Meet the experienced, global team at Dnes & Felver


Stephen Dnes, Founding Partner

Stephen Dnes has over a decade of experience advising on US, UK, and EU antitrust, competition and trade law. Before co-founding Dnes & Felver, Stephen worked with many of the largest law firms in the world, in several global business hubs, for a wide range of clients.

Most recently, Stephen has focused on the interaction of regulation, antitrust law, and the use of data in online systems. He has been engaged to represent clients before the US Federal Trade Commission, the California Attorney General’s Office, the UK Competition and Markets Authority, the UK Information Commissioner’s Office, and the UK Financial Conduct Authority.

As a graduate of law firms and law schools on both sides of the Atlantic, Stephen is unusually well placed to advise on the interaction of US, UK, and EU antitrust law, helping clients through the implications of areas of current and future convergence and divergence. For example, Stephen has been involved in the majority of all files undertaken to date by the UK CMA’s highly active Digital Markets Unit, and is frequently consulted on pertinent legal reforms.

Within two years of starting legal practice, Stephen was named Antitrust and Trade Law Section Scholar by the International Bar Association and was profiled by the Antitrust Section of the American Bar Association.

Stephen is a graduate of the University of Virginia School of Law, where he studied alongside fellow founding partner Troy Felver, and the University of Cambridge. Stephen holds an appointment as Associate Professor of Law at Northeastern University, delivering teaching and research in both Boston and London.

He has taught and examined antitrust law at all levels of sophistication, from introductory classes to PhD examination. He has written guidance for enforcers and was commissioned as international rapporteur for the International Competition Law League report Antitrust in Pharmaceutical Markets (Springer, 2018). He has twice served as head of a law school.

In 2022, Stephen was profiled by The Lawyer magazine for his work on the UK CMA case that resulted in the deferral of Google’s retirement of third-party cookies from the Google Chrome browser. This was selected as The Lawyer’s competition and regulatory matter of the year.

Stephen is admitted to the practice of law in the state of New York.

Troy B. Felver, Founding Partner

Troy B. Felver brings over a decade of experience in business and commercial law to our clients. He has lived and worked on three continents and brings a wealth of experiences and global nuance to those he assists.

Troy’s recent work involves the intersection of business law and emergent technology, including contracts and sales law, agency, employment agreements and discrimination claims, and real estate law.  He has a particular focus on Title VII of the Civil Rights Act of 1964 (as amended), the Uniform Commercial Code, and the Americans with Disabilities Act of 1990, and how these are applied in the rapidly developing high tech economy. 

Troy is also experienced in international trade law, including the WTO’s national treatment and Most Favored Nations mechanisms, SPS and TBT, and the Dispute Settlement Body.  He is eager to explain the intricacies and opportunities in the complex customs and trade matters omnipresent in global business.

Troy has written papers on how emerging technologies are and should be regulated and used in commerce, including autonomous vehicles, the distributed ledger, and carbon accounting procedures.  

Troy is a graduate of the University of Virginia School of Law where he earned his Juris Doctorate, as well as meeting fellow founding partner Stephen Dnes. Troy also has an LLM in International Business and Economic Law from Kyushu University in Japan.

Troy has taught business law to undergraduates, MBAs and law students in Asia (Ajou Univ, South Korea) and now teaches business law at West Virginia University.  Before law school, he worked in data analytics in the financial services sector as a REIT analyst in Charlottesville, Virginia.

Troy is admitted to the practice of law in the state of New York.

Jeff Senduk, Special Counsel

Jeff Senduk has many years of experience in dealing with a wide range of regulatory and commercial law issues. Before joining Dnes & Felver, he worked with several major U.S. law firms and was head of legal at a global social media company.

The focus of Jeff’s practice has been on general issues of regulatory law (be it pharma, competition, telecom or international trade regulation) and general issues of commercial law. More recently he has been an advisor to the government of Indonesia in a trade dispute with the EU, and has advised some technology companies on general compliance issues. He has been engaged to represent clients before the European Commission, the telecom regulator in the Netherlands, the competition authority in the Netherlands and the Indonesian Financial Services Authority. In addition, he has litigated on behalf of his clients before various courts and arbitration panels.

Jeff graduated with law degrees in both Europe and the United States (where he was a Fulbright Scholar) and has practiced law in both Europe and Asia. As such he is well placed to aid international clients who are confronted with some of the idiosyncrasies of the differing European legal systems.

Over his years Jeff was an adjunct-lecturer at Leiden University teaching international aspects of competition law and (guest) lectured at several other universities and has published on issues of regulatory law and international trade law in several journals. He also has a keen interest in technology.

Jeff is an EU-qualified lawyer (Amsterdam Bar).

Economics expert

Dr. Antony Dnes, Senior Economic Counsel

Dr. Antony Dnes specializes in the economic analysis of regulation and law. As such, he provides integrated economic insight throughout representation by Dnes & Felver, meaning that economic insight is integrated into case strategy from the very earliest stages, ensuring consistency and depth of economic argument across agencies and jurisdictions.

He has consulted for national and international organizations including major U.S. law firms and foundations, the World Bank, the International Labor Organization, the UK Intellectual Property Office, the Lord Chancellor’s Dept., and the European Union (DG Competition).

Dr Dnes’ career highlights include senior academic appointments at the University of St Andrews (UK), Missouri State University (USA), the Kyiv School of Economics (Ukraine), George Mason University (USA) and Hull University (UK). He has been an invited visitor at the University of Oxford (Wolfson), UC Berkeley, Virginia Tech, Monash University (Australia), the University of San Diego (Calif.) and the University of Toronto (Canada).

Dr. Dnes is Editor in Chief of Managerial & Decision Economics and was for many years on the Board of the International Review of Law & Economics. He has been an elected Academic Director for the Western Economics Association.

Recent publications include Principles of Law & Economics (2018) and articles in peer-reviewed journals including the Journal of Industrial Economics, Journal of Regulatory Economics, Economic Inquiry, European Review of Contract Law, Journal of Corporate Governance, and the Journal of Legal Studies.

Dr. Dnes holds a Ph.D. in economics from the University of Edinburgh and an LL.B. from the University of London. In addition to his work in regulatory economics, Dr. Dnes is a member of the State Bar of California and practiced law in San Francisco for several years before returning to full-time expert testimony.

Market insight expert

Anna Dnes, Senior Research Director

Anna Dnes provides expert advice on quantitative and qualitative market evidence as Senior Research Director at Dnes & Felver. A market research professional by background, Anna delves into the underlying evidence used to evaluate regulation.

This allows for in-house stress testing of the critical evidence points employed for — and against — arguments down to the level of survey design, survey bias, sample representativeness, and lurking hypotheses. This enriches development of themes in evidence evaluation from the very earliest stages of case development.

Anna has particular expertise in the analysis of competitive strategies in the pharmaceutical industry, including competitive analysis of pipeline products. She has been engaged by dozens of large pharmaceutical clients for business strategy advice.

She started her international career in Zurich, Switzerland with the major international management consultancy ZS Associates of Evanston, Illinois. Before joining Dnes & Felver, Anna was a Senior Research Director for a specialized market research consultancy in London.

Anna is a graduate of the Judge Business School of the University of Cambridge.