Dáil Éireann Debate, Tuesday - 24 July 2018
193. Deputy Richard Boyd Barrett asked the Minister for Finance the amount NAMA paid for external legal services in each of the years 2012 to 2017; the details of these payments; the companies that received the payments; the amount received by each company; the hourly rates that applied to each company; and if he will make a statement on the matter. [32975/18]
Amharc ar fhreagraI wish to advise the Deputy that, on a regular basis, the National Asset Management Agency requires the assistance of specialist legal services in order to assist it in meeting its statutory objective of obtaining the best achievable financial return for the State. A key criterion in the selection of service providers by NAMA is the extent to which they can provide value for money for the taxpayer.
In 2012, NAMA established a number of panels of legal firms to advise the Agency on the various aspects of the business, including enforcement, legal due diligence associated with loan acquisition, enforcement and general corporate legal services. As NAMA is a contracting authority which is subject to EU Directive 2004/18/EC (as implemented in Ireland by the European Communities (Award of Public Authorities’ Contracts) Regulations 2006 (the “Regulations”)), in respect of the procurement of goods, works and services above certain values (the “EU Thresholds”), an open procurement process was carried out under public procurement guidelines to establish these panels.
It is not possible to provide the Deputy with the hourly rates quoted by each company, as these rates, which continue to apply, are commercially sensitive to each particular company, and release of this information could have a negative impact on their businesses. However, I am advised that in each individual case, NAMA seeks to negotiate a reduction in the amount of fees charged, rather than simply relying on hourly rates. This can depend on the nature of the legal services provided, the complexity of a specific matter, or the length of time spent on providing legal services.
The fees paid to each legal firm on an annual basis from 2012-2017 is set out in the table below.
|
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
Grand Total |
|
|
McCann Fitzgerald |
273,377 |
634,216 |
581,671 |
471,688 |
110,484 |
1,153,116 |
3,224,552 |
|
Arthur Cox Solicitors |
472,707 |
310,532 |
283,272 |
258,401 |
430,015 |
353,240 |
2,108,166 |
|
EUGENE F COLLINS |
271,958 |
1,888,120 |
244,892 |
343,853 |
100,442 |
221,072 |
3,070,336 |
|
A&L Goodbody Solicitors |
300,976 |
29,734 |
115,935 |
487,113 |
198,599 |
269,602 |
1,401,960 |
|
Matheson |
402,647 |
95,907 |
128,734 |
417,853 |
14,931 |
47,643 |
1,107,715 |
|
SERVULO & ASSOCIADOS |
321,619 |
12,423 |
394,936 |
766,512 |
1,495,490 |
||
|
ALLEN & OVERY LLP |
46,078 |
571,358 |
19,458 |
0 |
0 |
0 |
636,893 |
|
BEAUCHAMPS SOLICITORS |
9,111 |
308,791 |
240,417 |
209,299 |
206,869 |
219,032 |
1,193,519 |
|
DLA PIPER UK LLP |
2,451 |
183,328 |
739,915 |
202,129 |
18,632 |
0 |
1,146,455 |
|
McCarter & English LLP |
835,058 |
276,367 |
8,796 |
79,048 |
0 |
1,199,269 |
|
|
William Fry Solicitors |
7,309 |
77,716 |
41,155 |
90,729 |
48,907 |
1,289 |
267,105 |
|
MAPLES AND CALDER |
59,948 |
100,897 |
132,166 |
66,459 |
0 |
359,470 |
|
|
BYRNE WALLACE |
116,311 |
62,144 |
130,478 |
326,399 |
74,698 |
39,200 |
749,230 |
|
Eversheds Sutherland |
48,221 |
170,847 |
112,216 |
94,127 |
0 |
161,868 |
587,279 |
|
HOGAN LOVELLS INTERNATIONAL LLP |
1,243 |
7,990 |
- 408,395 |
26,563 |
12,350 |
405,527 |
45,278 |
|
HAYES SOLICITORS |
25,196 |
36,116 |
188,494 |
161,357 |
153,870 |
350,512 |
915,545 |
|
RONAN DALY JERMYN SOLICITORS |
107,076 |
410,111 |
153,392 |
81,555 |
38,697 |
790,832 |
|
|
SIMMONS & SIMMONS LLP |
319,531 |
138,024 |
57,186 |
35,651 |
3,039 |
0 |
553,431 |
|
Mason Hayes & Curran |
37,717 |
208,431 |
84,791 |
203,950 |
1,995 |
536,884 |
|
|
TAYLOR WESSING LLP |
19,048 |
13,284 |
138,809 |
39,064 |
12,519 |
26,526 |
249,249 |
|
Quarles & Brady LLP |
18,479 |
66,752 |
39,574 |
65,477 |
201,700 |
0 |
391,982 |
|
PAUL SREENAN |
169,282 |
40,590 |
0 |
0 |
11,685 |
221,557 |
|
|
LK SHIELDS SOLICITORS |
23,556 |
32,956 |
200,784 |
49,382 |
9,696 |
0 |
316,374 |
|
Gartlan Furey Solicitors |
23,157 |
36,745 |
9,336 |
0 |
28,694 |
97,932 |
|
|
Vroninks & Ricker |
303,918 |
0 |
0 |
0 |
303,918 |
||
|
Bayern LB |
113,454 |
178,775 |
0 |
0 |
0 |
292,230 |
|
|
Lavelle Solicitors |
150,762 |
119,727 |
0 |
4,877 |
275,366 |
||
|
Wragge Lawrence Graham & Co |
98,174 |
151,483 |
0 |
0 |
249,657 |
||
|
ARTHUR COX NORTHERN IRELAND |
38,204 |
34,471 |
97,878 |
10,980 |
1,719 |
0 |
183,252 |
|
Hogan Lovells International LLP (Madrid) |
0 |
0 |
- |
142,819 |
41,880 |
0 |
184,699 |
|
Dillon Eustace |
0 |
0 |
16,336 |
46,853 |
5,848 |
64,245 |
133,282 |
|
Graf von Westphalen |
109,764 |
65,615 |
0 |
0 |
0 |
175,379 |
|
|
Cian Ferriter |
128,904 |
33,518 |
- |
0 |
0 |
0 |
162,422 |
|
Burges Salmon LLP |
0 |
153,511 |
0 |
153,511 |
|||
|
Uria Menedez |
95,715 |
14,194 |
21,618 |
0 |
131,527 |
||
|
Alfred Thornton & Company |
5,931 |
12,243 |
50,050 |
12,300 |
34,363 |
515 |
115,401 |
|
McCann Fitzgerald London Solicitors |
123,663 |
0 |
0 |
0 |
123,663 |
||
|
Taylor Wessing LLP (Munchen) |
69,259 |
52,846 |
0 |
0 |
122,105 |
||
|
OLSWANG LLP |
43,694 |
- |
0 |
0 |
0 |
43,694 |
|
|
Parker, Hudson, Rainer & Dobbs LLP |
45,704 |
62,357 |
- |
0 |
0 |
0 |
108,061 |
|
Wierzbowski Eversheds |
85,638 |
24,956 |
0 |
110,594 |
|||
|
Addleshaw Goddard LLP |
75,118 |
- |
0 |
0 |
6,954 |
82,072 |
|
|
Various Suppliers - cumulative < 100k |
426,512 |
745,851 |
1,449,555 |
120,058 |
275,262 |
204,000 |
3,221,238 |
|
Grand Total |
3,276,378 |
6,817,596 |
6,949,056 |
4,436,886 |
2,981,856 |
4,376,801 |
28,838,573 |
