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Reed Smith

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NEWS
August 7, 1993 | By Joseph A. Slobodzian and Amy S. Rosenberg, INQUIRER STAFF WRITERS
A federal court jury yesterday found that lawyer Richard Glanton sexually harassed and defamed Kathleen Frederick, an associate lawyer he supervised, but awarded her only $125,000 in damages. The jury of five men and five women deliberated about 13 hours over three days before returning with a verdict that appeared to be a compromise. Frederick was seeking more than $2 million in damages. The damages were awarded to Frederick not for the sexual harassment but for the defamation - for statements that Glanton, a former aide to Gov. Dick Thornburgh and president of the Barnes Foundation, made to reporters in January 1992 after he learned of Frederick's suit.
BUSINESS
January 16, 2016
Reed Smith, a global firm with a large presence in Philadelphia, said Thursday that is has laid off 45 lawyers in offices in the U.S. and abroad, about 2.5 percent of lawyers at the firm. The firm said the layoffs were necessary to ensure efficiency and to match legal staffing with the needs of clients. Some of the firm's non lawyer staff also was let go, the firm said. The firm, founded in Pittsburgh, has 1,650 lawyers worldwide and more than 200 in Philadelphia. It reported revenue of more than $1 billion in 2015.
NEWS
July 12, 2011
Reed Smith, the law firm founded in Pittsburgh with a large presence in Center City, said Tuesday that it has opened an office in Shanghai to complement offices in Beijing and Hong Kong. Jay Yan, a Columbia University Law School-educated lawyer who has practiced in Shanghai for 15 years, has joined the 1,600-lawyer firm as the managing partner of the new Shanghai office. Yan represents clients on cross-border investment, mergers and acquisitions, regulatory and compliance matters and other issues, Reed Smith said.
BUSINESS
April 14, 2016 | By Chris Mondics, Staff Writer
Reed Smith, a global law firm founded in Pittsburgh that has a large presence in Philadelphia, has confirmed that it is in merger talks with Pepper Hamilton. The firm said that the talks were in the preliminary stage but that there appeared to be many advantages to a combination. "Reed Smith has been clear about its interest in strengthening its industry focus and adding to strategic practice areas," the law firm said. "In executing this strategy we speak regularly with law firms around the world regarding our respective objectives.
BUSINESS
April 8, 2011 | By Jane M. Von Bergen, Inquirer Staff Writer
Here's a workplace riddle: Who hears everything, yet hears nothing? The staff at Reed Smith, a Center City law firm, know the answer: Carol Lennon, chief receptionist. Her policy of complete discretion coupled with a professional attitude have kept her in her job for 50 years. "You never talk about any client, any attorney, or any staff member to anyone else," said Lennon, who was honored this Wednesday with a champagne party at the office. "Fifty years? That is so unusual these days," said Victoria Green, founder of Green Leadership Consulting L.L.C., a management consulting firm in Center City.
BUSINESS
August 2, 2016 | By Chris Mondics, Staff Writer
Salaries for first-year lawyers at big firms in Philadelphia are topping out at $180,000 a year to keep pace with New York competitors. The venerable Wall Street firm of Cravath, Swaine & Moore got the ball rolling in June with the announcement that it would be raising first-year associate salaries by $20,000, to $180,000, and that associates with up to eight years at the firm would also get increases. In Philadelphia, Dechert L.L.P. matched Cravath's salary increase for first-years and also boosted pay for associates with more experience.
NEWS
June 13, 1990 | By Katharine Seelye, Inquirer Staff Writer
Philadelphia Republican boss William A. Meehan is joining the Philadelphia office of the Pittsburgh-based law firm of Reed, Smith, Shaw & McClay, effective July 16, firm officials said yesterday. Meehan is one of the most powerful Republicans in the state, with more control over party politics than that of many elected officials. His only formal political title is general counsel to the Philadelphia Republican City Committee, but he rules city GOP politics. "Billy runs one of the last remaining effective big-city Republican organizations in the country," said Richard Glanton, a partner at Reed Smith.
