How Your Bank Should Use a Banking Expert Witness

Whether your bank is the defendant or the plaintiff, it's a good idea to take advantage of a banking expert witness to help your case along. If you've made that choice, then you should be asking yourself what the expert can do for you. There is a variety of ways an expert can help you with your case.

One of the ways you can use an expert to your advantage is to have them look at the testimony of the other side and find any issues with their testimony. If your bank expert is available to do this during the deposition phase of the case, they can provide you with their thoughts on the other expert's deposition instantaneously.

Furthermore, an expert is able to provide you with information about what your institution did properly and cite other times that said methods were performed by other institutions. When an in-house witness is used, they are only able to speak on the methods of the institution they work for. An outside specialist offers info for institutions all over the country.

Michael F. Richards is an independent banking expert witness who is prepared to work with you. Take a look at his information and you will see why he will be a great asset to your court case.

Approaching Cases the Wrong Way

When a bank is working on a case, there are generally three different methods they use to win their case. These methods include going to court without a banking expert and discrediting the expert on the other side, choosing an expert that works at their own institution, or choosing an expert who works at a bank that is in the area. We're here to tell you why these methods do not work.

The main problem with these methods is that they are more often seen as defensive methods. By trying to discredit the other witness, it makes the bank seem like they are badgering the other side, making them look like nothing but big bullies. When they choose someone who works in the bank, they are not presenting a non-biased opinion. Naturally, someone who works for the bank is going to have the bank's best interests in mind. Why would they throw their own employer under the bus? Last, when they choose someone who works at another local bank, they are choosing someone who is too close to the situation. Jurors like to see someone who is not connected to the case at hand providing them with information about the industry and it's many policies.

When you need a dependable, independent bank expert witness, Michael F. Richards is available to assist you.

Using a Financial Expert Witness to Your Advantage

When dealing with a case involving financial institutions, their practices, and other complicated subjects relating to the financial industry, it is important to make sure that you can make points that every juror can understand. It doesn't matter how much experience you have working on cases involving banks and other financial institutions, not every juror is going to be able to properly understand the subjects at hand. This is why hiring a financial expert witness to explain everything as a non-biased third party can work to your advantage.

The most important aspect to hiring a third-party financial expert witness is that people tend to trust these individuals over attorneys. Jurors can take a look at their experience and history. Once they have reviewed this information, they are likely able to trust the witness to properly explain the regulations relating to the case and how they apply in this situation. Michael F. Richards has one of those excellent track records and attorneys have relied on him for years to provide dependable and honest testimony in their cases. Contact him today on the phone at (406) 282-6079 or email him at mike@mrichardsconsulting.com to meet with him and discuss the case you are working on.