Experts

Our accomplished team of economic experts has extensive experience consulting and communicating with the agencies on behalf of our clients.

Merger Review Capabilities

Our team has extensive experience with merger enforcement agencies in the United States, Europe, and other jurisdictions. Many of our merger review experts have served as agency economists, including at the Department of Justice (DOJ), the Federal Trade Commission (FTC), the Federal Communications Commission (FCC), and the European Commission (EC), among others. These experts, as well as others on our team, have substantial experience with both agency merger reviews and litigations. The agencies also frequently retain us to offer independent opinions about whether a merger raises antitrust concerns.

Our experience gives us insight into how enforcers think about economic issues in merger review and enables us to communicate credibly and effectively on behalf of merging parties. Working with our team gives our clients an advantage when planning and navigating merger review proceedings.

Before a deal comes before the agencies, we provide merging parties with assessments of antitrust risks and strategies to address potential agency concerns. Our team provides advice at the early stages of a merger, when the deal is still being structured, that can help parties avoid costly and disruptive reviews.

After a deal is announced, it is important to anticipate and understand the agency’s questions and potential concerns. Engaging with the agency on the facts and economics of how a specific industry or market operates is critical. We work with merging parties to provide relevant economic analyses and respond to agency requests, including providing analytical support for expert white papers or agency presentations and assisting with document and data production.

When the agency requires merging parties to produce data, including for compliance with a Second Request, our team supports our clients efficiently and effectively. We work with clients to generate and organize the relevant data, leveraging our experience to analyze the data while ensuring they are fully responsive to the agency’s request.

The expertise and technical capabilities of our Data Science Center allow us to quickly and effectively navigate situations with particularly large or complex data, to maximize the client’s responsiveness to the agency.

Our deep experience with mergers that proceed to litigation and, ultimately, to trial, offers our clients an advantage from the earliest stages of a transaction’s review. We leverage our expertise to help clients avoid or prepare for the possibility of litigation. When necessary, our teams are positioned to seamlessly transition to litigation.

With offices in the United States, London, and Brussels, our firm provides the expertise and capabilities to assist with multi-jurisdictional reviews. Our consulting and affiliated academic experts have advised parties in merger proceedings before enforcement bodies worldwide, including in Europe, Australia, Brazil, China, South Africa, Turkey, and other jurisdictions.

Our merger investigations team has consulted on merger reviews in a wide range of industries, including:

  • agriculture and food
  • chemicals
  • consumer goods and services
  • energy
  • financial services
  • healthcare
  • health insurance
  • manufacturing
  • media and entertainment
  • medical devices
  • pharmaceuticals
  • retail
  • technology
  • telecommunications
  • transportation (airlines, rail)

Featured Cases

Selected Professionals

Our staff consultants contribute expertise in economics, finance, accounting, and marketing, as well as business acumen, familiarity with the litigation process, and a commitment to provide outstanding support.

Featured Publications

20 December 2024

Expanding the Economic Analysis in Banking Merger Review

This article discusses potential lessons on the economic analysis of bank mergers from the economics literature and merger review in industries out...

20 December 2024

Quantifying Competitive Price Effects in Healthcare Provider Mergers

This article reviews the different ways in which economists approach using changes in bargaining leverage to predict the effect of a a healthcare p...

17 December 2024

Cornerstone Research Named Outstanding Global Economic Firm

Global Competition Review recognises Cornerstone Research in the 2025 edition of the GCR 100.

25 November 2024

Our Curious Amalgam: Are Airline Mergers Taking Off?

Gautam Gowrisankaran of Columbia University discussed economic analyses in specific airline transactions in this podcast hosted by the ABA.

1 November 2024

Trends in Merger Investigations and Enforcement at the U.S. Antitrust Agencies: FY 2005–FY 2023

In FY 2023, merger transactions, investigations, and second requests decreased sharply from the prior fiscal year.

17 October 2024

Trends in Merger Enforcement

This Cornerstone Research report provides analyses of merger enforcement activity by merger size, industry, and agency in the United States.

4 October 2024

Lexology Index: Competition Future Leaders—Economists 2024

Lexology Index, formerly Who’s Who Legal (WWL), recognized an affiliated expert and six Cornerstone Research consulting professionals as “pre-emine...

12 September 2024

Cornerstone Research Continues UK and EU Expansion with Key Competition Hire, Andrew Swan

Mr. Swan’s international competition policy experience brings additional depth to the firm’s growing competition and M&A team in Europe.

15 August 2024

Cornerstone Research Welcomes Experienced Consultants in Competition Policy, Antitrust and Merger Review to London Team

Elisa Mariscal and Tuba Toru Delibasi further expand the firm’s antitrust and competition capabilities in the UK and EU.

13 August 2024

WWL: Competition—Economists 2024

Who’s Who Legal (WWL) and Global Competition Review recognised Cornerstone Research academic experts and consulting professionals as global leaders...

How can we help you?

For more information or assistance with a specific matter, please contact us.