A Reed Smith office in San Francisco. (Photo: Jason Doiy/ALM) Reed Smith Cuts Global Workforce by 50 to Address Demand Slump
Around 20 staff members and 30 lawyers, including those in corporate practices, are affected, according to sources with knowledge of the cuts.
June 14, 2023 at 09:31 AM
3 minute read
What You Need to Know
- Reed Smith announced Friday that around 2% of its employees would be affected by a global workforce reduction.
- The decision to cut the firm's workforce comes in response to a 'reduced level of demand for legal services across the industry.'
- Reed Smith follows other large firms such as Orrick and Gunderson Dettmer in recent workforce layoffs.
Reed Smith is in the process of reducing its global workforce by approximately 50 lawyers and staff in response to a downturn in demand for legal services, a spokesperson for the firm confirmed on Tuesday.
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