FTI to buy most remaining global assets of LECG

Latest deal follows earlier acquisition

March 15, 2011|By Andrea K. Walker, The Baltimore Sun

Baltimore-based FTI Consulting Inc. said Tuesday that it plans to acquire three practices from LECG Corp. — the majority of its remaining European operations — for an undisclosed amount.

FTI is acquiring LECG Corp.'s market-leading competition policy practice, financial advisory services practice and tax consultancy group.

FTI, which provides business services ranging from forensic accounting to corporate restructuring, purchased LECG's international arbitration and airline competition practices earlier this year. At the time, FTI said it was considering the acquisition of several other divisions of the Pennsylvania-based LECG, which was pressed into a sale by an impending deadline to repay about $28 million in outstanding principal for a maturing loan.

The current sale must meet certain closing conditions.


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