Vault Guide to the Top 100 Law Firms, 2018 Edition.pdf

498 vault guide to the top 100 law firms 2018 edition

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498 Vault Guide to the Top 100 Law Firms, 2018 Edition REED SMITH LLP THE SCOOP A Pittsburgh native long intertwined with the city’s industrial kingpins, Reed Smith joined the crowd in globalizing via international mergers in the 21st century. With litigation at the forefront, the firm’s practice strengths also include cross-border transactional and regulatory work. Steel City Origins As is the case with a number of its BigLaw brethren, Reed Smith LLP’s rise to prominence can be at least partly credited to a symbiotic relationship with an American industrial tycoon. Attorney James Reed, who founded the firm in Pittsburgh with fellow 24-year-old Philander Knox in 1877, cultivated strong ties with the man most singularly responsible for giving Steel City its blue-collar identity: Andrew Carnegie. In addition to leading the firm’s representation of Carnegie at the peak of his empire-building, Reed served as a charter director of Carnegie’s U.S. Steel. Other industry titans followed Carnegie’s lead in enlisting the burgeoning outfit, and names such as Mellon, Heinz and Frick soon graced the firm’s client roster. Edwin W. Smith and other partners joined the firm in the 1880s, and in 1922, the firm adopted the name Reed Smith Shaw & McClay. During the New Deal era, Reed Smith established a securities practice; partner Ralph Demmler went on to become chair of the Securities and Exchange Commission. Across the USA Domestic growth started in the 1970s, as Reed Smith began making strategic moves beyond Pittsburgh. It set up shop in Philadelphia and also Washington, DC, and in 1989, merged with DC firm Pierson, Ball & Dowd, thereby gaining a well- regarded health care practice. In the 1990s and early 2000’s, Reed Smith turned its attention to New York (combinations with Parker Duryee and Hall Dickler) and New Jersey and also secured a combination with leading northern Virginia firm Hazel & Thomas. In 2003, Reed Smith opened four offices in California through its combination with Crosby Heafey. Further growth in New York came in 2008 via a combination with Anderson Kill, and that same year saw the establishment of a Chicago office through a combination with Sachnoff & Weaver. The firm opened a Houston office in 2013, an outpost in Miami in 2017. Global Reach Today, Reed Smith is a global firm, thanks to an international growth strategy that took off in the 2000s. A tie-up with UK-based Warner Cranston turned Reed Smith transatlantic. Reed Smith opened offices in Paris and Munich in 2005. A 2007 merger with Richards Butler greatly expanded Reed Smith’s London presence and added offices in Greece, the Middle East, and, one year later,in Hong Kong. Thanks to the UK mergers, the firm’s London office is by far its largest. A Frankfurt office joined the ranks in 2016, and expansion in Asia has continued, with new offices opening in Beijing, Shanghai and Singapore in the last few years.
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