Economics expert witness candidates usually have experience in forensic accounting, economic damages, business valuation, tax law, financial services, and/or are certified public accountants (CPA) or certified fraud examiners. An economics expert witness should not only have the appropriate substantive expertise but must also have the ability to explain complex financial issues and evidence to a judge and jury. In a high-profile claim, or litigation involving a major financial stake, a law firm may need an economist or damages expert with previous expert testimony experience. The chosen expert could be a member of an industry organization such as the National Bureau of Economic Research (NBER), the American Economic Association (AEA), or the National Association of Forensic Accountants (NAFA).
Microeconomics evaluates basic factors in the economy (such as households, companies, buyers, and sellers), while macroeconomics studies the economy as a system (such as employment, resources, land, inflation, and economic growth). Forensic economics uses economic theories and techniques to pecuniary damages issues. A forensic economist can be involved to support economic matters including personal and commercial litigation, economic damage estimates, fraud, economic loss because of personal injury, antitrust disputes, and various other business, property, and asset valuations.
Economic Expert Witness Litigation Assistance
Litigation assistance by an economics expert witness could consist of document analysis, an expert report, expert opinion, deposition, trial preparation, and expert testimony in court. In addition, the lead attorney might request an economic expert for pre-litigation consulting work. Representing the plaintiff or defendant, Forensic Economic Services is regularly called upon by leading law firm clients to locate expert witnesses for a wide variety of financial litigation issues. The company has carried out many searches for an economics expert for a wide variety of issues including:
- labor economics
- commercial litigation
- applied economics
- U.S. labor market
- Los Angeles real estate valuation
- punitive damages estimates
- wrongful termination in
- business interruption damages evaluation
- economic matters associated with life care planning
- contract disputes
- personal injury cases
Our Economists can assist you in various areas, including but not limited to business, intellectual property, personal injury, employment, and competition matters. They are experienced in applying economic theory, complex data, and quantitative methods to questions related to litigation. Our Economists are members of the National Association of Forensic Economics and the American Economic Association. Give us a call at (424) 308-0393 or visit our website: Rule703.com for more information