Overview

IBISWorld’s Expert Witness Services procurement research is intended to help you save time and money in the initial research stages of the buying process. Our data and analysis explain the characteristics, pricing dynamics, supply chain risks and negotiation tactics of Expert Witness Services to help your company negotiate strategically with suppliers. Our report insights also give your company the credibility to work with internal stakeholders and executives to better manage the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Expert Witness Services - Recent Price Trend

During the three years to 2017, the price of expert witness services has been increasing at an estimated annualized rate of 0.4%. A strengthening domestic economy, represented by increases in the number of businesses and rising corporate profit, has elevated demand for expert witness services, placing upward pressure on prices. However, high market fragmentation and falling crime rates have...

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Expert Witness Services - Total Cost of Ownership

The total cost of ownership (TCO) for expert witness services is moderate, amounting to between 50.0% and 100.0% of the benchmark price per year. One of the key hidden costs in this market stems from travel and accommodation expenses for expert witnesses. As such, there is an inherent benefit in procuring services from a local vendor. Furthermore, some experts charge one-time engagement fees and...

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About this Report

This report is intended to assist buyers of expert witness services. Expert witnesses have expertise or specialized knowledge in a particular subject through education, training, skill or experience that is relied upon as evidence in legal proceedings. Expert witnesses may be involved in document examination, trial preparation or on-trial testimony. Relevant areas of expertise include engineering, medical, healthcare, product liability and construction, among other disciplines. Vendors in this market are typically individuals, but also include companies that help the buyer acquire potential experts and then narrow down the list to the best candidate. This report does not cover jury member services and witness services.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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