1 / 10

Five Tips – from a Quantum Expert

Five Tips – from a Quantum Expert. Torte Club Richard Formby FCA MAE www.FormbyForensics.co.uk. Typical use of a Forensic Accountant, PI & CN. Employed / salaried claims Career modelling & ranges Pension losses Share Options Employment benefits & perks Business related claims.

reneew
Download Presentation

Five Tips – from a Quantum Expert

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Five Tips – from a Quantum Expert Torte Club Richard Formby FCA MAE www.FormbyForensics.co.uk

  2. Typical use of a Forensic Accountant, PI & CN • Employed / salaried claims Career modelling & ranges Pension losses Share Options Employment benefits & perks • Business related claims

  3. Business Claims – what’s different

  4. Business Claims – what’s different

  5. Tip 1:- Manage claimant & their expectations • Information – a timely flow • Sound assertions • Loss of Chance – explain • Poor records = implications • Contribution towards costs / ‘cost v benefit’ – particularly if there is going to be a ‘heavy’ battle over quantum

  6. Tip 2:- Consider if better using acct. as an Expert Adviser, rather than as Expert Witness • Help with dynamics of losses / steering path / evidence gathering / evidence presentation • Pass over complex quantum calculations • Good risk management • Assistance with tricky client • Court permission not an issue • Recover costs as an Agent

  7. Tip 3:- Consider use of Preliminary Quantum Advice • Good for ‘loss scoping’ • Tactical benefits:- Useful where Loss of Chance aspect Also useful where problems with causation, liability, contrib. etc. • Basis for court permission • Present wide range of alternative outcomes • Quantum platform for RTM and w/p negs.

  8. Tip 4:- Manage your CPR Quantum Expert ! • Agree on a plan / budget / keep ongoing dialogue on costs/ monitor • Meetings –present/ notes / recordings – help w/s drafting • Ask for shopping lists of evidence needs • Limit drafts of report (if you can) – saves costs • Fewer range alternatives = less costs = lesser neg. position – an equation • Para 63 CJC Guidance 2014 – focus areas of material difference • Para 58 CJC Guidance 2014– separate opinions on each hypothesis • Para 73 CJC Guidance 2014 – Cl’s expert’s ‘right of reply’ • Para 35.9(3) Practice Direction – agendas for experts meetings

  9. Tip 5:- Consider use of Quantum SJE • In right circumstances:- Salaried claimants – alternative career models Earnings, Pensions and Employment Benefits • Lose privileged access • Still need to understand scope of losses • Claimant needs access to expert earlier that defendant • Scope for use in Fixed Costs Environments

  10. Thank you! Torte Club - 26 July 2017 Richard Formby FCA MAE www.FormbyForensics.co.uk

More Related