There’s a reason many court dramas center on expert testimony. In many cases, the outcome hinges on information established during this vital process. While banking may not be as exciting as forensic matters, it still holds true that a financial expert witness plays a crucial role in countless cases where money and the industry around it are vital to the issues at hand.
Even so, many people only have a limited picture of what these specialists do in the courtroom. While the specifics vary from case to case, there are a few consistencies. Expert witnesses cannot offer legal advice, as they must provide impartial answers to maintain their credibility. They also have a limited ability to speak as authorities on matters pertaining to the case.
Primarily, these professionals strive to stay within their field of expertise, speaking only to the facts of the case and the financial industry itself. Many attorneys employ them to establish critical case facts or contradict accounts given by other witnesses. They can also support a client’s testimony or serve as a rhetorically efficient and credible way of delivering information to judges and juries. This versatility makes them pivotal figures and valuable investments for any case where they can provide relevant insight.
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