Denton Wilde Sapte is to collect more than £20m in fees on the mammoth restructuring of Federal-Mogul, Legal Week has learned, in a significant boost for the City firm.

Dentons’ highly-rated insolvency team, which has been acting for UK administrators Kroll on the restruc-turing of the manufacturing company for five years, has already billed £20m and is still working on the process.