FTI Consulting NewsWatch

This report provides Monadnock Research estimates for 2022 Tax Advisory and Compliance rates in the US from our firm's continuous cross-industry consulting rate analysis of current negotiated master service agreements between clients and strategic firms. Services that fall within the scope of this report include: (Tax Advisory) International and Corporate Tax; Private Wealth Management; Merger, Acquisition and Divestiture Tax; Trade and Customs; Transfer Pricing; Property and Real Estate Tax; Indirect Tax; Tax Audits; Tax Investigations; Tax Management; Tax Risk Mitigation; and Tax Outsourcing. (Tax Compliance) Corporate Tax Return Preparation; Employee Income Tax Returns; Withholding Tax Returns; VAT Returns; Tax Compliance Process; Tax Compliance Control; Tax Compliance Technologies; Tax Authority Inquiry; Tax Authority Examination; and Tax Compliance Planning.The report includes rate breakouts for firms providing related services, including large and small business advisory services...More

This report provides Monadnock Research estimates for 2022 Legal and Forensic Advisory rates in the US from our firm's continuous cross-industry consulting rate analysis of current negotiated master service agreements between clients and strategic firms. Services that fall within the scope of this report include: Litigation support; Dispute resolution; Expert witness support; Fraud and financial misconduct investigations; Intellectual property and contract governance; Forensic analysis and technology support; Competition authority support; Domestic and international intelligence; Security; and Transaction forensics. The report includes associated rate breakouts for firms providing related services, including large and small business advisory services firms, the Big Four; Operations; Strategy and Information Technology specialists. Mean and median hourly, daily and weekly rates are provided for the 15 most common categories of professional, with full detail on experience, education and ...More

This report provides Monadnock Research estimates for 2022 Risk, Regulatory and Governance Advisory rates in the US from our firm's continuous cross-industry consulting rate analysis of current negotiated master service agreements between clients and strategic firms. Services that fall within the scope of this report include: Enterprise Risk Management, Corporate Governance and Regulatory Compliance. The report includes associated rate breakouts for firms with a legacy specialty in the areas of Financial, Legal and Risk Advisory, including the Big Four; Operations; HR services; Strategy and Information Technology. Mean and median hourly, daily and weekly rates are provided for the 15 most common categories of professional, with full detail on experience, education and customary titles for each professional level. We also include rate differential break-outs for 14 large metropolitan markets across the US (104 Pages, 60 Exhibits)....More

This report provides Monadnock Research estimates for 2021 Risk, Regulatory and Governance Advisory rates in the US from our firm's continuous cross-industry consulting rate analysis of current negotiated master service agreements between clients and strategic firms. Services that fall within the scope of this report include: Enterprise Risk Management, Corporate Governance and Regulatory Compliance. The report includes rate breakouts for the Big Four and other Advisory Specialists, and other specialists with a legacy in Strategy, Operations and IT consulting. Mean and median hourly, daily and weekly rates are provided for the 15 most common categories of professional, with full detail on experience, education and customary titles for each professional level. We also include Risk, Regulatory and Governance Advisory rate differential break-outs for 14 large metropolitan markets across the US (95 Pages, 54 Exhibits)....More

This report provides Monadnock Research estimates for 2021 Financial Advisory rates in the United States from our firm's continuous cross-industry consulting rate analysis of current negotiated master service agreements between clients and strategic firms. Services that fall within the scope of Financial Advisory include consulting across the following areas: Financial Management, Financial Performance Improvement, Procurement, Finance Strategy and Policy, and Organizational Development. The report includes rate breakouts for the Big Four and other Advisory Specialists, and other specialists with a legacy in Strategy, Operations and IT consulting. Mean and median hourly, daily and weekly rates are provided for the 15 most common categories of professional, with full detail on experience, education and customary titles for each professional level. We also include Financial Advisory rate differential break-outs for 14 large metropolitan markets across the US (94 Pages, 53 Exhibits)....More

This report provides an analysis of women serving at various levels of consulting service providers, with a special focus on related efforts of the Big Four and Accenture. We also provide analysis on diversity in the private equity and venture capital industries, and the challenges facing early stage companies across a number of other industries. Our analysis of the consulting sector should be viewed as a best-case example since the efforts of the Big Four and Accenture are significant, and these service providers have devoted more resources than most companies toward addressing the challenge of gender equality in hiring and advancement. (1,904 words, 1 graphic)...More

