The Brattle Group at a Glance


  • "Challenging work, smart people, and strong mentors."
  • "Intellectual stimulation; firm culture; collegial quality."
  • "The strong desire for everyone at the firm to succeed."
  • "Value placed on integrity and promoting a culture of inclusion and respect for all."


  • "Deadlines imposed by external forces."
  • "Growing pains."
  • "Projects can often be similar."
  • "Your experience depends heavily on the projects you work on, which is not something that you can have control of."

The Buzz

  • "Niche. Good studies."
  • "Niche economic consulting firm."
  • "Very well respected."

About The Brattle Group

The Brattle Group answers complex economic, regulatory, and financial questions for corporations, law firms, and governments around the world. Originating in 1990 as a five-person outfit, Brattle combined with Incentives Research, Incorporated in 1995 to strengthen its expertise in energy matters and opened its first office in Cambridge. The firm's 300-plus employees-now working from nine offices in the United States, Canada, Spain, Italy, Australia, and the United Kingdom-serve a number of industries, including electric power, financial institutions, infrastructure, natural gas and petroleum, pharmaceuticals and medical devices, and telecommunications and media. 

Where its energy lies

Today, Brattle's specialties lie in energy, finance, and litigation throughout North America, Europe, Latin America, and the Asia Pacific region. In the energy sector, one of Brattle's major practice areas, it services clients in the electric, natural gas, and petroleum areas. The firm assists investor-owned utilities, public utilities, electricity and pipeline customers, power generators, transmission organizations, and regulatory authorities with planning, regulation, and litigation efforts. It provides gas clients - whether involved in production, marketing, or transport - with expert testimony and advice in regulatory and legal disputes over pricing, prudence and cost recovery, access, and contract performance. For electricity market participants, they provide business strategy support and help with developing (or responding to) new market designs and regulatory frameworks. The firm also has growing practices in integrated resource planning and the design and implementation of "Utility of the Future" initiatives. 

Elsewhere in the halls of commerce, financial institutions call on Brattle when faced with litigation and regulatory matters concerning securities, tax and transfer pricing, due diligence, structured finance, risk management, asset valuation, pricing of services, profitability, antitrust issues, and cost of capital. Companies in the telecommunications, media, internet and information technology, and sports and entertainment sectors call upon Brattle for support with litigation, regulation, and policy matters, and to provide business valuation and private advisory analyses. Brattle also has knowledge and experience in intellectual property, product liability, transportation and infrastructure, and general commercial litigation, as well as an established practice in international arbitration, and is regularly called on for assistance in high-profile, high-stakes disputes. Its antitrust/competition experts have worked on a number of the largest mergers, or attempted mergers, in over 50 industries. 

Brattle's brains

Brattle refers to its consultants collectively as a team, and its chain of command is structured flatly to encourage input in a peer-like manner from individuals of any level. Not only does the system foster a sense of collegiality, but it also exposes junior staff to some of the biggest brains in their fields. Brattle's principals are longtime experts in their respective industries, with advanced degrees in economics, finance, management, and engineering from top universities around the world. Its cadre of senior principals includes Daniel McFadden of the University of California, Berkeley & University of Southern California, who was the co-winner of the 2000 Nobel Prize in Economics, and Stewart Myers of MIT's Sloan School of Management, co-author of the leading graduate-level textbook on corporate finance (Brealey & Myers). The firm's experts also draw on a network of advisors that includes renowned academics and former government officials, such as the former chief economist for the U.S. Federal Communications Commission and the U.S. Federal Trade Commission, and deans and faculty at academic institutions, such as MIT, Harvard, Duke University, the University of Chicago, Stanford, and London Business School. 

Rolling out the page-turners

Brattle consultants have shared their insights in countless academic papers, books, articles, and reports, which have appeared in magazines, newspapers, and journals all over the world. The firm frequently publishes reports and discussion papers on economic issues related to the environment, energy, finance, and telecommunications industries. Junior consulting staff are often given opportunities to co-author some of these publications. 

While the firm's studies and research have won it recognition, Brattle is also on the lookout for notable research outside its own firm. Every year, the firm awards "The Brattle Group Prize" for the best papers in corporate finance to foster intellectual inquiry within the areas of finance and economics. As an incentive, winners receive $25,000, and two runner-up papers receive $10,000. 

Putting their money where their mouth is

Brattle puts a high value on the development of staff and the application of its values into everything done by the firm. To that end, the firm awards two $10,000 prizes to staff - The Bill Moss Prize to recognize excellence in mentoring, and the Brattle Prize to recognize the staff member who most exemplifies the core values of the firm - respect, performance, collaboration, and integrity. 


July 2017 

New York Attorney General's Chief Economist Guy Ben-Ishai Joins The Brattle Group 

Competition and securities expert Dr. Guy Ben-Ishai joined The Brattle Group's New York office as a principal. 

Dr. Ben-Ishai joined the firm following distinguished service at the New York State's Attorney General's Office as the Chief Economist for the past three years. In that role, he served as a senior government official and the lead economist in a multitude of matters, often pursued by the Attorney General in collaboration with other state and federal agencies. While maintaining a broad public policy expertise, his principal areas of focus have been competition, securities, and consumer protection. 

June 2017 

Brattle's Retail Energy Practice Analyzes Potential Response to the "Utility of the Future" in New Briefing Series

Brattle's Retail Energy Practice is producing a series of briefs that provide an integrated view into potential utility responses to the challenges and trends associated with the "Utility of the Future" (UoF). 

