Magic Circle firm Freshfields Bruckhaus Deringer accumulated £1.8m in legal fees for its advice to the UK government on the controversial privatisation of Royal Mail last year, a report out today (1 April) from the National Audit Office (NAO) has revealed.
The NAO’s detailed report shows that Freshfields recovered a large part of its advisory fees from Royal Mail, except for £211,000 paid to the firm in respect of shares sold to the UK Armed Forces.
