Monday, September 5, 2011

Budget Cuts Slash Expert Funds

This just in from the BullsEye Blog: "Despite seeing the first signs of an improving economy, both the legal industry and governmental agencies are still experiencing a budget crunch. Changing fee structures at law firms and debates over the federal budget have left both groups with limited funds to locate and retain experts.

In the last few months most government agencies, including the Securities and Exchange Commission, have been forced to defend their very expensive price tags. SEC Chairwoman, Mary Shapiro, told Senate Banking Committee members that budget cuts have caused reductions in personnel, technology and litigation expenses, including the amount spent on expert witnesses. Although funds may be limited, locating the best experts is still vital to a successful case. When equally qualified experts present opposing facts to the court, the most persuasive and best credentialed experts often carry the most weight with juries.

These experts not only look impressive on paper, but also have the intangible ability to communicate with judges and juries. Unfortunately, many of these experts appear at first to be unobtainable to those with lesser litigation budgets because of larger fee structures.

Click here to read the whole article. Expert services for imaging, video, audio, and cell phone analysis can be found here.


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