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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

The Expert Witness Consulting Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Products Chapter

The Expert Witness Consulting Services industry derives its revenue from expert testimony on a broad range of topics. The industry generates the greatest portion of revenue from economic consulting activities, followed by consulting in the fields of energy, mining and geology, medical and safety, and agriculture.

Economic experts

The industry's largest demand service segment is for economic experts, who are expected to account for 26.6% of industry revenue in 2014. Economic consulting services are demanded as expert testimony on major litigation issues in the areas of antitrust, intellectual property damages, and the practices of financial institutions... 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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