Reed Smith had revenue of $942 million in 2009, a four-percent decrease from 2008’s $980 million. But on the brighter side, efforts to reduce expenses resulted in profits per equity partner to rise seven percent to $1 million. Global managing partner Gregory Jordan called 2009 “a very difficult year” for all law firms. “For Reed Smith, this [...]
Continue reading...Monday, November 16, 2009
Render unto Caesar what is Caesar’s, or so the expression goes. Now Reed Smith is asking much the same of its non equity partners. Non equity partners are being asked to contribute as much as 15% of their base salary to the company or risk losing partnership status. Gregory Jordan, the firm’s [...]
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Thursday, January 28, 2010
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