Economic Loss Report

Quantify Economic Damages in Minutes, Not Hours

12 minutes with Para

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Get started with Para

Para is an AI colleague for legal teams. Send it this work by email, Teams or Slack, and it hands back the finished document.

12 minutes with Para

What you'll need

Employment & Wage Records
Medical Records & Bills
Incident Documentation

Plans from $20 a month, with usage included.

Workflow

Overview

CaseMark's Economic Loss Report skill automates the complex process of quantifying economic damages in personal injury litigation. It extracts earnings data, medical costs, and injury facts from your case documents to produce a comprehensive, source-cited report with present-value projections ready for settlement negotiations, mediation, or trial.

Calculating economic damages in personal injury cases requires painstaking manual review of pay stubs, tax returns, medical bills, and expert reports. Attorneys and paralegals spend hours building spreadsheets, cross-referencing documents, and ensuring every figure is defensible — a process prone to errors and bottlenecks that can delay settlements and trial preparation.

CaseMark's AI-powered Economic Loss Report skill ingests your employment records, medical documentation, and incident files to automatically calculate past lost wages, project future economic losses, tabulate medical expenses, and quantify out-of-pocket costs. Every figure is cited to its source document, and the report presents conservative and aggressive scenarios so your team can move from raw documents to a polished damages report in minutes.

How to hand this to Para

1. Send Para the files
Email them, drop them in a Teams or Slack message, or upload them.
2. Para runs the Economic Loss Report skill
It works from your files and checks its citations against the record.
3. The finished document comes back
Para returns it where you asked, usually as a DOCX, and offers the next step.

Example request · email, Teams or Slack

Para, run the Economic Loss Report skill for the Garcia matter. I've attached the Employment & Wage Records, Medical Records & Bills and Incident Documentation. Send the finished draft back here as a DOCX.

What Para does

1. Upload employment records, medical documentation, and incident files
2. AI extracts claimant profile, earnings history, and injury facts from your documents
3. Review calculated past/future lost wages, medical expenses, and economic projections
4. Export the complete economic loss report in your preferred format (DOCX, PDF)

What you get

Claimant Profile & Injury Summary
Pre-Injury Earnings Baseline
Past Lost Wages Calculation
Future Economic Loss & Diminished Earning Capacity Projections
Medical Expense Tabulation (Past & Future)
Other Economic Losses Summary
Damages Summary with Conservative & Aggressive Scenarios
Exhibit List with Source Citations

What it handles

Automated pre-injury earnings baseline from pay stubs, W-2s, and tax returns
Past and future lost wage calculations with present-value projections
Diminished earning capacity analysis with conservative and aggressive scenarios
Medical expense tabulation covering past and projected future costs
Source-cited exhibit list linking every figure to supporting documents
Out-of-pocket loss quantification including household services and modifications

Required documents

Employment & Wage Records
Pay stubs (12-24 months pre-injury), W-2s, tax returns, and employer verification letters establishing pre-injury earnings
.pdf, .docx, .xlsx
Medical Records & Bills
Diagnoses, treatment notes, prognosis, work restrictions, itemized medical bills, and explanation of benefits (EOBs)
.pdf, .docx
Incident Documentation
Police reports, incident reports, or other documentation establishing the date, location, and nature of the injury-causing event
.pdf, .docx

Supporting documents

Expert Reports
Vocational evaluations, life care plans, or forensic economist reports to enhance future loss projections
.pdf, .docx
Employer Benefit Statements
Health insurance, retirement, and fringe benefit documentation to capture total compensation losses
.pdf, .docx
Out-of-Pocket Expense Records
Receipts and records for transportation, home modifications, household services, and other incidental costs
.pdf, .docx, .xlsx

Why teams use it

Eliminate hours of manual wage calculations and spreadsheet work with automated earnings analysis

Produce court-ready reports with every figure traced to a specific source document and page

Generate both conservative and aggressive damage scenarios to support flexible litigation strategy

Identify evidentiary gaps early so you can target follow-up discovery before critical deadlines

Questions

What documents do I need to generate an economic loss report?

At minimum, you'll need employment and wage records (pay stubs, W-2s, tax returns), medical records and bills, and incident documentation. CaseMark can also incorporate expert reports like vocational evaluations and life care plans for more comprehensive projections.

How does CaseMark calculate present-value projections?

CaseMark applies standard economic discount rates to future lost wages and medical expenses, generating present-value figures that align with accepted forensic economics methodology. The report includes both conservative and aggressive scenarios so you can tailor your demand strategy.

Will the report hold up to scrutiny from opposing counsel?

CaseMark's economic loss reports are structured to withstand challenge by citing the source document and page number for every factual assertion. The report also flags evidentiary gaps so you can address them through follow-up discovery before trial or mediation.

Can the report account for diminished earning capacity?

Yes. CaseMark analyzes pre-injury earnings trajectories, work restrictions documented by treating physicians, and available vocational data to project diminished earning capacity over the claimant's remaining work-life expectancy.

How long does it take to generate a complete report?

CaseMark typically generates a comprehensive economic loss report in approximately 10-15 minutes, depending on the volume of uploaded documents. This replaces what traditionally takes hours or days of manual calculation and drafting.

Does the report include medical expense projections?

Absolutely. CaseMark tabulates all past medical expenses from itemized bills and EOBs, and projects future medical costs based on treatment plans, prognosis notes, and life care plan data when available.