Damages Consulting Services
DM&A has long history of consulting with attorneys and their clients on damages issues in connection with a wide variety of litigation matters. Determining damages in litigation involves applying economic, financial, and accounting principles to specific facts and circumstances. The basis for measuring damages frequently comes from comparing actual financial results subsequent to an alleged wrongful act to the financial results that would have occurred “but for” the damaging event.
Although developing and testifying to comprehensive measures of economic loss is often a primary objective, DM&A regularly assists attorneys in analyzing causation issues to establish a foundation for legal liability. We confer with our clients regarding every aspect of discovery and data management. In addition, we can generate preliminary calculations of damage under various scenarios, which may facilitate settlement negotiations. We also evaluate other expert reports and testimony, as well as assist in preparing cross examination and rebuttal testimony.
With respect to class action matters, our Damages Consulting services include:
- Identifying class members through statistical analysis of customer, employment or other data.
- Calculating preliminary estimates of economic damages from sample data.
- Calculating formal measures of economic damages suitable for court presentation.
- Providing expert witness testimony on results of our analyses.
- Critiquing analyses prepared by opposing experts.
- Designing programs to accurately extract relevant damages data from mainframe computer systems.
- Applying sophisticated database and spreadsheet modeling techniques to efficiently analyze vast amounts of data.
- Assisting counsel in developing effective discovery concerning damages issues.
- Auditing class member lists created by parties to the litigation.