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 Dr. Joskow staying on with the company under Marsh & McLennan’s direction and Dr. 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.

NERA Know-How

Among NERA’s many service offerings, it is often called on for its antitrust capabilities. Respected in the world of antitrust and competition authorities, clients depend on NERA for economic analysis and testimony on business issues related to mergers and acquisitions, antitrust litigation, and competition policy. Consultants look at economic matters arising in antitrust cases and help clients deal with issues such as market definition and power, market structure and entry conditions, pricing, profitability, and damages.

Across the globe, clients turn to NERA for advice and clarity when companies are facing securities litigation, commercial disputes, and class actions, or are on the receiving end of enforcement actions by government regulatory agencies. NERA is a leading firm in the economics of securities, finance, and commerce. Its consultants have provided expert testimony and consulted in the areas of 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, including 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 communications and internet arena and the infrastructure required to support it. NERA’s forward-thinking group has identified specific market needs and created an innovative offering of services. Each component of NERA’s EECI practice rests on four pillars of expertise: litigation, regulatory, transactional, and advisory.

Publish and Be Recognized

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 is sought by publications around the world. In addition, NERA experts are often requested to participate as speakers, panelists, and moderators in a broad range of conferences addressing industry trends, legal cases, and newsworthy and topical issues.