Firm / Organisation

Compass Lexecon

This content is provided by Compass Lexecon.

Chairman and President: Daniel R. Fischel Senior
Managing Directors: Jonathan Orszag, Mark A. Israel
Senior Managing Director and Head of Compass Lexecon EMEA: Jorge Padilla
Number of employees: 500+
Languages: Arabic, Chinese (Cantonese), Chinese (Mandarin), Danish, Dutch, Finnish, French, German, Hebrew, Hindi, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Swedish
Other language capabilities: Albanian, Bengali, Bosnian ,Bulgarian, Catalan, Croatian, Czech, Farsi (Persian), Filipino, Greek, Hungarian, Icelandic, Lithuanian, Macedonian, Malay, Nepali, Norwegian, Romanian, Serbian, Turkish

Overview & History:
Compass Lexecon is a world-leading economic consultancy advising law firms, government bodies, and corporations across all industries on complex economic and finance matters. The firm provides exceptional quality economic insight in legal and regulatory proceedings, strategic decisions and public policy debates. Established in 1977, Compass Lexecon has over 500 professional staff, including 175+ Ph.D. economists based in 21 offices globally.

Compass Lexecon’s practices are led by world-renowned economic thinkers. These include six former chief economists of the Department of Justice Antitrust Division and former chief economists at the European Commission, the Hong Kong Competition Commission, the UK Competition Commission (now CMA), the Federal Trade Commission, the Federal Communications Commission, and the Securities and Exchange Commission. The firm also maintains relationships with many high-profile academic affiliates, including Nobel Prize winners.

Compass Lexecon’s economists have advised clients in matters before regulatory agencies and courts in over 90 jurisdictions and worked for 49 of the current Fortune 50 companies over the last 10 years. For the last 5 years, Compass Lexecon has been named Competition Economics Firm of the Year by Who’s Who Legal and it has ranked as one of the world’s leading economic consultancies in the GCR 100 for the last 14 years. Compass Lexecon was also listed as the Top Expert Witness Firm for a second year by Global Arbitration Review in the GAR 100 Power Index.

Services:
• Accounting Litigation
• Antitrust & Competition: Conduct
• Antitrust & Competition: Damages
• Antitrust & Competition: Mergers
• Auctions
• Bankruptcy & Financial Distress Litigation
• Class Certification
• Corporate Governance
• Damages
• Derivatives & Structured Finance
• ERISA Litigation
• Intellectual Property
• International Arbitration
• International Trade
• Labor & Employment
• Mergers & Acquisition Litigation
• Policy & Regulation
• Securities & Financial Markets
• State aid
• Tax Services
• Valuation & Financial Analysis

Antitrust & Competition: Conduct
Compass Lexecon advises on the economics of anti-competitive agreements between competitors; anti-competitive agreements between suppliers and customers; exclusionary conduct such as through tying and bundling, predatory pricing, conditional rebates; and exploitative conduct, excessive pricing, and unfair trading.
o Landmark Payment Card Interchange Fee Judgment
o Automotive and Industrial Bearing Price Fixing Litigation

Antitrust & Competition: Damages
Compass Lexecon economists estimate potential damages from alleged or proven antitrust infringements, for both defendants and claimants. An integral part of their role involves constructing the counterfactual scenario to understand the impact of the conduct on prices, output, and profits of market participants.
o Pan-European Trucks Cartel Claims (Advised 3 out of 6 Defendants)

Antitrust & Competition: Mergers
Compass Lexecon reviews horizontal and vertical mergers and acquisitions across virtually every industry, with analyses tailored to the relevant jurisdiction(s) and regulatory regime(s). The firm advises on the competition aspects of transactions from conception to completion.
o AT&T/Time Warner Merger
o IBM’s $34 Billion Acquisition of Red Hat

Bankruptcy & Financial Distress Litigation:
Combining broad academic expertise in related areas, including credit and lending, valuation, accounting, finance, deal structure, economics, and industrial organization, with an amalgam of industry and marketplace familiarity, Compass Lexecon economists and consultants help senior creditors, Boards of Directors, and management teams successfully navigate litigation within the distressed landscape.
o Lehman Brothers Holdings Multibillion Dollar Claims Estimation Proceeding
o $1 Billion Chrysler Dealers Takings Litigation

Derivatives & Structured Finance:
Compass Lexecon advises in cases regarding the operation and structure of markets, valuation of financial instruments, disputes over the rights of different classes of securities holders and derivatives counterparties, disputes concerning credit assessments, cash flow waterfall modeling, and analysing complex structured financial instruments.
o Deutsche Bank National Trust Company Prevails as Court Approves RMBS Settlement
o The Bank of New York Mellon in Trustee Litigation Trial

Intellectual Property:
Building on principles of economics and finance, Compass Lexecon professionals have deep experience valuing intellectual property, estimating damages resulting from infringement of intellectual property, and determining reasonable royalty rates for patents, trademarks, copyrights, and trade secrets.
o Huawei Prevails on FRAND Issues in Chinese Court
o Complaint against Qualcomm licensing and chipset supply practices

