Services

Services offered by Brandt Forensic Economics, Bainbridge Island

My practice specializes primarily in the economic analysis of the following types of disputes:

Personal Injury & Medical Negligence Claims

The objective of a personal injury loss calculation is to determine the economic value of past and future income loss, medical expenses and other elements of damage allegedly sustained by the injured party.

Income loss is almost always an element of damage in a personal injury or medical negligence claim. This type of engagement usually involves the calculation of earnings that the injured party would have generated, but for the alleged misconduct of the defendant, less the residual earnings capacity retained by the injured party. Most of these claims fall into categories that utilize a common set of basic analytical techniques, but many of these claims involve unique circumstances that must also be addressed. My extensive background in public accounting, corporate financial analysis and forensic economics has provided me with the broad range of analytical tools, and I frequently draw on these tools in addressing the unique aspects of these claims. My ability to find an appropriate solution that addresses the unique circumstances of each case is what differentiates my practice from the others.

Life Care Plan Valuations

Many personal injury, medical negligence and product liability claims also involve the calculation of future life care costs. I have developed a Life Care Plan valuation approach that is extremely efficient, accurate, theoretically sound and very flexible when dealing with multiple scenarios or alternative treatment options. I can modify these calculations to accomodate revisions or new information instantaneously with no loss of data integrity. I provide a top-notch Life Care Plan report at a very competitive price. I have also developed analytical techniques that are extremely effective in rebutting the Life Care Plan valuations of opposing economists. I am very proud of the models that I have developed to analyze Life Care Plans, and I would be more than happy provide a demonstration and walk-through of my model to anyone who is involved in the use of these plans.

Wrongful Termination

Wrongful termination, Jones Act cases and Federal Court cases must be tax-effected. Loss calculations that must be tax-effected should properly compensate plaintiffs for the additional income taxes that they must pay or damage awards and future investment income arising from those awards. The adverse tax consequences that often arise from these awards are an additional damage amount.

Wrongful Death Claims

Wrongful death claims also involve the calculation of income loss. They frequently involve other elements of loss, such as the household services that the decedent would have contributed to the surviving members of the household, and mitigation, such as consumption costs that are saved. The calculation of lost earnings can often involve the analysis of the career progression that the decedent would have been expected to achieve, but for his or her death. This can be particularly challenging when it involves people who were young, self-employed, old or otherwise not in a position where their career path and earnings potential were clearly defined. This is another area where my broad financial background has provided me with a unique set of analytical tools that I can apply in situations where traditional approaches aren’t as effective.

Other Income Losses

Alleged misconduct or negligence resulting in business interruptions, wrongful terminations, PIP losses, breaches of contract or other claimable losses are often the subject of litigation or potential litigation. I have considerable experience analyzing these types of loss claims. I am a CPA, I earned my MBA with honors form the University of Washington, and I have earned the Accredited in Business Valuation (“ABV”) and Certified in Financial Forensics (“CFF”) credentials from the American Institute of Certified Public Accountants. My qualifications and experience give my clients the assurance that their interests will be properly and effectively represented in the courtroom or in any other forum where their dispute is resolved.

Forensic Economics Defined

Forensic economics is the scientific discipline that applies economic theories and methods to the issue of pecuniary damages as specified by case law and legislative codes.

Topics within forensic economics include:

  1. The analysis of claims involving persons, workers, firms, or markets for evidence concerning damage liability;
  2. The calculation of damages in personal and commercial litigation; and
  3. The development and use of generally accepted forensic economic methodologies and principles.

[Definition adopted by National Association of Forensic Economics Board of Directors, 8/1/2002]

A graduate degree in economics is the usual qualification of forensic economists. Other persons who provide economic damages related testimony include persons with graduate degrees in business/finance/accounting, financial analysis, and vocational rehabilitation specialists.

Credit: Wikipedia