We prepare economic damages calculations that address future lost earnings and costs for both plaintiffs and defendants. These analyses consider economic factors, including:
- Future earnings and earnings growth
- Value of employment benefits
- Expected work life
- Present value discounts for future investment earnings
- Income tax impacts
- Lost household contributions
- Future consumption
To perform these calculations properly, the analyst must identify calculation inputs based on government statistics, economic studies, and market conditions. Additional inputs are based on the plaintiff’s demographic and earnings data.
Our personnel have performed thousands of personal injury and employment-related damage calculations. We currently employ a system which automates many of the routine aspects of these calculations, reducing consulting costs.
A sampling of our experience includes:
- Performed over one hundred lost earnings calculations involving claimed injuries from a series of allegedly faulty pharmaceuticals and medical products.
- Performed numerous business appraisals and assessments of enterprises owned and operated by injured parties.
- Calculated lost earnings involving hundreds of persons involved in an environmental mass tort case. The plaintiffs varied considerably in age, income, and other demographics. Calculations were performed with a proprietary computer model that incorporated age, prior earnings history, claimed ailment, education, and family background.
- Calculated past and future lost earnings associated with a popular rock star and reality television personality’s severe injuries allegedly resulting from an on stage accident.
- Performed a lost earnings calculation involving the wrongful death of an extremely successful entrepreneur who was responsible for a portfolio of business interests. At the time, the claim was one of the largest wrongful death matters ever litigated at over $100 million in alleged damages.
On Numerous Occasions:
- Calculated the past and future economic damages suffered as a result of residual mold.
- Researched and incorporated employment statistics from sources such as government data, industry organizations, and customized survey research to help determine economic damages. Often when past earnings were either (i) unavailable (usually due to youth), or (ii) not representative of the earnings potential.