Boston-based Analysis Group, Inc. provides economic, financial,
and business strategy consulting to law firms, corporations, and
government agencies. Much of the firm's work is grounded in
economic analysis-whether that be a quantitative assessment related
to a litigation, quantifying the impact of a disease on the U.S.
economy, or developing a model for a client's corporate strategic
planning exercise. To date, Analysis Group has provided support in
litigation matters for attorneys at more than 500 law firms,
including the 25 largest firms in the country, and has worked with
Fortune 100 companies, consulting to general counsels and senior
For law firms, the firm's consultants help with pretrial
discovery, development of economic and financial models,
preparation of testimony, critique of opposing experts' analyses,
and providing expert testimony, in addition to other aspects of
litigation. The ongoing economic crisis has resulted in a big
uptick in engagements involving analysis of complex securities,
such as derivatives and credit default swaps, as well as
securitized assets at the center of the subprime housing fallout,
and assisting troubled and bankrupt companies. Corporate and
government clients call on the firm for help with a variety of
business issues, including company and asset valuations,
cost-effectiveness analyses, market analyses, evaluation of mergers
and acquisitions, financial planning, and tax issues. The firm also
has a large and growing health care practice that integrates
outcomes research, epidemiology and drug safety studies, as well as
litigation support, and pricing and product strategy.
Close-but not inside-the ivory tower
Former Arthur D. Little consultants Bruce Stangle and Michael
Koehn founded Analysis Group in 1981 in Belmont, MA. The two
Ph.D.-carrying brains sought to fuse academic practice with
business litigation by applying economic research. The firm
primarily consulted on mergers and acquisitions to start; today,
its consultants, working from 9 offices in the United States and
internationally from Montreal and a new Beijing office, opened in
2012, have experience in all areas of economics as it applies to
the legal and business world, including securities, health care,
bankruptcy, intellectual property, antitrust, and commercial
litigation and damages.
The firm adheres to four operating tenets, which give shape to a
kind of business philosophy. First is access: Analysis Group
maintains close ties to specialists-top minds in academia, leaders
in industry, and government insiders-to ensure that clients have
access to the best people and ideas. Consultants work closely with
a network of such experts to offer clients quantitative analysis
and hands-on experience to help resolve business and legal hurdles.
Second, collaboration: the firm encourages strong relationships
within consulting teams and between teams and clients, which
ultimately improves communication, effectiveness, and satisfaction.
Next is responsiveness, a result of being able to rapidly identify
specialized experts for a case, and a flexible structure that
allows teams to quickly scale up or down as needed. And finally,
pragmatism: Analysis Group believes all strategies should focus on
relevant, applicable solutions.
For each client engagement, Analysis Group's professionals are
grouped into teams, which are tailored according to the needs of
the project and the client. Often, these teams are supplemented by
academic or industry experts from the firm's external network.
IN THE NEWS
Ongoing Google Research
Analysis Group was retained by Google to conduct an ongoing
series of research studies. One of the studies resulted in a white
paper authored by MIT Sloan School of Management professor and
Analysis Group academic affiliate Robert Gibbons and Analysis Group
Vice President Stephen
Cacciola, Ph.D., which examined the potential effects of cloud
computing adoption on productivity and business processes in
organizations. Other research topics concerned European Union
privacy laws and online advertising, the impact of Internet laws on
investment in technology, and an academic analysis of the factors
contributing to innovation.
Cutting Edge Research on the Economic Impact of
Misdiagnosing Alzheimer's at AAIC 2013
Research conducted by a team from Analysis Group and Eli Lilly
and Company on the economic impact of Alzheimer's disease
misdiagnosis was presented at the Alzheimer's Association
International Conference (AAIC) in Boston. Analysis Group
Manager Noam Kirson, Ph.D., presented "Excess Costs
Associated with Misdiagnosis of Alzheimer's Disease among U.S.
Medicare Beneficiaries with Vascular Dementia or Parkinson's
Disease" during the conference's developing topics plenary session.
The research was funded by Eli Lilly, and examined how the
misdiagnosis of Alzheimer's disease in Medicare patients who
actually have vascular dementia or Parkinson's disease leads to
substantial excess costs of care.
"Recent developments in technology have greatly improved our
ability to properly diagnose patients with cognitive impairment,"
Dr. Kirson commented in an AAIC press release. "Our results suggest
that there are economic benefits to properly diagnosing - as early
as possible - the cause of the cognitive impairment among patients
with vascular dementia and Parkinson's disease."
