Legal fees on the administration of Lehman Brothers in Europe have hit $112 million in the year since the bank's collapse. The figure is contained within a progress report from administrator PricewaterhouseCoopers, which covers all payments relating to the bank's collapse for the year ending Sept. 14. The report also shows that the fallen bank's administrators earned $238 million in fees over the year, and that average hourly rates for advisers have fallen from $538 to $505.
October 21, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Legal fees on the administration of Lehman Brothers in Europe have hit $112 million in the year since the bank’s collapse.
The figure is contained within a progress report from administrator PricewaterhouseCoopers, which covers all payments relating to the bank’s collapse for the year ending Sept. 14.
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