Law firm Stephenson Harwood LLP has advised Arden Partners, as broker and nominated adviser, on the listing of London-based law firm Gordon Dadds.

Gordon Dadds will list on AIM in early August, following a £18.8 million reverse takeover. The market capitalisation on admission to trading on AIM will be £40 million. As part of the deal, Arden Partners has agreed to raise up to £20 million via a conditional placing of shares at 140p.

Once complete, Gordon Dadds will become only the second law firm to be listed on AIM.

The Stephenson Harwood team was led by corporate finance partner Tom Nicholls, with support from associates Gabrielle Pugh and Michelle Gomes.