THE NATIONAL Asset Management Agency has spent €27.55 million on legal expenses since it was established just over two years ago, with the Dublin-based law firm Arthur Cox the highest paid to date.
A total of €16.46 million was expended on legal fees to Irish and international firms last year, €9.75 million in 2010, and more than €1.35 million so far this year.
Arthur Cox, the State’s biggest law practice, has received €3.07 million from Nama so far; €1.9 million in 2010 and €1.16 million in 2011.
The international legal firm Hogan Lovells has earned €2.93 million to date. The London practice Allen Overy received €2.47 million.
Nice work. More to come.
Nama runs up €27.5m legal bill in two years (Irish Times)
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