Tips On Choosing An Economic Damages Expert Testimony

By Daphne Bowen


Nowadays, people face so many lawsuits, and if you are not prepared with the best defense, you might lose a case that might affect your life forever. When you are filing a suit and you know it is a rather controversial subject such as finances and the evidence might be hard to ascertain or quantify, you might need economic damages expert testimony. The right professional might just be the lacking ingredient.

This industry is filled with many professional, so you need to know how to identify someone who can actually help with your case. If you are not careful, you might end up with a quark whom might damage the case. Below are simple tips that will help you find the right professional.

The most important thing is to get an experienced professional. Giving testimonies in court or providing reports is not something any rookie can do. You will need an old hand in the field, so consider how many years that particular individual has been doing this. Remember that some people do this as a career, which, of course, comes with an added advantage.

Another issue is court experience. Someone can write a very nice, coherent report. However, that is not all: most of these individuals are normally called upon to testify in the courtroom. In such a case, if the person is of a weak character or he has never undergone cross-examination, he may crack and put the outcome of the case in jeopardy.

Choose someone who charges affordable fees. The charges vary between professionals and regions. There are many factors in play when determining the fee. Hence, someone who is expensive is not necessarily the best in the industry. You need to interview various professionals and make a choice based on the quality of services.

Check the reputation of the professional. The expert should have a good standing in the eyes of the public as well as among other professionals in the same industry. If you hire someone who has a history of fraud or giving false or controversial reports, then you will only make matters worse.

Ensure that the expert will provide an argument that does not contradict his or her previous testimonies. If the professional has been a witness in previous similar cases, then he/she should not provide a contrary opinion to the earlier cases. Such a scenario will erode the credibility of the expert and cast his/her testimony in doubt.

The appraiser should have the necessary personnel and expertise to perform comprehensive evaluations. They need to understand every possible outcome of the events that led to the case. This will help them present an argument that is true and convincing. In the end, the jury might be swayed.

Ask if they perform forensic analysis and other related services. The appraisal of the damages should be comprehensive. It should include the current state of affairs and future forecasts.

When you are looking for a professional, you should not be assertive you simply need to present your case to the appraiser so that he/she can evaluate the matter and give you an honest opinion. When you pressurized someone, they may end up agreeing to take the job, but they may not provide a credible testimony in court.




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