FLAG Programme — Antitrust Intelligence
The FLAG Programme

A finance program designed for competition lawyers

Give structure to the numbers and metrics that matter most to companies and regulators.

4.89 / 5  ·  100% of graduates would recommend it to a colleague
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You master the law.
The market moves on numbers.

Every quarter, financial documents contain signals that matter to your cases and your clients. Most competition lawyers admit in private this data would help them — they just don’t have a systematic method to find it, read it, and turn it into a legal argument.

Signals go unread

Earnings reports, analyst notes, and regulatory filings contain decisive data that never reaches the legal argument.

Courts and regulators already use this data

Financial analysis is shaping landmark cases and merger decisions. Understanding how it is applied—and challenged—is now a core competency for any top-tier competition lawyer.

Client conversations stall

When a CEO asks about the impact of an investigation or a divestiture on their profits and cash flow, most competition lawyers feel really uncomfortable.

Real changes from week 1

With regulators & judges

Read a net debt/EBITDA ratio and negotiate a better remedy for your client

Give a credible answer when a judge or regulator asks about numbers, without deferring to an economist

With clients

Walk into a client meeting knowing something in the last earnings call that nobody else caught

Explain to a CEO or in-house counsel the impact of an investigation on their company’s bottom line — and separate yourself from every other adviser

Within your practice

Start asking the right questions without fear of looking bad

Differentiate from the rest and sell more. AI is a tool, everyone can use it, reading a corporate balance sheet is a skill

4.89 / 5
Every single graduate would recommend it to a colleague

“The connection between antitrust and financial documents was always there — I just couldn’t see it before.”

Enroll now — €1,200

Five modules. Four weeks.

Real cases, practical simulations, and exercises built for lawyers who learn by doing — not by reading theory.

1

Documents & research

Where to find the sources that matter, when to access them, and how to build a system to know first.

2

Financial metrics

The core indicators for market power and financial health — a short list your team can apply without an economics background.

3

Mergers & acquisitions

Real merger cases where the numbers decided the outcome — and how to turn them into arguments.

4

Market studies & investigations

How regulators and courts use financial data — the arguments that worked, and the ones that didn’t.

5

Financial markets & antitrust

How investor behaviour and market dynamics shape regulatory decisions.

• Bringing this to your firm?

A dedicated format for teams.

For firms enrolling teams of 10 or more lawyers, we run a dedicated online cohort for your team, with a kickoff and follow-up aligned to your team’s active cases. Pricing depends on group size — tell us a bit about your firm and we’ll get back to you.

Minimum team size: 10 lawyers

Aitor Ortiz

Former Bloomberg Intelligence analyst  ·  Competition lawyer — Brussels, Washington, Mexico City

This methodology is what we use at Antitrust Intelligence every day to find signals that matter. The FLAG Programme teaches lawyers the same systematic process — built on years of reading financial statements as a Bloomberg analyst and applying competition law in three jurisdictions. You do not need an economics background. You need a method.

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