Anyone who has seen a court case on the news or who has watched a television program that features a court case has heard the term ‘expert witnesses.’ Some expert witnesses are paid and others volunteer their services on cases that they feel are truly worthwhile. There are many reasons why having an expert witness will help a person’s case, especially if it is a case that has to do with finance.
One reason why expert witnesses help cases is because they have a history of working on similar cases in the past. For this reason, when they sit down on the witness stand, they are not nervous. They have had a lot of interaction with lawyers and judges, and they understand how to provide a clear and concise answer to any question that is put to them by a judge or lawyer. They are able to take difficult financial jargon and explain it in a way that the common man will understand. Expert witnesses can sway a jury because they understand how to present information in a way that the jury understands.
A second reason is that hiring expert witness services, especially one that has been successful in the past, can force some parties to choose to settle out of court. In many cases, simply knowing that a respected professional is going to testify against them in court is enough to get some individuals to choose to settle the case without there being a trial.
Expert witnesses can be used by the prosecution or by the defense. They have the ability to bring life to the facts that are being presented in a case and to convey those facts clearly.
Even in cases where an expert witness is not called to take the stand, hiring an expert witness who has experience in banking and financial litigation, like Michael F. Richards for example, is a great way for a legal team to gather insight and vision that will help them have a positive outcome as they go through the litigation process. In addition to their insight on financial matters, expert witnesses can also provide an inexperienced legal team with insight based on the experience they have had in the past while in court.