
Reed Smith
- London
- Leeds
With its sector-focused approach, this “traditional plus innovative” US expat offers trainees the chance to dive into industries such as shipping, energy and finance.
Reed Smith training contract review 2026
About the firm
- 50
- Trainees
- 150
- Associates
- 2
- National Offices
- 30
- Overseas Offices
Tradition can be hard to steer away from, particularly when it’s so tried and tested. But in a world where options are aplenty and competition is high, it’s important to have a differentiating factor. For Reed Smith, one differentiator that stood out to insiders was the firm’s sector-focused approach, with six core practices at the heart of its operations: energy & natural resources, entertainment & media, financial services, healthcare, life sciences and transportation. “I liked the way the firm structured itself,” one noted.
In practice, this approach means departments are shaped around industries and are geared up to meet all the legal needs of that certain industry, whether that’s in corporate, real estate or employment matters. What this means for trainees sitting in any particular seat is exposure to multiple aspects of any one industry. As one put it: “finance doesn’t end with the financial industry group – it extends to the specialist groups as well.” All in all, “it’s traditional plus innovative,” one interviewee summed up.
Evidently, deviating from tradition has its merits. Our colleagues over on Chambers UK certainly agree – Reed Smith features in our sister guide with gold stars for its commodities, insurance and shipping practices across the nation. In the capital, the firm’s banking & finance team also picks up top praise.
“There’s not a single piece of work you can do that’s not cross border!”
Of course, we’d be remiss not to mention the firm’s international nature, too. With humble origins in Pennsylvania, Reed Smith now operates from over 30 locations globally. Aside from the opportunity for international secondments, this also means trainees sat in London are able to work on matters with colleagues across the globe. In fact, one insider noted, “There’s not a single piece of work you can do that’s not cross border!”
As early careers recruitment & development manager Rebecca Schrod explains, “We’ve got quite a unique position in that we’re a US law firm, but also London is the biggest office.” She adds, “for trainees, it gives a really good mixture of exposure to that work, lots of contact across various different international offices and higher trainee numbers than you might expect from other US law firms.”
Training Contract Structure
- 4x6
- Seat Structure
The seat allocation process consists of a chat with HR then newbies submit their ranked seat choices (usually four) into an AI system. As per SRA requirements, trainees have to do a contentious seat. But because multiple groups have a litigious element to their work, this requirement can be covered by a seat in energy & natural resources or transportation, depending on the kind of work a trainee does there. There is also a firm requirement to sit in a finance seat too.
Trainees can also go on secondment to the firm’s Dubai, Singapore or Paris office. To apply for an international secondment, trainees submit a CV and cover letter and interview with the office. “It’s not a scary process!” sources reassured. The process is similar for client secondments.
Seat Experiences
The transportation group covers wet shipping, dry shipping and asset finance. Asset finance is further divided into shipping and aviation and is the transactional part of the group. This means “mainly working with big banks and helping to finance the acquisition of big vessels and aircraft. We’re bigger on the shipping,” one trainee concluded. Across all sub teams, the “nice thing about shipping is the claims are a variety of size. Even if there’s a due diligence exercise you won’t be doing just that: most of it was actually research,” an insider explained, adding “I’m getting to give my own view, not just come up with several different sources.”
“Once they started to trust me, I was leading and closing deals myself.”
Other work for trainees includes drafting emails and ancillary documents, contacting clients and local and opposing counsel, and negotiating. Responsibility can extend far beyond this too: “Once they started to trust me, I was leading and closing deals myself.” Trainees described “juggling a lot of different transactions at one time: 20-25 transactions,” which we heard was a “really good opportunity in terms of client exposure and doing different tasks.”
Because the group is quite large, there’s “quite a lot of work floating around that’s up for grabs for any of the trainees.” As a result, trainees can get exposure to many facets of the group’s work. “It was really busy in that seat which I love,” said an insider, “I really can’t stand being quiet.” In one of the group’s most high-profile cases of the last few years, it advised the salvors in relation to the collision of the container ship Dali with the Baltimore Bridge in March 2024.
Global commercial disputes (GCD) is a large group consisting of several sub teams, such as white-collar crime, regulatory enforcement and insurance recovery. Many partners sit across a few teams, so boundaries between teams aren’t super rigid. One of the firm’s highest-profile litigation cases in recent years is representing two of the defendants, former senior executives of Solo Capital, in a case where the Kingdom of Denmark brought over £1.5 billion in claims against over 100 defendants for an alleged scheme against the Danish tax authority SKAT.
Day-to-day, “the type of work you’re doing is really specific to the partner you’re placed with,” insiders explained. But, generally, trainees will do a lot of research and drafting, like letters before claim. There’s also the chance to pick up work from other partners. Overall, trainees felt the “quality of work and exposure for juniors is really great” in this department.
The financial industry group (FIG) consists of the banking & finance, structured finance, restructuring and financial regulatory teams. Banking & finance can be further divided into fund finance, leverage finance and private credit. While trainees can explore all three facets, “funds is probably the main focus.” In fund finance, the group does both lender and borrower side, often acting for banks. That “innovative” element crops up here again: Reed Smith recently represented the ‘unicorn’-status AI-powered platform Beamery in relation to a $35m financing from CIBC Innovation Bank.
