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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 - Starting a New Business Chapter

The Expert Witness Consulting Services industry faces a low level of regulation and minimal startup costs, allowing for regular entry of new firms. Due to the low capital intensity of the industry, establishing a firm only requires qualified consultants. However, expert witnesses generally have a high level of education, with graduate degrees in their field of expertise. Typically, industry consultants command high salaries. Average industry wages are comparatively low, mostly due to the presence of a large number of part-time independent consultants and contractors. Indeed, average wages in the Scientific and Economic Consulting industry (IBISWorld report 54169) total over $80,000... 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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