After a series of failed merger talks Davenport Lyons has gone into administration, with Mayfair firm Gordon Dadds confirming today (28 April) that it has taken on the client database, the majority of assets and secured nearly all of the partners.
The terms of the sale were agreed last week by joint administrator Baker Tilly. A spokesman from Davenport Lyons said: ‘As of close of business on Friday 25 April, the legal entity known as Davenport Lyons ceased trading and the majority of the company’s client balances, work in progress and client files have been transferred to Gordon Dadds, who will also be collecting debtor balances on behalf of the administrator.
