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Expert Witness Consulting Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Expert Witness Consulting Services Market Research Report | Advisory & Financial Services | Legal Services | Jul 2014

Expert testimony: More civil court cases and increased budgets will heighten industry demand

IBISWorld’s Expert Witness Consulting Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$390m
Annual Growth 09-14
6.8%
Annual Growth 14-19
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Profit
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Employment
4,016
Businesses
2,326
Industry Analysis & Industry Trends

During the recession, demand for the Expert Witness Consulting Services fell due to lower corporate profits and tightened government budgets. However, as the economic downturn's aftereffects start to dwindle away, demand for industry services will rise as budgets return to prerecessionary levels. In the next five years, the industry is set to benefit from an increase in per capita disposable income, government consumption and investment, corporate profit and strengthened demand from law firms. Despite these improvements, expert witness consulting firms will continue to face competition from large consulting firms and law firms that have a general counsel or in-house legal team with expert witnesses.... purchase to read more

Industry Report - Industry Analysis Chapter

The Expert Witness Consulting Services industry has recovered strongly from the recession. Prior to the recession, the industry experienced strong growth due to high corporate activity and demand from other markets, including consumers and the government. However, the industry faced declines during 2009, primarily as a result of the recession, which reduced the ability of industry customers to pay for expert witness consulting services. Business activity also slowed down, lowering the frequency of corporate lawsuits and litigation. Luckily for companies in the industry, demand has quickly picked up as economic growth recovered. Class-action lawsuits have also remained prevalent, driving demand for industry services... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Expert Witness Consulting Services Industry?

This industry provides witnesses to offer expertise and specialized knowledge within particular subject areas in court cases. This does not include in-house expert witnesses from firms that have a general counsel or legal team.

Industry Products
Economic expertsEnergy, mining and geological expertsMedical and safety expertsAgricultural, fisheries and biological expertsOther experts
 
Industry Activities
Providing economic expertsProviding energy, mining and geological expertsProviding medical and safety expertsProviding agricultural, fisheries and biological experts


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