PwC banks £77mn following Lehman collapse
Professional advisory fees relating to the collapse of the European operations of Lehman Brothers amounted to £102.3mn for the first six months.
Pricewaterhouse Coopers (PwC) - the administrators of Lehman Brothers International Europe (LBIE) - has charged fees to date totaling £77.2mn for over 200,000 hours of work at an average hourly rate of £329. The firm's partners, Tony Lomas, Dan Schwarzmann, Mike Jervis and Steven Pearson, were appointed as joint administrators after the bank's collapse in September 2008.
The...
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