header-logo header-logo

20 September 2024 / Rakesh Kapila
Issue: 8086 / Categories: Features , Profession , Expert Witness
printer mail-detail

Forensic accountants: value for money?

189716
Rakesh Kapila shares some hot tips on the key areas instructing lawyers should take into account to achieve value for money from forensic accountants
  • Suggests time-and money-saving strategies regarding instructions from lawyers and scope of experts’ involvement.

There has been an increasing emphasis in recent years on the need to control costs in complex litigation. In particular, it is important input from experts is cost-effective and timely given that their costs can be a significant element in cases involving the use of experts.

Forensic accountants who approach their work in a professional manner aim to provide an efficient service. However, accountancy evidence can be complicated and/or voluminous so that analysing it is time-consuming and expensive.

Since cases have different attributes, not all the aspects listed below in instructing forensic accountants will be relevant on every matter. However, it is likely that instructing solicitors who take account of a number of the suggestions will ensure a cost-effective service is provided to their clients. The aspects listed below are categorised by reference to the different stages of experts’ involvement.

Pre-instruction considerations

It is constructive

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Anthony Collins—20 promotions

Anthony Collins—20 promotions

20 promotions mark major people investment at national law firm, Anthony Collins

Sidley—Elaine Whiteford

Sidley—Elaine Whiteford

Sidley adds competition litigator Elaine Whiteford in London

Charles Russell Speechlys—Claudina D’Costa

Charles Russell Speechlys—Claudina D’Costa

Charles Russell Speechlys welcomes Claudina D’Costa as Director of Client Development Marketing

NEWS
The 25th Pro Bono Week begins today until 6 November, with events hosted by law firms, chambers, law schools and charities across the UK
Pro bono is celebrating a silver anniversary, with initiatives putting businesses and students at the heart of access to justice
Choosing the wrong expert can cost a clinical negligence claimant more than their case
Judges risk weakening their own independence by staying silent over government reforms, a leading public lawyer argues
A discount on damages does not automatically mean an equivalent haircut for legal costs in military deafness claims
back-to-top-scroll