Legal Economics is a firm providing economic expert witnesses, consulting, and support staff that is based in Harvard Square, Cambridge, Massachusetts. Specializing in the analysis of particularly complex economic issues related to legal issues, its clients have included leading corporations and law firms such as Hoffman La-Roche, Intel, Qualcomm, Akin Gump, Berger & Montague, DLA Piper, Howrey, Hunton Williams, Kaye Scholer, the Lanier Law Firm, Orrick, Susman Godfrey, WilmerHale, and Wilson Sonsini.
Professor Einer Elhauge, President
Einer Elhauge is President of Legal Economics. He is the Petrie Professor of Law at Harvard Law School and the director of the Petrie-Flom Center. He is the author of Global Antitrust Law and Economics (Foundation Press 2007), Global Competition Law & Economics (Hart Press 2007), U.S. Antitrust Law & Economics (Foundation Press 2008), Volume X of the Areeda antitrust treatise on tying, Statutory Default Rules (Harvard University Press 2008), and numerous articles on antitrust economics, health care, and other subjects. He has provided expert economic testimony at trial and by deposition in many matters, including in private action lawsuits and in class action lawsuits. He has also consulted for or presented economic reports to several governmental bodies, including the U.S. Congress, the FTC, the Department of Justice, the FCC, the European Commission, and the Korean Fair Trade Commission. He holds a JD from Harvard Law School, where he was awarded the Fay Diploma for graduating first in his class. His particular areas of expertise are antitrust economics and health care economics. Curriculum vitae
Professor Nicholas Economides, Affiliate
Professor Nicholas Economides is an internationally recognized academic authority on network economics, electronic commerce, antitrust and public policy. His fields of specialization and research include the economics of networks, especially of telecommunications, computers and information, the economics of technical compatibility and standardization, industrial organization, the structure and organization of financial markets and payment systems, antitrust, application of public policy to network industries, strategic analysis of markets and law and economics.
He has extensive experience consulting and providing expert witness testimony in legal cases. He currently serves as Professor of Economics at New York University’s Stern School of Business and Executive Director of the Networks, Electronic Commerce and Telecommunications Institute. His website www.stern.nyu.edu/networks has been ranked as one of the top four economics websites by The Economist. Curriculum vitae
Professor Bruce Hay, Affiliate
Bruce Hay is Professor of Law at Harvard Law School. He teaches and writes in a variety of fields in the intersection of law and economics, including legal procedure, tort and contract law, agency and fiduciary law, legal ethics, corporations, environmental law, and evidence.
Before joining the Harvard faculty he practiced law in Washington, D.C. with Sidley & Austin, working in a number of regulatory fields including telecommunications, antitrust, and environmental law, and also in general appellate litigation. He was also a law clerk to Justice Antonin Scalia of the United States Supreme Court.
In addition to teaching and writing he consults on litigation and transactional matters, and does work as an expert witness and advocate before the state and federal courts. Curriculum vitae
Professor Joshua Lerner, Affiliate
Josh Lerner is the Jacob H. Schiff Professor of Investment Banking at Harvard Business School, with joint appointment in the Finance and Entrepreneurial Management Units. He is also a research associate at the National Bureau of Economic Research and founded its working groups on Entrepreneurship and Innovation Policy and the Economy.
His research focuses on venture capital and private equity, innovation, and intellectual property. He is the author of Innovation and Its Discontents (Princeton University Press 2004), The Money of Invention (Harvard Business School Press 2001), The Venture Capital Cycle (MIT Press 1999 and 2004), and Venture Capital and Private Equity: A Casebook (John Wily 2000, 2002, 2005, and 2008). He holds an economics PhD from Harvard. His particular areas of expertise are issues related to innovation, intellectual property, and private equity. Curriculum vitae
Professor Barak Richman, Affiliate
Barak Richman is the Edgar P. and Elizabeth C. Bartlett Professor of Law and Business Administration at Duke University. He has a J.D., magna cum laude, from Harvard Law School, and a PhD from the University of California, Berkeley, where he studied under Nobel Laureate in Economics Oliver Williamson. His interdisciplinary research focuses on antitrust law, health policy, and institutional economics, and his publications have appeared both in top law reviews as well as journals Law and Social Inquiry, the New England Journal of Medicine, the Journal of the American Medical Association, and Health Affairs. In 2006, he co-edited with Clark Havighurst a symposium volume of Law and Contemporary Problems entitled “Who Pays? Who Benefits? Distributional Issues in Health Care,” and his book Stateless Commerce is to be published by Harvard University Press in 2015.
