The Expert Witness Consulting Services industry is predominately made up of technical experts who provide consulting services across a range of industries and disciplines. Over the five years to 2016, industry revenue declined, as cost-conscious clients avoided costly litigation, instead engaging in dispute resolution mechanisms, such as mediation and arbitration. Moving forward, 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, the legal industry is continually trending toward avoiding costly litigation, opting instead to work toward alternative dispute resolution. Industry operators will continue to face competition from large consulting firms and law firms that seek to do most casework in-house. Therefore, industry revenue is expected to grow only modestly over the next five years.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.