What NERA Economic Consulting does

NERA Economic Consulting, founded in 1961, is a global economic consulting firm headquartered in New York City (1166 Avenue of the Americas) with more than 500 professionals across 22 offices in 14 countries. The firm provides expert economic analysis, expert testimony, and data-driven policy advice to the world's leading law firms, Fortune 500 corporations, regulators, and governments. Its work spans antitrust and competition, transfer pricing, valuation, intellectual property, international arbitration, energy and utilities, healthcare, financial institutions, communications, product liability and mass torts, and consumer protection.

The firm's capability stack is built around econometrics, statistical analysis, big-data analytics, and recognized valuation methods, executed on a secure global technology network of dedicated high-capacity servers, redundant disaster-recovery data centers, multiple cloud providers, and GPU-based parallel processing. This infrastructure is backed by Marsh, a Fortune 250 parent (within Marsh McLennan), whose 8,000-person technology team enforces enterprise-grade security. NERA packages its expertise across 27 named service lines — 20 industry practices (e.g., Antitrust and Competition, Healthcare, Power/Utilities/Renewables, Life Sciences) and 7 cross-cutting technical capabilities (e.g., Econometrics, Big Data, Damages, Class Actions).

NERA makes money through project-scoped, quote-based professional services engagements initiated via expert-led outreach to enterprise clients. There is no self-serve or marketplace channel; pricing is engagement-by-engagement and not publicly disclosed. The go-to-market is sales-led and event-driven, with thought leadership (2,593 insights, 878 experience case studies) and direct expert relationships driving pipeline. Owned by Marsh within Marsh McLennan (NYSE: MMC), NERA operates with the agility of a private firm while benefiting from a multibillion-dollar parent's resources.

Name

NERA Economic Consulting

Legal name

National Economic Research Associates, Inc.

Website

https://nera.com

Company type

Private

Founded year

1961

Operating status

Operating

Short description

NERA Economic Consulting, founded in 1961, is a global economic consulting firm with 500+ professionals across 22 offices providing expert economic analysis, testimony, and policy advice to law firms, Fortune 500 corporations, regulators, and governments.

Ownership category

akta.pro rank

Product category

Economic Consulting Services

NAICS

Management Consulting Services (54161)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Innovation, Product & R&D Consulting (BPAHACAM)

akta.pro secondary industries

Data, Analytics & AI Consulting (BPAHAEAF), Strategic Partnerships, Alliances & JVs Advisory (BPAHADAI)

Keywords

• Economic consulting
• Expert testimony
• Antitrust economics
• Transfer pricing
• Regulatory economics

Headquarters

HQ city

New York City

HQ country

United States

HQ region

North America

Offices22 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Economic Consulting and Expert Testimony Engagements: Primary revenue stream generated from professional services engagements delivering economic analysis, expert testimony, and policy recommendations to law firms, corporations, regulators, and governments. Engagements are project-based, sourced through expert-led client relationships, and span litigation support, regulatory proceedings, antitrust, transfer pricing, valuation, and policy advisory work. As a subsidiary of Marsh (a Fortune 250 professional services firm), NERA operates with the agility of a privately held firm while benefiting from the resources of a multibillion-dollar network.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels9 records

Core offering

NERA Economic Consulting is a global economic consulting firm that provides rigorous economic analysis, expert testimony, and policy recommendations to leading law firms, Fortune 500 corporations, regulators, and governments. The firm delivers project-based engagements spanning litigation support, antitrust and competition, transfer pricing, valuation, regulatory economics, and energy market design, drawing on a global team of PhD-credentialed experts supported by secure big-data infrastructure.

Product overview

NERA Economic Consulting's offering is not a single software product or a platform-plus-modules architecture; it is a global economic-consulting practice organized as a portfolio of industry practice areas (e.g., Antitrust and Competition, Communications and Internet, Healthcare, Power, Utilities, and Renewables, Intellectual Property) supported by cross-cutting technical capabilities (Big Data, Econometrics, Statistical Analysis, Damages, Class Actions, Regulatory Economics, Valuation). The 27 named service lines captured in the products array are how NERA packages and delivers its expert economic analysis, testimony, and advisory work; clients typically engage one or more of these service lines together rather than licensing them as discrete products.

Differentiator

Problem solved

Functional benefit

Products and services

• Antitrust and Competition
• Transfer Pricing and Tax Economics
• Intellectual Property Economics Damages, valuation, and economic analyses for IP litigation including patent, copyright, trademark, and trade-secret disputes.
• International Arbitration
• Power, Utilities, and Renewables Economic analysis for electricity, gas-utility, and renewable-energy clients on regulation, market design, spectrum auctions, offshore wind tender design, and disputes.
• Healthcare Economic Consulting Economic analysis for healthcare payers, providers, and pharmaceutical clients, including reimbursement, fraud, antitrust, and access disputes.
• Class Actions and Mass Torts Economic support for class-action and mass-tort matters, including class certification, statistical sampling, and aggregate-damages modeling.
• Damages Quantification Quantification of economic damages across commercial, IP, antitrust, securities, and tort disputes.
• Regulatory Economics Economic analysis for regulatory proceedings, rate cases, and policy design across regulated industries including energy and telecommunications.
• Valuation Services Business, asset, and intangible-asset valuation services for litigation, tax, and transaction matters using recognized methods including book value, replacement value, liquidation value, and discounted cash flow.
• Auction Design and Implementation Economic advice on auction design, evaluation, and competitive bidding processes across spectrum and other regulated settings, including sealed-bid and descending clock auctions.
• Financial Institutions and Banking Consulting Economic and damages consulting for banks, insurers, and other financial institutions, including bankruptcy, securities fraud litigation, and financial regulation matters.

