Coordinates: 51°30′47″N 0°07′08″W / 51.513°N 0.119°W Lyon's Inn was one of the Inns of Chancery attached to London's Inner Temple. Founded some time during or before the reign of Henry V, the Inn educated lawyers including Edward Coke and John Selden, although it was never one of the larger Inns. It eventually developed into an institution of disrepute rather than of respect, and by the time it was dissolved in 1863 it was inhabited by only the worst lawyers.
It is believed that the Inns of Chancery evolved in tandem with the Inns of Court. During the 12th and 13th century the law was taught in the City of London, primarily by the clergy. During the 13th century two events happened which destroyed this form of legal education - firstly a decree by Henry III of England that no institutes of legal education could exist in the City of London, and second a papal bull that prohibited the clergy from teaching the law. As a result the system of legal education fell apart, and the lawyers instead settled immediately outside the City of London as close as possible to Westminster Hall, where the Magna Carta provided for a permanent court. This was the small village of Holborn, where they inhabited "hostels" or "inns", which later took their name from the landlord of the Inn in question.