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
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This content has been archived.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
© 2024 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
Latham, Jones Day and Wachtell Lead on Anglo American's $3.8B Coal Business Sale
2 minute read
Big Law Leaders, Dealmakers Optimistic about M&A Deal Flow Under Trump, With Caveats
5 minute read
The Law Firms Generating 8-Figure Fees on the Year's Big Ticket UK Deals
3 minute readTrending Stories
- 1Cars Reach Record Fuel Economy but Largely Fail to Meet Biden's EPA Standard, Agency Says
- 2How Cybercriminals Exploit Law Firms’ Holiday Vulnerabilities
- 3DOJ Asks 5th Circuit to Publish Opinion Upholding Gun Ban for Felon
- 4GEO Group Sued Over 2 Wrongful Deaths
- 5Revenue Up at Homegrown Texas Firms Through Q3, Though Demand Slipped Slightly
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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
