The definition of value applied in an engagement (e.g., fair market value, fair value, strategic value), controlling assumptions and method selection.
DLOM
Discount for lack of marketability: an adjustment reflecting reduced liquidity of a private interest, supported with empirical and company-specific analysis.
Normalization adjustments
Adjustments to historical financials to remove non-recurring, non-operating, or discretionary items and present sustainable economic earnings.
Frequently asked questions
What credentials should a litigation business valuation expert hold?expand_more
For court work, look for ASA, CVA, and/or ABV credentials, relevant case experience, and a documented file that shows method selection, data sources, and reconciliation. We maintain ASA-aligned workpaper practices and explain limitations transparently.
How quickly can you begin a valuation for an active dispute?expand_more
Start dates depend on discovery access, scope, and complexity. After a conflict check and an initial records review, we provide a phased plan with milestones for document requests, management interviews, draft analyses, and expert report delivery.
Do you provide rebuttal or critique of another expert’s report?expand_more
Yes, when engaged we analyze opposing experts’ methods, assumptions, and math, mapping issues to professional standards and the facts of record. We can support counsel with focused critiques or full alternative analyses.
What information do you typically need to begin?expand_more
Financial statements, tax returns, cap tables or ownership documents, forecast materials (if any), prior valuation reports, and the legal framing (standard of value, date, entity vs. equity). We tailor a targeted request list after scoping.