Legacy Berwin Leighton Paisner (BLP) partners are losing the UK firm’s modified lockstep pay system with immediate effect as a result of its merger with Bryan Cave, which will see all partners paid on a hybrid system more closely aligned with the US firm’s structure.
Bryan Cave Leighton Paisner (BCLP), which officially went live today (3 April), will operate to a calendar year-end using US-style cash accounting, with the legacy UK arm ditching both its April financial year-end and accruals accounting system as well as its lockstep.
