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 Locations Chapter
The distribution of expert witnesses in the United States reflects the general distribution of the population, with increased density in and near key markets of government and corporate clients.
The Southeast region contains about 26.6% of industry establishments, in similar proportion to its large population share of 25.4%. California has the highest industry establishment concentration in the United States, containing 12.3% of industry locations. The large concentration of high-growth tech and finance firms located in the San Francisco Bay Area produces a larger share of expert witness revenue, establishments and employment of any other state... purchase to read more