L.E.K. Consulting

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L.E.K. Consulting
TypePartnership
IndustryManagement consulting
Founded1983; 39 years ago (1983)
FounderJames Lawrence, Iain Evans, Richard Koch
HeadquartersLondon, England
Number of locations
21
Key people
Iain Evans, Global Chairman
RevenueIncrease US$800 million (2021)
Number of employees
1,400
Websitewww.lek.com

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, 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.[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]

  1. ^ "L.E.K. Consulting - Company Profile". Vault.
  2. ^ "Consulting Services and Industries". L.E.K. Consulting.
  3. ^ "High profile Due Diligence deals win L.E.K. Private Equity award". The Consultant.
  4. ^ "L.E.K. Strategy Consulting Firm Profile". Management Consulted. 5 April 2015.
  5. ^ "L.E.K. Consulting adds seven new partners globally". www.consultancy.uk. 22 January 2015. Retrieved 11 March 2021.
  6. ^ 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.
  7. ^ "L.E.K. Consulting Company Profile". Top Consultant.
  8. ^ "L.E.K. Consulting to achieve carbon neutral status from 1st January 2008". Top Consultant. 5 December 2007.
  9. ^ "Vault Consulting Rankings | Vault Top Consulting Firms". Firsthand. Retrieved 25 March 2022.
  10. ^ Murray, Seb (3 January 2017). "Inside View: L.E.K. Consulting". Business Because.

External links[edit]