Wednesday 24 January 2018

Beauchamps top for Nama legal payouts on €721,000

The National Asset Management Agency Treasury building in Dublin
The National Asset Management Agency Treasury building in Dublin

Gordon Deegan

Dublin legal firm, Beauchamps Solicitors was the big winner in the monies paid out by the National Asset Management Agency (Nama) last year in legal fees, new figures show.

According to figures which were released in response to a Freedom of Information (FOI) request to Nama, Beauchamps Solicitors received €721,000 in fees last year.

This is more than double the €305,000 paid out in fees to the second-highest earner in 2016, Arthur Cox Solicitors.

Overall, the amount Nama paid to legal firms last year reduced sharply.

The figures show that legal fees of €3.1m were paid between January and November of last year compared to €5.6m during 2015.

The fees to the legal firms declined sharply as the number of developers exiting Nama in 2016 continued to increase.

The information provided by Nama's FOI unit show that two companies received fees in the €200,000 to €300,000 bracket - with A&L Goodbody Solicitors receiving €284,000 and Quarles & Brady paid €202,000.

In addition, three further firms received fees of between €200,000 and €100,000 with Burges Salmon receiving €153,000, and Hayes Solicitors €129,000 while McCann Fitzgerald received €108,000.

The figures also show that JW O'Donovan Solicitors received €97,000; Mason Hayes + Curran received €93,000 and Ronan Daly Jermyn Solicitors earned €91,000.

Irish Independent

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