Line-up of seven law firms land roles on Irish Treasury panel
Arthur Cox and Maples and Calder are among a line-up of law firms to have won spots on the Irish Treasury's legal panel. The National Treasury Management Agency (NTMA), which borrows on behalf of the Irish Government and handles national debt and state claims, has appointed seven firms - Ireland's A&L Goodbody, Arthur Cox, Mason Hayes & Curran, Matheson, McCann Fitzgerald and William Fry, as well as offshore giant Maples and Calder.
August 28, 2013 at 06:21 AM
2 minute read
Arthur Cox and Maples and Calder are among a line-up of law firms to have won spots on the Irish Treasury's legal panel.
The National Treasury Management Agency (NTMA), which borrows on behalf of the Irish Government and handles national debt and state claims, has appointed seven firms – Ireland's A&L Goodbody, Arthur Cox, Mason Hayes & Curran, Matheson, McCann Fitzgerald and William Fry, as well as offshore giant Maples and Calder.
The firms on the roster, which was put in place earlier this month, will hold their positions for three years, with the NTMA retaining the option to extend the appointments for a further two years.
The panel announcement comes after finance minister Michael Noonan disclosed that the state has paid Arthur Cox more than €5m (£4.3m) since 2011, following a parliamentary question tabled earlier this year.
The figure, which includes fees of over €980,000 (£850,000) so far this year, relates to legal advice on the state's bank guarantee scheme.
Noonan also revealed Matheson has been paid over €960,000 (£830,000) since 2012 for work relating to pensions company Irish Life, including fees of €671,000 (£580,000) so far this year.
Arthur Cox has led on several of Ireland's bank restructurings since the financial crisis, including the €28bn (£24bn) liquidation of Anglo Irish bank earlier this year. It also advised the Irish Government on its €85bn (£73bn) bailout in 2010.
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