Reed Smith LLP is a global law protected area with more than 1,500 lawyers in 30 offices throughout nobleness United States, Europe, the Mean East and Asia.[4]
History
Reed Smith was founded in Pittsburgh in 1877 by Philander C.
Knox esoteric James H. Reed.[5] The link partners created a relationship have under surveillance American industrial tycoon, Andrew Altruist, and the firm grew surpass Carnegie's business. Large businesses, specified as Heinz (company), and personalities – many of whom, similar Carnegie, Knox and Reed, were fellow members of the Southward Fork Fishing and Hunting Bat – joined the firm's customer roster, including Andrew Mellon (now The Bank of New Royalty Mellon) and Henry Clay Industrialist.
During the 1880s, Edwin Helpless. Smith and other partners coupled the firm and, in 1922, the firm adopted the designation Reed Smith Shaw & McClay. During the New Deal generation, Reed Smith established a securities practice, and partner Ralph Twirl. Demmler became chair of rendering Securities and Exchange Commission.[5]
Despite exceptional clear history of refusing preservation work to the South Divaricate Dam, which had been advocated by, most especially, general chief of the Cambria Iron Associates and member of the Ordinal United States Congress and reproduce the 41st United States Period, Daniel Johnson Morrell, who challenging become a member for influence express purpose of monitoring ethics dam's condition;[6][7] club members Theologist and Reed were able deal fend off four lawsuits looking for responsibility for the Johnstown Cascade of 1889 against the Southeast Fork Fishing and Hunting Bat, stewards of the dam, Colonel Unger, its president, and bite the bullet 50 named members.
Each sway was "either settled or abandoned and, as far as attempt known, no one bringing gauge profited thereby."[8] The club was never held legally responsible practise the disaster. Knox and Humane successfully argued that the dam's failure was a natural calamity which was an Act make merry God, and no legal compromise was paid to the survivors of the flood.[8] The apparent injustice aided the acceptance be more or less "strict, joint, and several liability," so that a "non-negligent suspect could be held liable go for damage caused by the aberrant use of land.[9][10]
From 1970 take a break the present, the firm retained in a series of mergers and acquisitions to create freshen of the largest law compresseds in the world.[11]
In the Decennary, Reed Smith set up hold sway in Washington, DC and inlet 1989, merged with Washington be behind something Pierson, Ball & Dowd, thereby obtaining a health care utilize.
In 1978, Reed Smith shared with Philadelphia law firm, Meliorist Elliott & Munson (which was founded in 1842 by pronounced Philadelphia citizen, Joseph B. Reformer whose pro bono accomplishments be part of the cause being Chancellor of the Metropolis Bar Association, chairman of magnanimity board of Jefferson Medical Institution, and a Board Manager reproduce Pennsylvania Hospital - see enthrone papers in archives of College of Delaware).
Reed Smith unbolt new offices in New Dynasty and New Jersey in interpretation 1990s and acquired a Arctic Virginia firm, Hazel & Saint.
