science

LECG Corporation

LECG Corporation is a science topic covered in the lgStudy science library. This page brings together a partial reference excerpt, illustrations, worked examples, real-world applications and a short study plan, so you can understand LECG Corporation rather than just read about it. In short: LECG Corporation was an American consulting company based in Emeryville, California. It provided independent expert testimony on behalf of corporations, produced authoritative studies for industry, conducted economic and financial analyses on disputes and issues, and provided strategic advisory and financial advisory services to clients.

Key takeaways

LECG Corporation belongs to science; place it in that map before memorising details.
Learn the definition first, then one example that makes the definition concrete.
Connect LECG Corporation to a quantity you can measure, compute or draw — that is where exam questions come from.
Reproduce the core statement of LECG Corporation from memory before moving on to harder problems.

Reference excerpt

LECG Corporation was an American consulting company based in Emeryville, California. It provided independent expert testimony on behalf of corporations, produced authoritative studies for industry, conducted economic and financial analyses on disputes and issues, and provided strategic advisory and financial advisory services to clients. In March 2011, the company was liquidated as it was unable to service its debt obligations.

History In 1988, Richard Gilbert, while on faculty from the University of California at Berkeley formed The Law and Economics Consulting Group, Inc. Its original services included independent expert testimony, authoritative studies and advisory services for regulatory, business and judicial clients. The firm was renamed to LECG in October 1997 and shortly thereafter it went public through an IPO on the NYSE. Navigant Consulting, Inc. (NYSE: NCI) (then The Metzler Group, Inc.) purchased LECG in a deal valued at $214 million. In October 2000 the private equity fund Thoma Cressey Equity Partners and the management team of LECG announced the acquisition of assets from Navigant Consulting. At the time, the firm had more than 300 employees and focused on antitrust, deregulation, damage analysis, economic and financial modeling, and intellectual property rights. In 2003 the firm went public again, this time on the NASDAQ. The firm made acquisitions to expand its geographic footprint and expand its lines of business including: Economic Analysis LLC, Low Rosen Taylor Soriano, Silicon Valley Expert Witness Group, Washington Advisory Group, LLC, Beach & Company International LP, Lancaster Consulting, LLC, BMB Mack Barclay, Inc, The Secura Group LLC On August 18, 2009 LECG announced a merger with SMART Business Advisory & Consulting, LLC, a privately held provider of business advisory services. LECG received a $125 million cash investment from SMART's majority shareholder, Great Hill Partners in exchange for approximately 10.9 million shares of common stock and 6.3 million shares of preferred stock in the combined company. On July 1, 2010, Yuri Rozenfeld assumed the role of General Counsel and Corporate Secretary, replacing Deanne Tully. On August 15, 2010, Warren Barratt assumed the role of Chief Financial Officer, replacing Steve Fife. The firm closed its Emeryville, California office and relocated its back-office to SMART's headquarters in Devon, Pennsylvania. In July 2010, LECG completed its first transaction since completing the merger with SMART, when it acquired Bourne, a UK Tax consultancy. Continued losses, weak demand, high administration costs, and consultant departures, resulted in the forced liquidation of the merged entity in order to satisfy interest and principal obligations due March 31, 2011. On April 5, 2011, Steve Samek announced his resignation along with that of CFO Warren D. Barratt. LECG was delisted from the NASDAQ on April 21, 2011, and has employed the Staten Group, a liquidation firm, to help dissolve its business.

References

Illustrations

Worked examples

Example 1 — a first encounter with LECG Corporation

Start with the simplest possible case. Write down what LECG Corporation claims or describes in one sentence, then invent the smallest concrete situation in which that sentence is true. In science, the smallest case is usually a single object, a single equation or a single measurement. Check that every symbol or term in your sentence has a meaning in that case.

Example 2 — changing one variable

Take the situation from Example 1 and change exactly one quantity: double it, halve it, or set it to zero. Predict what should happen to LECG Corporation before you calculate. Comparing your prediction with the result is the fastest way to find out whether you understand the idea or only the words.

Example 3 — an exam-style question

Typical questions about LECG Corporation ask you to (a) state it precisely, (b) apply it to given data, and (c) explain a limitation. Practise writing all three answers in under five minutes; the third part is what separates a full-mark answer from an average one.

Applications of LECG Corporation

In research: LECG Corporation appears in science research whenever the underlying quantities have to be modelled precisely. Papers usually cite it as a starting assumption and then explore where it breaks down.
In technology and industry: Engineering practice reuses LECG Corporation in design rules, simulations and safety margins. Knowing the idea lets you read a specification sheet and understand why the numbers look the way they do.
In the classroom: LECG Corporation is common in secondary-school and first-year university syllabi. It links to neighbouring topics International management consulting firms, Macroeconomics consulting firms, so understanding it makes those chapters shorter.
In everyday life: Look for LECG Corporation outside the textbook — in sport, cooking, traffic, electronics or the sky above you. An example you found yourself is remembered far longer than one you were given.

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How to study LECG Corporation in 20 minutes

Read the reference excerpt below once, without taking notes.
Close the page and write down what LECG Corporation means in your own words.
Compare your version with the excerpt and mark what you missed.
Work through the three examples above with pen and paper.
Explain LECG Corporation out loud to somebody else — or to Teacher Smith in the lgStudy chat.

Frequently asked questions

What is LECG Corporation in simple terms?

Why does LECG Corporation matter?

Because it connects several science ideas at once: it gives you a definition you can apply, a quantity you can calculate, and a way to check whether a result is plausible.

How should I study LECG Corporation?

Read the excerpt, restate it from memory, then work through the examples and applications listed on this page. The five-step study plan above takes about twenty minutes.

What does this page cover?

It gives you a compact reference excerpt plus original lgStudy explanations, examples, applications and study material on LECG Corporation.