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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 Key Buyers Chapter

The Expert Witness Consulting Services industry is highly fragmented, and no single firm has significant market share in this industry. The low concentration in the industry is due to the abundance of independent contractors, nonemployers and small specialized firms in the industry. Indeed, according to US Census data, nonemployers are expected to account for over 80.0% of industry operators. The largest firms in this industry are typically general consulting firms, which provide expert witness services as a small part of their overall offerings. As a result, the revenue they bring in for expert witness services only represents a small fraction of total industry revenue... 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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