Reed Smith’s L.A. Hiring Spree Raises Profits
A number of attorneys lately have been attracted to Reed Smith's aggressive strides in profitability and global geography. The firm's profits per partner have surpassed $1 million since 2006, and its latest revenue per lawyer was $690,000. "Now, compared to five years ago, we're in a position to compete," says L.A. managing partner Peter Kennedy. And competing they are. In the past year, the 1,600-lawyer firm has gone on a hiring spree, adding 11 lateral partners in Los Angeles and 18 overall in California.
