Economic & Accounting Experts

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Economic Experts

Economic experts are valuable resources for both plaintiff and defense attorneys in presenting the facts of the case. An effective economic expert can testify, provide litigation support, and educate you on the economic issues of your case.

With caps on non-economic damages, the economic damages have become even more important. An economic expert can help you help your clients by:

  • Estimating future damages, discounted to today’s dollars;
  • Calculating economic losses, including wages, profits, benefits, stock options, household services, and future medical costs;
  • Appropriately adjusting for personal consumption or taxes;
  • Critiquing your opponent’s expert report;
  • Focusing on the magnitude of damages as an important part of your case strategy.

Economists can identify and measure past and future economic losses in the following:

  • Personal injury, wrongful death and wrongful termination matters;
  • Lost profits, business interruption, and business valuation;
  • Anti-trust and patent infringement matters.
Man looking at graph

PRACTICE AREAS

We determine the economic impact, such as lost wages, bonuses, and benefits, of an individual or group dismissal, layoff, failure to promote or other employment decision.

We calculate the economic damages the tort victim and/or the victim’s family members suffered. These damages may involve wages, profits, benefits, home services, and personal consumption.

We calculate the present value of future care costs and life care plans.

We offer expertise in calculating accurate and precise life expectancies using life insurance methods.

We calculate lost profits and other damages suffered as the result of a tort or breach of contract.

We provide business valuations in the areas of commercial litigation, intellectual property matters, and family law actions.

Business Man with Chart in front of him

Economists prepare expert reports, testify on economic damages, and provide consulting services. Experienced economists can advise you on:

  • Deposition and interrogatory economic questions;
  • Effective demonstrative evidence to help establish the damages amount;
  • Signaling your opponent that their expert’s opinions and assumptions will not go unchallenged;
  • Managing your client’s expectations regarding the magnitude of the damages;
  • Your strategy in settlement or trial on the credible amount of damages.

The economic expert’s involvement during discovery may be critical to the development of facts and strategy in your case. Give the expert time to learn the facts, point out the strengths and weaknesses of your case and prepare a report or critique that is focused, objective and, most importantly, credible.

Contact Thomas Roney LLC for a complete list of Testimonies