NERA Economic Consulting at a Glance


  • "High profile cases, high prestige firm."
  • "Working in teams with smart and dedicated people."
  • "Good hours, good culture and the ability to deliver top-notch work to clients."
  • "Everyone is a nerd!"


  • "Stress."
  • "Unpredictable hours."
  • "After 3 to 5 years, you have reached the highest level that you can have without a PhD."
  • "Does not value MBAs and workloads can vary significantly from team to team."

The Buzz

  • "Intelligent and professional."
  • "Fairly good work product; pricey."
  • "Too big; unfriendly."
  • "Very good in their niche."

About NERA Economic Consulting


It's the economy, stupid

NERA Economic Consulting makes its buck off understanding what many people can't: the economy. The New York-based firm provides economic advice, analysis, expert testimony and regulatory insight for clients throughout North 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 half a century. It specializes in bringing academic analysis, objectivity and real-world industry experience to bear on issues arising from competition, regulation, public policy, strategy, finance and litigation using 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. In 1983, global professional services firm Marsh & McLennan bought out 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's 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 call on NERA professionals to provide 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; risk management, business valuation and dispute avoidance-and if that doesn't work-dispute 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 a plethora of 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 the world over.



June 2014 

New NERA Economic Consulting Study shows Oil and Gas Industry contributes billions of Euros in net payments to European governments 

A NERA study, Energy Taxation and Subsidies in Europe, commissioned by the International Association of Oil & Gas Producers (OGP), analyzes and compares the taxation and subsidy regimes applying to oil, gas, coal, wind, and solar power in the EU28 and Norway during the period 2007-2011. Using a methodology developed for the analysis, NERA's experts offer a new perspective on the important question of subsidy and government support to different energy sources. NERA's approach quantifies the full range of financial flows both to and from different sources of energy as a result of government policy, including direct subsidies, other transfers of funds, and major taxes.


March 2014 

NERA Economic Consulting Opens Office in Mexico City 

NERA established an office in Mexico City, Mexico. The move gives NERA a physical presence in the country and will strengthen the firm's ability to provide consulting services both in Mexico and throughout Latin America.


February 2014 

NERA Economic Consulting Releases 'Failed Bank D&O Litigation, Trends, and Economics' 

Failed Bank D&O Litigation, Trends, and Economics, examines the economics of bank failures over the period of 2008 to 2013 and implications for associated litigation against Directors & Officers (D&O) going forward. The paper highlights the importance of expert economic analysis in D&O litigation, and, furthermore, warns of the potential danger of overreliance on misleading summary statistics and simplistic data groupings when attempting to quantify and distinguish among different contributing causes of bank failure.


January 2014 

NERA Named One of World's Leading Competition Economics Practices by Global Competition Review 

NERA was recognized as one of the world's leading competition economics consulting firms in a survey by Global Competition Review. Conducted annually, the GCR "Economics 20" survey identifies leading economic consultancies based on criteria such as antitrust and competition practice growth, number of practice personnel nominated to The International Who's Who of Competition Lawyers & Economists, and notable client engagements.


January 2014 

Recent Trends in Securities Class Action Litigation Report Released by NERA: Large Settlements Get Larger, Small Settlements Get Smaller 

Recent Trends in Securities Class Action Litigation: 2013 Full-Year Review, an annual report released by NERA Economic Consulting, reported that more securities class actions were filed in US federal court in 2013 compared to 2012 but the increase was a small one. Average settlement amounts for "usual" securities class actions in 2013 broke prior records, reaching $55 million, an increase of 53% over 2012 and a 31% increase over the previous high in 2009. (By "usual," we mean excluding settlements over $1 billion, merge objection settlements, and IPO laddering settlements.) The median settlement amount for 2013 was $9.1 million, a 26% decrease compared to 2012.


November 2013 

NERA Assists FTC in Office Depot-OfficeMax Merger Review 

NERA assisted the US Federal Trade Commission (FTC) in its review of the proposed merger between Office Depot, Inc. and OfficeMax, Inc. NERA experts evaluated the impact of the merger on the office supplies market. The FTC unanimously decided to close its investigation and allow the merger to proceed. In a statement, the FTC noted, "In this case, significant developments in the market for consumable office supplies have led us to approve a merger when we had blocked a similar merger sixteen years ago."

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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


  • Employer Type: Subsidiary
  • Stock Symbol: MMC
  • Stock Exchange: NYSE
  • President: Dr. Lawrence Wu
  • 2014 Employees: 500

  • Employment Contact
    Visit NERA's careers page

  • 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 Criminal Litigation, Investigations, and Compliance

Major Office Locations

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

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