financial expert witness

Why Do We Need Experts for Lawsuits?

Let’s face it, not all lawsuit cases are as cut and dry as “person A did it to person B, person A is guilty.” Most of them involve complex fields, people, or situations, and sometimes an expert witness is needed. These experts are often called in to help explain the more confusing parts of a situation and are typically there to answer questions and clear up potential points of confusion for a jury.

Most expert witnesses are people who are at a high level in their field and are often those with a high reputation, professional experience, and credentials that show their knowledge. They are allowed to bring scientific facts to the table, offer their own opinions based on the facts they are given, and clarify questions asked by the attorneys working the case.

They are extremely valuable, and their testimony can often swing a case and carry weight with a jury. That’s often why both sides either try to support or refute the financial expert witness claims depending on where they stand on the issue or outcome of the trial

For personal injury lawsuits, the experts can define what the duty of care was, define the negligence that lead to the injury, and clarify evidence that might be hard to understand. For medical lawsuits, doctors can define terms, provide analysis on the situation, and talk about the standard of care that should have been upheld.

financial expert witness

That’s why experts are so important in trials. They can provide information and clarity that a jury is likely to accept because it comes from the mouth of an expert. Plus, they also cut through just the facts, and since they are impartial to the outcome of the case they can analyze from a different point of view.