GALLAGHER & KENNEDY FORMS NEW ECONOMIC RESPONSE TEAM

PHOENIX, Ariz. (January 8, 2009) – On the heels of today’s Congressional Budget Office’s report on the economy forecasting continued sluggishness and increased uncertainty, Gallagher & Kennedy is poised to meet the demand of legal help related to foreclosures, refinancing, bankruptcies and layoffs. The CBO predicted that the recession will extend through 2009 and likely into 2010 and the country will see unemployment rise to nearly 9% while a further 14% drop in home prices will result in increased foreclosures.

Gallagher and Kennedy’s newly formed Economic Response Team has the experience to advise and assist individuals and businesses with the following needs:

• Refinancing, restructuring or workout of loans, notes, guarantees or ownership of distressed properties
• Market value analysis for acquisition, collateralization or disposal of real property and businesses
• Acquisitions or disposition of real property
• Environmental due diligence
• Appeals of property tax assessments
• Foreclosure and foreclosure prevention, including tax consequence and tax avoidance
• Pre-bankruptcy planning and bankruptcy administration
• Individual asset protection, including estate and trust planning and tax planning
• Business reorganization and restructuring
• Analysis of land entitlements, zoning rights or development agreements, including potential deadlines and conditions
• Administration and oversight of conservatorships or receiverships
• Counseling with employers on the development and execution of layoffs, reductions in force, and other workplace contractions
• Risk management, contract enforcement and litigation matters