2020 Vault Rankings
At a Glance
“Applying economics to the real world.”
“Freedom to work on academic papers.”
“NERA is simply the best economics consulting firm in the world.”
“As it is an economics specialist, there can be a lack of diverse views and opinions.”
“Sudden and very urgent work load.”
“Variable and unpredictable hours.”
“Strong economics brand.”
About NERA Economic Consulting Europe
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.
Among NERA's many service offerings, it is often called on for its antitrust and competition 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 handle 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.
When companies are facing securities litigation, commercial disputes, and class actions, or are on the receiving end of enforcement actions by the government regulatory agencies across the globe clients turn to NERA for advice and clarity. NERA is widely recognized as a leading firm in the economics of securities, finance, and commerce. Their consultants have provided expert testimony and consulted in the areas of 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. Also, NERA consultants regularly share their thoughts on prominent market topics and issues through their participation in public and private events around the world, including conferences, lectures, expert panels, and interactive discussion sessions.
1166 Avenue of the Americas
New York, NY 10036
Phone: 1 (212) 345 3000
Employer Type: Subsidiary
Stock Symbol: MMC
Stock Exchange: NYSE
President: Dr. Lawrence Wu
Chief Operating Officer: Sandra Ringelstetter
2017 Employees (All Locations): 500
New York, NY (HQ)
25+ offices in 14 countries
Antitrust and Competition
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
Financial Institutions and Banking
Financial Risk Management
Labor and Employment
Mass Torts and Product Liability
Risk Advisory Services
Securities and Finance
Statistical Sampling and Analysis
Survey Research, Design, and Analysis
White Collar, Investigations, and Enforcement