01 Feb A GUIDE TO LEGAL AND LITIGATION CONSULTING: WHAT HAPPENS WHEN STRATEGY CONSULTANTS AND LAW FIRMS PARTNER
On the whole, litigation consulting is defined as advisory services provided by external expert witnesses and consultants to attorneys, law firms, and their clients at various stages of the litigation process. From the onset of disputes, pre-trial preparation, and through settlements or trials – top litigation consulting pros and consultants offer specialized knowledge and strategic support on complex legal matters.
There is a wide range of disciplines that provide distinct value:
– Jury consultants assist with optimal juror selection by analyzing demographics, conducting jury simulations or focus groups, advising on voir dire questioning techniques, and providing insights on juror decision-making psychology.
– Damages consultants who provide litigation consulting quantify current and future financial losses to validate claims and inform litigation strategies. Work might span projecting lost earnings/profits, calculating expense increases, analyzing equity valuations, assessing property damage, and determining relevant compensation benchmarks.
– Forensic accountants uncover questionable accounting practices, trace funds, assess fraud indicators, and evaluate the veracity of financial reporting that may be tied up in disputes. Pro analysis can locate hidden assets, reveal noncompliance issues, and reconstruct opaque financial transactions.
– Digital forensic experts recover, interpret and authenticate electronic communications, documents, databases, and digitized information that may serve as useful evidence or counter evidence.
There are also subject matter experts who work in litigation consulting like engineers, physicians, economists, academics, business standards professionals and more who can be brought in provide their domain expertise to support specific cases. Having the right specialty insight can make or break litigation outcomes.
Skilled legal consultants not only bring their technical know-how. Pros also provide the methodical, strategic perspective to construct stronger arguments, acquire favorable evidence, neutralize opposing claims, uncover leverage opportunities, and outmaneuver adversaries in or out of the courtroom.
By leveraging litigation consulting services and expert witness providers, attorneys gain productive support, elevated credibility, expanded capacity and influential insights to achieve optimal case outcomes for their clients. With millions often at stake – investing in seasoned litigation consultants regularly delivers a high return relative to their fees by shaping stronger cases and trial strategies. When selected carefully, these specialists more than pay for themselves while allowing legal teams to stay focused on their best-of-class legal service delivery.