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The median initial retainer fee for an expert witness is $2000. The median hourly fee for file review/preparation for all non-medical expert witnesses is $245. The median hourly fee for file review/preparation for all medical expert witnesses is $350 (43% higher than for non-medical experts).
Retainer fees are based on demand and experience and can range widely. $2000 to $3000 is a standard starting rate. Rates for chart review and report preparations average $300- $400 per hour. Average rates for deposition and testifying at trial are slightly higher at $400 to $500 per hour.
Average rates After compiling expert witness fee data from more than 35,000 cases, we discovered that the average rate for initial case reviews for all expert witnesses is $356/hour, the average rate for deposition appearances is $448/hour, and the average rate for trial testimony is $478/hour.
Expert witnesses usually charge hourly rates for trial preparation, depositions, and testimony, which can add up quickly in complex cases. In a 2021 survey of ~1.1k expert witnesses, the average hourly rates for these three services worked out to some pretty princely sums: Case prep: $422/hr. Deposition: $524/hr.
For this kind of generalized testimony, Rule 702 simply requires that: (1) the expert be qualified; (2) the testimony address a subject matter on which the factfinder can be assisted by an expert; (3) the testimony be reliable; and (4) the testimony ?fit? the facts of the case.
Ing to SEAK's 2021 Survey of Expert Witness Fees: The median hourly fee for testifying in court for all experts responding is $500/hour. 66% of experts responding require retaining counsel to sign a retention agreement. 57% of experts responding raised their rates in the last five years.
Many experts bill hourly, subdivided into quarter-hour increments. For example: ?1/1/23 ? 1.25h John Doe case review.? Add up the total and invoice monthly when a case has activity. Communicate with the attorney to be clear about potential large bills, such as writing a report or reviewing long medical records.
A witness may be qualified as an expert based on knowledge, skill, experience, training, or education. The standard is a minimal one. The witness need not be the best available expert or have extensive training. The expert's qualifications must be established on the record before the witness is asked to give opinions.