Professor Richman’s primary appointment is at Duke Law School, where he won the Blueprint Award in 2005 and was named Teacher of the Year in 2010, and he also is on Fuqua’s Health Sector Management faculty and is a Senior Fellow at the Kenan Institute for Ethics. He represented the NFL Coaches Association in an amicus curiae brief in American Needle v. The Nat’l Football League, which was argued before the U.S. Supreme Court in January 2010 and again in Brady v. The Nat’l Football League in 2011. His recent work challenging illegal practices by Rabbinical Associations was featured in the New York Times. Curriculum vitae
Professor Steven Shavell, Affiliate
Steven Shavell is an economist whose major area of professional interest is in the application of economics to legal issues. He obtained a PhD in economics from M.I.T. in 1973, joined the Department of Economics at Harvard University in 1974, and became a member of the Harvard Law School faculty in 1980, where he is the Samuel R. Rosenthal Professor of Law and Economics and also director of Harvard University’s John M. Olin Center for Law, Economics, and Business. He is a Research Associate of the National Bureau of Economic Research and was the director of its Program of Law and Economics. He serves as co-editor of the American Law and Economics Review and co-editor of the Journal of Legal Analysis and is on the board of editors of a number of other journals.
Professor Shavell has been a Guggenheim Fellow, is an elected member of the Econometric Society and an elected member of the American Academy of Arts and Sciences, and was president of the American Law and Economics Association. He has published over a hundred articles, mainly in the application of economics to tort, contract, property, and criminal law, and also to the economics of litigation. He has published a number of books, including Economic Analysis of Accident Law (Harvard University Press, 1987), Foundations of Economic Analysis of Law (Harvard University Press, 2004); and he is co-editor of the landmark two volume reference Handbook of Law and Economics (Elsevier, 2007). Professor Shavell has extensive consulting experience in commercial and product liability, punitive damages, class actions, legal fees, intellectual property, and violations of public law. His work spans multiple industries, including pharmaceuticals, telecommunications, insurance, oil, automobiles, and computer hardware and software. Curriculum vitae
Professor Guhan Subramanian, Affiliate
Guhan Subramanian is the Joseph Flom Professor of Law and Business at the Harvard Law School and the H. Douglas Weaver Professor of Business Law at the Harvard Business School. He is the only person in the history of Harvard University to hold tenured appointments at both HLS and HBS. At HLS he teaches courses in negotiations and corporate law. At HBS he teaches in several executive education programs, such as Strategic Negotiations, Changing the Game, Managing Negotiators and the Deal Process, and Making Corporate Boards More Effective. He is the faculty chair for the JD/MBA program at Harvard University and the Vice Chair for Research at the Harvard Program on Negotiation. Prior to joining the Harvard faculty he spent three years at McKinsey & Company in their New York, Boston, and Washington, D.C. offices.
Professor Subramanian's research explores topics in corporate law, corporate governance, and deal process design. He has published articles in the Stanford Law Review, the Yale Law Journal, the Harvard Business Review, and the Harvard Law Review, among other places. His work has been featured in the Wall Street Journal's "Heard on the Street" column, the New York Times, the American Lawyer, The Deal, and Corporate Control Alert. Over the past eleven years he has published more "top ten" articles in corporate and securities law, as selected by academics in the field, than any other scholar in the country.
Professor Subramanian has been involved in major public-company deals such as Oracle's $10.3 billion hostile takeover bid for PeopleSoft, Cox Enterprises' $8.9 billion freeze-out of the minority shareholders in Cox Communications, the $6.6 billion leveraged buyout of Toys "R" Us, and Exelon's $8.0 billion hostile takeover bid for NRG. He also advises individuals, boards of directors, and management teams on issues of dealmaking and corporate governance.
Professor Subramanian holds degrees in Economics, Law, and Business, all from Harvard University. He lives in Newton, Massachusetts with his wife and two children.