The Briefing Series analyzes the UoF from an integrated perspective by examining linkages among the financial, technological, strategic, and regulatory dimensions. The series addresses several issues, including when and how the UoF could represent a threat to the traditional utility business model, and when and how it could represent opportunities; the issues that are likely to make a material difference to the future of utilities, and the issues that are likely to be hype; and how regulatory and business initiatives can be coordinated to maximize the likelihood of a financially successful outcome for the utility and an economically beneficial outcome for customers. 

May 2017 

Brattle Economists Provide Testimony on Behalf of Solar Investors in Spain Resulting in €128 Million Award 

Spain has lost the first of the international arbitration claims under the Energy Charter Treaty, arising from the application to thermal solar investors of certain changes to the Spanish regulatory framework for renewable installations. The International Centre for the Settlement of Investment Disputes (ICSID) has rendered an €128 award in favor of the British-based Eiser Infrastructure Limited and its affiliate Energia Solar Luxembourg S.à r.I., which own three 50 MW thermo-solar power plants in Spain, ASTEXOL-2, ASTE 1A, and ASTE 1B. 

Brattle principals provided testimony on behalf of Eiser Infrastructure Limited and its affiliate Energia Solar Luxembourg S.à r.I. in the legal proceedings before ICSID in Paris, France.

May 2017 

Brattle Economists Author Risk and Return for Regulated Industries 

Brattle Principals Bente Villadsen, Michael Vilbert, and Dan Harris, and Principal Emeritus A. Lawrence Kolbe have authored a new book that examines the topic of cost of capital for regulated industries. 

Risk and Return for Regulated Industries, published by Elsevier, establishes the principles and procedures for determining the fair rate of return on capital investment. Drawing on lessons learned from North America, Europe, Australia, and New Zealand, the book reviews the fundamental issues regarding capital structure, rate base estimation, asymmetric risk, and risk sharing in the terms of utility cost recovery, and factors that impact the accuracy of cost of capital estimates. The book also features a foreword by Stewart C. Myers, a Brattle principal and professor of financial economics at the MIT Sloan School of Management. 

April 2017 

Brattle Listed as Leading International Arbitration Expert Witness Provider by Global Arbitration Review 

Global Arbitration Review (GAR), a leading resource on international arbitration news and intelligence, named The Brattle Group as one of the most active firms in expert witness services in the field of international arbitration. In this year's analysis, which evaluates a two-year period of work, The Brattle Group is also recognized as having the second-largest average value of claims in the field at $956 million.

The GAR analysis highlights several of Brattle's recent, notable engagements, including an ICC arbitration matter, which resulted in a €500 million award for the Brattle client. The publication also recognizes the work of Brattle Principal Carlos Lapuerta for his expert testimony on a breach of contract case on a natural gas supply in which the claimant was awarded $185 million plus interest. 

December 2016 

Brattle Helps US Airways Secure Antitrust Jury Trial Win

The Brattle Group assisted attorneys from O'Melveny & Myers to secure a favorable verdict on behalf of US Airways in US Airways Inc. v. Sabre Holdings Corp. et al.

In 2011, US Airways sued Sabre in the United States District Court for the Southern District of New York under the Sherman Antitrust Act regarding a contract between the two companies that included, among others, a "full content" provision. This provision required US Airways to give Sabre access to information on all of its flights and fares in order to reach the large network of travel agencies using Sabre's ticket distribution system. However, it also prohibited US Airways from offering lower fares for those same flights in other distribution channels, such as on the airline's own website. US Airways claimed that Sabre unreasonably restrained trade by imposing this and other provisions, which the airline alleged reinforced Sabre's market power, stifled competition, and harmed both the airline and consumers.

The Brattle team worked closely with expert witnesses including Nobel Laureate Joseph E. Stiglitz, Brattle principal and Nobel Laureate Daniel L. McFadden, and Jerold L. Zimmerman, who testified at trial on liability, damages, and profitability on behalf of US Airways. After nearly eight weeks of testimony and more than 20 hours of deliberation, the jury found that Sabre unfairly restrained trade by imposing unfavorable contract terms on the airline.

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The Brattle Group

1 Beacon Street
Suite 2600
Boston, MA 021\08
Phone: (617) 864-7900
Fax: (617) 864-1576


  • Employer Type: Private
  • President & CEO: M. Alexis Maniatis
  • 2017 Employees: 359

  • Major Departments & Practices
    Energy & Utilities
    Competition & Market Manipulation
    Electric Transmission
    Electricity Market Modeling & Resource Planning
    Energy Litigation
    Environmental Policy, Planning & Compliance
    Finance & Ratemaking
    Gas/Electric Coordination
    Market Design
    Renewable & Alternative Energy
    Analysis of Market Manipulation
    Bankruptcy & Restructuring
    Big Data & Document Analytics
    Commercial Damages
    Environmental Litigation & Regulation
    Intellectual Property
    International Arbitration
    International Trade
    Labor & Employment
    Mergers & Acquisitions Litigation
    Product Liability
    Securities & Finance
    Tax Controversy & Transfer Pricing
    White Collar Investigations & Litigation
    Electric Power
    Financial Institutions
    Natural Gas & Petroleum
    Pharmaceuticals & Medical Devices
    Telecommunications, Internet & Media

Major Office Locations

  • Boston, MA (HQ)
    New York
    San Francisco
    Washington, DC