The Dickie Group offers testifying and non-testifying expert witness support for litigation in federal or state courts or before the Internal Revenue Service in cases involving corporate valuation (including valuations, measures of damages, minority discounts, and majority premiums) and accounting issues (including revenue recognition, proper accounting for inventory and expenses).

The impartial credentials of the Group's consultant-teachers, combined with their grasp of the practical application of financial and accounting principles to real-life contexts, provide clients with credible support for contested transactions and events.

We engaged The Dickie Group as an expert in an arbitration dispute involving a number of business valuation issues in the context of an acquisition. The Dickie Group prepared an expert report which was well researched, reasoned, and thorough. On the witness stand at the arbitration hearing, Phil Saunders of The Dickie Group was extremely effective and convincing in both his direct testimony and on cross examination. He was also instrumental in helping to prepare our cross examination of the opposing party's valuation expert. Our client and the Goodwin Procter trial team were extremely pleased with the outcome of the arbitration and with the Dickie Group's contribution to that effort.

Jeremy Sternberg

Partner

Goodwin Procter, LLP, Boston   

I would highly recommend Phil Saunders to anyone seeking an expert opinion and/or testimony regarding business valuation. Phil possesses a keen intellect and an obvious mastery of valuation principles. What sets him apart from others, however, is his thoughtful, reflective style. In our particular case, we were involved in a bitter arbitration regarding our claims for breach of representation and warranty in connection with an acquisition we recently had concluded. The measure of damages depended upon the difference between the actual purchase price for the business and the value of the business given actual knowledge of accounting irregularities we had discovered; as such, factors such as discounted cash flow and EBITDA multiples were critical to this analysis. The sellers retained a highly credentialed investment banker with over 40 years of experience on Wall Street in an effort to persuade the arbitrator that the difference in value would not have been significant. In contrast to the flamboyant, pompous style of the seller's expert, Phil exhibited a calm, matter-of-fact, almost professorial style that enhanced his credibility. He also used memorable and easily understood examples to demonstrate the concepts underlying his testimony. Phil's contribution contributed greatly to our attainment of a significant reduction in the ultimate price paid for the business.

Alan J. Glass
Corporate Counsel and Assistant Secretary
CIRCOR International, Inc.