Expert Witness Industry Trends

One of the best parts of my job with Expert Services is that i get to speak with very unusual people, fairly regularly. Every expert, because they are experts, have a unique way of looking at the world around them. But with all their different takes on things, throughout our talks and emails with experts, we see a few common expert witness industry trends, that might interest you.

There is an increased inclusion of retainers as part of an expert's billing rates. And in addition, we see more experts who are including evergreen retainers (a regularly refunded retainer) with the focus on who is responsible to ensure this evergreen is always full.

Experts are being asked more and more to assist their clients with developing a budget.

Lastly, in large part correlated with the recession, many new experts have entered the expert witness industry in the last 12 months, perhaps as much as a 200% increase, with yet to be determined effect.

I will follow up with some cool data and comments for each of these, and in the meantime, I welcome comments on industry trends you  have observed.

Toby Edwards

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