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Trends in the Expert Witness Industry for 2010

Posted on January 4, 2010 12:32 PM |Permalink |TrackBacks (0)

"What litigation trends should I expect from 2010?" one of my favorite-to-work-with experts asked me a couple of week back. Its was a question I had been hearing a lot lately, and I had been asking it almost as often. Here is what I see as some of the trends in the expert witness industry.

For 2010, I see three major trends in the expert witness industry: Earlier identification and retaining of experts,  increased sensitivity to cost by clients, and an increased amount of litigation in environmental damages, financial misconduct, and in the area of labor and employment. What does this mean for expert witnesses?

First, there will be a greater amount of time between the search/identification/interviewing/retaining of experts by clients on the one hand, and the actual start date of experts, on the other. Experts will need to be able to work within a longer time frame, requiring careful expert-client coordination on invoicing.

Second, and we saw this more and more last year, Clients will be much more cost-sensitive, requesting budgets from experts, relying more on video conferencing and other cost saving measures, and taking a harder line on negotiating rates. Experts who include this cost sensitivity in to their marketing and presentations will have an advantage over their competitors.

Finally, based on industry reports and expert observations, we expect to see an increased demand for expert witnesses in many areas of litigation, perhaps particularly in environmental damages matters, in employment and labor disputes, as well as in continued (and increasingly broad) litigation from the fall-out of the financial collapse of 2008-09.

Table Group Group membership can help you take full advantage of the latest industry trends, with profile reviews, links to conferences, and marketing ideas. Just reach out to our skilled expert services coordinators, who are standing by to assist. 


  

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About This Post

This page contains a single entry by Toby Edwards posted on January 4, 2010 12:32 PM.

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