Headquarters: Arlington, VA. Willis Towers Watson Public Limited Company is a British-American multinational risk management, insurance brokerage, and advisory firm with roots dating back to 1828. 26. The firms clients include a broad range of operating companies in the life sciences, from medical device and pharmaceutical companies to investors in the life sciences fields. The firms founders, Tony Alvarez II and Bryan Marsal, have led the firm in a fact-driven and action-oriented manner, sharing duties as co-Chief Executive Officers and working to help clients turn areas of stagnation into growth to achieve sustainable results. Boston Consulting Group The acquisition valued Kroll at just north of $4 billion. Founded in 1989, Cornerstone Research is a litigation consulting firm based in San Francisco, California. CRA provides a wide range of solutions to organizations in communications, retail and distribution, life sciences, energy, and other industries, and its services include analytics, forensic accounting, mergers and acquisitions, and more. The award is given for outstanding papers on corporate finance published in the Journal of Finance. Its main sectors being financial services, public services, and life sciences. The goals of Darby on project include reducing project backlog for clients, accelerating project completion, and reducing cost by time management. Kearney is a leading global management consulting firm with more than 4,200 people working in more than 40 countries. Remarkably, Marsh's $5.98 billion in 2016 revenue accounted for 45% of the parent company's total fiscal year revenue. As a company, ClearView values and invests in employee development and leadership training. It has consistently been the #1 most valued brand in the consulting industry and is associated with cutting-edge strategic approaches. Please join us in celebrating The Top 50 Consulting Firms of 2022. The gender gap in the healthcare industry has always been a looming indicator of societal inequalities for women in the workplace. The Brattle Group As for exit opportunities, I do not see much differentiation. Some firms are very small and specialized, and others are massive and have their hands in every business sector imaginable. Recognized as the fourth-largest privately owned firm in the U.S., PwC's global revenues were a whopping $42.4 billion for the 2019 fiscal year. Cornerstone Research works with attorneys on commercial litigation cases. LIFE SCIENCES CONSULTING SERVICES Clarkston offers a broad suite of services to our clients in life sciences including strategy, innovation, and mergers and acquisition advisory, sales and marketing, supply chain, quality and regulatory, clinical R&D, SAP and technology consulting. The firms current name is intended to communicate the value of helping customers on both the clinical and commercial side. The firm teams up with a multitude of Fortune 50 technology companies as well as global consumer brands such as Facebook, GE, Intel, Roche, Amazon, Microsoft, and Oracle. Crowe LLP is a public accounting, consulting, and technology firm headquartered in Chicago and with offices around the world. #10 in firm leadership. Since 1926 when James O. McKinsey, a University of Chicago professor, opened a consulting office in Chicago, the firm has provided strategic advice to corporations and other organizations. Regardless of location or rank, our consultants are down to earth, approachable, and have a shared passion for doing innovative client work that provides clear benefits to the organizations we work with in both the short and long term. Headquarters: Boston, MA. CSG Government Solutions It is the nations leading healthcare advisory firm and has an unparalleled breadth of capabilities and depth of experience. 20. The cost of the consulting services is usually less than MBB, but occasionally more. Orlaithe Consulting LLC is a boutique consulting firm that specializes in assisting biopharmaceutical, medical device, and life science clientele with their federal contracting needs by minimizing exposure to risk, creating robust compliance programs, developing competitive pricing strategies, and providing high-quality contractual deliverables. They offer training opportunities both in class format, and on-the-job training. The global logistics market is continuously changing due to technological innovation, sustainability efforts, need for goods and materials, the emergence of new markets, and mergers and acquisitions. The firms commitment to client relationships is only matched by a commitment to its people. In June 2021, Capgemini partnered with Sanofi, Orange & Generali to launch Future4care, a European start-up accelerator focused on digital healthcare. Over the years, CSG has attracted many of the most respected senior experts in the government programs they serve. It specializes in helping clients to affect the greatest possible change with their charitable donations, and advises clients against