A very strong year? That doesn’t square up with the history.
In March, Reed Smith laid off 100, 26 lawyers and 74 staff.
In May, Reed Smith cut all US associate salaries by 10%.
In August, Reed Smith cancelled on campus interviews at Fordham law at the last minute, prompting the school to ban Reed Smith from on campus recruitment for five years.
Last week, Reed Smith cut the salaries of incoming associates by 20% and lowered their billing rates for work done by new associates. This came two weeks after announcing a plan to move away from lock step.
If this is a very strong year, I would hate to see what things look like in a bad year.