In what firm leadership called a “solid” 2016, Reed Smith held profits per equity partner and revenue per lawyer steady amid declines in head count and overall revenue.
Gross revenue dropped 4.3 percent, from $1.123 billion in 2015 to $1.075 billion in 2016. Total lawyer head count declined by 5.1 percent, from 1,618 lawyers in 2015 to 1,536 in 2016.
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