L.E.K. Consulting
International strategy consulting firm
From Wikipedia, the free encyclopedia
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.[vague][3]
| |
 Headquarters at 75 State Street | |
| 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 |
History
In 1983, three Bain partners from London – James Lawrence, Iain Evans and Richard Koch – left and 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]