Reed Smith Hit New Highs in Revenue, Partner Profits in 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
The original version of this story was published on The American Lawyer
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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