City firm of the year
Reed Smith’s London office is the firm’s largest office internationally and focuses on the firm’s key industry sectors. Its renowned real estate, corporate and private equity practices were key drivers of growth in 2021.
To help clients to achieve their business goals, Reed Smith is also at the forefront of innovation within the legal sector. Last year, Reed Smith became the first international law firm to appoint an external advisory board of experts, and to convert to an ABS in order to provide additional services and receive external investment.
Reed Smith’s 2021 financial results were the best in the firm’s 145-year history with global revenue rising by nearly 10% to $1.44 billion and London office revenue growing by 13.5%. The office also focused on developing its talent pipeline; building on diversity, equity and inclusion initiatives; providing wellness support to its people and pro bono support to its communities; and driving forward sustainability initiatives, such as becoming a founding member of the Net Zero Lawyers Alliance.
Over recent years, the firm has also launched Gravity Stack, its data-driven legal technology and solutions subsidiary; Reed Smith Global Solutions, the firm’s shared-services provider comprising more than 450 lawyers, analysts and business services staff; and expanded its shared services centre, designed in partnership with leading law company Elevate, to develop innovative legal services.