GLG (Gerson Lehrman Group, Inc.) is a financial and global information services consulting company headquartered in New York City. The company provides financial information and advises investors and consultants with business clients seeking expert advice. It is the world's largest expert network, with over 1,000,000 freelance consultants. GLG's experts include asset managers, investors, consultants, physicians, scientists, engineers, lawyers, senior current and former

c-level Corporate titles or business titles are given to corporate officers to show what duties and responsibilities they have in the organization. Such titles are used by publicly and privately held for-profit corporations, cooperatives, non-profit org ...

executives, and former government members. GLG's clients include strategy consulting corporations, hedge funds, private equity firms, professional service firms, and non-profit organizations. The firm was founded in 1998 and has been backed by private equity firms

Silver Lake Partners Silver Lake Technology Management, L.L.C., is an American global private equity firm focused on technology and technology-enabled investments. Silver Lake is headquartered in Silicon Valley and New York, and has offices in London, Hong Kong, and ...

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, and SFW Capital Partners. GLG is headquartered in

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

, with offices in 22 cities in 12 countries.

History

Gerson Lehrman Group was founded by

Yale Law School Yale Law School (YLS) is the law school of Yale University, a Private university, private research university in New Haven, Connecticut. It was established in 1824. The 2020–21 acceptance rate was 4%, the lowest of any law school in the United ...

graduates Mark Gerson and Thomas Lehrman in 1998. Alexander Saint-Amand, a former Bloomberg reporter, joined GLG shortly after, and served as President & CEO until 2018. GLG, initially funded by friends and family, was formed as a

publishing house Publishing is the activities of making information, literature, music, software, and other content, physical or digital, available to the public for sale or free of charge. Traditionally, the term publishing refers to the creation and distribu ...

to produce industry guidebooks for institutional investors. However, the founders discovered that their clients wanted to talk directly to experts in casual conversations, rather than reading formal written reports. Accordingly, in 1999, GLG abandoned its publishing business and began offering subscriptions to its network of experts. GLG's first customers were investors, and most of their growth from 1999 to 2005 was within the investment community. In 2006, they began working with big strategy consultancies and with companies in life sciences, chemicals and industrials, and technology. By 2010,

The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...

had described GLG as "dominating the U.S. expert networking industry". The expert network business model has drawn scrutiny for concerns relating to adherence to disclosure rules and

insider trading Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider informati ...

within the investment industry. GLG's policies include prohibitions against consultants sharing any nonpublic information about their employer or any public company, violating any ethical or legal restrictions relevant to consultants, or violating any laws. In 2018, GLG named Paul Todd as its new CEO. Todd was previously the head of

eBay eBay Inc. ( , often stylized as ebay) is an American multinational e-commerce company based in San Jose, California, that allows users to buy or view items via retail sales through online marketplaces and websites in 190 markets worldwide. ...

's EMEA business. GLG operates a Social Impact Fellowship that provides learning resources and expertise to certain nonprofits at no cost. In October 2021 GLG filed to go public in an IPO, but it withdrew that offering in March 2022.

References

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History

References

Further reading