Duties of a Financial Expert Witness

Lawyers representing financial institutions, businesses, and individuals in court cases regarding banking and finance might want the help of a financial expert witness to help their case. A financial expert witness can educate the litigators on special case issues, evaluate issues, test and experiment theories, and assist in case development and discovery. If you have a big financial or banking case on your hands, it is definitely a good idea to hire a financial expert witness to help support your case.

Financial expert witnesses educate litigators on many special issues of the case. It is important to know that lawyers often do not have the specialized knowledge in finance and banking when trying a case. To have all of the right details to win your case, hiring a financial expert witness with a background in finance and banking will certainly help your case. Regarding business and financial institution issues, these type of expert witnesses can evaluate the merit of business issues and can test client claims to see if they will hold up in court. The financial expert witness can also bring up new discoveries not thought of by the lawyer or client and help with case development. If you really want to win a case, having the right resources is incredibly important, and a financial expert witness is the kind of resource you need for financial and banking cases.

If you need a credible financial expert witness for your financial or banking case, Michael F. Richards has been providing his services for over 34 years. To inquire about Michael F. Richards’ services visit MRichardsConsulting.com. Michael F. Richards will be an excellent source for your banking or financial case.

Types of Expert Witness: Consulting & Testifying

If you want to have a successful court case, it’s important to have a team that will help your case. The right lawyer can provide an excellent advantage in a court cast, but in some circumstances, utilizing an expert witness services can really help your case. Broadly speaking, there are two types of expert witnesses; consulting & testifying.

The testifying expert witness is given the job of objectively articulating a client’s position. It’s the testifying expert witness’ job also to present only facts to the judge, jury, or to arbitration to reach a proper decision on the issues faced in the case. The testifying expert witness is there to make a client’s position clear and factual for the court. This expert’s opinion is expressed free from influence of anyone else.

A consulting expert is an advisor or advocate for the litigators, and provides research and analysis. Consulting experts can comment on either side’s positions, pointing out strengths and weaknesses of both and depending on the case may be able to provide additional possible theories or analyses. They can be used to test theories, research alternative ideas, and reject possible theories that are least favorable. As an advisor, consulting experts can advise the lawyer team on different inquiries while still retaining case confidentiality.

There are some expert witnesses who can do both testifying and consulting. If you want expert witness services from someone who can provide both consulting and testifying for banking or financial litigation cases, Michael F. Richards has over 34 years of experience and will be perfect fit for your case. Visit MRichardsConsulting.com today to inquire about Michael F. Richards’ services.