 26 | No. of attorneys 1,700+ Date founded 1877 (Pittsburgh) Number of attorneys 1,700 Founded 1877 | |
Major practice areas Life Sciences & Health, Energy & Natural Resources, Financial, Entertainment & Media, Shipping & Transportation Company type Limited liability partnership Headquarters Pittsburgh, Pennsylvania, United States Motto The business of relationships Founders Philander C. Knox, James Hay Reed | ||
Reed Smith LLP is a global law firm, with more than 1,700 lawyers in 26 offices throughout the United States, Europe, the Middle East and Asia. Its lawyers provide litigation and other dispute resolution services, deliver regulatory counsel, and execute strategic domestic and cross-border transactions. Reed Smith is an advisor to industries including financial services, life sciences, health care, advertising, technology and media, shipping, energy and natural resources, real estate, manufacturing, and education.
Contents
- Building the perfect guitar paul reed smith at tedxmidatlantic
- History
- Main practice areas
- Offices
- Recognition
- Notable cases and transactions
- Notable alumni
- Popular culture
- References
The firm counsels 13 of the world's 15 largest commercial and savings banks; 25 of the world's 35 largest oil and gas companies; and the world's three largest pharmaceutical distribution and wholesale companies. Reed Smith's shipping practice has been designated among the most preeminent in the world, and its advertising law practice is regarded as among the legal industry's finest.
In 2016, Reed Smith was listed by Law 360 as one of the Global 20 Firms, firms that have the biggest global presence and handled the largest, most groundbreaking international and cross-border matters.
In 2014, revenues at Reed Smith reached a record breaking $1.15 billion. Profits per partner grew 6% to $1,200,000.00, while revenue per lawyer increased by 2% to $703,000.00.
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History
Reed Smith was founded in Pittsburgh in 1877 by Philander C. Knox and James H. Reed. The two partners soon created a symbiotic relationship with the American industrial tycoon, Andrew Carnegie, the creator of U.S. Steel, the world's first billion-dollar corporation. Soon after, other large businesses such as, Heinz (company), Mellon and Frick joined the firm's client roster. In the 1880s, Edwin W. Smith and other partners joined the firm and in 1922 the firm adopted the name Reed Smith Shaw & McClay, a name that would stand until being shortened in 2000. During the New Deal era, Reed Smith established a securities practice and partner Ralph H. Demmler became chair of the Securities and Exchange Commission.
Through 1970 to the present, the firm engaged in a series of strategic mergers & acquisitions, as well as new offices, to create one of the largest law firms in the world.
In the 1970s, Reed Smith domestically grew with new offices beyond Pittsburgh. It set up an office in Washington, DC and in 1989, merged with Beltway firm Pierson, Ball & Dowd, thereby obtaining a well-regarded health care practice. Reed Smith opened new offices in New York and New Jersey in the 1990s and acquired a leading Northern Virginia firm, Hazel & Thomas.
During the 2000s Reed Smith experienced rapid international growth, both organically and through mergers. Acquiring the UK law firm Warner Cranston turned Reed Smith transatlantic in 2001 and opened offices in Paris and Munich four years later. Domestically, it opened an office in Delaware and combined with a California law firm, Crosby, Heafey, Roach & May, which moved the firm to a rank among the 20 largest law firms. In 2007 Reed Smith merged with UK law firm, Richards Butler, which added offices in France, Greece, the Middle East and Hong Kong one year later.
Since 2009 their office has been located in Reed Smith Centre, a LEED-certified workspace that helped jumpstart the modernization of the City's "Fifth Avenue ," on the perimeter of Pittsburgh's Cultural District. More than 275 lawyers comprise the Pittsburgh office, making it the largest law office in the city and the largest Reed Smith office in the United States. Pittsburgh also is home to the firm's Global Customer Center, which provides service to Reed Smith's lawyers and offices around the world.
In 2016, Reed Smith entered into a formal alliance with Singapore firm Resource Law.
Main practice areas
Reed Smith has five industry-focused groups: Energy & Natural Resources, Entertainment & Media, Financial Industry, Life Sciences Health Industry Group, and Shipping & Transportation. The main practice areas include:
Offices
As of January 2015, Reed Smith has 26 offices across three continents. London is the largest office with over 350 attorneys, while Pittsburgh is the founding office and with over 300 attorneys. This makes it the largest Reed Smith office in the U.S. and the largest law office in Pittsburgh.
As well as numerous offices, Reed Smith has the Global Customer Centre, also located in Pittsburgh, Pennsylvania. It houses Reed Smith's 24/7/365 firm-wide administrative operations, including the Network Operating Center, IT Help Desk and the Business Centre.
Recognition
Notable cases and transactions
Notable alumni
Individuals who have worked at Reed Smith include:
Popular culture
The firm is depicted in Laurence Leamer's book The Price of Justice.