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Threat mitigation and professional witness consultancy HKA has been lauded by a world rating of the sector. The agency was listed second within the GAR 100 Knowledgeable Witness Corporations Energy Index for 2024.
HKA is a world consultancy specialising in danger mitigation, dispute decision, professional witness and litigation help providers. In addition to greater than 500 advisors and consultants throughout 45+ places of work in 17 international locations, this implies HKA additionally has 500 professional witnesses in its ranks.
In recent times, HKA has been rising its providing within the arbitration market via both organic growth and strategic acquisitions. Reflecting this increasing prowess, HKA has been named as one of many prime performers in World Arbitration Evaluation’s annual power-ranking of the business.
The GAR 100 Knowledgeable Witness Corporations’ Energy Index is a listing of specialist worldwide arbitration practices. Through the years, it has change into apparent that worldwide arbitration is its personal talent set – separate from litigation, and the rating helps customers of worldwide arbitration discover the corporations which have true expertise and ringcraft obligatory for the very best outcomes.
HKA first ranked within the GAR 100 Knowledgeable Witness Energy Index in 2018 with a rank of 19. Via its service providing diversification to realize market growth outdoors of the development business, the agency has been regularly gaining momentum within the arbitration sphere. The agency broke into the highest 5 in 2023 with the very best proportion change of any agency listed within the prime spots, with a complete declare worth rising from $9.7 billion in 2022 to $25.9 billion.
Within the newest 12 months, HKA achieved a complete declare worth of $53.8 billion for the 2024 benchmark, greater than doubling its earlier 12 months’s efficiency, and scoring as the highest agency by this metric. General, this noticed HKA place second on the checklist.
Renny Borhan, chief government officer at HKA, commented, “I’m delighted to see that HKA now sits at second total on the GAR 100 Knowledgeable Witness Energy Index, up three locations from final 12 months. The Energy Index demonstrates the distinctive work we ship on complicated arbitration dispute instances. This acknowledgement supplies our specialists and our agency with excellent recognition for the work we do. It justly commends the distinctive stage of experience amongst our colleagues, and our agency’s dedication to delivering world-leading arbitration professional witness help providers for our purchasers.”
The Energy Index additionally highlighted HKA’s efficiency in hearings. Based mostly on disaggregated hearings, the agency once more got here first with a complete of 193 (up from 128). With 135 hearings total (up from 98), this positioned HKA second total on this measure. HKA additionally boasted the very best variety of disaggregated cross-examinations, with a complete of 166, in addition to essentially the most disaggregated industrial hearings, with a complete of 171.
The publication additional factors to the agency’s growth past the development business with the addition of forensic accounting and industrial damages providers, highlighting how “HKA has been increasing via acquisition and lateral hires […] who’ve helped to alter its id as a construction-only store, in addition to rising the worth being dealt with.”
Talking on how the agency has achieved this, Borhan added, “Honest gratitude firstly to all of the work our gifted specialists and their groups persistently ship – this newest rating is a testomony to their capability to ship honest, sturdy and credible reviews and testimony throughout a rising vary of geographies and market industries. After all our specialists wouldn’t be right here with out our purchasers. We’re so grateful within the belief they put in us to assist them resolve complicated and contentious points, and we are going to sit up for working with them to repeatedly enhance our service supply within the realm of arbitration and past.”
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