Michael Noonan confirms €26m was spent on Dept of Finance legal fees last year

The Department of Finance and agencies under its remit spent around €25.75m on legal fees last year.

That is according to Finance Minister Michael Noonan who confirmed that last year, the Central Bank spent €7.33m on legal fees.

However, in a written Dáil reply to Fine Gael Deputy John Deasy, Mr Noonan said that the Central Bank is declining to provide the names of the firms paid “due to potential identification of ongoing cases”.

This is in contrast to the policy at Nama, the Revenue Commissioners and other agencies under the minister’s remit that show the individual amounts paid to each individual and firm.

The figures show that Nama last year paid out €9.7m in legal fees with the two big winners being Dillon Eustace, which received €3.44m and A&L Goodbody, which received €2.32m.

Mr Noonan also revealed that Beauchamps Solicitors received €814,550 from Nama with Arthur Cox receiving €430,000; McDowell Purcell Solicitors receiving €306,750, and Quarles & Brady receiving €201,700.

Within Mr Noonan’s own department, he confirmed that the largest payments were last year made to William Fry solicitors which received €249,529, and Arthur Cox which received €237,982 — with both amounts partly recoupable.

In total, the Department of Finance paid out €740,000 in legal fees last year.

In addition, the Revenue Commissioners paid external legal firms €4.582m, with another €2.449m to barristers.

Mr Noonan said that figures detailing payments by the NTMA will be made available shortly.

He added that figures concerning the liquidation of the IBRC would be made available later in the year.

More on this topic

Farmers need approval to proceed with modernisationFarmers need approval to proceed with modernisation

Health’s €285k bill to secure former HQHealth’s €285k bill to secure former HQ

Details on Apple legal fees remain secretDetails on Apple legal fees remain secret

Breathing new life into Coláiste Íosagáin with development hubBreathing new life into Coláiste Íosagáin with development hub


As the clocks go ahead, so does your style. Corina Gaffney picks your new wardrobe heroesFashion forward: Spring fashion as the clocks change

Des O'Sullivan gives an overview of the changed dates for much-anticipated salesAntiques & FIne Art: What events are put on hold for now?

Virtual auctions a welcome distraction, writes Des O’SullivanBuyers adapt with ease to bid online while grounded

I wish I could write us all back in time, when we could pop to the shops without fear, when grandparents did not have to wave through a window at their grandchildren.Michelle Darmody: Recipes with simple ingredients

More From The Irish Examiner