LECG XPRT and NewOak Capital have announced an affiliate relationship to provide a broader scope of services to the financial services industry.
The two firms have formalized their relationship, which has been developing over the past two years. The partnership has resulted in new client engagements in financial services consulting and litigation matters. LECG said its collaborated on projects with NewOak Capital that are of over $2 million and we expect more to come.
“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,” LECG CEO Steve Samek said.
To date, NewOak has been engaged to evaluate or analyze more than $300 billion of complex structured securities, and residential and commercial mortgage portfolios and consumer finance loans.
The firm’s focus includes the structuring, distribution, collateral management, and valuation of complex assets across the fixed-income market, 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, and fraud detection, among other things.