He believed that if his firm always strove to do what was best for its clients, it would in turn end up working out well for the firm. The firms projects include cross-functional support at the corporate, franchise, and product levels for pharmaceutical, biotech, medical device, and diagnostics companies worldwide. Their focus is to plan and deliver new IT methods, designed specifically for each client to grow and maximize the value of their projects. While these boutique firms may be smaller in size, the niche markets they work in allow them to become extremely proficient at what they do. 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. Teneo was founded in June 2011 by Declan Kelly, Paul Keary, and Doug Band and currently has more than 1,450 employees located in 40 offices. If you want to feel good about the consulting work you do, Bridgespan is the company for you. Featuring a visionary startup mindset and the engineering prowess of an industry veteran, Publicis Sapient is a unique, creative digital transformation firm thats upping the game for IT services. Notably, it was the first consulting firm dedicated to methodically applying rigorous microeconomic thought to litigation and regulatory matters. With over a centurys worth of experience, nearly 4,000 global team members, and 25 locations including global subsidiaries, CohnReznick LLP serves clients in 30 different industries through an integrated team of advisory, assurance, and tax professionals. The "doing what is right" credo permeates its firm culture, leading Kenway to continually be included in the top ranks of best companies for work-life balance listings. Professional services network Deloitte Touche Tohmatsu Limited (commonly referred to as simply Deloitte) continues to set the bar high for services including analytics and cloud computing. We strive to bring a new approach to consulting with original ideas that deliver a meaningful impact. Digital transformation and consulting firm Capgemini works to bring innovative solutions to corporate clients around the world. #9 in informal team training. The firm boasts a workforce of more than 14,000 professionals who provide guidance to public, private, and non-profit organizations of all sizes. 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. The firm has experienced professionals in almost 20 industry groups who consult on nearly every aspect of business, from finance and technology to operations and compliance as well as risk mitigation, mergers and acquisitions, strategy, cybersecurity and workforce management. 12. Bain has received many awards and accolades, including being named to the top three of Glassdoors 2022 Best Places to Work list. 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. Putnam Associates is a specialist firm serving primarily in the healthcare sector. In 2019 and 2020, Gartner stated that Deloitte was the No. Clarkston is a business and technology consulting firm based in North Carolina. ADL is also an innovator of business strategy and operations research, which it has honed during its more than 130-year history. Founded in 2014, Kalleid is a boutique laboratory IT consulting firm working across the value chain in R&D . Among other awards, they were recognized in the 2021 Vault Consulting 50 list of top employers. Keystone combines the strategic insights of leading academic experts from Harvard, Stanford, MIT, Wharton, and other top universities with the practical industry expertise of its accomplished network of professionals to deliver extraordinary impact. McKinsey & Company This includes designing strategy and implementing plans and performance measures for multi-million-dollar donations. Liked by Brittany Warren. The firm has received many awards for its workplace equality, global culture, and environmental records, including the Human Rights Campaign Award for Workplace Equality Innovation. The firm focuses on delivering integrated solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. Some of its clients have included the Department of the Treasury, Department of Justice, NASA, and more. It is the nations leading healthcare advisory firm and has an unparalleled breadth of capabilities and depth of experience. Headquarters: New York, NY. Founded in 1982 as Forensic Technologies International, Ltd, FTI operates in just under 30 countries with an employee base of more than 6,200. Headquartered in Brussels, Belgium, Arthur D. Little (ADL) is an international management consulting firm with over a century of heritage. was awarded the Queen's Award for Enterprise for international trade and export. Feb 8, 2023. 