Chicago-based Huron Consulting Group Inc. (NASDAQ:HURN) said Tuesday that its second quarter performance was strong across all reporting segments, except for Huron Legal, which was down slightly year-over-year.
Huron is a provider of operational and financial consulting services. The company operates in three segments: Health and Education Consulting, Legal Consulting and Financial Consulting. Huron operates in Atlanta, Georgia; Boston, Massachusetts; Houston, Texas; London, United Kingdom; New York, New York; Portland, Oregon; San Diego, California, and Washington, D.C.
“As this company has grown, there have been headwinds and tailwinds that independently impact the unique markets served by each of our practices,” said Jim Roth, president and chief executive officer of Huron Consulting Group. “While I would prefer to have all of the stars aligned for each of our operating segments, I am satisfied with the overall performance of the company. And I am confident that each segment including Huron Legal has a bright future ahead.”
Meanwhile, the company named Robert Rowe to lead Huron Legal practice on Tuesday. Rowe, who becomes an executive vice president of Huron, previously served as a managing director and leader of Huron Legal’s Discovery services business.
“Bob has been instrumental in the rapid growth of our Discovery services business, and I am confident that he will bring that same leadership to the entire practice,” said Roth, in a company press release. “Our global clients are under constant pressure to reduce legal costs, manage complex business and regulatory issues, and control the proliferation of electronic documents. Bob deeply understands the challenges that companies are facing, and the need for Huron Legal to provide a full portfolio of discovery and advisory capabilities to an expanding base of clients.”
Prior to joining Huron, Rowe was president and CEO of Nextra Litigation Solutions LLC, a company providing document review solutions for legal matters that Huron acquired in 2006.
Huron’s second quarter performance report on Tuesday caused the company’s stock shares to jump eight percent on Wednesday.
HURN shares are up 47 percent over the last 52 weeks (Aug. 1 2012 to July 31, 2013). This year alone, the stock is up 51 percent, closing Wednesday at $50.94 per share, up eight percent for the day. HURN has a 52-week low of $28.51 and a high of $59.39.
Disclaimer: This article is provided for information purposes only and should not be used as the basis for any investment decision. I am neither licensed nor qualified to provide investment advice.