A single reference point for expert advice

forensic accounting, veterinary science, medical reports, arbitration

 

Tim Vogel

Tim qualified as a Chartered Accountant with a "Big 5 firm" in Southampton in 1995 after gaining a maths degree. In the final level exams he finished in the top ten in the region. At that time he was working predominately in insolvency and business recovery, and gained valuable exposure to the commercial realities of business, as well as a sound grounding in business planning and forecasting.

Moving to High Wycombe he joined the specialist forensic accounting unit of a "Group A firm", spending the majority of his time on personal injury, clinical negligence and smaller commercial claims. There he was responsible for the conflicts and professional acceptance register of the forensic side of the firm, and was heavily involved in the specialist training program of the department.

In 1998 Tim returned to his roots in Norfolk, to a full time forensic accounting role with another "Big 5 firm", providing a dedicated forensic accounting service to the whole of East Anglia. This increased his exposure to larger commercial cases and to criminal engagements.

Upon the sale of the office Tim moved to the largest specialist forensic accounting unit in the region at one of the major regional firms. There he continued to develop his range of work, and in particular gaining experience in Single Joint Expert appointments

In January 2001 Tim left the unit to found his own forensic accounting practice, and The Chamber of Experts.

Tim has recently written "Practical Business Valuations", a new title from Forum Business Media, that leads owners and advisors through valuing a small or medium sized business, with spreadsheets to give a staring valuation. This is available from many outlets, or direct from the Chamber of Experts.

Tim is the editor of Forensic Group News, the specialist newsletter for Chartered Accountants, and sits on the committee of the appropriate Special Interest group and the Business Law committee within the ICAEW. He has written and contributed to many articles in the accountancy and legal press in several fields within Forensic Accountancy. Publications include "Quantum", "Personal Injury and Medical Law Letter", "Journal of Personal Injury" and "Accountancy". He has experience of lecturing to small groups of solicitors and accountants on various subjects, and providing support services within various sized accountancy firms.

He took a lead role in the ICAEW's response to the Lord Chancellors consultation paper on damages, and also on the writing of the ICAEW's new guidance on ethics and engagement letters for those in forensic practice.

He is also a non-executive director of the Financial Services Compensation scheme. This is the body that provides the safety net for all financial services contracts. Its current case load includes the pensions miss-selling review and many insurance companies that have failed in recent years.

2003 saw the publication of Practical Business Valuations, a loose-leaf and CD ROM publication that leads you through valuing a business, be it a sole trader, partnership of company. This successful and popular publication is aimed at both the owners of businesses who want to know their companies worth, and advisors who are looking for guidance in the field. Published by Forum Business Media and costing £199 + VAT it is available from Forum business media, 020 8941 8589.

Forensic experience includes:

Personal Injury claims relating to:

Claimants and defendants
Self employed and employed individuals
Complex remuneration packages
Loss of Pension claims
New business start ups
New business mitigation claims

Commercial disputes:

Loss of profits
Breach of contract
Business interruption
Insurance claims quantification

Criminal actions:

Acting for prosecution and defense
Theft
Fraud cases
Misrepresentation
False accounting

Clinical Negligence claims:

Preparation of schedules of loss
Structures Settlement reports

Employment Disputes:

Loss of earnings calculations
Breach of contract
Loss of Pension

Matrimonial Disputes:

Both husbands' and wives' claims
Business valuations
Borrowing ability reports

Business research

One of the crucial parts of any forensic assignment is gathering the appropriate facts. Tim has access to a large range of sources of information, from the traditional to the modern. Through contacts in many libraries and government statistical offices Tim can obtain access to traditional information covering areas from populations data for use in assessing retail outlets claims, to national trends in numbers of new houses completed for use in a claim by a door manufacturer.

The Internet provides a wealth of information, but the difficulty is often in finding it. Experience enables the quick retrieval of items as varied as the price of scrap tin through to the density of competing restaurants. Some of the points recently investigated include:

This support to your claim is essential, even if you are not using an experts report. In this way you have a firm foundation for the quantum of any claim which can be supported by documents in any negotiation or litigation, but without all of the costs of an experts report.

Training

Tim offers a range of training course to the legal community. these cover all aspects of quantum calculations and include annual updates, "Understanding accounts, for litigators" and Pension loss calculations". These are offered both externally and in-house.

Course details

 

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