Initial Damages Assessment
Ludington Ltd. often performs Initial Damages Assessments (IDA) as either a consulting expert or testifying expert prior to and during litigation. The IDA process facilitates informed decision-making, early resolution of disputes and effective discovery by identifying likely damages measures, potential damages magnitudes, and key issues including litigation strategy and development of settlement positions. Typically completed with few, if any, documents, this process also identifies and prioritizes needed discovery.
Pre-litigation due diligence
Performed initial damages assessment prior to litigation to identify potential magnitudes and issues. In some instances, this resulted in resolution of disputes before suit being filed.
Initial damages assessment performed to provide information to facilitate settlement by identifying damages magnitudes and issues, and to articulate potential settlement options.
In instances when litigation did proceed, the initial damages assessment facilitated focused and streamlined discovery resulting in cost savings and efficiencies.