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Damages Analysis

Economic damages refer to the financial losses suffered by a plaintiff or group of plaintiffs due to a defendant’s or multiple defendants’ wrongful conduct. Damages are a crucial component of many labor and employment cases. Economic damages are distinct from non-economic damages, which refer to compensation for non-monetary losses such as emotional distress, pain and suffering, etc.

Damages are essential in legal cases, and it is important to engage an expert economist who has experience in calculating damages. Clients regularly turn to Econ One’s labor and employment damages experts for accurate quantification of damages, whether for large class actions or smaller, single-plaintiff cases. Our experts have a deep understanding of reliable methodologies and their data requirements, including cutting-edge econometric models for assessing alleged impact and calculating damages.

Econ One’s economic experts and consultants have calculated damages in labor and employment cases across a variety of industries. Our knowledge and experience with the litigation process paired with our proficiency in handling large, complex datasets, empowers us to produce clear, convincing expert reports and testimony, making Econ One a trusted partner in navigating the complexities of economic damages.