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 city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

and

Boston Boston is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeas ...

. 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 nonprofit organizations. One of the Big Three (management consultancies), Big Three management co ...

, 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 Resource management, resources ...

, marketing and sales,

mergers and acquisitions Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorpt ...

, 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 Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...

practice.

History

In 1983, three Bain partners from London – James Lawrence, Iain Evans and Richard Koch – left and 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. The term expresses the idea that the primary goal for a business is to increase the wealth of its shareholders (owners) by paying dividends and/or causing th ...

(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, 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 Queens is a borough of New York City. Queens or Queen's may also refer to: Arts and entertainment * Queens (group), a Polish musical group * "Queens" (song), a 2018 song by Saara Aalto * ''Queens'' (novel), by Stephen Pickles, 1984 * "Queens", ...

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

carbon neutral Global net-zero emissions is reached when greenhouse gas emissions and Greenhouse gas removal, removals due to human activities are in balance. It is often called simply net zero. ''Emissions'' can refer to all greenhouse gases or only carbon diox ...

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