The newly formed Bryan Cave Leighton Paisner (BCLP) has sold its entire stake in Lawyers on Demand (LoD), a flexible lawyering service, to private equity firm Bowmark Capital LLP.

The deal sees BCLP relinquish its 62.36 percent stake in the legacy spin-off of British firm Berwin Leighton Paisner, which earlier this year combined with Bryan Cave to form a 1,600-lawyer global legal giant. Bowmark will now become a majority shareholder in LoD, which was co-founded in 2007 by former BLP equity partner Simon Harper.