International Society of Primerus Law Firms

Welcome to the Primerus Webinar Series. As we navigate these new waters together without in-person meetings, we want to do all we can to ensure you still benefit from the Primerus knowledge base. If you would like to present or have a topic suggestion, please contact Chad Sluss at csluss@primerus.com.

An Accountant and a Lawyer Were Laying on a Beach…

Presented by: Jeffrey Katz, John Morrissey, Drew Olson, and Glenn Pomerantz

Thursday, September 24th
12:00 PM EDT
View Recorded Program
Meeting Recording

There has never been a time in recent history like the present where accountants and lawyers are required to collaborate on behalf of their mutual clients. Who would have predicted that 2020 would bring a global pandemic, an ensuing great depression, trillions of dollars in stimulus money entering the economy and race riots / social unrest? At BDO, we have seen firsthand how our clients are re-thinking their business models by reacting, becoming resilient and realizing the new normal. BDO has helped its clients Re-think today’s business environment including helping our clients with COVID related insurance claim and filing for PPP loans to transitioning to work from home via state of the art digital solutions, cyber protection and enhanced risk assessments. We have been delivering in lock-step with our client’s Counsel. With a focus on insurance, BDO’s forensic accounting practice will highlight three areas that complement our client’s legal teams service offering and are growing in today’s new world environment:

  1. Property / Cyber / Business Interruption Claims – from civil unrest to ransomware attacks, BDO’s Forensic Insurance & Recovery Practice will review the common valuation issues, common areas of dispute and emerging trends.
  2. Fidelity / Employee Dishonesty Claims – the fraud triangle is commonly referred to as Pressure, Opportunity and Rationalization as the three components of fraud. The last 4 months have seen a significant increase in both Pressure and Opportunity as employees have faced job/pay cuts and the workforce has mostly transitioned to work-at-home.
  3. Reps & Warranties Insurance Claims – while deals have slowed, we are seeing a lot of restructuring activity that, we believe, will lead to combinations and mergers. We expect to see COVID being used as a crutch in explaining a lot of performance issues going forward. This heightens the challenges for due diligence teams and our R&W accounting experts will explain how these insurance policies are bring value to the deal.

Live Interactive Q&A – Bring/Submit Your Questions

Time will be reserved to answer specific questions from attendees and we encourage those in attendance to come with questions prepared. If you would like specific questions addressed, you are invited to submit questions in advance to Chris Dawe at cdawe@primerus.com.

Panelists from BDO

BDO has a leading practice focused on financial recovery and insurance claims services on behalf of clients and policyholders. With over 30 dedicated forensic accounting and finance professionals dedicated to assisting claimants with financial recovery, this practice has assisted clients with claims ranging from the 9/11 terrorist attacks to every major hurricane causing property damage in the U.S. and abroad, to major cyber-attacks causing financial losses.

Jeffrey Katz, Dispute Resolution

John Morrissey, Managing Director, Fraud & Investigations

Drew Olson, Forensic Insurance & Recovery

Glenn Pomerantz, Partner, Global Forensics

Can’t Attend the Webinar? Check Out the Recording!

We will be recording each of the Webinars in our series to make sure you won’t miss out! Be sure to check https://www.primerus.com/home/legal-webinar-library.htm for our recordings.

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