Philip Saunders Associates - Economic and Financial Analysis

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Personal Injury

For plaintiffs Philip Saunders Associates (PSA) estimates lost earning capacity, mitigating earning capacity, value of personal service, cost of living, cost of raising a child, present value of life care, and structured settlement. For insurers and their counsel PSA evaluates claims for economic loss, performs forensic investigation and analysis, and helps defense counsel prepare for trial, including cross examination of opposing experts. PSA provides expert testimony for both plaintiffs and defendants. Cases include personal injury, wrongful death, toxic tort, and malpractice.

Selected cases

For truck driver injured in highway accident, PSA estimated lost earning capacity, including compensation and benefits. Assignment involved review and analysis of work history, industry conditions, union contracts, benefit programs, and benefit records, and interview of union personnel. Dr. Saunders testified at trial. Jury awarded plaintiff $1,000,000 in damages.

For professional rock bass guitar player with injured hand, PSA estimated loss due to plaintiff's reduced playing ability. Plaintiff had history of successful performance but earnings below full potential. PSA analyzed employment market and compensation for rock guitar players, estimated likely lost earnings capacity assuming realization of full potential, and prepared report. Case settled. Client attorney described himself as "very pleased with the outcome."

For insurance defense counsel PSA investigated and analyzed commercial painting business, allegedly losing money due to auto injury to principal. Liability was admitted, and client didn't want to try case because defendant had been driving under the influence. PSA demonstrated that losses were overstated, plaintiff had been cheating on his taxes, and plaintiff's attorney was probably in collusion. $1,500,000 claim settled for $65,000.

For insurer in case with no viable liability defense, Dr. Saunders testified at arbitration and demonstrated claimant's erratic work history, methodology problems with plaintiff's expert's testimony, and existence of mitigating earning capacity. In words of client, arbitrator's award of $67,000 is "much closer to ... [the insurer's] ... earlier offer of $45,000 than it is to the Plaintiff's long standing demand for $125,000. ... [The insurer] is pleased with the outcome, and by implication, pleased with your services which I believed helped significantly."

Publications

Economic Damages - Recent Developments in Damages for Economic Losses of Persons

Getting the Most From An Economic Expert, Massachusetts Lawyers Weekly.

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