SOURCE: LECG Corporation

April 17, 2007 14:45 ET

LECG Adds Leading Real Estate Litigation and Transactional Consultant Thomas Kabat to Lead Firm's Global Real Estate Practice Growth

Kabat Joins From PricewaterhouseCoopers as Managing Director of LECG's Phoenix Office; Longtime Valuation and Damages Expert Has Advised on More Than 100 Real Estate Litigation Matters; Kabat Noted for Evaluating Properties Facing Complex Environmental, Regulatory, and Other Adverse Conditions; LECG Also Adds Noted Engineering and Construction Industry Expert Wayne Kalayjian as Director in LA Office

EMERYVILLE, CA -- (MARKET WIRE) -- April 17, 2007 -- Leading global expert services and strategic advisory firm LECG (NASDAQ: XPRT) announced the addition of Thomas Kabat, an authority on real estate valuation and quantification of damages in real estate litigation, to help direct the firm's global real estate practice.

Mr. Kabat joins from PricewaterhouseCoopers LLP, where he was national practice leader of PwC's real estate litigation support practice and leader of its Phoenix advisory services group. Mr. Kabat, a longtime Phoenix resident, becomes managing director of LECG's Phoenix office.

Also joining LECG's real estate and construction practice from PwC is Wayne Kalayjian, a licensed professional engineer and expert in construction costs and investigations. Mr. Kalayjian becomes a director in LECG's Los Angeles office.

Mr. Kabat and Mr. Kalayjian join a distinguished national group of LECG real estate professionals, including Anthony Sanders (mortgage finance) in Phoenix, Stephen Sellick (environment, mass tort, insurance claims) in Washington, DC; Michael Hostettler (construction) and John Hekman (finance) in Los Angeles, CA; Philip Cook (complex damages and condemnation) in Salt Lake City, UT; Thomas Randlett (forensic accounting, GAAP, GAAS) in Emeryville, CA; and Cary Mack (complex economic loss) in San Diego, CA.

As a real estate consultant, appraiser, and economist, Mr. Kabat has been called on to assess commercial and residential properties in virtually every major US metropolitan market. He brings particular expertise in real estate disputes, providing analysis in property value diminution in commercial and industrial property litigation, class actions, condemnation, and regulatory takings, as well as contract, partnership, and joint venture disputes.

Mr. Kabat has extensive experience in evaluating properties affected by environmental, regulatory, and adverse physical conditions, including problems caused by site contamination, as well as natural disaster. Another major area of concentration is working on easement and right-of-way disputes involving energy, transportation, and telecommunications companies, including oil and gas pipelines and railway corridors.

Mr. Kabat's knowledge of real estate covers a broad range of assets, from investment grade properties to residential land to industrial redevelopment sites. He has provided consultation and expert testimony in more than 100 litigation matters before federal and state courts, arbitration panels, and regulatory agencies, working with many of the nation's leading law firms.

Beyond litigation, Mr. Kabat regularly advises on real estate transactions, evaluating and appraising properties for acquisition, investment purposes, loans, and other types of financings. He has worked on the purchase and sale of office towers, apartment complexes, hotels, shopping centers, large manufacturing and storage facilities, mixed-use projects, and land assets.

With more than 1,000 professionals in 36 offices internationally, LECG provides expert and research-advisory services to corporations, law firms, and government entities. In addition to serving as experts in complex litigation and business disputes, LEGC professionals produce original economic and financial analysis to help clients in legislative, regulatory, and judicial matters, as well as in improving operations and increasing market share.

"Real estate has become such a major focus of financial advisory services, affecting businesses on so many levels, from how they expand into new markets to how they cope with exposures to economic downturns and natural calamities," said LECG Chairman David Teece.

"We are fortunate in gaining professionals such as Tom Kabat and Wayne Kalayjian, with vast experience across the real estate and construction industries," Dr. Teece added.

"Tom is someone who can perform complex due diligence in a multi-party merger as comfortably as he can calculate the damage caused by a leaking underground storage tank or assess the impact of a fiber optic cable easement beneath a public highway. His talents as a real estate property consultant, expert witness, and transactional adviser are a great boost to our practice, and we look to his leadership in helping further elevate LECG's eminence in real estate advisory services," Dr. Teece said.

Mr. Kabat noted that that Dr. Teece was a major factor in persuading him to join LECG. "David took the time and effort to personally convince me to make this move," he said. "He has turned LECG into a global force in delivering world-class financial and economic services, along with expert testimony. The firm has tremendous depth in many disciplines invaluable to my clients, and I've been especially impressed with the professionals in place in the real estate practice. I look forward to helping lead this excellent group to a new level of recognition."

Mr. Kabat is a designated member of the Appraisal Institute, the Counselors of Real Estate and the CCIM Institute, as well as an associate member of the American Planning Association, Lambda Alpha International, Urban Land Institute, and the American Bar Association. He is a certified general real estate appraiser in numerous states and the District of Columbia.

Mr. Kabat is a graduate of the University of Pennsylvania and the University of Wisconsin-Madison.

Note on Wayne Kalavjjian: Mr. Kalayjian has over 25 years of construction industry experience, with specialties in cost investigations and project audits, defect actions, cost estimating, financial controls, organizational change, and process improvement.

Mr. Kalayjian is a licensed civil and structural engineer in several states, and is qualified as a construction damages and liability expert in federal and state courts across the country. He holds degrees in civil engineering and geology from Tufts University, structural and earthquake engineering from Stanford University, and business management from the Massachusetts Institute of Technology.

About LECG

LECG is a global expert services firm with over 1000 experts and professionals in 36 offices around the world. The firm provides independent expert testimony, original authoritative studies, and strategic advisory services to clients including Fortune Global 500 corporations, major law firms, and local, state, and federal governments and agencies. LECG's experts and professional staff conduct economic and financial analyses to provide objective opinions and advice that help resolve complex disputes and inform legislative, judicial, regulatory, and business decision makers. LECG's experts are renowned academics, former senior government officials, experienced industry leaders, and seasoned consultants. (NASDAQ: XPRT). For more, visit

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