Navigation Links
Reed Smith to Merge with Richards Butler Hong Kong
Date:10/19/2007

International firm to take top-five position in key market

NEW YORK, Oct. 19 /PRNewswire/ -- International law firm Reed Smith, one of the 15 largest firms worldwide, will have a major presence in Asia through a benchmark agreement announced today with Richards Butler Hong Kong to merge as of 1 January 2008, with all of the Hong Kong partners joining the Reed Smith partnership on that date. The combined firm will have a leading practice in Greater China, with more than 110 lawyers in Hong Kong, an operation in Beijing and plans to seek a license to practice in Shanghai. Overall, with this combination, Reed Smith will have more than 1,500 lawyers worldwide and revenue in excess of $1 Billion.

The deal marks the culmination of months of negotiation and due diligence, led on the Reed Smith side by Firmwide Managing Partner Gregory B. Jordan and Director of Strategic Planning Michael B. Pollack and on the Richards Butler Hong Kong side by a team of partners in Hong Kong. The highly respected Hong Kong practice now becomes a fully-integrated part of Reed Smith and enables the firm to establish a strategic hub in this key market while providing clients of Richards Butler access to the capabilities of Reed Smith lawyers in Europe, the USA and the Middle East.

The merger transforms Reed Smith's international platform, and consolidates synergies in both firms' core global strengths in litigation, finance, corporate and shipping. Gregory B. Jordan remains Firmwide Managing Partner; Roger J. Parker, Managing Partner for Europe & the Middle East; and Hong Kong partners Graham Winter and Will Barber will join Reed Smith's firmwide Executive Committee. Senior US partner Tom Todd has recently relocated to Hong Kong to help oversee the integration process, reprising his role from previous similar engagements during Reed Smith's integration of the Warner Cranston (2001) and Richards Butler (2006) firms in London.

Currently one of the five largest law firms in Hong Kong, Richards Butler Hong Kong enjoys a leading market position having benefited from a very early entry to market, more than 25 years ago. The firm has led the way on many significant matters including advising on the first wave of Insider Dealing inquiries, successfully defending the Hong Kong Stock Exchange in the highest appellate court and participating in the first Hong Kong listings of PRC enterprises. The corporate team has been involved in over 200 IPO's. The firm established a Beijing office in the early 90's and maintains an active Chinese practice. Upon completion of the merger, Reed Smith intends to seek a license to open an office in Shanghai.

The merger is another significant achievement for Reed Smith which has long stated its ambitions to develop a robust Far East practice. Today's announcement marks Reed Smith's third significant merger in the last 12 months with the addition of over 500 lawyers worldwide.

Commenting on the merger Gregory B. Jordan, Firmwide Managing Partner of Reed Smith said: "A key objective of our strategic plan has been to develop a leading presence in the commercial business centers most important to our clients. Hong Kong, Shanghai and Beijing are clearly among those key markets. This merger gives us a leading presence in Hong Kong, an entree into mainland China and the ability to provide the high quality services our clients need.

Chris Howse, Hong Kong Partner added: "Richards Butler Hong Kong provides a unique opportunity for Reed Smith to launch operations in Asia in a dramatic way. The guidance and insight that our lawyers on the ground can offer to Reed Smith's clients about doing business in Asia and particularly in China is unrivalled. At the same time, our Hong Kong corporate clients and our Chinese clients who are making investments outside Asia will benefit from the international platform and capabilities that Reed Smith brings to us."

Roger J. Parker, Managing Partner for Europe & the Middle East observed: "In a part of the world where the customs and culture are different, there is a comfort level which comes from the personal relationships we have with our Hong Kong colleagues. These close ties, together with the firm's dominant position in the Hong Kong market and cultural integration make this merger a wonderful fit and tremendous opportunity for both our lawyers and clients."

Michael B. Pollack, Director of Strategic Planning said: "In this one deal Reed Smith will jump to the pinnacle of legal practice in Hong Kong, with significant capabilities in Asia. This is a major breakthrough for us and a significant step forward in our international strategy. While over the last few months we have been involved in negotiations to complete this transaction, we have also begun close collaboration on key client projects."

Bradford W. Hildebrandt, Chairman of Hildebrandt Inc., a leading consultant to the legal industry said: "Richards Butler Hong Kong is one of the top firms in one of the most dynamic legal markets in the world. With this move, Reed Smith adds a powerful position in Asia to its growing platform in the United States and Europe. It is a transformative combination."

