West Monroe Partners

West Monroe's team is made up of an uncommon blend of business savvy consultants and technical experts that work together to achieve sustainable success. Our business consultants are driven by opportunities to contribute to your commercial success. We partner with you to help generate revenue, reduce costs and transform your thinking, operations, and capabilities. We are at our best when your objectives demand tightly managed efforts that make direct progress toward clear business purposes.

We are also deep technical experts. We are dedicated to building solutions that address the toughest technology and business challenges. We don't hawk laundry lists of technologies. We prefer you measure our work on its significance—the impact we have on your business and the value we create.

Our teams are not siloed by skill-set, and more often than not, at the individual level we possess the right balance of business acumen and technical experts to drive change and produce real results. Our multidisciplinary teams are highly skilled, work fluidly across diverse industries, requirements and technologies, and show early results in an iterative manner.

We thrive in high pressure, high stakes environments and own the outcomes of our work.^[1] In a unique model, all employees share equity as part of the firm's Employee Stock Ownership Plan (ESOP), lending meaning to the firm's name. The firm is one of the fastest growing consulting firms based out of the United States and has been named a "Best Company to Work For" by Crain's Chicago Business, Consulting Magazine, Chicago Tribune, and Seattle Business Magazine.

Office locations

West Monroe has ten offices in North America, including Chicago (headquarters), Columbus, Seattle, New York City, Los Angeles, Raleigh, Minneapolis, Dallas, San Francisco, and Bentonville. ^[2]

History

2002-2004: formative years

In April 2002 four former Arthur Andersen consultants founded West Monroe Partners at Miller’s Pub in Chicago.^[3] That group — which included Dean Fischer (currently Chairman of the Board) and Kevin McCarty (currently CEO) — established West Monroe Partners LLC, with the name deriving from Arthur Andersen's address on West Monroe Street in Chicago.^[4] Dean Fischer became the company’s first president and CEO.^[5]

The firm began serving its first client, Equity Marketing Services, in June 2002, and went on to deliver business and technology consulting services to a variety of mostly Midwestern clients from its Chicago office.^[6] In mid-2004, West Monroe Partners hired its 50th employee and launched its first website.

2005-2009: expansion years

The years between 2005 and the end of the decade marked a period of expansion for West Monroe Partners.^[7] In 2005, the firm opened three new offices in Montreal (January), Seattle (October), and Columbus, Ohio (December).^[8] During this year, the firm reached $10 million in revenue and hired its 100th employee, including members of West Monroe’s first university recruiting class.^[9] In 2006, the National Association for Business Resources named West Monroe Partners one of its “101 Best and Brightest Companies to Work For” in Chicago.^[10] Since then, it has garnered similar accolades locally in Chicago, Seattle, and Columbus, as well as nationally from Consulting Magazine and Vault.com.^[6][11][12]

Expansion continued with the mid-2006 opening of a Toronto office and merger with LxLi, a consulting firm specializing in labor management and engineered labor standards.^[13] In 2007, West Monroe Partners opened an office in New York City (April) and one in Dallas (September).^[14][15]

West Monroe Partners established in 2007 a formal, 13-member Board of Managers. During this period, the firm started practices to serve specific industries; for example, the Energy & Utilities practice, which has worked with utilities across the country to plan and advance smart-grid strategies.^[16][17] During the latter years of the decade, West Monroe Partners also began to focus on multi-faceted business transformations.^[18]

2010-present

In March 2010, West Monroe Partners entered an international consulting alliance with BearingPoint, which has strong European roots.^[19]

In April 2012, West Monroe Partners celebrated its tenth anniversary in business. Later that year, in September, it named co-founder Kevin McCarty as president.^[20] Dean Fischer retains the role of CEO. The firm added an eighth office in Minneapolis in late 2012.^[21]

At the end of 2012, West Monroe Partners reorganized as an employee stock ownership plan.^[22]

In October 2014, president and co-founder Kevin McCarty was named as CEO. He replaced Dean Fischer, who retired and transitioned to the role of executive chairman of the board of managers.

