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.

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