McGuireWoods is poised to open an office in San Francisco after taking on a high-powered financial services litigation team from Reed Smith in the Bay Area and Pittsburgh.

The Richmond, Virginia-based Am Law 100 firm, which saw average partner profits break the $1 million mark in 2015, has scooped up longtime Reed Smith partner MARY HACKETT in the Steel City, where she once headed the firm’s financial services litigation group, and its current practice leader DAVID POWELL in San Francisco. Sources told sibling publication The Legal Intelligencer that the team oversaw a $60 million to $70 million book of business, including handling work for Bank of America Corp., a key McGuireWoods client.