UK law firms fail to cash in on insolvency and restructuring
The legal fees on the 12-year BCCI insolvency reached £100m this year, with Lovells taking the lion’s share of the cash, while Allen & Overy made a staggering £31m for less than two years work on the restructuring of Marconi. But will corporate restructuring and insolvency work see City lawyers through the downturn? Not quite. […]