Reed Smith LLP.
Reed Smith LLP.
|Main office||Reed Smith Centre, 225 Fifth Avenue | Pittsburgh | PA | 15222|
|Year of establishment||1877|
|Number of offices||23|
|Number of attorneys||836|
|Number of associates||363|
|Number of partners||352|
|Partner: associate ratio||1.00|
|Percent women attorneys||39.50|
|Percent minority attorneys||17.70|
Reed Smith represents many of the world's leading companies in complex litigation and other high-stakes disputes, cross-border and other strategic transactions, and crucial regulatory matters. With lawyers from coast-to-coast in the United States, as well as in Europe, Asia and the Middle East, Reed Smith is known for its experience across a broad array of industry sectors. Reed Smith 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. Reed Smith's shipping practice has been designated among the most preeminent in the world, and its advertising law practice is regarded as among the legal industry's finest. Reed Smith has grown in large part because of its uncommon commitment to delivering high-quality service and developing long-term client relationships. Our lawyers' approach to service begins by understanding clients' business goals, then applying the resources necessary to help achieve them. Based on the results of a survey of large and Fortune 1000 in-house counsel, the BTI Consulting Group has ranked Reed Smith among the top firms for client service ten years running. Reed Smith has been identified as one of the few large law firms with a strategic focus on client satisfaction. Reed Smith's work has been noted by industry observers. The Lawyer named Reed Smith its runner-up for U.S. Law Firm of the Year, and The American Lawyer named the firm "Litigation Department of the Year" in the product liability category. The Deal highlighted Reed Smith's commercial restructuring and bankruptcy practice as among the most active. Asian-Counsel named Reed Smith's Hong Kong office "Firm of the Year" in two categories, Commercial Transactions and M&A.
Areas of practice
Awards and recognitions
Reed Smith's work has been noted by industry observers. The Lawyer named Reed Smith its runner-up for U.S. Law Firm of the Year, and The American Lawyer named the firm "Litigation Department of the Year" in the product liability category. The Deal highlighted Reed Smith's commercial restructuring and bankruptcy practice as among the most active. Asian-Counsel named Reed Smith's Hong Kong office "Firm of the Year" in two categories, Commercial Transactions and M&A.
In May 2012 Reed Smith LLP was named a 2012 "Top Ten Family Friendly Firm" by Yale Law Women (YLW). The firm was selected in recognition of its "leadership in developing and implementing family-friendly policies and practices." Earlier In 2011 and 2012 it was recognized as one of only three firms to qualify for all six requirements of the Women In Law Empowerment Forum's (WILEF) Gold Standard Certification, which reflect a firm's percentage of women in partnership, leadership and top compensation ranks.
In June 2009 it was ranked 1st out of 411 law firms by The BTI Client Relationship Scorecard for building and maintaining client relationships.
With 23 offices across the United States and around the world, Reed Smith actively recruits talented legal professionals in a variety of positions including attorneys, paralegals and legal support staff.
Reed Smith's compensation programs emphasize merit-based criteria. Its associate compensation package includes market competitive, merit-based salaries, associate 401(k) plans, profit sharing, individual discretionary bonuses, individual production bonuses, origination bonuses as well as employee and other benefits.
Apart from the general hiring criteria, it seeks in its candidate's exceptional academic achievement, participation in law school activities (law review, moot court, etc.) prior work experience, strong interpersonal skills and commitment to the Pittsburgh market.
Reed Smith LLP feels that with a legal practice straddling the globe and spanning the United States, Europe, Asia and the Middle East, they are a body as diverse as the dissimilar community they are privileged to serve. Yet they believe that their diverse structure does not translate into true diversity unless there is full integration of the unique talents and perspectives of every aspect of their business.
Reed Smith adheres rigidly to its core values of Integrity, Quality, Teamwork & Respect, Performance, and Innovation & Improvement. This they say is what drives them to the heights that they have attained. The firm priority is to recruit, retain and promote individuals not just without regard to their race, ethnicity, gender, age, sexual orientation, socio-economic status, veteran status or physical challenge, but because of the unique qualities and the value they bring to the firm and its clients.
The firm has a vibrant Women's Initiative Network (WINRS) to promote the successful development and advancement of their women lawyers.
Summer associate program
Reed Smith offers law students first-rate work in a challenging and busy atmosphere where their contributions count from day one. Summer associates will become immersed in law firm life by completing assignments relating to actual client situations. Each assignment presents a fresh opportunity for summer associates to hone their research, writing, judgment, communication and analytical skills.
The firm offers its summer associates numerous chances to participate in both formal and informal training programs, such as: managing partner's forum, mediation and mergers and acquisitions clinics, law firm economics, cross-cultural training and legal writing. Summer associates also have numerous opportunities to participate in pro bono and community service projects.
A majority of the summer associates are considered for offers and a large percentage of the associates want to continue their careers at Reed Smith. Respondents say that the experience they garnered was invaluable and they relished the opportunity to learn from partners and associates who helped them to focus on what they really wanted to do. They say that it taught them the value of relationships. The firm says that many of their nearly 1600 lawyers were Reed Smith summer associates who stayed because of relationships built with clients and colleagues.
Salary & benefits
Reed Smith's goal is to attract, retain, develop, motivate, and reward high quality attorneys in each of its offices. To this end, Reed Smith maintains a compensation program which emphasizes "total compensation" within a merit-based system.
Starting salaries for entry level associates vary according to the city in which the associate's Reed Smith office is located. Reed Smith's starting salary ranges from $115,000 to $160,000, depending on the office. Thereafter, salaries are adjusted based on merit as a result of the annual performance evaluation process, through which the Associate's performance and progress with respect to published competencies are assessed. Salary adjustments are effective January 1 of each year.
Reed Smith rewards outstanding Associate performance in each calendar year through its Associate Bonus Program. Associates hired on or before October 1 in a given year are eligible.
Health, dental, life & disability insurance; 401(k) Plan; Flex.Spending Accts.; Pretax Transit Prog.; gym membership; 4 wks.vacation (5 wks. after 4th yr anniv.);18 wks. primary caregiver leave; 5 wks. secondary caregiver leave; New Mother's Room; off-site & emergency child care; Flex-Time program and Telecommuting program; Employee Assistance Program; moving expenses; broker fee; bar review tuition; NYS bar exam fee; one bar membership dues annually; travel & lodge for Bar Exam/Albany; law school matching gift program.
Working for the Reed Smith LLP.
In the news
Some of the Jobs with Reed Smith LLP. currently available on LawCrossing:
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Corporate Attorney / Tax Attorney in Chicago, IL
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