LEGG CRP : LECG and NewOak Capital LLC Announce Affiliate Relationship to Bolster Penetration in Financial Services Market

LECG (NASDAQ:XPRT), a global expert, financial and business advisory services firm, and NewOak Capital, a Manhattan-based financial advisory and solutions consulting firm, today announced an affiliate relationship to provide a broader and deeper scope of services to the burgeoning financial services industry. The two firms formalized their relationship, which has been developing over the past two years, and already has resulted in new client engagements in financial services consulting and litigation matters.

?The combination of government intervention, the financial recovery, and the effects of what we call the ?collaboration age' have created more tumult for the financial industry of the past three years than in the previous fifty,? said LECG CEO Steve Samek. ?LECG has a long history of working with banks and other financial clients who currently face a litany of complex, valuation-related challenges. The relationship with NewOak Capital will allow us to offer our clients a greater range of services focused on the dramatically restructured financial services industry. We have already seen LECG collaborating on engagements with NewOak Capital on three significant matters with combined billings in excess of $2 million and we expect more to come,? he added.

?NewOak Capital has differentiated itself by developing a reality-based, forward-looking, fundamental approach to credit analysis that leverages significant investments in technology, intellectual and human capital,? says Chad Burhance, Managing Director, and Head of NewOak Capital's Solutions division. ?This allows us to provide deep forensic capability to support ongoing matters and initiatives related to the credit integrity. We believe these enhanced service capabilities through this relationship will expand greatly our joint positions in the market. Both firms have significant relationships in the banking, insurance, asset management, specialty finance, private equity, workout and law firm markets, and we expect to be able to offer an integrated suite of solutions unlike any other firm in the market today.?

To date, NewOak Capital has been engaged to evaluate or analyze over $300 billion of complex structured securities, and portfolios of residential and commercial mortgages and consumer finance loans. The firm's expertise spans the structuring, distribution, collateral management, and valuation of complex assets across fixed income including RMBS, CMBS, ABS, CLO, CDO, and specialty finance sectors.

LECG's global, domestic and regional financial services capabilities include securities litigation, complex damages analysis, expert testimony, retail securities analysis, forensic accounting and investigative services, banking regulatory compliance consulting, fraud detection, risk management assessments and remediation for mortgage brokers, data warehousing development, capital adequacy, technology solutions, IT sourcing, and trust accounting. The firm has worked with half of the top 10 global banks, 92 of the AMLAW 100 law firms, and carriers representing 75% of the US insurance and reinsurance markets.

About LECG

LECG is a global litigation; economics; consulting and business advisory; and governance, assurance, and tax expert services firm with approximately 1,200 employees in 33 offices. We provide independent expert testimony, original authoritative studies, strategic financial advisory services, and innovative business consulting solutions. Attest services are provided through Smart and Associates, LLP, pursuant to an alternative practice structure. LECG is not a licensed CPA firm. For more information, visit www.lecg.com.

About NewOak Capital LLC

NewOak Capital's Solutions platform offers client's capabilities spanning valuation and risk analysis of complex, structured credit, fixed income securities and underlying collateral loans, especially in illiquid and hard-to-price assets. By combining our capital markets and investment expertise, we provide services that help clients across the entire investment process. NewOak's enterprise valuation and risk platform, OpenRisk? and Stratus?, its proprietary collateral management service, provides leading analytical and portfolio construction services to institutional investors and managers. We have been engaged by many principal holders, counterparties, and law firms and litigation support firms to assist with various analyses on valuation, risks, and legal matters relating to these securities and industry practices.

NewOak Capital also maintains an asset management and capital markets platform and is organized to serve as an ally to institutions in addressing the challenges of the global credit markets. For more information, visit www.newoakcapital.com.

Disclaimer:

Securities products are provided by NewOak Capital Markets LLC, a registered broker-dealer and member of the Financial Industry Regulatory Authority. NewOak Capital LLC is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority or any state securities regulatory authority. Presently, NewOak Capital LLC is exempt from federal registration as an investment adviser because it does not provide "continuous and regular supervisory or management services" contemplated by the definition of "investment adviser" under the Investment Advisers Act of 1940. No information contained herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security, or fund. Any sale or purchase of securities or ownership interest that results from information presented herein will be on a negotiated basis between the parties.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "expects", "will", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could", or "might" occur.

Non-factual statements contained in this press release, including those regarding possible future events, constitute only subjective views and/or present intentions; are not representations or warranties; and are subject to change. NewOak Capital LLC's views or intentions with respect to purchases or sales of particular securities in the future may change. Sector and security recommendations may change. NewOak Capital LLC obtained certain information from third party sources that NewOak Capital LLC believes are reliable, but NewOak Capital LLC has not independently verified the information and cannot guarantee its accuracy or completeness. Indices are for illustrative purposes only; are unmanaged; assume reinvestment of income; do not represent the performance of actual accounts; and have limitations when used for comparison or other purposes because they may have different volatility, credit, or other material characteristics (such as number or types of securities). One cannot invest directly in an index. Do not assume that every account advised by NewOak Capital LLC holds particular securities mentioned.

LECG
Annie Leschin
Investor Relations
415-775-1788
investor@lecg.com
or
NewOak Capital
Marisa D'Vari
Managing Director of Corporate Communications
212-209-0847 office
917-361-8843 cell
mdvari@NewOakCapital.com
www.newoakcapital.com