Expert Witness Services
An Expert in Economics
At the Center For Forensic Economic Studies we offer our clients a variety of economic support services in litigation including:
- Personal injury damages
- Commercial damages
- Labor and employment litigation damages
- Employment discrimination analysis
- Business valuation
Why Hire An Expert Witness Or Forensic Economist?
Affirmative damages reports
What is the total economic loss as a result from a certain event or events?
Both plaintiff and defense clients rely upon affirmative damages reports to determine the total economic loss from specific events. In affirmative reports we often calculate lost earning capacity, lost fringe benefits, the replacement value of household services, and the lifetime cost of future medical care. In the determination of the total economic loss we are also mindful of all necessary deductions including residual earning capacity, residual fringe benefits, personal consumption expenditures (death cases) and any legally required deductions for collateral benefit streams.
Critiques of the Opposing Economist’s Analysis
When critiquing an opposing economist’s report, we critically examine the reasonableness of each assumption made. We examine the appropriateness of the methods employed from an economic and legal perspective. As your expert witness, we will reverse engineer the opposing economist’s conclusions to verify the accuracy of the calculations.
In providing a critique of the opposing economist’s report our goal is to assist our client in understanding the economic principles employed in the analysis and how various assumptions employed may have resulted in a likely misstatement of the true economic damages in the particular matter which results in an unreliable presentation of economic damages to the jury. This then opens the case to presenting our own economic damages report.
Cross-Examination of the Opposing Economist & Other Topic Elements Undiscovered
Given the highly technical nature of economic loss reports, a forensic economist can often assist clients in outlining depositions topics for the opposing economist’s deposition and provide cross-examination outlines for trial. There is no better way to go toe to toe with the opposing economist than to work with your own economist in developing your line of inquiry. We also work with clients in understanding what areas of inquiry matter most with regard to the total economic damages presentation. We offer clients general areas of inquiry as well as detailed lines of examination.
The Center for Forensic Economic Studies has earned a national reputation as a leading provider of expert analysis in matters arising in litigation, focusing on economic loss and expert witness testimony on damages.
Since 1980, our team of economists, statisticians, accounting experts, and other forensic professionals have worked with leading firms, assisting with discovery; uncovering key data; critiquing opposing claims; and producing clear, credible reports and testimony. Attorneys and their clients have relied on our expertise in thousands of cases, both here on the East Coast and across the United States.