For energy companies of all kinds – plus investors, regulators, and government agencies – our global team of economic experts provides advice and testimony on everything from energy prices to addressing climate change. Expert economists have decades of experience in the global energy and climate arena, working with leading gas and electric utilities, investors, large consumers, transmission and distribution system operators, infrastructure developers, retailers, and power exchanges, as well as governments and regulators. This industry knowledge is combined with advanced modeling capabilities, which leverage sophisticated energy sector models. Climate policy, market liberalization, technological innovations, and security of supply concerns are transforming the energy industry. As providers of cutting-edge yet solid analysis to address our clients' challenges, economic consultants are helping to shape a brighter – and greener – future.

The entertainment and media sector can be complicated, with some markets featuring multiple platforms that each contain multisided markets within. Economic experts are valued by clients for their ability to unravel this complexity and provide clear guidance and testimony. The practice has been engaged in a wide range of projects for clients in the entertainment and media industries, leveraging in-depth understanding of antitrust issues. Work spans broadcasters, streaming platforms, content producers, music rights holders, and media conglomerates. The practice has advised on landmark transactions including major studio mergers and has provided economic analysis in media regulation proceedings before authorities in the US, Europe, and beyond.

Economic consultancy and testimony that financial institutions need to navigate changing regulatory requirements, evolving complex financial instruments, and uncertain market conditions. Expert economists work with financial clients on a wide range of matters relating to securities class actions, ERISA and class certification issues, valuation and risk of financial products, derivatives and structured financial instruments, mergers & acquisitions, financial product design, cashflow waterfall modeling, bankruptcy and financial distress, market manipulation claims, and internal investigations. Economists bring a wealth of experience gained at government departments, regulatory bodies, exchanges, and leading financial services firms. This experience equips the team to work with all types of financial institutions and to apply advanced analysis techniques to a full range of financial instruments. Industry knowledge and economic expertise is complemented by the ability to store and manage complex datasets securely. Financial services regulators and competition authorities often turn to Compass Lexecon for analysis and opinions.

Economists leverage industry expertise, extensive trial experience, and cutting-edge economic analyses to support clients across all segments of the healthcare and life sciences industry. These clients include healthcare providers, health insurers, pharmaceutical companies, and medical equipment and device companies. Healthcare expertise spans a broad set of services, with knowledge of industry datasets, empirical analysis, econometrics, and modeling. Economic consultants provide advice that clients trust, known for their ability not only to produce highly informed analysis but also to present it clearly and persuasively. The practice supports clients in litigation, merger reviews, regulatory proceedings, and policy matters across the full healthcare and life sciences spectrum.

Manufacturers across a variety of industries rely on a global team of economic consultants for analysis and potential expert testimony in litigation and regulatory matters. Economic consultants have substantial experience conducting analyses and providing expert testimony for manufacturing clients facing merger review, antitrust litigation, and intellectual property challenges. Experts conduct industry-specific economic analyses and apply deep expertise in industrial organization, finance, and econometrics to address the economic effects of alleged conduct. When required, economic experts present relevant analyses to courts and regulatory agencies including the U.S. Department of Justice, the Federal Trade Commission, the European Commission, and other competition authorities. The global footprint allows economic consultants to assist manufacturing clients around the world in navigating complex litigation and regulatory challenges, regardless of what they manufacture or where they are located.

Clients in real estate and construction regularly seek advice and testimony, knowing that expert economists combine deep experience in financial and antitrust economics with extensive knowledge of these industries. Economic consultants work across a wide range of focus areas, such as litigation, breach of contract cases, and insurance disputes. Specializations include valuation of businesses, properties, or portfolios, and a broad set of transactional and regulatory matters. The practice brings the analytical rigor of financial economics to bear on complex real estate and construction engagements, supporting clients through merger reviews, antitrust matters, valuation disputes, and commercial litigation across both the commercial and residential property sectors.

Economic consultants offer retail clients guidance and testimony based on direct industry experience with both brick-and-mortar and e-commerce businesses. Practical, data-backed insights support retailers across a broad range of issues, including testifying on their behalf in claims relating to alleged anti-competitive behavior, and regularly presenting competitive analyses before governmental bodies worldwide. Specialist areas for the retail team include mergers & acquisitions, antitrust (cooperation agreements, dominance), employment discrimination, credit card litigation, efficiency analysis, breach of contract, valuation and solvency analysis, and financial distress. Particularly relevant to retailers is the command of techniques such as geographic overlap analysis, price concentration analysis, and the design of optimal divestments.

