The expert witness industry and amounts paid by law departments

One cost for law departments embroiled in litigation are fees of expert witnesses. “The expert-services industry was estimated by one insider to be reaping $6 billion to $8 billion a year,” according to the Star-Telegram.com, May 14, 2006 (Barry Schlacter). A litigation manager can locate an expert through various directories, referral services, and internet sites I have served as an expert witness.in two cases (both on law department billing arrangements and fees), and found the responsibility challenging and stressful.

At least four companies that provide expert witness have gone public: LECG, Huron Group, Navigant and FTI Consulting (See my post of April 19, 2005 on patent expert witnesses, and its reference to Exponent.).