L.E.K. Consulting
Encyclopedia
L.E.K. Consulting is an international strategy consulting firm, with headquarters in London
.
Started 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 20 offices worldwide. The firm now 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 stands out as the only major global strategy consulting firm to have grown from a UK base and 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. It is a principal adviser to private equity, and was the number 1 adviser in number of transactions in Europe during 2007. L.E.K. is a leading adviser to the biotech industry and is known for its airline, surface transport, financial services and media and entertainment practices, as well as its expertise in alternative energy.
L.E.K.'s primary service lines consist of:
L.E.K. is notable among it peers for its strong M&A concentration.
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 http://business.timesonline.co.uk/tol/business/industry_sectors/media/article1615132.ece.
Other recent work includes advising the UK government on achieving its targets for renewable energy http://www.carbontrust.co.uk/technology/technicalsolutions/renewables.htm. 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
http://www.climatechangecorp.com/content.asp?ContentID=5050.
, The Boston Consulting Group, Bain & Company
, and Booz & Company
.
Boston
Chicago
Los Angeles
New York
San Francisco
Milan
Wroclaw
Munich
Paris
Auckland
Bangkok
Beijing
Melbourne
Mumbai
New Delhi
Shanghai
Singapore
Sydney
Tokyo
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
.
Started in 1983 by three partners from Bain & Company
Bain & Company
Bain & Company is a global management consulting firm headquartered in Boston, Massachusetts. Bain is considered one of the most prestigious consulting firms in the world, with 47 offices in 30 countries and over 5,500 professionals on staff globally...
, James Lawrence, Iain Evans and Richard Koch
Richard Koch
Richard Koch is a former management consultant, entrepreneur, and writer of several books on how to apply the Pareto principle in all walks of life. Koch has also used his concepts to make a fortune from several private equity investments made personally. Koch’s investments have included...
, L.E.K. has since grown to over 900 consultants and 20 offices worldwide. The firm now 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 stands out as the only major global strategy consulting firm to have grown from a UK base and is the second-largest European strategy consulting firm behind Roland Berger Strategy Consultants
Roland Berger Strategy Consultants
Roland Berger Strategy Consultants is a global strategy consulting firm headquartered in Munich, with 43 offices in 31 countries. Roland Berger Strategy Consultants was founded in 1967 by Prof. Roland Berger...
.
L.E.K. is generalist strategy consultancy with expertise across all major industries. It is a principal adviser to private equity, and was the number 1 adviser in number of transactions in Europe during 2007. L.E.K. is a leading adviser to the biotech industry and is known for its airline, surface transport, financial services and media and entertainment practices, as well as its expertise in alternative energy.
L.E.K.'s primary service lines consist of:
- Corporate Strategy
- Mergers and Acquisitions
- Operations
L.E.K. is notable among it peers for its strong M&A concentration.
Recent activities
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 http://business.timesonline.co.uk/tol/business/industry_sectors/media/article1615132.ece.
Other recent work includes advising the UK government on achieving its targets for renewable energy http://www.carbontrust.co.uk/technology/technicalsolutions/renewables.htm. 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
Carbon pricing
Carbon pricing is the generic term for placing a price on carbon through either subsidies, a carbon tax, or an emissions trading system....
http://www.climatechangecorp.com/content.asp?ContentID=5050.
Criticism
L.E.K. attracted strong criticism when it undertook a study of the Rugby Football Union in 2007 for its radical proposals to reform the sport, its unconsultative process, and its excessive fee structure - the company reportedly received £1m in fees for its report "The Way Forward" http://www.telegraph.co.uk/sport/main.jhtml?xml=/sport/2007/01/16/srfron16.xml.Competitors
Primary competitors of L.E.K. in the strategy consulting market include McKinsey & CompanyMcKinsey & Company
McKinsey & Company, Inc. is a global management consulting firm that focuses on solving issues of concern to senior management. McKinsey serves as an adviser to many businesses, governments, and institutions...
, The Boston Consulting Group, Bain & Company
Bain & Company
Bain & Company is a global management consulting firm headquartered in Boston, Massachusetts. Bain is considered one of the most prestigious consulting firms in the world, with 47 offices in 30 countries and over 5,500 professionals on staff globally...
, and Booz & Company
Booz & Company
Booz & Company is a global management consulting firm established in the United States in 1914. It is recognized as one of the most prestigious management consulting firms in the world and one of the best consulting firms to work for by Consulting Magazine...
.
Recruiting
L.E.K. recruits at MBA, PhD, and undergraduate levels, and primarily recruits from top schools through a highly selective on-campus recruiting program.Americas
BostonBoston
Boston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...
ChicagoChicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
Los AngelesLos Ángeles
Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...
New YorkNew York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
San FranciscoU.K.-Europe
LondonLondon
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
MilanMilan
Milan is the second-largest city in Italy and the capital city of the region of Lombardy and of the province of Milan. The city proper has a population of about 1.3 million, while its urban area, roughly coinciding with its administrative province and the bordering Province of Monza and Brianza ,...
WroclawWroclaw
Wrocław , situated on the River Oder , is the main city of southwestern Poland.Wrocław was the historical capital of Silesia and is today the capital of the Lower Silesian Voivodeship. Over the centuries, the city has been part of either Poland, Bohemia, Austria, Prussia, or Germany, but since 1945...