When working on banking & finance matters, trainees tend to manage conditions precedents checklists, work on facility agreements and draft ancillary documents like corporate authorisations. By the end of the seat, trainees “could almost run” smaller transactions, which means drafting and liaising with local counsel and the other side and running closing processes. Tasks for financial regulation involve a lot of FCA and crypto research. The group also does real estate finance, custody and CLO/structured finance (including derivatives). “I’ve loved it,” one source summarised.
In the energy & natural resources (E&NR) group, “we cover everything: disputes, the finance side, the advisory side in terms of regulations and environmental law, commodities stuff,” a trainee explained.While each has its own subgroup, “as a trainee and an NQ in that team, you’re expected to be a generalist,” working across the teams within this large department, the exception being that usually one trainee will work exclusively on E&NR litigation.
“The work that you get is very high quality and often quite complex, it was quite daunting when I first started in the E&NR team because the language of commodities and trading is quite fresh and new,” one junior told us. But “the way they advise clients is really clear and easy to understand,” which in turn helps trainees learn the lingo. Indeed, one recent work highlight is representing Viterra matters related to contracts for the sale of peas and lentils from Canada in India – probably not what first comes to mind when thinking about natural resources!
“…the partners made an effort to bring me into the centre of the practice.”
In terms of matters, “I could tell over the course of my seat the partners made an effort to bring me into the centre of the practice,” shared one insider. This included providing drafting opportunities, working on conditions precedents and project management. There are “lots of quite unique and very complex financings in the energy team, probably because it’s quite bespoke,” being mostly related to commodities. Trainees working on the regulatory side tend to spend a lot of time on research. For the sanctions team, trainees might draft memos and advice for clients on the latest sanctions regimes and case law.
Trainee Life
There are two trainee socials per year but a lot more informal meet ups, whether that’s having lunch together or going to the pub. “We have a very strong cohort bond,” beamed one. There are also regular social events such as monthly lunches with everyone on a particular office floor or monthly drinks. Firm-wide events include the summer and Christmas parties, and there are department and trainee specific Christmas events too.
Reed Smith has active cultural inclusion networks. “Trainees are given a lot of responsibility to spearhead the groups and assist in making the firm a better place for everyone,” said an insider, “The firm tries their best not to limit resources in this area and do everything they can to help people flourish here.” At one recent event organised by the Muslim Inclusion Committee, Baroness Sayeeda Warsi, Britain's first Muslim Cabinet Minister and former co-chairwoman of the Conservative Party, gave a talk about her career.
Trainees should be in the office at least three days per week but are encouraged to do four days in office when possible. As for the office itself, last year the firm “moved into something which I think is a lot more human: it’s literally more down to earth. It’s got exposed brick work: it’s high tech with that rustic feel,” an insider described. On top of the in-house café, the terraces received a lot of love from our interviewees: “as lawyers we sometimes just sit at our desk, so it’s nice to have those outdoor spaces.”
Pretty much everyone at Reed Smith does some kind of pro bono. Projects include family matters, asylum, death row appeals, disability benefits, “abolishing unfair laws in developing countries, and also assisting in people who have been deported unfairly.” Trainees might also review NGOs’ constitutional documents to ensure they align with English law. Trainees can become the champion for a particular pro bono project, which means managing the client relationship and being responsible for getting the team together to work on the case - “you pretty much run it!”
We won’t beat around the bush: hours tend to be pretty long. Especially in the larger groups, trainees reported finishing somewhere between 7pm and 10pm with occasional post-midnight finishes. Sources caveated this with the fact that there’s “no expectation you’ll stick around when the work’s not there.” In part, the long hours are due to the international nature of the work, as clients in the US and Asia might need something completed quickly.
“I feel like we do work long hours as trainees but also what we have to appreciate is that we are learning and our salaries reflect the fact that we’re not experts yet,” shared an interviewee. And what did our sources think about their salary more generally? “I think it’s fair enough really,” one told us, summing up the general attitude, “It’s a pretty ridiculous amount of money to be making as an NQ in particular, so I would never have any qualms about that.”
Training style is “very much department specific.” In some groups like transportation, it’s primarily on the job with some formal training sessions. The financial industry group has a speaker give a talk on “their main area of expertise, so they have a lot to share. The training has been really good here.”
All our interviewees felt like they had sufficient support to learn and develop their skills. Supervisors “make sure they’re managing the workload for you as well, so you’re not overwhelmed with work.” In some departments, it’s common for trainees to have two supervisors. “Reviews have been pretty informal but also helpful,” said one trainee. Another added, “that can be quite daunting, having someone tell you, ‘Let’s improve on this,’ but my experience has always been, ‘How can we do this together? How can I help you improve on this?’ which has been really, really helpful.”
Qualification
When going for an NQ position, trainees need to submit a cover letter, CV and a feedback pack which they have been submitting into the feedback system throughout the training contract. The next steps are an interview and sometimes tests are involved. In 2025, the firm did not disclose the number of qualifiers.
- Undisclosed%
- Trainees Retention
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Top Figures
- £53,000
- 1st Year Salary
- £58,000
- 2nd Year Salary
- £125,000
- Newly Qualified Salary
- Undisclosed
- Training Contract Vacancies
- Firm recruits exclusively through it's vacation scheme
- Application Closing Date
- N/A
- Apprenticeship


