Professional Services
FRP Advisory
Full Credential Description
The client, a construction sector business, faced a professional negligence claim against a firm of solicitors due to inadequate advice regarding a corporate finance transaction related to the sale of the business. The client alleged that the sale consideration received was significantly lower than expected, resulting in a financial loss. To address this issue, the client engaged we, specifically enlisting Forensic Services Partner Fiona Hotston Moore as an expert witness to provide a valuation of the company as it was at the time of the sale, which occurred approximately ten years prior.
we's Forensic Services team conducted a thorough financial and market analysis, utilizing the information available from the time of the sale. The valuation process involved evaluating various methodologies and assessing what an alternative purchaser might have valued the company at. This comprehensive analysis culminated in a joint report that integrated we's findings with those of the opposing party's expert, who had presented a differing perspective.
As a result of we's detailed work, the matter was settled favorably for the client just before the court hearing. The legal team representing the client noted that the robust analysis and straightforward advice provided by we significantly enhanced the client's negotiating position, ultimately leading to a successful resolution of the claim.