L.E.K. Consulting

L.E.K. Consulting is a global strategy consulting firm based in London and Boston. Founded in 1983 by three partners from Bain & Company, L.E.K. focuses on corporate strategy, marketing and sales, mergers and acquisitions, and operations.[1] It provides expertise to life sciences and pharma, healthcare services, consumer products, financial services, energy and environment, media and entertainment, technology, travel and transport, industrials, and retail.[2] The firm also has a strong private equity practice.[3]

L.E.K. Consulting
TypePartnership
IndustryManagement consulting
Founded1983 (1983)
FounderJames Lawrence, Iain Evans, Richard Koch
Headquarters75 State Street, Boston, Massachusetts, United States
Number of locations
21
Key people
Iain Evans, Global Chairman
RevenueIncrease US$800 million (2021)
Number of employees
c.2,100 (2023)
Websitewww.lek.com

History

In 1983, three Bain partners from London – James Lawrence, Iain Evans and Richard Koch – founded L.E.K.[4]

L.E.K. merged with Alcar Consulting Group in 1993. Founded in 1979,[5] Alcar pioneered value-based management (VBM) principles that maximized result impact for clients.[6]

Projects include providing strategic and commercial advice for the U.K. government on the privatisation of passenger train operating companies in the mid-1990s, assisting the launch of one of the first pure direct internet banks in 1996, and transforming a global pharmaceutical company into an industry leader in 2009.

In 2007, L.E.K. was awarded the Queen's Award for Enterprise for international trade and export.[7] In 2008, L.E.K. became the first global major management consulting firm to hold carbon neutral status.[8] In 2022, the firm was ranked 9th by Firsthand in the "Vault Consulting 50".[9]

L.E.K. utilizes a local staffing model, where consultants travel less compared to other firms.[10]

References
  1. "L.E.K. Consulting - Company Profile". Vault.
  2. "Consulting Services and Industries". L.E.K. Consulting.
  3. "High profile Due Diligence deals win L.E.K. Private Equity award". The Consultant.
  4. "L.E.K. Strategy Consulting Firm Profile". Management Consulted. 5 April 2015.
  5. "L.E.K. Consulting adds seven new partners globally". www.consultancy.uk. 22 January 2015. Retrieved 11 March 2021.
  6. Kilroy, Denis; Schneider, Marvin (2017). Customer Value, Shareholder Wealth, Community Wellbeing: A Roadmap for Companies and Investors. Springer. p. 5. ISBN 9783319547749. The main advocates of shareholder wealth creation as a governing objective were value-based management consulting firms like Marakon Associates, Stern Stewart & Co, and Alcar, together with the academics that stood behind their work such as Dr Bill Alberts, Joel Stern and Professor Al Rappaport.
  7. "L.E.K. Consulting Company Profile". Top Consultant. Archived from the original on 1 April 2022. Retrieved 24 July 2020.
  8. "L.E.K. Consulting to achieve carbon neutral status from 1st January 2008". Top Consultant. 5 December 2007. Archived from the original on 24 July 2020. Retrieved 24 July 2020.
  9. "Vault Consulting Rankings | Vault Top Consulting Firms". Firsthand. Retrieved 25 March 2022.
  10. Murray, Seb (3 January 2017). "Inside View: L.E.K. Consulting". Business Because.
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