Kelly Lear Nordby specializes in applying economics, econometrics, finance, and statistics to competition, commercial damages, and mass tort matters. With 20 years of litigation consulting experience, Dr. Nordby has provided clients with economic and quantitative analyses to examine issues of price fixing, bundling, patent infringement, class certification, employment discrimination, property value diminution, tax shelters, fraud, breach of fiduciary duty, statistical sampling, and asbestos claims and settlements. In addition, Dr. Nordby has applied her expertise in finance to develop models for discounted cash flow valuations, lost profit and reasonable royalty damages, prudent investment portfolios, and prejudgment interest. These matters have spanned a broad range of industries, including agriculture, airlines, automobiles, chemicals, energy, financial services, medical devices, pharmaceuticals, 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 consulted for other 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 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