"Reed Smith is opening a new office in Boston that's going to be staffed with a group of laterals pulled from seven (yes, seven!) different Am Law 50 firms. Because if you're going to plant a flag in one of the most competitive legal markets in the country, you might as well do it with a full-on talent raid instead of a slow build."
"The incoming team spans multiple practice areas - think finance and transactional work - giving the firm an instant, full-service presence rather than a tentative toe-dip into the market. It's a familiar playbook: grab a prebuilt team with portable business and let them hit the ground billing."
"Boston is a hub for the key practices where we are looking to grow, private equity, finance, fund formation, and it makes sense for us to be in a market"
Reed Smith is expanding into Boston by executing a strategic talent acquisition rather than gradual market entry. The firm recruited a team of partners and associates from seven different Am Law 50 firms, including K&L Gates, White & Case, Goodwin, Morrison & Foerster, McDermott, Weil, and Kirkland & Ellis. The incoming group spans multiple practice areas including private equity, fund formation, M&A, finance, regulatory, and employment litigation. This approach provides Reed Smith with an instant, full-service presence and portable business relationships. Kevin Sullivan, former co-chair of Weil's private equity practice, joins as senior strategic adviser. The strategy reflects competitive pressures in Boston's legal market and the importance of established practices for firm growth.
Read at Above the Law
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