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Average Economic Damages Expert Witnesses Court Fees
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This expert is the head of a successful practice that is experienced in reviewing and testifying in state and federal complex civil litigation. More than 400 engagements and 70 testimonies. Specializations include loss of earnings in tort cases (personal injury, wrongful death, employment disputes) and loss of profits or business value in contract breach and intellectual property commercial cases. Past work done for plaintiff and defense attorneys in similar proportion.
Managing Principal, Consultancy firm
Doctor of Philosophy (PhD), Indiana University
Florida
This expert has 35 years of experience in the field of economics and statistics. He earned his BA from Slippery Rock University and his PhD in economics from Kansas State University. He completed a fellowship in econometrics, energy and regional economics at Northwest College. He is a member of the National Association of Forensic Economics and the National Association of Business Economics. He previously served as an economist in the New Jersey Department of Labor, as an assistant professor of economics at Georgian Court University and as a professor of economics and statistics at Florida Southern College. This expert is currently a professor of economics and statistics at a university in Florida, an affiliated professor of economics at a university in Tennessee and an economist and principal at an economics firm in Florida.
Economist and Principal, An Economics Firm in FL
Doctor of Philosophy (PhD), Kansas State University
Winter Haven,
Florida
Find Economic Damages Expert Witnesses In:
What Can an Economic Damages Expert Witness Opine On?
Loss of Earnings Assessment
Calculating potential income loss due to damages.
Business Valuation
Determining the worth of a business.
Future Earnings Projection
Estimating future income based on current data.
Cost of Replacement Analysis
Evaluating costs to replace damaged assets.
Life Care Planning
Calculating future care costs for injuries.
Economic Impact Analysis
Assessing broader financial effects of an event.
FAQs for Economic Damages Expert Witnesses
What is a economic damages expert witness?
An economic damages expert witness is a financial professional who quantifies monetary loss in legal cases. They assist by reviewing records, calculating damages, testifying, and clarifying complex financial issues.
In what case types can an economic damages expert witness provide valuable assistance?
An economic damages expert witness adds value in personal injury, wrongful death, employment, commercial litigation, business valuation, IP infringement, and contract dispute cases.
How should I evaluate an economic damages expert witness’s credentials and training?
Evaluate an economic damages expert witness’s credentials by reviewing their economics education, professional certifications, case experience, publications, and prior testimony.
How does an economic damages expert witness calculate lost business profits?
An economic damages expert witness calculates lost business profits by comparing projected earnings to actual results, adjusting for market conditions, expenses, and mitigation efforts.
What methodologies does an economic damages expert witness use to quantify future losses?
An economic damages expert witness quantifies future losses using discounted cash flow, earnings projections, life expectancy, and industry data to calculate present value.
What is Expert Institute’s process for selecting economic damages expert witnesses?
Expert Institute delivers a tailored approach to connect you with top-tier experts. We identify actively practicing professionals who meet your exact criteria for specialty, experience, litigation background, fee structure, credentials, location, and more.