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Home | Analysis and Features | Analysis


COMPETITION 2021 – ECONOMISTS - LEGAL MARKETPLACE ANALYSIS

23 Jul 2021by WWL Editorial

This year’s research identifies more than 400 first-rate competition economists
for their cutting-edge work. These individuals are renowned for their
world-leading expertise on matters ranging from merger analyses to damage
evaluations. 



The Global Elite Thought Leaders are those individuals who received the highest
number of nominations from peers, corporate counsel and other market sources
this year. Our research has identified them as truly outstanding practitioners
and the very best in their field.

Who’s Who Legal does not list firms, only individuals. The leading firms are
those in each region whose listed practitioners received the most total
nominations in our research.


EMEA

Global Elite Thought Leaders

 * Matthew Bennett – Charles River Associates, London
 * Simon Bishop – RBB Economics, Brussels
 * Cristina Caffarra – Charles River Associates, Brussels
 * Raphaël De Coninck – Charles River Associates, Brussels
 * Miguel de la Mano – Compass Lexecon, Brussels
 * Benoît Durand – RBB Economics, Brussels
 * Kirsten Edwards-Warren – Compass Lexecon, London
 * Hans W Friederiszick – E.CA Economics, Berlin
 * Helen Jenkins – Oxera Consulting LLP, London
 * Adrian Majumdar – RBB Economics, London
 * Rainer Nitsche – E.CA Economics, Berlin
 * Jorge Padilla – Compass Lexecon, Madrid
 * Francesco Rosati – RBB Economics, Brussels
 * Lars Wiethaus – Charles River Associates, Brussels

Leading Firms


COMPASS LEXECON

Miguel de la Mano is held in high esteem for his top-tier work on complex
horizontal and vertical agreements.
Jorge Padilla stands out as “an excellent practitioner” with vast experience in
European merger control and abuse of dominance cases.
Kirsten Edwards-Warren wins plaudits as a “user-friendly” economist who is “a
pleasure to work with”.
The “excellent” Elena Zoido possesses two decades of experience working on
economic analysis and damages claims.
Thilo Klein is renowned for his first-class work on complex competition cases
relating to cross-border mergers.
Lorenzo Coppi is “an excellent economist with enormous experience in European
Commission merger cases” and “an outstanding ability to explain complex issues
clearly”.
Neil Dryden enjoys a strong reputation for his exceptional work on damages
claims across a broad range of industries.
Nadine Watson earns plaudits as a go-to name for mergers, damages and
competition policy issues.
Peers cite David Sevy as an authority on competition policy and regulation
thanks to his decades of experience in the field.


RBB ECONOMICS

Adrian Majumdar is “a very smart economist who is able to explain difficult
concepts to clients in an understandable and relatable way”.
Benoît Durand is “an excellent and very knowledgeable economist” who “offers
easy-to-understand guidance to clients and leads them out of economic mazes”.
Francesco Rosati is highlighted for his “responsiveness, clarity, attention to
detail and pragmatic advice”. He is “very technically strong with a great grasp
of business issues”.
Simon Bishop is a seasoned economist with two decades of experience working on
mergers, vertical restraints and other complex competition matters.
Bojana Ignjatovic is renowned for her deep expertise in competition policy and
regulation.
Ethel Fonseca is “a bright star” and “go-to name for South American matters”.
Respondents consider her to be “one of the very best economists in practice”.
Daniel Gore is “a highly skilled economist” who is “well versed in handling
complex and intensive matters with precision”. He has “a keen strategic eye and
a great deal of collegiality”.
Stephen Lewis is highly esteemed for his first-class work on abuse of dominance
cases as well as horizontal and vertical mergers.
Mihael Raveggi comes “highly recommended as a fantastic and user-friendly
economist” with vast experience working on high-profile mergers.
Michael Dietrich is “a brilliant economist who offers clear and practical advice
to clients” in complex damages disputes and merger filings.


CHARLES RIVER ASSOCIATES

Cristina Caffarra is hailed “an extremely sharp economist” and “absolute top
name in the field” by impressed sources.
Raphaël De Coninck stands out as “a truly excellent economist” who is “at the
top of the game”.
Matthew Bennett is “a very strategic and technically strong economist” who
“provides superb analysis to support any case”.
Lars Wiethaus “provides clear analysis which reflects the latest developments”.
One respondent adds, “He is exactly what you want and need in an economist.”
The “brilliant” Simon Chisholm possesses “an impressive ability to get to grips
with the case quickly and make persuasive submissions”.
Diana Jackson is “a highly responsive and intelligent practitioner” who is “a
real pleasure to work with”.


