Thomas N. Hubbard Becomes Senior Consultant to the Antitrust & Competition Economics Practice at Charles River Associates (CRA)

Professor Hubbard Focuses on the Economics of Industry Structure and Vertical Integration

BOSTON--(BUSINESS WIRE)--Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that Thomas N. Hubbard, Senior Associate Dean: Strategic Initiatives and the Elinor and H. Wendell Hobbs Professor of Management in the Kellogg School of Management at Northwestern University, has entered into an agreement to become a Senior Consultant to CRA’s Antitrust & Competition Economics Practice.

“Tom Hubbard’s academic contributions, particularly in the areas of industry structure and vertical integration, are widely respected and it is a pleasure to welcome him to CRA”

“Tom Hubbard’s academic contributions, particularly in the areas of industry structure and vertical integration, are widely respected and it is a pleasure to welcome him to CRA,” said CRA's President and Chief Executive Officer Paul Maleh. “He is well known for his work on the relationships between technological and organizational change in both manufacturing and non-manufacturing industries, including the transportation and services sectors, and is highly sought after for his views as a speaker at economic conferences and seminars. We are pleased to work with him as a Senior Consultant and to broaden our reach in the Chicago market, where he is located.”

Professor Hubbard’s research and teaching interests focus on industrial organization, the economics of strategy, and the economics of technology. His research has a particular emphasis on identifying and assessing efficiencies in vertical relationships. He is the recipient of numerous appointments and distinctions. In addition to his academic appointments at the Kellogg School of Management, he is a Research Associate with the National Bureau of Economic Research and a former junior staff economist on the President’s Council of Economic Advisers.

Professor Hubbard has published extensively. His work has appeared in top-ranked journals, such as the American Economic Review, the Quarterly Journal of Economics, and the Rand Journal of Economics. He is an associate editor of B.E. Journals of Economic Analysis and Policy and served as a co-editor of the Journal of Industrial Economics.

Professor Hubbard consults and serves as a testifying expert in the areas of antitrust, regulation, pricing, intellectual property, and strategy issues. He earned his PhD degree in Economics from Stanford University, and his BA degree in Economics (with High Honors) from Princeton University.

About CRA's Antitrust & Competition Economics Practice

CRA's competition economists provide economic analysis and testimony in competition matters around the world. Many have served in government antitrust agencies and are members of premier academic, economic, and law faculties. Their experience extends to many industries, including telecommunications, health care, energy, computer hardware/software, retailing, entertainment, transportation, natural resources, sports, chemicals, pharmaceuticals, financial services, and consumer products.

About Charles River Associates (CRA)

Charles River Associates® is a global consulting firm specializing in litigation, regulatory, and financial consulting, and management consulting. CRA advises clients on economic and financial matters pertaining to litigation and regulatory proceedings, and guides corporations through critical business strategy and performance-related issues. Since 1965, clients have engaged CRA for its unique combination of functional expertise and industry knowledge, and for its objective solutions to complex problems. Headquartered in Boston, CRA has offices throughout the world. Detailed information about Charles River Associates, a registered trade name of CRA International, Inc., is available at http://www.crai.com.

Statements in this press release concerning Thomas N. Hubbard, any future business Professor Hubbard may generate for the Company or the Antitrust & Competition Economics Practice, the future business, operating results, and financial condition of the Company and statements using the terms "anticipates," "believes," "expects," "should," "prospects," "target," 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 performance or results to differ materially from any forward-looking statements made by the Company include, among others, changes in the Company's effective tax rate, share dilution from the Company's stock-based compensation, dependence on key personnel, attracting, recruiting and retaining qualified consultants, dependence on outside experts, utilization rates, completing acquisitions and factors related to its completed acquisitions, including integration of personnel, clients and offices, and unanticipated expenses and liabilities, the risk of impairment write downs to the Company's intangible assets, including goodwill, if the Company's enterprise value declines below certain levels, 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 the Company's practice areas, management of new offices, the potential loss of clients, the ability of customers to terminate the Company's engagements on short notice, dependence on the growth of the Company's management consulting practice, the unpredictable nature of litigation-related projects, the ability of the Company to integrate successfully new consultants into its practice, general economic conditions, 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 periodic 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.