Biography
David E Wensel is a director in the Chicago office of LECG. Prior to joining LECG Mr Wensel was a director in the Chicago office of Peterson Consulting, a unit of Navigant Consulting, Inc. Over the course of Mr Wensel’s tenure with Peterson Consulting and LECG he has assisted clients in connection with breach of contract, valuation, bankruptcy, regulated industry, cost-based claims, securities fraud, and other client engagement matters. In the realm of commercial disputes Mr Wensel has had supervisory engagement responsibility in connection with lost profit analyses, discount rate calculations, excess cost determinations, and fixed/variable cost analyses. His experience includes supervisory roles on engagements involving damages determinations in the manufacturing, distribution, and retail segments of numerous industries. Specifically, he has developed damage models to aid in the computation of losses resulting from breach of contract.
In connection with model development he has performed profitability analyses to establish cost and revenue relationships based on normalized historical operations. He has performed market analyses to generate informed and reasonable assumptions pertaining to business performance under conditions of contract compliance. Additional ancillary analyses Mr Wensel has conducted include discount rate calculations involving cost of capital computations as well as the determination of fixed versus variable nature of costs. Mr Wensel’s engagement responsibilities have included supervisory roles in a variety of practice area settings including commercial disputes, bankruptcy, and regulatory matters. In connection with his bankruptcy experience he has assisted clients with the development of plans of reorganization involving the development of pro forma operating results based upon analyses of operations, determinations of capital expenditure requirements, market studies, profitability analyses, and the analysis of financing alternatives. In addition Mr Wensel has assisted clients on engagements involving the determination of asset value and solvency-related valuation analyses.
Mr Wensel’s bankruptcy experience also includes the supervision of analyses of pre-petition financial transactions of businesses in many industries including the telecommunications, airline, auto, and internet services industries as well as many others. Such analyses include reviews of related party dealings and preferential transfer and fraudulent conveyance analyses. He has conducted asset-tracing analyses involving the review of accounting and financial records of scores of affiliated limited partnerships and closely held corporations over periods ranging up to 25 years of business activity.
With respect to regulatory matters Mr Wensel has experience in excess cost determination specifically related to increased construction project interest due to regulatory event and management decision impacts on cost budgets and completion schedules of construction projects. He developed cost allocation models to apportion construction project interest across dozens of construction cost and schedule impacting events. In addition Mr Wensel developed automated models designed to reshape project construction expenditure curves to remove cost and schedule impacts of specific exogenous events in order to quantify the cost impact to the project of those events.
Mr Wensel received his Bachelor’s Degree from Carthage College in economics and philosophy. He received his MBA from the University of Texas with concentrations in finance and accounting. While attending graduate school, Mr Wensel worked with an Austin area CPA practice, providing the firm’s clients with analyses of planned development projects to assess financial feasibility and help market the projects to lenders.
Profile Highlights
Industry Specialization
- Engineering (Accting, Research, Mgt)
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Employment History
- 2002 to present, LECG Director
Education
- University of Texas at Austin, MBA
- Carthage College, BA