In matters relating to sports, economists combine deep antitrust experience with extensive knowledge of labor economics. The team supports clients across the full range of sports-related areas, covering antitrust, competition, and valuation issues. Whether an issue relates to athletes, tournaments, team relocation, TV rights, sports memorabilia or collectibles, economic experts offer consulting, regulatory support, policy research, and expert testimony both in court and in arbitration. Clients know they can depend on the practice for comprehensive industry knowledge – as well as the expertise on economics, litigation, and regulatory matters – required to guide them to successful outcomes across professional leagues, governing bodies, media rights holders, and athletes.

From telecommunications operators to regulators and government commissions, industry stakeholders turn to Compass Lexecon when they need accurate, objective, and compellingly presented industry analysis and guidance. The practice performs a wide variety of economic analyses related to voice and data services, the Internet, fiber-optic networks, telecommunications equipment, patents and other areas. Work in these matters involves the evaluation of mergers and acquisitions, intellectual property analysis, the pricing of network interconnection and network elements, the evaluation of the impact of new products and services on consumer welfare, and the estimation of damages. In the rapidly changing communications environment, independent, reliable economic analysis is fundamental to address the complex business and regulatory matters involving the telecommunications and media industries.

With extensive experience analyzing complex transportation industry issues, economic experts provide advice and testimony to clients working across all subsectors including aviation, railroads, and shipping and ports. In addition to economic consulting work with transportation organizations worldwide, experts present their analyses to government departments, competition and regulatory agencies, and courts. Using complex data and analytics, including cutting-edge econometric techniques, the practice draws on its in-depth knowledge of each transportation subsector's structure and practices worldwide, along with complementary expertise across the wider FTI Group. This collaboration ensures support for clients from all subsectors.

Forensic accounting and financial economic analysis for high-profile litigation, SEC investigations, and internal inquiries, including damages estimation and GAAP compliance. The firm's experts examine financial accounting and public disclosures, including internal evidence and external audit documentation, to support litigation and regulatory matters. Capabilities include forensic analysis of financial accounting treatments, GAAP compliance review, financial statement analysis for litigation, damages estimation based on accounting issues, and expert testimony on accounting and disclosure matters in SEC investigations and civil litigation.

Independent economic analysis and expert testimony for mergers, anticompetitive conduct, and damages matters before courts, regulators, and arbitrators worldwide. The firm has advised leading companies including Codelco and SQM on merger reviews by competition authorities in Chile and China, provided testimony on behalf of Google in US antitrust litigation, and advised Corning in European Commission investigations. Ranked as an Elite Competition Economics Consultancy in the 2025 GCR 100 for 19 consecutive years, the firm combines rigorous economic methodology with deep regulatory expertise across multiple jurisdictions. Capabilities span merger control analysis, investigation of anticompetitive conduct, damages quantification, and expert testimony in high-stakes matters. Notable outcomes include advising eight California refiners to prevail in multibillion-dollar alleged collusion cases and Sutter Health in a $1.2 billion antitrust jury trial, demonstrating the firm's ability to defend clients through complex economic arguments and courtroom advocacy.

Auction-related consulting and advisory services leveraging game theory, specialised software, and industry expertise for bidders and public resource allocators. The firm applies economic principles and specialized tools to optimize auction design and bidding strategies across diverse contexts. Examples include advising Ritchie Bros. Auctioneers on the acquisition of IronPlanet Holdings and advising Wind Hellas on conditions for renewing GSM mobile phone licenses with the Greek telecom regulator EETT. The firm's expertise encompasses auction design, bidding strategy, valuation in auction contexts, and regulatory engagement related to competitive bidding processes, combining quantitative economic analysis with practical industry knowledge.

Economic analysis and expert testimony supporting clients through bankruptcy proceedings and financial distress litigation. The firm provides expert testimony and analysis across complex restructuring matters, with demonstrated experience in Chapter 11 proceedings of major carriers including United Air Lines, Delta Air Lines, Northwest Airlines, US Airways, Atlas, Comair, and Mesaba. Capabilities include financial analysis of distressed entities, valuation in insolvency contexts, quantification of restructuring impacts, and expert testimony on financial and operational issues arising in bankruptcy proceedings and related litigation.

Sophisticated economic advice and meticulous analyses to help clients navigate complex class action litigation. The firm's economists provide rigorous economic analysis, damages quantification, and settlement evaluation across diverse class action matters. Expertise spans economic modeling of class-wide impacts, individual damages calculations, statistical methodologies for large-group damage assessment, and support for defending against or evaluating class action exposure across industries and legal contexts.

Economic and financial opinions on corporate and board structures, fiduciary duties, and governance processes for litigation and advisory matters. The firm delivers analyses supporting governance disputes, fiduciary duty claims, and board-level decision-making challenges, with notable outcomes including the United States prevailing in a $1 billion Chrysler dealers takings litigation and a historic Delaware MAE (material adverse effect) trial victory. Capabilities include valuation and financial analysis of governance-related disputes, assessment of board decision-making processes, and economic analysis of fiduciary duty breaches and their financial consequences.

