Reed Smith

Source: Wikipedia, the free encyclopedia.
Reed Smith
Philander Knox and James Hay Reed in Pittsburgh and Joseph B. Townsend on Philadelphia, Pennsylvania
Company typeLimited liability partnership
Websitewww.reedsmith.com

Reed Smith LLP is a global law firm with more than 1,500 lawyers in 30 offices throughout the United States, Europe, the Middle East and Asia.[4]

History

Reed Smith was founded in Pittsburgh in 1877 by

The Bank of New York Mellon) and Henry Clay Frick
.

During the 1880s, Edwin W. Smith and other partners joined the firm and, in 1922, the firm adopted the name Reed Smith Shaw & McClay. During the

Securities and Exchange Commission.[5]

Despite a clear history of refusing repair work to the

Daniel Johnson Morrell, who had become a member for the express purpose of monitoring the dam's condition;[6][7] club members Knox and Reed were able to fend off four lawsuits seeking responsibility for the Johnstown Flood of 1889 against the South Fork Fishing and Hunting Club, stewards of the dam, Colonel Unger, its president, and against 50 named members. Each case was "either settled or discontinued and, as far as is known, no one bringing action profited thereby."[8] The Club was never held legally responsible for the disaster. Knox and Reed successfully argued that the dam's failure was a natural disaster which was an Act of God, and no legal compensation was paid to the survivors of the flood.[8] The perceived injustice aided the acceptance of "strict, joint, and several liability," so that a "non-negligent defendant could be held liable for damage caused by the unnatural use of land.[9][10]

Reed Smith's New York offices at 599 Lexington Avenue

From 1970 to the present, the firm engaged in a series of mergers and acquisitions to create one of the largest law firms in the world.[11]

In the 1970s, Reed Smith set up office in Washington, DC and in 1989, merged with Washington firm Pierson, Ball & Dowd, thereby obtaining a health care practice.

In 1978, Reed Smith merged with Philadelphia law firm, Townsend Elliott & Munson (which was founded in 1842 by prominent Philadelphia citizen, Joseph B. Townsend whose pro bono accomplishments included being Chancellor of the Philadelphia Bar Association, Chairman of the Board of

Jefferson Medical College, and a Board Manager of Pennsylvania Hospital - see his papers in archives of University of Delaware
).

Reed Smith opened new offices in New York and New Jersey in the 1990s and acquired a Northern Virginia firm, Hazel & Thomas.

During the 2000s Reed Smith experienced rapid international growth. Acquiring the UK law firm Warner Cranston turned Reed Smith transatlantic in 2001 and it opened offices in Paris and Munich four years later.[12] It opened an office in Delaware and combined with a California law firm, Crosby, Heafey, Roach & May, which moved the firm to among the 20 largest law firms in the US.[5] In 2007 Reed Smith merged with UK law firm, Richards Butler, which added offices in France, Greece, the Middle East and Hong Kong.[13] According to market analyst Adviser Rankings the total market capitalization of Reed Smith's stock market clients in the United Kingdom is the third highest of all US-law firms.[14]

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.[12]

Reed Smith opened their second German office in 2015 in Frankfurt, Germany's financial center, to meet growing client demand in the German market.[15]

Reed Smith's offices at Three Logan Square in Philadelphia

In 2016, Reed Smith entered into a formal alliance with Singapore firm Resource Law.[16] A year later the firm opened a new office in Miami.[17]

On April 30, 2018 Reed Smith hired Lewis Zirogiannis (General Electric's former Chief Compliance Officer) as a partner for its global regulatory enforcement practice in San Francisco.[18] In 2018, Reed Smith hired 14 lawyers from competitor Norton Rose Fulbright and added a new office in Austin, Texas.[19] In January 2020, the firm hired technology, M&A and private equity lawyer Craig Lilly. Lilly previously led Greenberg Traurig's Silicon Valley corporate practice group.[20]

Reed Smith's Pittsburgh offices in the Three PNC Plaza building
Business magnate and one of the firm's first clients Andrew Carnegie

Recognition

According to

M&A, labor and employment, and more general litigation, across various industries, including entertainment and media, life sciences, shipping and finance, and has been awarded 43 Chambers USA rankings.[21] Chambers UK awards Reed Smith top rankings for shipping, media and entertainment, commodities, and insurance work, and the firm is also ranked in London for its corporate M&A practice and a score of other areas. It is also rated highly for its shipping litigation and climate change work by Chambers Global.[22]

Reed Smith was listed as one of America's Best Corporate Law Firms[43][44] and one of the 20 world's strongest law firm brands in the 2018 Acritas Global Elite Law Firm Brand Index.[45][46][47] It was also listed by market analysts Law360 and BTI Consulting as one of the 20 Elite Global Law Firms.[35][25]

In the financial year of 2018-19 revenues at Reed Smith increased by 5% reaching $1.17 billion and profits per partner grew 7% to $1.26 million.

Philander Knox

Notable cases and transactions

The firm's Frankfurt Office at Opernturm next to Alte Oper
The firm's Shanghai Office at Shanghai Wheelock Square

Notable staff

Attorneys who have worked at Reed Smith include:

Popular culture

The firm is depicted in Laurence Leamer's book The Price of Justice.[68]

Offices

As of January 2018, Reed Smith has 28 offices across three continents. While Pittsburgh and Philadelphia were the two earliest offices practicing law, the London office is the largest office, with over 350 attorneys, .[69][70][71]

In addition to its offices, Reed Smith has a 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.[72]

See also

References

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  4. ^ "Organizational Profile of Reed Smith at the National Law Review". The National Law Review. May 16, 2012.
  5. ^ a b c "History". Reed Smith. 4 March 2015. Archived from the original on 18 February 2012. Retrieved 6 March 2015.
  6. ^ Johnstown's Flood of 1889: Power Over Truth and The Science Behind the Disaster, by Neil M. Coleman, Springer, 2018, page 185. Retrieved June 7, 2019.
  7. ^ "Benjamin Franklin Ruff (1835-1887)", "Johnstown Memorial", National Park Service. Retrieved June 7, 2019.
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  9. ^ ""May 31, 1889 CE: Johnstown Flood", National Geographic. Retrieved June 3, 2019". Archived from the original on July 10, 2019. Retrieved June 3, 2019.
  10. JSTOR 797576
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  61. ^ MARTINEZ, JOSE. "No making up? Lancome takes Uma Thurman to court". nydailynews.com.
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  64. ^ "BNY Doesn't Have To Turn Over $539M To Argentina Creditors - Law360". www.law360.com.
  65. ^ "Reed Smith Advises Toyota Motor Credit Corporation in $15 Billion Financing | News | Reed Smith LLP". www.reedsmith.com.
  66. ^ "Rothesay Life completes £1.6 billion buy-in with CAAPS". Archived from the original on 2017-02-10. Retrieved 2016-08-29.
  67. ^ "Fed. Circ. Backs Nintendo's PTAB Win On Game Patent - Law360". www.law360.com.
  68. ^ "'The Price of Justice' recounts how attorneys tackled W.Va. coal, campaigns and cash - Pittsburgh Post-Gazette". Archived from the original on 2013-06-19.
  69. ^ "London". Reed Smith. 4 March 2014. Retrieved 10 March 2015.
  70. ^ "Pittsburgh". Reed Smith. 4 March 2014. Retrieved 10 March 2015.
  71. ^ "Top 10: Largest Pittsburgh-area law firms". Pittsburgh Business Times. 18 January 2013. Retrieved 10 March 2015.
  72. ^ "Global Customer Centre". Reed Smith. 4 March 2014. Retrieved 10 March 2015.

External links

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