OXERA CONSULTING

Helen Jenkins is highly sought after for her 25-plus years of experience working
on sophisticated competition disputes and investigations.
Gunnar Niels has amassed significant experience dealing with cross-border
mergers, abuse of dominance cases and damages claims.
Robin Noble is “an innovative economist” with “a very cool head on his
shoulders”, making him “a delight to work alongside”.
Avantika Chowdhury wins praise for her “strong analytical skills” and “detailed
knowledge of the pharma industry”. She is touted for her “insightful and clear
drafting” as well as her “ability to drill down complex information into key
points”.
Enno Eilts is lauded for his extensive experience working on complex abuse of
dominance and damages claims.


FRONTIER ECONOMICS

David Parker is heralded for his “clear explanations, responsive approach and
ability to focus on the key points unerringly”.
Zoltan Biro is “simply the best” according to impressed clients who recognise
him as a “first choice for any instruction” thanks to his three decades of
experience in the field.
Julia Dietrich is “a well-reputed and extremely responsive economist” who “finds
pragmatic and practical solutions for clients”.
David Foster is “always close to the detail while retaining sight of the big
picture” and “adept at handling large, complex matters”. He is “very measured in
front of the European Commission” and “clear in communicating his views”.
Mette Alfter is celebrated for her “nuanced and hands-on approach”. She is “one
of the sharpest antitrust economists in the field”, providing “business-friendly
and tailor-made solutions to the most complex of issues”.

 

Other Leading Individuals

Belgium

At E.CA Economics, Gregor Langus is a “smart, quick, innovative and
user-friendly” economist who “knows the workings of the European Commission and
has an excellent grasp of competition law issues”.

Kai-Uwe Kühn of The Brattle Group stands out as “a top player” who is
“absolutely fantastic” at advising clients on mergers and competition policy
issues.

The “extremely knowledgeable and reliable” Frank Verboven with the Catholic
University of Leuven is distinguished as “an eminent figure in merger simulation
and damage estimation”.

Aleksandra Boutin at Positive Competition is “a very knowledgeable and proactive
economist” who “always finds creative solutions to complex problems”.
Xavier Boutin is “a tremendously talented economist”, singled out among peers as
“very knowledgeable and business oriented”.

Denmark

From Copenhagen Business School, Thomas Rønde is celebrated as “a highly skilled
practitioner who is excellent at communicating complex economics to clients”.



England

Peter Davis from The Brattle Group is “a top-notch economist” who provides
“extremely high-quality advice” on damages claims, investigations and mergers.

At the University of East Anglia, Amelia Fletcher is revered for her profound
expertise in competition policy and high-profile mergers.

At the University of Oxford, John Vickers is distinguished by his wealth of
experience working on competition policy, price regulation and abuse of
dominance claims.

Mat Hughes of AlixPartners stands out as “a first-rate economist” who is
“excellent at communicating risk-based advice to clients” and “knows what really
matters when presenting a case to a regulator”.
The “extremely bright” Liam Colley is “a very good strategist” who “ensures
strong presentation and good client-handling skills”.

John Fingleton with Fingleton Associates is well versed in navigating clients
through complex regulatory challenges in the competition space.

Nicola Mazzarotto at KPMG Economics enjoys a stellar reputation for his
extensive experience advising clients on merger filings and regulatory matters.
Caitlin Wilkinson is highlighted for her “ability to turn a disconnected number
of observations and beliefs into a structured, compelling case for change”. She
“quickly engages with industry-specific issues” and “uses wider knowledge,
external examples and insights to strengthen the case being made”.

France

Jean Tirole at The Industrial Economics Institute enjoys a strong reputation as
an authority on market power cases and related regulation.
Patrick Rey is held in high esteem for his considerable experience advising on
competition policy and antitrust disputes.

Peers hail David Spector from KPMG Economics as “a highly intelligent economist
at the top of his game”. He regularly advises on state aid issues, abuse of
dominance cases and high-profile mergers.

Germany

At E.CA Economics, Rainer Nitsche is recognised for “his in-depth knowledge of
competition law from an economic point of view”. He is considered a “go-to for
Phase II proceedings”.
Hans Friederiszick is “an outstanding competition economist" according to
impressed sources who add that he is “a fantastic addition to any team".

Roman Inderst at Goethe University is “an exceptionally smart economist”,
revered for his first-rate work on mergers and competition policy issues.

