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CRA International Completes Acquisition of the Former Lexecon Ltd Business

The company that has been known in Europe as Lexecon Ltd for the past fifteen years has now been acquired by CRA International. The transaction, which completed on June 16th, brings together a leading global provider of competition and litigation advice with the established position and profile of the former Lexecon Ltd in Europe. This combination immediately creates a stronger integrated worldwide competition and litigation practice, with a unique pool of talent, case record and academic credibility to serve our clients even more effectively.

The firm is a leading provider of competition economics in Europe, involved in many of the high-profile cases of the last few years - from Airtours to GE/Honeywell, Tetra/Sidel, Microsoft and Oracle/Peoplesoft. With its London headquarters and an established Brussels office, as well as a recently opened office in Germany, the firm is currently advising on major matters before the European Commission, the CFI, and the competition and regulatory authorities of several Member States, as well as on major cases in South Africa, Hong Kong, Singapore and elsewhere.

CRA International is one of the world's leading economic and financial consulting firms. Its competition practice includes approximately 165 economists in 15 cities (including in London, Boston and Washington DC), and numbers some of the world's leading academic economists among its staff - such as Frank Fisher, Steve Salop and Carl Shapiro. Several CRA staff and academic consultants have held high-ranking positions with the US Department of Justice or Federal Trade Commission.

James Burrows, President and CEO of CRA International said that the transaction "creates a stronger unified worldwide practice with a unique pool of talent, case record and academic credibility. This development is an important step forward that will enable us to serve our clients even more effectively."

Former Chairman of Lexecon Ltd Bill Bishop added "CRA is a leading economic and financial consultancy in the US and in the world in general, while we are a market leader in Europe in competition economics. We think the combination is a perfect fit, both in terms of the geographic complementarity and cultural compatibility."

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