According to data released by Reed Smith, the firm saw a 21 percent increase in profits per partner in 2005, jumping from $662,000 in 2004 to $800,000 last year. The firm said its revenue for 2005 was $563 million, a 12 percent increase over the $504 million in revenue in 2004. Firm Chairman Gregory B. Jordan attributed the improving financials to the firm's expansion geographically and its investment into its financial services and life sciences practice areas.
February 13, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
According to financial data provided to The Legal Intelligencer, Reed Smith saw a 21 percent increase in profits per partner in 2005, jumping from $662,000 in 2004 to $800,000 last year.
The firm said its revenue for 2005 was $563 million, a 12 percent increase over the $504 million in revenue in 2004.
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