Justus Haucap of DICE Consult is highlighted for his “responsiveness and sound
analysis” by impressed respondents.

Spain

Massimo Motta at Pompeu Fabra University and Barcelona Graduate School of
Economics is a go-to name for issues pertaining to market regulation and abuse
of dominance. One respondent adds, “You simply cannot go wrong with him.”

Natalia Fabra with University Carlos III of Madrid is recognised by peers and
clients for her “outstanding work in the energy markets”.

Switzerland

At Swiss Economics, Christian Jaag comes highly recommended by sources who note
he is “an extremely smart economist with the ability to explain economic issues
of competition law matters in a very easily understandable manner".

 

 


NORTH AMERICA

Global Elite Thought Leaders

 * Michelle M Burtis – Charles River Associates, Washington DC
 * Dennis W Carlton – Compass Lexecon, Chicago
 * Joseph Farrell – Bates White Economic Consulting, Washington DC
 * James Langenfeld – Ankura, Washington DC
 * Daniel Rubinfeld – Compass Lexecon, Oakland
 * Steven C Salop – Charles River Associates, Washington DC
 * Carl Shapiro – University of California, Berkeley
 * Michael Whinston – Bates White Economic Consulting, Washington DC

Leading Firms


COMPASS LEXECON

Daniel Rubinfeld is “an extremely bright and well-experienced economist” with a
deep understanding of antitrust policy and econometric models.
Dennis Carlton is “definitely among the very best competition experts in the
country” say sources, who note his exceptional work on damages claims and
antitrust policy.
Mark Israel is held in high esteem for his top-tier work on merger reviews,
damages claims and regulatory matters.
With three decades of experience to his name, Robert Willig stands out as an
authority on antitrust policy, pricing issues and regulatory proceedings.
Michael Katz enjoys a fine reputation for his deep expertise in merger analysis
and telecoms regulation.
Benjamin Klein is “a towering name in competition economics” according to
respondents who recognise his 25-plus years of experience in the field.
Richard Gilbert earns acclaim as “a fantastic and well-respected economist” with
specialist knowledge of competition policy and regulation.
Janusz Ordover is a seasoned economist with decades of experience advising on
antitrust enforcement, regulatory issues and competition policy.
Mary Coleman stands out as “an incredibly smart and diligent economist” with
broad expertise in antitrust analysis.
Theresa Sullivan is recognised for her extensive experience advising on complex
antitrust investigations and mergers across a variety of industries.


CHARLES RIVER ASSOCIATES

Steven Salop comes highly recommended for his wealth of experience advising on
pricing issues and vertical mergers.
Michelle Burtis is described as “a strong and experienced economist” by peers
who highlight her top-notch work on price-fixing matters and damages claims.
Andrew Dick enjoys a stellar reputation in the market for his leading work on
mergers and competition policy issues.
Michael Salinger is celebrated for his in-depth knowledge of merger analysis and
pricing issues.
Gregory Vistnes is “a well-experienced and very knowledgeable figure”, renowned
for his top-tier economic analysis and expert testimony in complex antitrust
disputes.
Margaret Sanderson is “certainly one of Canada’s top competition economists”
according to impressed peers who commend her expertise in merger analysis and
damages claims.


BATES WHITE ECONOMIC CONSULTING

The “brilliant” Joseph Farrell is a go-to for expert testimony and economic
analysis relating to high-profile mergers and antitrust investigations.
Peers highlight Michael Whinston as “a fine abstract theorist” who shines in
regulatory and price-fixing matters.
George Rozanski stands out as “an honest, smart and well-experienced
practitioner” with deep expertise in vertical mergers and price-fixing issues.
B Douglas Bernheim is “an incredibly intelligent and creative economist” with a
wealth of experience advising on damages claims across a wide range of
industries and sectors.
Nicholas Hill wins plaudits for his “deep knowledge of the economic tools and
methods used by antitrust enforcers to analyse mergers”. He is lauded as “an
excellent communicator who is respected by the agencies”.
Cory Capps is revered for his encyclopaedic understanding of competition issues
in the healthcare sector.


CORNERSTONE RESEARCH

Timothy Bresnahan stands out as a seasoned economist who excels in damages and
product liability claims.
Peter Reiss is singled out by sources who note he is well versed in advising on
pricing issues and damages disputes.
John Asker is revered for his leading expertise in cartel investigations,
vertical mergers and competition policy.
Ariel Pakes is highly sought after for his encyclopaedic knowledge of industrial
organisation and econometric modelling.
Vandy Howell is highlighted as “strong, experienced and smart” by peers who laud
her extensive experience consulting on high-profile antitrust disputes.


