Julian Jones
Office:
One Finsbury Circus
EC2M 7EB
City:
London
Country:
England
Tel:
+44 207 072 3237

Questions and Answers:

Who's Who Legal Thought Leaders - Investigations

Julian Jones is a managing director with the Alvarez & Marsal (A&M) global disputes and investigations practice in London. He brings over 20 years of experience in forensic accounting engagements, advising clients in complex investigations in the white-collar, cross-border, regulatory arenas and provides expert witness services on accounting- and quantum-related issues. Mr Jones leads A&M’s pan-European disputes and investigations teams and sits on the firm’s global executive committee overseeing A&M’s worldwide teams.

WHAT HAVE BEEN THE MOST ENJOYABLE ASPECTS SO FAR OF YOUR CAREER IN FORENSIC ACCOUNTING?

Each assignment is different and the situation, whether a dispute or an investigation, will have a different fact base to unravel thus making each job interesting and new. As a result, the most enjoyable aspect of my career is the volume and variety of different people that I work with – whether clients or work colleagues. It keeps life interesting.

YOU HAVE MAINTAINED A BROAD PRACTICE ENCOMPASSING ASSET TRACING, FRAUD AND QUANTUM MATTERS ACROSS A RANGE OF SECTORS. WAS THIS A CONSCIOUS DECISION?

While it may appear a broad practice, the reality is that it reflects the broad range of areas in which the forensic accounting skill set can be deployed and the specific areas in which my clients have had a need for my services over the years. It seems to be that as you become known in a particular area, so you get asked again to do work in the same area – and the broad practice has evolved for that reason.

WHAT QUALITIES MAKE A SUCCESSFUL FORENSIC ACCOUNTANT?

Successful forensic accountants that I have known are all very clear and disciplined in their thinking and have an ability to express their thoughts in a simple, easy to understand manner. Having tenacity, numeracy and an eye for detail are qualities that also spring to mind. But the most important factor in becoming and staying a successful forensic account is to consistently deliver high-quality work for clients, who will then have repeat work – even if only many years later.

WHAT HAS BEEN MOST MEMORABLE CASE OF YOUR CAREER TO DATE?

There have been many memorable, high-profile cases during my career, often involving well-known companies or individuals. It is always interesting to see the effort expended and level of sophistication deployed by parties in perpetrating or concealing fraudulent schemes. For this reason, the Parmalat matter, where the level of false sales, the duplicity required to obtain financing at the scale achieved, the non-existent fake bank accounts – all supported by sophisticated accounting systems and processes set up for that sole purpose – is my most memorable case.

HOW HAVE FORENSIC INVESTIGATIONS CHANGED OVER THE COURSE OF YOUR CAREER?

Unfortunately, I remember that when I started out in my career, mobile phones did not exist and computers were not standard issue. Hence over my career, it has been the technology advances that have significantly changed and continue to change the way in which forensic investigations are conducted – not only from the perspective of how information is analysed but also what information can, needs to be or is allowed to be gathered. As a result, greater and greater care needs to be taken over processes and methods used in connection with investigations. What has not changed, however, are the general ways in which parties commit or conceal their improper acts.

WHAT IMPACT HAVE THESE CHANGES HAD ON YOUR ACCOUNTANCY PRACTICE?

Within A&M, the forensic accounting professionals work alongside our forensic technology team (covering e-disclosure, document management and complex data analytics). Many younger professionals are multiskilled possessing both the accounting and technology capabilities. I see this trend continuing. The current challenge, given the rapid pace of technology advancement, is for the practice to stay up to date and relevant by adapting processes and methodologies to reflect new capabilities, provided it is efficient and effective to do so. In this regard, the market and practices will continue to change rapidly in the short term.

HOW DO YOU SEE ALVAREZ & MARSAL’S DISPUTES AND INVESTIGATIONS PRACTICE DEVELOPING OVER THE NEXT FIVE YEARS?

A&M is growing rapidly across European and emerging market jurisdictions in other services such as insolvency, restructuring, transaction advisory and financial services advisory. All of these services or routes to market naturally complement the forensic accounting specialism and we see the disputes and investigations practice expanding alongside these practices over the next few years. At the same time, continuing to serve our core clients in our core locations (UK, Germany, Middle East, Hong Kong, China, India, Brazil and the US) while expanding our offering into new locations will bring natural growth.

WHAT ADVICE WOULD YOU GIVE YOUNGER EXPERTS HOPING TO ONE DAY BE IN YOUR POSITION?

Don’t focus too quickly. By that, I mean don’t focus on accounting too quickly. Having a wide range of experiences and a good understanding of real life before becoming an accountant makes you appreciate that numbers are just numbers and that the accounting should reflect the reality of the situation. 

Three pieces of general advice that I was given and recall are: you never get a second chance to make a first impression, so make the most of it; do something you enjoy doing – like what you do and who you do it with; and finally, your career and job is what you make it. Don’t wait for others – grab every opportunity that comes your way.

