Some damages experts describe themselves as specializing within specific industries, such as a construction damages expert. Others self-identify based on the type of damages analysis they typically perform such as intellectual property or labor. However, many experts are afraid to identify themselves as “generalists,” fearing they will be viewed as not having much expertise in any particular damages area. However, using a seasoned generalist damages expert can offer a number of benefits for the client and their outside counsel. Some of these benefits include the following:

Prejudgment interest is a form of compensation that seeks to convert financial harm suffered by a party in the past to a present value as of the date a judgment is issued (if interest is an allowable remedy) or a settlement agreement is reached (if interest is part of the agreement). Prejudgment interest, along with damages analysis, aims to achieve the overarching objective of making the harmed party “whole” as measured by the financial impacts associated with the claimed bad acts of the other party.