The National Asset Management Agency, which was set up by the Irish government to deal with bad property loans during Ireland's financial crisis, paid most of its fees to receivers. But law firms fared well also. After Arthur Cox, the next most sucessful was Dublin law firm Eugene F Collins - securing fees of amost €3 million between 2012 and this year. In third place McCann Fitzgerald's London and Dublin operations secured more than €2.8 million. A&L Goodbody was paid €1.97 million in fees, Matheson €1.6 million, Allen & Overy LLP €1.5 million, DLA Piper UK, €1.3 million and Beauchamps Solicitors €1.26 million. US-based firm McCarter & English received €1.2 million - largely in relation to pursuing developer Sean Dunne over bankruptcy proceedings in Connecticut - with €835,058 received in in 2013, €276,367 in 2014, €8,796 in 2015 and €79,048 in 2016. William Fry Solicitors came in tenth place with total fees of €1.2 million. Maples & Calder earned €1.2 million followed by Byrne Wallace which received €1.1 million.
Parliamentary question
The figures were obtained by Independent TD Mick Wallace in response to a parliamentary question submitted to Finance Minister Paschal Donohoe. The revealations come only days after Mr Donohoe provided figures to Deputy Wallace showing that NAMA paid out €115.39m to receivers over the past seven years with Grant Thornton receiving €17.28 million, KPMG €13 million, Duff & Phelps €10.24 million, RSM Ireland/Baker Tilly €9.7 million, PwC €7.98 million, Mazars €7.43 million, Deloitte €7 million, BDO €6.35 million and EY €5.14 million.
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