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Leading Financial Restructuring Team Joins Firm

March 14, 2007

CONNECTICUT (March 14, 2007) Bracewell & Giuliani LLP announced today that Evan D. Flaschen and Gregory W. Nye will join the firm as partners.  Both are currently partners in the Financial Restructuring Group at Bingham McCutchen LLP. It is expected that a number of financial restructuring attorneys from Bingham will follow Mr. Flaschen and Mr. Nye in their move to Bracewell.

This addition provides Bracewell with one of the most highly regarded financial restructuring practices in the world and adds depth to Bracewell's private funds practice, which includes representing "special situations" and distressed investment funds. Mr. Flaschen and Mr. Nye represent hedge and private equity funds, institutional investors, secured lenders, insurance companies and other financial institutions, as well as acquirers of distressed assets, in complex workouts and insolvency matters, with a particular emphasis on major corporate and multinational restructurings.

“With the arrival of Evan and Greg, we’ve taken the logical next step toward broadening our practice offerings in the New York region and deepening our financial restructuring practice," said Patrick C. Oxford, managing partner of Bracewell & Giuliani.

“Their arrival highlights our continuing focus on adding top talent in key practice areas throughout the firm. Moreover, this shows that our client-driven growth strategy in New York continues to be very successful. The seed we planted two years ago when we opened in New York with Rudy Giuliani as our new named partner continues to bear substantial fruit,” said Mr. Oxford.

Bracewell’s latest addition adds to its growing global capabilities. Mr. Flaschen has been named twice to Euromoney's list of the Top 25 “Best of the Best” insolvency lawyers in the world. In addition, he was the only U.S. restructuring lawyer included in Asialaw’s “Leading Lawyers 2006.”

"Greg and I are very excited to join Bracewell & Giuliani. Bracewell is not only a world class law firm, but also a true partnership where the needs of the clients and the people always come first," said Mr. Flaschen.