Hiring a Specialist for an Expert Witness Report

It’s not always easy finding an expert. After all, it takes years of experience learning everything about one topic and could include schooling or licensing. When looking for an expert witness for a case involving federal or state law or regulations, make sure your expert has what it takes to establish credibility and write with authority. This is of particular importance with banking litigation support. Any reports that your expert submits must meet the Federal Rule for Civil Procedure 26.

How to Find Your Expert

To locate such an expert to write an acceptable report for you, start with high ranking professionals from the banking industry. These could be ones currently working in banking or recently retired. Spend time looking over their accomplishments and familiarizing yourself with their expertise. Then, it’s time to question them about their knowledge of the litigation before you and see how they can be of service.

Find out what your potential expert knows about your specific case and what they do not know. You want to make sure the report supports your case and does not leave holes in any necessary information. Taking the time to check the credentials of your expert goes a long way toward ensuring a positive outcome for your case.

How an Expert Assists with Cases on Banking Industry Standards

Banking is a specialized industry that outsiders do not understand. This is even before you start dealing with the numbers. There are specific industry standards that only those who wrote the standards and those who deal with them regularly understand. This is why you need a financial expert witness to help you with your case. This professional will have in-depth knowledge of the industry that will help you build your case, as well as credibility on the witness stand.

Offering Knowledge & Lending Authority

Look at members and former members of the industry to provide you with insight. Seek someone with long years of service, as well as highly placed positions in banking. This is someone who commands respect and can contribute a wealth of inside knowledge essential for a resolution in your favor.

Although this expert has extensive knowledge and experience, this individual is not trained as an attorney. Their role is not as the one to try the case, but as one who can offer deep insight into the case, as well as testify with authority. It will serve your interests best when this professional is an established name inside the industry. With these recommendations in mind, you can look for an expert witness who fits the bill.

Preparing for a Case with an Expert

A good legal case is the result of teamwork. It’s a blend of strengths and experience that is built on a sound strategy that is presented to emphasize facts and evidence.

Like all good teams, each member has different skills and qualifications to offer that are vital to moving the team toward success. For a financial legal case, you need an attorney and legal staff to cover all the relevant judicial aspects of the matter. You also need a qualified financial professional who can provide banking litigation support.

When you find an experienced professional with a background as an expert financial witness, such as Michael F. Richards, that person is the final piece of the puzzle you need for your case preparation. The most effective way to proceed with bringing the case together is to lay out the financial points you wish to touch upon, where you need a greater depth of knowledge that the financial expert can provide, and what role you foresee for the banking litigation support professional as the preparation moves ahead.

Of course, meetings are a vital piece of the landscape, but so are tasks that you can ask the expert to handle to provide the relevant information and work product to you for integration into the case.

Choosing a Financial Expert Witness for the Right Case

When you’re working on a legal case that hinges upon or is completely based on financial issues, principles, or detail, then you need to work with a financial expert witness. A court-recognized expert will provide the information and figures that lend validity and authority to your case.

Michael F. Richards is available to assist you. He draws upon an impressive breadth of experience in the financial sector, coupled with a great deal of involvement with legal cases, to present himself as a viable witness for financial cases of all sizes and scope.

When you are seeking an expert, you have to focus on experience and credentials. You want to work with someone who has hands on experience in the field, as well as an individual who has spent time studying the industry. A well-rounded expert will be able to talk to you about your case, ensuring you have the information you need to proceed.

Verify those credentials and experience through research and by checking around with other attorneys to get a feel for the person. When you’ve narrowed down your list to a few promising candidates, see if they’re willing to meet with you to discuss their background and how they can help you.

What a Financial Expert Witness Does in the Court

There’s a reason many court dramas center on expert testimony. In many cases, the outcome hinges on information established during this vital process. While banking may not be as exciting as forensic matters, it still holds true that a financial expert witness plays a crucial role in countless cases where money and the industry around it are vital to the issues at hand.

Even so, many people only have a limited picture of what these specialists do in the courtroom. While the specifics vary from case to case, there are a few consistencies. Expert witnesses cannot offer legal advice, as they must provide impartial answers to maintain their credibility. They also have a limited ability to speak as authorities on matters pertaining to the case.

Primarily, these professionals strive to stay within their field of expertise, speaking only to the facts of the case and the financial industry itself. Many attorneys employ them to establish critical case facts or contradict accounts given by other witnesses. They can also support a client’s testimony or serve as a rhetorically efficient and credible way of delivering information to judges and juries. This versatility makes them pivotal figures and valuable investments for any case where they can provide relevant insight.