KW Economics prepares economic damages reports and testimony for civil matters in the United States District Court for the District of New Mexico (D.N.M.), a federal trial court in the Tenth Circuit covering New Mexico. The economist's method does not change with the venue; what changes is the form and timing of the written disclosure, and the report is built to meet it.
A retained economist's written report in federal court sets out every opinion and the basis for it, lists the records and data considered, attaches the exhibits that support the figures, and states the economist's qualifications, publications, prior testimony, and compensation. The court decides reliability challenges before trial, so the report states its earnings base, growth rate, worklife horizon, and discount rate with sources so that each input can be examined on the papers.
Expert disclosures are exchanged on the schedule the court's scheduling order sets, with rebuttal reports on a shorter clock, so the retention date decides whether the economist has the tax returns, pay records, and the other experts' opinions in hand before the report is due. A deposition of the economist follows the report and tests it line by line, which is why the report is written to stand on its own.
In a diversity matter the court applies New Mexico substantive law to the measure of damages, while the admissibility of the economist's testimony is decided under the federal rules of evidence.
New Mexico measures wrongful death by the worth of the decedent's life from the decedent's own standpoint, a recovery that belongs to the estate and includes lost earnings, the value of the decedent's life apart from earnings, and the decedent's own pre-death damages, with loss of consortium brought separately by close family. Pure comparative fault reduces the award in proportion, the common-law collateral source rule applies, and prejudgment interest is discretionary and weighs each party's settlement conduct.
A complete statement of every opinion and the basis for it, the facts and data considered, the exhibits that support the figures, the economist's qualifications and publications, a list of prior testimony, and the compensation arrangement, in the form federal practice requires of a retained expert. KW Economics writes every report to that standard whatever the venue, so the same document serves in the D.N.M. and in the New Mexico courts.
Yes. Engagements are accepted in every federal district, including the District of New Mexico. The economist prepares the report to the disclosure deadline in the scheduling order, sits for deposition, and testifies at trial where the case requires it, for plaintiff or defense counsel.
The economic method is the same. Federal practice fixes the content of the written disclosure and the timing of the expert exchange, and reliability challenges are decided by the court before trial, so the report states every assumption and its source in a form that can be examined on the papers. In a diversity matter the measure of damages still follows New Mexico law.
Request a consultation on matters in the D.N.M. or call (201) 343-0700. Plaintiff and defense counsel.