Edited to reflect new information...
Here is a link to some past data where a warrior tested parry rates on this forum.
http://elitistjerks.com/f31/t18771-p...ior_guide/p75/
Here we have 10191 swings with a tooltip showing 13.75% reduction from Expertise. We do not however know the exact expertise rating. Worst case scenario, if this test were conducted with 377 expertise rating (with +10 from talents). This would still show 13.75% on the tooltip and gives a parry rate of 13.9974%. In this case one would see a parry in ~38640 attempts so its still possible the rate is 14%.
Above we have a test showing a parry within 318 attempts at 375 expertise rating and +10 expertise showing that the parry rate is greater than 13.9364%
I did a few followup tests on the PTR. It should be noted that currently expertise rating is giving 125% conversion on the PTR.
With 298 expertise rating and 10 expertise from talents I found 1 parry in 1290 attacks showing the rate to be greater than 13.8602%. If 14% expected 1 parry per ~715 attempts.
I then tested with 300 expertise (the equivalent to 375 above) and got a single parry in 1917 attacks. Which confirms the above rate greater than 13.9364%. If 14% expected 1 parry per ~1573 attempts.
Unfortunately, my expertise gear on the PTR I cannot test at 301, but everything is pointing to 14%.