Huron Consulting Group Prices Initial Public Offering at $15.50 Per Share

CHICAGO October 12, 2004 Huron Consulting Group Inc., (NASDAQ: HURN) today announced that it has priced its initial public offering of 5,000,000 shares of common stock at $15.50 per share.

The offering consists of 3,333,333 shares of stock offered by Huron and 1,666,667 shares offered by a selling stockholder, HCG Holdings LLC. The selling stockholder has granted the underwriters the right to purchase up to an additional 750,000 shares at the initial public offering price.

Huron Consulting Group Inc. common stock is expected to begin trading on the NASDAQ National Market under the ticker symbol "HURN" on Wednesday, October 13.

UBS Investment Bank and Deutsche Bank Securities are acting as joint bookrunning managersfor the offering and William Blair & Company is acting as co-manager.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state. The initial public offering is being made solely by means of a prospectus which may be obtained from UBS Investment Bank, 299 Park Avenue, New York, NY 10171, Telephone: 212-821-3000 or Deutsche Bank Securities, 1251 Avenue of the Americas, New York, NY 10020, Facsimile: 212-468-5333.

About Huron Consulting Group Inc.
Huron Consulting Group Inc. is the parent company of Huron Consulting Services LLC, an independent provider of financial and operational consulting services. Huron’s experienced and credentialed professionals employ their expertise in accounting, finance, economics and operations to a wide variety of both financially sound and distressed organizations, including Fortune 500 companies, medium-sized businesses, leading academic institutions, healthcare organizations and the law firms that represent these various organizations.

Media Contact:
Jennifer Frost Hennagir
312-880-3260
jfrost-hennagir@huronconsultinggroup.com

Investor Contact:
Gary L. Burge, Chief Financial Officer
312-583-8722
garyburge@huronconsultinggroup.com