Insight

Effective use of financial experts in arbitration

July 2017
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The cost of hiring expert consultants and witnesses can form a significant part of a client’s arbitration bill. As a result, it makes sense to consider how to get the best value from experts. But what constitutes expertise and when can bringing in a financial expert be most beneficial?

At a glance

  • Economic analysis provides tools to understand how markets and commercial situations may have developed: focusing on understanding not what has happened, but why it has happened.
  • Many financial experts will be qualified accountants or economists, but their skills can vary widely.
  • Experts who have acted in a range of forums and in a range of roles are likely to be the most versatile in helping you to leverage their skills.
  • The value that a financial expert brings will partly depend on what stage he or she joins the case—and counsel should plan to bring them in very early.

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