Analysis Group, Inc. at a Glance


  • "Challenging work; interesting, friendly people."
  • "Fairly easy to shape your own experience."
  • "Culture and intellectual challenge."


  • "Occasionally rote analysis, although I know that this is germane to the industry."
  • "Uncertainty of hours."
  • "Litigation deadlines are hard to move."

The Buzz

  • "Sharp, but small."
  • "Known for high caliber work."
  • "Academic, stodgy."
  • "Leaders in economic consulting."

About Analysis Group, Inc.

Boston-based Analysis Group provides expertise in economics, finance, health care analytics, and strategy to top law firms, Fortune 500 companies, global health care corporations, and government agencies. Much of the firm's work is grounded in economic analysis-whether that is a quantitative assessment related to 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 executives. The firm also has a robust health care practice. 

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 provision of expert testimony. The recent economic crisis resulted in a big uptick in engagements involving analysis of complex securities and related litigation, such as derivatives and credit default swaps, as well as securitized assets at the center of the subprime housing fallout, and assisting a wide range of participants in financial markets. 

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 and competition analyses, intellectual property, and tax issues. The firm's large and growing health care practice 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. economists sought to fuse academic practice with business litigation consulting by applying economic research to distill complex situations into narratives with powerful effect when introduced at trials. The firm primarily consulted on mergers and acquisitions to start; today, its consultants - working from nine offices in the United States and two internationally in Montreal and Beijing - have experience in all areas of economics as it applies to the legal and business world, including securities, health care, energy, intellectual property, antitrust, and commercial litigation and damages. 

Principled professionals

The firm adheres to four operating tenets, which give shape to a kind of business philosophy. The first is access: Analysis Group maintains close ties to specialists-top minds in academia, leaders in their respective industries, 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 overcome business and legal hurdles. The second is collaboration: The firm encourages strong relationships within consulting teams and between teams and clients, which ultimately improves communication, effectiveness, and satisfaction. The third 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. The final tenet is pragmatism: Analysis Group believes all strategies should focus on relevant, applicable solutions in the business or legal world. 

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. 


April 2015

Investment Claims against Greek Government Dismissed

In an arbitration initiated at the International Centre for Settlement of Investment Disputes (ICSID) by the Slovak bank, Postova Banka, and its former Cypriot shareholder, Istrokapital, Greece successfully secured the dismissal of all claims. The claimants sought payment based on their interests in Greek bonds (the "GGBs") that were restructured in Greece's 2012 sovereign debt exchange following multinational negotiations to reconcile Greece's sovereign debt crisis. The claimant's interests in GGBs were reportedly more than €500 million prior to the debt restructuring in 2012. An ICSID tribunal found that it did not have the jurisdiction to rule on the matter because the GGBs were not protected investments under the bilateral treaty between Slovakia and Greece.  A team from Analysis Group -- including Managing Principal Gaurav Jetley, Principal Elizabeth Eccher, and Vice President Lindsay Greenbaum -- was retained on behalf of the Hellenic Republic by Cleary Gottlieb Steen & Hamilton LLP. Analysis Group supported two academic affiliates who testified at the arbitration. Read more

February 2015

New Study Shows Annual Costs of Major Depressive Disorder Sufferers in the United States Top $210 Billion

A new study published in the Journal of Clinical Psychiatry ("The Economic Burden of Adults with Major Depressive Disorder in the United States (2005 and 2010)," February 2015) found that the economic burden of individuals in the United States suffering from major depressive disorder (MDD) rose 21%, from $173.2 billion in 2005 to $210.5 billion in 2010. The study also found that the 2008 economic recession made it particularly hard for those suffering from depression to retain their jobs.  The study - led by Analysis Group Managing Principal Paul Greenberg, along with Manager Andrée-Anne Fournier, Vice Presidents Tamar Sisitsky and Crystal Pike, and Professor Ronald C. Kessler of the Harvard Medical School - follows on the authors' previous landmark studies on the societal costs of depression published in 1993 and 2003. Read more.  

