Analysis Group What It Means to Work Here

Since 1981, Analysis Group has provided outstanding client service to top law firms, Fortune 500

companies, global health care corporations, and government agencies. Our work is grounded in

the principles and practices of economic analysis – whether we are conducting quantitative

assessments related to litigation or developing models for use in corporate strategic planning.

It means ... excellence

We have worked on thousands of cases across multiple industries and have built a reputation for excellence by providing fact-based, thoughtful interpretations of complex legal and business issues.

We work with an extensive network of industry authorities and academics from leading universities to develop state-of-the-art analyses and insights for our clients.

Most of our more than 800 profes-sionals have advanced degrees in economics, law, finance, accounting, health, or business, and work collab-oratively across 13 offices in North America, Europe, and Asia.

Our dual focus on academic rigor and client service, as well as our commitment to teamwork, ensure that our clients receive practical, tangible solutions to some of their toughest business and litigation problems – and that our employees can succeed in an environment that fosters personal learning and professional development.

We assist clients with:

� Pretrial discovery (helping to gather and analyze evidence)

� Development of economic and financial models

� Preparation of testimony

� Critiques of opposing experts’ analyses

� Risk assessments

� Cost-benefit analyses

� Industry and market analyses

� Development of growth strategies

� Outcomes research

“I’m often asked, ‘What’s the five-year plan for the

company?’ or ‘Where are you going to open the next

office?’ We don’t run the firm that way. The most

important thing is to hire the right people and

develop the right people.”

– Martha S. Samuelson, CEO and Chairman

Department of Justice Blocks Anticompetitive Health Care Merger

In a closely watched antitrust matter, U.S. District Judge Amy Berman Jackson ruled in favor of the U.S. Department of Justice (DOJ), blocking the proposed merger of Anthem and Cigna, the second and third largest health insurers in the U.S. Dr. David Dranove, an affiliate of Analysis Group, testified multiple times during the trial as the DOJ’s economic expert, supported by a team of Analysis Group consultants in Boston and Chicago. As the DOJ’s primary expert witness, Dr. Dranove testified on market definition, the impact on market concentration, competitive effects including the loss of innovation, the impact on medical costs, and entry. In her opinion, Judge Jackson concluded that the merger would substantially lessen competition in the national accounts market and in at least one local market. On appeal, the Second Circuit upheld the ruling. Anthem announced shortly afterward that it was abandoning its plan to merge with Cigna.

We seek individuals with a demonstrated ability in economics, finance, accounting, health policy and outcomes, statistics, business strategy, and similar disciplines that emphasize expertise in quantitative analysis.

� We’re large enough to work on the high-profile cases behind tomorrow’s headlines, but small enough that each team member can contribute fully in engagements.

� We’re structured enough to provide individualized mentoring and development opportunities, yet flexible enough to give you exposure to different practice areas.

� We’re privately held, which allows us to focus on long-term goals instead of quarterly results.

Our professionals are motivated by intellectual curiosity and a passion for solving complex business and litigation problems.

Analysis Group consultants work closely with a network of distinguished academic authorities and

specialized industry experts to translate economic theory into real-world legal and business practice.

Our affiliates include deans of some of the top business schools in the United States; former presidential

council advisors; and renowned experts in economics, finance, securities, valuation, governance, and strategy.

It means ... rigor

“Analysis Group has a highly

collaborative culture, where

individuals are supported and

mentored throughout their

careers. I joined the firm as an

analyst and, over a span of

20 years, have been fortunate

enough to become a

managing principal.”

– Rebecca Kirk Fair, Managing Principal, Boston

Advancement is based on merit, reflecting your contributions to case work and client and affiliate relationships. As your career at Analysis Group evolves, you will have numerous opportunities to play ever-larger roles in the growth and management of the firm.

Over time, you will have the opportunity to work in various practice areas to broaden your professional expertise, and you will be expected to help develop new sources of business. At every stage, you will receive comprehensive feedback and mentoring.

