Key Takeaways
- • Reed Smith LLP has hired a partner from McDermott Will & Schulte LLP in its Miami office to strengthen its fund finance and private capital advisory capabilities.
- • The lateral hire represents a strategic expansion of Reed Smith's alternative investment practice at a time of sustained demand for specialized fund finance counsel.
- • The move underscores ongoing competition among major law firms to build specialized expertise in private capital advisory, particularly in Miami's growing financial services hub.
Summary
Reed Smith LLP has recruited a partner-level attorney from McDermott Will & Schulte LLP to its Miami office, marking a strategic expansion of the firm's fund finance and private capital practice. The hire, announced on April 17, 2026, strengthens Reed Smith's ability to serve institutional clients navigating complex fund formation, financing, and capital deployment matters.
The lateral partner move reflects the competitive landscape among major law firms vying for expertise in the alternative investment space. Fund finance has emerged as a specialized and high-demand practice area as institutional investors, including pension funds, endowments, and family offices, increasingly deploy capital through private equity, hedge funds, and other alternative vehicles. Experienced practitioners capable of advising on fund-level financing arrangements, subscription credit facilities, and related structures command particular value in the market.
Miami's selection as the hiring location aligns with the city's evolution as a financial services and alternative investment hub, drawing institutional capital and professional services firms seeking to expand their presence in a region with significant private wealth concentration. Reed Smith's move to bolster its Miami-based fund finance capabilities signals confidence in sustained demand from regional and national clients requiring specialized advisory services in this practice area.
The lateral partner move reflects the competitive landscape among major law firms vying for expertise in the alternative investment space. Fund finance has emerged as a specialized and high-demand practice area as institutional investors, including pension funds, endowments, and family offices, increasingly deploy capital through private equity, hedge funds, and other alternative vehicles. Experienced practitioners capable of advising on fund-level financing arrangements, subscription credit facilities, and related structures command particular value in the market.
Miami's selection as the hiring location aligns with the city's evolution as a financial services and alternative investment hub, drawing institutional capital and professional services firms seeking to expand their presence in a region with significant private wealth concentration. Reed Smith's move to bolster its Miami-based fund finance capabilities signals confidence in sustained demand from regional and national clients requiring specialized advisory services in this practice area.
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