Law Practice,
Corporate
Mar. 31, 2020
Reed Smith slows partner cash distributions
The firm says it is taking a cautious approach in light of global events.
Reed Smith LLP announced Monday it would “slow partner cash distributions” in response to economic uncertainty over the coronavirus pandemic that some experts say will change the face of the legal industry.
“Reed Smith is performing on plan through the first three months of 2020. Many of our practices are exceptionally busy right now,” said the firm’s spokeswoman, Jamie Moss. “At the same time, we know businesses around the world ar...
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