Analysis Group is invested in your professional development and growth. To this end, we provide multidimensional support for analysts who plan to apply to graduate school. It encompasses group workshops and individualized assistance with applications, as well as access to other resources, information, advice, and, in some cases, tuition support. Many former analysts return to Analysis Group as associates after completing graduate programs.

There is a defined career path at our firm:

� Analyst

� Senior Analyst

� Associate

� Manager

� Vice President

� Principal and Managing Principal

It means ... opportunity

“Having access to so many people who have received M.B.A.s

from top schools is a huge resource. Just hearing about their

approach to their career choices and what worked for them in

grad school has been immensely helpful.”

As an analyst with Analysis Group, you will

� Conduct market and company research

� Perform data analysis, including econometric estimation of models and implementation of financial models

� Develop computer programs using SAS, STATA, and other technologies

� Participate in case team meetings and discussions

You will work with senior staff and distinguished academic experts. After three or four

years with the firm, analysts often attend top M.B.A., J.D., or Ph.D. programs.

As an associate with Analysis Group, you will assume responsibility early on for handling critical components of client case work. Specifically, you will

� Identify the central economic issues underlying specific client problems

� Develop the analytical frameworks to solve those problems

� Formulate economic and financial models

� Conduct empirical research

� Work closely with senior consultants, internal experts, and academic affiliates

� Participate in case team and client meetings

We have worked on high-profile matters involving leading companies in a range of industries.

In partnership with our affiliates, we have published extensively on a variety of public policy topics.

“When the concepts, facts, and presentation come together,

it can be exhilarating. It’s exhilarating because you know

that you’ve succeeded in expressing things in a way that

makes a difference.”

– John Jarosz, Managing Principal, Washington, D.C.

Assessment of the Impact of Opioid Abuse

Analysis Group senior consultants have assessed the burden of illness of opioid abuse and developed budget-impact analyses, epidemiological studies, prescription risk assessment models, and suspicious order monitoring algorithms, all related to aspects of this major societal problem. Our researchers have evaluated the impact of abuse-deterrent formulations of drugs that can provide pain relief to patients and help to mitigate the adverse effects and substantial costs of opioid abuse. In connection with litigation and other investigations, we have also assessed liability and damages issues related to prescription opioid sales and distribution.

We assist clients large (Citibank, Coca-Cola, Disney, Google, Johnson & Johnson, MasterCard, Microsoft) and small (entrepreneurial startups, artists, inventors) in determining the value of key factors that drive their businesses.

All of our work must meet rigorous standards of reliability and relevance– our goal is to successfully translate complex concepts and data into clear business cases and compelling, credible arguments.

It means ... impact

Online Retailer False Advertising Matter

Analysis Group was retained to support our academic affiliate on behalf of a major online retailer defendant in a case in which the government alleged that the defendant had made untrue and misleading comparative advertising claims about the prices of its products. At issue was the use of specific reference pricing conditions, including advertising terms that the plaintiff asserted were misleading. Our affiliate conducted an online experiment and an Internet panel experimental survey to assess the impact of the advertising language on consumer perception and behavior. In the first study, consumers were randomly selected to view versions of the defendant’s website with either “MSRP” or “Compare” labels throughout their shopping sessions. Consumers who made purchases during the study period showed no difference in recall of the product price, reference price, or term used with the reference price across conditions. Our affiliate conducted a second survey to determine whether consumers’ understanding of reference prices changed based on the labels used. Consistent with the first study, no differences were found.

Arbitration Involving Greek Government Bonds

In an International Centre for Settlement of Investment Disputes (ICSID) arbitration initiated by a Slovak bank and its former Cypriot shareholder, claimants sought payment based on their interests in Greek bonds (GGBs) that were restructured in Greece’s 2012 sovereign debt exchange following multinational negotiations to reconcile Greece’s sovereign debt crisis. The claimants’ interests in GGBs were reportedly more than €500 million prior to the debt restructuring in 2012. An ICSID tribunal found that it did not have the jurisdiction to rule on the matter because the GGBs were not protected investments under the bilateral treaty between Slovakia and Greece. A team from Analysis Group was retained on behalf of Greece to support two academic affiliates, who testified at the arbitration. One affiliate testified on issues related to the primary and secondary markets for GGBs, as well as the evolution of the risk characteristics of the at-issue GGBs over time. Another affiliate testified on the bank’s accounting treatment of the GGBs.

