Davenport Lyons enters administration

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”.

That agreement could not be reached with HowardKennedyFSI, which was brought into the talks after a proposed deal with Shakespeares was shelved.

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.

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