Davenport Lyons entered administration on Friday, a move that will allow it to be swallowed by eight-partner Mayfair firm Gordon Dadds.
“We’re not on the verge of administration,” Davenport Lyons chief executive Richard Williams insisted just last month. Administration would only be triggered, he said, as part of a deal “with a much larger firm”.
For Gordon Dadds this is a game-changing move. The firm will inherit 30 partners and 80 staff as part of the deal to acquire Davenport Lyons’ client portfolio. This comes not long after it agreed to take over collapsed litigation and corporate law firm Harris Cartier with PI firm Neil Hudgell.
As for Davenport Lyons, the end has been a drawn out affair of which details are still unfolding. You’ll know more as soon as we do.
Also on The Lawyer:
- Nationwide Building Society has named HSBC’s global general counsel Keith Ford as successor to general counsel Liz Kelly
- DWF, Irwin Mitchell and Shoosmiths are on the shortlist to take over Lloyds’ retail and asset finance litigation teams
- HM Revenue & Customs’ changes this month to the taxation of LLP members kicked off one of the biggest shake-ups in the UK legal market in years
- And all the latest hires in the legal market can be found on our weekly Moves page