DISH Network Copyright Infringement Matter

A California federal judge found that Analysis Group client DISH Network’s innovative Hopper set-top box and DVR does not infringe the copyrights of Fox Broadcasting Company’s television programming. In her decision, the judge cited the findings of Analysis Group’s academic affiliate to conclude that the use of the Hopper’s “PrimeTime Anytime” and “AutoHop” features were fair use under U.S. copyright law. An Analysis Group team supported our academic affiliate and counsel for DISH, analyzing viewer behavior from various perspectives and using a wide variety of industry and survey data. Our affiliate also rebutted opinions and surveys offered by the plaintiff’s experts. The judge in this case ruled for Fox on certain contract claims, but significantly reduced the scope of liability and damages. DISH’s general counsel has praised the decision as having “far reaching significance.”

You are likely to find your career as an economic consultant much more fulfilling if you feel as though the work you are doing is of high quality and integrity, and meaningful to a number of constituents – you especially.

Our professionals work hard, but we strive to make it possible to maintain balance with life outside the office. Case-related travel is minimal. And while the nature of our practice requires us to respond to the changing needs of our clients, we do so in a collegial and supportive environment.

Turnover is low, and the structure of the firm is “horizontal” – there are no hierarchies. Analysts and associates have opportunities to participate in engagements in a variety of ways and to solicit feedback directly from case team leaders and members.

For several years running, Analysis Group has been named a

best place to work by both Vault.com and The Boston Globe.

Analysis Group has also received an Employees’ Choice Award from

Glassdoor.com, and the Boston Bar Association’s President’s Award

for the firm’s pro bono work on civil legal aid and homelessness.

“Working jointly toward the same goal fosters a

community feel and group sense of pride in our work –

that’s very rewarding.”

– Andrew Wong, Managing Principal, Chicago

It means ... balance

� Founded in 1981

� One of the largest private economics consulting firms

� More than 800 professionals, with 48 managing principals and

principals, including CEO and Chairman Martha S. Samuelson

� An extensive network of distinguished academic affiliates,

government and industry experts, and internal experts

� Offices nationally in Boston, Chicago, Dallas, Denver, Los Angeles,

Menlo Park, New York, San Francisco, and Washington, D.C.;

and internationally in Beijing, Brussels, London, and Montreal

AG at a glance

OUR PRACTICE AREAS

� Antitrust & Competition

� Class Certification

� Commercial Disputes

� Damages

� Energy & Environment

� Epidemiology & Biostatistics

� ERISA

� Government & Corporate Investigations

� Health Care

� Insurance

� Intellectual Property

� International Arbitration

� Labor & Employment

� Media, Entertainment & Communications

� Privacy & Data Security

� Securities, Financial Products & Institutions

� Statistics & Sampling

� Strategy, Policy & Analytics

� Surveys & Experimental Studies

� Tax & Accounting

� Transaction & Governance Litigation

� Valuation

Visit www.analysisgroup.com for details about our practice areas.

ApplyIf you …

� have strong quantitative and analytical skills

� have excellent organizational and communication skills

� enjoy interacting with clients and academics

� are able to work both independently and as part of a team

� have demonstrated programming skills

� pay close attention to detail and accuracy

� demonstrate intellectual curiosity and have a passion for solving complex business problems

… we want to hear from you.

Candidates should apply using the online application in the Careers section of our website (www.analysisgroup.com/careers). We will contact you directly if your qualifications match our hiring needs. Please direct any questions to recruiter@analysisgroup.com.

111 Huntington Ave.Boston, MA 02199

Tel: 617 425 8000Fax: 617 425 8001

Equal Opportunity Employer: Minorities | Women | Veterans | Disabled

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