Economist Expert Witness
Economist 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 should also possess the ability to describe complex economic matters and evidence to a judge and jury. In a prominent case, or litigation involving a significant financial stake, a law firm may 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 assesses fundamental factors in the economy (such as households, companies, buyers, and sellers), while macroeconomics studies the economy as a system (such as employment, capital, land, the cost of living, and economic growth). Forensic economics applies economic theories and methods to pecuniary damages matters. A forensic economic expert can be involved to support economic matters including personal and commercial litigation, economic damage estimations, fraud, economic loss because of personal injury, antitrust conflicts, and other business, property, and asset valuation.
Economist Expert Witness Litigation Assistance
Litigation support by an economics expert witness could consist of record analysis, an expert report, expert opinion, deposition, trial preparation, as well as expert testimony in court. In addition, the lead attorney may ask for an economic expert for pre-litigation consulting work. Representing the plaintiff or defendant, Forensic Economic Services is frequently contacted by leading law firm clients to find expert witnesses for a wide range of financial litigation issues. The firm has performed many searches for an economics expert for a wide range of issues including:
- labor economics
- commercial litigation
- applied economics
- U.S. labor market
- Los Angeles real estate valuation
- punitive damages calculations
- wrongful termination in Illinois
- business interruption damages evaluation
- economic issues associated with life care planning
- contract disputes
- personal injury claims
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