On one hand you can say: of course! Bligh & Dyer is a well described, often used and an amazingly often referred to method for extraction of lipids.
On the other hand: it depends on what you want. Just a method to get a substantial amount of lipid, the exact composition and amount of lipids present, the most efficient method, the fastest method, etc. etc.
The American Oil Chemists' Society (AOCS) is an international organization dedicated to providing the support network for those working in the field of fats, oils, surfactants, etc. In their journal JAOCS a number of more recent papers have been published related to your question.
For example an extraction method, purely focused on the PC-enriched fraction, is described using another approach than Bligh & Dyer:
In addition to the excellent answer by Rob Keller one more consideration;
if you want or have to use the lipid fraction further in any biochemical or biological experiment, then other considerations might be important such as specific components in the lipid fraction, no hydrolysis or oxidation of certain components etc..
In that case other methods of extraction might give more satisfactory results.
I just have to extract lipids ....only for practical purpose
I got 0.2 g of extract in the end... what does it mean ? or how could i calculate lipids percentage? I have applied Bligh and dyer method for lipid extraction from egg yolk...