Thames Water paid lawyers £1,400 an hour despite threat of collapse. Final bill for utilities giant’s restructuring could exceed £200m.
Thames Water has paid its lawyers up to £1,400 an hour despite teetering on the brink of collapse, The Telegraph can reveal.
As part of the latest court hearing over its £3bn rescue plan, the troubled water giant spent more than £2m on court fees alone.
This includes up to £1,400 an hour for the most senior solicitors at magic circle firm, Linklaters, while it also handed its barrister almost half a million pounds in fees.
