Law360, New York (December 03, 2008, 12:00 AM ET) -- Reed Smith LLP on Wednesday became the latest firm to announce significant layoffs, saying that it plans to ax 115 support staff in its U.S. offices and up to 11 associates in the U.K.
In a firmwide memo, Reed Smith said the layoffs were the result of the continuing slowdown of the economy and reduced demand for the firm's services. The layoffs represent less than 4 percent of Reed Smith's total work force.
“It's a hard day for us,” said Greg Jordan, the firm's global managing...
Reed Smith To Cut 115 US Staff, Up To 11 UK Lawyers
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