Written answers
Tuesday, 14 February 2012
Department of Finance
National Asset Management Agency
9:00 pm
Terence Flanagan (Dublin North East, Fine Gael)
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Question 179: To ask the Minister for Finance if he will provide a full breakdown of the firms paid professional fees such as accountants, solicitors and other advisors of the National Asset Management Agency since the date of NAMA's inception; and if he will make a statement on the matter. [8321/12]
Michael Noonan (Limerick City, Fine Gael)
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NAMA informs me that it cannot provide all the details requested by the Deputy in the time available. NAMA has undertaken to provide me with this information before the end of the week and, accordingly, I will issue a reply to the Deputy at that stage. In the meantime, I can provide the Deputy with certain information on legal fees. These details are set out as follows.
NAMA advise that the details are on a cash paid basis as opposed to the accrual accounting basis that must be used in the Agency's annual financial statements. It should also be noted that the figures for 2012 are those incurred up to 6 February only. Total Legal expenses by year (€)
| Year | Base Amount |
| 2010 | 9,746,625.68 |
| 2011 | 16,455,532.56 |
| 2012 | 1,349,117.41 |
| Total | 27,551,275.65 |
Top Ten Legal suppliers to date (€)
| 1 | Arthur Cox | 3,074,552.86 |
| 2 | Hogan Lovells International LLP | 2,926,301.47 |
| 3 | Allen & Overy LLP | 2,473,941.32 |
| 4 | Maples and Calder | 2,046,545.39 |
| 5 | Matheson Ormsby Prentice | 1,577,475.09 |
| 6 | Byrne Wallace | 1,507,035.68 |
| 7 | William Fry Solicitors | 1,445,142.62 |
| 8 | A&L Goodbody Solicitors | 1,374,989.35 |
| 9 | Dillon Eustace | 1,189,329.74 |
| 10 | Beauchamps Solicitors | 1,166,591.81 |
Top Ten Legal Suppliers by year
| 2012 | ||
| 1 | A&L Goodbody Solicitors | 324,087.32 |
| 2 | Hogan Lovells International LLP | 164,437.04 |
| 3 | William Fry Solicitors | 152,472.45 |
| 4 | Byrne Wallace | 114,664.76 |
| 5 | Beauchamps Solicitors | 68,014.10 |
| 6 | Simmons & Simmons LLP | 62,056.91 |
| 7 | Maples and Calder | 56,959.78 |
| 8 | SNR Denton UK LLP | 46,350.20 |
| 9 | Taylor Wessing LLP | 42,991.63 |
| 10 | DLA Piper UK LLP | 42,488.52 |
| 2011 | ||
| 1 | Hogan Lovells International LLP | 1,482,460.33 |
| 2 | Maples and Calder | 1,436,958.03 |
| 3 | Arthur Cox | 1,161,824.36 |
| 4 | Matheson Ormsby Prentice | 1,147,062.53 |
| 5 | McCann Fitzgerald | 1,030,955.02 |
| 6 | Allen & Overy LLP | 1,012,815.95 |
| 7 | A&L Goodbody Solicitors | 858,613.10 |
| 8 | William Fry Solicitors | 851,490.29 |
| 9 | Beauchamps Solicitors | 809,880.15 |
| 10 | Byrne Wallace | 787,574.42 |
| 2010 | ||
| 1 | Arthur Cox | 1,896,827.73 |
| 2 | Allen & Overy LLP | 1,424,973.95 |
| 3 | Hogan Lovells International LLP | 1,279,406.10 |
| 4 | Dillon Eustace | 708,632.76 |
| 5 | Byrne Wallace | 604,796.50 |
| 6 | Maples and Calder | 552,627.58 |
| 7 | William Fry Solicitors | 441,179.33 |
| 8 | Eversheds O'Donnell Sweeney | 424,198.20 |
| 9 | Matheson Ormsby Prentice | 407,353.51 |
| 10 | LK Shields Solicitors | 376,848.75 |
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