Economics expert witness candidates generally have experience in forensic accounting, economic damages, company 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 possess the ability to describe complicated financial matters and evidence to a judge and jury. In a prominent claim, or litigation involving a considerable financial stake, an attorney might need an economic expert or damages expert with prior 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 elements in the economy (such as households, firms, buyers, and sellers), while macroeconomics studies the economy as a system (such as employment, capital, land, inflation, and economic growth). Forensic economics applies economic concepts and methods to pecuniary damages issues. A forensic economist can be involved to assist economic issues including personal and commercial litigation, economic damage estimates, fraud, economic loss due to personal injury, antitrust disputes, and other business, property, and asset valuation.
Economic Expert Witness Litigation Support
Litigation assistance by an economics expert witness could include record analysis, an expert report, expert opinion, deposition, trial preparation, as well as expert testimony in court. In addition, the lead attorney may request an economic expert for pre-litigation consulting work. Representing the plaintiff or defendant, Forensic Economic Services is regularly contacted by leading law firm clients to find expert witnesses for a wide range of economic litigation issues. The company has conducted a number of searches for an economics expert for a wide range of matters including:
- labor economics
- commercial litigation
- applied economics
- U.S. labor market
- Los Angeles real estate valuation
- punitive damages estimations
- 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