Barclay brothers case expected to raise Â£20m in fees
18th September 2012
It has been estimated that the eventual cost of legal fees raised by the recent case brought against businessmen Sir David and Sir Frederick Barclay could reach as much as £20 million.
Lawyers with some of the most prominent litigation solicitor jobs in the land were instructed by the brothers, who successfully defended their actions, and Patrick McKillen, an Irish property developer, who had claimed that dishonest practices had unlawfully stopped him from gaining control of the lucrative Maybourne Hotel Group through the purchase of a majority stake.
Further solicitors were also tasked with defending Derek Quinlan, the investment group head who bought the company out in 2004 and was alleged to have been party to a conspiracy to keep McKillen from successfully buying enough shares to take over ownership.
The judge ruling on the case decided that McKillen would not be allowed to appeal the result, but his lawyers have said that he plans to do this directly through the Court of Appeal shortly.