Nothing that I'm aware of - it's not in the expression I posted... ^l is not ^|. ^l is a manual line break.
It might if you used the actual Find expression I posted! If not, the spacing may simply reflect your paragraph space before/after settings, which no amount of Find/Replace could fix. If you attach an actual document to a post, with some representative data, we could provide more advice. You can do that via the paperclip symbol on the 'Go Advanced' tab at the bottom of this screen.

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Cheers,
Paul Edstein
[Fmr MS MVP - Word]