How big is the expert witness industry?
About $6 to $8 billion per year according to BARRY SHLACHTER, a Fort Worth
STAR-TELEGRAM STAFF WRITER
Some examples he points out in his article:
Texas Christian University business professors: $650,000 for the 1,100 hours he devoted to reviewing the business practices of former Chief Executive Kenneth Lay.
Auto engineer: goes from being a $130,000-a-year engineer at Ford to an expert witness who billed his former employer $22 million from 2002 to 2005
“In patent litigation, the average cost per side is $2 million. There are 2,814 patent litigation filings in 2003, which means about $11 billion. If just 1 percent was spent on expert witnesses, that’s more $1 billion for patent cases alone.
STAR-TELEGRAM STAFF WRITER
Some examples he points out in his article:
Texas Christian University business professors: $650,000 for the 1,100 hours he devoted to reviewing the business practices of former Chief Executive Kenneth Lay.
Auto engineer: goes from being a $130,000-a-year engineer at Ford to an expert witness who billed his former employer $22 million from 2002 to 2005
“In patent litigation, the average cost per side is $2 million. There are 2,814 patent litigation filings in 2003, which means about $11 billion. If just 1 percent was spent on expert witnesses, that’s more $1 billion for patent cases alone.
posted by The Experts @ 11:03 AM
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