Berkeley Research Group
Berkeley Research Group, LLC is a global consulting firm that helps organizations with assistance in disputes and investigations, corporate finance, and strategy and operations.
BRG is headquartered in Emeryville, California, with offices across the United States and in Asia, Australia, Canada, Latin America, the Middle East, and the United Kingdom.
History
BRG was co-founded in February 2010 by a group including Dr. David Teece, who has served as its Chairman and principal executive officer.Services
BRG provides economic, financial, and analytical advice for a range of disciplines, including antitrust and competition policy, class action certification, construction, corporate governance, damages analysis, energy, environment and natural resources, finance and valuation, financial reporting evaluation and fraud, forensic financial investigations, health analytics, information technology, insurance and reinsurance, intellectual property, international and domestic arbitration, labor and employment, public policy, and security issues. It also advises clients in industry sectors with compliance, business process improvement, and strategy consulting. Major practice areas include:Healthcare
BRG offers healthcare and life sciences industry expertise.In January 2011, the California Institute for Regenerative Medicine, a state agency created by voters with Proposition 71, the California Stem Cell Research and Cures Act, released an independent economic impact study authored by BRG professionals. The report showed that the first $1.1 billion in grants created 25,000 job years and $200 million in new tax revenue through 2014. Taxpayer funding generates 2,739 jobs annually.
Public policy
Special Advisor Dr. Laura D'Andrea Tyson and directors Dr. Kenneth Serwin and Dr. Eric Drabkin performed "The Benefits for the U.S. Economy of a Temporary Tax Reduction on the Repatriation of Foreign Subsidiary Earnings," a 2011 economic study commissioned by the New America Foundation. The study assessed the effects of a one-time reduction in the tax rate applied to the repatriation of foreign subsidiary earnings on spending, output, and employment in the U.S. economy. The study found that a temporary reduction to approximately 5.25 percent would lead to a significant increase in repatriations, making $942 billion available for domestic use by U.S. multinational corporations.In 2013, the same authors published "Implications of a Switch to a Territorial Tax System in the United States: A Critical Comparison to the Current System." Citizens for Tax Justice wrote that the study "flies in the face of overwhelming evidence that today many of these profits are really earned in the U.S. but characterized as 'offshore' in order to obtain existing tax benefits that would be expanded under a territorial system."
Corporate finance
The Deal ranked BRG second on its List of Top Restructuring Advisers in 2017 and third in 2018.''BRG Review''
BRG publishes the BRG Review, a semi-annual journal featuring original research and analysis by BRG expert consultants. The first issue of the review included a paper on control premiums, minority interest discounts, and the fair market value standard; plus a case study on the impact of health reform on a pharmaceutical company. The second issue included papers on the role of the economic expert in the banking and investment disputes following the subprime crisis; and the economic impact of research funded by the California Institute for Regenerative Medicine. A later issue featured two case studies from BRG's Labor and Employment practice. The most recent issue was released in December 2018 and includes papers on government investigations using data analytics, antitrust market definition, and self-financing strategy for construction projects.''ThinkSet''
ThinkSet is a quarterly BRG publication that examines "ways of creating new value and retaining community values, understanding the capacity, capabilities, and care that shape... daily work lives in companies, nonprofit groups, and government agencies." The first issue "explores the balance of data use for competitive advantage and control and security of that data. Cybersecurity can also be a metaphor as every organization seeks the ideal mix of safety, free-flowing information, and cutting-edge technology." The fall 2018 issue covers topics including healthcare, the California Consumer Privacy Act, litigation finance, human resources innovation, and cybercrime; the chancellor of Houston Community College contributes a guest article on the skilled labor shortage in America.Accolades
BRG Chairman David Teece was named among the 2011 A-List of Management Academics, an honorary group of 30 of the most accomplished and distinguished professors in U.S. academia. Teece was also the lead author on the most-cited article in economics and business worldwide for the decade of 1995 to 2005. He is one of the top 10 most-cited scholars for that decade. His 1986 paper "Profiting from Technology Innovation", in Research Policy, was as of 2012 the most widely cited business article in that journal's history.At the CFA Institute's May 2012 board of governors' meeting, the board accepted and approved appointments of new incoming and continuing members to serve on its Disciplinary Review Committee, a volunteer committee responsible for the enforcement of the CFA Institute Code of Ethics and Standards of Professional Conduct. BRG Director James Conversano was a 2012 incoming appointee.
At the Third Annual ACG New York Champion's Awards, ACG New York and The M&A Advisor named the turnaround of Solyndra, LLC and 360 Degree Holdings, LLC as the 2013 Energy Deal of the Year.
Global Competition Review ranked BRG among the top 20 competition economics firms in the world in Economics 20, GCR's assessment of the world's leading economic consultancies, in both 2012 and 2013, and in its top 21 for 2014, 2015, and 2017.
BRG Associate Director Jessica Huebner received the Forensic and Valuation Services Standing Ovation award at the 2018 American Institute of Certified Public Accountants FVS Conference in Atlanta on November 6, 2018., The award recognizes high-achieving CPAs age 40 and younger for their significant contributions in their accounting specialty areas and in their communities.
Philip Y. Rowley, BRG's executive director and chief revenue officer, was named to Consulting magazine's "The Global Leaders in Consulting" list in the category of "Excellence in Execution." Awards were presented in London on December 6, 2018. The list recognizes those individuals making an impact in the profession that can be felt worldwide.
Global Investigations Review named BRG as one of the top ten investigations consultancies in the GIR 100 2018 guide. GIR recognized BRG's "excellence as 'a forward-thinking firm able to offer range of expertise and perspectives to its clients.'"