When did you last see your father? picture by kind permission of National Museums Liverpool, Walker Art Gallery

Dr Thomas Walford interviewed in Newsweek.

Posted on 06/02/2015 · Posted in Expert Information, Expert Witness

As part of the series on 21st-century professionals, Dr Thomas Walford spoke to Andy Friedman of parnglobal.com about independence and diligence in the role of being an expert witness.

Our primary duty is to the court and what we believe a reasonably competent person would have done in the circumstances. We do not have to act as an agent of our instructing solicitors or clients. In my terms and conditions is a clause enabling me to resign if I feel undue pressure to take a line I’m not happy with. I believe this it is the definition of the ultimate professional.

Dr Thomas Walford acts as an expert witness. He is a governor at the Expert Witness Institute.

The world changed particularly over the 2008 credit crunch. I have worked on interest rate hedging products, a means of protection against interest rate rises. Many who bought these products have suffered from the long period of very low rates and ended up paying more than if they had a floating rate loan. Deciding whether the issuing banks advised the clients correctly and, whether they had a reasonable prospect of understanding the issues is very important when advising the court.

It is difficult to predict what you will be asked in the witness box. Therefore you need to be very familiar with the case beforehand.

During cross examination you will be challenged regarding how appropriate your opinions are in relation to the case. This can be intimidating. It is up to you to justify why you should be considered an expert in this particular instance. The most important thing is to make sure you give full answers. Mention the assumptions and the limits to which your answer applies. You would not want any comment to be taken out of context. You never know when the cross examination will end. Once it has you cannot address anything that hasn’t been said. It does concentrate the mind.

Newsweek atricle 13.02.2015

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Disclaimer – Please confirm any of the above views with your solicitor. Expert Evidence takes no responsibility or provides any guarantee that the views above are correct for your particular case or jurisdiction.