Precision Economics

What Precision Economics does

Precision Economics, LLC is a Washington, D.C.-based boutique economic consulting firm founded in 2001 that provides expert witness testimony and quantitative economic analysis for high-stakes legal disputes. The firm serves a client base consisting of leading international and domestic law firms (Skadden Arps, Kirkland & Ellis, Gibson Dunn, Cravath), federal and state government agencies (U.S. Department of Justice, IRS, Australian Taxation Office, multiple state Attorneys General), and Fortune 500 corporations (GlaxoSmithKline, Coca-Cola, Pfizer, Chevron, Microsoft, Apple, ExxonMobil). Engagements span transfer pricing disputes, class action damages calculations, commercial damages quantification, intellectual property royalty assessments, ERISA litigation, and international trade matters across venues in North and South America, Australia, Europe, Africa, and Asia.

The firm's service delivery is built around a small team of credentialed economists — President Brian C. Becker, Ph.D. (25+ years of expert testimony), and consultants Mark J. Glueck, Andrew C. Parsons (former IRS APMA Team Leader), and Jeffrey D. West — supported by two research analysts. Core practice areas include transfer pricing analysis grounded in arm's length principles, class action damages quantification (fund investments, retirement accounts, securities), royalty damages assessment for IP and biopharmaceutical disputes, and expert testimony in international arbitration proceedings (ICC, UNCITRAL, ICDR). The firm has been engaged on landmark matters including the largest transfer pricing dispute in IRS history (GSK, $3.4 billion settlement) and Coca-Cola's $3.4 billion IRS tax bill case.

Revenue is generated exclusively through professional services fees for expert reports, depositions, and trial/arbitration testimony, with pricing negotiated on a per-engagement basis. The firm operates a sales-led, referral-driven go-to-market motion anchored in the principals' academic credentials, courtroom track record, and institutional relationships with AmLaw firms and government agencies. No external funding, parent company, or institutional investors are disclosed; the firm is independently owned as a District of Columbia LLC and distributes services directly without intermediaries.

Name

Precision Economics

Legal name

Precision Economics, LLC

Website

https://precisionecon.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Precision Economics is a Washington, D.C.-based boutique economic consulting firm founded in 2001 that provides expert witness testimony and quantitative economic analysis for high-stakes legal disputes involving transfer pricing, class actions, commercial damages, intellectual property, ERISA, and international trade matters for law firms, government agencies, and Fortune 500 corporations.

Ownership category

akta.pro rank

Product category

Economic Expert Witness Services

NAICS

Legal Services (5411), Other Legal Services (54119)

SIC

Services-Legal Services (8111)

akta.pro industry

PRIMARYBPAHANAG

Litigation Support & Expert Witness (Valuation-Related)

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Valuation, Appraisal & Forensic Services

SECONDARYBPAHANAI

Economic Damages & Lost Profits Analysis

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Valuation, Appraisal & Forensic Services

SECONDARYBPAHANAK

Transfer Pricing Valuation & Intercompany Pricing Support

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Valuation, Appraisal & Forensic Services

SECONDARYBPAHANAB

Intangible Asset Valuation (IP, Brand, Customer, Technology)

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Valuation, Appraisal & Forensic Services

SECONDARYBPAHABAK

Business Valuation & Litigation Support

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Accounting, Audit & Tax Services

Keywords

• Economic expert witness services
• Transfer pricing consulting
• Commercial damages analysis
• Class action damages quantification
• Litigation economic consulting

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Expert Witness Services: The firm provides expert witness testimony and written reports for legal proceedings including trials, depositions, arbitrations, and court hearings. Revenue is generated on a case-by-case basis depending on the complexity and duration of each engagement.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Precision Economics provides economic expert witness reports and testimony for complex legal disputes involving quantitative valuations. The firm handles transfer pricing controversies, class action damages, commercial damages, intellectual property royalty disputes, ERISA litigation, and international trade matters across North and South America, Australia, Europe, Africa, and Asia. Engagements are delivered as written expert reports, deposition testimony, arbitration hearings, and trial appearances for law firms, Fortune 500 corporations, and government agencies.

Product overview

Precision Economics is a single-service economic expert witness firm offering quantitative valuation and consulting services. The company provides expert witness testimony and reports for legal disputes, specializing in transfer pricing, class action damages, commercial damages, intellectual property valuation, ERISA matters, and international trade cases. Founded over 25 years ago, the firm serves law firms, governments, corporations, and organizations globally.

Differentiator

Problem solved

Functional benefit

Products and services

• Economic Expert Witness Services Precision Economics provides economic expert witness reports and testimony for quantitative valuations, handling disputes involving transfer pricing, class actions, commercial damages, intellectual property, ERISA, international trade, and other quantitative matters across North and South America, Australia, Europe, Africa, and Asia. Services are delivered as written expert reports, deposition testimony, arbitration hearings, and trial appearances for law firms, governments, corporations, and organizations.

Quantifiable outcome

• Provided expert testimony in the largest transfer pricing dispute in IRS history - GSK settlement of $3.4 billion
• +4 more outcomes

Named customers24 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Analysis Group: One of the largest private economic consulting firms, providing expert testimony, economic and financial analysis, and regulatory support. Directly comparable practice mix (transfer pricing, antitrust, securities, IP) with similar Ph.D.-heavy economist model.
• NERA Economic Consulting: A leading global economic consultancy (part of Marsh McLennan's Oliver Wyman) specializing in expert economic analysis and testimony for litigation, regulatory, and policy matters. Directly comparable in transfer pricing, antitrust, and damages practice areas.
• Cornerstone Research: Largest and most direct competitor — Cornerstone Research is an economic and financial consulting firm that provides expert testimony and litigation support across antitrust, securities, finance, and intellectual property disputes. Highly comparable in service mix, client base (Am Law firms, Fortune 500, government), and credentialed Ph.D. economist model.
• Charles River Associates: Publicly traded global consulting firm providing economic and financial analysis for litigation, regulatory, and business strategy. Comparable in transfer pricing, antitrust, and IP litigation expert witness services, though materially larger and broader.
• Compass Lexecon: Global economic consultancy (part of FTI Consulting) specializing in expert economic analysis for litigation, international arbitration, and regulatory matters. Highly comparable transfer pricing and international arbitration practice areas.
• Berkeley Research Group: Global consulting firm providing expert economic and financial analysis in complex litigation and disputes. Comparable in damages quantification, transfer pricing, class action, and ERISA litigation support.
• The Brattle Group: Consulting firm of economists, accountants, and finance experts providing testimony and analysis for litigation and regulatory matters. Comparable in expert witness work across IP, antitrust, transfer pricing, and energy disputes.
• Bates White Economic Consulting: Economic consulting firm specializing in expert testimony for antitrust, transfer pricing, energy, and healthcare litigation. Highly comparable in boutique economic expert witness model and academic-credentialed economists.
• Secretariat Advisors: Global advisory firm providing expert economic and financial consulting and expert testimony for litigation and disputes. Comparable in transfer pricing, international arbitration, and complex damages quantification.
• Economic Consulting Associates (ECA): Economic consultancy providing expert witness and advisory services in competition, regulation, and transfer pricing. Comparable in international arbitration and transfer pricing practice areas.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/precision-economics

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Precision Economics