Compass Lexecon (London)

Ian Small

Compass Lexecon (London)
Economist (Senior Vice President)

Dr. Ian Small is a Senior Vice President at Compass Lexecon, based in our London office. Ian specializes in applying econometric techniques to antitrust matters and has over 20 years of experience working as an economic consultant. He has worked on many high-profile competition cases in various jurisdictions. These include merger cases before the European Commission, such as Andromeda/Nireus/Selonda, Rexam/Ball, INEOS/Solvay, Ryanair/Aer Lingus, UPS/TNT, Unilever/Sara Lee, Panasonic/Sanyo, Sappi/M-Real and Pernod Ricard/V&S. He has also worked on various cases before the UK CMA, including Sainsbury’s/Asda, Celesio/Sainsbury’s, OUP/NT, Unilever/Alberto Culver, and Travis Perkins/BSS. Ian has worked on significant non-merger cases, including damages cases following-on from the European Commission’s investigation into credit card interchange fees and the Airfreight cartel, the OFT’s investigations into the Dairy Product Price Initiative and Scottish Milk Prices, as well as various Competition Commission market inquiries. Prior to becoming an economic consultant, Ian was an economic specialist at the Bank of England. He has earned a Ph.D. in Economics from Queen Mary University of London, an M.Sc. in Economics from Queen Mary University of London, and a B.A. in Economics from the University of Manchester.

Linked authors

Compass Lexecon (Madrid)
Compass Lexecon (Brussels)
American University’s Washington College of Law (Washington)
Compass Lexecon (Hong Kong)
Compass Lexecon (Chicago)


491 Bulletin

Ian Small, Simon Chisholm The UK Competition Appeals Tribunal upholds a decision to prohibit a merger in the energy and commodities trading sector (Intercontinental Exchange / Trayport)


The CAT upheld on 6 March 2017 the CMA’s decision to prohibit ICE’s acquisition of the energy and commodities trading platform Trayport. The CMA’s original decision found that ICE could use ownership of Trayport to foreclose competitors, shifting liquidity to its own exchanges. It was the first (...)

3761 Review

Ian Small Econometric analyses of unilateral effects in merger cases


Econometric analyses such as demand estimation and reduced form price analysis are increasingly being used in Europe by both competition authorities and the merging parties to provide direct evidence on the unilateral effects of mergers. Unlike most other evidence and analyses used in merger (...)

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