Table of Contents: (1) WPP to Sell Controlling Interest in Kantar Consulting Subsidiary; (2) Julie Sweet Appointed Accenture CEO; David Rowland Named Executive Chairman; (3) Bain Takes Steps to Learn from SARS Missteps; (4) BearingPoint Acquires UK Public Sector Specialist, Prederi; (5) BDO's 3 Largest Affiliates in Australia to Merge Operations; (6) BCG Acquires Spanish Digital Consultancy, Kernel Analytics; (7) FTI Consulting to Acquire German Restructuring Advisor, Andersch; (8) PA Consulting Acquires US-Based Innovation Specialist, 4iNNO; (9) Consulting Leadership: EY, Wipro, Accenture, BearingPoint and BCG; and (10) Thought Leadership: Korn Ferry. (2,625 words)...More

Table of Contents: (1) 2018-19 UK Strategy Consulting Rates; (2) Buck Emerges Again as Independent HR Firm; (3) Bain & Co. Strategic Advice Blamed for South Africa Revenue Service Woes; (4) Accenture Completes Acquisitions of Designaffairs and HO Communications; (5) Grant Thornton Consolidates South Africa Member Firms; (6) Consulting Leadership: Accenture, L.E.K., FTI and Grant Thornton; and (7) Thought Leadership: Accenture and Korn Ferry. (2,100 words)...More

This report provides Monadnock Research estimates for 2018-2019 US Financial, Accounting, Legal, Risk, Compliance and Transaction Advisory rates in the United States of America from our firm's continuous cross-industry consulting rate analysis of current negotiated master service agreements between clients and strategic firms. This is our first rate report published in each of these areas. Mean and median hourly, daily and weekly rates are provided for the 15 most common categories of professional, with full detail on experience, education and customary titles for each level. The report includes rate break-outs for Financial Advisory; Accounting Advisory; Legal & Forensic Advisory; Internal Audit, Risk and Compliance Advisory; and Transaction Advisory. (46 Pages, 15 Exhibits)...More

Table of Contents: (1) Big Four Fiscal 2016 Consulting Rankings and Audit Conflict Risk Metrics (MR Research Note Vol X, No 2); (2) CSC Shareholders Approve HP Enterprise Merger; (3)Oracle Performing Due Diligence on Accenture Acquisition?; (4) Deloitte Acquires Cloud Consultancy, Day 1; Plans to Expand Cloud Capabilities; (5) Accenture Completes First Annapolis, OCTO, Seabury, Focus Group Europe and Davies Transactions; (6) CRA Closes Acquisition of Life Sciences Strategy Specialist, C1 Consulting; (7) BearingPoint Expands Operations Consulting Capabilities with UK and Italy Acquisitions; (8) Ethisphere Honors Accenture, Capgemini and Wipro as 2017 Most Ethical Companies; (9) Consulting Leadership: KPMG, Deloitte, CRA, Marakon, BDO and FTI; and (10) Thought Leadership: Strategy&, L.E.K. and PwC. (2,785 words, 1 Graphic)...More

Table of Contents: (1) 2016-2017 South Africa, Italy and Spain Strategy Consulting Rates: Monadnock Research Reports (Vol IX, No 10-12); (2) Heidrick & Struggles to Acquire Leadership Consultancy, Philosophy IB; (3) Accenture to Acquire Australian Cyber-Security Consultancy, Redcore; (4) Aon Hewitt Acquires Cammack Health; (5) Booz Allen Hamilton Closes Office in Azerbaijan; (6) Infosys to Terminate 3,000 Staff After RBS Announces Plans to Divest Williams & Glyn; (7) Consulting Leadership: Ankura, BAE, BearingPoint, KPMG, PA, Navigant, L.E.K., Huron and FTI; and (8) Thought Leadership: Korn Ferry, Deloitte, Mercer and Hackett. (3,025 words)...More

Table of Contents: (1) 2016-2017 Norway, Sweden and Netherlands - Strategy Consulting: Monadnock Research Report (Vol IX, No 4-6); (2) BDO's US Affiliate Continues Rapid Consulting Business Expansion with 31% Fiscal 2016 Growth; (3) Netherlands Digital Services Consultancy, MOBGEN, Acquired by Accenture; (4) Accenture Completes Majority Acquisition of Japan's IMJ; (5) CSC Completes Acquisition of Adpediens; (6) Consulting Leadership: BCG, Accenture, L.E.K., Deloitte, BearingPoint, BDO, Huron, SAIC and FTI; and (7) Thought Leadership: Bain & Co., KPMG and BDO. (2,700 words)...More

