Reed Smith is set to open an office in Frankfurt, Germany, on June 1 with the addition of seven lawyers from four different firms. The new location, which will focus heavily on the financial services industry, will be managed from the firm's 10-year-old Munich office.

Reed Smith's global head of strategy, Edward Estrada, said the firm has been looking to enter the Frankfurt market for well over a year. The firm's Munich office has grown to 44 lawyers and is full-service.

“But the client demand in the last few years has really outpaced our capability to grow in Munich,” Estrada said.