Although the layoffs announced Wednesday by Reed Smith -- including 115 U.S. staff positions and an anticipated 11 U.K. associates -- represent less than 4 percent of the firm's work force, they look to be the largest one-time staff cut of any firm nationally since the economic downturn began this year. Global managing partner Gregory Jordan said he does not expect any more staff cuts, and that he does not anticipate any attorney layoffs in the United States.
Reed Smith Lays Off 115 Staff in United States
The Legal Intelligencer
December 4, 2008