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Berkeley Research Group LLC
Company typeLimited liability company
IndustryProfessional services
FoundedEmeryville, California, Chicago, Illinois (2010)
HeadquartersEmeryville, California, U.S.
Area served
Worldwide
Key people
David Teece (Chairman)
Richard Boulton (UK Chairman)
David Kaplan (Vice chairman/Executive director)
Tri MacDonald (President)
Philip Rowley (Executive director/Chief Revenue Officer)
Dave M. Johnson (CFO)
Kimberly Starr (Chief Accounting Officer)
Eric Miller (General counsel)
Marvin Tenenbaum (Special Advisor to the Chairman)[1]
ServicesExpert testimony
Litigation and regulatory support
Consulting
Strategic advice
Document and data analytics
Number of employees
1,200 (2018)
Websitewww.thinkbrg.com

Berkeley Research Group, LLC (BRG) is a global strategic advisory and expert consulting firm that provides independent advice, data analytics, valuation, authoritative studies, expert testimony, investigations, transaction advisory, restructuring services, and regulatory and dispute consulting to Fortune 500 corporations, financial institutions, investors, major law firms, and regulatory bodies around the world.[2]

BRG is headquartered in Emeryville, California, with offices across the United States and in Asia, Australia, Canada, Latin America, the Middle East, and the United Kingdom.[3]

History

BRG was co-founded in February 2010 by a group including Dr. David Teece, who has served as its Chairman and principal executive officer.[2][4]

Services

BRG specializes in the provision of economic, financial, and analytical advice for a range of disciplines, including antitrust and competition policy, class action certification, construction, corporate governance, damages analysis, energy, environment and natural resources, finance and valuation, financial reporting evaluation and fraud, forensic financial investigations, health analytics, information technology, insurance and reinsurance, intellectual property, international and domestic arbitration, labor and employment, public policy, and security issues. It also advises clients in industry sectors with compliance, business process improvement, and strategy consulting.[2] Major practice areas include:

Healthcare

BRG offers healthcare and life sciences industry expertise.

In January 2011, the California Institute for Regenerative Medicine (CIRM), a state agency created by voters with Proposition 71, the California Stem Cell Research and Cures Act, released an independent economic impact study authored by BRG professionals.[5] The report showed that the first $1.1 billion in grants created 25,000 job years and $200 million in new tax revenue through 2014.[6] Taxpayer funding generates 2,739 jobs annually.[7]

Information Technology

Director Leonard Waverman's current research is on the growth and productivity impacts of the rollout of telecommunications and computers.[8] His analysis of the impacts of mobile phone rollout on growth in Africa was the subject of an "Economic Focus" section of The Economist[9] and a special report in 2009.[10]

Public Policy

Special Advisor Dr. Laura D'Andrea Tyson and directors Dr. Kenneth Serwin and Dr. Eric Drabkin performed "The Benefits for the U.S. Economy of a Temporary Tax Reduction on the Repatriation of Foreign Subsidiary Earnings," a 2011 economic study commissioned by the New America Foundation.[11] The study assessed the effects of a one-time reduction in the tax rate applied to the repatriation of foreign subsidiary earnings on spending, output, and employment in the U.S. economy.[12] The study found that a temporary reduction to approximately 5.25 percent would lead to a significant increase in repatriations, making $942 billion available for domestic use by U.S. multinational corporations.

In 2013, the same authors published "Implications of a Switch to a Territorial Tax System in the United States: A Critical Comparison to the Current System."[13] Citizens for Tax Justice wrote that the study "flies in the face of overwhelming evidence that today many of these profits are really earned in the U.S. but characterized as 'offshore' in order to obtain existing tax benefits that would be expanded under a territorial system."[14]

Corporate Finance

The Deal ranked BRG second on its List of Top Restructuring Advisers in 2017[15] and third in 2018 [16].

BRG Review

BRG publishes the BRG Review, a semi-annual journal featuring original research and analysis by BRG expert consultants.[17] The first issue of the review (winter 2011) included a paper on control premiums, minority interest discounts, and the fair market value standard; plus a case study on the impact of health reform on a pharmaceutical company. The second issue (Fall 2011) included papers on the role of the economic expert in the banking and investment disputes following the subprime crisis; and the economic impact of research funded by the California Institute for Regenerative Medicine. A later issue featured two case studies from BRG's Labor and Employment practice.[18]

Accolades

BRG Chairman David Teece was named among the 2011 A-List of Management Academics, an honorary group of 30 of the most accomplished and distinguished professors in U.S. academia.[19]

Teece was also the lead author on the most-cited article in economics and business worldwide for the decade of 1995 to 2005 ("Dynamic Capabilities and Strategic Management" in Strategic Management Journal). He is one of the top 10 most-cited scholars for that decade. His 1986 paper "Profiting from Technology Innovation", in Research Policy, was as of 2012 the most widely cited business article in that journal's history.[20]

At the CFA Institute's May 2012 board of governors' meeting, the board accepted and approved appointments of new incoming and continuing members to serve on its Disciplinary Review Committee, a volunteer committee responsible for the enforcement of the CFA Institute Code of Ethics and Standards of Professional Conduct.[21] BRG Director James Conversano was a 2012 incoming appointee.[22]

At the Third Annual ACG New York Champion's Awards, ACG® New York and The M&A Advisor named the turnaround of Solyndra, LLC and 360 Degree Holdings, LLC as the 2013 Energy Deal of the Year.[23]

Global Competition Review ranked BRG among the top 20 competition economics firms in the world in Economics 20, GCR's assessment of the world's leading economic consultancies, in both 2012[24] and 2013,[25] and in its top 21 for 2014 [26] [27], 2015 [28] [29], and 2017[30] [31].