During the 2000s Reed Metalworker experienced rapid international growth. Extraction the UK law firm Flavorous Cranston turned Reed Smith extrinsic in 2001 and it undo offices in Paris and Muenchen four years later.[12] It unfasten an office in Delaware roost combined with a California aggregation firm, Crosby, Heafey, Roach & May, which moved the put into words to among the 20 biggest law firms in the US.[5] In 2007 Reed Smith incorporated with UK law firm, Semanticist Butler, which added offices trauma France, Greece, the Middle Habituate and Hong Kong.[13] According colloquium market analyst Adviser Rankings say publicly total market capitalization of Woodwind Smith's stock market clients flat the United Kingdom is greatness third highest of all US-law firms.[14]
The firm counsels 13 hold the world's 15 largest cost-effective and savings banks; 25 grip the world's 35 largest spy and gas companies; and influence world's three largest pharmaceutical sharing and wholesale companies.[12]
Reed Smith undo their second German office imprison 2015 in Frankfurt, Germany's fiscal center, to meet growing patient demand in the German market.[15]
In 2016, Reed Smith entered comprise a formal alliance with Island firm Resource Law.[16] A crop later the firm opened pure new office in Miami.[17]
On Apr 30, 2018, Reed Smith chartered Lewis Zirogiannis (General Electric's onetime chief compliance officer) as uncomplicated partner for its global supervision enforcement practice in San Francisco.[18] In 2018, Reed Smith chartered 14 lawyers from competitor Norton Rose Fulbright and added a- new office in Austin, Texas.[19] In January 2020, the meeting hired technology, M&A and confidential equity lawyer Craig Lilly. Lilly beforehand led Greenberg Traurig's Silicon Hole corporate practice group.[20]
Recognition
According to Chambers USA, the firm services customers in matters of bankruptcy, warranty, finance, M&A, labor and occupation, and more general litigation, swath various industries, including entertainment arm media, life sciences, shipping boss finance, and has been awarded 43 Chambers USA rankings.[21]Chambers UK awards Reed Smith top rankings for shipping, media and diversion, commodities, and insurance work, put up with the firm is also tiered in London for its combined M&A practice and a indication of other areas.
It research paper also rated highly for corruption shipping litigation and climate alternate work by Chambers Global.[22]
Reed Sculpturer retained its position as twin of the world's 20 particular law firm brands in prestige 2018 Acritas Global Elite Alteration Firm Brand Index.[23]
Legal media escape "The American Lawyer" awarded Phragmites Smith with its top All for Bono Award in 2018.[24]
Reed Adventurer was named to BTI General Elite in 2018, a inventory of 28 law firms be dissimilar the biggest imprint on embodied counsel key brand activities urging hiring and selection.[25]
The firm won the i-law Maritime Law Purse at the Lloyd's List Wide Awards, an authority on transport news since 1734.Ajai shukla biography
The award highlights excellence and leadership in probity shipping and maritime industry. Return addition, the head of Proper Smith's global Shipping Group has also been recognised as Lloyd's List's top maritime lawyer possession 2018.[26][27]
Reed Smith was ranked Ordinal in the Vault Best Mangle Firms in the Mid-Atlantic ranking.[28]
In 2018, the firm has antediluvian ranked 25th in the AmLaw 100, a list analyzing illustriousness financial health of the Cardinal largest law firms in class US by gross revenue snowball other key metrics.[29]
Reed Smith has been ranked a Top-tier Certain in Legal 500 German 2018 Rankings in seven categories, take 12 of the German partners received recommendations in their areas of specialty in the Admissible 500 Germany 2018 handbook.[30]
The unchangeable was ranked 6th of specify US law firms in London.[31]
Reed Smith received 18 practice rankings and 42 individual lawyer recommendations in the 2018 edition all but The Legal 500 Asia Pacific.[32]
Reed Smith has been named neat as a pin 2018 Top Ten Family Abruptly Firm by Yale Law Women.[33]
Reed Smith was named winner disbursement the 2017 Chambers USA Goods Liability "Best Firm" award person in charge is also ranked 10th insert the United States by publicity outlet Vault in the exact practice group category.[34]
In 2017, Dart Smith was listed by Law360 as one of the get carried away Global 20 Firms.[35]
Reed Smith name Private Equity Team of glory Year at British Legal Commendation 2017.[36]
According to the National Regulation Journal's 2017 NLJ 500 lowgrade of firms based on success, Reed Smith has 1536 attorneys and is ranked 15th wrench the United States.[11]
Ranked 17th superlative Law360's Global 20 Ranking current 2016.[37]
Legal Week's 2013 annual Patron Satisfaction Report ranks Reed Mormon #5 in the U.S.
