Profile of Analysis Group

Analysis Group is one of the largest international economics consulting firms, known for its rigorous approach to applying economic, financial, and quantitative analysis in legal, regulatory, and business contexts. Founded in 1981 and headquartered in Boston, Massachusetts, the firm specializes in economic consulting, litigation support, data analytics, and strategy consulting.

Analysis Group works closely with top academic experts, law firms, and Fortune 500 companies to provide services in areas such as antitrust and competition, healthcare economics, intellectual property, securities and financial markets, and class certification. The firm is highly regarded for its expertise in litigation-related consulting, particularly in supporting expert witnesses during complex legal proceedings.

With more than 1,000 professionals and offices across the U.S., Canada, and Europe, Analysis Group maintains a strong reputation for analytical rigor, client service, and academic collaboration. Its teams often include economists, statisticians, financial analysts, MBAs, and PhDs from top institutions, delivering data-driven insights for high-stakes decisions.

The firm is consistently recognized as a top employer for its strong workplace culture, mentoring programs, and emphasis on professional development.

Historical Background

Analysis Group, Inc. was founded in 1981 in the Boston area (Belmont, Massachusetts) by two economists, Bruce E. Stangle and Michael F. Koehn. Both founders were former consultants at Arthur D. Little and held PhDs, and they launched Analysis Group with a vision to fuse academic rigor with practical business consulting. In its early years, the firm primarily focused on economic analysis for business issues such as mergers and acquisitions. Over time, it broadened its scope to encompass a wide range of economic and financial consulting services. By the 1990s, Analysis Group had established itself as a prominent economic consulting boutique, and its reputation grew through the 2000s as it took on high-profile litigation and corporate projects. The firm’s growth has been steady and significant: what started as a small practice in the 1980s expanded into an international firm with 15 offices worldwide and more than 1,500 professionals by the mid-2020s. Throughout its history, Analysis Group has remained private and partner-owned, emphasizing long-term growth over short-term gains. Notably, the founders set a collaborative tone early on – sharing equity with new partners and maintaining a one-firm profit-and-loss structure – which removed internal barriers and helped drive consistent expansion. This historical focus on shared ownership and teamwork laid the groundwork for a strong culture that would support the firm’s evolution from a regional economic analysis firm into one of the largest economic consulting organizations globally.

Leadership and Key Figures

From its inception, Analysis Group’s leadership has played a crucial role in shaping its direction and culture. Bruce E. Stangle, one of the co-founders, served as the firm’s CEO from 1981 until 2004. Under Stangle’s leadership, the firm emphasized rigorous economic analysis and cultivated an environment of mentorship and intellectual curiosity. Co-founder Michael F. Koehn also guided early strategy, contributing his expertise in finance and applied microeconomics to many of the firm’s initial engagements. In 1992, Martha S. Samuelson joined Analysis Group and later emerged as a pivotal figure in the firm’s growth. Rising to become President and CEO (and now serving as Chairman), Samuelson helped diversify the firm’s practice areas and brought in numerous high-profile clients and expert affiliates. Her tenure in leadership (mid-2000s through early 2020s) was marked by an emphasis on collaborative culture, professional development, and maintaining Analysis Group’s status as a top place to work. She was known for fostering open communication and a “listening, respect, and trust” style of management, which reinforced the founders’ values as the firm expanded. Under Samuelson’s watch, the firm grew from roughly 70 employees (when she started) to hundreds, and eventually into the four-figure headcount it has today. In January 2025, Pierre Y. Cremieux – a seasoned economist who had been with the firm for years and served as President since 2016 – assumed the role of CEO, succeeding Samuelson in day-to-day leadership. Cremieux’s expertise in health economics, antitrust, and statistics, as well as his global outlook, positions him to continue the firm’s growth internationally. Together with other managing principals and vice presidents, these key figures have prioritized leadership development internally: many of Analysis Group’s senior leaders started at the firm in junior roles and rose through the ranks. Nearly one-quarter of current managing principals and vice presidents began as entry-level analysts, a testament to the firm’s emphasis on nurturing talent. This home-grown leadership pipeline has ensured continuity of the firm’s collaborative culture and high analytical standards across generations of management. The leadership team also includes numerous experts recognized in their fields (for example, specialists in antitrust, healthcare economics, and finance) who not only manage projects but often contribute to industry thought leadership. Overall, Analysis Group’s leadership ethos centers on shared success and mentorship – senior professionals are deeply invested in training and developing the next generation, which has been a driving force behind the firm’s long-term growth and stability.

Service Lines and Expertise

Analysis Group is best known for its economic consulting services, with particular strength in providing rigorous economic, financial, and quantitative analysis for complex problems. Over the years, the firm has developed several major service lines and practice areas, including:

Litigation and Dispute Consulting: A core part of Analysis Group’s work involves supporting law firms and corporations in legal disputes. The firm provides expert analysis and testimony in litigation matters such as antitrust and competition cases, intellectual property disputes, securities and financial fraud cases, class actions, and commercial damages estimation. The consultants design economic models, perform statistical analysis, and calculate damages or valuations that become evidence in court. Many of Analysis Group’s professionals work closely with academic experts to prepare expert witness reports and trial testimony. This litigation consulting spans numerous areas – for example, defining markets and assessing competitive effects in antitrust cases, valuing patents or calculating lost profits in IP litigation, and determining class certification or damages in class action lawsuits. The firm is frequently engaged for high-stakes trials and regulatory investigations, where its objective, data-driven analyses help courts and regulators make informed decisions.
Economic and Financial Consulting: Beyond the courtroom, Analysis Group offers general economic analysis and financial consulting to corporations and government agencies. This includes performing economic impact studies, policy analysis, and market research. In corporate settings, the firm might analyze market dynamics, pricing strategies, or regulatory impacts for Fortune 500 companies. It also provides financial modeling, valuation, and risk analysis for businesses considering major transactions or strategic changes. The firm’s roots in economics mean it can advise on questions like how a new regulation might affect an industry, what the economic cost-benefit of a project is, or how market competition is likely to evolve. Often, Analysis Group’s teams will leverage sophisticated quantitative techniques (such as econometrics or big data analytics) to deliver insights that inform strategic business decisions or public policy.
Health Care Consulting and Outcomes Research: Analysis Group has a prominent practice in health economics and outcomes research (often abbreviated HEOR). In this service line, the firm works with pharmaceutical companies, biotechnology firms, health insurers, and healthcare providers to analyze clinical and economic data. Services include studying the effectiveness of new treatments, conducting cost-effectiveness and budget impact analyses for therapies, and examining real-world health outcomes through large medical datasets. The firm’s consultants (many with advanced degrees in public health or epidemiology) design and analyze clinical trial data, observational studies, and patient surveys to help clients demonstrate the value of medical products or to inform healthcare policy. They frequently publish research findings in peer-reviewed journals and present at medical or economic conferences, reflecting the firm’s deep commitment to intellectual rigor in this domain. This health analytics capability is a distinguishing service line for Analysis Group, setting it apart as not just a litigation support provider but also a strategic consultant in the life sciences sector.
Business Strategy and Analytics: Although not a traditional generalist strategy firm, Analysis Group does provide strategic consulting services underpinned by analytics. This can involve helping companies with data-driven decision making, such as market entry analysis, demand forecasting, pricing optimization, and performance benchmarking. The firm’s Strategy, Policy & Analytics practice and Data Science & Statistical Modeling teams often collaborate to tackle problems that require heavy data analysis outside of litigation. For instance, consultants might use machine learning and large datasets to identify consumer trends for a retail client, or perform policy simulations for a government agency considering a new regulation. The emphasis is always on quantitative evidence and robust analysis to guide strategy. In recent years, Analysis Group has also advised on Environmental, Social, and Governance (ESG) issues, helping organizations evaluate sustainability programs and their economic implications. While litigation and economics are the firm’s heritage, this broader analytical consulting demonstrates its ability to translate complex data into practical business insights.

Across all service lines, Analysis Group’s hallmark is the application of economic theory and empirical analysis to real-world questions. Whether in the courtroom or the boardroom, the firm’s consultants use tools like statistical modeling, econometrics, financial analysis, and big data techniques to develop clear, pragmatic solutions. The company’s expertise is reinforced by its network of affiliated experts—leading academics and industry specialists who often team up with Analysis Group on engagements to provide subject-matter expertise or expert testimony. This blend of in-house analytical talent and external expert knowledge allows the firm to handle a wide spectrum of challenges, from calculating complex financial derivatives in a securities case to evaluating the competitive effects of a multinational merger.

Industries Served

One reason for Analysis Group’s broad success is its ability to operate across a diverse array of industries globally. The firm’s analytical approach is applicable to many sectors, and over time it has built deep experience in industries such as:

Healthcare and Pharmaceuticals: In addition to the health economics work mentioned earlier, Analysis Group frequently works with pharmaceutical manufacturers, biotech firms, medical device companies, and healthcare providers. It has analyzed drug pricing and market access issues, supported patent litigation in life sciences, and studied health insurance markets and hospital competition.
Technology and Telecommunications: The firm has advised in the tech sector on matters including antitrust (for example, evaluating competition in software or platform markets), intellectual property disputes (such as software patents and licensing conflicts), and business strategy for tech firms. In telecommunications and media, Analysis Group has assessed the economic impact of telecom mergers, pricing of wireless spectrum, and competition in digital media markets.
Financial Services: With many economists and finance PhDs on staff, Analysis Group serves banks, asset managers, insurance companies, and other financial institutions. It provides analysis on securities fraud cases, valuation of complex financial instruments, risk management, and regulatory compliance (for instance, assessing the economic implications of financial regulations or investigating issues in banking practices). The firm has been involved in class action litigations related to securities and has assisted with internal investigations of financial misconduct.
Energy and Environmental Sectors: The firm’s experts have worked in oil & gas, electricity, renewable energy, and other natural resource industries. They tackle issues like energy market competition, utility rate cases, environmental regulatory impact, and climate policy analysis. For example, an Analysis Group team might model the economic effects of adopting renewable energy standards or provide testimony in a dispute about electricity pricing in regional power markets.
Media, Entertainment, and Communications: Analysis Group has experience in media and entertainment industry matters, often in the context of mergers or antitrust issues (such as analyzing the competitive landscape of streaming services or television networks). It also handles cases in advertising, licensing, and consumer behavior analysis for entertainment companies. In communications, the firm has dealt with telecom mergers (e.g., mobile carrier deals) and technology patent issues, bringing economic evidence to evaluate how such deals or disputes affect consumers and markets.
Manufacturing and Retail: The firm’s work extends to manufacturing industries (automotive, aerospace, consumer goods, etc.) and retail/consumer products. They have evaluated supply chain economics, antitrust concerns in retail mergers, and calculated damages in product liability or false advertising cases. Consultants might, for instance, analyze pricing data from a large retailer to determine if an alleged conspiracy affected consumer prices, or help a manufacturer assess the cost-benefit of a new production investment using economic models.
Government and Policy Sectors: Many government agencies (in the U.S. and abroad) and international organizations have engaged Analysis Group for independent economic analysis. The firm has contributed to public policy studies, regulatory hearings, and competition authority investigations. For example, it has assisted competition regulators in North America and Europe in reviewing proposed mergers by supplying economic evidence and market analysis. It also has been involved in policy evaluation projects, such as studying the impact of laws or regulations on economic outcomes in labor markets, healthcare, or education.

This list is not exhaustive – Analysis Group’s flexible, analytic skillset allows it to support virtually any industry where data and economics can inform decisions. The key commonality is that the firm approaches each industry with teams that blend sector-specific knowledge (often via expert affiliates or experienced consultants) and rigorous analytic techniques. Moreover, because the firm has a global reach, it is able to serve industries in different geographic markets: for instance, advising on competition issues in the European Union, supporting pharmaceutical companies in Asia, or analyzing financial markets in North America. Its international presence means that the firm is familiar with industry nuances and regulatory environments across multiple regions, enabling a consistent quality of service to clients worldwide.

Consulting Methodologies and Analytical Approach

At the heart of Analysis Group’s work is a commitment to analytical rigor and methodical problem-solving. The consulting methodologies employed by the firm mirror those found in academia, combined with a pragmatic focus on client needs. Key elements of Analysis Group’s approach include:

Data-Driven Analysis: Whether dealing with millions of transaction records in an antitrust case or clinical trial results in a health study, Analysis Group’s consultants rely on quantitative data analysis. They employ advanced statistical and econometric techniques to uncover patterns, test hypotheses, and measure relationships. For example, in litigation matters they might run regression analyses to determine if a company’s actions led to price changes or calculate the statistical significance of observed effects. The firm has also developed a strong capability in data science – including handling big data sets, performing machine learning analyses, and building predictive models – through its dedicated data science teams. This allows them to tackle modern analytical challenges such as algorithmic market analysis or customer data segmentation with technical sophistication.
Economic Theory Applied to Real Problems: As an economics consulting firm, Analysis Group grounds its work in economic theory. The consultants frame problems in terms of supply and demand, incentives, market structure, game theory, and other economic concepts. However, they apply these theories pragmatically. For instance, in an antitrust case the team will use industrial organization theory to define the market and assess competitive effects, but will marry that with actual industry data and institutional details of the market. In a damages calculation, they might use financial theory to discount cash flows or estimate cost of capital as part of valuing lost profits. This blending of theoretical frameworks with empirical evidence ensures that their conclusions are well-founded and credible to experts, judges, and business leaders alike.
Collaborative Team Model: Methodologically, Analysis Group emphasizes teamwork and flexibility in staffing projects. Case teams are assembled with the right mix of skills for each engagement and often include consultants from multiple office locations working together. The firm’s one-firm structure (a single profit-and-loss and no internal silos by office or practice) means teams freely draw on colleagues across geographies to tap specific expertise. Additionally, the inclusion of affiliated experts (university professors, industry veterans, former regulators) in project teams is a signature of Analysis Group’s approach. These external experts work alongside internal consultants, providing subject-matter depth and often serving as the testifying expert in litigation. The interplay between the academics and the full-time consultants is carefully managed: consultants handle intensive data analysis, modeling, and project management, while the academic experts contribute high-level insights, validate methodologies, and articulate findings in reports or testimony. This collaborative model ensures that clients get both world-class theoretical knowledge and practical analytical execution.
Quality Control and Peer Review: The firm instills an “academic quality” standard in its work process. Draft analyses and reports often undergo internal peer review, where senior consultants or principals not directly on the team will critique the methodology and results. There is a strong culture of asking tough questions and validating each step of the analysis, similar to a scholarly peer-review process, to ensure integrity and accuracy. Consultants are encouraged to approach problems with curiosity and to double-check assumptions. This internal rigor is crucial given that much of Analysis Group’s work could be scrutinized in adversarial settings (like cross-examination in court) or high-stakes corporate decisions. Therefore, replicability and precision are core to their analytical methods.
Use of Sophisticated Tools: Analysis Group employs a range of analytical tools and software. These include statistical packages (such as R, SAS, Stata, or Python for data analysis), financial modeling in Excel or specialized finance software, and customized databases for handling case data. In complex cases, they may develop simulation models or use visualization tools to interpret data for clients. The firm’s approach is to choose the right tool for the problem – for example, using network analysis algorithms when studying relationships in a market, or leveraging GIS mapping when geography matters to an analysis (such as in assessing local market competition). By staying up-to-date with technology and quantitative methods, Analysis Group ensures its methodologies remain cutting-edge. In fact, many consultants with backgrounds in fields like statistics or computer science contribute to innovating new analytical approaches within the firm.
Pragmatic and Solution-Oriented: While highly quantitative, the firm’s approach never loses sight of the practical question at hand. Analysis Group prides itself on delivering pragmatic solutions. In consulting terms, this means that after all the complex modeling, the results are translated into clear, actionable insights or opinions. If working for a corporate client, the team will present recommendations or findings in business terms – often highlighting the strategic implications of the data. In litigation, consultants and experts at Analysis Group are skilled at communicating complicated economic analysis in a manner that judges and juries can understand, focusing on the aspects that matter to the legal standards. The firm’s internal ethos of “relevance and applicability” ensures that analyses aren’t done in a vacuum; every model or statistical test is chosen because it sheds light on the client’s problem. This real-world focus is likely a product of the firm’s mixed DNA – academic in technique but business-like in outcome. Consultants are trained to continually ask: how does this analysis help solve the client’s challenge? As a result, even highly complex methodologies (like a multi-variate regression on millions of data points) are ultimately distilled into straightforward conclusions and recommendations.

In sum, Analysis Group’s consulting methodology is characterized by academic-level rigor, interdisciplinary collaboration, and practical problem-solving. This approach has enabled the firm to maintain high standards in the quality of its work, which is essential given that its analyses often become part of legal records or key corporate decisions. The combination of deep analytical capabilities with clear, client-focused insight is a defining feature of how Analysis Group delivers its services.

Global Operations and Offices

Over four decades, Analysis Group has expanded from its Boston-area origins to a global presence, while still operating as an integrated firm. As of 2025, Analysis Group maintains 15 offices across North America, Europe, and Asia. The geographic spread of these offices underpins the firm’s ability to serve clients internationally and to assemble teams with local knowledge when needed. Key aspects of the firm’s global operations include:

North America: The majority of Analysis Group’s offices are in the United States, reflecting its strong base in the U.S. market. Major U.S. offices include Boston (the headquarters and largest office), New York, Washington, D.C., Los Angeles, San Francisco, Chicago, Dallas, Denver, and Menlo Park (Silicon Valley). These locations position the firm in the country’s financial, legal, and high-tech hubs, allowing easy access to clients and experts in those regions. The firm also has two offices in Canada – Montreal and Toronto – serving the Canadian market and French-speaking clients (Montreal’s office, for instance, also provides services in French as needed). The North American offices often collaborate on cases; for example, a project based in New York might include specialists from Boston or Montreal, depending on the expertise required. This one-firm approach means that even though there are multiple physical locations, the boundaries between offices are fluid, with staff frequently working across offices virtually or traveling for projects.
Europe: Analysis Group has established a foothold in Europe, with offices in London, Paris, and Brussels. The London office allows the firm to engage with the UK’s financial services and legal markets (London being a global financial center and home to major law firms). The Paris office, along with a bilingual capability via Montreal, helps serve clients in France and across continental Europe. Brussels is particularly strategic as it is the seat of the European Union’s competition authorities; having a presence there enables Analysis Group to be closely involved in EU antitrust investigations and regulatory matters. In Europe, the firm often works on cross-border cases such as mergers that require multi-country economic analysis or litigation that spans jurisdictions. The European economists at Analysis Group work not only on Europe-based matters but also lend their expertise to global cases, contributing familiarity with EU regulations and market conditions. Activity in Europe has been growing as the firm is recognized in rankings like Global Competition Review’s GCR100 for its work on high-profile European competition cases.
Asia-Pacific: The firm’s presence in Asia is currently anchored by its office in Beijing, China. Opened to support multinational cases and the growing demand for economic analysis in China, the Beijing office focuses on areas like antitrust reviews for mergers (as Chinese regulators have become important in global M&A approvals), intellectual property matters (given China’s importance in tech and manufacturing), and advising both Chinese companies and international firms operating in Asia. The Beijing team includes bilingual consultants and collaborates with academic affiliates in the region. While Beijing is the main Asian office, Analysis Group also serves clients across Asia-Pacific through this hub, and by deploying consultants from other offices as needed. In some instances, the firm’s experts have worked on cases in Japan, South Korea, Australia, and other countries by teaming up with local partners or leveraging its own global staff. The Asia expansion reflects Analysis Group’s strategy of following client needs – as clients face economic and regulatory questions in Asia, the firm has built capabilities to address them on the ground.
Integrated Global Staffing: A hallmark of Analysis Group’s operations is that, despite having multiple offices, it operates as a unified global partnership. Teams are often drawn from multiple locations – for instance, an antitrust case in Europe might involve economists from the Boston, Brussels, and London offices working together. The firm invests in technology and travel to facilitate this collaboration, ensuring that distance does not impede sharing expertise. Culturally, professionals are encouraged to view the entire firm as their resource pool, which is different from some consulting firms that have more siloed offices or country-based P&Ls. Many of the senior staff have experience working in more than one office, and some even relocate internationally within the firm, which helps to disseminate the firm’s culture and best practices globally. Moreover, when it comes to knowledge sharing, all offices contribute to and draw from common databases of case knowledge, research, and analytical models. This integrated approach allows a client in any geography to access the full breadth of Analysis Group’s global expertise.
Local Insight and Language Capabilities: While integration is key, Analysis Group also leverages the local strengths of each office. For example, the Montreal and Paris offices provide services in French and are familiar with civil law matters and local market conditions in Francophone regions. The Brussels office’s proximity to European Commission institutions means those consultants are well-versed in EU competition guidelines and have relationships in that community. In Beijing, understanding Chinese economic data sources and the regulatory environment is a distinct asset. Across the board, the firm ensures that it respects local norms and expectations – whether that’s knowing how to navigate U.S. litigation discovery or understanding the protocols of a European regulatory hearing. The firm’s global footprint therefore combines worldwide standards of analytic excellence with region-specific knowledge.

In summary, Analysis Group’s global operations enable it to act as a cross-border consulting firm, serving clients wherever they operate. The network of offices in the U.S., Canada, Europe, and Asia works harmoniously to support multinational companies, international law firms, and government bodies. This global reach is particularly important in an era where business and legal challenges often span continents – and Analysis Group has positioned itself to provide consistent service and insight on that worldwide stage.

Career Progression and Roles

Analysis Group offers a clear career progression path for its consultants, with well-defined roles at each level. The firm is known for promoting based on merit and for encouraging professional growth through mentorship and training. A typical consulting career path at Analysis Group looks like this:

Analyst (Entry-Level) – New hires out of undergraduate programs (and sometimes those with master’s degrees in related fields) join as Analysts. In this role, individuals focus on data analysis, research, and modeling. They work as part of case teams, handling tasks such as building spreadsheets, running statistical programs, researching industry information, and preparing exhibits. Analysts are expected to be intellectually curious and have strong quantitative and problem-solving skills. It’s common for analysts to spend a couple of years at the firm and then, if pursuing a long-term consulting career, go on to graduate school (MBA, Ph.D., or other advanced degrees) with the firm’s support. Analysis Group actively supports analysts in applying to grad programs by offering workshops, mentorship, and sometimes financial assistance, because an advanced degree is encouraged for those aiming for senior consulting roles.
Senior Analyst – After gaining experience, analysts may be promoted to Senior Analyst (typically after 2–3 years for those who do not immediately depart for graduate school). Senior Analysts take on more complex analytical tasks and often have greater responsibility in structuring analyses or mentoring newer analysts. They continue to refine technical skills and industry knowledge, and they start to have more client interaction (for example, explaining segments of analysis in meetings). Many Senior Analysts eventually pursue graduate studies as well, though some might directly progress if they have advanced degrees already.
Associate – The Associate role is the post-MBA or post-Ph.D. entry point (or for exceptionally experienced hires). Associates are considered consultants who can lead significant portions of projects. They design analytical approaches, manage parts of the case team’s work, and liaise directly with clients and expert witnesses. An Associate will often handle drafting of reports or presentations, synthesizing the work of analysts into coherent findings. Because many Associates have doctorate degrees or specialized expertise, they contribute a higher level of insight and may even co-author papers or articles. Associates start developing project management skills and are on track to become the firm’s future leaders. Performance at the Associate level is critical; successful Associates demonstrate not only technical prowess but also the ability to mentor junior staff and generate confidence with clients.
Manager – After several years as an Associate (or via promotion for those who excel), the next step is Manager. Managers oversee entire projects or significant workstreams of large cases. They are responsible for planning the analysis, coordinating teams of analysts and associates, and ensuring the quality and timeliness of deliverables. Managers serve as the bridge between the analytical team and the firm’s senior leadership or the testifying experts. They often handle a lot of client communication, translating complex results into client-friendly insights. At Analysis Group, the title “Manager” indicates a seasoned consultant who has proven ability to manage multi-faceted engagements and multiple team members. Managers also begin to play a role in business development, such as helping with proposals or cultivating relationships with clients and academic affiliates.
Vice President – Vice Presidents (VPs) are experienced leaders typically responsible for multiple engagements at once or large, high-stakes projects. A Vice President at Analysis Group has usually spent a significant number of years honing both technical and leadership skills. VPs contribute to case strategy, provide high-level oversight on analyses, and often serve as the firm’s representatives in dealings with top clients. They also play a major part in thought leadership, sometimes acting as expert witnesses themselves if they have particular expertise, or publishing and speaking at conferences. Internally, Vice Presidents mentor managers and associates, guiding their career development. Achieving VP status means an individual is a recognized expert or leader within the firm, and they often have a notable reputation in one or more practice areas. In the hierarchy, Vice Presidents are akin to junior partners or directors in other consulting firms.
Principal and Managing Principal – These are the most senior consulting titles at Analysis Group (apart from the executive leadership positions like CEO or Chairman). Principals lead major client engagements and often have client account management responsibilities. They are key drivers of business development, bringing in new cases and maintaining relationships with law firm partners or corporate executives who hire Analysis Group. Principals also shape the firm’s strategy in their areas of expertise, deciding which opportunities to pursue and where to invest in growing capabilities. A Managing Principal is a Principal with an added layer of seniority or organizational responsibility – often these are individuals who not only lead client work but also manage offices or practice areas, and contribute to firm-wide management alongside the CEO/Chairman. Many Managing Principals have national or global reputations in their field (for example, a Managing Principal might be widely recognized as a leading authority in antitrust economics or health outcomes research). They may frequently serve as expert witnesses in headline cases, publish influential research, or speak in front of industry groups. Career progression to Principal or Managing Principal is a significant achievement and reflects not just analytic excellence, but also business leadership, mentorship of others, and long-term contributions to the firm’s success.

Throughout this career path, Analysis Group is known for its supportive and development-oriented culture. Promotions are based on merit and readiness rather than an “up or out” fixed timetable. The firm provides regular feedback, mentorship programs, and formal training sessions to help consultants grow. Junior staff often receive coaching from multiple seniors – for example, an analyst might have a mentor Vice President who is not on their project to provide independent career advice. The firm also encourages a sustainable work-life balance; leadership emphasizes that content and quality of work matter more than just long hours, and they promote wellness initiatives to ensure employees are happy and productive (the philosophy being, as one internal motto states, “if you are not happy with your life, you can’t be good at your work”). This approach has helped Analysis Group earn recognition as a top employer. It consistently appears on lists of best places to work – including regional accolades like the Boston Globe’s “Top Places to Work” and national rankings on Vault and Glassdoor. Consultants often cite the “collegial” and “inclusive” work environment: despite the demanding nature of the projects, the culture is described as non-hierarchical, friendly, and intellectually stimulating. Importantly, the firm’s commitment to professional development is evidenced by the high retention of talent – many who start their careers at Analysis Group return after graduate school or stay long term, rising to senior ranks. In fact, a large proportion of the firm’s Principals and Vice Presidents are those who either began as analysts or associates, underscoring the viable long-term career trajectory within the firm.

Compensation

Analysis Group offers highly competitive compensation packages that reflect the firm’s emphasis on attracting and retaining top analytical talent. While exact figures can vary by region and over time, publicly available data and industry reports provide insight into the compensation ranges for various roles (in the context of the mid-2020s):

Entry-Level (Analyst) Compensation: New Analysts in the United States typically receive a base salary that is at or near six figures. In recent years, this has been in the range of roughly $90,000 to $100,000 (depending on whether the hire has a bachelor’s or master’s degree). In addition to base pay, analysts are eligible for performance-based bonuses that can be around 15–25% of their base salary in a good year. There may also be smaller signing bonuses or relocation assistance for new hires. Thus, an entry-level Analyst’s total first-year compensation often falls in the low-to-mid $100,000s, which is very competitive for undergraduate-level positions. These figures place Analysis Group’s analyst salaries on par with many management consulting firms and higher than typical entry roles in academia or government that economics majors might otherwise consider.
Associate (Post-MBA/PhD) Compensation: Associates, who generally join after completing an MBA, PhD, or other advanced degrees, command substantially higher starting pay. As of 2024–2025, the base salary for an incoming Associate at Analysis Group was around $190,000 per year in the U.S. market. On top of base pay, Associates can earn performance bonuses up to roughly 25% of base (which could be in the range of $40,000–$50,000 at that level if targets are met). Additionally, Analysis Group has offered generous signing bonuses for advanced degree hires; for example, new Associates have received signing bonuses on the order of $30,000–$45,000. Combining these elements, a first-year Associate’s total compensation can approach or exceed $240,000 when base, bonus, and sign-on are included. This places Analysis Group among the higher-paying firms for econ consulting and competitive with many top-tier management consulting firms for post-MBA roles. The firm’s willingness to pay such packages reflects the high value placed on advanced analytical training and the need to attract PhD economists and other experts who might also be courted by academia or other industries.
Mid-Level (Manager/Vice President) Compensation: While less frequently disclosed publicly, the compensation for Managers and Vice Presidents at Analysis Group scales significantly with experience and responsibility. Managers (often promoted from within) can expect a solid six-figure base salary – often in the mid-to-high $100,000s – and substantial bonuses. It’s not uncommon for a Manager’s total compensation to cross into the low $200,000s or more, especially for those leading major cases and performing strongly. Vice Presidents, being senior leaders and revenue drivers, earn even more. Reported estimates from Glassdoor and industry sources suggest Vice Presidents at Analysis Group have base salaries that can be in the low-to-mid $200,000s, with total compensation (including bonuses and profit-sharing) that can range roughly from $250,000 up to $350,000 (or higher) annually. At these levels, individual performance, tenure, and practice area can cause variation – for instance, a VP who is heavily involved in bringing in new business or serving as an expert witness might receive a larger bonus or profit share.
Principal/Managing Principal and Executive Compensation: The most senior professionals (Principals and Managing Principals) often have a stake in the firm’s profits, as they are the equivalent of partners. Their compensation includes base salary, performance bonus, and profit-sharing or equity-based distributions. While exact numbers are confidential, it is understood in the industry that top earners at a successful economic consultancy can earn well into the high six or seven figures annually when the firm performs well. For example, a Managing Principal who leads multiple high-revenue cases could see total compensation in the millions of dollars. The firm’s CEO and Chairman roles (held by individuals like Martha Samuelson or Pierre Cremieux in recent times) would also fall in this upper range, although as a private firm these details aren’t publicly released. However, executive leadership pay is typically aligned with firm performance and comparable to leaders at similarly sized consulting partnerships.
Regional Variations: Analysis Group adjusts its compensation to local markets to some extent. U.S. offices tend to have the highest absolute salaries, particularly in high cost-of-living cities like New York, Boston, or San Francisco. In Canada (Montreal, Toronto), salaries are generally slightly lower in nominal USD terms, but still very competitive within those markets (and often including additional benefits like provincial healthcare, etc.). In Europe, compensation might also be a bit lower than U.S. levels due to market norms – for example, an Associate in London or Paris might have a base salary somewhat less than the U.S. $190k figure, but often packages in Europe come with other benefits and consider factors like higher statutory vacation and social contributions. That said, Analysis Group’s positioning is typically to be near the top of the market in whichever region it operates, to attract the best talent. The firm also sometimes facilitates international mobility by equalizing pay or providing allowances if staff move between regions. In Asia, the Beijing office’s compensation would be calibrated to the consulting market in China, which is still evolving; compensation there is likely competitive for economists in China but may be lower than U.S./European levels, factoring in local cost of living.
Benefits and Work Environment: Beyond direct pay, Analysis Group provides a comprehensive benefits package. This usually includes health insurance, retirement plan contributions (for instance, a 401(k) match in the U.S.), and other typical benefits like parental leave, wellness programs, and disability insurance. The firm is also known to offer some perks aligned with employee well-being, such as generous paid time off (around 15 days of vacation for new hires, increasing with tenure, plus holidays), flexible work arrangements when feasible, and support for continuing education (as noted, encouraging analysts to attend grad school by providing some financial and logistical support). Additionally, because the firm highly values culture, it invests in team social events, retreats, and other “quality of life” initiatives that, while not direct compensation, add to the sense of reward employees feel. Performance reviews are regular, and raises or promotions come with significant bumps in pay reflecting the increased value of the role.

In conclusion, Analysis Group’s compensation strategy is geared toward rewarding the advanced skills of its consultants and remaining competitive with both peer consulting firms and other career paths its employees might consider (like academia or finance). The firm’s pay packages, particularly for those with advanced degrees, rank among the top in the consulting industry outside of the well-known strategy firms, and this has helped Analysis Group draw talent from leading universities and other firms. By offering robust compensation and benefits, combined with a supportive culture, the firm manages to maintain high morale and low involuntary turnover – most departures are for graduate school or personal choices rather than dissatisfaction. This investment in people through pay and perks is a crucial component of the firm’s overall success, ensuring that its professionals feel valued and motivated to deliver high-quality work for clients.

Thought Leadership and Intellectual Capital

Analysis Group has established itself not only as a consulting firm but also as a generator of thought leadership in economics, finance, and related disciplines. The firm actively contributes to research and public discourse in its areas of expertise through various channels:

Publications and Research Contributions: Many of Analysis Group’s consultants and affiliated experts regularly publish work in academic journals, industry journals, and books. Particularly in fields like health economics, antitrust economics, and finance, it’s common to see Analysis Group professionals co-authoring peer-reviewed articles. For example, consultants in the HEOR (Health Economics and Outcomes Research) practice publish studies on treatment outcomes or cost-effectiveness in medical journals. Similarly, the firm’s antitrust experts might publish in competition policy journals on topics like merger analysis or the economics of digital markets. These contributions not only advance knowledge but also enhance the firm’s credibility. In 2025, for instance, some Analysis Group authors won an Antitrust Writing Award for a paper on digital platform competition. Such accolades demonstrate that the firm’s intellectual output is respected by academic and professional peers.
Analysis Group Forum and Bulletins: The firm produces its own thought leadership content. A flagship example is the Analysis Group Forum, which is a periodic publication (often released annually or biannually) that compiles insights and articles written by the firm’s consultants. Each Forum issue covers emerging and topical subjects across the firm’s practice areas. Recent editions have featured discussions on evolving trends such as the economics of big tech platforms, new developments in healthcare policy, environmental and ESG (Environmental, Social, Governance) analysis, and innovations in survey and market research techniques. These articles are written in a style accessible to a broad business and legal audience, and they often draw on case experiences (appropriately anonymized) or novel research by Analysis Group staff. In addition to the general Forum, the firm also circulates specialized bulletins like the Health Care Bulletin, which zeroes in on the life sciences and health analytics field. These bulletins provide updates on research findings, methodologies, and case studies relevant to clients in those sectors. By curating and sharing knowledge in this way, Analysis Group positions itself as a thought leader on the cutting edge of its disciplines.
Conference Presentations and Professional Engagements: Analysis Group encourages its consultants, especially at the vice president and principal levels, to engage with the broader professional community. As a result, many firm members present at conferences such as the American Economic Association meetings, healthcare congresses, the American Bar Association’s antitrust section events, and other industry conferences. They might participate in panel discussions on topics like “The Use of Big Data in Merger Analysis” or present research on econometric techniques in litigation. The firm also sometimes sponsors or co-hosts events and webinars in its fields. For example, Analysis Group experts have moderated panels for agencies like the Federal Trade Commission on specialized topics (Martha Samuelson once moderated a panel on “Most-Favored Nation” clauses in antitrust, reflecting her expertise). By being visible in these forums, the firm contributes to thought leadership and stays at the forefront of debates in economics and law.
Collaboration with Academia: The firm’s model of partnering with academic affiliates not only serves client work but also fosters a two-way exchange of ideas. Academic affiliates often involve Analysis Group consultants in their research projects when practical, and conversely, the firm may support academic research through data analysis. It’s not unusual for a university professor (affiliated with Analysis Group) to team up with the firm’s consultants to produce a white paper or an empirical study on, say, the impact of a certain regulation, leveraging the firm’s computing resources and real-world data access. These collaborations enhance the firm’s intellectual capital. Moreover, a number of Analysis Group’s senior staff have prior or current ties to academia themselves (some teach courses part-time or are former professors), which strengthens the firm’s academic network. The cross-pollination ensures that the methodologies used by the firm are grounded in the latest academic thinking, and that academics gain practical insights from live case experience.
Internal Knowledge Development: Within the firm, there is a culture of developing and sharing intellectual capital. Analysis Group has internal working groups or practice area teams that focus on new techniques and emerging issues. For example, a data science working group might develop improved methods for analyzing unstructured data or machine learning applications in economic consulting. A climate economics group might create models to forecast the economic impact of climate change regulations. The firm often tests these approaches internally or in pro bono projects (which the firm undertakes to give back to the community, while also providing learning opportunities for staff). This R&D-like effort means that when a client issue arises, Analysis Group can bring a refined toolkit and sometimes proprietary analytic frameworks. Any insights or tools gleaned internally are often eventually shared externally through publications or presentations, contributing to the wider knowledge base of the industry.
Awards and Recognition for Thought Leadership: Analysis Group’s commitment to research and thought leadership has been recognized by various institutions. As mentioned, the firm’s professionals have won writing awards (in antitrust, for example) and the firm itself is frequently cited in media and legal circles for its studies. The Global Competition Review (GCR) has consistently included Analysis Group in its rankings, noting the firm’s involvement in significant competition matters and its stable of respected experts. Vault’s consulting rankings and other industry surveys often highlight that Analysis Group is admired not just as a workplace but as an intellectual powerhouse, describing the work as “analytically rigorous” and the culture as one that values learning. Maintaining such a reputation requires continuous output of high-quality intellectual capital.

In essence, Analysis Group’s thought leadership is both a byproduct of and a contributor to its consulting practice. By engaging deeply with research and sharing knowledge, the firm ensures that its consultants remain on the cutting edge of their fields, which in turn benefits clients. This cycle of learning and teaching has helped Analysis Group differentiate itself in the consulting landscape – clients know they are hiring a firm that doesn’t just apply established methods, but often helps develop what will become the next best practice in economic analysis.

Notable Projects and Landmark Cases

Throughout its history, Analysis Group has been involved in numerous high-profile projects and litigation matters that showcase the firm’s capabilities. Below are some distinctive and landmark engagements the firm is known for:

