Expert Witness/Consulting Services

At Lax & Neville LLP, our attorneys provide expert witness or consulting services regarding the general procedures and practices of the broker-dealer industry. Specificaly, our expert witness or consulting services regard the Protocol for Broker Recruiting, industry standards for the confidentiality of client lists and restrictive covenants, practices and procedure that relate to broker-dealer compensation, transitioning and retirement plans for financial advisors, the recruiting and retention of a registered representative/financial advisor’s book of business, and the sale and/or purchase of a registered representative/financial advisor’s book of business. The “book of business” is an asset of the financial advisor from which he/she derives revenue based upon the financial advisor’s clients’ assets under management

In the past, our attorneys have provided expert witness testimony in FINRA arbitrations on behalf of registered representatives/financial advisors regarding industry standards for confidentiality agreements, resignation procedures, client contact and/or solicitation and the effect of the Protocol for Broker Recruiting.

In divorce proceedings, a broker’s book of business can have substantial value, and an expert can assist in determining the proper value of that book of business. At Lax & Neville LLP, our attorneys have prepared expert reports in divorce proceedings involving a spouse who is employed in the financial services industry, as well as acted as consulting expert to trial counsel in divorce proceedings.

The attorneys at Lax & Neville LLP bring their experience as trial lawyers to all of their consulting and expert witness clients. This experience gives them the unique perspective of knowing how their opposition will try to impeach and/or undermine their reports or testimony, along with a manner in which they clearly explain complicated industry issues and rules to a arbitration panel and/or a judge. When they testify as experts, the attorneys at Lax & Neville LLP know how to convey complex issues without undermining an arbitration panel and/or judge’s authority to instruct the jury on the law.

Contact Lax & Neville LLP for a free consultation. We are located on the corner of 41st Street & Broadway, New York. 

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NY: 212-696-1999 / DC: 202-792-0101