^[23]

Global alliance

In 2010, West Monroe Partners announced a strategic consulting alliance to expand their global market coverage and to better provide services to their international clients. Both firms offer business consulting services to help solve their clients’ most important and broader business issues. While BearingPoint has European roots, West Monroe Partners is active in the North American management consulting market.^[24]

Industry specialization

West Monroe Partners maintains specialized capabilities in eight industries:

• Banking and Credit Unions
• Private Equity
• Insurance
• Healthcare
• Life Sciences
• Energy and Utilities
• Manufacturing and Distribution
• Retail

Competitors

West Monroe Partners’ competitors range from niche consulting firms with specific industry, functional, and technical expertise to the largest global management and technology consulting firms.

Recruiting

West Monroe Partners has a team of more than 700 professionals with diverse skills: strategic and tactical, business and technology, functional and process, industry and market focused.^[22] It recruits a mix of experienced personnel (approximately 67 percent of new hires) and entry-level consultants (approximately 33 percent of new hires).^[25]

The firm uses a variety of methods to source talent, including employee referrals, social media and networking, staffing partnerships, and campus activities.

Publishing

West Monroe Partners publishes a quarterly newsletter for clients, as well as several industry-specific newsletters for companies in the energy and utilities, banking, and insurance industries. These ongoing newsletters highlight key industry trends and issues facing C-level executives.

West Monroe Partners has also been published in the following:

• Top cybersecurity mistakes health organizations make: by Sean Curran and Will Hinde, as featured in Managed Healthcare Executive
• A Force Awakens: What Star Wars Can Teach Us About Customer Experience: by Mike Manfredo, as featured in Business 2 Community
• Demystifying “Green” Supply Chains: 5 Steps for Manufacturers: by Yves Leclerc, as featured in IMT Green & Clean Journal
• How Can M&D Successfully Navigate M&A?: by Tom Ewers and Roland Wilson, as featured in Industry Today
• 4 Steps to Accomplish a Successful Energy Overhaul: by Tom Hulsebosch and Jeff Smith, as featured in Energy Manager Today
• You Don’t Have a Big Data Problem. You Have Hundreds of Little Data Problems: by Wally Powers, as featured in Supply Chain Brain
• Sustainability and The Supply Chain: How To Reduce Cost And Save The Environment: by Yves Leclerc, as featured in Manufacturing Business Technology
• Order Selector Training is an Investment, Not a Cost: by Chris Begley, as featured in Material Handling & Logistics
• As featured on NBC 5 Chicago's website. NBC Chicago takes a tour inside our Chicago office which is now LEED-certified to the Gold level.
• West Monroe Partners Restructures as Employee Stock Ownership Plan
• One Seattle Company’s Non-Traditional Way of Holiday Giving: by Kyle Hutchins, as featured in Seattle Business Magazine's blog

Awards

West Monroe Partners has earned recognition nationally and locally as for its performance and people practices.

• Seattle Business Magazine, Best Company Headquartered Outside Washington (2011-2015)
• Crain's Chicago Business, Fast Fifty (2008, 2009, 2011, 2012, 2013 and 2015)
• Vault Consulting 50, Best Consulting Firm to Work For (2011, 2012, 2013)
• Columbus Business First, 2011 Best Places to Work
• Chicago Tribune, Top Workplace (2010, 2011, 2012)
• Brill Street + Company, Inc., Top 50 Generation Y Employers in Chicago (2009, 2011 and 2013)
• Consulting Magazine, Best Firms to Work For (2009, 2010, 2012, 2013, 2014 and 2015)
• Crain’s Chicago Business, 20 Best Places to Work 2009
• National Association of Business Resources, Chicago’s 101 Best and Brightest Companies to Work For (2006, 2007, 2008, 2009 and 2012)
• Consulting Magazine, Small Jewels (2005)
• Puget Sound Business Journal, Washington’s Best Workplaces Finalist – Small Category (2012, 2014 and 2015)
• Building a Healthier Chicago, Excellence in Workplace Wellness (2012)
• MSPMentor Top 501 Managed Services Providers List, (2013)

