Ann Olivarius, the senior partner of McAllister Olivarius law firm who has acted in cases on both sides of the Atlantic, said she expected Andrew’s settlement to be worth at least £10m based on previous cases settled with wealthy individuals.
“The size of the compensation is probably massive by any British standards, and it’s probably very substantial by American standards – and American standards are very high,” Olivarius said.
Mark Stephens, an international lawyer at Howard Kennedy and an expert in reputation management, said he also expected the prince’s settlement to reach around $10m after paying for his own legal fees, using the proceeds from the prince’s recent sale of a Swiss chalet, initially valued at $25m but which Stephens believes was sold for a “fire sale” $18m.
Olivarius said that Andrew’s position was undermined by his previous statements that provoked ridicule, such as his claim that he was unable to sweat, and others that appeared implausible such as his claim that he had no recollection of meeting Giuffre despite a photograph of him with his arm around her.
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