Legal Fees Expert with Bankruptcy Experience

Case Description:

A legal fees expert was needed for bankruptcy arbitration. The defendant was a major manufacturer of steam powered boilers and other power systems. The plaintiff was one of several insurance companies that provided comprehensive general liability insurance coverage to the defendant. After a large number of personal injury claims for asbestos related injuries were filed against the defendant, it declared bankruptcy.

IMS ExpertServices was asked to find a legal fees examiner who could examine the billable hours the plaintiff’s attorney submitted regarding defendant’s indemnification of the plaintiff for certain claims. The expert was asked to opine on the appropriateness and efficiency of certain legal fees.

Experts Presented:

  • Legal Ethics Expert

    This legal fees expert is an experienced trial attorney with more than thirty years of experience. He belongs to the Open Legal Standards Initiative, a panel of leaders from the legal community focused on developing uniform legal business processes. The panel’s purpose is to assist corporate and government law departments in measuring cost effectiveness, staff productivity and process efficiency. This expert has written extensively on legal cost control and billing ethics issues. He has served as the legal fee expert on several extremely large litigations, including asbestos litigation.IMS Reference #5030860

  • Forensic Accounting Expert

    This legal fees examiner focuses his practice on attorney fee disputes and legal fee auditing. He has examined defense costs, prevailing party attorney fees, and other legal fees for reasonableness, allocation, and exhaustion. This expert has been involved in some of the nation’s largest attorney fee disputes. His practice also includes partnership disputes, insurance coverage issues, and product liability matters. He is a member of a legal audit group.IMS Reference #5030854

  • Accounting Expert

    This accounting malpractice expert has more than 25 years of experience with accounting investigations. His experience includes SEC investigations, class action suits focusing on financial reporting, and special corporate investigations. He spent 14 years with the audit division of Pricewaterhouse, during which time he offered auditing services to a spectrum of industries including stock brokerage, banking, investment, insurance, manufacturing and legal services. He is a Certified Fraud Examiner and a Certified Valuation Analyst.IMS Reference #5001787

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