Brian C. Becker, Ph.D., 2022
Economists
“The substantive economic questions we tackle are complex, but our philosophy is simple. Be clear and concise. As fundamental as that sounds, we view our role not only as performing thorough economic analyses but also presenting our findings in a logical manner consistent with the facts of the case.
My interest in writing clear and concise economics stems from lessons in childhood. My father, a former federal prosecutor, taught me the importance of identifying the key issues in any discussion. From my grandfather, a former newspaper editor, I learned to remove any unneeded language from my prose. My interest in economics began when President Gerald Ford thoughtfully responded to my inquiry as an 8-year-old regarding inflation. After 30 years as an economic expert witness, I still haven’t forgotten those childhood lessons that formed the foundation of my work philosophy.”
Economic Expert Witnesses
Precision Economics was founded in 2001 with one goal in mind—to become one of the leading economic expert witness companies around the world. Since its founding, Precision experts have developed a niche principally in valuation disputes. Founded by quantitative economists, Precision has supplemented its staff over the years with professionals having academic and industry experience in economics, mathematics, finance, statistics, and related fields.
Precision Economics has always believed that the best way to serve as economic experts is with expert engagement. We expect and require our testifying experts to actively manage the drafting of expert reports using a small, qualified team of support staff. While this philosophy is common in our industry on smaller disputes, Precision Economics applies this same philosophy to large matters that may include millions of pages of documents with several billion dollars in dispute.
In that sense, our experts’ active engagement with the underlying data, research, and case documents leads to a final report that is truly the opinion of the expert, and not of a (non-testifying) manager. The goal for a Precision Economics expert is to understand the material with such detail that the expert’s courtroom testimony will truly reflect the facts of the case, and provide a service to the trier of fact.
Over the years, Precision Economics has gained a reputation for handling cutting-edge valuation issues. In particular, we have served as testifying experts in many of the largest transfer pricing litigation disputes since our founding in 2001; including in Blackberry, Chevron, Coca-Cola, General Electric, Glaxo, Guidant, McKesson, Medtronic, Roche, and Western Digital. More generally, we have testified in more than 50 depositions and 50 trials on behalf of a wide variety of clients. We have testified as damages experts in a wide range of intellectual property issues, shareholder disputes, international arbitration, ERISA disputes, and business valuations; including matters involving Abbott Laboratories, Bristol-Myers Squibb, Cleveland Clinic, Eli Lilly, ExxonMobil, Goldman Sachs, Lowe’s, and Pfizer. In these and other matters, our valuations often include complex, non-traditional items such as lawsuits, receivable discounts, movie rights, insurance premiums, guarantee fees, convertible stock, brand names, patents, and cryptocurrency.