When it comes to cases that are involving financial matters, it is very important for both sides to ensure they have the adequate experts who can corroborate what they are trying to say. Whether the case is a civil matter, or it is another type of case where a financial crime is involved, we should make sure that the expert witness services that are used are of the right quality. It is very easy to find “experts,” but being able to find an expert who knows what they are saying is not as easy as you may think. That is why it is important to find an expert witness in the right places.
The first thing that needs to get done when you are seeking an expert witness is to figure out whether they have any stake in the case. For instance, someone could have all the knowledge in the world. But if they know someone who was involved in the case, or they have some personal stake in the matter, you can hardly expect them to speak impartially. And even if their bias is in your favor, it could get exposed by the other side, which can reduce the witness’s credibility.
In these cases, it is also important to find someone who genuinely knows everything related to the matter at hand. For instance, if the matter at hand is related to forensic commercial lands, lender liability or collection practices, it is important the person who is coming to testify as a witness has a lot of direct experience with these subjects. Whether the person is an expert because of their theoretical or practical work, you need someone who is viewed as an authority. The judge and/or the jury need to believe the person is an expert and take their words to heart.