L.E.K. Consulting: Difference between revisions
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==Alumni== |
==Alumni== |
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* [[Damon Buffini|Sir Damon Buffini]] |
* [[Damon Buffini|Sir Damon Buffini]] – former managing partner, [[Permira]]; Governor, the [[Wellcome Trust]] foundation. |
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* [[Richard Fuller (Bedford MP)|Richard Fuller]] |
* [[Richard Fuller (Bedford MP)|Richard Fuller]] – [[Member of Parliament]] for [[Bedford (UK Parliament constituency)|Bedford]] |
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* [[Samer Hamadeh]] |
* [[Samer Hamadeh]] – co-founder and former CEO of Vault.com |
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* [[Richard Koch]] |
* [[Richard Koch]] – author and entrepreneur |
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* [[Kevin A. Mayer]] |
* [[Kevin A. Mayer]] – former executive of [[The Walt Disney Company]]; former [[Chief Executive Officer|CEO]], [[TikTok]]; chairman, [[DAZN Group]]<ref>{{cite news |last1=Sherman |first1=Alex |title=Kevin Mayer talks about his disappointing departures at Disney and TikTok, and the long decline of pay TV |url=https://www.cnbc.com/2021/03/17/kevin-mayer-on-leaving-disney-and-tiktok-joining-dazn-pay-tv-decline.html |access-date=15 July 2021 |work=CNBC |date=17 March 2021}}</ref> |
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* [[Christian Purslow]] |
* [[Christian Purslow]] – co-founder of [[MidOcean Partners]] and managing director of [[Liverpool Football Club]] |
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* [[Boris Johnson]] |
* [[Boris Johnson]] – Prime Minister of United Kingdom; resigned after one week in 1987<ref>{{cite news |last1=Slatterly |first1=Laura |title=Tokyo 2020 helpers, Aston Martin potholes and Boris Johnson’s number 10 dream |url=https://www.irishtimes.com/business/economy/tokyo-2020-helpers-aston-martin-potholes-and-boris-johnson-s-number-10-dream-1.3967112 |access-date=15 July 2021 |work=The Irish Times |date=26 July 2019}}</ref> |
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* [[Polly McMaster]] |
* [[Polly McMaster]] – CEO and co-founder - The Fold |
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==References== |
==References== |
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Revision as of 22:45, 15 July 2021
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| Company type | Partnership |
|---|---|
| Industry | Management consulting |
| Founded | 1983 |
| Headquarters | London, England |
Key people | Iain Evans, Global Chairman Stuart Jackson, Global Managing Partner |
| Products | Management consulting services, including strategy, private equity, mergers & acquisitions, life sciences, and retail |
Number of employees | 1,600 employees worldwide[1] |
| Website | www |
L.E.K. Consulting is a British management consulting firm. Founded in London in 1983 by three partners from Bain & Company, L.E.K operates principally in the areas of corporate strategy, mergers and acquisitions, and operations.[2] It employs a generalist model across all major industries, including defense, aviation, life sciences, healthcare, energy, entertainment, transport, retail, consumer products and financial services.[3] The company also has a private equity practice.[4]
L.E.K. employs over 1,600 individuals across 21 offices worldwide, and is the only major strategy consulting firm established in the United Kingdom.[5]
History
In 1983, three partners from Bain & Company – James Lawrence, Iain Evans and Richard Koch – founded the "L.E.K. Partnership" in London.[6] In 1993, it merged with the U.S.-based The Alcar Group[7] and rebranded to L.E.K. Consulting.[8][9]
Alcar, founded in 1979,[8] pioneered value-based management (VBM) from the mid-1980s, based on the academic work of its co-founder Professor Alfred Rappaport.[10][11] Rappaport's Creating shareholder value: The new standard for business performance was published by Free Press in 1986, in which he argued that "the ultimate test of corporate strategy, indeed the only reliable measure, is whether it creates economic value for shareholders".[12]
Some of L.E.K.'s major project milestones have included strategic and commercial advice for the U.K. government on the privatization of passenger train operating companies in the mid-1990s,[citation needed] assisting the launch of one of the world's first pure direct Internet banks in 1996,[citation needed] being the sole strategic adviser on the world's largest airline merger in 2007 and the transformation of a mid-tier global pharmaceutical company into an industry leader in 2009.[citation needed].
