King & Spalding Expands Houston Bankruptcy Practice With Arrival of Partner Henry Kaim

HOUSTON, TX--(Marketwire - August 1, 2007) - King & Spalding, a leading international law firm, announced today the continued expansion of its financial restructuring practice in Houston with the addition of noted bankruptcy lawyer Henry J. Kaim as a partner. Kaim, a renowned figure in the Texas legal market and national bankruptcy bar, has an extensive background in bankruptcy law, with preeminence in debtor-side representation.

King & Spalding established a financial restructuring capability in Houston in May of this year to complement existing practices in Atlanta and New York, with the arrival of senior counsels Myron (Mickey) Sheinfeld and Jarrel (Jerry) McDaniel.

"We are pleased to welcome Henry to King & Spalding," said Robert E. (Bobby) Meadows, managing partner of King & Spalding's Houston office. "He is an exceptional lawyer who will add depth to the representation we provide our clients."

Kaim joins King & Spalding from Bracewell & Giuliani LLP, where he was a partner.

Kaim, who was co-head of the financial restructuring and bankruptcy section of his previous firm, represents and counsels business clients in all aspects of out-of-court financial restructurings, as well as Chapter 11 reorganizations, including the negotiation of complex plans of reorganization and the litigation of contested matters and adversary proceedings. For the past 18 years, he has practiced exclusively in business bankruptcy law, representing Chapter 11 debtors in possession, creditors' committees, secured creditors, landlords and acquirers in bankruptcy, across a broad array of industries.

Kaim earned a B.A. degree from Southern Methodist University, and a J.D. degree from the University of Houston Law Center. He is a fellow of the American College of Bankruptcy, a member of the American Bankruptcy Institute and an adjunct professor at the University of Houston Law Center.

Paul K. Ferdinands, leader of King & Spalding's financial restructuring practice, said, "Henry's skill and experience in bankruptcy law will add value to the services we provide our clients, especially in debtor-side representations. The firm and our clients are very fortunate to have Henry as a member of the King & Spalding team."

King & Spalding boasts one of the nation's preeminent financial restructuring practices. It provides valuable knowledge and in-depth experience to virtually all facets of corporate reorganizations, in-court and out-of-court debt restructuring, bankruptcy and insolvency litigation, and distressed asset mergers and acquisitions. This practice is regularly retained in large bankruptcy matters and workouts to represent debtors, trustees, creditors' committees, institutional lenders, other critical creditors and parties-in-interest, and potential acquirers of businesses and large assets.

The Houston office of King & Spalding, with more than 100 lawyers, provides a variety of services to clients the world over. Chief among its practices are those focusing on litigation and transactional law, especially energy, international arbitration and Latin American matters.

Note to Editors: For a photo of Henry J. Kaim, please contact Kimberly Brooks at 212-827-4378 or kbrooks@kslaw.com.

About King & Spalding

King & Spalding is an international law firm with more than 800 lawyers in Atlanta, Charlotte, Dubai, Houston, London, New York, Riyadh (affiliated office) and Washington, D.C. The firm represents half of the Fortune 100, and in a Corporate Counsel survey in August 2006 ranked as one of the top ten firms representing Fortune 250 companies overall. For additional information, visit www.kslaw.com.

Contact Information: Contact: Kimberly Brooks King & Spalding Ph (212) 827-4378