Fideres

What Fideres does

Fideres is a London-headquartered, litigation-only economic consulting firm founded in 2009 by Alberto Thomas (former Head of Structured Products at RBS, ABN AMRO, and UBS) and Steffen Hennig, both fixed-income veterans who built the practice in the wake of the financial crisis. The firm provides economic expert analysis and testimony exclusively for plaintiffs and litigation funders across the full lifecycle of a case — early case evaluation, novel theories of harm, damages modeling, class certification, expert testimony, and settlement. Its structural differentiator is conflict freedom: Fideres does no merger advisory and operates without walled-off teams, so it is fully available for plaintiff-side engagements in matters where conflicted consultancies cannot act.

The service portfolio spans six practice areas — antitrust, securities, financial, consumer protection, discrimination, and environmental litigation — delivered through proprietary damages modeling methodologies, quantitative market analyses, and a network of 30+ affiliated academic experts from institutions including MIT, Stanford, Oxford, and Cambridge. Fideres operates from five primary offices (New York, London, Frankfurt, Madrid, Rome) plus Johannesburg, serving law firms and litigation funds across more than 10 jurisdictions. Revenue is generated through professional services fees negotiated per engagement; pricing is not publicly disclosed. Track-record matters include a USD $2bn settlement in the Credit Default Swaps Antitrust Litigation (Quinn Emanuel), the first certified UK consumer class action against Amazon Buybox affecting 50+ million consumers (Hagens Berman), a €6.5bn Steinhoff accounting fraud recovery (Burford Capital), and a £1bn+ Microsoft Azure consumer class action (Scott+Scott). The firm is privately held as Fideres Partners LLP, with no external institutional investment evidenced.

Name

Fideres

Legal name

Fideres Partners LLP

Website

https://fideres.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Fideres is a London-headquartered, litigation-only economic consulting firm founded in 2009 that provides expert economic analysis and testimony exclusively for plaintiffs and litigation funders across antitrust, securities, financial, consumer protection, discrimination, and environmental matters in over 10 jurisdictions.

Ownership category

akta.pro rank

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Litigation Economic Consulting: Fideres provides expert economic analysis and testimony for plaintiffs and litigation funders throughout all phases of litigation, including case evaluation, damages modeling, class certification, and settlement. Revenue is generated through professional services fees for economic consulting and expert witness work.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Fideres is a litigation-only economic consulting firm that provides expert economic analysis and testimony exclusively for plaintiffs and litigation funders across the full lifecycle of a case — from early case evaluation and novel theories of harm, through damages modeling, class certification, expert testimony, and settlement. Its work spans six practice areas: antitrust, securities, financial, consumer protection, discrimination, and environmental litigation, delivered through five offices in the US, UK, and Europe.

Product overview

Fideres is a litigation-only economic consulting firm that operates exclusively for plaintiffs and litigation funders. The company offers a unified suite of consulting services rather than a modular software product, providing economic analysis across six core service areas: Antitrust Litigation, Securities Litigation, Financial Litigation, Consumer Protection Litigation, Discrimination Litigation, and Environmental Litigation. These services span the full litigation lifecycle from early case evaluation and damages modeling through class certification support and expert testimony. Fideres's approach combines proprietary quantitative methodologies with a network of affiliated academic experts to deliver conflict-free economic analysis for global litigation.

Differentiator

Problem solved

Functional benefit

Products and services

• Litigation Economic Consulting Comprehensive economic consulting exclusively for plaintiffs and litigation funders across the full litigation lifecycle: from early case evaluation and novel theories of harm, through damages modeling, class certification, expert testimony, and settlement.
• Antitrust Litigation Support Specialized economic analysis and expert witness services for antitrust litigation and market abuse cases, providing evidence, analysis, and strategic advantage for law firms, with access to a panel of affiliated testifying experts.
• Securities Litigation Support Economic expert support during all phases of securities litigation from book-building to settlement, including damages estimation, market efficiency reports, and damages reports across more than ten jurisdictions in the US and Europe.
• Financial Litigation Support Economics and industry testimony for complex disputes in financial markets, including consulting and expert witness services for market abuse, market manipulation, and fraud cases.
• Consumer Protection Litigation Support Economic analysis and expert testimony for consumer protection class action cases, supporting plaintiffs seeking redress for anticompetitive conduct and consumer harm.
• Discrimination Litigation Support Economic expert analysis for discrimination litigation cases, identifying discriminatory conduct patterns and quantifying damages.
• Environmental Litigation Support Economic analysis for environmental litigation, including damages quantification and market behavior analysis related to environmental harm.
• Expert Testimony Services Insightful and clear expert economic analysis delivered through expert reports, supported by a network of affiliated academic experts including leading academics and industry leaders.
• Research and Market Analysis Original research identifying market anomalies, illicit behaviors, and discriminatory conduct through quantitative analysis of financial and market data, including published empirical studies such as the analysis of Goldman decisions in securities class actions.

