Minnesota courts ask whether a method is generally accepted in the relevant professional community and whether it was reliably applied in the particular case, with the witness qualified by training and experience. The published methods of forensic economics meet the first question, so the examination of a damages report usually turns on its inputs and their support in the record. NAFE membership adds a published ethics statement and a peer-reviewed literature that counsel can hold any report against; it does not replace that inquiry, and it is not a certification.
State recognition: Recognized nationally; no state licensure applies. There is no state license for forensic economists to check, so counsel verify the credential with its issuer and review the economist's testimony record directly.
NAFE membership means the same thing in Minnesota as anywhere else, because the association is national and no state recognizes or requires it: the economist has joined the field's professional body and agreed to its ethics statement. What that gives counsel in a matter venued in Minnesota is a written standard to test a report against, including an opposing report: disclosed data and assumptions, a method the economist would apply the same way for either side, and fees that do not depend on the outcome. Membership is verified with the association for the year in question rather than from a CV line, and the affiliations of the economist assigned to a matter venued in Minnesota are confirmed at engagement.
KW Economics economists apply nationally recognized methods while accounting for Minnesota's wage levels, venue, and damages rules.
Economic damages experts testify in Minnesota's courts, where qualification is decided case by case on education, method, and experience rather than on any single credential.
Highest court: Minnesota Supreme Court. Federal venues: D. Minn. Court system: mncourts.gov.
KW Economics provides forensic economists for Minnesota damages matters, including remote consultation, report preparation, and deposition or trial testimony where the case is venued. Contact us to discuss availability for your matter.
Minnesota courts ask whether a method is generally accepted in the relevant professional community and whether it was reliably applied in the particular case, with the witness qualified by training and experience. The published methods of forensic economics meet the first question, so the examination of a damages report usually turns on its inputs and their support in the record. Recognized nationally; no state licensure applies. There is no state license for forensic economists to check, so counsel verify the credential with its issuer and review the economist's testimony record directly.
Request a consultation on Minnesota damages matters or call (201) 343-0700. Plaintiff and defense counsel.