Biographies:

Who's Who Legal Asset Recovery: Experts

Julian Jones is a managing director and a member of the executive committee of Alvarez & Marsal’s disputes and investigations group, based out of its London office. He brings more than 20 years of accounting experience, with over 18 years of specialist experience in financial investigations and disputes and has served both advisory and expert witness-related roles.

Mr Jones has worked on investigations throughout the UK, Europe, the US and the Middle East for lawyers, public and private sector clients, governments and regulators. Mr Jones brings significant experience in conducting confidential reviews, working either independently or in conjunction with a company's internal counsel. He has also provided expert opinions and given evidence on the assessment of loss, and has investigated allegations of bribery and corruption in connection with procurement managers, lawyers and accountants, bank officers, sports clubs, shipping agents, trustees of pension funds, and managing directors of both quoted and unquoted companies.

Mr Jones has acted in many high-profile cases including leading A&M’s investigations in connection with the bankruptcy of Lehman Brothers and providing evidence in connection with several major High Court disputes related to Lehman Brothers intercompany relationships and the working practices between entities. He also investigated several issues linked to Lehman’s structured transactions group and assisted the team leading the wind-down of those structures; analysing multiple pieces of financial information on behalf of a government in order to trace and identify worldwide assets of the former rulers of one of the Arab Spring countries; acting for various UK regulators in investigating the work of other accountants in several high-profile matters; assisting attorneys to Citibank in an action arising from the collapse of Parmalat; working on behalf of financial regulators in analysing various boiler room and Ponzi scheme frauds to identify funds flows.

Mr Jones' experience includes assessment of quantum, loss of profit, due diligence assistance, asset-tracing, fraud and financial crime. His work has covered many sectors including retail, residential and commercial building development, shipping, oil and gas, automotive, retail wholesalers and manufacturers, telecoms, financial services and professional services companies. Many of Mr Jones’ cases have required the efficient handling and reviewing of large volumes of electronic data, using advanced forensic computing and data analytical techniques.

Mr Jones earned a bachelor's degree in mechanical engineering from Imperial College in London and trained as a chartered engineer with British Steel Corporation. He is a member of the Institute of Chartered Accountants in England and Wales.

WWL says: Julian Jones is a standout name in the investigations space who comes highly recommended by market commentators for his impressive work on asset tracing and identification relating to financial investigations.

This biography is an extract from Who's Who Legal: Asset Recovery which can be purchased from our Shop.

Who's Who Legal Consulting Experts: Experts - Investigations - Forensic Accountants

Julian Jones is a managing director and a member of the executive committee of Alvarez & Marsal’s disputes and investigations practice, based out of its London office. He brings more than 20 years of accounting experience, with over 18 years of specialist experience in financial investigations and disputes and has served both advisory and expert witness-related roles.

Mr Jones has worked on investigations throughout the UK, Europe, the US and the Middle East for lawyers, public and private sector clients, governments and regulators. Mr Jones brings significant experience in conducting confidential reviews, working either independently or in conjunction with a company's internal counsel. He has also provided expert opinions and given evidence on the assessment of loss, and has investigated allegations of bribery and corruption in connection with procurement managers, lawyers and accountants, bank officers, sports clubs, shipping agents, trustees of pension funds, and managing directors of both quoted and unquoted companies.

Mr Jones has acted in many high-profile cases including leading A&M’s investigations in connection with the bankruptcy of Lehman Brothers and providing evidence in connection with several major High Court disputes related to Lehman Brothers intercompany relationships and the working practices between entities. He also investigated several issues linked to Lehman’s structured transactions group and assisted the team leading the wind-down of those structures; analysing multiple pieces of financial information on behalf of a government in order to trace and identify worldwide assets of the former rulers of one of the Arab Spring countries; acting for various UK regulators in investigating the work of other accountants in several high profile matters; assisting attorneys to Citibank in an action arising from the collapse of Parmalat; working on behalf of financial regulators in analysing various boiler room and ponzi scheme frauds to identify funds flows.

Mr Jones' experience includes assessment of quantum, loss of profit, due diligence assistance, asset tracing, fraud and financial crime. His work has covered many sectors including retail, residential and commercial building development, shipping, oil and gas, automotive, retail wholesalers and manufacturers, telecoms, financial services and professional services companies. Many of Mr Jones’ cases have required the efficient handling and reviewing of large volumes of electronic data, using advanced forensic computing and data analytical techniques.

Mr Jones earned a bachelor's degree in mechanical engineering from Imperial College in London and trained as a chartered engineer with British Steel Corporation. He is a member of the Institute of Chartered Accountants in England and Wales.

WWL says: The “excellent” Julian Jones is a leading name in the UK market. His investigative experience spans Europe, the US and the Middle East.

This biography is an extract from Who's Who Legal: Consulting Experts which can be purchased from our Shop.

