NERA Economic Consulting at a Glance

Uppers

  • "Responsibility ramps up very quickly."
  • "The people and the work are interesting."
  • "Steep learning curve and opportunities to develop technical skills, as well as interpersonal skills."

Downers

  • "Need a PhD or advanced degree to advance to senior ranks."
  • "So many things are dependent on the group you get placed into—if you don't get a good group, you're kind of out of luck."
  • "Unpredictable hours."

The Buzz

  • "Great at what they do."
  • "Good technical skills and expertise.'
  • "Top for economics."

About NERA Economic Consulting

NERA Economic Consulting makes its buck off understanding what many people can't: economics. The global firm provides economic advice, analysis, expert testimony, and regulatory insight for clients throughout North America, Latin America, Europe, and the Asia-Pacific region. Employing more than 500 professionals, including 425 economists, the firm has been creating strategies, studies, reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations for more than half a century. NERA specializes in bringing academic analysis and rigor, objectivity, and real-world industry experience to bear on issues arising from competition, regulation, public policy, strategy, finance, and litigation. The firm uses hard economic data to make its case, drawing on its professionals' expertise in statistics, econometrics, game theory, mathematics, and computer science.

A big umbrella

NERA was founded in 1961 as National Economic Research Associates by Dr. Jules Joskow-a professor of economics-and Dr. Irwin Stelzer, an economist. It was the first consulting firm dedicated to methodically applying rigorous microeconomic thought to litigation and regulatory matters. In 1983, global professional services firm Marsh & McLennan acquired the firm, with Joskow staying on with the company under Marsh & McLennan's direction and Stelzer acting as president for a couple of years before he opted to strike out on his own. Today, NERA exists as a business unit of Marsh & McLennan subsidiary the Oliver Wyman Group, operating alongside other Marsh & McLennan professional services units, such as risk and reinsurance specialist Guy Carpenter, insurance broker and risk adviser Marsh, and human resources solutions provider Mercer.

NERA know-how

Among NERA's many service offerings, it is often called on for its antitrust capabilities. Respected and experienced in the world of antitrust and competition authorities, clients depend on NERA professionals for economic analysis and testimony on business issues related to mergers and acquisitions, antitrust litigation, and competition policy. Consultants are able to look at economic matters arising in antitrust cases and to help clients deal with issues such as market definition and power, market structure and entry conditions, pricing, profitability, and damages.

With total write-downs and losses stemming from the credit crisis reaching into the trillions worldwide, financial institutions facing an emerging regulatory and competitive environment come to NERA for assistance in securities and commercial disputes, market efficiency and trading analysis, valuations of fixed-income and derivative products, and risk management. NERA also provides expert advice on commercial litigation and damages. Consultants in this area provide analyses of clients' competition, regulatory environment, and management decisions; cost, pricing, and product strategies; and risk management, business valuation, and dispute avoidance and resolution, among other services.

NERA is also deeply involved in climate change analysis. As policies to reduce greenhouse gas emissions are proposed and implemented, NERA economists help government entities and companies understand the complex effects of those regulations, promote renewable energy, and improve energy efficiency.

Publish and be … recognized

Not surprisingly, for a company boasting numerous academics, NERA's consultants like to publish their findings in formats that range from journal and magazine articles to white papers and books. Interviews with NERA consultants also pop up regularly in publications around the world.

IN THE NEWS

July 2016

Dr. Lauren Stiroh Named Chair of NERA's Global Antitrust and Competition Practice

NERA Senior Vice President Dr. Lauren Stiroh was named Chair of the firm's leading Global Antitrust and Competition Practice. Dr. Stiroh, a recognized expert in the economics of antitrust, intellectual property, and commercial damages, succeeded Senior Vice President Dr. Ramsey Shehadeh, who finished a successful term as Chair. Dr. Stiroh has conducted research, prepared expert reports, and testified in court on a variety of issues arising from antitrust allegations. She has extensive experience analyzing the competitive effects of mergers, acquisitions, and joint ventures and has performed or critiqued damage calculations in dozens of industrial settings. Dr. Stiroh is recognized annually in Global Arbitration Review's The International Who's Who of Competition Lawyers & Economists.

