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Richard Bruch is an economist with over 25 years of experience advising law firms, multinational companies, and the IRS in a variety of transfer pricing matters including tax planning, documentation, controversy, and Advance Pricing Agreements. Mr. Bruch's experience spans a wide variety of industries including consumer electronics, ready-to-drink beverages, property and casualty insurance, professional services, financial services, and interactive media and services industries

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Mr. Bruch has been extensively involved in the preparation of expert witness reports for tax court and has managed the economic analysis aspects of tax-related audits in the US and other regions. He has also managed many intangible valuation projects including cost-sharing arrangements and licensing arrangements. 

Prior to joining NERA, Mr. Bruch was a Managing Director at Horst Frisch Incorporated and a Consultant for KPMG, where he worked on healthcare economics issues and tax revenue estimation for foreign governments and US states.


  • MBA, Northwestern University's Kellogg Graduate School of Management
  • BA in economics and mathematic methods in the social sciences, Northwestern University