L.E.K. Consulting
 | |
 Headquarters at 75 State Street | |
| Company type | Partnership |
|---|---|
| Industry | Management consulting |
| Founded | 1983 |
| Founder | James Lawrence, Iain Evans, Richard Koch |
| Headquarters | 75 State Street, Boston, Massachusetts, United States |
Number of locations | 21 |
Key people | Iain Evans, Global Chairman |
| Revenue |  US$800 million (2021) |
Number of employees | c.2,100 (2023) |
| Website | www |
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]
History
[edit]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.[citation needed]
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
[edit]- ^ "L.E.K. Consulting - Company Profile". Vault.
- ^ "Consulting Services and Industries". L.E.K. Consulting.
- ^ "High profile Due Diligence deals win L.E.K. Private Equity award". The Consultant.
- ^ "L.E.K. Strategy Consulting Firm Profile". Management Consulted. 5 April 2015.
- ^ "L.E.K. Consulting adds seven new partners globally". www.consultancy.uk. 22 January 2015. Retrieved 11 March 2021.
- ^ 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.
- ^ "L.E.K. Consulting Company Profile". Top Consultant. Archived from the original on 1 April 2022. Retrieved 24 July 2020.
- ^ "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.
- ^ "Vault Consulting Rankings | Vault Top Consulting Firms". Firsthand. Retrieved 25 March 2022.
- ^ Murray, Seb (3 January 2017). "Inside View: L.E.K. Consulting". Business Because.
