Reed Smith had a prosperous 2006 – they reported a 14.4 percent rise in gross revenue, along with an increase in profit per equity partner (PPP). With these financial gains, Reed Smith is poised to become one of the top firms of its size. Contributing to the increased revenues was the firm’s decision to focus on more high-end clients and practices in 2006. The planned merger with London’s Richards Butler and Chicago-based Sachnoff & Weaver will go into effect this year, also boosting the firm’s revenue.
Source: www.nylawyer.com