A breakdown of the fees sought by the Deputy is set out below.
2013 Legal, advisory and consultancy fees
Legal, consulting and advisory fees as per the published accounts for 2013 and they include invoices paid to suppliers and the movement in expense accruals. Invoices paid in a year may relate to services incurred in other years. Invoices for professional services paid in 2013 but which relate to other years are included in the accrual movement.
|
|
Legal Fees €'000
|
Portfolio Management Fees €'000
|
Tax Fees €'000
|
Cross operational organisational project
€'000
|
TOTAL €'000
|
|
Invoices paid
|
7,160
|
5,373
|
874
|
99
|
13,506
|
|
Accrual movement
|
(4,185)
|
176
|
349
|
94
|
(3,566)
|
|
TOTAL
|
2,975
|
5,549
|
1,223
|
193
|
9,940
|
Breakdown of Legal & Portfolio Management suppliers with spend greater than €100k in 2013
The tables below detail invoices actually paid to suppliers during the financial year 2013
Legal invoices
|
Supplier Name
|
Amount €'000
|
|
McCarter & English LLP
|
835
|
|
Eversheds O'Donnell Sweeney
|
683
|
|
McCann Fitzgerald
|
634
|
|
Allen & Overy LLP
|
571
|
|
Arthur Cox
|
311
|
|
Beauchamps
|
309
|
|
DLA Piper UK LLP
|
183
|
|
Simmons and Simmons LLP
|
138
|
|
Bayern LB
|
113
|
|
Graf Von Westphalen
|
110
|
|
Ronan Daly Jermyn Solicitors
|
107
|
|
Litigation Payments
|
1,791
|
|
Other Suppliers spend <€100k
|
1,375
|
|
Total
|
7,160
|
Litigation payments include a payment in relation to the settlement of High Court and Supreme Court costs in Dellway V NAMA, 20% of which was reimbursed in 2014.
Portfolio Management invoices
|
Supplier Name
|
Amount €'000
|
|
Eastdil Secure LLC (Loan sales brokerage fee)
|
1,109
|
|
Aon Risk Solutions
|
774
|
|
Steven D. Hutton (Portfolio Management fee)
|
340
|
|
Grant Thornton Corporate
|
293
|
|
Salamanca Risk Management
|
245
|
|
Forgo, Damjanovic & Partners Law Firm
|
226
|
|
KPMG
|
190
|
|
Strook & Strook (Portfolio Management fee)
|
160
|
|
Colliers International Dublin
|
124
|
|
Other Suppliers spend <€100K
|
1,912
|
|
Total
|
5,373
|
