Reed Smith posted a healthy 5.1% increase in revenues in 2020, bringing the top line to $1.31 billion after staring down the uncertain realities of the early days of the pandemic with a set of pay cuts for associates, staff and partners, followed by minimal layoffs.

“Our frame of mind a year ago was, however we’re going to manage our way through what was unquestionably an unpredictable set of circumstances, we need to act swiftly and confidently and we needed to do what was best for Reed Smith,” said global managing partner Alexander “Sandy” Thomas.