Financial matters are a major source of contention among clients of real estate lawyers, whether it’s a dispute over property values, damages, or purchase prices.
To better serve your clients, you must be able to argue convincingly on their behalf. One way you can do this is by working with an accounting expert to strengthen your case.
Look for the Right Qualifications
Good: A generalist accountant with several years of professional experience can help explain key accounting and financial concepts in a way that is easily understood by non-accounting professionals, including clients, jurors, witnesses, and other experts involved in the case.
Better: A certified public accountant (CPA) with comparable experience. Why choose a CPA? For one thing, CPA candidates must pass the Uniform Certified Public Accountant Exam, a rigorous examination covering a broad range of accounting and financial topics. A CPA must complete extensive continuing education credits to remain in good standing and must also fulfill strict guidelines set in place by the state in which they practice.
Best: Your best bet is to enlist the services of a CPA who has specialized experience and expertise in an applicable field—in this case, real estate law practices.