Hiring a Specialist for an Expert Witness Report

It’s not always easy finding an expert. After all, it takes years of experience learning everything about one topic and could include schooling or licensing. When looking for an expert witness for a case involving federal or state law or regulations, make sure your expert has what it takes to establish credibility and write with authority. This is of particular importance with banking litigation support. Any reports that your expert submits must meet the Federal Rule for Civil Procedure 26.

How to Find Your Expert

To locate such an expert to write an acceptable report for you, start with high ranking professionals from the banking industry. These could be ones currently working in banking or recently retired. Spend time looking over their accomplishments and familiarizing yourself with their expertise. Then, it’s time to question them about their knowledge of the litigation before you and see how they can be of service.

Find out what your potential expert knows about your specific case and what they do not know. You want to make sure the report supports your case and does not leave holes in any necessary information. Taking the time to check the credentials of your expert goes a long way toward ensuring a positive outcome for your case.

How an Expert Assists with Cases on Banking Industry Standards

Banking is a specialized industry that outsiders do not understand. This is even before you start dealing with the numbers. There are specific industry standards that only those who wrote the standards and those who deal with them regularly understand. This is why you need a financial expert witness to help you with your case. This professional will have in-depth knowledge of the industry that will help you build your case, as well as credibility on the witness stand.

Offering Knowledge & Lending Authority

Look at members and former members of the industry to provide you with insight. Seek someone with long years of service, as well as highly placed positions in banking. This is someone who commands respect and can contribute a wealth of inside knowledge essential for a resolution in your favor.

Although this expert has extensive knowledge and experience, this individual is not trained as an attorney. Their role is not as the one to try the case, but as one who can offer deep insight into the case, as well as testify with authority. It will serve your interests best when this professional is an established name inside the industry. With these recommendations in mind, you can look for an expert witness who fits the bill.