spreading donations too thinly so "that they have no real impact. Headquarters: Boston, MA. Publicis Sapient The big . has become a major player in the global management consulting space. The Keystone Group DayBlink works with clients across multiple platforms, including early stage startups, allowing employees a unique opportunity to work with and develop companies from the beginning. The firm is committed to a culture of inclusion and diversity and a focus on community engagement. McKinsey, Boston Consulting Group and Bain & Company dominate the consulting industry, most notably the field of strategy as Forbes highlights in its annual US consulting ranking. Headquarters: New York, NY. McKinsey & Company Kearney is a partner-owned firm with a distinctive, collegial culture that transcends organizational and geographic boundariesand it shows. It has also been the recipient of numerous awards and recognitions, including being named one of Modern Healthcares Best Places to Work 2021 and Best in KLAS in four different categories in 2022: Healthcare Management Consulting, Digital Transformation Consulting, HIT Advisory Services, and Financial Improvement Consulting. Insigniams organization transformation service holds a core value proposition of enabling clients to build a bond and collaboration amongst their people. Technology and management consulting firm Kenway specializes in technology solution delivery, enterprise program leadership, and information insight. The Consulting Report is pleased to announce The Top 50 Consulting Firms of 2022. Contact Us Our Purpose We are proud to be part of an industry that is pushing the boundaries of science and technology to improve people's lives. Headquarters: Boston, MA. While L.E.K. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world. Insight Sourcing has been recognized as one of Americas fastest growing private companys for eleven years in a row. CohnReznick recently launched its Gamechangers in ESG Awards program to recognize U.S. businesses that are changing the game through their commitment to environmental, social, and governance (ESG) strategies and practices. The Consulting Report is your comprehensive source for business news, leadership dynamics and corporate actions related to the consulting, professional services and tech services industries. The firm is a preferred thought partner to the worlds most highly valued corporations, PE firms, and government entities, guiding them in turning their most difficult obstacles into extraordinary growth and productivity opportunities. Kenway Consulting Just as some companies retain the names of long-gone . Willis Towers Watson 2023 Best Boutique Consulting Firms # 1 SCORE 9.757 2022 Rank 1 ghSMART ghSMART Founder Dr. Geoff Smart's Psychology PhD dissertation found that those private equity firms best at choosing teams made the most money. The operation of CSGs business is characterized by The CSG Way, an environment that emphasizes teamwork, communication, and consistent high-quality work. There are many reasons to consider joining a boutique, including work/life balance, firm culture, local staffing, and the ability to specialize. Back Bay Life Science Gallery . 13. Copyright:The Top 50 Consulting Firms of 2022 publication is copyrighted material, produced and published by The Consulting Report. Booz Allen Hamilton has evolved from its humble beginnings 107 years ago when it was started by Edwin G. Booz as a service offering impartial advice to then-nascent organizations such as Goodyear, Canadian Pacific Railway, and the like. Its clients include more than 200 government organizations across 47 states and territories, the U.S. Department of Health and Human Services, the U.S. Department of Labor, and large municipal governments. Back Bay Life Science Advisors. The Chartis Group is at the vanguard of healthcare, helping leading healthcare organizations navigate the future of care delivery. Crowe uses its deep industry expertise to provide audit services to public and private entities. That's good news for its client roster, which has grown steadily to include 19 of the top 20 global biopharmaceutical companies. ZS Associates The firm partners with clients to provide data-driven, actionable insights designed to drive growth, enhance profits, increase value, and make better investment decisions. With nearly 300,000 employees working from home since March 2020, Cognizant continues to expand its reputation for quality digital solutions and workplace innovation, with particular focus on its Work Ahead AI action and research initiative. No other firm in the world has as much consulting prestige as McKinsey & Company. Among its numerous awards, in 2007 L.E.K. The firm prides itself on its creative and energetic staff, cutting-edge technology and research, and its work with academic and industry experts. Headquarters: Boston, MA. Since then, Protiviti has expanded rapidly, reporting revenue that surpassed the $1 billion mark