FTI Consulting, the global business advisory firm, has acquired the International Arbitration and Airline Competition practices of LECG Corporation. The terms of the transactions were not disclosed.

FTI Consulting also confirmed it continues to evaluate the possible acquisition of several additional practice groups from LECG.

No definitive agreement has been entered into with respect to the other practice group transactions under discussion, and accordingly no assurance can be given that any agreement will be signed or any other LECG practice groups will be acquired.

FTI Consulting does not intend to make any further announcements or communications regarding discussions with LECG until either a definitive agreement has been reached or discussions are terminated without any agreement being reached.

Source:  Top-Consultant

No definitive agreement has been entered into with respect to the transactions under discussion, and accordingly no assurance can be given that any agreement will be signed or any practice group will be acquired.

FTI Consulting does not intend to make any further announcements or communications regarding discussions with LECG until either a definitive agreement has been reached or discussions are terminated without any agreement being reached.

In the past one year LECG stock has fallen 68% amid falling revenue and rising expenses.

In early February LECG said it was in talks with an undisclosed company for the sale of the entire firm. LECG said its adviser William Blair & Co is also evaluating other restructuring possibilities.

Source: Top-Consultant

Bourne Business Consulting LLP has been acquired by LECG Corporation for an initial consideration of GBP 2.75 million plus contingent consideration over the next four years.

Equiteq LLP, a specialist merger and acquisition (M&A) firm in the consulting and IT services sector, was lead advisor to Bourne in the sale, which adds Bourne’s UK asset taxation expertise to LECG’s global financial and economic advisory capability.

Equiteq’s Managing Partner Paul Collins said: “Having been equity growth advisors to Bourne since 2003, we are now delighted to bring these two companies together. LECG is a perfect fit for Bourne and the deal will produce significant synergistic benefits for both parties. The sale of an LLP to a major corporation is a rare event, but having sold another LLP early in 2010, we were able to navigate the complexities and bring it to a successful completion within 6 months.”

Commenting on the deal, Bourne’s Managing Partner, Philip Feibusch said: “We are delighted to be joining LECG and could not have achieved this without Equiteq.”

Source: Top-Consultant