L.E.K. Consulting is a global

strategy consulting Management consulting is the practice of providing consulting services to organizations to improve their performance or in any way to assist in achieving organizational objectives. Organizations may draw upon the services of management consultants ...

firm based in

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

and

Boston Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- mo ...

. Founded in 1983 by three partners from

Bain & Company Bain & Company is an American management consulting company headquartered in Boston, Massachusetts. The firm provides advice to public, private, and non-profit organizations. One of the Big Three management consultancies, Bain & Company was fou ...

, L.E.K. focuses on

corporate strategy In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's managers on behalf of stakeholders, based on consideration of resources and an assessment ...

, marketing and sales,

mergers and acquisitions Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...

, and operations. 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. The firm also has a strong

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a t ...

practice.

History

In 1983, three Bain partners from London – James Lawrence, Iain Evans and

Richard Koch Richard John Koch (born 28 July 1950 in London) is a British management consultant, venture capital investor and author of books on management, marketing and lifestyle. Career Koch has an M.A. from Oxford University and an M.B.A. from T ...

– founded L.E.K. L.E.K. merged with Alcar Consulting Group in 1993. Founded in 1979, Alcar pioneered

value-based management Shareholder value is a business term, sometimes phrased as shareholder value maximization. It became prominent during the 1980s and 1990s along with the management principle value-based management or "managing for value". Definition The term "shar ...

(VBM) principles that maximized result impact for clients. 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, being the sole strategic adviser on the world's largest airline merger in 2007, 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 The Queen's Awards for Enterprise is an awards programme for British businesses and other organizations who excel at international trade, innovation, sustainable development or promoting opportunity (through social mobility). They are the highest ...

for international trade and export. In 2008, L.E.K. became the first global major management consulting firm to hold

carbon neutral Carbon neutrality is a state of net-zero carbon dioxide emissions. This can be achieved by balancing emissions of carbon dioxide with its removal (often through carbon offsetting) or by eliminating emissions from society (the transition to the "p ...

status. In 2022, the firm was ranked 9th by Firsthand in the "Vault Consulting 50". L.E.K. utilizes a local staffing model, where consultants travel less compared to other firms.

References

External links

* {{Authority control International management consulting firms Privately held companies of the United Kingdom Consulting firms established in 1983