NERA ECONOMIC CONSULTING

Ramsey Shehadeh receives praise for his in-depth knowledge of market regulation
and the competitive effects of high-profile business mergers.
Lauren Stiroh is highlighted for her exemplary work on price-fixing issues,
abuse of dominance investigations and vertical restrictions.
Elizabeth Bailey is “an absolute go-to for retail mergers” thanks to her
“efficient econometric analysis and strong client-oriented approach”.
Lawrence Wu impresses market sources with his excellence in competition
regulation and related contentious proceedings.
Sumanth Addanki has amassed considerable experience advising on damages claims
and mergers across a broad range of industries.


BERKELEY RESEARCH GROUP

David Kaplan stands out as “a pioneer and innovator in the application of
economics to legal issues”.
David Scheffman possesses “deep experience in competition, both from a
regulatory and from a litigation perspective”.
David Teece is noted for his “deep expertise in competition economics”, with
impressed sources singling out his “clear vision and explanations”.



Other Leading Individuals

USA

At the University of California, Carl Shapiro is “a first-rate economist” with
profound expertise in competition policy and antitrust enforcement.

At MIT, Richard Schmalensee is distinguished by his decades of experience
working on the cutting edge of market regulation and antitrust policy.
The “excellent” Robert Pindyck is celebrated for his remarkable understanding of
commodity markets, microeconomics and industrial organisation.

R Glenn Hubbard from Columbia Business School is “a very persuasive economist”
who excels in competition and tax policy issues.

Jeffrey Leitzinger of Econ One Research is revered for his significant
experience advising on complex pricing issues and damages claims.

Preston McAfee with the California Institute of Technology is “a smart and
creative economist” with enviable expertise in price-fixing issues and
high-profile mergers.

 

 


LATIN AMERICA

Global Elite Thought Leaders

 * Juan-Pablo Montero - The Pontifical Catholic University of Chile, Santiago

Leading Individuals

Brazil

Paulo Furquim de Azevedo from Insper Institute and Global Economics Group earns
acclaim as “a great consultant with a strong academic background”. One peer
adds, “He is the person to go to for creative solutions to complex competition
issues.”

Juan Pérez Ferres at Ferres & Associados is widely commended for his “leading
expertise in the financial sector” and strong focus on pricing issues.

Fabiana Tito at Tendências Consultoria Integrada is a go-to name for complex
antitrust and regulatory investigations.

LCA Consultores is home to Sílvia Fagá de Almeida, who peers hail as “an
extremely hard-working practitioner with deep knowledge of competition
economics” and a “go-to for digital markets issues”.
Bernardo Gouthier Macedo is held in high esteem as “a remarkable negotiator” who
excels in sophisticated merger proceedings.

Marcos Lima from M&A Consultoria Econômica is renowned for his market-leading
work on damages claims, antitrust investigations and market regulation.

Chile

The “outstanding” Juan-Pablo Montero at the Pontifical Catholic University of
Chile earns acclaim from peers, who distinguish him as “the very best academic
competition economist in Chile”.

Rodrigo Harrison with the Adolfo Ibáñez University is a “vastly experienced”
economist with a detailed understanding of game theory and competition policy.
Claudio Agostini is a “well-known and experienced economist with special
expertise in taxation issues”.

 

 


ASIA-PACIFIC

Leading Individuals



Australia

Jennifer Fish from Charles River Associates is “one of the very best economists
working in Australia” according to impressed respondents who laud her expertise
in damages estimation and merger analysis.

Greg Houston at HoustonKemp Economists is “a strong and capable economist” who
excels in competition policy and regulatory matters.

Philip Williams with Frontier Economics is a seasoned economist, renowned for
his exceptional work on damages claims and antitrust disputes.

With more than 20 years of experience in the field, George Siolis of RBB
Economics stands out for his leading expertise in market regulation and
competition policy.

At CEG, Tom Hird is “among the smartest economists in practice”. He regularly
advises clients on horizontal and vertical mergers, abuse of dominance claims
and regulatory proceedings.

New Zealand

James Mellsop at NERA Economic Consulting is highly sought after for his
top-tier work on damages claims, mergers and market regulation.

Singapore

Elsa Chen of Allen & Gledhill is noted for her first-rate work on cross-border
mergers, cartel investigations and public policy matters.

2021AnalysisCompetitionCompetition Economists

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