Quantifiable outcome

• Raised GAR 100 Expert Witness Power Index ranking by four places to 12th, with 2025 average claim value of US$1.1 billion
• +3 more outcomes

Named customers16 records

Segments7 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

Partnerships

Ten partnerships are on record, tiered flagship, core and minor.

• Marsh (parent company)flagshipStrategic or Co-development PartnerNERA operates as a subsidiary of Marsh, the world's leading professional services firm. While operating with the agility of a privately held firm, NERA is backed by the resources of Marsh's multibillion-dollar network. NERA's technology meets strict security standards and is supported by the 8,000-member technology team of its Fortune 250 parent.
• MercercoreStrategic or Co-development PartnerMercer is NERA's sister company within Marsh McLennan. A team from NERA and Mercer assisted a French entity in assessing the financial impact of implementing a new transfer pricing model on employees' profit incentives.
• Oliver WymancoreStrategic or Co-development PartnerOliver Wyman is part of the same Marsh McLennan group; in Switzerland, NERA operates as a division of Oliver Wyman AG. Oliver Wyman also collaborated with NERA on World Economic Forum analysis of geoeconomic fragmentation.
• Marsh McLennan CareerscoreGTM or Marketing PartnerJob applications for NERA are routed through the Marsh McLennan careers portal at careers.marshmclennan.com/global/en/nera-search as part of the integrated talent acquisition function of the parent group.
• Katten Muchin Rosenman LLPminorStrategic or Co-development PartnerCo-authors with NERA Senior Consultant Jianghao Liu on the article 'Trading on Tomorrow: The Economics and Rise of Prediction Markets Toward a New Asset Class,' published with Katten Partners Carl E. Kennedy and Daniel J. Davis and Associate Alexander C. Kim.
• World Economic ForumcoreStrategic or Co-development PartnerA NERA team contributed quantitative analysis to measure the potential macroeconomic impacts of increased geoeconomic fragmentation for the World Economic Forum report 'Deepening Divides: The Cost of a More Fragmented Financial System,' addressing the economic risks of rising geopolitical and financial segmentation.
• Aetha ConsultingminorImplementation/ SI/ Consulting PartnerNERA and Aetha Consulting jointly evaluated the Australian Communications and Media Authority's (ACMA) revised approach to benchmarking international spectrum prices on behalf of Telstra for the renewal of Expiring Spectrum Licences (ESLs) in Australia.
• WWF (World Wildlife Fund)minorStrategic or Co-development PartnerWWF commissioned NERA to examine the integration of non-price criteria in offshore wind tenders, focusing on climate and biodiversity protection, circularity, and supply-chain resilience.
• Energy Networks AssociationminorStrategic or Co-development PartnerA NERA study on the Value of Lost Load (VoLL) in Great Britain was published by the Energy Networks Association, informing electricity transmission and distribution companies, regulators, and policymakers on the consequences of interruptions to power supply.
• Oliver, Wyman Limited / Oliver, Wyman limitée (Canada)coreStrategic or Co-development PartnerListed as a NERA Economic Consulting entity in the Privacy Notice; NERA's Canadian operations are conducted through Oliver, Wyman Limited / Oliver, Wyman limitée.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• The Brattle Group: Brattle is a preeminent global economic consulting firm with strong overlap in energy, utility regulation, financial institutions, and antitrust, frequently competing with NERA on regulatory economics and expert testimony matters.
• Compass Lexecon: Compass Lexecon is a top-tier global economic consultancy specializing in antitrust, competition economics, and international arbitration, with deep overlap with NERA's Antitrust and Competition, International Arbitration, and Energy practices.
• Cornerstone Research: Cornerstone Research is a leading economic and financial consulting firm with a comparable expert-driven model serving law firms, corporations, and government agencies on antitrust, securities, finance, and intellectual property matters, competing head-to-head with NERA for expert testimony mandates.
• Bates White Economic Consulting: Bates White is a specialized economic consulting firm providing expert economic analysis in antitrust, healthcare, energy, and finance, with a comparable expert-led, testimony-focused delivery model.
• Analysis Group: Analysis Group is one of the largest private economic, financial, and strategy consulting firms, providing expert economic analysis, testimony, and data analytics for litigation, regulation, and business strategy — the closest direct peer to NERA across antitrust, healthcare, finance, and energy.
• Economic Consulting Associates (ECA): ECA is an economic consultancy with deep expertise in competition, regulation, and energy markets across Europe and emerging markets, competing with NERA's London and European offices on energy market design and competition investigations.
• Charles River Associates: CRA (NASDAQ: CRAI) is a publicly traded economic and management consulting firm offering expert testimony, regulatory economics, and strategy consulting, directly competing with NERA in litigation support, energy, and antitrust engagements.

Broad incumbents

• FTI Consulting: FTI Consulting is a publicly traded global business advisory firm with an Economic and Financial Consulting segment offering expert testimony and damages quantification that competes with NERA in securities litigation, antitrust, and bankruptcy matters.
• AlixPartners: AlixPartners is a global consulting firm with a disputes and economics practice providing expert economic and forensic accounting services in litigation and investigations, competing with NERA on financial-services and bankruptcy-related economic work.
• Berkeley Research Group (BRG): BRG is a broader management consulting firm with a significant Economics, Regulation, and Valuation practice providing expert economic testimony and damages analysis — overlapping NERA's expertise but operating as part of a much wider consulting portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nera-economic-consulting

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries14 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 NERA Economic Consulting