Q&A with FRA Partner Charlie Patrick and Lexology Index
Lexology Index Thought Leaders: Global Elite brings together the insight, expertise and wisdom of some of the world’s foremost lawyers and experts in a single report, featuring Q&As with dozens of eminent practitioners across multiple practice areas. We are delighted that four of FRA's senior leaders were recognized in the 2026 Lexology Index Global Elite Thought Leader – Forensic Accountants listing, including FRA Partner Charlie Patrick.
In the Q&A, Charlie reflects on his evidence-led forensic philosophy, his work on the ICEP investigation, and his approach to industry-specific and cross-border matters. He also examines regulatory developments and the role of new forensic technologies. Read Charlie’s Q&A below.
- What is the philosophy behind your approach as a forensic accountant?
My approach is rooted in the principle that facts and evidence must drive every investigation. While each case inevitably reveals a range of matters of interest, it’s essential to apply judgment in determining which issues merit deeper pursuit to meet the overall objectives. Forensic work is a constant balance between thorough fact-finding and pursuing project goals, whilst keeping the client’s resources in mind. Ultimately, our role is to uncover and clearly communicate the facts, translating complex issues into actionable findings for counsel and decision-makers. Building client trust as we progress is key.
- Looking back over your career, what is the most interesting investigation you have been a part of?
During my five years working in Central and Eastern Europe, I was involved in many fascinating investigations, but the most impactful was supporting Paul Volcker’s Independent Committee of Eminent Persons’ (ICEP) investigation into dormant accounts in Swiss banks in the late 1990s. The work had both historical and humanitarian significance, combining complex forensic analysis with a broader moral imperative to trace and account for assets long left unclaimed.
- How do you tailor your investigative approach when working with different industries?
Each investigation starts with understanding the aspects of the industry that are most relevant to the matter at hand. Every sector has its own operating norms, data environments and risks, so taking the time to learn how the business really works is essential. When working in a new industry, I make sure to include team members with prior experience in that field, or, where that’s not possible, work closely with the client to gain the necessary context and insights to ensure our analysis is accurate and meaningful.
- What strategies do you use to investigate cross-border financial fraud involving multinational operations?
Cross-border investigations rely on strong collaboration and clear communication. I focus on building solid working relationships with counsel from the outset to ensure alignment on objectives and strategy. It’s also critical to involve team members with the right language skills and local knowledge to navigate jurisdictional nuances and cultural differences. Throughout the engagement, maintaining constant communication within the team, with counsel, and with the client is key to keeping the investigation coordinated, efficient and effective.
- What recent regulatory changes have had an impact on forensic accounting, and how are you adapting your practice to comply with these new regulations?
Recent shifts in regulatory activity have seen fewer investigations being driven by the UK, with an increasing focus coming from the U.S. and European authorities. To adapt, we stay closely attuned to developments in these jurisdictions and adjust our investigative methodologies accordingly, ensuring our practices remain fully compliant while continuing to deliver results for clients facing cross-border regulatory scrutiny.
- How do you go about evaluating the effectiveness of forensic accounting software solutions in real-world investigations?
When assessing new forensic accounting software, I work closely with FRA’s Forensic Technology colleagues to understand the capabilities and limitations of different tools. It’s important to be transparent with counsel and the client if we are trialling new technology during a project, ensuring they are aware of any risks or uncertainties. This approach allows us to test and validate solutions in real-world scenarios while maintaining trust and accountability.
Lexology Index comments - "Charlie is very experienced in conducting investigations and carrying out complex analyses, with expertise spanning various industries that enhances his effectiveness in complex cases."
