Key Takeaways
- • Reed Smith LLP hired a corporate attorney specializing in private equity transactions to its Century City, Los Angeles office, expanding the firm's PE practice capabilities on the West Coast.
- • The lateral hire comes from Winston & Strawn LLP, where the attorney spent nearly three years before the move.
- • The addition strengthens Reed Smith's private equity offering in a major financial center and signals continued investment in alternative asset class practices.
Summary
Reed Smith LLP has added a private equity-focused corporate attorney to its Century City office in Los Angeles, bolstering the firm's capabilities in advising on PE transactions. The hire represents a lateral move from Winston & Strawn LLP, where the attorney spent nearly three years before joining Reed Smith.
The move underscores competitive dynamics among major law firms vying for talent in the alternative investment space. Private equity transaction work remains a high-margin practice area, particularly in Los Angeles, a key market for institutional capital and deal activity. By bringing specialized PE expertise in-house, Reed Smith strengthens its ability to compete for mandates from PE firms, portfolio companies, and institutional investors seeking comprehensive transaction counsel.
The hiring activity reflects broader trends within the legal sector, where firms continue to pursue lateral partner moves to shore up specialized practices and geographic reach. For alternative investment professionals, the expansion of Reed Smith's PE bench in Century City provides additional capacity for counsel on acquisitions, financings, and other transaction support in a competitive marketplace.
The move underscores competitive dynamics among major law firms vying for talent in the alternative investment space. Private equity transaction work remains a high-margin practice area, particularly in Los Angeles, a key market for institutional capital and deal activity. By bringing specialized PE expertise in-house, Reed Smith strengthens its ability to compete for mandates from PE firms, portfolio companies, and institutional investors seeking comprehensive transaction counsel.
The hiring activity reflects broader trends within the legal sector, where firms continue to pursue lateral partner moves to shore up specialized practices and geographic reach. For alternative investment professionals, the expansion of Reed Smith's PE bench in Century City provides additional capacity for counsel on acquisitions, financings, and other transaction support in a competitive marketplace.
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