February 2016

NERA Experts Recognized in Who's Who Legal Arbitration Expert Witnesses Analysis 2016

Six NERA Economic Consulting experts: Antoinette Pincott, Dr. Alexander Voegele, Dr. Chudozie Okongwu, Dr. David Tabak, Dr. Jeff Makholm, and NERA Chairman Dr. Andrew Carron have been recognized as leading arbitration expert witnesses in Who's Who Legal Arbitration 2016: Expert Witnesses Analysis. In the guide's editorial, Who's Who commented that: "NERA continues its upward trajectory in our research, growing its contingent again year on year to six in this edition.

February 2016

NERA President Dr. Lawrence Wu and Leading Antitrust Attorney Michele Floyd Publish Book on Antitrust Class Certification

NERA President Dr. Lawrence Wu co-authored a book on antitrust class actions with Michele Floyd, a partner in the San Francisco office of Sacks Ricketts & Case LLP. The book, The Revolution in the Law and Economics of Antitrust Class Certification, examines recent changes in the way courts are reviewing and deciding antitrust class actions and the resulting impact on how such cases are litigated today.

February 2016

NERA Affidavits Cited in Supreme Court Decision

Affidavits authored by the late NERA Special Consultant Alfred E. Kahn, and supported by Vice President Jonathan Falk and Affiliated Consultant Dr. Michael Rosenzweig, were cited by US Supreme Court Associate Justice Elena Kagan in the Court's ruling in Federal Energy Regulatory Commission v. Electric Power Supply Association.

This case came to the Supreme Court on writ of certiorari from the Court of Appeals for the District of Columbia Circuit, which had vacated FERC Order No. 745, a rule that required wholesale market operators to set an equal price for demand responsive providers that conserve energy and for generators that produce energy.

In a 6-2 decision, Justice Kagan, writing for the majority, affirmed not only the jurisdiction of FERC to issue Order 745, but, quoting directly from Dr. Kahn's affidavit, gave FERC credit for following reasonable advice to a reasonable conclusion. 

January 2016

Leading Australian Economic, Financial, and Regulatory Experts Join NERA Economic Consulting

NERA Economic Consulting expanded its Australian presence with the addition of six new experts in the Melbourne office. The Melbourne team is led by Robert Southern, a highly regarded economic, financial, and regulatory expert, who joined the firm's global Energy and Environmental Economics Practice as a Director and the Head of NERA's offices in Sydney and Melbourne. In addition, Associate Directors Rebecca Billings, David Graham, and Deirdre Rose, and Senior Consultants Mark Fitzgibbon and Alex Richardson joined NERA's Melbourne office.

March 2015

NERA Expands International Roster of Experts

NERA announced numerous senior hires in offices throughout the globe. Intellectual property and valuation expert Kristopher A. Boushie joined as a Vice President in the Washington, DC office. Telecommunications expert Dr. Bruno Soria joined the firm's Madrid office as Associate Director of the Communications, Media, and Internet Practice. Patrick Breslin joined the firm's Transfer Pricing Practice as Vice President in the Washington, DC office. Antoinette (Toni) Pincott joined the firm as Senior Vice President to lead the further development of the International Arbitration Practice, based in London.

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NERA Economic Consulting

1166 Avenue of the Americas
24th Floor
New York, NY 10036
Phone: (212) 345-3000
Fax: (212) 345-4650

Stats

  • Employer Type: Subsidiary
  • Stock Symbol: MMC
  • Stock Exchange: NYSE
  • President: Dr. Lawrence Wu
  • 2016 Employees: 500

  • Employment Contact
    www.nera.com

  • Major Departments & Practices
    Antitrust and Competition
    Auctions
    Bankruptcy and Financial Distress Litigation
    Class Actions and Class Certification
    Commercial Litigation and Damages
    Communications, Media, and Internet
    Consumer Protection in Financial Services
    Corporate Governance and Compliance
    Energy
    Environmental Economics
    Financial Institutions and Banking
    Financial Risk Management
    Health Care and Life Sciences
    Insurance
    Intellectual Property
    International Arbitration
    Labor and Employment
    Mass Torts and Product Liability
    Postal Services
    Radio Spectrum
    Regulatory Economics
    Risk Advisory Services
    Securities and Finance
    Statistical Sampling and Analysis
    Survey Research, Design, and Analysis
    Transfer Pricing
    Transport
    Valuation
    Water
    White Collar, Investigations, and Enforcement

Major Office Locations

  • New York, NY (HQ)
    28 offices in 14 countries