![]() CRA's work forecasting the impact on employment of the 2003 Climate Stewardship Act was criticized by the Natural Resources Defense Council in 2005 for using unrealistic economic assumptions and producing directionally incorrect estimates. CRA called the Clinton administration's projections for costs of compliance with the Kyoto Protocol wildly optimistic, and argued that compliance would take a "healthy whack out of the economy". ![]() Prior to the 1992 Earth Summit in Rio de Janeiro and the 1997 Kyoto summit (that led to the Kyoto Protocol), the fossil fuel industry used reports authored by CRA and funded by the fossil fuel industry to argue that US compliance with climate policy would be economically disastrous. Economic forecasts used to oppose climate policymaking In 2022, CRA acquired life sciences firm bioStrategies Group and labor-focused firm Welch Consulting. In 2017, CRA acquired life sciences strategy firm C1 Consulting. Under this principle, senior executives should set performance targets in terms of delivering shareholder returns (stock price and dividends payments) and managing to achieve them. This management principle, also known as managing for value (MFV), states that management should first and foremost consider the interests of shareholders when making management decisions. Marakon Associates was founded in 1978 and pioneered value-based management (VBM) from the mid-1980s based on the academic work of Dr. Marakon, which CRA acquired in 2009, forms part of their management consulting practice. In 2005, CRA acquired economic consultancy firm Lexecon to expand its practice into Europe and the United Kingdom. The company went public through an initial public offering in April 1998. History ĬRA was founded in 1965 by Jerry Kraft, John Kaler, and Alan Willens. Their practices include: antitrust & competition economics, auctions & competitive bidding, energy, finance, financial economics, forensic services, intellectual property, labor & employment, life sciences, Marakon (management consulting), risk investigations & analytics, and transfer pricing. The firm provides expert testimony and litigation support, strategic advice, and analysis to law firms, corporations, accounting firms, and governments. ![]() Note: For information on Marakon, a CRA subsidiary, please refer to Firsthand's profile of Marakon.Charles River Associates (legally CRA International, Inc.) is a global consulting firm headquartered in Boston. It also has a number of newsletters that focus on the energy industry, accounting and valuation, antitrust and competition issues, financial markets, life sciences, transfer pricing, and the oil and gas industry, among other subjects. ![]() CRA also offers business advisory services, including strategy development, valuation of tangible and intangible assets, risk management, and transaction support.ĬRA is a prolific publisher, regularly putting out studies, surveys, and reports. Service offerings include class certification, damages analysis, expert reports and testimony, and regulatory analysis. CRA's consultants and academic affiliates have in-depth industry knowledge and expertise in economics, accounting, finance, and business. Law firms, businesses, and government agencies turn to the firm for its litigation support, expert analysis, and guidance on regulatory and corporate matters. Under the former, its consultants offer advice on corporate and business unit strategy, performance improvement, portfolio management, market supply-demand dynamics, pricing, technology management, capital allocation, and managing for value. Among those industries are banking and capital markets, capital projects, chemicals, communications and media, energy and utilities, entertainment, financial services, health care, insurance, life sciences, manufacturing, metals, mining, & materials, oil and gas, pharmaceuticals, retail, sports, telecommunications, and transportation.ĬRA has grown its two main areas of business recently: management consulting and litigation services. Clients engage CRA for its combination of analytical rigor, functional expertise, and industry knowledge, and for its objective solutions to complex problems.Ĭlients include national and international companies federal, state, and local government agencies and foreign governments public and private utilities and trade associations, which operate in a number of industries. CRA advises clients on economic and financial matters pertaining to litigation and regulatory proceedings and guides corporations through critical business strategy and performance related issues. Charles River Associates is a global consulting firm specializing in economic, financial, and management consulting services.
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