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department of choosing the expert

Don’t buy an army unless the case needs an army.

Some matters genuinely require institutional scale. Many do not. The firm selling you the team has an inherent conflict in telling you which is which.

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What is the economic harm?

Start a conversation with Cournot, the Institute’s damages concierge, already scoped to choosing the expert. Select a subject area to prompt it, or describe the dispute directly.

Cournotchoosing the expert · a diagnostic, not a damages opinion
Tell me about the matter — roughly the claim, the scale of the data, and the schedule. I'll help you separate which discipline you need from how much machinery the case justifies. Sometimes the answer is a large consultancy, and I'll say so.

There are two questions in expert selection and firms routinely collapse them into one. The first is intellectual: what discipline does this problem actually require — an industrial-organization economist, a labour economist, a finance academic, a forensic accountant, a valuation specialist, a statistician, or some combination? The second is structural: how much analytical and litigation-support machinery does the matter justify — one outstanding individual, an expert with an analyst, a boutique, or a full economic consultancy? Answering the first question well and the second by habit is how a thirty-million-dollar lost-profits case ends up staffed like an antitrust class action, and how a genuinely data-intensive matter ends up with a brilliant professor and one graduate student who cannot keep pace with discovery. Both errors are expensive. Only one of them is usually noticed.

specialization areas

Areas in this part of the practice.

The discipline, the delivery model, and what has and has not changed about the economics of staffing.

methodology

How this department investigates.

How the Institute approaches selection — firm-agnostic, and explicit about its own relationships.

Discipline diagnosisWhich field the problem sits in, which is frequently not the field the request names.
Resource requirementMethodological complexity, data intensity, trial-support load and timeline, assessed separately.
Delivery model fitIndependent, boutique, or institutional — matched to the matter, not to the last three matters.
Multidisciplinary teamsWhen one expert is not enough and what the combination should be.
Blank-sheet selectionWho would we choose starting from nothing, rather than who did we call last time.
Disclosed relationshipsThe Institute states its own affiliations plainly wherever a referral is offered.
common questions

Choosing the expert — the questions counsel ask.

When does a matter genuinely need a large consultancy?

When the binding constraint is throughput rather than thinking. Enormous datasets requiring real data engineering, multiple econometric workstreams running in parallel, compressed schedules, several reports and rebuttals, heavy deposition and trial support, and a trial team that will send sixty requests between Thursday afternoon and Monday morning — that is when institutional infrastructure earns its cost, and a professor with a graduate student will simply be overwhelmed no matter how good they are. A large antitrust or securities class action with hundreds of millions of observations is a clear case. The Institute will say so when that is the answer; a site that never reached that conclusion would not be worth consulting.

And when is an individual economist enough?

When the difficulty is conceptual and the data is manageable. A hard causation question, a novel market structure, a contested counterfactual — these are problems of economic judgement, and judgement is not improved by adding analysts. If the underlying dataset is something one capable quantitative associate can handle with modern tools, and the litigation-support demands are ordinary, then a distinguished academic with modest support may produce work that is as strong or stronger, at a fraction of the cost, with the added advantage that the person who signs the report is the person who did the thinking.

Has AI actually changed the staffing calculation?

Partly, and the honest version is narrower than the enthusiastic one. The Stigler Center's ProMarket published analysis in April 2026 examining how AI could compress analyst hours in economic consulting substantially, and the major firms are not disputing the direction — Cornerstone has described deploying an agentic research platform across case work, with the notable discipline that outputs are replicated by a professional before litigation use. What that shifts is the labour-intensive middle: data cleaning, coding, document processing. What it does not shift is economic judgement, testimony, or the institutional capacity to absorb a surge. So the question has moved from "how many analysts does this need" to "which parts of this genuinely require human staffing".

What is the Institute’s relationship with expert search firms?

Stated plainly, because a recommendation from an undisclosed interest is worth nothing. The Institute's Executive Director, Russ Rosenzweig, cofounded Round Table Group, and where a firm wants a full-service expert search — recruiting, conflicts, contracting, billing and ongoing engagement management — the Institute will refer them there and says so. Where a firm instead wants the analysis before the hire, the Institute performs that itself for a fixed fee paid by the client. The Institute is paid by the lawyer. It does not take a commission, revenue share or placement fee from any expert it names.

Right-size before you retain.

Describe the matter. The Institute will help you see what expertise and what scale it actually requires.

Cournotdiagnostic · not a damages opinion
Tell me about the matter — roughly the claim, the scale of the data, and the schedule. I'll help you separate which discipline you need from how much machinery the case justifies. Sometimes the answer is a large consultancy, and I'll say so.