Who's Who Legal Consulting Experts: Experts - Investigations - Asset Recovery Experts

Julian Jones is a managing director and a member of the executive committee of Alvarez & Marsal’s disputes and investigations group, based out of its London office. He brings more than 20 years of accounting experience, with over 18 years of specialist experience in financial investigations and disputes and has served both advisory and expert witness-related roles.

Mr Jones has worked on investigations throughout the UK, Europe, the US and the Middle East for lawyers, public and private sector clients, governments and regulators. Mr Jones brings significant experience in conducting confidential reviews, working either independently or in conjunction with a company's internal counsel. He has also provided expert opinions and given evidence on the assessment of loss, and has investigated allegations of bribery and corruption in connection with procurement managers, lawyers and accountants, bank officers, sports clubs, shipping agents, trustees of pension funds, and managing directors of both quoted and unquoted companies.

Mr Jones has acted in many high-profile cases including leading A&M’s investigations in connection with the bankruptcy of Lehman Brothers and providing evidence in connection with several major High Court disputes related to Lehman Brothers intercompany relationships and the working practices between entities. He also investigated several issues linked to Lehman’s structured transactions group and assisted the team leading the wind-down of those structures; analysing multiple pieces of financial information on behalf of a government in order to trace and identify worldwide assets of the former rulers of one of the Arab Spring countries; acting for various UK regulators in investigating the work of other accountants in several high-profile matters; assisting attorneys to Citibank in an action arising from the collapse of Parmalat; working on behalf of financial regulators in analysing various boiler room and Ponzi scheme frauds to identify funds flows.

Mr Jones' experience includes assessment of quantum, loss of profit, due diligence assistance, asset-tracing, fraud and financial crime. His work has covered many sectors including retail, residential and commercial building development, shipping, oil and gas, automotive, retail wholesalers and manufacturers, telecoms, financial services and professional services companies. Many of Mr Jones’ cases have required the efficient handling and reviewing of large volumes of electronic data, using advanced forensic computing and data analytical techniques.

Mr Jones earned a bachelor's degree in mechanical engineering from Imperial College in London and trained as a chartered engineer with British Steel Corporation. He is a member of the Institute of Chartered Accountants in England and Wales.

WWL says: Julian Jones receives widespread plaudits from peers who commend his impressive expertise in financial investigations and related accounting matters.

This biography is an extract from Who's Who Legal: Consulting Experts which can be purchased from our Shop.

Who's Who Legal Investigations: Forensic Accountants

Julian Jones is a managing director and a member of the executive committee of Alvarez & Marsal’s disputes and investigations group, based out of its London office. He brings more than 20 years of accounting experience, with over 18 years of specialist experience in financial investigations and disputes and has served both advisory and expert witness-related roles.

Mr Jones has worked on investigations throughout the UK, Europe, the US and the Middle East for lawyers, public and private sector clients, governments and regulators. Mr Jones brings significant experience in conducting confidential reviews, working either independently or in conjunction with a company's internal counsel. He has also provided expert opinions and given evidence on the assessment of loss, and has investigated allegations of bribery and corruption in connection with procurement managers, lawyers and accountants, bank officers, sports clubs, shipping agents, trustees of pension funds, and managing directors of both quoted and unquoted companies.

Mr Jones has acted in many high-profile cases including leading A&M’s investigations in connection with the bankruptcy of Lehman Brothers and providing evidence in connection with several major High Court disputes related to Lehman Brothers intercompany relationships and the working practices between entities. He also investigated several issues linked to Lehman’s structured transactions group and assisted the team leading the wind-down of those structures; analysing multiple pieces of financial information on behalf of a government in order to trace and identify worldwide assets of the former rulers of one of the Arab Spring countries; acting for various UK regulators in investigating the work of other accountants in several high-profile matters; assisting attorneys to Citibank in an action arising from the collapse of Parmalat; working on behalf of financial regulators in analysing various boiler room and Ponzi scheme frauds to identify funds flows.

Mr Jones' experience includes assessment of quantum, loss of profit, due diligence assistance, asset-tracing, fraud and financial crime. His work has covered many sectors including retail, residential and commercial building development, shipping, oil and gas, automotive, retail wholesalers and manufacturers, telecoms, financial services and professional services companies. Many of Mr Jones’ cases have required the efficient handling and reviewing of large volumes of electronic data, using advanced forensic computing and data analytical techniques.

Mr Jones earned a bachelor's degree in mechanical engineering from Imperial College in London and trained as a chartered engineer with British Steel Corporation. He is a member of the Institute of Chartered Accountants in England and Wales.

WWL says: Julian Jones stands out as a pre-eminent figure in the area thanks to more than 18 years focusing on financial investigations and disputes throughout the Europe, the Middle East and the United States.

This biography is an extract from Who's Who Legal: Investigations which can be purchased from our Shop.

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