UK lawyers have again found themselves in the firing line over fees on PPP and PFI deals.

According to a Pubic Accounts Committee report published last month, legal fees on the London Underground Limited (LUL) PPP topped 70m British pounds. Freshfields Bruckhaus Deringer, which advised LUL, notched up 29.2m pounds in fees on the Tube Lines and Metronet PPPs. The bill ultimately cost Freshfields its relationship with LUL: after LUL was transferred to Transport for London, the firm was dumped in favour of Herbert Smith. Lovells advised Tube Lines, the consortium responsible for the maintenance and upgrade of the Jubilee Line... Full Story...

Posted by rjorr at May 12, 2005 5:30 PM