Gordon Dadds has acquired fellow west end of London commercial firm Jeffrey Green Russell after the latter lodged a winding up petition last week.
The deal was completed last Friday through a pre-pack administration. Under the terms of the transaction most of the directors at Jeffrey Green Russell will become partners at Gordon Dadds, and will transfer their clients and practice teams.
According to a statement from Gordon Dadds, the merger will create a £30m practice enabling Gordon Dadds to strengthen its position within the national and international professional services arena. The combined firm will be known as Gordon Dadds incorporating Jeffrey Green Russell.
Philip Cohen, chair of Jeffrey Green Russell, said: ‘This sort of commercial model offers a way forward for the ambitious professional services firm of the future. Unfortunately we could not take all our support services staff with us… but we are already helping them to find new jobs within a buoyant London economy.
‘Our fee-earners are hugely enthusiastic for this deal and for what they will be able to achieve in their new home.’
No information was given on the number of staff at Jeffrey who have lost their jobs.
Adrian Biles (pictured), managing partner at Gordon Dadds, said: ‘I have great respect for the new members of our team who are all senior lawyers, and impressive individuals with an excellent reputation among clients for getting things done.
’Our ambition is to provide the very best platform for their many talents, freeing them from the constraints of high-cost central London administration and equipping them with cutting-edge technology, systems and processes.’