HURON CONSULTING GROUP
We are pleased with the strength of Huron’s businesses entering 2013. We see strong demand in our two largest segments—Health and Education Consulting and Legal Consulting—as these markets continue to be impacted by economic and business pressures. In
our Health and Education Consulting segment, hospital and university clients are facing
similar challenges to reduce costs while enhancing quality. In our Legal Consulting segment, corporate law departments and law firms are under increased pressure to contain
costs. Given the proliferation in electronic data, this industry will continue to face challenges managing the discovery process.
Positioned for Success
We are well positioned to provide our clients with
services that deliver value, and we anticipate that
demand will continue to remain
strong in those businesses during
2013 and beyond. At this stage,
we expect that the same factors
impacting our clients in 2012 will
continue in 2013, and we are expecting reasonably similar growth
patterns across our business segments.
In Healthcare, which is our largest
business, we expect that there will
continue to be uncertainties for
hospitals and health systems that
must adapt to the requirements of
the Affordable Care Act. In addition, there will continue to be reimbursement pressures, and the
need to align physicians to accommodate the transition away
from fee-for-service toward value-based pricing.
There is no question that a bulk of the challenge—
and for us, a bulk of the work—is focused on the
operational aspects associated with implementing
strategies related to these issues.
In our Education business, universities are facing
a confluence of rapidly emerging technological
disruption and public pressure to reduce costs
and improve efficiency. However, universities
often find it more difficult to create institution-
wide change. Our core services are well suited to
this kind of environment, and we expect the fa-
vorable conditions in this practice to continue for
the foreseeable future.
Our Legal Consulting segment, which represents
about 25 percent of our business, is well positioned
to help corporate legal counsel and law firm clients
deal with the technological and economic pressures in e-discovery and matter management. We
are optimistic about market acceptance of Huron
Legal’s new Integrated Analytics offering that is
designed to reduce cost and enhance accuracy
within the discovery process. The addition of capabilities from the AdamsGrayson acquisition in
2012 also strengthens this business.
People, People, People
As always, one of the ongoing challenges of the
consulting business is finding and retaining great
people. We believe that Huron’s culture, collaborative workplace environment, competitive
salaries, and excellent benefits continue to set us
apart from others.
‘Collaboration and Client Service’
Our people and our clients are always our first
priority. The leadership team and everyone at
Huron share a focus on teamwork, collaboration,
and delivering excellent client service. When you
live those priorities every day, they define your
company’s culture. As we look to 2013, we are
very excited about the opportunities before us
based on the strength of our market position in
each of our businesses. We are well positioned to
help our clients address the strategic and operational uncertainties impacting their organizations.
January 2013 Consulting