Sandy Thomas. (Courtesy photo) In a Year of Austerity Measures, Reed Smith Boosts Revenue and Profits
Reed Smith raised PEP by 15.9% in a year of pay cuts and layoffs. "You do have to reconcile the ongoing needs of the shape of the business with where you are in any particular point in time," said the firm's global managing partner.
February 24, 2021 at 05:00 AM
5 minute read
Reed Smith posted a healthy 5.1% increase in revenues in 2020, bringing the top line to $1.31 billion after staring down the uncertain realities of the early days of the pandemic with a set of pay cuts for associates, staff and partners, followed by minimal layoffs.
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