Damages Analysis

Litigation and settlement negotiations often entail the valuation of competing damage claims. Damages can typically be thought of as the financial difference between what “would have” happened but for an allegedly wrongful act and what actually happened. Accordingly, damage estimation usually involves both theoretical construction of events that never occurred and accurate assessment of what did occur. Economic damage claims can only be evaluated and analyzed using economic analysis.

LMS economists combine the skills needed to aid in the determination of liability, damage estimation, and presentation of the results in court or settlement negotiations. Our professionals can provide economic modeling and econometric estimation to produce analyses relevant to all types of litigation.