Monday, March 21, 2011
Posted by D. Daniel Sokol
Worth noting is a new antitrust consulting practice led by David Evans called Global Economics Group. The first thing that I notice is a deep strength on Chinese competition law and economics in addition to a very strong US team.
From the press release:
Three top economic experts today announced the formation of Global Economics Group, an economic consulting firm that will provide independent economic analysis in difficult legal, regulatory and policy matters globally. David S. Evans, one of the world’s leading antitrust economists; Roger Hickey, founder of Chicago Partners; and Chad Coffman, a noted securities expert, will serve as Chairman, CEO, and President, respectively. The firm’s partner roster includes economists Robert Litan, former U.S. Deputy Assistant Attorney General for Antitrust, and Richard Schmalensee, who served on the President’s Council of Economic Advisers from 1989-1991.
GlobalEcon’s practice groups will specialize in antitrust, financial regulation, securities and valuation, labor/employment discrimination, intellectual property, business damages, and tax and transfer pricing. “We’re building a firm squarely focused on helping clients navigate complex litigation and regulatory problems in a global economy,” said Evans. “The mix of experts we have assembled so far is truly world-class; they have demonstrable track records of bringing unique and relevant insights to help clients build compelling fact-based arguments in adversarial situations.” “We bring enormous experience to the table on day one of the firm,” said Hickey. “GlobalEcon’s partners have worked on some of the most complex legal matters of the past 20 years, including the Microsoft antitrust cases, Enron securities fraud, the YouTube copyright infringement case, and the Wal-Mart employment discrimination class action, among other high-profile legal issues.”
In the wake of the 2008 financial crisis, the firm’s experts have been deeply involved in financial regulatory reform, including derivatives regulation, the role of the financial exchanges, consumer financial protection and payments regulation. GlobalEcon’s partners also have been involved in some of the largest securities fraud cases evolving from the crisis. In addition to econometricians, statisticians and financial analysts, the firm includes a number of experts with deep experience in testifying before legal and regulatory bodies worldwide. GlobalEcon experts have worked on a number of multi-jurisdictional matters, including cases in the U.S., EU, Brazil, Mexico, China, Singapore, Korea, and Australia.
GlobalEcon’s team includes: • Richard Schmalensee, Dean Emeritus of the Sloan School at MIT, former member of the President’s Council of Economic Advisers, and currently Howard W. Johnson Professor of Economics and Management at MIT; • Robert Litan, former Deputy Assistant Attorney General for Antitrust, former Associate Director of the Office of Management and Budget, and currently Senior Fellow at Brookings Institution and vice president at the Kaufman Foundation; • Todd Zywicki, former Director of the Office of Policy and Planning at the Federal Trade Commission and currently George Mason University Foundation Professor of Law. • Craig Pirrong, a globally recognized expert on derivatives and exchanges who now leads the Global Energy Management Institute at the University of Houston where he is also a professor; • Robert Ian McEwin, former chief economist of the Competition Commission of Singapore and currently member of the Singapore Copyright Tribunal and Professor of Law and Singapore National University; • Xinzhu Zhang, Professor at the Chinese Academy of Social Sciences and advisor to the Chinese State Council, the Anti-Monopoly Bureau of Ministry of Commerce and the World Bank; and, • Abel Mateus, former chairman of the Portuguese Competition Authority and member of the Monetary Committee and Economic Policy Committee of the European Commission. Evans, GlobalEcon’s Chairman, was a top executive at NERA Economic Consulting before he was recruited by LECG in 2004 to lead its global competition policy practice, one of the world’s largest antitrust economics groups. He has led teams of experts and testified on some of the most prominent antitrust cases on record including U.S. v. AT&T, U.S. v. Microsoft, VisaCheck/MasterMoney Antitrust Litigation, and the European Commission v. Microsoft. Evans holds teaching positions at the University of Chicago and the University College London.
Hickey, GlobalEcon’s CEO,was the founder and CEO of Chicago Partners, a top U.S. economic consulting firm sold to Navigant in 2008. He has led large teams on valuation, securities and intellectual property matters. Coffman, GlobalEcon’s President, has a national securities and valuation practice and has served as an expert in some of the largest securities cases on record, including Tyco, Parmalat, Enron, and WorldCom, among others. He is frequently retained by mediators and arbitrators to serve as the neutral expert. Together with Hickey, he founded Winnemac Consulting, which will be absorbed into Global Economics Group, to be based in Chicago.