CRA International Expands Capabilities of Labor & Employment Practice
BOSTON--(BUSINESS WIRE)--June 19, 2008--CRA International, Inc. (NASDAQ: CRAI), a worldwide leader in providing management, economics, and financial consulting services, today announced the continued expansion of its Labor & Employment Practice. Labor economics experts Daniel S. Hamermesh, Ph.D., and David Neumark, Ph.D., will be senior consultants to CRA, helping to meet further demand for sophisticated litigation support services in the labor and employment arena and expanding the firm's capabilities in expert witness testimony.
"Drs. Hamermesh and Neumark are well-published, highly experienced labor economics experts with outstanding academic credentials," said James C. Burrows, CRA's president and chief executive officer. "They are leaders of pioneering research and offer an even greater level of testifying capabilities to our Labor & Employment Practice."
Dr. Hamermesh is a professor of economics at the University of Texas at Austin. He previously taught at Princeton and Michigan State, and is a Fellow of the Econometric Society and Past President of the Society of Labor Economists. His research has concentrated on time use, labor demand, social programs, academic labor markets, and unusual applications of labor economics. He has provided written and oral testimony in individual and class action matters involving EEO issues.
Dr. Neumark is a professor of economics at the University of California, Irvine. His areas of research have included: minimum wages; living wages; affirmative action; age, sex, and race differences in labor markets; the economics of aging; the economics of education; and youth labor markets. He has served as an expert in employment discrimination matters and provided testimony in class action matters involving promotion, training, compensation, and termination.
The Labor & Employment Practice also expanded its international capabilities with the addition of London-based Andrew Hildreth, who joined CRA as a vice president earlier in the year having previously been working for a California-based consulting firm. Dr. Hildreth has worked on a wide range of applied economic problems in the labor and industrial organization fields, including cases involving alleged non-compliance with wage and hour legislation, wrongful termination, and labor market legislation, and continues to work on cases in the U.S. as well as in Europe.
"Our goal is to be a comprehensive resource," said David P. Lamoreaux, vice president and co-practice leader of the Labor & Employment Practice. "With labor legislation constantly evolving and more complex labor issues arising, we're seeing demand for highly sophisticated services across the full spectrum of areas including preventative strategies, economic analyses, expert testimony, and international expertise. Drs. Hamermesh, Neumark, and Hildreth bring first-rate skills that further enhance our talented pool of resources."
In May 2007, David Lamoreaux and Matthew Thompson joined CRA to lead the Labor & Employment Practice. They work with attorneys and human resources professionals to analyze issues concerning Title VII, age discrimination, Fair Labor Standards Act, reductions in force, and more. They are noted for providing estimates of economic losses for individuals and/or classes of individuals in employment discrimination, wrongful death, and wage and hour matters. Both specialize in empirical research and applying statistical techniques to analyses of employment practices, such as compensation, hiring, promotion, and termination as well as discrimination matters.
About CRA International's Labor & Employment Practice
CRA's Labor & Employment Practice provides in-depth analysis, advisory services, expert reports, and testimony on behalf of preeminent law firms, Fortune 500 companies, and government agencies facing complex labor and employment disputes. The practice also assists employers by conducting proactive analyses of employment and contracting practices, monitoring consent decrees and settlement agreements, and designing information systems to track employment data.
About CRA International
Founded in 1965, CRA International is a leading provider of management consulting services and economic and financial expertise. Working with businesses, law firms, accounting firms, and governments, CRA is a preferred consulting firm for complex assignments with pivotal and high-stakes outcomes. The firm is distinguished by a unique combination of credentials: deep vertical experience in a variety of industries; broad horizontal expertise in a range of functional disciplines; and rigorous economic, financial, and market analysis. CRA offers a proven track record of thousands of successful engagements in regulatory and litigation support, business strategy and planning, market and demand forecasting, policy analysis, and engineering and technology management. Headquartered in Boston, the firm has sixteen offices within the United States, and seven offices in Canada, Europe, the Middle East, and the Asia Pacific region. Detailed information about CRA is available at www.crai.com.
Statements in this press release concerning the future business, operating results, estimated cost savings, and financial condition of the Company and statements using the terms "anticipates," "believes," "expects," "should," or similar expressions, are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon management's current expectations and are subject to a number of factors and uncertainties. Information contained in these forward-looking statements is inherently uncertain and actual performance and results may differ materially due to many important factors. Such factors that could cause actual results to differ materially from any forward-looking statements made by the Company include, among others, the Company's restructuring costs and attributable annual cost savings, changes in the Company's effective tax rate, share dilution from the Company's convertible debt offering and stock options, dependence on key personnel, attracting and retaining qualified consultants, dependence on outside experts, utilization rates, factors related to its recent acquisitions, including integration of personnel, clients, offices, and unanticipated expenses and liabilities, risks associated with acquisitions it may make in the future, risks inherent in international operations, the performance of NeuCo, changes in accounting standards, rules and regulations, changes in the law that affect its practice areas, management of new offices, the potential loss of clients, dependence on the growth of the Company's business consulting practice, the unpredictable nature of litigation-related projects, the ability of the Company to integrate successfully new consultants into its practice, intense competition, risks inherent in litigation, and professional liability. Further information on these and other potential factors that could affect the Company's financial results is included in the Company's filings with the Securities and Exchange Commission. The Company cannot guarantee any future results, levels of activity, performance or achievement. The Company undertakes no obligation to update any of its forward-looking statements after the date of this press release.
CONTACT: CRA International, Inc.
James C. Burrows, 617-425-3700
President and CEO
or
Sharon Merrill Associates
Jim Buckley, 617-542-5300
Executive Vice President
SOURCE: CRA International, Inc.