References

1. ↑ "West Monroe Partners Company Overview by Bizofit". 
2. ↑ "Company Overview of West Monroe Partners LLC". Bloomberg BusinessWeek. Retrieved 19 April 2013. 
3. ↑ Staff (1 June 2009). "Chicago's Best Places to Work". Crain's Chicago Business. Retrieved 19 April 2013. 
4. ↑ Staff (November 28, 2011). "In Brieft". Chicago Real Estate Daily. Retrieved 19 April 2013. 
5. ↑ "Top 25 Consultants of 2010". Top 25 Consultants of 2010. Kennedy Information. Retrieved 19 April 2013. 
6. 1 2 Vault. "Vault Rankings 2013". Vault.com Inc. Retrieved 19 April 2013. 
7. ↑ Staff. "Inc Company Profiles". Inc 5000. Mansueto. Retrieved 19 April 2013. 
8. ↑ BusinessWire (14 August 2012). "West Monroe Partners Named one of Washington’s Best Workplaces". Retrieved 19 April 2013. 
9. ↑ Staff. "West Monroe Partners Named Finalist for ITA CityLIGHTS Award". PressReleasePoint. Retrieved 19 April 2013. 
10. ↑ "Chicago's Best and Brightest Companies to Work For". National Association of Business Resources. Retrieved 19 April 2013. 
11. ↑ Staff Report. "West Monroe Partners". Best Firms to Work For. Retrieved 19 April 2013. 
12. ↑ Buchanan, Doug (30 September 2011). "Best Places to Work finalists announced". Business First Columbus. Retrieved 19 April 2013. 
13. ↑ "West Monroe Partners and LxLi Announce Merger Agreement". Information Management. 17 April 2006. Retrieved 19 April 2013. 
14. ↑ "West Monroe Partners Continues Growth With Sixth Practice Opening; Will Focus On Financial Services". PRNewswire. 5 May 2007. Retrieved 19 April 2013. 
15. ↑ "West Monroe Partners Opens Dallas Office". The Free Library. 7 May 2007. Retrieved 19 April 2013. 
16. ↑ "Alameda Smart Grid" (PDF). PDF. Retrieved 19 April 2013. 
17. ↑ "The Smart Grid Journey: Embarking on Utility Transformation". Marcus Evans. Retrieved 24 April 2013. 
18. ↑ "West Monroe Drives Business Transformation Program for Prominent Dental Payer". West Monroe Drives Business Transformation Program for Prominent Dental Payer. Creds. Retrieved 19 April 2013. 
19. ↑ "BearingPoint and West Monroe Partners in Global Alliance". Big 4. 15 April 2010. Retrieved 19 April 2013. 
20. ↑ "Kevin McCarty Promoted to President at West Monroe Partners". 4 May 2012. Retrieved 19 April 2013. 
21. ↑ "West Monroe Partners Opens Office in Minnesota". A Generation of New Technology. 12 December 2012. Retrieved 19 April 2013. 
22. 1 2 "The Business and technology consultancy has restructured as an Employee Stock Ownership Plan trust". The Daily Herald. 5 February 2013. Retrieved 19 April 2013. 
23. ↑ "Crain's Company Profiles". Crain Communications. Retrieved 19 April 2013. 
24. ↑ "BearingPoint and West Monroe Partners enter into Strategic Consulting Alliance". BusinessWire. 24 March 2010. Retrieved 19 April 2013. 
25. ↑ "West Monroe Partners". Glassdoor. Retrieved 19 April 2013. 

External links

• Official Web Site