2021 Vault Rankings
About NERA Economic Consulting Asia
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 statics, 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. 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.
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’s Energy, Environment, Communications & Infrastructure (EECI) Practice is on the cutting edge of the information technology age, responding to the marriage of energy and environmental issues with technological advancement in the telecom/internet arena and the infrastructure required to support it. Our forward-thinking group has identified specific market needs and has created an innovative offering of services. Each component of NERA’s EECI practice rests on four pillars of expertise: Litigation, Regulatory, Transactional, and Advisory. Our experts are uniquely situated to offer a cross-industry perspective to the wide range of challenges our clients encounter.
Publish and be … recognized
Not surprisingly, for a company boasting numerous academics, NERA's consultants are constantly publishing their findings in formats that range from journal and magazine articles to white papers and books. NERA consultants are often interviewed and their expertise sought by publications around the world. In addition, NERA experts are often requested to participate as speakers, panelists, and moderators in industry and topical conferences.
1166 Avenue of the Americas, 29th Floor
New York, NY 10036
Employer Type: Public
Stock Symbol: MMC
Stock Exchange: NYSE
President: Andrew S. Carron
2009 Employees (All Locations): 600