Forensic accounting can help your legal team quantify the damages in complex personal injury disputes — from the initial gathering of facts to the end of the trial.
Estimating an individual’s loss of income due to a personal injury can be challenging for your legal team. Personal injury disputes can span across a wide variety of industries and issues, and the process becomes even more complex if the injured alleges they are unable to continue operating their business at its normal capacity. Legal counsel often requires support from a forensic accountant when comprehensive financial knowledge is needed to evaluate a case — whether you are making a claim or disputing a claim outcome.
MNP’s Personal Injury team can complement your ability to serve your clients efficiently and effectively, delivering the in-depth support you need throughout every step of the damage quantification process. Backed by extensive experience and knowledge in key areas and across various industries, we work as a team to gather relevant data and undertake analysis, ensuring a complete and comprehensive package is built for your case.
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Complex personal injury claims: How lawyers can address financial complexities during every step of the process
How can you calculate the damages when a business owner experiences a personal injury? Discover the key considerations to address at every step of a dispute.
What's your challenge?
Accurately quantifying losses
To ensure your clients receive fair compensation, you need an accurate estimation of the losses they experienced.
Preparing for complex trials
Claims can involve a lot of different moving parts, and your legal team needs support in organizing the relevant materials.
Finding the right testimonies
You need a professional who can clearly articulate the financial impacts and make your case even more compelling.
How we help
Quantification of claims and cross claims
Our financial analysis and data examination accurately calculates the financial damages that are being asserted by each party and we provide clear summaries of the analysis.
Document review, key issue analysis, and question preparation
We provide insights on the financial complexities of the case and help you challenge the methodologies and arguments of the opposition.
Expert report and testimony
Our team is available to provide testimony or attend the trial and share live feedback.
Frequently Asked Questions
Our Personal Injury team has extensive experience in cases involving complex economic loss instances. In these types of cases, the injured party is a business owner and business profits are impacted as a result of the injury.
Case facts, financial records (such as current and historical income statements and balance sheets), vocational reports, and other relevant documents are typically utilized to prepare our opinion.
Our professionals are qualified as expert witnesses and have provided expert witness testimony on many cases. This includes international arbitrations in England and Canada, as well as at litigation proceedings in the United States.
The type of report that our team provides is based on the particulars of a case. An opinion report would typically be prepared to quantify the economic damages of a plaintiff resulting from an injury. A rebuttal report would generally be prepared to critique economic loss amounts that are claimed.
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Contact us
Craig Burkart CPA, CA, IFA, CFF, CIP
Partner, National Leader - Insurance Advisory
