Bryan Cave Leighton Paisner (BCLP) announced layoffs impacting about 8% of its support roles, including finance and management staff, due to higher-than-average spending on support staff compared to peer firms. The firm, ranked 65th in the Am Law 100 with $869,603,000 in revenue for 2024, cited a modernization program as the reason for the cuts. CEO Steve Baumer emphasized the firm's commitment to its employees and announced enhanced redundancy packages for impacted colleagues as part of a proactive approach to support affected individuals during this transition.
"We are undergoing a broader business modernization program, which involves a series of strategic initiatives to streamline operations and appropriately reshape teams as we continue to support BCLP's growth and client focus."
"We recognize the impact changes like these can have on our people, and we do not take these decisions lightly. Our people remain at the heart of BCLP, and we are fully committed to supporting affected colleagues with care, fairness and transparency throughout."
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