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LEK

 
#1 LEK
17/03/2009 00:29

jldsajdl

does anyone know how is LEK doing right now?

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#2 RE: LEK
17/03/2009 11:08

anon to jldsajdl (#1)

Fine. The project pipeline is well filled and the cash balance is one of the strongest in the industry. The type of work has changed dramatically though, where the majority of projects used to be PE and transaction work, this is now predominantly large strategy projecs - there is also a lot of work from the public and semi-public sector. It is good I think as it's more interesting work....;)

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#3 RE: LEK
17/03/2009 11:10

Casio to anon (#2)

Is LEK as a whole uber maths orientated, stats etc or is that limited to certain teams?

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#4 RE: LEK
17/03/2009 15:38

anon to Casio (#3)

no LEK consultants deliver in general more intelligent and substantial output than competing firms....

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#5 RE: LEK
17/03/2009 15:55

QT to Casio (#3)

It's a quant firm. That's the market niche and the selling point. It doesn't worry about competing with McKinsey, Bain or Monitor for anything related to brand strategy, marketing or culture, for example.

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#6 RE: LEK
17/03/2009 15:57

Casio to anon (#4)

I hate this focus on "substantial output".

I remember one particularly sceptical PE guy in a final feedback meeting. The second we dropped our 300+ page final report on the table his whole demeanour changed, he thumbed it, didn’t read a word, and congratulated us on our good work.

I knew no one would read even 5% of it, and that’s what makes all those late nights so hard!

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#7 RE: LEK
18/03/2009 23:06

A. non to anon (#2)

To anon,

Has the change in type of work resulted in any changes to the amount of travel or working hours?

Also, which sectors are the new strategy projects in, or is there no trend?

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#8 RE: LEK
19/03/2009 10:24

anon to A. non (#7)

Hmm, working hours are like always, and remain comparable to other top strategy firms. I guess that overall there is slightly more travelling but it's still very limited, especially during the first two years. It works for me :) I don't like working from hotel rooms ;)

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