||This article appears to be written like an advertisement. (August 2010)|
Iain Evans, Global ChairmanStuart Jackson, Global Managing Partner
|Products||Management consulting services, including strategy, private equity, mergers & acquisitions, life sciences, and retail|
|Employees||900+ employees worldwide|
The company was founded in 1983 by three partners from Bain & Company: James Lawrence, Iain Evans and Richard Koch. L.E.K. has since grown to over 900 consultants and 22 offices worldwide. As of the 2014 ratings, it is #12 on the "Top Consulting 50" list published by Vault.com.
L.E.K. Consulting operates as a single global partnership and advises 20 percent of the world's largest companies, as well as leading private equity firms and governments. It is the only major global strategy consulting firm to have grown from a UK base, and it is the second-largest European strategy consulting firm behind Roland Berger Strategy Consultants.
L.E.K. is generalist strategy consultancy with expertise across all major industries, including a large presence in Aviation, Life Sciences, Energy, Business / Industrial, Entertainment, Retail / Consumer Products and Financial Services. The company also has a very large private equity practice.
L.E.K.'s primary service lines consist of:
- Corporate Strategy
- Mergers and Acquisitions
Stuart Jackson, the firm's Global Managing Partner and author of Where Value Hides: A New Way to Uncover Profitable Growth for your Business, was named among Consulting Magazine's Top 25 Consultants worldwide.
In 2012, L.E.K. was named the "Specialist Due Diligence Provider of the Year" at the British Private Equity Awards and the "2012 Management Consultants of the Year" at the Independent Healthcare Awards.
In 2007, L.E.K. was awarded the Queen's Award for Enterprise, one of the most prestigious commercial awards in the UK, for achieving a 50% increase in export revenues and in recognition of the achievement of being a UK professional services firm that has grown a substantial business in the US.
L.E.K. was hired in 2007 by Ofcom to perform a financial review of Channel 4, which revealed that the channel could face losses of up to £100m in the next five years and concluded that the broadcaster's business model was unlikely to be sustainable .
Other recent work includes advising the UK government on achieving its targets for renewable energy . L.E.K. announced that the firm would be the world's first strategy consultancy to become 100% carbon neutral and has developed a tested methodology for carbon pricing .
L.E.K. Consulting is unique in that most projects do not involve weekly travel to client sites. Although clients are located all over the world, L.E.K. case teams spend most of their time in their home offices, collaborating with other L.E.K. offices worldwide. Therefore, the corporate atmosphere is very collegial and involves a lot of peer-peer interaction.
There are several opportunities for professional development at L.E.K. Consulting, including a formal Professional Development program (technical and soft skills) and individual 1:1 mentorship with firm Managing Directors and Engagement Managers. Associates (post-undergraduate level employees) at the firm also have the opportunity to participate in Inspire Inc. Inspire is a non-profit consultancy staffed with volunteers from L.E.K. Consulting, Parthenon Group and Bain & Company. It is entirely run by Associate-level hires, and it offers these individuals a chance to sell casework, manage teams of volunteers, and determine project scope and deliverables.
Hours can be long and unpredictable, like at almost any management consulting firm. However, the “Out by Six” initiative is popular in several L.E.K. Consulting offices. For this initiative, case teams are able to choose 1 night per week to leave the office by 6pm. This effort was enacted to help staff manage unpredictability of hours.
Notable former employees
- Jim Lawrence - Chief Executive Officer, Rothschild North America
- Richard Koch - author and entrepreneur
- Damon Buffini - Managing Partner, Permira
- Andrew Sillitoe - CEO, Apax Partners
- Boris Johnson - journalist, MP and Mayor of London (with the company for one week)
- Richard Fuller - Member of Parliament for Bedford
- Reinhard Gorenflos - Managing Director, Kohlberg Kravis Roberts
- Tim Sims - Managing Partner, Pacific Equity Partners
- Robert Boyle - Commercial Director, British Airways
- Philip Goulding - Chief Financial Officer, Allegheny Energy
- Coline McConville - CEO, Clear Channel Europe
- Olivier Duha - Co-founder and Co-chairman, WebHelp France
- Christian Purslow - Co-founder of MidOcean Partners and managing director of Liverpool Football Club
- Kevin A. Mayer - Executive Vice President, The Walt Disney Company