Area served North America
Europe Number of employees 850 (1-25-17) Type of business Privately held company | Key people Kevin McCarty (CEO) Founded 2002 Areas served North America, Europe | |
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Industry Management consulting
Banking
Credit Unions
Capital Markets
Private Equity
Insurance
Healthcare
Life Sciences
Energy
Utilities
Manufacturing
Distribution
Retail Website www.westmonroepartners.com Headquarters Chicago, Illinois, United States | ||
West Monroe Partners is a multinational management and technology consulting firm headquartered in Chicago, United States. West Monroe provides professional consulting services to businesses across nine industries: Banking & Credit Unions, Capital Markets, Private Equity, Insurance, Healthcare, Life Sciences, Energy & Utilities, Retail, and Manufacturing & Distribution. Key services of West Monroe Partners include help desk, infrastructure management, application management and development and data management/reporting. In a unique model, all employees share equity as part of the firm's Employee Stock Ownership Plan (ESOP).
Contents
2016 grad erin mchale joins west monroe partners in chicago as customer experience consultant
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.
2002-2004: formative years
In April 2002 four former Arthur Andersen consultants founded West Monroe Partners at Miller’s Pub in Chicago. 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. Dean Fischer became the company’s first president and CEO.
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. 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. In 2005, the firm opened three new offices in Montreal (January), Seattle (October), and Columbus, Ohio (December). 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. 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. Since then, it has garnered similar accolades locally in Chicago, Seattle, and Columbus, as well as nationally from Consulting Magazine and Vault.com.
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. In 2007, West Monroe Partners opened an office in New York City (April) and one in Dallas (September).
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. During the latter years of the decade, West Monroe Partners also began to focus on multi-faceted business transformations.
2010-present
In March 2010, West Monroe Partners entered an international consulting alliance with BearingPoint, which has strong European roots.
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. Dean Fischer retains the role of CEO. The firm added an eighth office in Minneapolis in late 2012.
At the end of 2012, West Monroe Partners reorganized as an employee stock ownership plan.
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.
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.
Industry specialization
West Monroe Partners maintains specialized capabilities in nine industries:
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 500 professionals with diverse skills: strategic and tactical, business and technology, functional and process, industry and market focused. It recruits a mix of experienced personnel (approximately 67 percent of new hires) and entry-level consultants (approximately 33 percent of new hires).
The firm uses a variety of methods to source talent, including employee referrals, social media and networking, staffing partnerships, and campus activities.
West Monroe Partners was recognized by Consulting Magazine as one of the Best Firms to Work for in their September 2016 edition.
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.
In addition, West Monroe Partners conducts industry-specific surveys around the energy and utilities, mergers and acquisitions, cybersecurity, and healthcare industries to produce three original data studies each year.