International Arbitration:
Compass Lexecon provides authoritative analysis in complex arbitration cases involving multinational parties. Economists and financial experts deliver independent economic analysis, valuation opinions, damages assessments, regulatory opinions, expert reports, and arbitration testimony.
o NextEra Awarded €292 Million in Investment Arbitration Dispute
o ConocoPhillips Awarded $8.7 Billion in Damages by ICSID

Securities & Financial Markets
Compass Lexecon pioneered the application of modern finance theory to securities fraud, insider trading, market manipulation, and other forms of securities litigation. It is a leader in the use of statistical methods in securities litigation and the study of financial markets.
o ExxonMobil Prevails in Landmark Climate Change Securities Fraud Trial
o Lehman Brothers Holdings Multibillion Dollar Claims Estimation Proceeding

Valuation & Financial Analysis
Compass Lexecon economists are proficient in the full spectrum of standard valuation methods, including discounted cash flow analysis models and comparable company/comparable transaction methodologies. With expertise in using market evidence, they can provide insight in cases where standard valuation methods may be less appropriate.
o Channel Medsystems Prevails Against MAE Claim
o Verizon and Hewlett-Packard Prevail in the First Two Post-Dell Delaware Appraisal Decisions

Leadership and Executive Vice Presidents by Office
Daniel R. Fischel, Chairman and President
Jonathan Orszag, Senior Managing Director
Mark A. Israel, Senior Managing Director
Jorge Padilla, Senior Managing Director and Head of Compass Lexecon EMEA

Boston
Joseph Kalt, Senior Managing Director
Eric Henson, Executive Vice President
Steven Peterson, Executive Vice President
David Reishus, Executive Vice President
Xiao-Ru Wang, Executive Vice President
Mary Coleman, Executive Vice President
Darin Lee, Executive Vice President

Brussels
Enrique Andreu, Executive Vice President
Miguel de la Mano, Executive Vice President
Damien Neven, Executive Vice President

Buenos Aires
Sebastian Zuccon, Executive Vice President
Marcelo Schoeters, Executive Vice President

Chicago
Allan Shampine, Executive Vice President
Ian MacSwain, Executive Vice President
Colleen Loughlin, Executive Vice President
Thomas Stemwedel, Executive Vice President
Fredrick Flyer, Executive Vice President
David Gross, Executive Vice President
Jessica Mandel, Executive Vice President
Rajiv Gokhale, Executive Vice President
Michael Keable, Executive Vice President
Harry Lenhoff, Executive Vice President
Gustavo Bamberger, Executive Vice President
Charles Cox, As Needed Executive VP
Elisabeth Landes, As Needed Executive VP
Bradley Reiff, Executive Vice President
David Ross, Executive Vice President
Hal Sider, Executive Vice President
Rahul Sekhar, Executive Vice President
Peter Clayburgh, Executive Vice President
Kevin Dages, Executive Vice President
Jennifer Milliron, Executive Vice President
Erica Benton, Executive Vice President
Gerald Lumer, Executive Vice President
Todd Kendall, Executive Vice President
Andria van der Merwe, Executive Vice President
Yoad Shefi, Executive Vice President
Marthinus Marais, Executive Vice President

London
Justin Coombs, Executive Vice President
Lorenzo Coppi, Executive Vice President
Neil Dryden, Executive Vice President
Kirsten Edwards-Warren, Executive Vice President
Boaz Moselle, Executive Vice President
Thilo Klein, Executive Vice President

Los Angeles
David Fenichel, Executive Vice President
Andres Lerner, Executive Vice President
Michael Smith, Executive Vice President
Kevin Green, Executive Vice President

Madrid
Alejandro Requejo, Executive Vice President
Elena Zoido, Executive Vice President

New York
Lassaad Turki, Senior Managing Director
Jeffrey Tranen, Executive Vice President
Michael Kwak, Executive Vice President
John Bigelow, Executive Vice President
Shankar Iyer, Executive Vice President

Oakland
Jithendra Jayaratne, Executive Vice President
James Ratliff, Executive Vice President
Bret Dickey, Executive Vice President
Thomas Varner, Executive Vice President

Paris
David Sevy, Executive Vice President
Fabien Roques, Executive Vice President
John Davies, Executive Vice President

Pasadena
Duncan Cameron, Executive Vice President
Aren Megerdichian, Executive Vice President
Elisabeth Browne, Executive Vice President

Washington D.C.
Dennis Carlton, Senior Managing Director
Manuel Abdala, Senior Managing Director
John Poulsen, Executive Vice President
Bryan Keating, Executive Vice President
Theresa Sullivan, Executive Vice President
Jonathan Bowater, Executive Vice President
Guillermo Israilevich, Executive Vice President
David Weiskopf, Executive Vice President
Ralph Scholten, Executive Vice President
David Meyer, Executive Vice President