In 2008, L.E.K. became the first global major management consulting firm to hold carbon neutral status.[13]
L.E.K. was awarded the Queen's Award for Enterprise for export in 2007.[14] In 2018, L.E.K. Consulting was ranked the thirteenth of the "The top 15 strategy consulting firms in Asia and Asia-Pacific" by Consultancy.org.[15]
Culture
L.E.K. Consulting's board of advisors has included Sir Malcolm Rifkind and Cary Kochman.
The firm is known for a regional staffing model, where consultants travel comparatively less often than competitors.[16]
Alumni
- Sir Damon Buffini – former managing partner, Permira; Governor, the Wellcome Trust foundation.
- Richard Fuller – Member of Parliament for Bedford
- Samer Hamadeh – co-founder and former CEO of Vault.com
- Richard Koch – author and entrepreneur
- Kevin A. Mayer – former executive of The Walt Disney Company; former CEO, TikTok; chairman, DAZN Group[17]
- Christian Purslow – co-founder of MidOcean Partners and managing director of Liverpool Football Club
- Boris Johnson – Prime Minister of United Kingdom; resigned after one week in 1987[18]
- Polly McMaster – CEO and co-founder - The Fold
References
- ^ "Who is L.E.K. Consulting?". www.lek.com.
- ^ "L.E.K. Consulting - Company Profile". Vault.
- ^ "Consulting Services and Industries". L.E.K. Consulting.
- ^ "High profile Due Diligence deals win L.E.K. Private Equity award". The Consultant.
- ^ "The top UK consulting firms according to clients and consultants". Consultancy.eu. 29 January 2020.
- ^ "L.E.K. Strategy Consulting Firm Profile". Management Consulted. 5 April 2015.
- ^ "Hyperion to acquire Alcar". Silicon Valley Business Journals. 3 April 2003. Retrieved 12 July 2021.
- ^ a b "L.E.K. Consulting adds seven new partners globally". www.consultancy.uk. 22 January 2015. Retrieved 11 March 2021.
- ^ Rappaport, Alfred (13 October 1999). Creating Shareholder Value: A Guide For Managers And Investors. Simon and Schuster. ISBN 978-0-684-84456-5.
- ^ 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 academic that stood behind their work such as Dr Bill Alberts, Joel Stern and Professor Al Rappaport.
- ^ Chandra, Prasanna (2007). Financial Management. Tata McGraw-Hill Education. p. 817. ISBN 9780070656659.
- ^ "Creating Shareholder Value: The New Standard for Business Performance - AbeBooks - Rappaport, Alfred". www.abebooks.co.uk. Retrieved 9 February 2021.
{{cite web}}: CS1 maint: url-status (link) - ^ "L.E.K. Consulting to achieve carbon neutral status from 1st January 2008". Top Consultant. 5 December 2007.
- ^ "L.E.K. Consulting Company Profile". Top Consultant.
- ^ "The top 15 strategy consulting firms in Asia and Asia-Pacific". consultancy.asia. Retrieved 14 July 2021.
- ^ Murray, Seb (3 January 2017). "Inside View: L.E.K. Consulting". Business Because.
- ^ Sherman, Alex (17 March 2021). "Kevin Mayer talks about his disappointing departures at Disney and TikTok, and the long decline of pay TV". CNBC. Retrieved 15 July 2021.
- ^ Slatterly, Laura (26 July 2019). "Tokyo 2020 helpers, Aston Martin potholes and Boris Johnson's number 10 dream". The Irish Times. Retrieved 15 July 2021.
