Stanley P. Stephenson, Ph.D.
Litigation Economics, LLC
2202 Northwest Shore Boulevard, #200
Tampa, FL 33607
800-479-2341 Fax: 941-487-8676
Web Site:

Stanley P. Stephenson offers a wide range of economic consulting & litigation support services involving economic value assessments. His experience includes business valuations, economic & quantitative analysis, & market assessments. Expert witness services are provided to defense counsel & plaintiff attorneys.

Dr. Stephenson has experience in:

  • Economic damages assessment & expert testimony in complex tort & commercial litigation.

  • The economics of various industries including high-tech manufacturing, software development, agricultural product processing, auto accessories, hotel, real estate, eating & drinking places, pharmaceutical, chemical, hospital, insurance, transportation, professional sports, retail, petroleum & cosmetics; international agencies & federal government.
  • Approximately 275 cases including products liability, breach of contract, business valuation, construction defects, business disruption, intellectual property, employment disputes, lost profits, medical malpractice, personal injury, wrongful birth & wrongful death.
Specifically, he has:
  • Estimated damages in patent infringements in pharmaceutical, chemical & pager manufacturing industries.
  • Assessed lost profits & diminished business value in business disruption cases due to fire, construction defects, contract breach, & franchise agreement modification.
  • Evaluated the present value of future medical costs in tort cases such as medical malpractice, products liability, premises liability & related cases.
  • Developed forecasting models of economic activity (demand, market & industry analyses) to derive educational needs for Indonesia enabling $41m Asia Development Bank loan.
  • Provided insurance industry competitor & market analysis, information technology, strategic planning, & economic assessment of key technologies.
  • Created economic models to assess waste water management costs for major processor of sugar beets. Analysis formed foundation of client’s environmental accounting system.
  • Estimated damages in misappropriation of trade secrets involving employees. In one case, lists of customers & vendors were used to start a competitor mail order firm. In another, employees gave integrated circuit design & development plans to a competitor semiconductor firm who hired them.

Past Positions

From 1996 to 2003, Dr. Stephenson was Regional Commissioner, Bureau of Labor Statistics, San Francisco Region. In this capacity, he led a large staff of professional economists in collecting, analyzing & distributing economic information on wages, employment & inflation in an eight state area.

From 1994-1995, Dr. Stephenson was Managing Director. Management & Strategy Analysis. Inc. in New York City He directed professional staff on economic consulting projects, developed strategic planning practice & provided expert witness services to law clients.

Previously, from 1986 to 1993, Dr. Stephenson held several management positions with Aetna Life & Casualty. Inc. including Assistant Vice-President, Aetna International, Inc. His responsibilities included strategic planning & business development, business performance measurement & management support systems.

From 1984 to 1986, Dr. Stephenson taught MBA courses in economics, statistics & human resource management as Associate Professor of Economics & Business Administration at the University of Hartford.

From 1976 to 1984, Dr. Stephenson was at The Pennsylvania State University, from 1982-1984 as Director, Center for Human Resource Research & Associate Professor of Business Administration, & from 1976-1982 as Associate Professor of Economics. In these positions, he directed economic studies & taught courses in labor economics, managerial economics, statistics, & human resource management.

  • Ph.D. (Economics) 1973 - Indiana University
    Major fields: Labor econometrics, Business economics & Planning.
  • B.A. (Economics) 1965 - Ball State University
  • Brookings Economic Policy Fellow, 1975 - 1976
  • American Peace Corps Volunteer, India, 1965 - 1967
  • Financial Management Association
  • National Association of Certified Valuation Analysts
  • National Association of Forensic Economists
  • The Bar Association of San Francisco-Litigation Section
  • "Damages Assessment in Personal Injury Cases" for various law firms.

  • "The Value of a Housewife/Househusband: Non-market Work Valuation" for National Association of Certified Valuation Analysts, 12th Annual Conference, June 2, 2005, Philadelphia, PA.

  • "Lost Profit as a Measure of Lost Earnings Capacity" for Western Economic Association, National Association of Forensic Economists Conference, July 5, 2005, San Francisco, CA.
  • Published over 39 articles, technical reports & book chapters. (Available on request)

  • Lost Profits Damages to New Businesses: Adjusting for Survival" by David A. Macpherson & Stanley P. Stephenson, Journal of Business Valuation & Economic Loss Analysis, Volume 1, Issue 1, Article 2, 2006.

  • "Determining the Value of Household Production as a Component of Economic Damages" Valuation Strategies, May/June 2006, Vol 9, Number 5, pp. 10-17.

  • "Designing & Implementing Environmental Accounting, in a Sugar Beet Processing Company", with Joel Smith, in Pollution Prevention Review, Winter, 1999.

  • "Effective Use of Economists as Expert Witnesses" in The Daily Recorder, May 23, 1996.

  • "Adding Strategic Thinking to Strategic Planning" in Executive Insight, Spring, 1996, Vol. 2 Issue 1.

  • "Computing Economic Loss in Faulty Auto Design Cases" with Dennis J. Dugan, published in The Connecticut Law Tribune, February 7, 1994.

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