Forensic Litigation Services are those professional services provided to law firms and other legal entities for resolving disputes that may arise in the course of litigation. This type of service is very useful for many litigants because it not only helps them gather evidence and present it in court but also saves them a considerable amount of time and money. In a nutshell, forensic investigation and litigation services refer to those services that help the parties in dispute with each other to present their proofs in a convincing manner so as to reach some agreement.
Initial Process
The process of investigation starts with the gathering of evidence. The most common evidence used in litigation is tangible and intangible data. This can be anything from bank statements, credit card bills, inventories, business valuation, financial statements, etc. Once the data has been collected and collated together, the investigator then proceeds to the next phase of the process known as litigation preparation. During this stage, the investigator gathers sufficient information from the parties in dispute in order to conduct a thorough analysis of the facts and circumstances pertaining to the claims involved.
Litigation Preparation
During the litigation preparation stage, it is important to gather as many facts as possible regarding the subject of the litigation. The objective here is to prove or disprove the liability of the party in whose favor the dispute is directed. In many cases, this requires experts in the particular field of forensic accounting and the expertise of an experienced litigator. Litigation preparation is the crucial first step in any investigation. It is at this point where the forensic accounting team takes over and conducts the necessary interviews, collects the necessary data, and conducts the necessary calculations.
Witness Deposition
If there is a positive result from the investigation, it is then followed by the deposition of witnesses who depose about the facts and circumstances as regards the parties, their position, and the economic damages or losses as a result of the occurrence. When this process is complete, the litigation attorney will submit documents to the trial court for review. Once the reviewing court has reviewed these documents, it is then up to the jury to determine the ultimate verdict and whether or not the defendants are guilty of the charges.
Expert’s Testimony
During the litigation preparation stage, expert testimony is essential. This type of testimony is generally considered not relevant and does not have an effect on the ultimate verdict. However, most litigants are aware that they cannot expect a forensic accountant to present their side of the story without the assistance of other experts and/or documentation. The mere purpose of a forensic accounting company is to provide expert testimony to increase the likelihood of a favorable jury verdict. A forensic Litigation Service will present evidence to counter the party’s claim, rebut any points of evidence presented by the defense, and help the plaintiff to mount a successful case against the opposing party.
Hiring Forensic Investigators
One of the best ways to hire an expert in forensic accounting to conduct a deposition is to contact a business valuation and forensic accounting company. Origin and Cause, a business valuation and forensic accounting company. It is a reliable and reputable company that has experience in both areas. Their expertise can be invaluable when it comes time to testify during the litigation process. The business valuation company should have an established reputation for obtaining fair and just results in the legal system. The forensic accounting company should also have experience with the process required to ensure that all of the necessary paperwork and tax reports were completed and maintained.
Many plaintiffs do not have the expertise necessary to mount a strong case against a corporation or the government. When a forensic Litigation Services company presents its expert witness, a judge is often not impressed with their knowledge or expertise. In many instances, the judge will request that the forensic accountant or business valuation company provide more examples of their testimony. Often, these experts are unable to provide additional examples due to a lack of professional referrals from their past clients. It is very important that a plaintiff retain only the very best forensic Litigation Services companies to represent them in their cases.
There are two key elements to successful litigation:
- expert testimony
- evidence
When a forensic accountant or forensic accounting firm presents their witness, they must be able to prove their value to the court. This is often the most difficult aspect of the entire process. When a forensic expert fails to show the value of their work, they will not be sufficiently compensated for their time. Many companies that offer forensic accounting firms offer their expert a percentage of the winning case. This percentage is based on the court’s approval of the compensation figure.