BUSINESS
May 15, 2015 | By Craig R. McCoy, Inquirer Staff Writer
Eight corporate and civic leaders have joined H.F. "Gerry" Lenfest, owner and publisher of The Inquirer, the Philadelphia Daily News, and Philly.com, to serve on a board of directors for the Philadelphia media company. Philadelphia Media Network L.L.C., the corporate parent of the news operations, announced the formation of the board Wednesday. Lenfest said the board would meet quarterly and provide him with guidance on the management of the company. The new members range from a former newspaper publisher to one of the region's leading philanthropists, from the Philadelphia founder of a top venture-capital fund to two leaders of prominent city law firms.
NEWS
July 16, 1993 | by Joseph R. Daughen, Daily News Staff Writer Buzz columnist Harriet Lessy contributed to this report
Since Reed Smith Shaw & McClay opened a branch office here in 1978, the staid Pittsburgh law firm has attracted clients with deep pockets, powerful new partners and, now, the most unwelcome notoriety in its 116-year history. The cause of the notoriety is the sensational sex harassment case unfolding against the firm and one of its partners, Richard H. Glanton, in federal court. The city's legal community has been sitting on the edge of its chair, listening to allegations by attorney Kathleen A. Frederick that she lost her job at Reed Smith because she ended an affair with Glanton.
NEWS
July 20, 1993 | By Joseph A. Slobodzian, INQUIRER STAFF WRITER
The glamour and prestige of a powerful law firm aside, the impact of Reed, Smith, Shaw & McClay's not including Kathleen Frederick in its future came down to dollars she would not see after being denied partnership in the big- league firm, an economist testified yesterday. Paul J. Andrisani, a Temple University management professor and expert in labor economics, testified for Frederick in her sex-discrimination suit against Reed Smith and one of its lawyers, Richard Glanton. Andrisani estimated that her firing would cost her $2.5 million in lost wages from her dismissal until her probable retirement in 2013.
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BUSINESS
August 2, 2016 | By Chris Mondics, Staff Writer
Salaries for first-year lawyers at big firms in Philadelphia are topping out at $180,000 a year to keep pace with New York competitors. The venerable Wall Street firm of Cravath, Swaine & Moore got the ball rolling in June with the announcement that it would be raising first-year associate salaries by $20,000, to $180,000, and that associates with up to eight years at the firm would also get increases. In Philadelphia, Dechert L.L.P. matched Cravath's salary increase for first-years and also boosted pay for associates with more experience.
BUSINESS
June 14, 2016
Kenneth I. Trujillo, La-Toya Pope Hackney , and Wendell E. Pritchett have been elected to the board of the public broadcaster and media provider WHYY, Philadelphia. Trujillo is a partner in the Philadelphia office of Schnader Harrison Segal & Lewis L.L.P. Pope Hackney is assistant general counsel for TE Connectivity Ltd. (formerly Tyco Electronics). Pritchett is a law professor at the University of Pennsylvania who also served as deputy chief of staff and director of policy for Mayor Michael Nutter.
BUSINESS
April 17, 2016 | By Chris Mondics, Inquirer Staff Writer
Pepper Hamilton said Friday it severed ties with a consulting firm founded by its former chairman, Louis Freeh. Freeh, the former FBI director, left Pepper Hamilton in February to rejoin his old firm, Freeh, Sporkin & Sullivan. But the consulting firm, Freeh Group International Solutions, which focused on assisting clients with internal investigations, compliance and other matters, had remained as a unit of Pepper Hamilton. The law firm, which is in merger talks with the Reed Smith law firm, said it had transferred ownership of the Freeh Group International back to Freeh in March.
