Wednesday, December 21, 2016

How Should You Limit the Information You Give to Your Expert Witness?



When you work with an expert witness for your financial law case before the case goes to trial or before you start negotiating a settlement, you gain an expert’s insight into the best strategies to weigh the case in your client’s favor. You’ll even get a better idea of what to expect from the opposition and how to minimize any items potentially damaging to your client. It may seem strange, then, to limit the information you provide your witness, but it’s recommended solely to expedite the case.

Start With the Basics

The point of limiting information you hand over to your expert witness services is simply to keep the focus where it should be — on helping your client win the case. Wading through too much information takes up time. Give your witness an overview of the most important facts to start and follow his lead when it comes to handing over more information as he requests.

Pull Repetitive Information

Don’t leave it to your witness to sort through repeated information; it’s a waste of the time you’re paying him to work. Put aside anything that simply reinforces previously established information. If your witness wants access to more documentation, he’ll let you know.

Provide Everything Potentially Unfavorable

Withholding some information from your expert witness is about expediency, not about “hiding” facts from your witness. He’s your witness — hired to make the case for your side. When you hire him before going to trial, he needn’t even present his findings to the opposing side. Provide all potentially unfavorable information and he can actually help you strategize how to combat it.
Arrange an appointment with the office of Michael F. Richards as early as possible into your case. If facts change as you progress through the matter, you can arrange another appointment later on so we can adjust our recommendations appropriately. However, you needn’t provide every new bout of information unless you think our expertise will come in handy in light of the new facts.

Wednesday, December 7, 2016

Financial Law and the Expert Witness: Reasons It’s Better to Know Detrimental Facts in Advance of Your Court Date



Too many law firms only consider hiring an expert witness when they’re certain his testimony will prove an asset to their case in court. However, expert witnesses aren’t limited to testifying before a judge and/or jury. It’s best for everyone involved in financial litigation to call in an expert witness as soon as possible in advance of a potential court date.

He’ll Find Overlooked Issues

With decades of experience in finance, Michael F. Richards, financial expert witness, can prove an integral component of your legal strategy. Your firm doesn’t have to retain a witness to testify before anyone else; instead, we can look over the facts of the case and point to issues you may have overlooked that the other side may not miss. After your law firm spends weeks or even months embroiled in the details of the case, a third party expert is sometimes necessary to find these issues.

It Gives You Time to Prepare

A witness will help you strategize a defense against any of these issues that may prove unfavorable to your client. Since the other side will likely bring them up during settlement negotiation or a trial, it’s best to expect the attack and to have your defense ready to lessen or remove any effect these points will have for your client.

Missing Components

An expert witness may also help you find out that something’s missing in the documents associated with the case — something that may help your strategy against the other side. If the missing item is unfavorable to your client, it gives your firm time to make it right and produce the missing information before it’s used against your client during the negotiation or judgment.
Contact the office of Michael F. Richards to learn more about how our expertise can assist in your financial legal matter. Whether you represent a financial institution or a group of individual, it’s best to know ahead of time which issues the other side may rise in order to turn the verdict in their favor.