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Reed Smith Estates Group
True. All (or almost all) of Reed Smith's Pittsburgh E & T lawyers decamped to start their own firm about a year ago (I think they may have one or two guys left). If there's a connection between that and the associate dissatisfaction, it's probably that Reed Smith has been desperately trying to increase its profit per partner (after years of lagging profits), and that's likely why the estates guys decided to leave (before being pushed, since E & T is not usually a big profit center), and also why the junior associates are unhappy (layoffs and reduced hiring leads to thin staffing and long hours; fewer partners being made, and existing partners being de-equitized, means there's no brass ring to keep you going during those long hours; etc.)
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"Our opinions are at best provisional hypotheses."
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