Expert Witness Rate

[Kevin Van Horn]

How do you calculate your rate for appearing as an expert witness? What are the important things to address with these clients?

I have successfully avoided this type of assignment in the past, but it's coming up more often now.
Thank You

 

[Mark K]

I have a minimum 4 hr. charge and an hourly rate after that. The 4 hour includes reviewing the file and travel. I use this for court testimony/waiting around time and for any depositions prior to court.

Most appraisers I know charge about $150-$175/hr but some charge much more.

Bottom line: Don't sell yourself too cheap. Hell, my car dealership charges over $100/hr for repairs. I'm worth more than them! LOL!

 

[NachoPerito]

When you think about what to charge per hour think about what you make per hour right now and multiple it by 6. $200 to $300 per hour is normal and includes travel, prep, etc. Make sure you know who will pay you because sometimes it is hard to collect afterwards. Get a $1,000 retainer and try to get it done within that amount.