Three Critical Questions an Expert Witness Must Be Able to Answer

Court cases and proceedings are messy businesses that can drag on for years if not handled expertly. When matters of finance are involved, the cases can take an even longer time due to the sheer volume of documents being reviewed. It is in the best interest of the case that the retained attorney optimizes the use of an expert witness early on, once the settlement negotiations begin.

Choosing the Best Expert Witness Service

It’s important to select a witness who was trained at least a year working through the various bank departments before they were allowed to work unsupervised. It’s critical to choose expert witness services who has had training and is aware of what goes on in the other areas of the bank. A lot of training these days is lacking in this area and it can create a lot of confusion initially as the witness needs time to get caught up to speed.

It’s also a very smart move to hire an expert early on in the case because there are so many policies, procedures, and regulations that must be followed. These things take a long time to sift through so it’s like the old adage goes “don’t put off for tomorrow what you can do today.” Most of the time the delay is due to the hope of the case being settled which would save time and money.

The Three Questions that Must Be Asked

After an expert witness has gone through all the reconstructive documentation (which can number in the tens of thousands of pages and date back as far as 5-10 years) they should have a solid grip on what the banks personality is like. The attorney should ask the expert witness first: “what did you find wrong?” followed by “what was found in the document that shouldn’t be there, and finally “what gives you concern about the case at hand after your review?”