MCC's multi-million bills

FEES for the UK lawyers acting for the Maxwell administration – mainly Norton Rose and Herbert Smith – have come to $12 million, so far.

US lawyers' fees, largely for Millbank Tweed, were $10 million.

The figures were revealed as the second report was issued to Maxwell Communication Corporation (MCC) creditors, by administrators Price Waterhouse.

The report says claims of more than $3 billion have been lodged by creditors of MCC and a further$1 billion is being considered or is subject to dispute

Price Waterhouse partner Jonathan Phillips says gross realisations, excluding any amounts for outstanding disputes, are estimated at $1.2 to $1.5 billion.