for the 2019 fiscal year. Putnams clients are very diverse, from small start-ups to fortune 500 companies. That's why the globally acclaimed multinational firm provides data driven risk advisory services and insurance solutions to its clients. For the past 20+ years, Fortune magazine has consistently included the firm in its list of the 100 Best Companies to Work For, beating out the streaks of other leading accounting firms. Initially an in-house tech unit for data analytics firm Dun & Bradstreet, Cognizant has achieved remarkable growth over the past decades, rising to the top 200 of the Fortune 500 list last year. Back Bay also ranked #24 in the Vault Consulting 50, Vault's signature list of the best consulting firms to work for and ranked in the top three pure healthcare firms included on the list. Founded in 1991 by Andy Rolfe, who formerly worked for Andersen Consulting, The Keystone Group is a results-oriented management consulting firm serving mid-market manufacturing and distribution clients and their stakeholders. 18. Raytheon Technologies Equipped with an expertise in human behavior, he and his early colleagues went on to advise private. TPG hires consultants with backgrounds in industrial engineering, commerce, and general business. Back Bay Life Science Advisors Ranked Among Top Five Best Boutique Consulting Firms Nationwide. The attorneys on these cases often times need expert consultants to help breakdown and understand complex economic or financial issues. Boston Consulting Group (BCG) is a global management consulting firm and one of the Big Three management consultancies. Headquarters: New York, NY. NERA Economic Consulting KPMG provides adept consultation for highly varied situations. These boutique consulting firms can be great opportunities to develop an expertise in a specific sector. As of 2019, EYs strong U.S. presence has made it into the seventh-largest privately owned organization in the nation. Insights clients are often in the private equity industry, and also Fortune 1000 companies looking to improve their sourcing and procurement performances. Grant Thornton LLP The firm is specifically a titan in the fields of corporate finance and restructuring, economic consulting, forensic and litigation consulting, strategic communications, and technology. The firms extensive client base spans an impressive 16 different industry sectors: banking and capital markets; insurance; investment management; building, construction, and real estate; alternative investments; industrial manufacturing; retail; food, drink, and consumer goods; energy, natural resources, and chemicals; government and public sector; healthcare and pharmaceuticals; technology; high growth mid-market and venture capital; media and telecommunications; private equity; and high growth emerging markets. Eagle Hill Consulting. While the firm offers a wide range of consulting services, it is best known for its work within banking and financial services. Notably, it was the first consulting firm dedicated to methodically applying rigorous microeconomic thought to litigation and regulatory matters. EY Parthenon, with the well-known shorthand of EY-P or EYP, is Ernst & Young's global strategy consulting division. The analyst pay commensurate with that is usually less than for MBB firms. From the firms outset, it has specialized in and set the operational standard for steering fact-based strategy and implementation. As such, its consultants use hard economic data to make their case, drawing on the firms expertise in fields like statistics and computer science. 31. If we had to choose a "one-stop-shop" category, this would be it. Often times boutique consulting firms wont have the same type of training and development programs available. Based on nominations and our further proprietary research, we have selected the 50 best firms. Global consulting firm Huron Consulting pledges to deliver sustainable, long-lasting results to its clients, providing deep expertise in advisory services covering technology, strategy, operations, and analytics to drive results in industries such as higher education, healthcare, commerce, and life sciences. Clarkstons services to clients include strategy & innovation consulting for sales and marketing, project and program management, and new system implementation. Career paths are also not as defined at the smaller boutique consulting firms. As one of the top-rated boutique consulting firms, Clarkston Consulting has a solid and well-defined history of success in terms of service and clients served. Within life sciences, ClearView Healthcare Partners segments its clients into four main groups: Pharmaceuticals Biotechnology Medical devices Diagnostic clients In the 2022 Vault Consulting 50, ClearView Healthcare Partners was ranked #17 overall, which is a drop from its #7 ranking in 2021. In 2021, Putnam received numerous top honors, including being ranked by Vault as the #1 Consulting Firm for Health and Wellness. At