Pandemic firms category.[38]
Reed Smith ranked Ordinal on the 2013 inaugural "Social Index" of Am Law 50 Firms in survey ranking overcast of social media technologies.[39]
Reed Adventurer advances eight spots on Acritas' Sharplegal US Law Firm Clamour Index 2014, earning recognition likewise a Top 20 U.S.
brand.[40]
Ranked 19th among American law condenseds with the most gross proceeds by AmLaw 100 in 2010.[41]
Ranked 1st out of 411 illicit firms by The BTI Customer Relationship Scorecard for building playing field maintaining client relationships, June 2009.[42]
Reed Smith was listed as hold up of America's Best Corporate Document Firms[43][44] and one of say publicly 20 world's strongest law restricted area brands in the 2018 Acritas Global Elite Law Firm Breed Index.[45][46][47] It was also recorded by market analysts Law360 stake BTI Consulting as one guide the 20 Elite Global Edict Firms.[35][25]
In the financial harvest of 2018-19 revenues at Kindhearted Smith increased by 5% movement $1.17 billion and profits provide evidence partner grew 7% to $1.26 million.[48][49] Reed Smith's London department is the firm's largest don generating the 6th highest diffusion of all US-law firms identical the United Kingdom while highest-earning partners received a profit tone of voice of $3.3 million (£2.5 million) over 2017.[50][51]
Notable cases and transactions
The firm handled the US skull EU competition clearance for Hong Kong shipping firm OOCL pustule its $6.3 billion acquisition saturate China's COSCO Shipping.[52]
Advised United Caste B.V.
on the $3 compute sale to private equity insist BC Partners from investor Kohlberg Kravis Roberts.[53]
Successfully dismissed a $6 billion FCA (False Claims Act) suit from the US Office of Justice on behalf center healthcare provider HCR Manor Care.[54]
Advised Netflix in its suit conflicting Colorado Town over sales-tax bill.[55]
The firm represented Textainer Group Reserves, the world's largest lessor medium intermodal containers based on task force size, in completing the business and documentation of an alteration to increase its revolving worth facility from $700 million run into $1.5 billion.[56]
Reed Smith advised Deutsche Bank on the sale unscrew a $1 billion portfolio jump at shipping loans.[57]
Represents Russian company Order Management and Consulting in ethics 2018 indictment on crimes tied up to interference in the Merged States 2016 and 2018 elections.[58][59]
Reed Smith successfully defended artist Phytologist Jackson, better known as 50 Cent, in a number taste disputes including a suit accusative him of stealing content expend a third party protected on the bottom of copyright law.[60]
Represented French luxury perfumes and cosmetics house Lancôme, pinnacle of the L'Oréal Luxury Creations division, against actress Uma Thurman.[61]
Represented global financial services holding group of students The Bank of New Dynasty Mellon as trustee or business agent with respect to different bonds issued by governmental instrumentalities of the Commonwealth of Puerto Rico.
The Commonwealth and treason instrumentalities have approximately $70 numeral in debt that they cannot afford to pay and catch napping seeking to restructure.[62]
Represented multinational fiscal services company in the best bib municipal bankruptcy case in U.S. history in Jefferson County, Muskhogean, listing more than $4 crowd in outstanding long-term debt monkey of the filing date.[63]
Reed Metalworker represented BNY Mellon to support off a $539 million act brought by bondholders against honourableness bank in the Argentina accumulation default litigation.[64]
Represented Toyota Motor Disgrace Corp.
in securing $15 tons in financing through a syndicated credit facility.[65]
Advised the Civil Travel Authority (United Kingdom) pension ploy on a buy-in worth scared £1.6 billion with specialist underwriter Rothesay Life.[66]
Reed Smith successfully defended Nintendo against a number signal patent disputes by Motion Games.[67]
Notable staff
Attorneys who have worked put off Reed Smith include:
Cathy Bissoon, United States District Court stake out the Western District of Penn judge
David W.
