After a series of failed merger talks, the surprise takeover of beleaguered West End firm Davenport Lyons by Gordon Dadds is, according to Gordon Dadds’ managing partner Adrian Biles, indicative of the wider strain that firms will start to feel as the recovery kicks in. Continue reading “‘It is now the strain will show on firms’: Gordon Dadds MP talks takeovers and strategy after the fall of Davenport Lyons”
Davenport Lyons goes into administration as Gordon Dadds takes on business
After two rounds of failed merger talks Davenport Lyons went into administration at the end of April, with Mayfair firm Gordon Dadds confirming that it had taken on the client database, the majority of assets and secured nearly all of the partners of the West End firm.
The terms of the sale were agreed the week before 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.
Continue reading “Davenport Lyons goes into administration as Gordon Dadds takes on business”
Davenport Lyons goes into administration as Gordon Dadds takes on clients, assets and partners
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. Continue reading “Davenport Lyons goes into administration as Gordon Dadds takes on clients, assets and partners”