The Bank of England slashed its annual legal spend by 96% according to its annual report for 2007, as the bank cashes in on the fall-out from the long-running BCCI dispute. The bank shelled out just £600,000 in legal fees during the last 12 months, down from £13.5m for the equivalent period last year.
June 26, 2007 at 12:02 PM
1 minute read
The original version of this story was published on Legalweek
The Bank of England slashed its annual legal spend by 96% according to its annual report for 2007, as the bank cashes in on the fall-out from the long-running BCCI dispute.
The bank shelled out just £600,000 in legal fees during the last 12 months, down from £13.5m for the equivalent period last year.
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