Lost profits analyses are an acceptable and common remedy to measure economic damages in commercial civil disputes. Developing a credible opinion on lost profits analyses requires the financial expert to carefully consider the documentation and assumptions utilized to support the analyses. Learn more about the common steps of producing a credible lost profits analyses in this recent article written by Baker Tilly forensic, litigation, and valuation services experts.  

Highlights to include

• Proper planning
• Determining the proper damages period
• Estimating the relevant lost revenues and avoided costs
• Obtaining sufficient reliable data to support the financial expert's analyses, assumptions, and opinions. 

A financial expert's role is to provide a credible opinion regarding lost profits economic damages in a legal setting. Although attorneys can be advocates for their client's positions, credible financial experts must demonstrate integrity and objectivity when presenting their professional opinions.

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