Mike Cragg
Mike Cragg
Sr. Partner

Mike is a Senior Partner in the Boston office, where he focuses on strategy, antitrust, damages, finance, and valuation disputes. He is a member of our global leadership team.

Throughout his career Mike has focused on the cross-over between finance and industrial organization dating to when he taught at Columbia’s and UCLA’s economics departments and schools of business. He regularly speaks and publishes on competition, corporate finance, and valuation. Most recently, he provided testimony for AliveCor’s injunction of the Apple watch, for Epic in its trial against Apple, for UMB in its estate management dispute with the heirs of Thomas Heart Benton, the recently settled Western Digital tax trial and authored two amicus briefs regarding joint ventures submitted to the United States Supreme Court on matters involving the NCAA and NFL.

Mike has testified and consulted on high profile matters throughout his career. In the last two years, the American Antitrust Institute and Global Competition Review recognized the Blue Cross Blue Shield MDL and US Airways v Sabre case teams he led for their contributions to antitrust enforcement. He was the lead expert responsible for successfully rebutting Chairman Bernanke, and Secretaries Paulsen and Geithner in the AIG takings case. He has testified on behalf of the government and taxpayers on intercompany financings, joint ventures, and partnerships. He has experience across a variety of industries including electricity, oil and gas, platforms, telecommunications, sports and entertainment, high tech and software, airlines, pharmaceuticals, medical devices, health insurance, health care providers, payment systems, and financial and commodity markets.

Mike’s strategy work includes reorganizing an energy trading and marketing operation for sale, optimizing sales and marketing operations in pharmaceutical and CPG companies, and applying cutting edge financial methods to increase returns to R&D for pharmaceutical and medical technology companies. He is currently a Director of DemandQ, which is an AI driven energy SaaS company, and Cellucomp, which is a materials sciences company that is replacing plastic with biodegradable materials for packaging in the CPG industry.

Prior to joining Keystone, Mike was Chairman of The Brattle Group, a founding member of Cambridge Finance Partners, the founding partner for the Boston office of Bates White & Ballentine, and a Vice President at Analysis Group. Mike has served as a management consultant at Cambridge Finance Partners, A.T. Kearney, and Integral.

Mike began his career as a Professor at Columbia University and UCLA’s Anderson School of Management, where he taught courses in health care economics, public finance, strategy, industrial organization, and econometrics. He has served on the faculty of the World Bank Training Programs, held a NIH Fellowship at RAND, and was a senior research economist at the Milken Institute in Santa Monica, CA.

In his free time Mike pursues an active outdoors life with his four teenage and young adult children and competes in Ironman triathlons. He is currently a Trustee and former Board Chair of the Cambridge Montessori School, and a former Trustee of the Waterville Valley Academy and the Children’s Advocacy Center of Suffolk County.


  • Ph.D in Economics & Finance from Stanford University
  • B.S.E in Engineering and Architecture from Princeton University