'We both wanted to be one firm and not a verein' - BCLP's leaders on the costs and benefits of full financial integration

Bryan Cave Leighton Paisner's female co-chairs on the creation of a new transatlantic player

“There were obviously synergies, but most importantly there was a feeling that we both wanted to practise as one firm and not be a verein. That is where we began – the other pieces just fit together,” says Therese Pritchard, co-chair of the newest transatlantic law firm, Bryan Cave Leighton Paisner, of the firm’s single profit pool structure.

Her UK opposite number, Lisa Mayhew, is equally adamant that financial integration was a prerequisite. Highlighting the 2007 Reed Smith-Richards Butler tie-up as the most recent example of an integrated transatlantic merger of a comparable scale, she insists a deal could not have happened without it, despite the additional time and cost involved.

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