While Reed Smith’s finances slipped slightly in 2016, the firm’s expansion spree, spurred in part by bulk lateral hires, has continued unabated into June.

The firm announced Monday the addition of three new partners in New York and San Francisco. In the Bay Area, where Reed Smith saw a seven-lawyer class action team depart in March, the firm has picked up banking and finance partners William Veatch and Catherine Young Hagerty from Morrison & Foerster. Veatch joined MoFo in 2003 from Cooley, while Hagerty has been of counsel at MoFo for the past decade.

In the Big Apple, Don Andrews has left Venable, where he led the firm’s risk and compliance group, to join Reed Smith and head its new global risk and compliance practice. He said the scale of Reed Smith’s financial services team, which numbers around 225 lawyers and represents nine out of the 10 largest U.S. banks, will help him serve his clients more effectively.

“A major reason I came to Reed Smith is they had such fantastic resources around the globe,” said Andrews, citing the firm’s offices in international trade hubs like Hong Kong and Singapore. (Andrews joined Venable, whose offices are all located in the U.S., in late 2015 after 13 years in-house at the Bessemer Trust Co.)

From Reed Smith’s perspective, Andrews’ global regulatory expertise pairs well with the 50 attorneys the firm hired from King & Wood Mallesons in Europe at the beginning of the year, said Ed Estrada, the chairman of Reed Smith’s financial service industry group.

“Don has an incredible amount of experience with risk assessment in all types of financial institutions, and his addition strengthens our current compliance capabilities,” Estrada said in a statement prepared by the firm. “With almost three decades of federal and private-sector experience in litigation, compliance, and risk management, Don offers a unique perspective to financial services clients.”

Andrews is the fifth partner to join Reed Smith’s New York office this year. Last week the firm added Dentons partner Elizabeth Evans and senior space business counsel Delbert Smith to lead a new aviation and aerospace finance practice. In January, Reed Smith snagged MoFo tax partner Gregg Roberts, who came aboard about a month before a five-lawyer California tax team left the firm for Reed Smith.

Reed Smith’s New York office did see commercial litigation partner Russell “Chip” Gaudreau III leave last week to join Greenberg Traurig’s pharmaceutical, medical device and health care litigation practice, although Reed Smith picked up Duane Morris partner Rachael Pontikes for its health industry and life sciences group in Chicago. In London, Reed Smith hired Petar Orlic, a partner at Faegre Baker Daniels and head of the latter’s local real estate group.

As for Veatch and Hagerty, their move to Reed Smith was brokered by Tustin, California-based legal recruiter Gary Miles.

Veatch specializes in debt and securitization, a practice area he said is booming in San Francisco thanks to the growth of financial technology startups like Prosper Marketplace Inc. and Social Finance Inc. Though he had no complaints about his time at MoFo, Veatch said Reed Smith seemed more committed to building a securitization practice on the West Coast.

“The timing was good to move to a firm that really wanted to grow and put resources into growth, so if I want to hire more people, I can hire more people,” Veatch said.

He noted that one more senior lawyer could follow him from MoFo to Reed Smith, although such a move has not yet been finalized. Veatch does expect to bring on at least two or three more junior lawyers to feel out his team at his new firm.

MoFo’s San Francisco headquarters recently recruited a team of six intellectual property litigators from Wilson Sonsini Goodrich & Rosati, although the former has also watched several groups of partners leave its ranks so far this year.