Reed Smith Forms Strategic Alliance with Athens-Based Firm
Posted Sep 25, 2012 5:47 AM CDT
By Molly McDonough
Reed Smith announced this week that it's formed a strategic alliance with Papapolitis & Papapolitis, a 15-lawyer firm based in Athens.
The two firms have already been working together for two years, but the formal alliance will enable them to tackle larger projects as Greece confronts structural reforms, according to a news release.
"With this new alliance, we have an even stronger platform in the Greek legal market and an ability to deal with even larger and more complex projects serving our clients’ growing needs," John Reece, Reed Smith's managing partner in Greece, said in the release. "Our newly formalized strategic alliance will ensure both firms are in an exceptional position to provide clients with seamless expertise both locally in Greece and internationally across Europe, the Middle East, Asia and the United States."
Reed Smith, which boasts nearly 1,700 lawyers globally, already had a footprint in Greece, with an office in Piraeus, where the firm handled matters involving shipping, life sciences, commercial disputes and corporate issues.
Legal Week reports that the alliance is not meant to lead to a merger.
"We have worked closely with Reed Smith on a number of global finance and corporate matters, as our clients increasingly look for legal advice regarding their outbound investments," John Papapolitis, managing partner of Papapolitis & Papapolitis said in the release. "We are very pleased to now formalize this relationship and look forward to further enhancing our unique offering within the Greek market to both firms' clients through this alliance."