Date posted: 27/11/2019 3 min read

Valuation specialists remain ‘go-to’ specialists for divorce lawyers

Valuation professionals remain the "go-to" advisors for relationship property lawyers, relationship property report says.

In brief

  • Business valuers are the go-to experts for relationship property lawyers
  • 87% of practitioners have used business valuers in the past two years
  • The New Zealand Relationship Property Survey 2019 is based on surveys with 250+ family law practitioners

The New Zealand Relationship Property Survey 2019, produced by Grant Thornton New Zealand and the New Zealand Law Society, is based on the views of more than 250 family law practitioners. 

It builds on the findings of the 2017 report, and contains numerous insights of interest to business valuers, according to business valuation special interest group committee member, and report co-author, Jay Shaw .

“The 2019 report identifies that valuation professionals remain the ‘go-to’ advisors for relationship property lawyers,” said Jay.

“The most valued attribute was experience in defending their report as an expert witness in court (53%).”

“This includes business valuers, used by 87% of practitioners in the past two years. They are also the most commonly instructed, at 21%.”

The 2017 report highlighted that the most common instruction to accountants was for share and business valuations, with 40% of lawyers having requested one in the previous two years.

Family lawyers were also asked to rank the most important attributes of an accountant/valuer in relationship property matters. 

Practitioners considered an effective accountant/valuer to be one who can apply critical thinking (40%) and prepare effective written reports and evidence (46%). 

But the most valued attribute was experience in defending their report as an expert witness in court (53%).

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For any questions about this report, contact Jay Shaw.

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New Zealand Relationship Property Survey 2019

View the report

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