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Lisa Mayhew and Steven Baumer, newly elected co-chairs of BCLP Lisa Mayhew and Steven Baumer, newly elected co-chairs of BCLP

Bryan Cave Leighton Paisner’s financial performance was essentially flat in 2020, a year that saw the trans-Atlantic firm reduce its global workforce by 4% as it adopted a new strategic plan.

Gross revenue at the firm dipped by 1% to $860.1 million, while profits per equity partner increased by 0.5% to $837,000. But co-chairs Lisa Mayhew and Steve Baumer agreed that the new plan, dubbed Project Advance, puts the firm in position to thrive in the coming years.

We think that it really helped us through [the] pandemic in terms of getting the BCLP community focused on the areas in which we can drive the firm forward,” said St. Louis-based Baumer, pointing first toward achieving “profitable growth” and second “operational excellence.”

London-based Lisa Mayhew added that while the pandemic prompted the firm to weigh a pause in the planning process, which began in 2019, leadership elected to push forward.

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Dan Packel

Dan Packel covers change and innovation in the legal services market, and writes a weekly briefing for Law.com, "The Law Firm Disrupted," on these subjects. He is based in Philadelphia. Contact him at [email protected] On Twitter at @packeld

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