King & Spalding Is Top Choice for Corporate Governance Matters According to National Survey by Directors & Boards Magazine

NEW YORK, NY--(Marketwire - September 23, 2008) - King & Spalding, a leading international law firm, is the top single choice in the nation to represent a board or a director on any matter related to corporate governance according to a survey released this month by Directors & Boards magazine. The results of the second annual Top Corporate Governance Law Firms Survey were based on the responses of 408 directors/board members to a reader questionnaire issued this past July.

In addition to the overall preference rating, three primary categories of director-level legal concerns were polled: best in dealing with general corporate governance issues; best in dealing with director liability issues; and best in dealing with board-level M&A issues. Besides being the overall top-pick, King & Spalding earned top rankings in the three other categories. The firm placed No. 2 in general corporate governance, No. 3 in director liability and No. 4 in board-level M&A.

"King & Spalding is gratified that corporate board members, chairmen, CEOs and other senior management identified us as a firm they trust for a wide range of corporate governance matters," said C. William Baxley, a partner and co-head of King & Spalding's M&A/Corporate Governance practice. "These rankings acknowledge the firm's breadth and depth of experience, along with our reputation for superb client service."

Boards & Directors publishing director, David Shaw, said: "We did not provide a list of firms from which to choose, but rather asked survey respondents to fill in up to three law firms in each category. This unaided response is more valuable and more real, in our opinion. Additionally, we masked out responses from non-directors or company executives to ensure that only board members and senior management opinions were included out of the total 408 respondents to the survey."

Since the enactment of the Sarbanes-Oxley Act in July 2002, King & Spalding has been deeply involved in helping its clients to evaluate and implement the new legislation and complex regulations adopted by the SEC, stock exchanges and accounting profession. Through a specially created "task force" of partners from a wide range of practice areas, including corporate, securities, tax, compensation and benefits, employment law, and litigation, King & Spalding advises public companies, directors, board committees and management on a broad array of governance issues. King & Spalding also has created, with Tapestry Networks, the Lead Director Network, which brings together a group of lead directors, presiding directors and non-executive chairmen from many of America's leading companies for private discussions about how to improve the performance of their corporations and earn the trust of their shareholders through more effective leadership.

Full details of the Directors & Boards corporate governance survey results, including complete demographic profiles of the respondents (average company revenues, board size, respondents' age, etc.) and director preferences related to general and outside counsel, personal liability, and desired law firm attributes, will be published later this week in Directors & Boards Boardroom Briefing: The Legal Issue.

About King & Spalding

King & Spalding is an international law firm with more than 800 lawyers in Abu Dhabi, Atlanta, Austin, Charlotte, Dubai, Frankfurt, Houston, London, New York, Riyadh (affiliated office), San Francisco, Silicon Valley and Washington, D.C. The firm represents half of the Fortune 100 and in a Corporate Counsel survey in September 2007 was among the top firms representing Fortune 250 companies. For additional information, visit www.kslaw.com.

Contact Information: Contact: Matt Hyams King & Spalding Ph. 212-827-4057