Reed Smith Boosts Revenue, Partner Profits in 'Excellent' 2019
Global managing partner Alexander "Sandy" Thomas said the firm posted record highs in its three most important metrics: revenue per lawyer, profits per partner and gross revenue.
February 27, 2020 at 05:00 AM
5 minute read
Reed Smith in 2019 hit new highs in what global managing partner Alexander "Sandy" Thomas called the firm's three most important metrics: revenue per lawyer, profits per partner and gross revenue.
The firm brought in a record $1.247 billion, up 6.1% from the previous year. RPL climbed by 2.2% to $778,000. And profits per equity partner rose 4.7% to $1.32 million.
"We had an excellent 2019," Thomas said. "It felt good to be on a march to our goals for revenue and profitability."
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