In direct response to the global financial crisis, King & Spalding, a leading international law firm, established a financial markets task force to provide its clients with information and advice to help them successfully navigate turbulence in the financial markets. The task force combines lawyers from a variety of King & Spalding practice areas, with specific skills and experience in dealing with matters involved in the financial crisis and the impact it is having on battered companies and affected corporate executives. The practice areas represented are government advocacy and public policy, finance, financial restructuring and corporate.King & Spalding lawyers are providing clients with up-to-the-minute information on pending legislative and regulatory developments related to the government bailout of the financial markets, in person and through a series of client conference calls.“The events in the financial have been momentous,” said Carolyn Alford, a King & Spalding finance partner and task force member. “All of our clients are affected. It is our responsibility, and the objective of this task force, to arm clients with the information and insight necessary to make educated business decisions during this pivotal time.”Members of the task force counsel financial institutions on how best to take advantage of new opportunities and avoid pitfalls created by the rapidly changing regulatory structure and financial climate. In addition, the broad-based knowledge of task force members enables them also to focus on advising potential buyers and sellers of distressed debt, distressed companies and distressed real estate, and represent companies in investigations and litigation arising out of the financial markets disruption.