Gordon Dadds' share price has today (March 14) fallen to its lowest point since it was floated on the London Stock Exchange in 2017.

Shares in the listed law firm were trading at 130p as of 14.00 GMT, having been floated at 162p and traded as high as 190p on January 2, after the market responded positively to the firm's acquisition of ailing Ince & Co.

But by late January it crashed by 25% to 142p, following its announcement that it was seeking a £10m capital raising.

The latest share price fall marks a 9% drop since the beginning of the month.

Earlier to this week, a creditor's report by Ince & Co's administrators Quantuma revealed the events leading up to the firm's eventual collapse and how partners had rejected funding an £8.5m bailout of the firm.

As a result, Gordon Dadds bought Ince through a pre-pack administration, rather than a reverse takeover as had been previously announced.

Following the takeover, details have emerged regarding a slew of senior partner exits at Ince and attention has been turned on the former firm's management regarding the money the firm owed before it was put into administration. In January, disputes broke out between its London and international offices, with Ince's French arm looking for a way out entirely.

Looking at the floated law firms as a whole, Gateley – which was the first law firm to list in 2015 – saw its share price dip slightly this morning to 152p, while Keystone and Knights have maintained strong showings at 432p and 276p respectively. Meanwhile, Rosenblatt has remained steady at about 86p.

DWF this week became the first law firm to float on the main market, with trading starting tomorrow (March 15). It intends to start trading at 122p, and anticipates a market cap of £366 million.