Expert Witness Consulting Services
Over the five years to 2018, revenue for the Expert Witness Consulting Services industry is expected to increase. This growth is the result of an expanding economy that has better enabled consumers, businesses and governments to engage in costly litigation. The growth in revenue has encouraged a wide range of experts to offer services to law firms. Since the majority of industry players are self-employed sole operators, the number of employees grew. Nevertheless, increasing competition has constrained profit growth, a trend that is expected to continue. Over the five years to 2023, IBISWorld projects industry revenue to increase. Expert witness consultants will benefit largely from strengthened demand from law firms, higher corporate profit, a larger number of civil cases and greater per capita disposable income.
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.