Dr. Kelly Lear Nordby specializes in applying economics, econometrics, finance, and statistics to competition policy, commercial damages, and mass tort matters. With over 20 years of litigation consulting experience, Dr. Nordby has provided clients with analyses that examine issues of price fixing, bundling, class certification, two-sided markets, patent infringement, employment discrimination, property value diminution, environmental contamination, crop damages, tax shelters, fraud, breach of fiduciary duty, breach of contract, and statistical sampling. She has directed analyses of large datasets and is experienced with a variety of econometric modeling techniques, including regression analysis, conjoint analysis and natural experiments. In addition, Dr. Nordby has applied her expertise in finance to develop models for discounted cash flow valuations, lost profits, and prejudgment interest. These matters have spanned a broad range of industries, including agriculture, airlines, automobiles, chemicals, energy, financial services, pharmaceuticals, biologics, building products, and other consumer products. Dr. Nordby conducts research and has published in the field of industrial organization.


Dr. Nordby holds a master’s degree and a Ph.D. in business economics and public policy from Indiana University’s Kelley School of Business, and a B.S. in finance from Lehigh University. Previously, Dr. Nordby held positions 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’s Kelley School of Business.


Kelley School of Business, Indiana University
Ph.D., Business Economics and Public Policy, 1998
M.B., Business Economics and Public Policy, 1996

Institute of Management Accountants
CMA, 1993

Lehigh University
B.S., Finance, 1990 (magna cum laude)

Employment History

Berkeley Research Group
Senior managing economist/Independent contractor (IC)
2010 - 2012 

AFE Consulting
IC director
2011 - 2012

Gnarus Advisors LLC
2009 - 2012

Senior managing economist/IC
2007 - 2011
Senior managing economist
2002 - 2006
Managing economist
2000 - 2002
Senior economist
1998 - 2000

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

News & Insights

Seminars & Speaking Engagements


Professional Affiliations

American Economic Association

American Bar Association, Antitrust Section
Associate member