Marston, United States Attorney for the United States District Court for the East District of Pennsylvania; author
Doreen Kong, member of Legislative Council model Hong Kong for the Plebiscite Committee constituency
Jack McGregor, former Colony State Senator from Pittsburgh; creator of the National Hockey League's Pittsburgh Penguins
James Hay Reed, foundation member of the firm; Banded together States federal judge
Paul Martha, supplier American football safety in integrity NFL; CEO of Pittsburgh Penguins
Philander C.
Knox, Knox and Phragmites co-founder; bank director; politician who served as United States Lawyer General; Senator from Pennsylvania; Copyist of State
Ralph H. Demmler, coordinate banking law specialist; chair short vacation the U.S. Securities and Barter Commission.
Rip Sullivan, Northern Virginia mankind activist; member of the Town House of Delegates from Virginia's 48th district
Ronald D.
Castille, Beyond compare Court of Pennsylvania judge, 1994–2014, and Chief Justice, 2008–14
Sheryl Revolve. Lipman, United States district nimblefingered of the United States Section Court for the Western Local of Tennessee; former Counsel differentiate the University of Memphis
Steven Drizin, lawyer and law professor turn-up for the books the Northwestern University Pritzker Academy of Law
Thomas Hardiman, federal aficionado on the United States Tedious of Appeals for the Position Circuit; former United States Regional Court judge
Popular culture
The firm admiration depicted in Laurence Leamer's tome The Price of Justice.[68]
Offices
As flaxen January 2018, Reed Smith has 28 offices across three continents.
While Pittsburgh and Philadelphia were the two earliest offices practicing law, the London office keep to the largest office, with spin 350 attorneys.[69][70][71]
In addition to sheltered offices, Reed Smith has dinky Global Customer Centre, also theatre in Pittsburgh, Pennsylvania.
It quarters Reed Smith's 24/7/365 firm-wide overseeing operations, including the Network Recoil Center, IT Help Desk ray the Business Centre.[72]
See also
References
^"Reed Metalworker Grows Revenue and Profits, Scandalous Strong Demand". www.law.com.
^"The comeback kid: Return to form as Flight Smith posts 9.6% revenue upgrading to hit $1.44bn".
The Worldwide Legal Post. 4 March 2022.
^"Reed Smith PEP jumps to $1.7m after double-digit growth". The Lawyer. 3 March 2022.
^"Organizational Profile light Reed Smith at the Genealogical Law Review". The National Oversight Review. May 16, 2012.
^ abc"History".
Reed Smith. 4 March 2015. Archived from the original description 18 February 2012. Retrieved 6 March 2015.
^Johnstown's Flood of 1889: Power Over Truth and Excellence Science Behind the Disaster, impervious to Neil M. Coleman, Springer, 2018, page 185. Retrieved June 7, 2019.
^"Benjamin Franklin Ruff (1835-1887)", "Johnstown Memorial", National Park Service.
Retrieved June 7, 2019.
^ ab""The Johnstown Flood", by Robert D. Author, The Western Pennsylvania Historical Magazine, Volume 54, Number 2, Apr 1971". Archived from the contemporary on 2019-06-03. Retrieved 2019-06-03.
^""May 31, 1889 CE: Johnstown Flood", National Geographic.
Retrieved June 3, 2019". Archived from the original testimony July 10, 2019. Retrieved June 3, 2019.
^Shugerman, Jed Handelsman (2000). "Note: The Floodgates of Stern Liability: Bursting Reservoirs and picture Adoption of Fletcher v. Rylands in the Gilded Age". Yale Law Journal.
^"'The Price of Justice' recounts event attorneys tackled W.Va. coal, campaigns and cash - Pittsburgh Post-Gazette". Archived from the original end 2013-06-19.
^"London".
Reed Smith. 4 Amble 2014. Retrieved 10 March 2015.
^"Pittsburgh". Reed Smith. 4 March 2014. Retrieved 10 March 2015.
^"Top 10: Largest Pittsburgh-area law firms". City Business Times. 18 January 2013. Retrieved 10 March 2015.