Economic damages include those related to lost profits, lost value, lost opportunity, increased cost, mitigation and restitution. Lost profits are typically claimed as an element of economic damages in a litigation setting and are the most common component of economic damages that we are engaged to estimate. We work closely with the client and Counsel to understand the facts and issues of the case to appropriately estimate lost “net” profits over the loss period with reasonable certainty. Our development of lost profit models and computations includes review and analyses of financial documents, court filings, deposition transcripts, and other information, such as industry data. It may also entail reconstruction of financial data. The circumstances of each case are different, and sometimes attorneys engage us to simply help with discovery and settlement or to rebut an expert report that has been filed with the court.