Lyon's Inn was "a place of considerable antiquity", with records from 1413. Originally a hostel, it was purchased by the inhabitants and turned into an Inn of Chancery. Initially a small but respected Inn that educated people as noted as Sir Edward Coke, Lyon's Inn became a disreputable institution that "perished of public contempt long before it came to the hammer and the pick". By the time it was dissolved it was inhabited only by the lowest lawyers and those struck off the rolls, and when surveyed it was found that it was run by only two Ancients, neither of whom had any idea what their duties were, and the Inn had not dined for over a century. The Inn was dissolved in 1863, pulled down in 1868 and replaced with the third Globe Theatre.