NERA Economic Consulting
It has been an active year for NERA Economic Consulting, which worked on many high-profile matters in several jurisdictions.
- Handled 72 merger investigations between July 2015 and July 2016, 21 of which received a second request or went into Phase II
- Also advised on 47 antitrust litigations across the globe
- Was involved in 18 government antitrust or competition law investigations
|Global heads||Lauren Stiroh|
|Total size of firm||500|
|% of firm specialised||20%|
|Who’s Who Legal: Competition nominees||15|
This past year, Lauren Stiroh was named chair of NERA’s global antitrust and competition practice. The consultancy maintains a busy docket, handling antitrust litigation cases across a number of different jurisdictions. In Europe, where Frank Maier-Rigaud is head of competition economics, it worked on nine damage quantification and five other litigation cases, as well two Phase II merger cases, four market investigations and two state aid cases.
NERA was also very active in the Asia-Pacific region. For example, it provided an expert report regarding the tie-up between Z Energy and Chevron New Zealand. New Zealand’s Commerce Commission cleared the deal in April 2016, requiring the companies to sell 19 service stations and one truck stop in locations where the authority had concerns that the merger would harm competition.
In the US, the firm is helping to defend the National Collegiate Athletic Association against allegations that it is reducing opportunities for student‐athletes by artificially decreasing the supply of scholarships. Stiroh, along with senior vice president Kent Van Liere, was retained by the NCAA to evaluate certain economic issues related to class certification. In March 2016, an Indiana federal judge denied the plaintiffs’ bid for class certification, citing results from both Van Liere’s research and Stiroh’s analysis.
Near the end of 2015, Mattress Firm retained NERA experts Timothy Watts and Ramsey Shehadeh to evaluate the likely competitive effects of its tie-up with rival mattress retailer Sleepy’s. NERA also assisted Mattress Firm’s counsel, Norton Rose Fulbright, with economic engagement with Federal Trade Commission staff during the competition authority’s investigation of the merger. NERA presented its research to the commission in December 2015, and the FTC closed its probe in early 2016 without placing conditions on the deal.