In-house counsel as trusted business advisor

It is inevitable that some, perhaps even a good deal of, an in-house counsel’s time can be spent managing disputes. It is a vital role to defend the business against claims from external parties such as suppliers, competitors or customers, or to drive action against others if the business considers itself wronged or suffering a loss.

As forensic accountants, we often interact with in-house counsel in each of these contexts. This may be as an independent expert, engaged within the context of a dispute in which our non-partisan expertise is sought on a particular matter in formal proceedings. Alternatively, it may be as a consulting expert in which we work alongside the business to respond to an issue and help formulate its response.

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This article was first published in The Australian Corporate Lawyer, Spring 2017, Volume 27 – Issue 3, pg 26-27.