Business litigation comes in many forms. Businesses can be sued by clients, customers, vendors and be involved in class action lawsuits for a variety of reasons. Financial expert witnesses have the experience of their field combined with the experience of presenting their findings in a court of law. The expert can be the key to how the case is decided. Here are some of the advantages of using one.
A financial expert witness analyzes the claim and the financial report included in it. The expert should be able to understand what the report states and the economic implications to the business. This analysis can be critical during negotiations when a claimant wants a greater financial windfall than actually accrued. The expert relies on statistics and facts in their calculations. They examine the methodology used in the report for both parties and compare them to each other.