Frequently Asked Questions

+ Why do I need to hire a company like LexPro Research?
As history has shown, public agencies and regulatory bodies cannot protect everyone all the time – one need look no further than Bernard Madoff. You can no longer do business with someone based solely on the fact that the individual is “respected” or has “proven” returns. Companies and business people must now rely on as much independent and objective data that they can reliably obtain in an effort to make well-informed decisions.
+ Why should I use LexPro Research rather than a large investigative firm like Kroll or one of the “big four” accounting firms?
LexPro Research’s partners have worked at top-tier investigative firms and name brand accounting firms so we can provide the same high-quality research and results, but at a fraction of the price.
+ Can’t I find everything I need to know about a person or a company on the Internet?
Contrary to what is portrayed in film and on television, there is not one massive computer or database – not even the Internet – that stores all known information on a person or a company. Although the growth of online sources and the volume of information they contain are massive, a significant amount of information is not available online. In fact, as of 2015 less than half of all public records are available online, according to a leading public record source publication.

And finding information in today’s content rich world is not always the difficult part. Information can be found in hundreds or even thousands of places. The critical component is sifting through the data efficiently, vetting it for accuracy and reliability, as well as analyzing the information and distilling it to only the most relevant and meaningful elements.
+ My firm has Lexis-Nexis and Internet access, can’t I just do the same research?
The most traditional records sources – local, state, and federal agencies, and of course, the library – have always been publicly accessible, as are many online resources. But professional researchers and investigators are able to search and obtain information much more efficiently and accurately. Equally important to where information is located, is HOW sources are searched.

Most due diligence and background investigations, especially in the United States, include many of the same public sources, such as: criminal records; civil litigation filings, including bankruptcy, liens, and judgments; regulatory filings; Secretary of State filings and corporate records; property records; media reports; and of course, the Internet. But how these sources are searched can make an enormous difference in the quantity, quality, and reliability of the information returned. Take something as widely available and powerful as Google for example. How the average or even Internet savvy person searches Google compared to how a professional utilizes it can produce vastly different results. In other words, most people can add, subtract, multiply and divide – yet many still rely on an accountant to prepare their taxes.
+ Is all the information you provide from public record sources?
Although the majority of information we collect is publicly available, we do have access to proprietary information databases as well as confidential human sources. Specialized resources and human intelligence is especially important when conducting work overseas and particularly in locales where public records are not well organized, maintained, accessible or reliable.
+ What do your services cost?
Like other services, costs can vary depending on the depth of research and level of detail. Although LexPro Research has hourly billing rates, we typically undertake work on a project basis that normally offers a discount or economies of scales.

For example, if we conduct research on several individuals in connection with one transaction – such as the CEO, CFO, and COO of a particular company – and one person requires more research than another, we can often balance costs out across the entire project. We can also tailor a scope of work and related costs to match a particular deal’s “size.” Our work product is equal to if not better than some “name brand” firms – but at a fraction of the price. And when it comes to cost, it is important to remember that proper due diligence is usually a fraction of the investment. And not only can due diligence help protect from actual losses, but exercising one’s fiduciary duty and proper care can also help mitigate against further losses – namely potential liability claims in the event an investment fails.
+ How long does the research take?
Normally we alert our clients immediately if we uncover any adverse information or “red flags.” We typically provide a report in five to seven business days, barring any unforeseen circumstances. That said, we can occasionally accommodate shorter timeframes. (We have even provided reports – with as much information as available – in 24 hours or less.) International work tends to take a bit longer, but we routinely provide updates. Of course a particular project or work outside of the U.S. may require additional time, but we always work as fast and efficiently as possible.