Reed Smith is to pay nearly £4m for the disposal of its Birmingham office and is committed to paying out more than £11m to fit out its new office space in London, according to its 2008 limited liability partnership (LLP) accounts.
The accounts show the US law firm estimates the Midlands disposal will cost £3.86m. Reed Smith said in October 2008 that it was spinning the office off into a new, independent firm called Hill Hofstetter. The office launched in January 2009 and is led by former Reed Smith Birmingham head Chris Hill.