Table of Contents: (1) Aston Martin Launches Design Consultancy ; (2) BCG Reaches $5 Billion in 2015 Annual Revenues; (3) Ancura Receives $100 Million in Growth Funding; (4) CSC Closes $308 Million Acquisition of Australia's UXC; (5) Accenture, Avanade, Capgemini, Concurrent, Rockwell and Wipro; (6) Vertiba Acquired by Publicis.Sapient; (7) Accenture Opens Liquid Application Studio in Silicon Valley; (8) Consulting Leadership: PwC, BCG, Accenture, Huron and BDO; and (9) Thought Leadership: Institutional Shareholder Services and Accenture(2,050 words)...More

Table of Contents: (1) 2015-16 France and Germany HR Consulting Rate Reports Published; (2) Towers Watson Shareholders Fail to Support Proposed Willis Merger; (3) Protivity Acquires Analytics Consultancy, Decision First; (4) Virtusa to Acquire Polaris Consulting & Services for $270 Million; (5) Consulting Leadership: Korn Ferry, KPMG and FTI; and (6) Thought Leadership: KPMG and FTI. (1,900 words)...More

Table of Contents: (1) Accenture Confirms Strong Q3 2015 Results; (2) Roland Berger to Acquire German Restructuring Advisory, FMC Consultants; (3) KPMG Acquires UK-based Transformational Consultancy, Boxwood; (4) EY to Acquire Integrc; (5) Salesforce Reaches Agreement to Acquire French Consultancy, Kerensen Consulting; (6) AURELIUS Group Acquires Final Share of Getronics; (7) Accenture Acquires Swedish Digital Consultancy, Brightstep; (8) Next Week: Location-Based Consulting Rate Differentials and (9) Consulting Leadership: PwC, EY, BDO and Antworks; and (10) Thought Leadership: HBR Consulting, Deloitte and KPMG. (2,425 words)...More

Table of Contents: (1) Boston Consulting Group Acquires Transformation Specialist, Brighthouse; (2) BearingPoint Acquired Nordic Digital Consultancy, Magenta; (3) Evercore to Acquire Investment Banking Advisor, Kuna & Co.; (4) ACME Business Consulting Acquired by North Highland; (5) Consulting Leadership: FTI, BearingPoint and NERA; and (6) Thought Leadership: BCG, FTI and BDO. (1,675 words)...More

Table of Contents: (1) 2015 IT Strategy Consulting Rates: Netherlands; (2) Accenture Completes Acquisition of Brazilian Analytics Specialist, Gapso; (3) Infosys to Consolidate Lodestone into Consulting Group; (4) SAIC Reaches Agreement to Acquire Scitor; (5) Swedish Software Firm Signs Cooperation Agreement with Accenture; (6) Mercer and Conference Board Launch Workforce Analytics Institute Asia; (7) Model Consulting Acquired by CBIZ; (8) Los Angeles Department of Water and Power Files Suit Against PwC Alleging Fraud and Breach of Contract; (9) Consulting Leadership: BCG, KPMG, FTI, Claro, Kurt Salmon and Prophet; and (10) Thought Leadership: Accenture. (1,850 words)...More

Table of Contents: (1) 2015 IT Strategy Consulting Rates: China and Hong Kong; (2) TCS Responds to Employee Firestorm; Denies Plan to Terminate 10% of Workforce; (3) Huron Acquires Sky Analytics; (4) Financial Services IT Consultancy Synechron Acquires Team Trade; (5) The Camden Group Acquires Health Directions; (6) Saudi Authorities to Address Poor Quality Consulting Work by Foreign Firms; (7) Consulting Leadership: PwC, FTI, DRG, Deloitte, BDO, Segal and CRAI; and (8) Thought Leadership: Deloitte and PwC. (1,990 words)...More

Table of Contents: (1) Bridge Strategy Group Acquired by Houlihan & Lokey; (2) Accenture Reaches Agreement to Acquire Structure; (3) Former CEO of Chestnut Consulting Indicted for Allegedly Bribing EBRD Official; (4) Wipfli Acquires Elko, GHG and ARG; (5) Accenture to Work with MIT Sloan School's Office of Executive Education to Develop Internal Program; (6) Sapient Extends Purchase; 79.6% of Common Shares Tendered; (7) FTI Launches Technology Information Practice; (8) Consulting Leadership: Oliver Wyman, Huron, FTI and Segal; and (9) Thought Leadership: Deloitte and PwC. (1,990 words)...More