Energy Study: EPA's Clean Power Plan Will Not Jeopardize the Reliability of U.S. Power System

The design and implementation of the U.S. Environmental Protection Agency's (EPA) Clean Power Plan, which is intended to reduce the U.S. electric system's CO2 emissions by 30 percent from 2005 levels by 2030, will not jeopardize or compromise the reliability of the U.S. power system, according to a study by Analysis Group energy experts. The report, "Electric System Reliability and EPA's Clean Power Plan: Tools and Practices," addresses the impact of ongoing changes in the energy industry for stakeholders and offers recommendations to ensure reliability. The report demonstrates that "the industry, its reliability regulators, and the States have a wide variety of existing and modified tools at their disposal to help as they develop, formalize, and implement their respective State Plans." The Analysis Group team, led by Senior Advisor Susan Tierney, Vice President Paul Hibbard, and Manager Craig Aubuchon, analyzed the meaning of electric system reliability for key stakeholders, the concerns of commentators related to the EPA Clean Power Plan, and options to ensure that the plan is implemented in conjunction with electric system reliability. Read more

January 2015

Partners HealthCare System's Proposed Acquisition Settlement Rejected by Massachusetts Superior Court

A Suffolk County Superior Court judge rejected a proposed settlement that would have allowed Partners HealthCare System to acquire three community hospitals north and south of Boston, Massachusetts. The proposed deal - which had been negotiated between Partners and the Massachusetts Attorney General's Office as a result of its investigation into the acquisitions - would have allowed Partners to acquire South Shore Hospital, Harbor Medical Associates, and Hallmark Health Corporation in return for agreeing to a handful of conduct stipulations for a period of time, including a prohibition on joint contracting, price caps, and temporary limits on future expansion. Superior Court Judge Janet L. Sanders - who described the written comments from the Massachusetts Health Policy Commission (HPC) as "invaluable" in reaching her opinion - found that the settlement did not sufficiently address the competitive concerns associated with the acquisitions.  Managing Principal Tasneem Chipty serves as an expert advisor to the HPC.  Dr. Chipty and an Analysis Group team that included Vice President Greg Rafert, Manager Daniel Andersen, and Associate Ben Landsberg participated in the HPC's cost and market impact reviews (CMIRs) of Partners's proposed acquisitions and assessed their anticipated competitive effects. Read more.

November 2014

Analysis Group Ranked a Top Place to Work for Seventh Consecutive Year by The Boston Globe

Analysis Group ranked seventh in the "large company" category of the Boston Globe's 2014 "Top Places to Work" in Massachusetts survey. The survey results are based on input from more than 73,000 employees from 366 Massachusetts organizations. Analysis Group has consistently appeared in the Boston Globe's rankings for the past seven years and was ranked first overall in the large company category in 2012 and 2013. The annual "Top Places to Work" survey honors employers in four size groups: small, medium, large, and largest. The survey recognizes the most admired companies in Massachusetts, based on employees' opinions about the leadership, appreciation, career opportunities, compensation, and management practices in their organizations. Read more.  

October 2014

President and CEO Martha Samuelson Interviewed on the Firm's Expertise and Growth 

In an interview with Leaders magazine, "Removing Barriers to Growth" (October 2014), Analysis Group President and CEO Martha Samuelson discussed the values and collaborative culture that have been critical to the firm's success. Reflecting on the growth of the firm from "around 70 people" in 1992 to "almost 700" in 2014, Ms. Samuelson emphasized the importance of Analysis Group's business model: "We run the firm genuinely as one firm. We have one P&L for the whole organization as opposed to P&Ls for practice areas or offices," Ms. Samuelson explained. "This encourages collaboration and allows our clients to be directed to the best possible resources within the firm." She also acknowledged the challenges and opportunities related to maintaining the firm's values as it continues to increase in size and scope. Ms. Samuelson explained that while "about three-quarters of the firm's work" comes from often high-profile litigation work, non-litigation work, particularly in health care consulting, has continued to grow as well. Read more

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Analysis Group, Inc.

111 Huntington Avenue
Boston, MA 02199
Phone: (617) 425-8000
Fax: (617) 425-8001


  • Employer Type: Private
  • President & CEO: Martha S. Samuelson
  • 2015 Employees: 682

  • Employment Contact

  • Major Departments & Practices
    Antitrust & Competition
    Class Certification
    Commercial Disputes
    Energy & Environment
    Government & Corporate Investigations
    Health Care
    Intellectual Property
    Media, Entertainment & Communications
    Securities, Financial Products & Institutions
    Statistics & Sampling
    Strategy, Policy & Analytics
    Surveys & Experimental Studies
    Tax & Accounting
    Transaction & Governance Litigation

Major Office Locations

  • Boston, MA (HQ)
  • Chicago, IL
  • Dallas, TX
  • Denver, CO
  • Los Angeles, CA
  • Montreal
  • Menlo Park, CA
  • New York, NY
  • San Francisco, CA
  • Washington, DC
  • Beijing
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