For further information please contact:

Beth Farrer, Associate Director, Spada +44 20 7269 1430

Jamie Moss, newsPRos 001 201 493 1027

About Reed Smith

Reed Smith is one of the 15 largest law firms in the world, with more than 1,500 lawyers in 21 offices throughout the United States, Europe and the Middle East. Founded in 1877, the firm represents leading international businesses from Fortune 100 corporations to mid-market and emerging enterprises. Its lawyers provide litigation services in multi-jurisdictional matters and other high stake disputes, deliver regulatory counsel, and execute the full range of strategic domestic and cross-border transactions. Reed Smith is a preeminent advisor to industries including financial services, life sciences, health care, advertising and media, shipping, international trade and commodities, real estate, manufacturing, and education. For more information, visit reedsmith.com

United States: New York, Chicago, Los Angeles, Washington, San Francisco, Philadelphia, Pittsburgh, Oakland, Princeton, Northern Virginia, Wilmington, Century City, Richmond

Europe: London, Paris, Munich, Birmingham, Greece

Middle East: Abu Dhabi, Dubai


'/>"/>
SOURCE Reed Smith LLP
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. GlaxoSmithKline - Changes Lamictal(R) Label Appearance and Packaging
2. Iodex goes to SmithKline Beecham consumer Healthcare
3. GlaxoSmithKline To Cultivate Non-Smoking Environment
4. GlaxoSmithKline to Supply United States with 8 Million flu vaccine, Fluarix
5. FDA Mislead On Asthma Drug By GlaxoSmithKline
6. GlaxoSmithKline Defends Its Products
7. GlaxoSmithKline launches diabetes and cancer drugs
8. Generic Products Compete With GlaxoSmithKline
9. New Cervical Cancer Vaccine to Be Launched By Glaxo Smithkline
10. GlaxoSmithKline Agrees To Settle Paxil Claims For $14 million
11. GlaxoSmithKlines Zofran Helps In Treatment Of Dehydration In Children
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/12/2016)... ... ... Mystic Buddha Publishing House presents Valentine’s Day tips on different forms and ... Dr. Frederick Lenz. , According to Publisher Roger Cantu, “Blue Skies Buddha ... and helping others. Valentine’s Day celebrates love in all its forms, and Blue ...
(Date:2/12/2016)... ... February 12, 2016 , ... ... — 1:30 p.m. – 3:00 p.m. EST, http://www.fdanews.com/fixeddosecombination ... cycle of pharmaceutical products, garnering increased attention from all stakeholders in the development ...
(Date:2/12/2016)... ... February 12, 2016 , ... The ... Zuckerberg San Francisco General Hospital on April 5-7. The series is a multi-day, ... new habits. The workshops cover a broad range of topics, including coaching skills, ...
(Date:2/12/2016)... ... 2016 , ... The Jones Agency, a family owned insurance company with offices ... cooperative charity drive with the Tarrant Area Food Bank in the hopes of alleviating ... in need, the Tarrant County Food Bank offers hope and security to the one ...
(Date:2/12/2016)... ... February 12, 2016 , ... Miami Dental Specialists is excited to bring ... dental office. Beginning in January, Miami Dental Specialists will offer the non-metal implants as ... first office to be chosen by the dental implant manufacturer, Straumann, to bring this ...
Breaking Medicine News(10 mins):
(Date:2/11/2016)... Stem cells are primitive cells found in ... the capacity to differentiate into mature cell types Stem ... first mouse embryonic stem cells were derived from embryos ... the first culturing of embryonic stem cells from non-human ... until 2006 As a result of these discoveries, stem ...
(Date:2/11/2016)... Feb. 11, 2016 Laboratory glassware ... in laboratories. These may range from microscope slides to ... is made from borosilicate glass because of its low ... the other hand, started gaining popularity over the past ... to replace glass with plastic in several applications due ...
(Date:2/11/2016)... 2016  Walgreens has committed to provide drug disposal ... Washington, D.C. as part of a program ... by shareholder advocacy organization As You Sow. Conrad ... people hold on to unneeded drugs because they lack easily ... --> Conrad MacKerron , Senior Vice President ...
Breaking Medicine Technology: