Ignyte is a boutique firm that specializes in management and digital experience consulting. It operates as an extensive network of firms in 145 countries with an employee base of more than 236,000. 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. 41. Frequently named among the top management firms in the world, Oliver Wyman has served more than 1,000 global clients over the past 50 years. Crowe is recognized by many organizations as one of the best places to work in the U.S. As an independent member of Crowe Global, one of the largest global accounting networks in the world, Crowe serves clients worldwide. The firm's clients in this area include large multinational companies, high growth middle-market businesses, small commercial enterprises, and high net-worth private clients. It collaborates with a peerless ecosystem of partners such as Adobe, Salesforce, Samsung, Apple, and SAP to drive value and differentiation through outstanding customer experiences. 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 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 services provided by Ignyte include digital transformation, branding & digital marketing, analytics & information management, and training & change management. 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. Among the firms many awards, Booz Allen is a three-time honoree of the Worlds Most Ethical Companies award from the Ethisphere Institute. Headquarters: New York, NY. 38. Founded in 1990, Insigniam handles enterprise-scale transformation, transformational leadership, and managing change as a leading management consulting firm. Over the years, the organization has received substantial support from Bain, with whom it has maintained a close relationship. getty. Please join us in celebrating The Top 50 Consulting Firms of 2022. PricewaterhouseCoopers 43. Large logistics companies . Headquarters: Boston, MA. Founded in 1982 as Forensic Technologies International, Ltd, FTI operates in just under 30 countries with an employee base of more than 6,200. The consulting firm opened its first international office in London in 1959 and has expanded steadily since. CohnReznicks history of social advocacy has helped strengthen housing policies and paved the way for emerging industries like cannabis. 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. Kx Advisors. Forensic and Litigation Consulting covers investigative data analysis and forensic accounting services as well as construction solutions services. 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. Publicis Sapient has a fascinating history of collaboration and cross-pollination with its French parent company, Publicis, and its fellow subsidiary Sapient Razorfish. Headquarters: Morrisville, NC. From reshaping the healthcare ecosystem, to redefining how care is delivered and financed, Chartis helps its clients achieve meaningful and lasting results. Strategic Communications handles public relations services for customers managing financial, regulatory and reputational challenges. Headquarters: Chicago, IL. The Brattle Groups clients include many of the worlds best-performing and most admired companies, law firms, and industry organizations, as well as U.S. and international regulatory and government agencies. Liked by Brittany Warren. Headquarters: Menlo Park and San Ramon, CA. Putnam has strong leadership and empowers its consultants to operate and succeed. The goals of Darby on project include reducing project backlog for clients, accelerating project completion, and reducing cost by time management. 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. It is known for its strong client focus, an emphasis on teamwork, unwavering integrity, mutual respect, and a constant striving for excellence. The firms Nexia International affiliation expands its reach to more than 128 countries. With nearly 300 offices and 150 delivery centers worldwide, TCS has posted impressive financial gains even during the time of COVID-19, with operating income in excess of $6 billion as of 2021. Headquartered in New York City, the firm now has nearly 5,000 employees across 30 countries and territories. This looks like combining consulting, and design to create a new digital experience for brands and the clients it serves. 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. 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. Eagle Hill prides themselves in being a community of consultants, rather then being a traditional agency. With offices in Atlanta, Chicago, and Los Angeles, its small, experienced teams create value for clients through growth strategy, operational improvement, financial restructuring, and acquisition integration. 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. Founded in Boston, Massachusetts in 2007, ClearView Healthcare Partners is a global strategy consulting firm serving the life sciences sector. This firm is led by a former Harvard Business School professor, and previous Bain & Company alumni. Founded in 1983, Alvarez & Marsal (A&M) is a global professional services firm notable for its work in turnaround management and performance improvement of several large, high-profile businesses both in the U.S. and abroad. #9 in informal team training. Headquarters: Mumbai, India. This years awardees comprise some of the most trusted and influential professional services firms in the world. Along with Deloitte, EY, and KPMG, PwC is recognized for being one of the Big Four accounting firms. The firm has more than 500 employees across 13 offices in North America, Europe, and Asia. British-Dutch multinational professional services network KPMG International Limited, often shortened to KPMG, is well known as one of the Big Four accounting organizations. The firm and its subsidiaries also help clients make decisions that lead to lasting value with its tax, advisory, and consulting services. The firm focuses on delivering integrated solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. Often times a boutique consulting firm is small to midsize, typically meaning less then 500 employees. Keystones rich expertise in strategy, economics, data analysis, product development, intellectual property, and antitrust make it stand out in the consulting industry. The rapid, widespread embrace of remote work policies driven by the COVID-19 pandemic has placed cybersecurity as a focal point of business success. 47. L.E.K. Boston Consulting Group. Its clients have included Lehman Brothers, HealthSouth, Tribune Company, Warnaco, Interstate Bakeries, Target, Darden Restaurants, and Arthur Andersen. Top firms in this area of consulting are: ZS Associates, Mckinsey & Company, Deloitte, Bain and Company, QuintilesIMS, Huron, Capgemini Consulting, etc. FTI Consulting Consulting powerhouse Ernst & Young Global Limited, commonly referred to as EY, is a multinational professional services network with an impressive international reach that has powered its status as one of the biggest service networks in the world. Alvarez & Marsal 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. The Chartis Group consists of more than 550 talented professionals across four offices in Boston, Chicago, New York, and San Francisco with the experience and capabilities required to transform healthcare. Feb 8, 2023. Its stated mission is to build a better world by strengthening the ability of mission-driven organizations and philanthropists to achieve breakthrough results in addressing societys most important challenges and opportunities. Grant Thornton LLP Crowe LLP is a public accounting, consulting, and technology firm headquartered in Chicago and with offices around the world. The firm is also committed to sharing its diversity and equity values, as well as its environmental, social, and governance practices. The firm is fueled by a combination of cutting-edge research, state-of-the-art methods, and proven experience, and includes a diverse team of more than 800 professionals from over 50 countries. #10 in firm culture. 34. 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. 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. Cornerstone Research works with attorneys on commercial litigation cases. Consulting 80% of AmLaw 100 firms, 50% of Fortune 100 companies, and 25% of Fortune 500 companies use The Brattle Groups expert services. Since being founded in 1983 by three Bain & Company partners James Lawrence, Iain Evans, and Richard Koch L.E.K. We strive to bring a new approach to consulting with original ideas that deliver a meaningful impact. It has also been named to Working Mothers Top 100 Firms for Working Families and Women as well as to the Best Companies for Dads list. Huron Consulting specializes in helping its client organizations navigate change and economic pressures in various dynamic environments. 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. Posted 2:53:34 PM. Feb 1, 2023. BCG boasts expertise in a wide array of industries, including aerospace and defense, automotive, oil and gas, consumer products, and more. Despite the fact that women make up 70% of nurses and a large share of clinical care providers, there is an alarming gap in leadership positions filled by women Management consulting and advisory company, Teneo, has recently announced a new addition to the top tier of its team. Kearney is a leading global management consulting firm with more than 4,200 people working in more than 40 countries. There are many reasons to consider joining a boutique, including work/life balance, firm culture, local staffing, and the ability to specialize. Heres our list of the top 10 boutique consulting firms in the US for you to check out. These firms help their clients solve their biggest problems, capitalize on opportunities, and in some cases, avoid costly mistakes. 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. Tata Consultancy Services CVC Capital Partners, to which Teneo sold a majority stake in 2019 at a total valuation of around $700 million, has described Teneo's core service as "providing strategic and communications services, which covers a wide array of engagements such as customer communications, crisis management, investor relations, digital and social media consulting, executive recruitment, and litigation management.". Kroll advises clients in the key areas of valuation, corporate finance, disputes and investigations, cyber security, and regulatory issues but the firm is arguably best known for its work in administration processes. 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. Bridgespan has advised the Bill & Melinda Gates Foundation, the Ford Foundation, and Bloomberg Philanthropies. Certain industries require especially high degrees of accuracy and security, and the Science Applications International Corporation (SAIC) is the firm trusted most by governments and other entities with IT support for sensitive, high-end missions. However, this term boutique is up for interpretation. Now, it is a major management consulting and professional services firm focusing on consulting, software, and technology and provides services for clients in healthcare, private equity, and technology. 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. Back Bay Life Science Advisors Ranked Among Top Five Best Boutique Consulting Firms Nationwide. Headquarters: Boston, MA. Raytheon Professional Services (RPS) is part of Raytheon Technologies (RTX), one of the largest defense contractors in the world. As of 2019, EYs strong U.S. presence has made it into the seventh-largest privately owned organization in the nation. 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. Bench Wing is a management consulting firm focused on improving the performance of life science brands and companies. Headquarters: San Francisco, CA. The good news for you is that there are quite a few top-notch boutique consulting firms across the country. 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. Grant Thornton LLP is one of Americas largest audit, tax and consulting firms. 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. If you're applying to consulting firms, you're probably familiar with the MBB firms (McKinsey, Bain, and BCG) and the Big 4 (Deloitte, KPMG, PwC, and Ernst & Young). ZS Associates was founded in 1983 by two professors at Northwestern University who developed sales force alignment models using the worlds first personal-computer-aided territory mapping system. It is often the first firm mentioned when industry experts discuss the Big Four accounting firms, keeping competitive pace with its rivals Deloitte, KPMG, and PwC. 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. The Chartis Group is at the vanguard of healthcare, helping leading healthcare organizations navigate the future of care delivery. This means there is room for career growth and development in the firm. Stax is a global management consulting firm serving corporate and private equity clients across a broad range of industries including software/technology, healthcare, business services, industrial, consumer & retail, and education. It provides services to 420 out of 500 Fortune 500 companies, making it the second largest professional services firm in the world. While L.E.K. Boston Consulting Group (BCG) is a global management consulting firm and one of the Big Three management consultancies. The Consulting Report. If we had to choose a "one-stop-shop" category, this would be it. As a boutique consulting firm, Clarkston does a fantastic job of working to keep employee relations healthy and strong. The acquisition valued Kroll at just north of $4 billion. As for exit opportunities, I do not see much differentiation. They also usually offer fewer services, and are more specialized in what they do offer. TCS cloud platforms are fostering development across Asia, and the firms ADD Safety software was recently granted an award for using AI to radically improve pharmacological outcomes. Key Factors That Enabled Us to Include Alira Health on Our List of Top Healthcare Consulting Firms Interdisciplinary Approach Founded in 1999 by Charles Bates and Halbert White, the firm currently has one office in Washington, D.C., with nearly 300 employees. In 2021, Keystone was recognized as a top consulting firm to work for in Vault's 2021 Consulting Firm Rankings. It was named the #13 Best Consulting Firm, #4 Best Boutique Consulting Firm, and #1 for Best Firm Culture. The more specific and things that MBB doesn't do, then you might find those things outside of it. It has more than 60 offices in Europe, North America, the Middle East, and Asia-Pacific and employs over 5,000 professionals. 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. With active partner engagement, Keystones teams develop and implement recommendations to address its clients most complex business challenges. This company was founded specifically to address this market, and have been leaders in life science consulting since. The Consulting Report is pleased to announce The Top 100 IT Consulting and Services Companies of 2021. Established in 1997, CSG recently celebrated 25 years serving as a trusted advisor to the public sector. That's why the globally acclaimed multinational firm provides data driven risk advisory services and insurance solutions to its clients. 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. The firms projects include cross-functional support at the corporate, franchise, and product levels for pharmaceutical, biotech, medical device, and diagnostics companies worldwide. 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. In 2002, Protiviti was formed with the recruitment of more than 700 Arthur Andersen staffers (in the wake of its collapse), including some 50 partners of the firm. 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. Headquarters: McLean, VA. For more than a century, Booz Allen Hamilton has been a leading management consulting firm, serving military, government, and business organizations around the world. 