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. Its hard to find something at which this star of professional advising is less than excellent, from business strategy and data analytics to risk assessment and enterprise technology, with the firms AI Institute being a standout in the world of artificial intelligence research and development. According to an article in Supply Management, a study conducted by Transparency Market Research suggests that the logistics market will be worth US$15.5 trillion by 2023. It is proud to have established relationships spanning over two decades or longer with public and private corporations, private equity firms, their portfolio operations groups, and portfolio companies. These are the companies leading some of In a recent press release, Big Four accounting and professional services firm Deloitte announced the acquisition of Cupertino, California-based cloud security posture management provider CloudQuest. Headquarters: Waltham, MA. Cornerstone Research works with attorneys on commercial litigation cases. The Keystone Group. The Bridgespan Group is a U.S. nonprofit organization launched in 1999 and based in Boston, Massachusetts that provides management consulting to nonprofits and philanthropists. "The ethos at Back Bay has always been about the nurturing of clients and teammates with equal . Back Bay Life Science Advisors. Since 2018, Cognizant has also been at the forefront of using blockchain technologies to facilitate secure data sharing between companies. Bench Wing is a management consulting firm focused on improving the performance of life science brands and companies. getty. That's why the globally acclaimed multinational firm provides data driven risk advisory services and insurance solutions to its clients. This means there is room for career growth and development in the firm. 2. In 2021, Putnam received numerous top honors, including being ranked by Vault as the #1 Consulting Firm for Health and Wellness. The firm was formed as a merger of equals between London-based Willis Group Holdings plc and Arlington, VA-based Towers Watson & Co. in early 2016. The firm was founded in 1886 and formally incorporated in 1909 by Arthur Dehon Little, a scientist instrumental in developing chemical engineering at the Massachusetts Institute of Technology (MIT). The firm's roots stretch back to the first decade of the twentieth century, after one of its founders studied railroad risk and insurance needs by spending 30 days riding the rails. The goals of Darby on project include reducing project backlog for clients, accelerating project completion, and reducing cost by time management. Since 2009, Global Competition Review has included Bates White in its annual "Economics 20" for top antitrust and competition economics consultancies every year. It is known for its strong client focus, an emphasis on teamwork, unwavering integrity, mutual respect, and a constant striving for excellence. Today, it's known simply as Marsh, a subsidiary of Marsh McLennan. L.E.K. Going to bat against the likes of Bain, McKinsey, and BCG, as well as other strategy consulting offshoots for Big Four firms, EYP often rises above its competitors in industry rankings by honing in on its ambitious corporate strategy and private equity undertakings. The cost of the consulting services is usually less than MBB, but occasionally more. Booz Allen Hamilton They teach foundational skills to succeed both at ClearView and beyond. Founded in 1990, Insigniam handles enterprise-scale transformation, transformational leadership, and managing change as a leading management consulting firm. 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. Putnam focuses solely on the life science industries, allowing us to provide unparalleled depth, experience and insight into our client's most . They help provide corporations, governments, and other types of organizations with analytics, insights, and counsel on a wide variety of matters. Grant Thorntons award-winning, people-first culture prioritizes mentorship and colleague care, and the firm continuously reviews and enhances its benefits to ensure it promotes work-life balance and strengthens every aspect of its colleagues health. The gender gap in the healthcare industry has always been a looming indicator of societal inequalities for women in the workplace. However, this term boutique is up for interpretation. BCG boasts expertise in a wide array of industries, including aerospace and defense, automotive, oil and gas, consumer products, and more. Primarily by providing strategy consulting and leadership development. The IT Services Report is pleased to announce The Top 25 Women Leaders in Cybersecurity IT Services of 2021. Insigniams organization transformation service holds a core value proposition of enabling clients to build a bond and collaboration amongst their people. Just as some companies retain the names of long-gone . #10 in firm culture. In addition, as of 2020, PwC US has been on Fortune's 100 Best Companies to Work For in the US for 16 years. Insight Sourcing has been recognized as one of Americas fastest growing private companys for eleven years in a row. Barrett, The Honors College . The firms commitment to client relationships is only matched by a commitment to its people. The following year, L.E.K. Insigniam partners with its clients to blend inherent business insights with its expert, unique methods for alternative thinking, sculpting behavior, and execution of results. Heres our list of the top 10 boutique consulting firms in the US for you to check out. Career paths are also not as defined at the smaller boutique consulting firms. Since the firms founding just after the turn of the century, it has provided guidance for more than 450 health systems, hospitals, and academic medical centers as well as approximately 400 colleges, universities, and research institutions and over 125 life sciences organizations. Headquarters: New York, NY. Remarkably, Marsh's $5.98 billion in 2016 revenue accounted for 45% of the parent company's total fiscal year revenue. Among the firms many awards, Booz Allen is a three-time honoree of the Worlds Most Ethical Companies award from the Ethisphere Institute. 