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  • November 11, 2009 |

    Reed Smith announces 20% pay cut for newly-qualified US associates

    Reed Smith has unveiled a new pay scale that sees first-year associate salaries cut by 20%, reports The Legal Intelligencer. The moves comes two weeks after the firm announced it was revamping its associate model by doing away with year-based classes and moving to a competency-based compensation system.

    1 minute read

  • November 11, 2009 |

    Reed Smith LLP accounts show £4m cost from Midlands split-off

    Reed Smith is to pay nearly £4m for the disposal of its Birmingham office and is committed to paying out more than £11m to fit out its new office space in London, according to its 2008 limited liability partnership (LLP) accounts. The accounts show the US law firm estimates the Midlands disposal will cost £3.86m. Reed Smith said in October 2008 that it was spinning the office off into a new, independent firm called Hill Hofstetter. The office launched in January 2009 and is led by former Reed Smith Birmingham head Chris Hill.

    1 minute read

  • October 28, 2009 |

    Halliwells partners consult counsel over departure terms

    Halliwells is facing potential legal action from two departed partners, it has emerged. The duo, one of whom is still on gardening leave, have independently instructed law firms and counsel to seek advice in relation to potential disputes with the firm.

    1 minute read

  • October 28, 2009 |

    Reed Smith introduces new three-tier pay structure for associates

    Reed Smith has become the latest global law firm to overhaul its lockstep system in favour of a new focus on associate training. The new programme, launched yesterday (27 October) will divide associates into three tiers - junior, mid-level and senior

    1 minute read

  • October 19, 2009 |

    McGrigors makes up two to partnership in dispute resolution

    McGrigors has made up two lawyers to its partnership, with both promotions coming in the firm's dispute resolution group. Tom Stocker and Joanne Gillies have been promoted to partner as of the beginning of the month (1 October) increasing the number of partners at the firm to 98.

    1 minute read

  • October 6, 2009 | International Edition

    International relations

    That law firms are devoting increasing amounts of time and effort to pro bono projects is nothing new. But, with international firms keen to involve as many of their lawyers as possible, the types of opportunities available are changing. In particular, the number of projects either benefiting those in developing counties or involving an overseas trip is on the increase. International efforts look likely to grow further still next year as two leading organisations in the sector - the International Lawyers Project (ILP) and Advocates for International Development (A4ID) - both look to expand initiatives outside the UK. Significantly, both are keen to pick up more senior lawyers.

    1 minute read

  • October 6, 2009 |

    International relations

    That law firms are devoting increasing amounts of time and effort to pro bono projects is nothing new. But, with international firms keen to involve as many of their lawyers as possible, the types of opportunities available are changing. In particular, the number of projects either benefiting those in developing counties or involving an overseas trip is on the increase. International efforts look likely to grow further still next year as two leading organisations in the sector - the International Lawyers Project (ILP) and Advocates for International Development (A4ID) - both look to expand initiatives outside the UK. Significantly, both are keen to pick up more senior lawyers.

    1 minute read

  • September 30, 2009 |

    Reed Smith hires third London partner in a month

    Reed Smith has made its third lateral partner hire in London in a month, bringing in litigator Robert Falkner from Morgan Lewis & Bockius. Falkner joins the US firm's European and Middle East dispute resolution practice today (1 October), bringing with him a practice focused on financial services. He has experience representing clients including investment banks, broker dealers and fund managers.

    1 minute read

  • September 23, 2009 |

    Reed Smith re-elects Jordan for fourth term as managing partner

    Reed Smith has re-elected Greg Jordan as global managing partner, marking his fourth term at the helm of the US firm. Jordan was first elected into the role in 2000 and has maintained his position for the last nine years.

    1 minute read

  • September 23, 2009 | International Edition

    Commentary: Partner hires - the revolving door starts spinning again

    With the first half of 2009 defined by widescale redundancies and partnership restructurings at some of the City's top names, the fallout has meant the trend post-summer is equally clear: lateral hiring - and lots of it. Barely a day goes by without claim or confirmation of another partner move; generally someone heading out of a top 10 City firm for somewhere smaller, although not exclusively - as Linklaters' hire of Herbert Smith litigation partner Christa Band demonstrates.

    1 minute read