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Huron Consulting Group was founded in 2002 with more than 150 former Arthur Andersen consultants, who needed to be "back in business" within 60 days. The Lake PCS team:
- Set up the Huron consultants in five offices across the country with everything from "carpeting to computers."
- With management's feedback, identified and hired key administrative executives, including a CFO, VP of HR, and General Counsel, among others.
- Oversaw the implementation of all back-office systems, including payroll, and a 401(k) and employee stock option plan.
- Worked with management to launch this group of consultants successfully under a new identity.
www.huronconsultinggroup.com
Driveline Retail, formerly Storecast Merchandising Corporation, is a leading provider of merchandising services to national retailers and major consumer products manufacturers. With four acquisitions since Lake's initial investment in a family company with little support infrastructure, Driveline has grown to 10,000 employees servicing 42,000 locations. The Lake PCS Team handled:
- A benefits/compensation consolidation initiative that reduced costs by approximately $900,000.
- Designed and implemented a drug testing policy, launched an HR best practices initiative, and provided dedicated HR assistance until PCS successfully recruited HR personnel.
- Hired a CFO and brought all operations on to a single, integrated back-office system.
- Helped with the rebranding of the company and its relaunch in the marketplace.
www.drivelineretail.com
Archstone Consulting, an independent business strategy and operations consulting firm, was formed as a start-up with a group of senior consultants from leading strategy firms. Similar to Huron Consulting Group, personnel had to be set up in offices - four were set up nationally - and administrative infrastructure had to be put in place, including complete systems and senior administrative executives. In addition, the Lake Team helped:
- "Launch" Archstone in the marketplace to establish credibility and attract clients and staff. PCS identified a PR boutique that could provide senior-level consulting with market-competitive pricing and ongoing attention from the firm's founder and senior staff. Through the PR firm's efforts, Archstone was able to present its business to the marketplace with a full-page article in Fortune, among other press.
- One international acquisition was completed and two offices were opened in Europe.
www.archstoneconsulting.com
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