Ep 72: Calculating a Comprehensive Valuation In Personal Injury Cases (Part 2 with Dr. Craig Galbraith)

Send us Fan MailHow does a legal team go about calculating the full amount of losses and damages for someone who suffers a catastrophic injury? There’s so much more to it than lost wages and trying to get a grasp on the full picture can be incredibly difficult. That’s where a forensic economist like Dr. Craig Galbraith comes in and he’s with us again to continue this conversation about economic losses. This part of the discussion focuses on the intricacies of mitigation, the challenges of quantifying lost future income, and the importance of considering household services. Learn how forensic economists use tools like the workability index and vocational rehab assessments to estimate financial impacts and explore the often-overlooked economic value of household production services. This episode is a must-listen for anyone interested in the intersection of law and economics. It provides a fascinating look at the tools and methods used by forensic economists to quantify the financial impact of personal injuries.Here’s some of what we discuss in this episode:0:00 – The idea of mitigation1:21 – Survey called workability index 4:08 – Calculating lost wages 8:07 – Factoring in promotions and raises11:15 – Household services13:22 – Health deteriorationAbout our guest: https://csbapp.uncw.edu/data/fs/vita.aspx?id=17127https://galbraithforensic.com/Learn more about how Speaks Law Firm can help you: https://www.speakslaw.com/ Schedule your FREE case review: https://www.speakslaw.com/our-team/r-clarke-speaks/#contactFormTarget Find us on YouTube: https://bit.ly/3R40YMP