Reed Smith suffers exodus of 50 staff in Hong Kong

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  • This is a major deal, but why did it take them so long to leave? The Hong Kong practice was never happy being part of Reed Smith so why did these guys sticka round for five years after the merger? Was there some kind of covenant that they couldn't break away?

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  • From local firm to a multinational bank .... my heart still lies in private practice! Folks.... you've done well. Good luck!

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  • @billy childish yes, apparently there was some kind of restrictive covenant in place. If they'd left immediately after the merger they would not have been allowed to join rival firms/set up their own for three years. That particular term has lapsed now apparently, so hence the decision to move- which I agree is a fantastic one. Reed Smith in Hong Kong going nowhere. No creativity, ambition, drive.

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