Lead advisers on the £5.6bn deal are set to pocket most of the legal fees
February 10, 2015 at 05:14 AM
1 minute read
The original version of this story was published on Legalweek
Allen & Overy and Linklaters picked up the lion’s share of more than £10m in legal fees from their roles on the proposed merger of insurance giants Aviva and Friends Life, documents released under the UK Takeover Code show.
Friends Life, who turned to Linklaters as lead advisers on the deal, paid out a total of £6m to its legal advisers, while Aviva, who chiefly instructed Allen & Overy (A&O), spent a total of £4.4m on legal costs.
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