Table of Contents: (1) 2015 subscription rates for the Monadnock Research Portal will increase to $4,995 on 1 January; (2) Jackson Lewis Shifts Professional Performance Metrics Away from Billable Hours; (3) Wipro Expands Operations in Romania; (4) BDO to Acquire UHY Texas Practice; (5) HP Divisions Start Work on Split into HP Enterprise and HP Inc.; (6) Consulting Leadership: Wipro, Lloyds, Infosys, FTI and Deloitte; and (7) Thought Leadership: FTI. (1,240 words)...More

Table of Contents: (1) Monadnock Research Publishes UK IT Strategy Consulting Rates Report; (2) KPMG Acquires EntryPoint Global Trade Management Consulting Practice; (3) PwC Receives 2014 Baldrige National Quality Award; (4) Cognizant Acquires Australian Mobile Services Consultancy, Odecee; (5) EY Acquires Canada's Up Consulting; (6) Consulting Leadership: Deloitte and FTI; and (7) Thought Leadership: Accenture, Economists Inc., Protivity and FTI. (1,500 words)...More

Table of Contents: (1) 2014 France and Germany IT Consulting Rate Reports Published; (2) Accenture to Expand in Costa Rica; (3) Consulting Leadership: Deloitte, Heidrick & Struggles, Roland Berger, West Monroe, North Highland and IBM; and (4) Thought Leadership: PwC and FTI. (1,650 words)...More

Table of Contents: (1) 2014 Australia, New Zealand and Singapore IT Consulting Rates; (2) PwC US Advisory Group Banned for 24-Months and Fined $25 Million for Misconduct by NY Regulator; (3) Deloitte Fires Subcontractor, KH Consulting, in Iowa University System Engagement; (4) WIPRO Launches Global Customer Experience Center; (5) European Banks and Regulators Pay Nearly €500 Million in Consulting and Audit Fees; (6) Capita Purchases Irish Managed Services Firm; (7) Consulting Leadership: Kurt Salmon, FTI and Towers Watson; and (8) Thought Leadership: HEDD and BCG. (1,890 words)...More

Table of Contents: (1) 2014 Brazil IT Consulting Rates; (2) BCG Digital Ventures Acquires Australian Strategic Design Consultancy, S&C; (3) Argentina's Grupo ASSA Forms Strategic Alliances with West Monroe Partners and BearingPoint; (5) PKF Consulting Acquired by CBRE; (6) Consulting Leadership: BCG, Deloitte and FTI; and (7) Thought Leadership: PwC and BCG. (1,315 words)...More

Table of Contents: (1) IT Strategy Consulting - Practice Leadership Quadrant; (2) China State-Owned Entities Ban US Consulting Firms; (3) RLH Equity Sells Cymetrix to Navigant; (4) Accenture Completes Acquisition of Italy's i4C Analytics; Reaches Agreement to Acquire Enkitec; (5) Introducing MR/CN - Monadnock Research Real-Time Consulting Industry News; (6) Consulting Leadership: BCG, Deloitte, PwC, FTI and Prophet; (7) Thought Leadership: PwC, Bersin by Deloitte and FTI. (1,345 words)...More

Table of Contents: (1) KPMG Acquires Michigan-Based Restructuring Advisor, BBK; (2) EY Buys SAP Supply Chain Consultancy, LogiStar; (3) Huron Closes Vonlay Transaction; (4) Oracle ERP Consultancy, Trecata, Acquired by KPMG; (5) Consulting Leadership: Accenture, Bain, Navigant, CRA, FTI and PKF; (6) Thought Leadership: BCG, PwC, APICS and Accenture. (1,700 words)...More

Table of Contents: (1) Monadnock Research Publishes McKinsey & Co. Global Rates and Firm Profile; (2) PwC Completes Combination with Booz&Co: Changes Name to "Strategy&"; (3) Accenture Reports Flat Net Consulting Revenues, Record Bookings; (4) MF Global Trustee Sues PwC for $2+ Billion for Alleged Malpractice and Negligence; (5) Segal Group Signs Agreement with Towers Watson; (6) Navigant Acquires Leerink Swann; (7) Consulting Leadership: FTI Consulting, A.T. Kearney, Towers Watson, Charles River Associates, Telos, Navigant and Deloitte; and (8) Thought Leadership: Bain and PwC. (2,050 words)...More

