Joint Retention Program

Engel & Engel’s Joint Retention Program:
Resolving Disputed Financial Issues and Achieving Settlement

Business litigation often requires the retention of forensic accounting experts by both litigants in a dispute. Engel & Engel provides a specialized Joint Retention Program as an alternative to the typical litigation process as a way to resolve disputed financial issues and achieve settlement. Engel & Engel’s Joint Retention Program is particularly beneficial in arbitration, mediation and litigation cases where the parties prefer a process that can help settle their differences in a cost-effective manner. Our Joint Retention Program is designed to equally address the financial concerns of both parties in a dispute, whereby the parties jointly retain Engel & Engel to conduct an objective and independent forensic accounting investigation.

In addition, Engel & Engel can serve as a referee in accordance with California Code of Civil Procedure § 638 and § 639 and as a special master in accordance with California Code of Civil Procedure § 845. Engel & Engel can also serve as a special master in accordance with Federal Rules of Civil Procedure § 53.

 

By employing Engel & Engel’s Joint Retention Program, both parties can:

  1. Save on forensic accounting costs.
  2. Save on litigation costs.
  3. Efficiently obtain accounting and business records.
  4. Expedite resolution of financial issues.
  5. Eliminate discovery disputes and related discovery costs.
  6. Receive an independent and objective analysis on which both parties can rely.
  7. Eliminate unnecessary and duplicative forensic accounting analysis.
  8. Minimize or eliminate financial disputes between the parties.

Our Process

Engel & Engel’s Joint Retention Program is founded on the high standards of independence and impartiality coupled with over forty years of forensic experience. Engel & Engel’s Joint Retention Program is a formal service offering with a uniquely designed process providing the parties with the following:

  • Assurance that Engel & Engel is independent, objective, and neutral throughout the process, including a formal conflicts check and disclosure statement.
  • A jointly agreed upon scope of the assignment.
  • Discovery of the relevant accounting and business records.
  • An objective financial analysis that includes the concerns of both parties.
  • An objective and impartial report of findings.
  • A process for both parties to challenge Engel & Engel’s findings.

In connection with our Joint Retention Program, Engel & Engel has the expertise and experience in addressing complex business litigation issues including the following:

 

For more information about Engel & Engel’s specialized Joint Retention Program, or a consultation, please contact Brandon J. Engel, CPA, CFE brandon@engelandengel.com, 310-277-2220