Epic Games v. Apple (App Store Antitrust Case): Analysis Group provided economic analysis in the prominent antitrust lawsuit where Epic Games (creator of Fortnite) challenged Apple’s App Store policies. The firm’s experts helped evaluate market definition and the competitive effects of Apple’s commissions and restrictions on app distribution. This case, which drew global attention to the economics of digital platforms, saw Analysis Group’s work cited in court discussions around how to balance innovation with antitrust enforcement in tech markets.
Major Pharmaceutical Antitrust Litigation (Lipitor Case): The firm played a crucial role in the In re: Lipitor Antitrust Litigation, a long-running case in which classes of purchasers alleged that Pfizer (the maker of Lipitor) and a generic manufacturer engaged in anti-competitive practices to delay generic entry of the cholesterol drug Lipitor. Analysis Group supported the defense (Pfizer and its partner), analyzing patent settlement agreements and their impact on drug prices. The firm’s experts provided evidence that the delay in generics was due to regulatory factors rather than an illegal agreement, a position ultimately accepted by the court when it ruled in favor of the defendants. This outcome was significant in the realm of pharmaceutical antitrust cases and underscored Analysis Group’s expertise in complex health industry matters.
Cedar Fair’s Acquisition of Six Flags (Merger Review): In a major merger of amusement park operators announced in 2023, Analysis Group assisted Cedar Fair in its planned $8 billion acquisition of Six Flags Entertainment. The U.S. Department of Justice investigated the merger’s potential impact on competition in the theme park market (27 amusement parks and numerous water parks were involved across North America). Analysis Group’s team conducted market analysis and economic modeling to address competition concerns. Their work helped demonstrate how the combined entity could achieve efficiencies without harming consumers. The result was that the DOJ cleared the merger, and Analysis Group’s analysis was credited as instrumental in navigating the deal through regulatory scrutiny.
Groupe Canal+ Acquisition of OCS and Orange Studio (French Competition Case): In Europe, Analysis Group supported Groupe Canal+, a leading French media company, during its proposed acquisition of OCS (a television network) and Orange Studio (a film production/distribution unit) from Orange SA. French competition authorities had concerns about potential overlaps in the media and telecom markets. The Analysis Group team in Paris and Brussels prepared economic evidence on market definition and competitive effects, helping to craft remedies (behavioral commitments) that addressed the regulators’ concerns. The merger was cleared in Phase I with those remedies, showcasing the firm’s ability to handle cross-border competition issues and interact with European regulators effectively.
High-Profile Tech Antitrust Investigations: Analysis Group has been involved in some of the most noteworthy antitrust investigations globally. For example, the firm contributed analysis to government investigations into potential anti-competitive practices of large tech firms (some of these matters are confidential, but broadly speaking, Analysis Group economists have evaluated issues like online advertising market dynamics, smartphone ecosystem competition, and data-related competition concerns). The firm’s analyses have been used by agencies in the U.S., EU, and other jurisdictions, highlighting its standing as a go-to consultant for competition economics in the era of Big Tech.
United States v. DaVita (No-Poach Agreement Criminal Trial): In a unique landmark criminal antitrust trial in the early 2020s, the U.S. Department of Justice prosecuted DaVita Inc. (a major dialysis clinic operator) and its former CEO Kent Thiry for allegedly entering illegal agreements not to solicit each other’s senior-level employees with other companies. Analysis Group was engaged in this matter to provide economic expertise on labor market competition. The case was significant as one of the first criminal antitrust prosecutions in labor markets (“no-poach” agreements). The trial concluded with an acquittal of DaVita and Thiry, and Analysis Group’s analysis helped demonstrate the complexities of the labor market and the lack of anticompetitive effect. This case put a spotlight on antitrust enforcement in employment practices, and the firm’s involvement positioned it at the forefront of that evolving legal area.
Florida State Board of Administration v. Alliance Capital (Securities Litigation): An earlier notable case from 2005, Analysis Group provided expert testimony in a high-stakes securities litigation where the Florida state pension fund sued Alliance Capital Management over investment losses tied to Enron’s collapse. The firm’s experts (including co-founder Michael Koehn) analyzed whether Alliance’s decisions met fiduciary standards and quantified the losses attributable to alleged mismanagement versus market forces. The work was pivotal in court deliberations and reflected the firm’s strength in financial forensic analysis. The case outcome was a legal victory for Alliance Capital, aided by the common-sense, data-backed testimony that Analysis Group consultants developed.
Large-Scale Class Action Settlements and Damages Studies: Analysis Group has built a reputation in calculating damages and settlement structures for complex class actions. For instance, the firm was involved in the Visa/MasterCard interchange fee litigation, one of the largest antitrust class actions in the U.S., providing analysis on how interchange fees affected merchants and helping to estimate damages which guided settlement discussions. Another example is their work on ERISA class actions (related to retirement plan fees or stock drop cases), where Analysis Group assessed whether plan participants were harmed by fiduciary breaches. These projects often involve managing and analyzing massive datasets (e.g., millions of credit card transactions or employee investment records), highlighting the firm’s capacity for large-scale data analysis.
Intellectual Property Valuation for Tech and Entertainment: In the realm of IP, Analysis Group has tackled cases like patent infringement disputes between major technology companies and royalty rate arbitration for entertainment content. One notable project saw Analysis Group economists calculate the value of certain standard-essential patents in the smartphone industry, a key issue in global litigation between handset manufacturers. In another, the firm helped a Hollywood studio in a dispute over profit participation, by building an economic model to audit and project royalty streams from a popular TV series. These kinds of cases underscore the firm’s versatility and its skill in bridging creative industries with quantitative analysis.
Consulting on Policy and Public-Sector Projects: Outside of litigation, Analysis Group has undertaken significant studies that influence public policy. For example, the firm has been commissioned to evaluate the economic impact of proposed legislation (like healthcare reforms or environmental regulations) by using simulation models to forecast outcomes on costs, employment, and industry viability. In one influential study, Analysis Group assessed the potential economic effects of certain climate change policies on the power sector, and that analysis was cited in policy debates. The firm’s work in this area often becomes public record and part of the dialogue among policymakers and stakeholders, demonstrating how its expertise extends beyond private disputes into societal issues.

Each of these examples reflects a facet of Analysis Group’s expertise – from antitrust and mergers to healthcare, finance, and intellectual property. The common thread in these landmark matters is that Analysis Group was called upon to provide clarity in complex situations: translating heaps of data and economic theory into clear insights that decision-makers (be they judges, juries, regulators, or corporate boards) could rely on. The outcomes of many of these cases – be it a merger approval, a court victory, or a major settlement – have further cemented Analysis Group’s reputation. In high-profile arenas such as tech antitrust or pharmaceutical litigation, the firm is recognized as a key player working behind the scenes to shape the arguments and evidence. This track record of notable projects not only demonstrates the firm’s capabilities but also contributes to its institutional knowledge, feeding back into the thought leadership and training of new consultants. As a result, when new complex challenges arise in the economy or legal system, Analysis Group is often at the forefront, ready to tackle the next landmark case with its characteristic analytical prowess and collaborative spirit.

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