Marcum has extensive experience assisting counsel and their clients in evaluating and calculating damages in complex commercial and personal injury litigation. We have developed proven methodologies and economic models for purposes of quantifying damages.
Because of our extensive experience in this area, we are aware that the amount of recoverable damages, as opposed to alleged damages, determines the outcome of litigation. Our professionals are familiar with causation issues and work closely with counsel to ensure that our damages calculations are performed in accordance with applicable rules, regulations and case law in the particular jurisdiction in which the matter is being litigated.
Our Litigation Support practice provides services to counsel for plaintiffs and defendants in a variety of areas, including consulting with clients and counsel on all phases of litigation from discovery through trial, providing oral and written testimony as opinion, rebuttal, and/or fact witnesses, conducting interviews and fraud investigations as well as serving as independent arbitrators. Marcum also offers financial and damage analysis for a variety of claims, including contract disputes, torts, infringement of intellectual property, wrongful termination, and lost wage claims. Our professionals have experience providing valuable insights and credible testimony in litigation, alternative dispute resolution and investigations. In addition, we are frequently court appointed or jointly retained by the parties involved in a dispute.
Our litigation support specialists are skilled at preparing counsel and providing administrative support to attorneys through document management, database creation, and preparation of trial exhibits. We use our forensic accounting skills, valuation expertise, financial modeling experts, and litigation support specialists to apply to an economic damage case. Our commercial damages specialists have assisted their counsel in a wide variety of industries including manufacturing, distribution, retail, health care, financial services, and technology.
Our specialists can provide expert testimony and support counsel in a variety of ways, including preparation of financial affidavits, income analysis, lifestyle analysis, valuations, asset tracing or discovery assistance. We frequently prepare mediation and trials exhibits, and provide tax advice and financial planning both during and after the resolution of the case.
- Early assessment of potential damages to assist counsel and clients in evaluating the cost/benefits of potential litigation.
- Key documents and other sources of information relating to damages.
- Support in deposing key fact witnesses and opposing experts.
- Alternative evaluations of damage calculations.
- Critique and analysis of the opposing expert's damage calculations and report.
- Computer models, computer-generated illustrations, and other trial exhibits.
- Prepare damage calculations, expert reports, and provide expert testimony.
- Evaluations of settlement proposals by opposing party.
Related News
August 07, 2018
As Seen In
Advisory Director John Heller participated a Litigation Support Roundtable produced by South Florida Business & Wealth Magazine.
How litigation support is crucial in case outcomes. Some of the region's top CPAs convened to talk shop and share insights about litigation support accounting ....
June 14, 2018
Press Release
Scott Stringer Joins Marcum LLP as Advisory Partner in Chicago
Scott A. Stringer, CPA/ABV/CFF, CGMA, CFE has joined Marcum LLP as an Advisory Services partner in the Firm's Chicago office.
Valuation & Litigation Advisor - July 2018
Advice to the Board: Knowing the Business is Critical to Effective Risk Oversight
Obtaining an understanding of the company's business is key to effective oversight, including enterprise risk management, and also helps in building and maintaining a positive ....
January 22, 2018
As Seen In
New Jersey Law Journal published an article co-authored by Ilan Hirschfeld, partner-in-charge, New Jersey Advisory Group, and Kevin Baker, head of the Philadelphia Digital Forensics Practice, on the complexities of valuating cryptocurrencies.
Just weeks into 2018, cryptocurrencies continue to dominate the headlines while on their way to potentially becoming mainstream. The complexities of these digital financial instruments ....
Valuation & Litigation Advisor - December 2017
Marcum LLP Named Top Valuation and Litigation Services Firm in Multiple Categories by Connecticut Law Tribune
Marcum LLP took top honors in multiple categories of the Connecticut Law Tribune’s 2017 “Best Of” survey, winning one or both of the top two ....
Valuation & Litigation Advisor - December 2017
Market Participant Acquisition Premiums in Valuations for Financial Reporting Purposes
Many of the valuations completed by Marcum LLP are for purposes of compliance with U.S. Generally Accepted Accounting Principles (GAAP), often referred to as Valuations ....
Valuation & Litigation Advisor - October 2017
Valuing a Business: The Site Visit and Management Interview
The site visit and management interview are an essential part of the process of developing a business valuation opinion.
Valuation & Litigation Advisor - October 2017
Painting a Picture of the Parties' True Income in Divorce
Determining the assets and earnings in a divorce engagement is often a complex task. While the divorcing parties may begin the process working toward the ....
October 01, 2017
As Seen In
Business Valuation Update interviewed Partner Kenneth Pia for an article about serving on the Business Valuation Committee of the American Society of Appraisers. Mr. Pia is vice chair of the committee.
BVU had the pleasure of speaking with some of the dedicated individuals who serve as members of the Business Valuation Committee of the American Society ....
June 20, 2017
As Seen In
Business Valuation Update published an article by Partner Nancy Fannon in the July issue, about the attractiveness of the business valuation specialty.
For the last several years, it seems as if everyone I talk to in our profession is trying to figure out a growth plan.
May 10, 2017
As Seen In
BV Wire featured Marcum's merger with Meyers, Harrison & Pia.
Joining Marcum will give MHP's clients and staff significantly greater resources as well as access to a deep bench of talent across the firm's practice ....
May 07, 2017
As Seen In
The New Haven Register announced Marcum's merger with Meyers, Harrison & Pia.
Meyers, Harrison & Pia LLC and Meyers, Harrison & Pia Valuation and Litigation Support LLC (MHP) have merged into the national accounting and advisory services ....
May 04, 2017
As Seen In
The Portland Press Herald reported on Marcum's merger with Meyers, Harrison & Pia, including that firm's Portland, Maine, office.
Marcum LLP announced Tuesday that it has merged with Meyers, Harrison & Pia LLC and Meyers, Harrison & Pia Valuation and Litigation Support LLC.
May 01, 2017
As Seen In
Long Island Business News reported on Marcum's merger with Meyers, Harrison & Pia.
Marcum has merged Meyers, Harrison & Pia and Meyers, Harrison & Pia Valuation and Litigation Support into its business, adding 55 partners and staff in ....
May 01, 2017
As Seen In
Accounting Today announced Marcum's merger with Meyers, Harrison & Pia to the accounting industry.
MHP dates back to 1954 and specializes in business valuation, forensic accounting and litigation support services. The firms partners frequently serve as expert witnesses during ....
May 01, 2017
As Seen In
The Hartford Business Journal reported on Marcum's merger with Meyers, Harrison & Pia.
Regional accounting firm Marcum LLP, which has a Hartford office, said Monday it has acquired a New Haven CPA firm that will add to its ....
May 01, 2017
Press Release
Marcum LLP Merges in Meyers, Harrison & Pia
Marcum LLP announced today that Meyers, Harrison & Pia, LLC and Meyers, Harrison & Pia Valuation and Litigation Support, LLC (MHP) have merged into the ....
Litigation Support Brochure
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Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.
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