The advisers' gravy train
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- Nama is currently paying in excess of €98,066 per day on financial and legal consultants, according to its latest quarterly report.
- Legal advisers were paid €485 an hour for carrying out due diligence on loans for Tranche 1 transfers.
- €100 an hour was paid to trainee solicitors.
- PricewaterhouseCoopers (PwC) was paid €1.9m in January 2010 alone for providing Nama "set-up advice".
- Between April and May 2010, PwC was also paid €60,000 a week or €400 an hour per consultant.
- PwC was paid €125,000 in December 2009 for help in drafting codes of conduct for boards.
- Legal firm Arthur Cox was paid €1m for services to Nama. The Comptroller & Auditor General said they were paid in excess of agreed fees.
- Accountants KPMG were paid €5.8m for six months in 2010 for loan evaluations.
- KPMG had previously audited companies controlled by developers including Liam Carroll, Johnny Ronan and Richard Barrett, Sean Mulryan, Bernard McNamara and Paddy McKillen.
- €3.2m in six months to June 2010 was paid to accountants Capita Services.
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