BCLP management duo step down from LOD board following private equity sale
BCLP senior partner Neville Eisenberg leaves LOD board as Bowmark Capital takes over
June 20, 2018 at 06:14 AM
2 minute read
The original version of this story was published on Law.com
Bryan Cave Leighton Paisner's (BCLP) representation on the board of flexible lawyering service LOD has come to an end after its two legacy BLP members both stepped down.
BCLP partner and former legacy BLP senior partner Neville Eisenberg and BCLP chief operating officer David Rowe have both left the board, which now comprises LOD co-founder Simon Harper, CEO Tom Hartley, and Ken Jagger and John Knox, the former leaders of Asia-Pacific business AdventBalance, which merged with LOD in 2016.
The move comes after BCLP sold its entire stake in LOD to private equity firm Bowmark Capital. The deal saw the firm relinquish its 62.36% stake in the business, with Bowmark becoming the majority shareholder.
Eisenberg said the investment would help facilitate LOD's ambitious plans for growth, but that BCLP has committed to remain close to LOD and would use the business for its flexible lawyer needs.
Macfarlanes acted for BCLP on the deal, while Stephenson Harwood advised Bowmark.
LOD was founded in 2007 by Harper, who was then an equity partner at legacy BLP, and Jonathan Brenner, legacy BLP's then head of recruitment. It now has access to more than 600 lawyers and consultants worldwide. Both Harper and Brenner are still with LOD as co-founders.
LOD's last financial results for 2016-17 saw UK profits rise from £15,000 to £2m, owing to "exceptional costs" incurred in 2015-16, according to Harper. The results came after LOD's first full year since the 2016 AdventBalance merger.
BCLP declined to comment.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Thwarting of $14B US Steel Deal Won't Dampen Japan-U.S. M&A, Lawyers Say
The Week in Data Jan. 2: A Look at Legal Industry Trends by the Numbers
These Law Firm Leaders Are Optimistic About 2025, Citing Deal Pipeline, International Business
6 minute readTrending Stories
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
