This past year was the best year in our history by a large margin. We continued to be hired in the highest percentage of the biggest, most complex cases and transactions around the globe ranging from the British Petroleum oil spill litigation to the proposed AT&T – T-Mobile merger (where Compass Lexecon experts were retained by both the Government and the private parties involved). Significantly, the most recent survey published by the Global Competition Review compared us to our competitors in the competition area and concluded that “Compass Lexecon continues to dwarf its rivals.” Also notable among the many victories our clients enjoyed in the past year, our President, Professor Daniel Fischel, testified successfully in four consecutive major trials/arbitrations.
We were also able to expand our pool of expert talent, as leading figures in economic consulting either joined us after government service or defected from other firms. Bradford Cornell, a professor at Cal Tech and an expert in valuation and financial markets (formerly with Charles River Associates), Jonathan Baker, a professor at American University and former Chief Economist at the FTC and FCC (affiliated with Charles River Associates before his government service), and Walter Torous, a professor at UCLA and an expert in mortgage-related securities and the Founding Director of the Ziman Center for Real Estate (formerly with Analysis Group), all joined us in the past year as did senior staff from Cornerstone Research and other firms.
We also expanded our geographic footprint when the leading European competition practice, led by Jorge Padilla, and the leading international arbitration group, led by Professor Pablo Spiller and Manuel Abdala elected to join us from LECG. We now have 14 offices in six countries and roughly 300 professional staff, including more than 120 PhD economists.
In 2011, we thus further strengthened our preeminent competition, finance, energy, intellectual property, international arbitration, and general litigation practices. We have developed cutting-edge expertise and experience in a range of areas, including credit markets, derivatives and credit default swaps, hedge funds, private equity, mortgage-backed securities, the use of innovative econometric techniques to analyze the competitive and synergistic effects of mergers, economic analysis of the requirements for class certification, sophisticated tests of the competitive effects and rationales of challenged business practices, and the determinants of energy prices.
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