The Lawyer Global Litigation Top 50 report is the only ranking of international law firms by litigation and arbitration revenue and is essential reading for anyone seeking to benchmark their litigation and dispute resolution practices...
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Just two per cent of expert witnesses are paid more than £300 an hour causing concern of a shortfall in the industry as professionals are increasingly unlikely to risk their reputations for low fees.
Research by Sweet & Maxwell revealed that 85 per cent of expert witnesses are paid less than £200 an hour, while 32 per cent charge less than £99 an hour.
Author of the research Tracey McCarthy warned that top professionals could be deterred from providing expert opinion as the level of remuneration did not reflect the high risk of criticism inherent in the industry.
The highest paid expert witnesses are from the accountancy and finance sector, with 10 per cent from this area being paid over £300 an hour.