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Future Leaders

Future Leaders

Future Leader

WWL Ranking: Future Leader

WWL says

Clara Segurola is a well-regarded financial economist and expert witness with a strong track record of valuations and quantifications of damages for clients from across various industry sectors.​


Clara Segurola is a financial economist with more than 11 years of professional experience. She provides analysis and expert testimony on damages, valuation, and economic issues arising in international commercial and investor–state disputes.

Ms Segurola’s work in litigation and international arbitration includes assessment and quantification of damages (including loss of profits, consequential losses and loss of business opportunities), business valuation, and valuation of real assets in the context of political intervention. She has also provided profitability assessments and economic analyses of the regulatory framework in the context of disputes in regulated sectors (eg, utilities, infrastructure and renewables).

Ms Segurola’s work has covered a broad range of industries (ie, utilities, energy, transport, infrastructure, financial services, consumer goods, IT services, manufacturing and distribution) across Western and Eastern Europe, Latin America, the Middle East and Southeast Asia. She has worked on matters before the International Chamber of Commerce (ICC), International Centre for Settlement of Investment Disputes (ICSID), the London Court of International Arbitration (LCIA), the Permanent Court of Arbitration (PCA), on ad hoc arbitrations under UNCITRAL Rules, and before the Commercial Court of England and Wales and Spanish commercial courts, and she has provided oral testimony (both direct testimony and in cross-examination).

Ms Segurola holds a master’s degree in economics and finance from the Spanish Centre of Monetary and Financial Studies (CEMFI), a master’s in banking and finance from the French University of Nantes and is fluent in English, Spanish, and French. Prior to joining NERA, Ms Segurola worked as a financial analyst, first assessing corporate credit risk for a major oil company and later analysing the financial aspects of mergers and acquisitions for an online financial information provider.

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