Draft:Lane Clark and Peacock

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Lane Clark & Peacock LLP (LCP) is a professional services consultancy based in the United Kingdom.[1] The firm, which operates independently, was founded in 1947 as a sole practice and adopted its current name in 1962. As of 2024, LCP employs approximately 1,200 staff, including 174 partners.

LCP provides a range of services including pensions actuarial[2][3] and investment consulting, insurance consulting, energy consulting.[4], and health[5] and sports analytics.[6] The firm's client base includes over 800 organisations, among which are 43 companies listed on the FTSE100 services.

LCP operates from offices in London, Winchester, Edinburgh, Cambridge, and Paris. LCP Ireland, a wholly owned subsidiary, is located in Dublin.

Structure

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LCP is structured as a Limited Liability Partnership (LLP). The partners own the majority of the business, with a minority non-controlling stake held by private equity firm Charterhouse.[7] An Executive Committee (ExCo), chosen by the partners, oversees daily operations and reports to the firm's Board.

History

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1996: LCP expanded by acquiring Ernst & Young’s pensions practice.

2004: The firm launched LCP Trustee Consulting and LCP Corporate Consulting.

2006: Introduced covenant advisory services.

2007: Facilitated Hunting plc’s first pensioner buy-in.[8][9]

2010: Established LCP Energy[10], focusing on energy consulting.

2017: Consolidated its Defined Contribution (DC) consulting, communications, and investment services into a single practice.

2019: Launched the AI tool, LCP Enact.[11] As part of a leadership restructure, partners Aaron Punwani[12], Thomas Porter and Carla Lakey were made CEO, Strategic Director and Head of People, respectively.[13]

2020: Created LCP Health Analytics[14], led by Dr Jonathan Pearson-Stuttard[15], and welcomed former pensions minister Sir Steve Webb as a partner[16]. LCP’s partners increased their ownership of the firm with the support of Charterhouse capital[17]

2022: Acquired Delta EE, an energy transition consultancy, forming LCP Delta.[18] LCP Delta supports companies working and investing in the energy transition.

2024: Reported a record income of £210 million, marking an 11% growth from the previous year.[19][20]

References

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  1. ^ "Lane Clark & Peacock LLP - Company overview". Bloomberg.
  2. ^ "Insurers ready for £100bn sell-off of UK government bonds".
  3. ^ Affairs, Great Britain: Parliament: House of Lords: Select Committee on Economic; Wakeham, Lord John Wakeham (2006-06-07). Government Policy on the Management of Risk: 5th Report of Session 2005-06. The Stationery Office. ISBN 978-0-10-400869-0.
  4. ^ https://www.ft.com/content/7939ffca-b585-4e37-a5b1-e713f9300836
  5. ^ "Disability benefits cost could rocket, report says". BBC News. 18 September 2023.
  6. ^ Bosher, Luke. "English football finances in 'precarious position' - report". The New York Times.
  7. ^ "Charterhouse Capital Partners announces investment in Lane Clark & Peacock | Charterhouse".
  8. ^ "Buy-in market celebrates 10th anniversary". 26 January 2017.
  9. ^ Davidson, Alexander (2010-04-03). How the City Really Works: The Definitive Guide to Money and Investing in London's Square Mile. Kogan Page Publishers. ISBN 978-0-7494-5969-7.
  10. ^ Ambrose, Jillian (13 September 2021). "Britain's last coal power stations to be paid huge sums to keep lights on". The Guardian.
  11. ^ "Current± Price Watch: Stable energy prices reflect steady price cap prediction". 15 May 2023.
  12. ^ "Aaron Punwani, Lane Clark & Peacock: Profile and Biography". Bloomberg News.
  13. ^ "Exclusive: LCP appoints first CEO in management structure shake-up". 28 May 2019.
  14. ^ "Health inequalities in 2040: future governments will need to think locally when designing policies". BBC News. 23 April 2024.
  15. ^ Whose Health is It, Anyway?. Oxford University Press. 19 November 2020. ISBN 978-0-19-886345-8.
  16. ^ "Steve Webb leaves Royal London".
  17. ^ https://www.penews.com/articles/charterhouse-backs-uk-pension-consultancy-lcp-in-300m-deal-2020120
  18. ^ https://www.scotsman.com/business/edinburgh-based-energy-consultancy-delta-ee-snapped-up-3675807
  19. ^ "LCP posts double-digit rise in revenues". 11 July 2024.
  20. ^ "LCP annual reports".