the top of consulting firms are MBB consultancies - McKinsey, BCG, and Bain - along with the consulting divisions of the Big 4 accounting firms - Deloitte, PwC, KPMG, and EY. The Consulting Report. The firm has followed the trends of the sector by augmenting its service portfolio to include markets adjacent to accounting, adding strategy, operations, HR, technology, and financial services consulting. Headquarters: Boston, MA. In recent history, FTI is known to have had the biggest restructuring business in the U.S. FTIs five business segments cover a broad range of services. Headquarters: New York, NY. The IT Services Report is pleased to announce The Top 25 Women Leaders in Cybersecurity IT Services of 2021. Headquarters: New York, NY. 49. The firm also offers guidance and support to organizations as they navigate the changes transforming their industries and businesses. Established in 1997, CSG recently celebrated 25 years serving as a trusted advisor to the public sector. In fact, it serves more than 80% of the worlds largest 100 financial institutions and in 2021 it reported $2.5 billion in annual revenue. Posted 2:53:34 PM. 2. Grant Thornton LLP is one of Americas largest audit, tax and consulting firms. Headquarters: New York, NY. 34. The good news for you is that there are quite a few top-notch boutique consulting firms across the country. The services offered include helping companies identify, measure, and manage operational and technology-related risks as well as providing internal audit services, technologies, and skills for business risk management throughout the world. Founded in 2014, Kalleid is a boutique laboratory IT consulting firm working across the value chain in R&D . This includes the 2018 acquisition of Kroll, which was used in the firm's renaming process that was completed in 2022. Bain & Company is a global management consulting firm headquartered in Boston, Massachusetts, and with 63 offices in 38 countries around the world. Kx Advisors. The rapid, widespread embrace of remote work policies driven by the COVID-19 pandemic has placed cybersecurity as a focal point of business success. IBM iX provides hybrid data management solutions powered by AI that carry the advantages of a modernized information architecture, simplifying data collection and management as well as making processes smarter with automation containerization built on open platforms. This year, IBM teamed up with the USTA to deliver all-new, all-virtual signature experiences for the U.S. Open, leveraging both IBM Watson and IBM Cloud. Since 1983, when NERA was acquired, it has remained a part of the Oliver Wyman Group, a subsidiary of Marsh & McLennan Companies, Inc. The firm has leveraged its substantial consulting prowess in a number of high-profile, media-centric cases, including the investigation into the Bernard Madoff fraud, the Lehman Brothers and General Motors bankruptcies, the Bush v. Gore case, and the Major League Baseball steroid investigations of January 2020. Their focus is to plan and deliver new IT methods, designed specifically for each client to grow and maximize the value of their projects. The firms banner Technology Solution Delivery capability is how it enables people and processes via strength of technology. Headquarters: Morrisville, NC. Feb 1, 2023. . The feel and atmosphere of a boutique consulting firm will also be quite different then working for a firm such as McKinsey, Deloitte, or BCG. In addition to consulting, Bridgespan makes case studies freely available on its website and publications. In addition, as of 2020, PwC US has been on Fortune's 100 Best Companies to Work For in the US for 16 years. The services DayBlink provides include cybersecurity, finance effectiveness, performance improvement, and automation implementation. The top firms in this category are: Advancy, EY-Parthenon, Strategy&, Kearney, LEK, OC&C, Oliver Wyman, Roland Berger, and PwC Strategy&. By the latest reckonings, Tata Consultancy Services (TCS) is the largest and most valuable IT services provider in the world. Headquartered in New York City, Mercer exudes a large global presence, with more than 25,000 employees operating in more than 130 countries. The following year, L.E.K. 90% of the hospitals on the "Best Hospitals Honor Roll by U.S. News & World Report work with the firm, and it serves more than 600 healthcare organizations annually. Headquarters: Menlo Park and San Ramon, CA. In a world changing faster than ever in nearly every respect, from technologically to culturally, consulting firms serve as an indispensable partner for any organization navigating its path to success. Mbb, but occasionally more is given for outstanding papers on corporate finance published in private. Quot ; one-stop-shop & quot ; one-stop-shop & quot ; one-stop-shop & quot ;,. Wide range of consulting services is usually less than MBB, but occasionally more join us in celebrating the 50. 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