Criticisms

Charles H. Ferguson, author of Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America, criticized large academic regulatory consulting firms such as "Berkeley Research Group, the Analysis Group, the Brattle Group, Criterion, Compass Lexecon, and Charles River Associates" for focusing primarily "on helping companies avoid or influence legislation, public debate, regulation, prosecution, class-action lawsuits, antitrust judgments, and taxes."[32]

See also

References

  1. ^ "Berkeley Research Group Leadership". Retrieved 2012-07-09.
  2. ^ a b c "Company Overview of Berkeley Research Group, LLC". Bloomberg Businessweek. Retrieved 2012-07-09.
  3. ^ "BRG Office Locations". Berkeley Research Group. Retrieved 2013-11-20.
  4. ^ "David Teece co-founder, Berkeley Research Group LLC". American City Business Journals. Retrieved 2015-10-27.
  5. ^ "CIRM Generating 25,000 Jobs and $200 million in Taxes for California with Grants Awarded So Far—with More to Come". California Institute for Regenerative Medicine. 2011-01-26. Archived from the original on 2012-07-10. Retrieved 2012-07-09. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  6. ^ Alberro, Jose (March 2011). "Economic Impact of Research Funded by the California Institute of Regenerative Medicine" (PDF). California Institute for Regenerative Medicine. Archived from the original (PDF) on 2011-10-07. Retrieved 2012-07-09. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  7. ^ Darce, Keith (2011-01-26). "Taxpayer funding for stem cell research generates 2,739 jobs annually". U-T San Diego. Retrieved 2012-06-14. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  8. ^ Waverman, Leonard; Meschi, Meloria; Fuss, Melvyn (March 2005). "The Impact of Telecoms on Economic Growth in Developing Countries—Africa: The Impact of Mobile Phones" (PDF). Vodafone Policy Paper Series. 2. Vodafone: 10–23. Retrieved 2012-07-09.
  9. ^ "Economics Focus: Calling Across the Divide". Economist. Economist Newspaper Limited. 2005-03-10. Retrieved 2012-05-12.
  10. ^ "Special Report: Eureka Moment". Economist. Economist Newspaper Limited. 2009-09-24. Retrieved 2012-05-12.
  11. ^ Tyson, Laura D'Andrea; Serwin, Kenneth; Drabkin, Eric J. (Fall 2011). "The Benefits for the U.S. Economy of a Temporary Tax Reduction on the Repatriation of Foreign Subsidiary Earnings" (PDF). Berkeley Research Group. Retrieved 2012-07-09.
  12. ^ "Marketwire: New Study Finds Tax Holiday on Repatriated Corporate Earnings Would Increase GDP, Create Jobs". AOL Daily Finance. 2011-10-17. Retrieved 2012-06-14.
  13. ^ McKinnon, John (2013-11-08). "Study: Tax Change Could Bring $1 Trillion Back to U.S." Wall Street Journal. Retrieved 2013-11-20.
  14. ^ French, Lauren (2013-11-11). "Happening this week: Tax talks and a potentially key meeting — Forget the grand bargain". Politico. Retrieved 2013-11-20.
  15. ^ "Bankruptcy | Welcome to The Deal". www.thedeal.com. Retrieved 2018-03-03.
  16. ^ "The Deal Power Rankings". www.thedeal.com. Retrieved 2018-07-26.
  17. ^ "Berkeley Research Group Introduces "BRG Review"". BusinessWire. 2011-02-22. Retrieved 2012-06-14.
  18. ^ "BRG Review". Berkeley Research Group. Archived from the original on 2014-12-26. Retrieved 2013-11-20. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  19. ^ "The A-List of Management Academics 2011". BusinessEducators.com. Archived from the original on 2012-03-22. Retrieved 2012-06-11. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  20. ^ Hughes, Samuel (March–April 2008). "All Business". 106 (4). Pennsylvania Gazette. Retrieved 2012-07-09. {{cite journal}}: Cite journal requires |journal= (help); Italic or bold markup not allowed in: |publisher= (help)
  21. ^ "Disciplinary Review Committee (DRC)". CFA Institute. Retrieved 2012-06-11.
  22. ^ "Board of Governor's Meeting Open Session Minutes: Disciplinary Review Committee Member Appointments" (PDF). CFA Institute. 2012-05-05. Retrieved 2012-06-11.
  23. ^ "List of 2013 ACG New York Champion's Award Winners" (PDF). ACG. 2013-06-20. Retrieved 2013-11-20.
  24. ^ "The Economics 20". Global Competition Review. 2012-11-28. Retrieved 2014-02-11.
  25. ^ "Economics 20" (PDF). Global Competition Review. January 2014. Retrieved 2014-02-11.
  26. ^ "The Economics 21". Global Competition Review. 2014-12-04. Retrieved 2015-10-27.
  27. ^ "GCR 100 - 15th Edition". Global Competition Review. Retrieved 2015-10-27.
  28. ^ "GCR 100 - 16th Edition". Global Competition Review. Retrieved 2018-07-26.
  29. ^ "GCR 100 - 16th Edition". Global Competition Review. 2016-01-13. Retrieved 2018-07-26.
  30. ^ "GCR 100 - 17th Edition". Global Competition Review. Retrieved 2018-07-26.
  31. ^ "GCR 100 - 17th Edition". Global Competition Review. Retrieved 2018-07-26.
  32. ^ Ferguson, Charles (2012). Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America. Crown Business.
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