Reed Smith eyes Texas market with potential Thompson & Knight tie-up

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  • This would be a very good tie up for Reed Smith and T&K. Other leading Texan firms such as Baker Botts and V&E have already lost talented energy, oil and gas partners to the likes of Latham & Watkins this year and this trend is likely to continue. The small/weak international presence of the Texan firms makes them less attractive to partners who want to make a name on the world stage. Those firms are going to continue to lose their competitiveness unless they either make major investments in their weak international networks (which is likely to be difficult because of the present economic climate and their inability to attract talented partners) or merge with firms that have a strong presence in the major international financial centers.

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