Professional services fees at Lloyd’s rise £13mn to £125mn for 2021
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Professional services fees at Lloyd’s rise £13mn to £125mn for 2021

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Fees paid by Lloyd’s to legal and professional services firms increased £13mn to £125mn ($164mn) during 2021, the Corporation’s annual report shows, as total employment expenses rose £33mn to £194mn.

The annual report provides a breakdown of expenses for staff, systems, professional services and other areas last year.

Market sources raised concerns to this publication about the “eye-watering” costs of the Blueprint Two programme throughout last year, with many querying...

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