Economic Consulting

There are two approaches to economic consulting: theory – based analysis, and fact or empirical – based analysis. These are not mutually exclusive approaches, but firms and individual consultants tend to specialize in one or the other.

• We go to extraordinary lengths to mine data and other facts upon which our empirical analyses are based. Our experience suggests this approach is superior to theory-only-based analysis in most litigation-based settings.
• Theoretical analysis is most useful when the consultant or expert is well known in a specialized field bearing on the issue at hand, or when data and facts yield ambiguous results.

The client will meet with the firm and be introduced to the individuals with knowledge of the problem at hand. If the assignment is in an industry new to the firm, the firm will assign the client individuals who are highly experienced in the industry. The firm’s research will frequently require access to the client’s private files and also those of the opponents.

The firm has expertise and considerable experience in electronics, publishing, logistics in the processing, transportation and delivery of goods, old-line manufacturing industries, banking and finance, electric utilities, housing, postal affairs, newspapers and television. It has substantial experience representing private sector clients before federal regulatory agencies, and has been retained by a number of major law firms or worked with same on behalf of corporate clients.

Our costs are based on the regional market rates for three tiers of labor: consultant, senior economist and research assistant. Contracts may be fixed price or hourly rate based. Detailed invoices are sent to clients monthly, and payment is due within thirty days. All litigation-related work is strictly hourly rate based. Fixed price contracts are negotiable so long as the scope of the work is fully set forth including the timetable for completion. How do we keep costs low for our clients? When possible, we reserve the right to retain university-based experts and analysts because it does not require our paying benefits.