In brief: Manches & Co puts end to BCCI battle

The five-year legal battle by 2,000 former BCCI employees, mainly represented by Manches & Co, has ended after the firm secured $70m in return for fees estimated at just under £1m. The BCCI Campaign Committee will pay the legal costs of four firms it has employed since 1991 out of the settlement made by the bank's liquidator, represented by Lovell White Durrant. Different sub-groups within the campaign were represented by Manches, Finers, Hallewell Bunyard, and Raymond Saul & Co. This followed an agreement in principle, negotiated mainly by Lovells' Keith Gains and Manches' Charles Gordon, to compensate the staff after $150m was taken from the BCCI Staff Benevolent Fund.