Frank Ilett

Title: Managing Partner

Office: City Tower, Level 3, 40 Basinghall Street, London. EC2V 5DE

Tel: +44 (0)20 3096 6556

Email: fi@hiforensic.com

   
Frank has been a forensic accountant for more than 25 years, first giving evidence in 1999.  He has worked on more than 150 investigation and expert witness cases and has experience of English high court litigation, international arbitration and mediation.

Frank was a partner and head of Dispute Services in the UK at a Big 4 accounting firm until 2013.  He has given oral evidence numerous times in the English courts and before international arbitration tribunals.

Frank specialises in assessing losses and damages in disputes across most industry sectors with a particular specialism in large ICT implementation contract disputes including ICT outsourcing disputes.

Frank has provided expert evidence on loss, damages and other accounting matters across most industry sectors including ICT, oil and gas, financial services, retail and distribution, manufacturing, government and infrastructure, utilities, transport, real estate, professional services and sport.  He has given oral evidence on many occasions, including in London, Paris and the Cayman Islands in 2017 alone.  He has been appointed as an arbitrator’s assessor under the Arbitration Act 1996.

Frank’s main areas of focus are assessing loss of profits / value arising from breaches of contract, statutory duty, negligence and advising on post transaction disputes.  He has a particular specialism in disputes in the ICT sector having first given expert evidence in the Pegler v Wang case that went to trial in 1999.  Since then he has worked on cases involving nearly all of the global ICT companies as well as numerous smaller ones.

Frank also has experience of assessing losses arising from anti-competitive practices, he has acted as expert in a variety of valuation disputes and he has led a number of accounting fraud investigations in the UK.

Frank qualified as a chartered accountant in 1986 and has been a Fellow of the Institute of Chartered Accountants in England and Wales since 2000.  He is an approved determining expert on the ICAEW President’s appointments list,a member of the Expert Witness Institute and a CEDR Accredited Mediator.

Frank has presented on quantum issues in litigation, completion accounts disputes and other dispute related matters to professional colleagues, external law firms and other interested parties.  He is a regular guest speaker at client seminars on quantum issues in IT disputes and has written numerous articles.

He has been listed in the Who’s Who of International Arbitration for a number of years and in June 2017 became one of 24 experts from around the world to be recognized by Who’s Who Legal as a Thought Leader in International Arbitration.

I like to learn new things.  I am fortunate that forensic work gives me the opportunity to work across many different industries, different subject matters, a huge variety of issues to be investigated and to work with a wide range of people.  I love the diversity and the opportunity to explore and learn about new issues and find ways to resolve difficult problems.
By 1991 I had been working in audit for some time and realised that just checking other people’s work was not sufficiently challenging.  I had the opportunity to move into management consulting or litigation support, as it was called then.  I had always enjoyed the law aspects of my accountancy exams and training so litigation support appealed more to me.  I love the challenges this work brings and enjoy getting into the details of accounting records and spreadsheets just as much as developing an overall approach for an expert report.
I worked in big accounting firms for 27 years.  Conflicts of interest became a major issue for me and when I turned 50 I felt the time was right to try something new.  When the opportunity arose to create a new firm with Phil, I knew this was too good an opportunity to miss.  We are lucky in that we share the same passion for this work, the same vision for the type of firm we want to build and we have similar personalities.  Starting a new firm was a new challenge and, more than three years on, we are proud of what we have achieved and thoroughly enjoy all the challenges and opportunities that come with running our own firm.
I am a bit of a sports fanatic and having children keen on sport fuels my passion.  When I am not at work, I usually keep fit at the gym, play 5-a-side football, tennis, golf and run but my main focus is cycling.  I have cycled from Land’s End to John O’Groats twice, ridden in the Alps and Dolomites and recently completed the Prudential Ride London.
When I was younger I wanted to be a professional snooker player. I played a lot in my late teens and early 20s, playing in various tournaments in the South of England. I had the opportunity to take a year out of my accountancy studying/work to see if I could cut the mustard as a snooker player but alas, I never took it. What might have been?