Press Releases

The Deal confirms the most active creditor crisis management consultants are from FTI

WEST PALM BEACH, Fla., Dec. 29 /PRNewswire-FirstCall/ -- FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that it leads The Deal's quarterly scorecard of crisis management firms. The latest league tables from The Deal, which appeared in the November 11 issue, demonstrate that FTI Consulting remains unmatched in crisis management with 129 active engagements as of September 30, 2008. With over 50 percent more cases than the next most active firm, FTI has emerged as a top leader in the league tables since the rankings' initial launch, and has been named the number one Crisis Management Firm in The Deal's expanded tables for the past five quarters.

Overall, the latest tables demonstrate that the clear partner of choice for companies facing crisis is FTI Consulting, Inc., which has 30 percent more restructuring and crisis management engagements than a year ago. For the first nine months of 2008, FTI's Corporate Finance/Restructuring segment reported revenue of $267.2 million, up 42.2 percent over the prior year.

"We have expanded our leadership in restructuring and crisis management through a combination of continued dedication to our clients and the expansion of our resources to help us ensure that each engagement receives unsurpassed support," said DeLain Gray, Senior Managing Director and head of FTI's Corporate Finance/Restructuring segment. "In the current economic climate, companies facing a crisis or firms in need of turnaround expertise require the support of professionals who have decades of experience, appropriate resources and the confidence of investors, boards of directors and creditors. FTI's teams deliver a full breadth of services and these league tables demonstrate the response from the marketplace."

The Deal rankings also confirmed that of the most active restructuring and crisis management consultants in the industry, nine of these highly skilled professionals are from FTI. Moreover, while The Deal's Bankruptcy League Tables demonstrate that FTI is the clear leader in terms of open and active bankruptcy matters, the company is also involved in a considerable number of out-of-court matters, which draw upon FTI's strength in financial and operational restructuring to assist businesses in crisis.

                        Top Creditor Crisis Management Firms

    Crisis management firm                          No. of active cases
    FTI Consulting Inc.                                    129
    GlassRatner Advisory & Capital Group LLC                79
    Alvarez & Marsal LLC                                    71
    Traxi LLC                                               40
    Capstone Advisory Group LLC                             33
    Bridge Associates LLC                                   30
    Focus Management Group                                  26
    Huron Consulting Group Inc.                             26
    CRG Partners Group LLC                                  23
    AlixPartners LLC                                        22
    NachmanHaysBrownstein Inc.                              22
    Kroll Zolfo Cooper LLC                                  21
    Executive Sounding Board Associates Inc.                17
    Clear Thinking Group LLC                                14
    Development Specialists Inc.                            14

    *Source: Bankruptcyinsider.com / The Deal



                           Top Crisis Management Professionals

    Adviser                   Firm                             Assignments
    Glass, Ronald             GlassRatner Advisory & Capital
                               Group LLC                            50
    Shandler, Chad            Traxi LLC                             24
    Mandarino, Perry          Traxi LLC                             22
    Schnelling, Anthony H.N.  Bridge Associates LLC                 21
    Eisenband, Michael        FTI Consulting Inc.                   19
    Ratner, Ian               GlassRatner Advisory & Capital
                               Group LLC                            16
    Star, Samuel E.           FTI Consulting Inc.                   16
    Gavin, Edward             NachmanHaysBrownstein Inc.            15
    Greenspan, Ron            FTI Consulting Inc.                   14
    Duffy, Bob                FTI Consulting Inc.                   14
    Joffe, Steven             FTI Consulting Inc.                   14
    Myers, Joseph             Clear Thinking Group LLC              11
    Granger, Jeffrey          Focus Management Group                10
    Gray, Stephen             CRG Partners Group LLC                10
    Dragelin, Tim             FTI Consulting Inc.                    9
    Tucker, Michael           FTI Consulting Inc.                    9
    Nolan, Bill               FTI Consulting Inc.                    9
    Medlin, J. Robert         FTI Consulting Inc.                    9
    Roberts, Mark             Alvarez & Marsal LLC                   9

    *Source: Bankruptcyinsider.com / The Deal

    About FTI Consulting

FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 3,000 employees located in most major business centers in the world, we work closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. More information can be found at www.fticonsulting.com.

Safe Harbor Statement

This press release may include "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 that involve uncertainties and risks. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenues, future results and performance, expectations, plans or intentions relating to acquisitions and other matters, business trends and other information that is not historical, including statements regarding estimates of our future financial results. When used in this press release, words such as "estimates," "expects," "anticipates," "projects," "plans," "intends," "believes," "forecasts" and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements, including, without limitation, estimates of our future financial results, are based upon our expectations at the time we make them and various assumptions. Our expectations, beliefs and projections are expressed in good faith, and we believe there is a reasonable basis for them. However, there can be no assurance that management's expectations, beliefs and projections will result or be achieved or that actual results will not differ from expectations. The Company has experienced fluctuating revenue, operating income and cash flow in some prior periods and expects this will occur from time to time in the future. Other factors that could cause such differences include the pace and timing of the consummation and integration of past and future acquisitions, the Company's ability to realize cost savings and efficiencies, competitive and general economic conditions, retention of staff and clients and other risks described under the heading "Item 1A. Risk Factors" in the Company's most recent Form 10-K and in the Company's other filings with the Securities and Exchange Commission. We are under no duty to update any of the forward-looking statements to conform such statements to actual results or events and do not intend to do so.

SOURCE FTI Consulting, Inc.

CONTACT: AT FTI CONSULTING: Jack Dunn, President & CEO, +1-410-951-4800; or AT FD: Media, Andy Maas, +1-212-850-5600