Quantifiable outcome

• Achieved USD $2bn settlement in Credit Default Swaps Antitrust Litigation
• +3 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered minor and core.

• ISS SCAS (Institutional Shareholder Services)minorStrategic or Co-development Partner · 1 September 2025Fideres contributed to the September 2025 ISS SCAS publication 'Securities Litigation in EMEA Comes of Age', providing analysis of reliance requirements for investor plaintiffs in non-prospectus securities fraud litigation across European jurisdictions.
• ALI (Antitrust Litigation Investment)coreStrategic or Co-development Partner · 1 May 2025Fideres provides economic expertise for ALI's landmark Spanish legal action against Italian corrugated cardboard cartel. Fideres's Madrid office prepared an independent economic report quantifying damages caused by anticompetitive conduct.
• Studio Legale Scoccini & AssociaticoreImplementation/ SI/ Consulting Partner · 1 May 2025Italian law firm partnered with Fideres for the first Italian cartel compensation case filed in Spain. Fideres provided the economic foundation for compensation claims alongside this legal partner.
• CCS AbogadoscoreImplementation/ SI/ Consulting Partner · 1 May 2025Spanish law firm partnered with Fideres for cardboard cartel damages litigation, providing legal representation while Fideres provided economic analysis.
• DG COMP (European Commission)coreStrategic or Co-development Partner · 1 June 2023Fideres was appointed by DG COMP alongside Lear, Be Smart, DIW Berlin, and University of East Anglia to carry out collection of key information on European Commission merger decisions.
• LearminorStrategic or Co-development Partner · 1 June 2023Competition consultancy partnered with Fideres and other institutions for DG COMP merger decisions research project.
• Be SmartminorStrategic or Co-development Partner · 1 June 2023Consultancy partnered with Fideres for DG COMP research on European Commission merger decisions.
• DIW BerlinminorStrategic or Co-development Partner · 1 June 2023German economic institute partnered with Fideres for European Commission merger decisions research project.
• University of East AngliaminorStrategic or Co-development Partner · 1 June 2023Academic institution partnered with Fideres for DG COMP merger decisions research project.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• NERA Economic Consulting: A global economic consultancy providing expert analysis and testimony in antitrust, securities, finance, and regulatory matters — directly overlapping Fideres's core service lines.
• Compass Lexecon: A leading global provider of economic and financial consulting in litigation and regulatory proceedings; comparable to Fideres in its focus on expert economic testimony, damages modeling, and cross-border antitrust and finance work.
• Cornerstone Research: One of the closest comparables to Fideres: a specialized economic and financial consulting firm focused on litigation economics and expert testimony, with strong academic affiliations and a global footprint across securities, antitrust, and complex commercial matters.
• Econ One Research: An economic consulting firm providing expert testimony and economic analysis in litigation matters, including antitrust, securities, and financial services cases — a comparable boutique-style peer.
• RBB Economics: A specialist competition economics consultancy with strong plaintiff-side capabilities in antitrust damages actions across Europe — closely comparable to Fideres's antitrust litigation practice.
• Brattle Group: An economic consulting firm specializing in litigation support, regulatory economics, and expert testimony across finance, energy, and antitrust — directly comparable to Fideres in its expert-witness-driven model.

Broad incumbents

• Analysis Group: A large economic, financial, and strategy consulting firm with deep expertise in litigation economics, providing expert testimony across antitrust, securities, and financial services matters — a broader incumbent with significant overlap in Fideres's core practice areas.
• Berkeley Research Group: A multidisciplinary consulting firm with a substantial litigation economics practice offering expert analysis in securities, antitrust, and complex commercial disputes — comparable service offering to Fideres.
• Charles River Associates: A global consulting firm with a prominent economics practice providing expert testimony, damages quantification, and competition economics — overlapping with Fideres's antitrust, securities, and finance litigation work.
• AlixPartners: A global consulting firm with litigation, forensic, and economic expert services; overlaps with Fideres in providing expert economic analysis in complex disputes, though with a much broader consulting portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fideres-partners-llp
• Xx.com/Fideres

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fideres