Table of Contents: (1) Cyber Security Specialist Accuvant to Be Acquired by the Blackstone Group; (2) Gartner Acquires Software Advice; (3) PwC Acquires BI and EPM Specialist, Biond Consulting; (4) Convergys Completes $820 million Merger with Stream Global Services; (5) Accenture Closes evopro group Transaction; (6) PwC Buys Canadian Immigration Law Firm; (7) KPMG Completes Cynergy Systems Acquisition; (8) PwC Completes Acquisition of Minnesota Privacy Consultants; (9) Capita Posts Strong Growth in Revenues and Bookings; (10) Appointments: A.L. Nellum, Korn Ferry, PwC and Navigant; and (11) Thought Leadership: Bain. (1,600 words)...More

Table of Contents: (1) KPMG Global Chair Steps Down for Health Reasons; John Veihmeyer to Succeed Michael Andrew; (2) Capgemini 2013 Consulting Revenues Decline by 7.5% in 2013; (3) Deloitte Enters Strategic Alliance with NetSuite; (4) FTI Consulting a Challenging Start for Former BCG Executive; (5) KPMG India Bribery and Corruption Advisory Inquiries up Over 185 Percent; (6) West Monroe Partners Acquires CRM and Analytics Consultancy, Madrona Solutions; (7) Accenture and Samsung Form Strategic Alliance; (8) Appointments: Buck, BDO and Capgemini; and (9) Thought Leadership: Accenture and PwC. (1,845 words)...More

FTI Consulting Group has acquired C2 Group, a government relations advisory and lobbying firm based in Washington, D.C. FTI says the addition of C2 will expand its public affairs offering within the firm's Strategic Communications practice in the US by expanding services into government relations and direct advocacy. FTI expects the combination will help expand the firm's global public affairs offering, adding focused expertise in the energy, financial services, healthcare, tax policy and transportation sectors. C2 Group clients include PepsiCo, Comcast/NBCU, eBay, Porsche, AXA and 7-Eleven. (575 words)...More

FTI Consulting has acquired the Salter Group, a leading financial and strategic advisory specializing in business and intangible asset valuations, primarily serving clients in entertainment, media and life sciences. The Salter Group has completed more than 1,350 projects performing valuations on $145 billion in asset values since its 2003 founding across a range of industries and geographies. Salter Group's founding Principals, Roy Salter, Eric Briggs and Patrick Russo, will lead and expand the global Valuation and Financial Advisory Service group within the FTI's Corporate Finance/Restructuring segment. (425 words)...More

Roland Berger opens offices in Jakarta, Dubai and Lagos; Appoints 26 new international Partners; Partners elect two new Supervisory Board Members. Simon-Kucher appoints 8 new Partners. FTI opens new office in Jakarta. Rebecca Szelc joins Charles River as a Vice President in Financial Accounting & Valuation practice. Linda Zimmerman joins Aon Hewitt as Senior Vice President and Global Marketing Leader. KPMG appoints Janet Davidson as Head of the Global Healthcare Center of Excellence. PricewaterhouseCoopers names Erik Hansen as Partner in Risk Assurance Services practice; Pamela F. Olson joins as Deputy Tax Leader and Leader of Washington National Tax Services practice. Capgemini Appoints Dee Burger as Telecom, Media and Entertainment Practice Sector Lead and Jean-Marc Steffann as Vice President. Navigant appoints Jim Vint Managing Director, and Kevin Blake and Kevin Byrne as Directors within the Technology Solutions practice; Karin Corfee as Managing Director in Energy Practice. Er...More

(MR) Infosys says whistleblower's allegations inaccurate; Announces quarterly results. FTI Consulting launches international arbitration service in Singapore. BearingPoint Directors to face $1.88 billion suit. Capgemini introduces social media IT service to complement its "Social Insight into Action" consulting. Navigant announces results that beat analyst estimates. Navigant acquires Ignited Discovery. Porsche Consulting to establish US subsidiary in Atlanta. IBM Announces New Innovation Lab Dedicated To Technology Services. (1040 words)...More

