(January 12, 2009, New York City, NY) –  Reed Smith LLP, one of the 15 largest law firms in the world, has announced the selection of its New York City-based partner J. Andrew Rahl, Jr. as an Outstanding Restructuring Lawyer for 2008 by Beard Group, a prominent legal and business publisher.

Mr. Rahl is a partner in Reed Smith’s Commercial Restructuring and Bankruptcy Group. A 1973 graduate a Columbia University School of Law, he has long been active in the representation of financial institutions and other clients in bankruptcy and restructuring matters.  In naming him among 2008’s top 12 attorneys in the restructuring field, the December 2008 Beard Group Special Report cited Mr. Rahl’s work in “representing one of the largest AIG CDS counterparties in the federal bailout, counsel in the monoline insurance restructurings, and his cutting-edge work on the bankruptcy/FDIC derivatives safe harbor, along with actions as counsel to the Official Finova Equity Committee before the Third Circuit.”

“We’re delighted, but not surprised that Andy was selected for this signal honor,” said Peter S. Clark, Reed Smith’s other Commercial Restructuring and Bankruptcy Group Co-Leader and Vice Chair of the firm’s Financial Industry Group. “He has amassed an enviable record in restructuring representations and has earned a national reputation for his contributions to this field.  We congratulate him for this well-deserved inclusion on the list of 2008’s most outstanding attorneys.”

Mr. Rahl’s selection completes Reed Smith’s sweep of 2008 recognition opportunities from Beard Group publications:  In June, James C. McCarroll, a New York City-based partner in the firm’s Commercial Restructuring and Bankruptcy Group, was selected by Beard Group as one of the nation’s top 12 restructuring attorneys younger than 40. In September, Nightingale‘s Healthcare News, a monthly industry publication of Beard Group, named Reed Smith’s Dan Cody one of the nation’s top 12 healthcare lawyers younger than 40. And in November, Nightingale’s selected Bob Hill, a partner in Reed Smith’s Washington, D.C. office, as one of the year’s 12 Outstanding Healthcare Transaction Lawyers in the U.S.

“Reed Smith is always gratified when external organizations recognize our attorneys’ outstanding results,” said Eugene Tillman, Reed Smith’s Global Head of Legal Personnel. “Andy’s selection is particularly sweet coming in the same year as Beard Group’s recognition of three other outstanding Reed Smith lawyer’s practice achievements in healthcare and restructuring.  We are very proud of all four of them.”

About Reed Smith

Reed Smith is a global relationship law firm with more than 1,700 lawyers in 23 offices throughout the United States, Europe, Asia and the Middle East.  Founded in 1877, the firm represents leading international businesses from Fortune 100 corporations to mid-market and emerging enterprises.  Its lawyers provide litigation services in multi-jurisdictional matters and other high stake disputes, deliver regulatory counsel, and execute the full range of strategic domestic and cross-border transactions.  Reed Smith is a preeminent advisor to industries including financial services, life sciences, health care, advertising and media, shipping, international trade and commodities, real estate, manufacturing, and education.  For more information, visit reedsmith.com

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