Company type | Partnership |
---|---|
Industry | Management consulting |
Founded | 1983 |
Founder | James Lawrence, Iain Evans, Richard Koch |
Headquarters | 75 State Street, Boston, Massachusetts, United States |
Number of locations | 21 |
Key people | Iain Evans, Global Chairman |
Revenue | US$800 million (2021) |
Number of employees | c.2,100 (2023) |
Website |
www |
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]
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, 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]
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.