MR - Ernst & Young announces 548 new partners worldwide; Appoints Herb Engert as the new Americas Leader of Strategic Growth Markets. KPMG International Chairman-elect, Michael Andrew, appoints global leadership team. Accenture names Paul Daugherty as Chief Technology Architect and Gavin Michael Chief Technology Innovation Officer. Accenture has also named Jorge Benitez managing director -- North America and Chief Executive. Capgemini will train 1,500 architects and developers globally on the Windows Asure cloud platform to support new partnership. Aon Appoints Greg Besio as Chief Human Resources Officer. BCG named former ING Group COO, Thomas J. McInerney, as Senior Advisor. PwC US Appoints Robert W. McCutcheon as New Industrial Products. Leader. Energy Expert Scott Bloomberg Joins NERA Economic Consulting. BearingPoint appoints 6 new Partners. Deloitte appoints Chris Harrop to lead nuclear capital programs. Navigant appoints William Hardin within Disputes & Investigations pra...More

MR - Deloitte LLP elects Punit Renjen Chairman and Joseph Echevarria CEO; Jim Moffatt, Chairman and CEO of Deloitte Consulting LLP; Carl S. Allegretti as Chairman and CEO Deloitte Tax LLP; General Charles F. Wald as Director and US Department of Defense (DoD) consulting practice lead; and Deloitte's UK affiliate names 63 new partners. Richard Neiman joins PricewaterhouseCoopers as Vice Chairman of Global Financial Services Regulatory practice; Dr. Harry Broadman appointed Managing Director, Chief Economist and Leader of the Emerging Markets, Governance, and International Investment & Trade advisory practice group within PwC Forensics Services; and Keith Hubert, Managing Partner of the Hartford, Conn. office and leader, and leader of PwC's Northeast Insurance Services practice. Jimmy Johansen appointed Head of Mercer's Nordic International Consulting Group and International Leadership Group Member for EMEA; Michael Shore joins Mercer as Principal in Information ...More

MR - Deloitte LLP elects Joseph Echevarria CEO and Punit Renjen Chairman; Harry Greenspun, M.D., joins Deloitte Center for Health Solutions; Bob Contri appointed U.S. financial services industry group leader. FTI Consulting appoints William M. Isaac as Senior Managing Director and head of the Financial Institutions Group. Kareem El-Alaily and Mark Klupt join Censeo as Principals; Steve Krauss joins as Corporate Development Officer; Barbara Meachin joins as Director of Professional Development; Dr. Timothy Laseter transitions from COO to commercial practice leader. Jonathan Dharmapalan appointed to lead Ernst & Young Global Telecom Center. CSC has named Alisoun Moore vice president and general manager for its North American Public Sector (NPS) Health Services Division. Greg Campanella and Kevin McHugh join Navigant Capital Advisors' Valuation & Financial Risk Management practice as Managing Directors. Capgemini Government Solutions has named Sandra Gillespie a Vice President in...More

MR - FTI Consulting has rebranded its real estate and construction practices, FTI Schonbraun McCann Group and FTI Brewer, adopting the FTI Consulting brand. The move follows the firm's "one brand" strategy, where FTI Consulting will convert substantially all of its acquired firms to the FTI Consulting brand and present itself consistently to clients globally. FTI Schonbraun McCann Group provides real estate and finance consulting, offering integrated financial, tax, and real estate services for clients with underlying value in real estate operations and assets. FTI Brewer is a leading provider of commercial and dispute resolution services to the construction and engineering sectors. (475 words)...More

MR - The liquidity crisis at LECG is forcing a fast liquidation of assets to repay its $27.8 million credit facility to the Bank of Montreal and other syndicate banks by the end of March. Over the last two weeks LECG has closed a transaction and announced additional deals with FTI Consulting. It and has also sold an operation to Grant Thornton and has agreed to the terms of a deal with the U.S. affiliate of global accounting and advisory services firm Mazars Group. When LECG's term credit facility matures in less than two weeks, it will likely have insufficient cash to repay at least $15 million of the balance. So it is rushing to sell assets as quickly as possible. LECG says it will continue to negotiate transactions for all practice groups remaining. It will use the proceeds to repay the principal outstanding under its credit facility, and any balance remaining to make payments to other creditors and shareholders. While preferred stockholders may get something, management does not an...More

MR - FTI Consulting has acquired the International Arbitration and Airline Competition practices of LECG Corp. FTI also confirms that it continues to evaluate the possible acquisition of several additional LECG practice groups, but is not negotiating to acquire the entire firm. No definitive agreement has been entered into with respect to the other practice group transactions under discussion, and no assurance is being given that any other agreement will be signed or that any additional LECG practices will be acquired. (260 words)...More