Legal fees could hit £16m as collapsed lender’s administrator Grant Thornton racks up £2.9m in charges
The bills for lawyers and administrators to wind down Greensill Capital’s UK business are expected to come in at more than £30m for their first year of work alone, new filings show.
Insolvency experts from Grant Thornton, which was appointed as administrator, have been charging £562 an hour, and racked up £2.9m in fees by mid-April. However, the administrators’ report suggests those charges could climb to £15m by March next year.
