5 April 2018
Liz Perks, partner, and Karen Drysdale, one of our senior associates, have contributed an article to Thomson Reuters Practical Law. The article gives a flavour of some practical considerations that have the potential to provide measurable benefits in terms of the cost, efficiency and value of an expert’s report.
Technical matters can significantly impact the quantum calculation and it is therefore important that the expert fully understands the factual scenario to be assumed and any legal requirements. In addition, Liz and Karen suggest that early discussion of the appropriate valuation methodology, date and approach is invaluable and emphasise the importance of providing clear instructions in relation to wasted costs, interest and currency.
Liz and Karen also examine potential issues relating to evidence which can impact both the quality of the report and reduce the time available to produce it. For example, early consideration of the process of producing witness evidence, the timing of other expert evidence and whether experts should contribute to any disclosure requests, all minimise the likelihood of issues arising.
They also touch on often-overlooked matters such as exhibit referencing, internal deadlines for drafts and filing requirements. Without early consideration, such logistical issues can put unnecessary pressure on the expert which could be easily avoided.
Liz and Karen’s article, titled “Practical matters to think about when instructing an accounting expert”, is available in full here.
Reproduced from Practical Law with the permission of the publishers. For further information, visit www.practicallaw.com.
If you would like to discuss any topics covered in this article, please contact Liz Perks.