With branch offices in Princeton, N.J., and New York, Reed Smith really doesn’t need one in Newark, N.J., so the firm has decided to economize by shutting it down next year.
Steven Picco, the New Jersey partner in charge, says the closure, decided in recent budget deliberations, is in sync with the 1,100-lawyer Pittsburgh-based firm’s plan to eliminate redundant offices as it expands internationally. It has 14 U.S. offices and four in Europe, and on Jan. 1, its London office will merge with 400-lawyer Richards Butler, with branches in Asia, the Middle East and South America.
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