Dr. Kelly Lear Nordby specializes in applying economics, econometrics, finance, and statistics to competition policy, commercial damages, and mass tort matters.

With over twenty years of litigation consulting experience, Dr. Lear Nordby provides clients with cogent analyses that examine issues of price fixing, bundling, class certification, two-sided markets, patent infringement, employment discrimination, property value diminution, environmental contamination, tax shelters, breach of fiduciary duty, breach of contract, and statistical sampling. She directs analyses of large datasets and is adept at using a variety of econometric modeling techniques, including regression analysis, conjoint analysis, difference-in-differences, and synthetic control methods. Dr. Lear Nordby also has applied her expertise in finance to develop models for discounted cash-flow valuations, investment portfolio returns, lost profits, and prejudgment interest. These matters have spanned a broad range of industries, including agriculture, airlines, automobiles, chemicals, energy, financial services, pharmaceuticals, vaccines, building products, and other consumer products. She conducts research and has published in the field of industrial organization.

Dr. Lear Nordby holds a master’s degree and a PhD in business economics and public policy from Indiana University’s Kelley School of Business, and a BS in finance from Lehigh University. She held positions previously with other consulting firms, including LECG, LLC. She has taught graduate and undergraduate level economics and statistics courses at Northeastern University, the University of San Francisco’s School of Management, Indiana University-Purdue University at Indianapolis, and Indiana University Kelley School of Business.

Employment History

Senior managing economist (last position)
1998 – 2012

AFE Consulting (acquired by Navigant)
IC director
2011 – 2012

Gnarus Advisors LLC (acquired by Nathan Associates)
2009 – 2012

Indiana University
Research assistant, Center for Econometric Model Research
1995 – 1997
Interviewer, Center for Survey Research
1994 – 1995

Financial associate, Financial Management Development Program
1990 – 1993

Professional Affiliations

American Economic Association

American Bar Association, Antitrust Law Section, Litigation Section
Associate member


Certified Management Accountant (CMA)
Institute of Management Accounts,

Areas of Expertise


Kelley School of Business, Indiana University
PhD, Business Economics and Public Policy
MB, Business Economics and Public Policy

Lehigh University
BS, Finance, 1990 (high honors)