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
|SOURCE Reed Smith LLP|
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