BUSINESS
April 14, 2016 | By Chris Mondics, Staff Writer
Reed Smith, a global law firm founded in Pittsburgh that has a large presence in Philadelphia, has confirmed that it is in merger talks with Pepper Hamilton. The firm said that the talks were in the preliminary stage but that there appeared to be many advantages to a combination. "Reed Smith has been clear about its interest in strengthening its industry focus and adding to strategic practice areas," the law firm said. "In executing this strategy we speak regularly with law firms around the world regarding our respective objectives.
BUSINESS
January 16, 2016
Reed Smith, a global firm with a large presence in Philadelphia, said Thursday that is has laid off 45 lawyers in offices in the U.S. and abroad, about 2.5 percent of lawyers at the firm. The firm said the layoffs were necessary to ensure efficiency and to match legal staffing with the needs of clients. Some of the firm's non lawyer staff also was let go, the firm said. The firm, founded in Pittsburgh, has 1,650 lawyers worldwide and more than 200 in Philadelphia. It reported revenue of more than $1 billion in 2015.
BUSINESS
November 24, 2015
Brandywine Health Foundation , a public foundation that makes grants to nonprofits improving health in the Coatesville area, has elected to its board physician Lisa L. Croft ; Gregory V. Hines, district judge in Coatesville; and Valerie K. Martin, chief financial officer for the John Templeton Foundation. Campbell Soup Co., Camden, has named Les Vinney chairman of the board, succeeding Paul Charron. A board member since 2003, Vinney retired as president and CEO of STERIS Corp., a provider of medical supplies.
BUSINESS
May 20, 2015 | By Chris Mondics, Inquirer Staff Writer
Is the billable hour, long a staple of the legal industry, going the way of the passenger pigeon, the woolly mammoth and the Pyrenean ibex, extinct species all? Under intense client pressure to justify charges following the stock market crash of 2008, law firms took the first steps during the recession toward moving away from hourly charges by offering clients flat fees or by billing based on case outcomes. Now, the flat-fee movement is gaining momentum, with many big firms employing staffs of MBAs, actuaries and other finance experts to price legal engagements and then to make sure lawyers assigned to these matters stay on budget.
BUSINESS
May 15, 2015 | By Craig R. McCoy, Inquirer Staff Writer
Eight corporate and civic leaders have joined H.F. "Gerry" Lenfest, owner and publisher of The Inquirer, the Philadelphia Daily News, and Philly.com, to serve on a board of directors for the Philadelphia media company. Philadelphia Media Network L.L.C., the corporate parent of the news operations, announced the formation of the board Wednesday. Lenfest said the board would meet quarterly and provide him with guidance on the management of the company. The new members range from a former newspaper publisher to one of the region's leading philanthropists, from the Philadelphia founder of a top venture-capital fund to two leaders of prominent city law firms.
BUSINESS
July 8, 2014
Associate Lindsay Andreuzzi has been elected a principal of Post & Schell P.C. Andreuzzi has been with the firm since 2009. Sarah L. Bentzel has joined Reed Smith as a regional marketing coordinator. She will be based in the firm's Philadelphia office but will oversee marketing initiatives for both the Philadelphia and Wilmington offices. She was a business development senior coordinator with Pietragallo Gordon Alfano Bosick & Raspanti L.L.P. Bruce Kindy has been hired as vice president of sales at MedRisk Inc. , a King of Prussia managed-care company specializing in diagnostic imaging and the physical rehabilitation of injured workers.
BUSINESS
April 3, 2014 | By Chris Hepp, Inquirer Staff Writer
Philadelphia, teetering on the edge of the world stage, wants a leading role. Enter the Global Philadelphia Association. GPA, in conjunction with Mayor Nutter's administration, is pressing the city's case that it should be added to the list of World Heritage Cities, a designation seen as a further boost to Philadelphia as an attraction for international tourists. The city's efforts secured a visit last week from Denis Ricard, secretary general of the Organization of World Heritage Cities (OWHC)
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