Forecast of £30m in fees for the first half of 2015 made by PwC as litigation over failed banking giant's assets continues
June 03, 2015 at 05:58 AM
1 minute read
The original version of this story was published on Legalweek
Legal and professional fees relating to the collapse of Lehman Brothers nearly seven years ago are still averaging £3m a month, according to the latest progress report from administrator PwC.
Spending stemming from the bank’s September 2008 collapse hit £40m for the 2014 calendar year, with the fees evenly split across the first and second half of the year.
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