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. The gender gap in the healthcare industry has always been a looming indicator of societal inequalities for women in the workplace. Its clients are pretty diverse, covering all levels of government, healthcare, legal, startups, financial services, and more. 8. Founded in 1963 by Bruce Henderson, BCG partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. Willis Towers Watson However, the Type A in me is obsessed with prestige and wondered . Among its numerous awards, in 2007 L.E.K. With more than 5,000 employees across 85+ offices in over 25 countries, global consulting firm Protiviti has made tremendous progress during the past two decades. It is one of the largest professional services networks in the world, with annual aggregated revenue nearing $50 billion, and the firm is highly respected for its forecasts regarding the world of technology and work. Insight Sourcing focuses almost exclusively on strategic sourcing and procurement. 13. Our list of the top 10 boutique consulting firms in the US were some we wanted to highlight, but there are many world class firms that would categorize themselves as boutique. Kaiser Associates was founded as a spin-off from Strategic Planning Associates (now Oliver Wyman) by Michael Kaiser and is now based both in Washington D.C., and London, with a third office in So Paulo. This includes designing strategy and implementing plans and performance measures for multi-million-dollar donations. The firm is committed to a culture of inclusion and diversity and a focus on community engagement. This helps to ensure that all breakthrough, innovation, and transformation initiatives are truly led by client leadership and their employees, making it clear that capabilities and competencies are to be developed in tandem within the organization. ZS has been awarded for its firm culture by Consulting magazine several years in a row and was chosen by Forbes magazine as one of Americas best management and consulting firms in 2019. Each year, the firm presents the Brattle Prize at the American Finance Association's annual meeting. 10. This includes strategy development for biopharmaceutical, biotechnology, diagnostics, and related fields. Since then, Protiviti has expanded rapidly, reporting revenue that surpassed the $1 billion mark for the 2019 fiscal year. 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. While the firm offers a wide range of consulting services, it is best known for its work within banking and financial services. 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. The firm has also made a 10-year commitment to invest more than $1 billion in pro bono services to bring its expertise and insight to organizations tackling todays urgent challenges in education, racial equity, social justice, economic development, and the environment. 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. was awarded the Queen's Award for Enterprise for international trade and export. Founded in 1973, Bain is one of the Big Three management consultancies (along with McKinsey & Co. and Boston Consulting Group). 12. Primarily by providing strategy consulting and leadership development. Crowe is driven by a workforce of more than 4,400 professionals and experts, and has been recognized by Fortunes 100 Best Companies To Work For list. Headquarters: New York, NY. Booz Allen has been consistently recognized as an industry-leader in corporate citizenship, employee empowerment, and executive leadership. About 25% of its work comes from clients in Europe and Asia and 40% has a major international component. Putnams clients are very diverse, from small start-ups to fortune 500 companies. Its clients include a significant number of the Fortune 100 and FTSE 100, as well as other corporations, financial institutions, and organizations. NERA was launched in 1961 as National Economic Research Associates. Founded in 1965, CRA offers economic, financial, and strategic expertise to major law firms, corporations, accounting firms, and governments around the world. 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. In addition, Back Bay Life Science Advisors earned notable rankings among boutique consulting firms, including: #5 in client interaction. Cornerstone Research San Francisco California, The Bridgespan Group Boston Massachusetts, ClearView Healthcare Partners Newton Massachusetts, Eagle Hill Consulting Seattle Washington, Clarkston Consulting Durham North Carolina. Capgemini operated as a small data processing firm from its launch in 1967 until its acquisitions of computer and data companies in the United States in the 1970s and 1980s. Legal, startups, financial services expanded steadily since Booz Allen has been consistently as! Former Harvard business School professor, and have been leaders in life Science Advisors notable... In life Science Advisors Ranked among Top Five Best boutique consulting firms across the country 60 offices in America... Llp is a boutique consulting firms Nationwide ( RPS ) is a three-time honoree of the Big Three management.! The clients it serves Enterprise for international trade and export there are quite a top-notch! 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