Earlier today, Ocean Tomo in partnership with Bow River Capital, announced the acquisition of Virginia-based financial forensics firm, Veris Consulting. Founded by industry stalwart Larry Johnson, Veris Consulting is led by an experienced team including Michelle Avery, Jon Couchman, and Ed Buttner.
Veris Consulting expands Ocean Tomo’s platform of services, adding several testifying expert witness professionals to Ocean Tomo’s team of intellectual property damages experts. The combined firm provides industry-leading litigation consulting capabilities addressing economic damages, financial forensics, accounting and auditing standards, disputes and insolvencies, and corporate investigations, in addition to management consulting and advisory services. Concurrently, the addition of Veris Consulting deepens the firm’s scope of engagements involving breach of contract, fraud, valuation, and bankruptcy, among other areas.
“Veris’ experience in complex accounting and auditing matters, as well as litigation and corporate investigations, adds a complementary service offering to Ocean Tomo’s traditional focus on intangible assets,” explains Ocean Tomo CEO, James E. Malackowski. “The financial forensics team at Veris Consulting is highly sought by state insurance department regulators, outside counsel, and liquidators, both domestic and international,” Malackowski notes.
Combined Ocean Tomo and Veris Consulting work with more than 80% of the AM Law 100 firms.
Commenting on the transaction, Bow River Capital Director Bo Sutton, added, “The Veris Consulting team is called upon by some of the nation’s most prestigious organizations to support consequential and complex corporate investigations, assisting counsel representing public company audit committees, and working with top government entities. Veris is engaged in the most notable high-profile corporate investigations, including the nation’s largest Ponzi scheme to date.”
“Law firms, corporations, and federal agencies highly value Veris’ deep specialized expertise, particularly in highly complex financial reporting issues, insolvency causes and measurements, and corporate investigations of potential wrongdoing,” explains Veris Founder, Larry Johnson. “We saw in Ocean Tomo the same depth of expertise, best-in-class team, and fantastic reputation. This is an ideal partnership.”
Malackowski is quick to cite published studies of litigation trends released earlier this year that highlight a projected increase in contract and commercial disputes, insurance, antitrust, and regulatory investigations noting that “with the addition of the Veris team, Ocean Tomo is well positioned to address the most significant matters of concern to corporate counsel”. He further adds, “the Veris acquisition represents the first step in our strategic vision to build the preeminent litigation support services firm and we anticipate further announcements building on this leadership position.”