Reed Smith‘s global revenues fell for the second consecutive year in 2016, by 4% to $1.08bn from $1.12bn, which the firm said was the result of managing down headcount by 81 lawyers over the year.
Reed Smith global managing partner Sandy Thomas said: ‘We worked hard to manage out last year, which naturally results in less revenue. However this is consistent with our strategy, if you look at the other metrics they are all up.’