MunichMunich
Munich The city's motto is "" . Before 2006, it was "Weltstadt mit Herz" . Its native name, , is derived from the Old High German Munichen, meaning "by the monks' place". The city's name derives from the monks of the Benedictine order who founded the city; hence the monk depicted on the city's coat...
ParisParis
Paris is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...
Asia Pacific
AucklandAuckland
The Auckland metropolitan area , in the North Island of New Zealand, is the largest and most populous urban area in the country with residents, percent of the country's population. Auckland also has the largest Polynesian population of any city in the world...
BangkokBangkok
Bangkok is the capital and largest urban area city in Thailand. It is known in Thai as Krung Thep Maha Nakhon or simply Krung Thep , meaning "city of angels." The full name of Bangkok is Krung Thep Mahanakhon Amon Rattanakosin Mahintharayutthaya Mahadilok Phop Noppharat Ratchathani Burirom...
BeijingBeijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
MelbourneMelbourne
Melbourne is the capital and most populous city in the state of Victoria, and the second most populous city in Australia. The Melbourne City Centre is the hub of the greater metropolitan area and the Census statistical division—of which "Melbourne" is the common name. As of June 2009, the greater...
MumbaiMumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
New DelhiNew Delhi
New Delhi is the capital city of India. It serves as the centre of the Government of India and the Government of the National Capital Territory of Delhi. New Delhi is situated within the metropolis of Delhi. It is one of the nine districts of Delhi Union Territory. The total area of the city is...
ShanghaiShanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
SingaporeSingapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
SydneySydney
Sydney is the most populous city in Australia and the state capital of New South Wales. Sydney is located on Australia's south-east coast of the Tasman Sea. As of June 2010, the greater metropolitan area had an approximate population of 4.6 million people...
TokyoTokyo
, ; officially , is one of the 47 prefectures of Japan. Tokyo is the capital of Japan, the center of the Greater Tokyo Area, and the largest metropolitan area of Japan. It is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family...
Notable former employees
- Jim Lawrence - Chief Executive Officer, Rothschild North America
- Richard KochRichard KochRichard Koch is a former management consultant, entrepreneur, and writer of several books on how to apply the Pareto principle in all walks of life. Koch has also used his concepts to make a fortune from several private equity investments made personally. Koch’s investments have included...
- author and entrepreneur - Damon BuffiniDamon BuffiniDamon Buffini is an English businessman, who used to head the private equity company Permira.-Biography:Born in Leicester in 1962, the son of an African American serviceman and a British woman, he was educated at the Gateway school in Leicester...
- Managing Partner, PermiraPermiraPermira is a United Kingdom-based private equity firm with global reach. The firm advises funds with a total committed capital of approximately €20 billion.... - Boris JohnsonBoris JohnsonAlexander Boris de Pfeffel Johnson is a British journalist and Conservative Party politician, who has been the elected Mayor of London since 2008...
- journalist, MP and Mayor of London (with the company for one week) - Richard FullerRichard Fuller (politician)Richard Fuller is a British Conservative Party politician. He was elected at the 2010 general election as the Member of Parliament for Bedford, where he was born.-Early life:...
- Member of ParliamentMember of ParliamentA Member of Parliament is a representative of the voters to a :parliament. In many countries with bicameral parliaments, the term applies specifically to members of the lower house, as upper houses often have a different title, such as senate, and thus also have different titles for its members,...
for BedfordBedford (UK Parliament constituency)Bedford is a parliamentary constituency represented in the House of Commons of the Parliament of the United Kingdom. The seat was established in its current form in 1997, restoring a centuries old name. It elects one Member of Parliament by the first-past-the-post system of election... - Reinhard Gorenflos - Managing Director, Kohlberg Kravis Roberts
- Tim Sims - Managing Partner, Pacific Equity PartnersPacific Equity PartnersPacific Equity Partners is a private equity investment firm focusing on leveraged buyout and growth capital transactions primarily in Australia and New Zealand...
- Robert Boyle - Commercial Director, British AirwaysBritish AirwaysBritish Airways is the flag carrier airline of the United Kingdom, based in Waterside, near its main hub at London Heathrow Airport. British Airways is the largest airline in the UK based on fleet size, international flights and international destinations...
- Philip Goulding - Chief Financial Officer, Allegheny EnergyAllegheny EnergyAllegheny Energy is an electric utility headquartered in Greensburg, Pennsylvania. It owns and operates electric generation facilities and delivers electric services to customers in Pennsylvania, West Virginia, Maryland, and Virginia...
- Coline McConville - CEO, Clear ChannelClear channelA clear-channel station is an AM band Radio station in North America that has the highest protection from interference from other stations, particularly concerning night-time skywave propagation. Usually known as class A stations since 1982, they are occasionally still referred to by their former...
Europe - Olivier Duha - Co-founder and Co-chairman, WebHelp France
- Christian Purslow - Co-founder of MidOcean PartnersMidOcean PartnersMidOcean Partners is a private equity firm specializing in leveraged buyouts, recapitalizations and growth capital investments in middle-market companies...
and managing director of Liverpool Football Club