While many law firms turn to outside professionals for advice on financial matters, McKool Smith attorneys work more efficiently and effectively having immediate and on-going access to in-house financial consultants who have a detailed understanding of the firm’s practice areas and case requirements. Our consultants include professionals with significant experience in economics, finance, accounting, statistics, and litigation support. They collaborate with our attorneys, who also have extensive knowledge and experience in damage issues, from the earliest stages of litigation, from case assessment and intake through discovery and trial. This integrated approach provides increased value and service to our clients.
Our consultants apply a business and economics focus that enhances our ability to effectively identify and assess financial damage to or charged against our clients. This expertise assists our trial lawyers in determining the extent of damages and the most effective means of asserting and defending them. Developing an early and accurate assessment of damage claims allows our attorneys to hold settlement discussions well in advance of securing outside financial experts, which provides time and costs savings to our clients. The analysis performed by our financial consultants is confidential and protected from discovery.
When outside financial experts are engaged, our consultants act as a liaison to aid in the development and understanding of expert theories and damage analyses. Our financial consultants also work closely with outside testifying experts to develop analyses, presentations, and testimony for trial.