{ "media_type": "text", "post_content": "Fish that have already made it onto the buyside - honest thoughts on LEK? We do a ton of CDD, VDD, growth strategy, etc. and just curious how we are perceived. Thanks in advance!", "post_id": "6189cee39ddde6002ff79298", "reply_count": 21, "vote_count": 7, "bowl_id": "5b7c3919448e9300186d3deb", "bowl_name": "Private Equity and the Buy Side", "feed_type": "bowl" }

Fish that have already made it onto the buyside - honest thoughts on LEK? We do a ton of CDD, VDD, growth strategy, etc. and just curious how we are perceived. Thanks in advance!

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BEST of non-MBB, along with Parthenon and maybe OW / Strategy& Deals. Probably tough to get MF/UMM looks, but MM very possible

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Yeah in uk

likesmartfunny

LEK is pretty decent

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No, joined PE right out of college, currently doing grad school and pivoting to VC

Cheap and work seems recycled. Haven’t personally used LEK but the sell side reports I see from them are just jam packed with content and only maybe 20% of it is actually useful

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My team uses 100% Bain. I quite enjoy their work - very concise and have creative ways to tackle diligence questions. They work really hard and are way more integrated with ou deal team vs my time at BCG PIPE

Former LEKer.

From my experience, LEK is a factory that churns out a very specific product based on the relative consistency of its project types: that product is ~2-3 YOE professionals who are efficient workers, willing to grind, make pretty slides, can conduct primary research, and lack skepticism of middle market healthcare roll-ups.

If you’re working there, look at it as a bootcamp to build a broadly applicable set of skills and maintain a healthy skepticism of your superiors and the usefulness of the 30 slides in the appendix

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Can you expand on your point around lacking skepticism?

LEK is great, have seen lots of sell side market reports. I like them. Think we’d hire LEK maybe for simple market work but for more complicated topics still would only go with MBB

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This for us too

Keep on keeping on

We mainly use McKinsey and Bain and sometimes use EYP because we use them for technology diligence so occasionally bundle. Tech focused PE

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