VEI

What VEI does

VEI (Vocational Economics, Inc.) is a US-based forensic consulting firm that has been operating for over 40 years, founded in 1980 and headquartered in Louisville, Kentucky. The firm specializes in objectively defining economic damages for legal proceedings, with two core service lines: Lost Earnings Analysis (vocational and economic quantification of lost earning capacity due to permanent disability, wrongful death, wrongful termination, or employment discrimination) and Life Care Planning (estimation of future medical care costs for catastrophically injured individuals). Services are delivered through a multidisciplinary team of vocational economic analysts, rehabilitation experts, economists, nurses, and certified public accountants, many holding PhDs and certifications such as CRC, CNLCP, and F/ABVE.

The firm supports cases across personal injury, wrongful death, divorce/family law, workers compensation, employment law, medical malpractice, and commercial litigation, and also holds vocational-expert contracts with the Social Security Administration. Experts provide testimony in state and federal courts in almost every US state, supported by 13 physical offices across major metropolitan markets including Louisville, Chicago, Columbus, Dallas, Las Vegas, Los Angeles, Agoura Hills, Nashville, Tampa, Clearwater, Houston, San Francisco, and Raleigh. The firm has developed proprietary forensic databases built on decades of internal research using American Community Survey data on disability impact on earnings, worklife expectancy, and demographic/statistical analysis.

VEI operates as a privately held, independent professional services firm with no disclosed external funding, parent company, or institutional ownership. Revenue is generated through quote-based professional service fees tied to case complexity, required expertise (single expert, dual expert, or single-discipline analysis), and service scope, with no publicly disclosed pricing or fee schedules. The firm reaches customers primarily through attorney referrals, its website (case inquiry forms and expert CVs), and professional seminars and conferences within the legal community.

Name

VEI

Legal name

Vocational Economics, Inc.

Website

https://vocecon.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

11–50 employees

Short description

VEI is a US forensic consulting firm that defines economic damages for litigation through lost earnings analysis and life care planning, serving attorneys in personal injury, wrongful death, family law, workers compensation, and employment cases across nearly every state.

Ownership category

akta.pro rank

Product category

Forensic Economic Consulting

NAICS

Legal Services (5411), Other Scientific and Technical Consulting Services (541690), Vocational Rehabilitation Services (62431)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Economic Damages & Lost Profits Analysis (BPAHANAI)

Keywords

• Forensic economics consulting
• Lost earnings analysis
• Life care planning
• Expert witness testimony
• Vocational economic analysis

Headquarters

HQ city

Louisville

HQ country

United States

HQ region

North America

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Forensic Consulting Services: VEI provides expert witness and consulting services for legal cases involving economic damages. Services include vocational economic analysis, lost earnings analysis, life care planning, and expert testimony in state and federal courts. Revenue is generated through professional service fees for case analysis and testimony.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

VEI is a national forensic consulting firm that defines economic damages for legal cases through two primary service lines: Lost Earnings Analysis and Life Care Planning. The firm assigns multidisciplinary teams of vocational economic analysts, rehabilitation experts, economists, nurses, and certified public accountants to quantify loss of earning capacity, future medical care costs, and commercial damages for attorneys and government agencies. Experts deliver in-person analysis and testimony in state and federal courts nationwide.

Product overview

VEI is a forensic consulting firm offering two core service modules: Lost Earnings Analysis and Life Care Planning. Lost Earnings Analysis provides vocational and economic analysis to quantify lost earning capacity due to disability, death, or employment loss through combined vocational-economic expert testimony. Life Care Planning estimates future medical care costs for catastrophically injured individuals through certified life care planners who develop individualized plans identifying services needed to maximize functional potential and enhance quality of life. Both services are delivered by a multidisciplinary team of vocational economic analysts, rehabilitation experts, economists, nurses, and CPAs who provide expert testimony in state and federal courts nationwide.

Differentiator

Problem solved

Functional benefit

Products and services

• Lost Earnings Analysis

Quantifiable outcome

• 800+ Life Care Plans completed by single expert
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• J.S. Held: Global forensic consulting firm offering economic damages, lost earnings, and life care planning expert services to the legal community. Directly comparable to VEI in core service lines and target customer base, though materially larger and PE-backed.
• Rimkus Consulting Group: Forensic consulting firm providing economic damages assessment, expert testimony, and litigation support across multiple disciplines. Highly comparable service mix and legal-customer orientation to VEI, with broader engineering and scientific capabilities.

Broad incumbents

• Berkeley Research Group (BRG): Large global consulting firm with deep economic, financial, and damages expertise serving law firms and corporations in litigation matters. Overlaps with VEI in economic damages quantification but serves a wider range of practice areas and geographies.
• Analysis Group: Leading economic and financial consulting firm providing expert testimony and analytic support in litigation matters. Comparable to VEI in lost-earnings and damages work but operates at much larger scale across health economics, antitrust, and finance.
• Cornerstone Research: Economic and financial consulting firm specializing in litigation support and expert testimony. Directly comparable to VEI in damages analysis for legal proceedings, but with broader finance, accounting, and strategy practices.
• NERA Economic Consulting: Global economic consulting firm providing expert economic analysis and testimony in litigation, regulation, and policy. Overlaps with VEI in economic damages and labor economics, but serves a broader mix of antitrust, energy, and regulatory matters.
• FTI Consulting: Global advisory firm with a disputes and economic consulting segment providing expert testimony and damages quantification. Comparable to VEI in litigation support services but operates at vastly larger scale across corporate finance and restructuring.
• Alvarez & Marsal Disputes and Investigations: Global professional services firm with disputes, investigations, and economic expert services supporting legal proceedings. Directly comparable to VEI in damages and economic analysis work for attorneys, but with broader turnaround and restructuring practice.
• Stout: Global advisory firm offering valuation, economic damages, and litigation support services. Overlaps with VEI in lost earnings analysis and expert testimony for legal cases, with broader valuation and transaction advisory capabilities.
• Kroll: Global risk and financial advisory firm providing expert services, economic analysis, and litigation consulting. Comparable to VEI in damages and expert testimony engagements for legal clients, with significantly broader investigations and cyber practices.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/vocecon
• Facebookfacebook.com/vocecon
• LinkedInlinkedin.com/company/vocational-economics-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VEI