| Type | Subsidiary of Marsh & McLennan Companies (MMC) |
|---|---|
| Industry | Economic consulting |
| Founded | 1961 |
| Founder(s) | Irwin Stelzer |
| Headquarters | White Plains, New York 25 offices in 14 countries |
| Key people | Dr. Andrew Carron, President |
| Products | Expert services |
| Website | http://www.nera.com |
NERA Economic Consulting is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. For half a century, NERA's economists have been creating strategies, studies, reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations. NERA brings academic rigor, objectivity, and real world industry experience to bear on issues arising from competition, regulation, public policy, strategy, finance, and litigation.
NERA is part of the Oliver Wyman Group, a $1.5 billion business unit of Marsh & McLennan Companies that also includes Lippincott (brand, image, and identity consulting) and Oliver Wyman (management consulting). NERA has been ranked the No. 1 firm for economic consulting on the Vault.com 2012, 2011, 2010, and 2009 lists of top consulting firms, ahead of competitors such as McKinsey & Company, Charles River Associates, Analysis Group, Cornerstone Research, LECG, and The Brattle Group.[1]
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NERA was founded as National Economic Research Associates on 10 April 1961 by noted economists Dr. Jules Joskow and Dr. Irwin Stelzer. The two were advised by Dr. Alfred E. Kahn (1917-2010), one of the country's foremost economists and the future "father of airline deregulation." NERA was the first consulting firm dedicated to methodically applying rigorous microeconomic thought to litigation and regulatory matters.
Today NERA has evolved into a large, geographically diverse firm working with clients in 120 countries across dozens of industries. NERA is headquartered in New York City with over 20 offices across North America, Europe, and Asia Pacific. The firm employs more than 500 professionals, including over 400 in-house economists.
On 1 February 1983, NERA was acquired by Marsh & McLennan Companies, a global professional services firm providing advice and solutions in the areas of risk, strategy, and human capital.
NERA’s economists are experienced in a broad range of industries and specialize in practice areas including: Antitrust and Competition; Auctions; Bankruptcy; Class Actions and Class Certification; Commercial Litigation and Damages; Communications; Consumer Protection in Financial Services; Corporate Governance and Compliance; Employment and Labor; Energy; Environment and Climate Change; Financial Institutions and Banking; Financial Risk Management; International Arbitration; Health Care and Life Sciences; Insurance; Intellectual Property; Mass Torts and Product Liability; Postal Services; Regulatory Economics; Risk Advisory Services; Securities and Finance; Statistical Sampling and Analysis; Survey Research, Design, and Analysis; Transfer Pricing; Transport; Valuation; and Water.
NERA has 11 offices in North America: Austin, Boston, Chicago, Denver, Los Angeles, New York City, Philadelphia, San Francisco, Toronto, Washington DC, White Plains.
NERA has 7 offices in Europe: Brussels, Frankfurt, Geneva, London, Madrid, Paris, Rome.
NERA has 7 offices in the Asia-Pacific region: Auckland, Beijing, Melbourne, Shanghai, Sydney, Tokyo, Wellington[2]