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.
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