AlixPartners acquires independent economics consulting boutique, Matrix Economics. The acquisition, effective immediately, sees all of Matrix Economics’ team members join AlixPartners and is a significant addition to the firm’s capabilities in competition economics.
Founded by Dr. Tasneem Chipty in 2016 and based in Boston, Matrix Economics provides clients with the clarity and insight required to navigate the most complex antitrust litigation, mergers, and regulatory proceedings. Dr. Chipty and the Matrix team have supported clients in a series of high-profile cases, including for Qualcomm in FTC v. Qualcomm and Apple v. Qualcomm, and for the Canadian Competition Bureau in a regulatory proceeding involving the Canadian mobile wireless sector. The Matrix team successfully assisted the parties in the CenturyLink-Level 3 merger, and they are currently involved in a confidential matter, both in front of the Department of Justice and the Federal Communications Commission.
Simon Freakley, CEO, AlixPartners, commented: “I am delighted to welcome Tasneem and her highly talented team to AlixPartners, where Tasneem will assume the role of practice lead for our US Economics practice. Adding great teams of professionals to enhance our services and bring value to our clients, is a core part of our strategy. In an environment where we anticipate an uptick in both corporate litigation and consolidating M&A activity the proven skills of the Matrix Economics team will be in high demand.”
Dr. Tasneem Chipty, Founder and Managing Principal, Matrix Economics, said: “Joining AlixPartners is the next step on the journey for Matrix Economics and an enormously positive development for those who matter most, our clients and our people. The global platform and significant access AlixPartners has to corporate boardrooms and law firms means we will be able to serve an ever-growing roster of clients in what is set to be a busy time for our services and expertise. Our people will also benefit as a direct result of the depth and breadth of opportunity and career progression that only a business of the scale and relevance of AlixPartners can provide. I am exceptionally proud of what we have achieved as a market-leading boutique and am excited to become part of a larger team, whose culture and approach to client services match our own. Together, we look forward to continue helping our clients solve their most complex and challenging problems.”
“Tasneem and the team at Matrix Economics are a fantastic addition to our business,” added Louis Dudney, Global Leader of AlixPartners’ Investigations, Disputes and Risk practice. “Our economics consulting capability in EMEA is well known and this transaction in the US significantly adds to our best-in-class offering for our clients globally. In today’s unprecedented environment, clients need the very best experts as they contend with important litigation and M&A clearance issues, and I am excited that we are able to offer experts of this caliber to support them.”
Willkie Farr & Gallagher LLP acted as legal counsel to AlixPartners, and Saul Ewing Arnstein & Lehr LLP acted as legal counsel to Matrix Economics.