Here’s what you’ll see:

• “New Study Reveals BV Research Sources of Choice” (BVR Editor). A survey of business valuation firms asked about research tools used for industry analysis, transactions, premiums and discounts, cost of capital, guideline public company analyses, compensation, valuation-related case law, and more.
• “How the Healthcare Industry Misuses and Abuses Survey Data” (Mark O. Dietrich and Timothy Smith). Compensation survey data do not provide a complete and precise depiction of the physician marketplace for any physician deal. The authors debunk the current “survey says” paradigm and provide the foundation for a completely new standard for the fair market value of physician clinical compensation.
• “Evolving Issues in Proving Lost Profits in Commercial Litigation” (Stanley P. Stephenson, Gauri Prakash-Canjels, and David A. Macpherson). The authors provide a formal model of lost profits with a special focus on measurement of expenses, how “time” is a factor, and special efforts the expert needs to make to reduce the chances of failing a Daubert challenge.
• “VRC Mixes Valuation Work With Giving Back to the Profession” (BVR Editor). Senior members of Valuation Research Corp. (VRC) give an update on the firm’s work in M&A advisory, transactions, portfolio valuations, and more, but they also talked about the role the firm plays in the development of the valuation profession itself.
• “The Secrets to Expert Testimony That Engages and Persuades a Court” (Deborah Johnson). Some techniques to help prevent experts from imploding during fierce cross-examination.
• “Daubert Rulings Reflect Courts’ Disparate Views on Gatekeeping Role” (Sylvia Golden, Esq.). As several recent court decisions show, different judges interpret the gatekeeping role, which they assume under Rule 702 and Daubert, very differently. Some courts take a liberal approach, while others favor close scrutiny of the expert’s qualifications and proposed opinion.

The issue also includes:

• An expanded section of “BV News and Trends/Global BV News and Trends.”
• Regular features: “Ask the Experts” and “Tip of the Month.”
• BV data spotlight: “DealStats MVIC/EBITDA Trends,” “ktMINE Royalty Rate Data,” “Economic Outlook for the Month,” and “Cost of Capital Center.”
• BVLaw Case Update: The latest court cases that involve business valuation issues.

To stay current on business valuation, check out the April issue of Business Valuation Update.