Independent, objective analyses to evaluate and quantify damages and proposed settlements across a broad range of matters and industries. The firm brings unparalleled experience estimating damages from alleged or proven antitrust infringements, securities violations, contractual breaches, and other harm across multiple legal contexts. Capabilities span antitrust damages estimation, valuation-based damages calculations, settlement analysis, and expert testimony on quantum across complex commercial and regulatory disputes, with landmark outcomes including MAPS achieving total victory in a $5.8 billion acquisition dispute.

Modern machine learning and advanced data analysis techniques used to provide streamlined and robust economic analysis for complex matters. The firm applies data science methodologies and machine learning to enhance economic analysis, damages quantification, and litigation support across diverse matters. Capabilities include statistical analysis of large datasets, machine learning applications to economic problems, pattern recognition and anomaly detection for fraud and misconduct investigations, and data-driven support for complex litigation and regulatory matters.

Specialised economic knowledge and advisory for complex matters involving derivatives and structured financial instruments. The firm applies advanced financial economics and quantitative analysis to derivatives-related disputes, valuation disagreements, and litigation involving complex financial instruments. Expertise encompasses valuation of derivatives and structured products, financial modeling of complex instruments, damages estimation in derivatives disputes, and expert testimony on technical financial matters.

Comprehensive economic expertise assisting clients with all phases of ERISA (Employee Retirement Income Security Act) litigation. The firm provides specialized analysis for disputes arising under the Employee Retirement Income Security Act, covering plan valuations, breach of fiduciary duty in pension contexts, and damages quantification for retirement plan disputes. Capabilities include financial analysis of pension plans and retirement benefits, valuation of ERISA-related claims, and expert testimony on fiduciary issues and economic damages in ERISA litigation.

IP economic analyses founded on innovation economics, financial analysis, and empirical methods for patent, copyright, royalty, and licensing matters. The firm applies economics-based methodologies to complex IP disputes, technology licensing arrangements, and infringement cases, with demonstrated outcomes including Huawei prevailing on FRAND (fair, reasonable, and nondiscriminatory) rate issues in a Chinese court and the determination of market-based rates for digital performance royalties for record labels and distributors. Capabilities encompass patent damages and valuation, FRAND royalty rate determination, copyright economics, licensing arrangements analysis, and expert testimony on IP-related economic and financial issues.

Expert testimony and economic analysis across the full spectrum of international arbitration disputes, including treaty, commercial, and investment cases. The firm has provided expert testimony and economic analysis in numerous international arbitration proceedings under ICSID, UNCITRAL, ICC, LCIA, AAA, and SCC rules, with recognition as a top firm in arbitration at the 2024 Lexology North America Awards and 2024 WWL Arbitration Awards recognition as global elite thought leaders. Capabilities span damages quantification in investment and commercial arbitration, valuation of assets and businesses in dispute, financial analysis of treaty violations, expert testimony under various arbitration rules, and economic analysis of damages across treaty, commercial, and political risk contexts.

Expert testimony and advice to clients navigating international trade disputes before courts and regulatory bodies. The firm provides economic analysis and expert testimony in trade matters, supporting clients in trade litigation and regulatory proceedings. Capabilities include economic analysis of trade impacts, damages quantification in trade disputes, and expert testimony on trade-related economic issues before regulatory bodies and courts.

Pioneering application of modern finance theory to securities fraud, insider trading, market manipulation, and other securities litigation. The firm brings core expertise in securities-related economic analysis and damages quantification, applying advanced financial economics to complex securities disputes and regulatory proceedings. Capabilities encompass securities fraud damages estimation, market manipulation analysis, insider trading economic analysis, valuation of securities in dispute, event study analysis, and expert testimony in securities litigation and SEC investigations.

Deep knowledge of EU competition policy applied to advise clients on State Aid matters across European jurisdictions. The firm provides specialized advisory services on State Aid compliance and disputes under EU competition law, supporting clients navigating European regulatory and legal requirements. Capabilities include economic analysis of State Aid arrangements, compliance advisory for public subsidies and grants, defense in State Aid investigations, and expert testimony on State Aid-related economic issues before European authorities.

Valuation expertise applied across litigation, M&A, intellectual property, and financial disputes, from asset valuation to damage quantum. The firm delivers specialized valuation services in complex disputes, with notable outcomes including Verizon and Hewlett-Packard prevailing in the first two post-Dell Delaware appraisal decisions and valuation of assets in treaty, commercial, and political risk insurance disputes across Latin America. Capabilities span business and asset valuation, damages quantification based on valuation methodologies, M&A-related fair value opinions, IP valuation, and expert testimony on valuation issues across litigation and financial disputes.