6. With more than 800 risk, claims, safety, and industry-specific specialists in more than 40 countries around the globe, Marsh is primarily concerned with representing commercial interests searching for insurance coverage. This includes IT project & portfolio management, systems design, and software/hardware deployment. 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. 34. Top Boutique Consulting Firms Putnam Associates - Boston Massachusetts Putnam Associates is a specialist firm serving primarily in the healthcare sector. Headquarters: Washington, D.C. Bates White Economic Consulting is a privately-held consulting firm specializing in advanced economic, financial, and econometric analysis for law firms, corporations, and government agencies. The firm partners with clients to provide data-driven, actionable insights designed to drive growth, enhance profits, increase value, and make better investment decisions. The firm was named a Top 40 boutique firm in 2022, and due to an increase in participating companies in 2023, Vault increased its rankings to profile the 50 leading consulting organizations across . Founded in 1999 by Charles Bates and Halbert White, the firm currently has one office in Washington, D.C., with nearly 300 employees. Animals and Pets Anime Art Cars and Motor Vehicles Crafts and DIY Culture, Race, and Ethnicity Ethics and Philosophy Fashion Food and Drink History Hobbies Law Learning and Education Military Movies Music Place Podcasts and Streamers Politics Programming Reading, Writing, and Literature Religion and Spirituality Science Tabletop Games . In addition to financial success, the firm frequently receives top accolades from the likes of Fortune, The Financial Times, and Vault. Putnams clients are very diverse, from small start-ups to fortune 500 companies. In todays world of consulting, you will find that not all firms are created equal. 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. Protiviti Headquarters: Boston, MA. It operates as an extensive network of firms in 145 countries with an employee base of more than 236,000. Boutique consulting firms are management consulting firms that tend to specialize in an area of expertise or have close connections to local clients. Bates White Economic Consulting Since being founded in 1983 by three Bain & Company partners James Lawrence, Iain Evans, and Richard Koch L.E.K. Bain & Company is a global management consulting firm headquartered in Boston, Massachusetts, and with 63 offices in 38 countries around the world. Eagle Hill Consulting. Headquarters: Chicago, IL. A boutique life science strategy consulting firm are looking for an experienced, entrepreneurialSee this and similar jobs on LinkedIn. Headquarters: Boston, MA. This company was founded specifically to address this market, and have been leaders in life science consulting since. Pharma consultancy Putnam Associates rebranded Putnam last year made headlines in 2019 when it was acquired by healthcare giant UDG in an $88 million deal, which has allowed Putnam to strengthen its foothold in the rapidly expanding life sciences industry. #8 in best overall business outlook. Headquarters: Boston, MA. 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. 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. Publicis Sapient has a fascinating history of collaboration and cross-pollination with its French parent company, Publicis, and its fellow subsidiary Sapient Razorfish. 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. With an entry deadline of June 30, 2022 and winners announced in the fall, the program provides a platform for organizations to communicate their ESG stories and be recognized for their accomplishments whether they are just starting their ESG journey or are well on their way. It now boasts over 30,000 employees, 130+ offices around the globe, and more than $10 billion in annual revenue, making it the biggest pure consulting firm in the world. Its clients have included Lehman Brothers, HealthSouth, Tribune Company, Warnaco, Interstate Bakeries, Target, Darden Restaurants, and Arthur Andersen. 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. Strategic Communications handles public relations services for customers managing financial, regulatory and reputational challenges. McKinsey & Company. With headquarters in McLean, Virginia in the Greater Washington, D.C. area and 80 other global offices, Booz Allen is made of approximately 29,200 engineers, scientists, software developers, technologists, and consultants. Meanwhile, Putnam has also become the strategic partner of choice for venture-backed biotech companies, franchises, and a range of others in the life sciences space. Headquarters: New York, NY. The award is given for outstanding papers on corporate finance published in the Journal of Finance. Bain & Company is a global management consulting firm headquartered in Boston, Massachusetts, and with 63 offices in 38 countries around the world. 10. TPG hires consultants with backgrounds in industrial engineering, commerce, and general business. 