At Frenkels Forensics, our leading forensic accountants specialise in providing financial forensics services to legal professionals, insurance companies, businesses, and private individuals involved in divorce, personal injury, and criminal law matters. Founded over 40 years ago by John Frenkel, the firm is one of the pre-eminent forensic accountancy firms in London and around the UK, with a head office in the capital and a network of regional offices.
For assistance call us on 0330 118 8200 or Make An Online Enquiry.
What Is Financial Forensics?
Financial forensics is a highly specialised area that combines investigative work with accountancy expertise. Using our unique skill set, forensic accountants collate, analyse, and interpret vast amounts of data to get to the crux of the financial issues arising from legal proceedings. We communicate our findings in a variety of easily digestible formats for use by the parties, the police, and the court in civil and criminal legal proceedings.
How Can Financial Forensics Assist In Divorce, Personal Injury, And Criminal Cases?
Our forensic accountants specialise in financial forensics for divorce, personal injury, and criminal cases.
• Financial Forensics Divorce
Financial forensics in divorce cases ensures everyone is clear on the extent of the couple’s assets and helps facilitate a fair settlement. Our forensic accountants are vastly experienced in financial forensics divorce work, with a particular emphasis on valuing complex business interests.
Valuing business interests in divorce cases is incredibly complicated. Mathematical accuracy is not enough; the valuations must also be fair and ensure the future financial stability of both parties insofar as possible. Accordingly, the task necessitates not only an understanding of the different methods used to value businesses but also an appreciation of how a valuation should be adjusted to account for the unique circumstances of a couple’s relationship. That’s why the parties and the judge in cases involving parties with substantial business interests usually request assistance from a forensic accountant with experience in divorce matters to ensure a fair outcome.
• Financial Forensics Personal Injury
Financial forensics is used in personal injury cases to calculate the loss of earnings damages due to the victim, known as the ‘claimant’. Personal injury work is at the heart of what we do at Frenkels Forensics.
When a personal injury claim succeeds, the claimant is usually entitled to compensation, known in legal terms as ‘damages’. Personal injury damages are intended to put the claimant in the position they would have been in had their accident not occurred, insofar as money ever can. Essentially, they should be neither out of pocket nor receive a windfall.
Personal injury damages include an amount to compensate the claimant for the financial losses they incurred as a result of their accident. Examples include medical expenses, loss of earnings, and pension loss. Predicting a claimant’s future losses is incredibly difficult, so financial forensics techniques are often used to produce a range of possible scenarios and outcomes. At Frenkels Forensics, we use our own industry-standard ‘Frenkels Calculator’ to assist in our calculations.
• Financial Forensics Criminal
Financial forensics in criminal cases can be invaluable in understanding how much money was involved in criminal activity. Our leading crime and fraud team routinely act for defendants or their legal teams, analysing and testing the figures forwarded by the prosecution to ensure they have not overstated the amounts in question. Our work is particularly pertinent in proceeds of crime cases where the prosecution seeks to attribute vast sums of money to criminal activity and claim them as proceeds of crime. By reviewing the relevant documentation and analysing the data, our forensic accountants separate the funds derived from criminality from those the defendant earned through legitimate income streams.
We also act for prosecuting authorities to establish the true extent of a crime.
What Financial Forensics Services Can We Provide?
We provide a comprehensive range of financial forensics services, including:
- Computer forensics
- Data analysis
- Letters of advice
- Desktop reports
- CPR reports
In addition, our forensic accountants routinely act as expert witnesses, both for the individual parties and as single joint experts. We are familiar with the provisions of the Civil Procedure Rules (CPR) governing the duties of expert witnesses, and producing CPR-compliant reports is a large part of what we do. We are used to attending court to give our evidence under cross-examination to explain and robustly defend our findings.
Our firm’s ethos is to provide exceptional financial forensics services at highly competitive rates, and that ethos has made us the go-to forensic accountancy firm for divorce, personal injury, and criminal work. We offer a free, no-obligation quote at the start of every matter and will keep you updated on costs throughout the matter.
To discover more, please call us on 0330 118 8200 or Make An Online Enquiry.
“Thank you ever so much for the work and advice you have provided . The report was clear and accessible and will not hesitate to recommend you all.”
“I have valued your work and approach on the matter of X and learned a lot from you and so always keep you in mind when solicitors ask for a forensic accountant.”
“May I take this opportunity to thank you for your assistance in this matter. Counsel and the judge said that your report was one of the best they had seen in that it was concise and technically easy to understand.”
