According to the National Association of Forensic Economics (NAFE), forensic economics is the scientific discipline that applies economic theories and methods to matters within a legal framework. Forensic economics covers, but is not limited to:
* The calculation of pecuniary damages in personal and commercial litigation.
* The analysis of liability, such as the statistical analysis of discrimination, the analysis of market power in antitrust disputes, and fraud detection.
* Other matters subject to legal review, such as public policy analysis, and business, property, and asset valuation.
At Team Economics, we have created a unique concept in which we are capable of providing economic, vocational, and/or life-care consulting services and expert testimony for a variety of cases arising from personal injury, wrongful death, employment discrimination, commercial damages, or other damage intensive litigation.
This TEAM approach allows the client to save time and money while creating a more comprehensive, correlated assessment of the economic damages. Additionally, we have had tremendous success assisting Counsel (on a consulting, non-expert disclosure basis) in critiquing the opposing expert(s) and providing suggested cross-examination questions and exhibits to present an accurate view of the economic damages.
Typical cases include catastrophic injuries arising from auto accidents, slip and falls, medical malpractice,
products liability, assaults, wrongful termination, lost profits, contract disputes, family law issues, and civil rights violations. Specific areas of expertise include lost earnings and associated fringe benefit calculations, life and worklife expectancy, productivity, present and future values, lost retirement benefits, personal maintenance expenditures, prevented household services, earnings capacity for family law matters, and future medical cost calculations.
To discuss a specific case, feel free to contact us.