There’s a lot that goes into every case, and you’ve got
to figure that the other side is probably working just as hard to win. When
you’ve crossed all of yours T’s and dotted all of your I’s in what’s likely to
be a really hard-fought case, what else can you do to give your side the
advantage? Whether you represent the plaintiff or the defendant, hiring an
expert witness is a must, particularly in a financial law case.
How a Plaintiff Benefits
When a financial
expert witness is called on behalf of a plaintiff — typically a bank or
lender in the case of financial litigation — he can look over the lending documents
and look for any indicators that the defendant has breached. When the breach
isn’t so crystal clear, he can reference past cases where the judge cited in
the financial institution’s favor. He can also examine the case before
providing testimony to offer a third-party angle to the proceedings.
How a Defendant Benefits
A defendant needs an unbiased expert to look over the
lending documents to see if anything protects him from having to pay fees and
fines. An expert witness might even be able to cite cases in which the
defendant is owed money for a breach that wasn’t immediately obvious to the
parties involved.
Both Benefit
A financial expert witness can aid the case of either the
prosecution or the defense. In the case of financial law, a defendant is less
likely to have the legal clout to stand up against financial institutions that
may have their own team of lawyers, but a plaintiff might also be missing the
unbiased opinion of an expert third party.
Michael F. Richards has applied his decades of financial
and law expertise to help the cases of both defendants and plaintiffs. Relying
on an expert witness isn’t necessarily inherently better for the defense or the
prosecution; it can equally benefit both, and the side that thinks to hire an
expert for his testimony has a leg up over its opposition.
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