May it please the court: Litigation support is hot
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How many lawyers does it take to provide detailed evidence regarding a financial crime? None - if they’ve got the right accountant. Litigation support provides a niche area of expertise for accounting professionals who are comfortable operating in a legal arena. The traditional litigation support services - including business valuation, expert witness testimony and damage calculations - form a solid part of accounting services in today’s litigious society. Additional services that fall under the umbrella of litigation support include asset valuation in divorce proceedings; contractual disputes; calculation of lost earnings potential in personal injury situations; helping with organization of data; providing expert opinion on financial problems based on financial statement analysis; determining possible financial motives relating to insurance claims; calculation of lost business opportunities and costs of repair; debtor/creditor calculations in bankruptcy proceedings; and more. And a growing demand for litigation support translates into a flowing revenue stream. In fact, 69 percent of the firms ranked in Accounting Today’s 2005 Top 100 Firms listed litigation support services as a client niche that had grown over the past year. More : webcpa.com |