“We are always committed to providing exceptional client service in the most efficient and cost-effective way possible – and that focus drives the development of new technologies and project management solutions,” Reed Smith Global Managing Partner Sandy Thomas said. “All of our lawyers have the opportunity to innovate and bring new ideas to the firm and our clients, as such we’re very pleased that the FT has again recognized the success of these efforts.”
Most Digital Law Firm
In the inaugural “Most Digital Law Firms” category, the FT North America Innovative Lawyer Awards recognized the top 20 law firms that are leveraging technology to advance the business of law. Reed Smith achieved the fifth-highest score on the FT’s 2020 Technology and Data survey and corresponding research.
“Our internal Practice Innovation Team harnesses new ideas from our firmwide community to develop technology solutions that evolve our internal business processes and develop new client solutions — such as our new forensic analysis offering or our automated contract lifecycle management systems.” Reed Smith Chief Knowledge Officer Lucy Dillon said. “Likewise, our data solutions subsidiary GravityStack backs us the entire way, serving as both an incubator for new technologies and as a service for delivering these new advances to market.”
Best Multidisciplinary Team
Reed Smith was among seven law firms featured in the “Best Multidisciplinary Team” category. In the FT’s 2020 North America Innovative Lawyers Special Report, Reed Smith is spotlighted among those firms exemplifying “the rise of multidisciplinary teams” that combine technology with client collaboration and the practice of law, with the report noting how the “most digital law firms” recognize the importance of using data for “augmenting their legal advice with historical deal or case data” and the need to “present it visually.”
In this year’s report, FT highlights how Reed Smith “embed[s] forensics and data analytics into its practice without outsourcing to external consultants, which also saves clients’ money,” and how the firm “analyzes clients’ systems, processes and data to add value.”
A case study highlighting Reed Smith’s new data forensics solution was also included in this year’s report, noting how, when a client of the firm’s Life Sciences and Health Care Industry Group was investigated by the Department of Justice for suspected abuses of a reimbursement system, “Reed Smith built an app to analyze the data and disproved the state’s calculations.”
“This project is a great example of how we collaborate with Gravity Stack and Reed Smith’s other innovative resources to help our clients achieve their business and legal goals at great value,” said partner Jeff Layne, who spearheaded the project along with fellow partner Ben Koplin.
About Reed Smith
Reed Smith is a dynamic international law firm dedicated to helping clients move their businesses forward. Our belief is that by delivering smarter and more creative legal services, we will not only enrich our clients’ experiences with us, but also support them in achieving their business goals.
Our long-standing relationships, international outlook and collaborative structure, make us the go-to partner for the speedy resolution of complex disputes, transactions and regulatory matters.
For further information, please visit reedsmith.com.
