Northern Rock has paid out more than £20m to law firms and accountants over the course of its struggle for survival, it has emerged, with Freshfields Bruckhaus Deringer and Allen & Overy (A&O) both in line for bumper pay-days. According to its latest annual report, published yesterday (31 March), Northern Rock paid £21.2m in professional fees in the second half of 2007 before its controversially nationalisation.
April 01, 2008 at 08:44 AM
1 minute read
The original version of this story was published on Legalweek
Northern Rock has paid out more than £20m to law firms and accountants over the course of its struggle for survival, it has emerged, with Freshfields Bruckhaus Deringer and Allen & Overy (A&O) both in line for bumper pay-days.
According to its latest annual report, published yesterday (31 March), Northern Rock paid £21.2m in professional fees in the second half of 2007 before its controversially nationalisation.
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