Important Decision on Class Action Certification in an
Analysis Group provided expertise on behalf of Comcast at the
appellate level in a class action matter which was ultimately
resolved at the Supreme Court level. In Caroline Behrend
et al. v. Comcast Corporation, an antitrust suit alleging
monopolization in the Philadelphia cable television market,
Managing Principal Tasneem
Chipty, Ph.D., testified on behalf of Comcast regarding damages
and requirements for class certification. The U.S. Supreme Court
subsequently ruled in favor of Comcast Corporation and addressed
the question of whether "a district court may certify a class
action without resolving whether the plaintiff class has introduced
admissible evidence, including expert testimony, to show that the
case is susceptible to awarding damages on a class-wide basis."
Overturning two lower court decisions, the Court decertified the
class, explaining that "[b]y refusing to entertain arguments
against respondents' damages model that bore on the propriety of
class certification, simply because those arguments would also be
pertinent to the merits determination, the Court of Appeals ran
afoul of our precedents under the proper standard for evaluating
Criminal Price-Fixing Trial
Analysis Group provided expert testimony in a rare criminal
price-fixing trial in California. The U.S. Department of Justice
(DOJ) brought claims of price-fixing in this criminal matter
involving AU Optronics (AUO), several of its executives, and the
market for thin-film-transistor liquid crystal displays (LCD). The
trial was part of a broader, ongoing Antitrust Division
investigation into the LCD industry, alleging that several LCD
manufacturers colluded to set the prices of LCD panels used in a
variety of electronic products. The DOJ claimed that the companies
gained more than $500 million from the cartel arrangement between
2001 and 2006.
Several of the prominent law firms involved in the six-week
trial retained a team from Analysis Group, led by Managing
Principal Bruce Deal and Manager Asta
Sendonaris, to assess multiple economic issues raised in the
case. Mr. Deal testified at trial and opined that the economic data
for AUO was inconsistent with AUO participating in a cartel to
The jury deliberated for seven days and returned a mixed
verdict. It acquitted two of the AUO defendants, failed to reach a
decision on another one of the defendants, and returned guilty
verdicts for the former AUO President and Executive Vice President.
The verdicts are being appealed.
Analysis Group President and CEO Martha Samuelson Shares
Leadership Insights at Yale Leaders Forum
In a wide-ranging discussion with Yale School of Management
Dean Edward A.
Snyder, Analysis Group President and CEO Martha
Samuelson shared her perspectives on leadership, talent
development, and organizational growth, as well as trends in the
economic consulting industry, at the Leaders Forum at Yale
University's School of Management. Segments of the university
lecture series can be found on the Yale
School of Management Site and on YouTube.
The insights shared by Ms. Samuelson-whose interviewer, Dean
Snyder, is an Analysis Group academic affiliate-included the
challenges of establishing a shared culture across a firm with
multiple offices, and approaches to building effective mentoring
relationships. "Picking a mentor for reasons other than the fact
that you deeply connect with somebody is a huge mistake," Ms.
Samuelson explained. "A 'strategic' mentor is not going to help you
out. You want a mentor who is going to be invested in you, [who
will engage in] a reciprocal relationship." Ms. Samuelson also
advised that staff who openly share problems and questions with
their mentors, making it easier for them to offer feedback, will
get the most out of these coaching relationships.
Asked by Dean Snyder about the leadership principles she has
focused on at the helm of Analysis Group, Ms. Samuelson noted
several "profoundly important" guiding values, including
collaboration, teamwork, and respect. "You have a long life, and
what you contribute is going to be measured in lots of ways-and
certainly that's not restricted to the financial," she said.
On the topic of organizational growth, Ms. Samuelson noted that as
Analysis Group evolved, it became clear to the partners that growth
would not always come from the top down. "What has turned out to be
enormously successful [instead] is encouraging people to be
entrepreneurial within the firm," she noted. As an example of this,
she pointed to the growth of Analysis Group's health care practice,
which developed separately from the firm's core litigation
practices and recently established an office in Beijing.
Analysis Group Ranked First in Large Company Category in
Boston Globe's 2012 "Top Places to Work" Survey
Analysis Group was ranked first in the "
large company" category in The Boston Globe's "100 Top
Places to Work" in Massachusetts survey, based on input from
employees. The firm has appeared in the poll the past five
years. The annual "Top Places to Work" poll honors employers
in four size groups: small, medium, large, and largest. The survey
recognizes the most progressive companies in the commonwealth based
on employees' opinions about company leadership, compensation and
training, diversity/inclusion, career development, family-friendly
flexibility, and values and ethics. Private companies, nonprofits,
and publicly held businesses were included in the analysis. The
rankings are based on survey information collected by an
independent company specializing in employee engagement and
retention. To qualify, a company must have more than 100 employees