For many business disputes, forensic consultants with financial, business, and technological expertise provide multiple benefits to both lawyers and their clients. Forensic consultants find themselves uniquely positioned to provide multiple benefits to law firms in the midst of disputes, from early case assessment through trial.
In an increasingly electronic society, seemingly everything is captured and stored, and these massive amounts of electronically stored information have increased both the costs and complexity of disputes. Forensic consultants find themselves better equipped to handle these massive amounts of stored electronic data. Not only do they possess advanced eDiscovery platforms, but they also have an experienced team of professionals to operate these platforms, ultimately saving law firms and their clients’ money by not having to incur these costs in-house.
Moreover, forensic consultants are able to look beyond surface level causations. They are able to easily assess loss periods and damage calculations, as well as causation and mitigation early on in a case and can forecast likely outcomes. This type of assessment can help set realistic expectations regarding the potential financial return.