What is a forensic economist?

A forensic economist is an expert who calculates economic damages for legal cases, including lost earnings, lost benefits, future medical costs, and business valuations. They provide expert testimony and detailed reports for use in litigation.

What types of cases require a forensic economist?

Forensic economists are needed for personal injury, wrongful death, medical malpractice, employment discrimination, wrongful termination, business disputes, divorce proceedings, and any case requiring economic damage calculations.

How are economic damages calculated?

Economic damages are calculated by analyzing lost earnings, lost benefits, future earning capacity, medical costs, household services value, and other economic losses. These are projected into the future and reduced to present value using appropriate discount rates.

What qualifications should a forensic economist have?

A qualified forensic economist should have advanced degrees in economics or business, professional certifications (CRC, CLCP, ABVE), extensive experience in economic analysis, and a track record of providing expert testimony in court.

How much does a forensic economist cost?

Forensic economist fees vary based on case complexity, typically ranging from $250-$500 per hour for analysis and $500-$1000 per hour for testimony. Most cases require 20-40 hours of work. Contact us for a free consultation and fee estimate.

Professional Liability Expert Services

Economic analysis for professional malpractice and errors & omissions cases

(203) 605-2814 Free Consultation

Services Provided

Economic Damage Analysis
Vocational Assessment
Business Valuation
Business Consulting

Economic Damages in Professional Liability

Our forensic economics services for professional liability cases provide accurate, defensible economic damage calculations that stand up to scrutiny in court. We analyze all financial aspects of the case to determine fair compensation.

Specific Applications:

Legal malpractice damage calculations

Accounting malpractice losses

Engineering errors economic impact

Architectural mistakes cost analysis

Financial advisor negligence damages

Real estate professional errors

Insurance broker liability damages

Technology professional negligence

Professional Career Impact Analysis

Our vocational expert services for professional liability cases provide comprehensive employability assessments, earning capacity evaluations, and vocational rehabilitation planning based on medical evidence and labor market data.

Specific Applications:

License suspension impact assessment

Professional reputation rehabilitation

Alternative career planning

Geographic practice limitations

Specialty restriction impacts

Supervision requirement analysis

Professional re-entry planning

Career transition assessment

Business Impact of Professional Errors

Our business valuation services for professional liability cases provide accurate assessments of business value, lost profits, and commercial damages using accepted valuation methodologies.

Specific Applications:

Lost transaction valuations

Merger and acquisition failures

Tax planning error impacts

Investment opportunity losses

Contract negotiation failures

Intellectual property loss valuations

Regulatory compliance failures

Professional reputation damage

Professional Practice Consulting

Our business consulting services related to professional liability provide strategic guidance, risk management, and operational improvements to prevent future issues and optimize outcomes.

Specific Applications:

Risk management procedures

Quality control systems

Professional liability insurance review

Client engagement protocols

Documentation standards

Peer review processes

Continuing education planning

Succession planning for practices

Why Choose Christopher Skerritt for Professional Liability Cases

Extensive Credentials

Multiple advanced degrees and over 15 professional certifications in forensic economics, vocational assessment, and life care planning.

Court Experience

Extensive testimony experience in state and federal courts, with a proven track record of providing clear, defensible expert opinions.

Comprehensive Analysis

Thorough, data-driven analysis using accepted methodologies and current research to support all conclusions and recommendations.

Need Expert Analysis for Your Professional Liability Case?

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Related Practice Areas

Construction Defects

Economic analysis for construction defect and building failure cases

Intellectual Property

Economic analysis for patent, trademark, copyright, and trade secret disputes