Legal fees on Lehman collapse still top £3m a month as total hits £343m
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
2 minute read
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.
The administrator is predicting an additional £10m in legal and professional fees will be spent in the first half of 2015, taking the total forecast for the period to £30m.
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