Photo: Diego M Radzinschi/ALM
US firm posts 6% London revenue rise on back of major team hire from KWM
February 28, 2018 at 06:00 AM
1 minute read
The original version of this story was published on Thelegalintelligencer/thelegalintelligencer
Reed Smith saw gains in both revenue and partner profits in 2017, with London turnover rising 6% after a busy year of recruitment.
Global revenues at the US firm grew by 4.1% last year to reach $1.12bn, while revenue per lawyer was up 3.1% to $722,000. Profits per equity partner (PEP) grew by 6%, reaching $1.18m, as net income increased by 7.1% to $350.6m.
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