The Lead counsel for the liquidators of BCCI, Gordon Pollock QC, who is spearheading the case against the Bank of England for misfeasance, pocketed 3m in what is believed to be the countrys highest ever brief fee.
Pollock, whose 3m fee for preparing the case over the last 12 months was first revealed exclusively by The Lawyer (12 January), is set to earn at least an extra 2m during the trial, which could last until mid-2005.
The Bank of England has been paying its law firm Freshfields Bruckhaus Deringer 1.5m a month, including disbursements to counsel, to prepare the case, according to court transcripts.
The trial could prove to be entertaining, with Pollock, who is head of Essex Court Chambers, renowned for his showmanship in the courtroom.
Pollock was forced to apologise to the court in a recent pre-trial BCCI hearing for calling two female Freshfields solicitors who are on maternity leave sex crazed in his opening speech.
At the end of the hearing, Pollock apologised and said it had been a misdirected attempt at levity that should have been best left unraised.