Forensic Economics Expert Witnesses in Illinois

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Forensic economics expert witnesses practice in a variety of fields, including personal injury cases, wrongful death suits, employment discrimination claims, business valuation disputes, and commercial damages litigation. Some of the most common forensic economics expert witness specialties also include wage loss analysis, life care plan valuation, economic damage calculations, lost profit assessment, and earning capacity evaluation. They can opine on the effects of economic losses due to personal injuries, the financial impact of wrongful termination, the value of lost business opportunities, the cost of medical care over a lifetime for injured individuals, and the economic implications of discriminatory practices.

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Average Forensic Economics Expert Witnesses Court Fees

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Forensic Economics Experts in Illinois

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Review Fee $465/hr
Deposition Fee $465/hr
Court Fee $465/hr

This expert has over 25 years of experience in forensic accounting, focusing on the measurement of economic damages and litigation support. He received a BS in Business Administration and Accounting at Roosevelt University and is an active, certified Public Accountant, Global Management Accountant, Financial Forensic Specialist, and Fraud Examiner. This expert has experience across numerous industries including agriculture, construction, manufacturing, and healthcare. He has participated in numerous seminars involving the measurement of economic damages to the legal profession, insurance industry personnel, and the private sector. He has utilized his expertise in numerous legal proceeding including a matter in which he was hired to quantify damages in a product liability matter involving agricultural growing materials purchased by a cooperative of farmers. Such experience has made him proficient in the commercial agricultural operations, agricultural cooperatives, and other farm services. He is currently a Partner at an international forensic accounting firm.

Partner, An International Forensic Accounting Firm in IL

Bachelor of Science (BS), Roosevelt University

Chicago,

Illinois

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FAQs for Forensic Economics Expert Witnesses

What is a forensic economics expert witness?

A forensic economics expert witness is a professional who applies economic theories and methods to legal issues, often providing testimony in court cases involving economic damages.

In what types of cases can a forensic economics expert witness be beneficial?

Forensic economics experts are often used in personal injury, wrongful death, employment discrimination, and business loss cases where economic damages need to be calculated.

How does a forensic economics expert calculate economic damages?

They use various methodologies including present value calculations, statistical analysis, and labor market surveys to estimate the financial impact of an event or action.

Are there subspecialties within the field of forensic economics?

Yes, some forensic economists specialize in specific areas such as labor economics, health economics, or industrial organization which may be relevant depending on the case specifics.

Can a forensic economics expert help with patent infringement cases?

Absolutely. They can provide valuable insights into the calculation of reasonable royalties and lost profits due to patent infringement.

How does Expert Institute select its Forensic Economics expert witnesses?

Expert Institute offers a personalized approach to help you find the highest quality experts. We source actively-practicing professionals who match all your requirements for specialty areas, work experience, litigation history, fee range, certifications, location, and more.

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