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. Founded in 1965, CRA offers economic, financial, and strategic expertise to major law firms, corporations, accounting firms, and governments around the world. Founded in 1973, Bain is one of the Big Three management consultancies (along with McKinsey & Co. and Boston Consulting Group). No other firm in the world has as much consulting prestige as McKinsey & Company. Among its services, PwC offers its clients tax, audit, insurance, and consulting services in the fields of aerospace, defense, automotive, banking, health, insurance, and technology, among others. EYP arms C-suites with strategic guidance in a wide swath of industries, including private equity, consumer products, education, financial services, healthcare, information and media, advanced manufacturing, life sciences, oil and gas, and technology. Copyright:The Top 50 Consulting Firms of 2022 publication is copyrighted material, produced and published by The Consulting Report. The firm has held a leadership position in community investment for more than 35 years and a 15-year commitment to the cleantech and renewable energy industries. ZS Associates With headquarters in Armonk, New York and more than 10,000 employees, IBMs consulting branch IBM iX is now one of the largest digital and design consultancies worldwide, with roughly 60 studios as well as wide-reaching global network of strategists, designers, developers, and data architects leveraging deep industry and ISV expertise. Along with Deloitte, EY, and KPMG, PwC is recognized for being one of the Big Four accounting firms. Since then, Protiviti has expanded rapidly, reporting revenue that surpassed the $1 billion mark for the 2019 fiscal year. CohnReznicks history of social advocacy has helped strengthen housing policies and paved the way for emerging industries like cannabis. At the time, the firm was known as Marsh & McLennan. 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. Headquarters: San Francisco, CA. The main industries it focuses on is consumer products, retail, and life sciences. 1 consulting service provider worldwide by revenue. KPMGs three primary lines of services cover financial audit, tax, and advisory concerns, with its tax and advisory services further divided into a number of specific service groups. PricewaterhouseCoopers The Chartis Group With revenues of $1.97 billion, 51 offices, and more than 9,000 problem-solvers across the U.S., the firm is also the largest member of the Grant Thornton International Ltd global network. The services DayBlink provides include cybersecurity, finance effectiveness, performance improvement, and automation implementation. The operation of CSGs business is characterized by The CSG Way, an environment that emphasizes teamwork, communication, and consistent high-quality work. EY Parthenon Willis Towers Watson (now called WTW) is the third largest insurance broker in the world, operates in more than 140 countries, and has a workforce of more than 45,000 employees. ClearView works with its clients to create actionable strategic insight into product planning, pricing & and market analysis, and marketing strategy. Headquarters: Washington, D.C. FTI Consulting, headquartered in Washington, D.C., is counted among the largest financial consulting firms in the world, typically ranking highly in consulting firm industry listings. This includes placing in Best Places To Work In Chicago in 2020 and 2021 and being honored as one of the Best and Brightest Companies to Work For by the National Association for Business Resources for four consecutive years. Eagle Hill prides themselves in being a community of consultants, rather then being a traditional agency. Headquarters: New York, NY. Whether massive global firms or small boutiques, clients rely on these firms for revenue growth, operational improvements, human capital management, and digital transformation, among many other services. While this years awardees offer their services across a wide variety of sectors and geographies, and often have very different methods of approaching the problems they solve, what they do have in common is the ability to produce results for their clients. 29. 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. With over 1,400 employees and 21 offices worldwide, the firm brings in roughly $500 million in annual revenue. This merger was a bold gambit from a Big Four contender to step up its value chain efforts, moving beyond audit services to embark on new business ventures and give its clients various new points of entry. This includes strategy development for biopharmaceutical, biotechnology, diagnostics, and related fields. Grant Thornton LLP is one of Americas largest audit, tax and consulting firms. The firm is also committed to sharing its diversity and equity values, as well as its environmental, social, and governance practices. The acquisition valued Kroll at just north of $4 billion. Keystones rich expertise in strategy, economics, data analysis, product development, intellectual property, and antitrust make it stand out in the consulting industry. Headquartered in Waltham, Massachusetts, RTX researches, develops, and manufactures advanced technology products in the aerospace and defense industry including aircraft engines, cybersecurity, guided missiles, air defense systems, satellites, and drones. Top firms in this area of consulting are: ZS Associates, Mckinsey & Company, Deloitte, Bain and Company, QuintilesIMS, Huron, Capgemini Consulting, etc. We work with more than three-quarters of the Fortune Global 500, as well as with the most influential governmental and non-profit organizations. 9. 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