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Compass Lexecon, a subsidiary of FTI Consulting (NYSE: FCN), has significantly expanded its academic expertise by adding 20 new academic affiliates over the past six months. These additions strengthen the firm's capabilities across multiple practice areas, including Antitrust & Competition, Healthcare, Securities & Financial Markets, and Valuation.
The new affiliates bring specialized expertise in emerging fields such as AI, machine learning, advanced econometrics, and big data analysis. Notable additions include Dr. Matthew Gentzkow, recipient of the John Bates Clark Medal, and Dr. John List from the University of Chicago. The healthcare practice gained three experts in health economics and data analytics, while the Securities & Financial Markets practice welcomed specialists in corporate finance, venture capital, and financial markets.
Many of these affiliates have previous experience with key government agencies including the FTC, FCC, and SEC, enhancing the firm's regulatory expertise and expert testimony capabilities.
FTI Consulting (NYSE: FCN) has significantly expanded its Healthcare & Human Services industry practice in Australia with seven strategic hires, including six Senior Managing Directors and one Managing Director. This expansion follows February 2025's practice launch and brings the total healthcare team to 28 professionals.
The new appointments include Senior Managing Directors Tricia Tebbutt, John Forsythe, Chris Mason, Luke Mitchell, Adam Norden, and Rowan Strain, along with Managing Director Daniel Buzacott. These professionals bring extensive expertise in digital health, health operations, analytics, transformation, and health strategy across public, private, and not-for-profit sectors.
The practice focuses on system reform, sustainability, operations transformation, and digitisation. The team will support Australia's healthcare system in addressing challenges related to innovation, technology integration, growing community needs, and financial pressures.
FTI Consulting (NYSE: FCN) has expanded its Board of Directors from 9 to 11 members with the election of two new independent directors, effective March 25, 2025. The new appointees are Eric T. Steigerwalt, current President and CEO of Brighthouse Financial, and Janet H. Zelenka, former EVP, CFO and CIO of Stericycle.
Steigerwalt, 63, brings extensive experience from Brighthouse Financial, one of the largest U.S. providers of annuities and life insurance, where he has served as President and CEO since its 2017 spinoff from MetLife. Zelenka, 66, previously held executive positions at Stericycle until its acquisition by WM in November 2024, and currently serves on the boards of IDEAL Industries and U.S. Venture Holdings as Audit Committee Chair.
According to The General Counsel Report 2025 by FTI Consulting (NYSE: FCN) and Relativity, over two-thirds of general counsel are interested in implementing generative AI in legal departments. The report reveals that 65% of legal departments plan to invest in new technology, with 30% specifically targeting generative AI implementations.
The study, based on interviews with chief legal officers and a survey of over 200 general counsel across 12 countries, shows that 44% of legal teams are now using generative AI, up from 28% in 2024 and 20% in 2023. Key findings include:
- 75% report increased workloads in evaluating new technologies
- 75% lack a technology roadmap
- 79% increasingly rely on outside counsel
- 85% feel minimally prepared for generative AI risks
Regional variations show Latin American general counsel are most comfortable with AI in e-discovery (86%), while Asia Pacific shows the lowest comfort level (55%). Legal departments express openness to AI use in legal research, document review, and contract analysis, though concerns persist about technology viability, reliability, and cost.
FTI Consulting's Technology segment has launched new capabilities within IQ.AI for Review, expanding its artificial intelligence solutions suite. The enhancement aims to accelerate document review processes in investigations, antitrust matters, and data breach cases.
The new capabilities provide cost savings and faster timelines across document review lifecycle, including first-pass review, quality control, and privilege checks. The system excels in handling challenging document formats, multilanguage content, and multimedia files that typically require manual review.
Initially launched in 2024, IQ.AI combines proprietary workflows with custom-developed tools using various large language models through Microsoft Azure and AWS Bedrock. The update includes three additional features:
- IQ.AI for Emerging Data Sources: Enhances data processing from chat threads and cloud applications
- IQ.AI for Enrichment: Automates review of complex materials including multilingual documents
- IQ.AI for Contracts: Enables efficient contract review and risk analysis
FTI Consulting (NYSE: FCN) announced that Dr. Matthew Backus has joined its Compass Lexecon subsidiary as an affiliate. Dr. Backus, a professor at UC Berkeley's Haas School of Business and Economics Department, brings expertise in antitrust, microeconomics, and industrial organization.
His research spans multiple industries including financial, manufacturing, retail, and technology sectors, with publications in prestigious journals like Econometrica and The Quarterly Journal of Economics. Dr. Backus is a Research Associate of the National Bureau of Economic Research and Research Affiliate of the Centre for Economic and Policy Research, with research supported by the National Science Foundation and Alfred P. Sloan Foundation.
FTI Consulting (NYSE: FCN) has announced the appointment of Steven Stein as Senior Managing Director within the Technology segment's Information Governance, Privacy & Security practice in North America. Based in Chicago, Stein brings expertise in data privacy and information governance leadership.
Stein specializes in developing data risk and compliance programs across financial services, healthcare, and energy sectors. His focus includes implementing defensible data disposition, privacy management, and litigation readiness solutions. He will help clients establish procedures to improve data usage, mitigate risks, and reduce costs, while supporting AI and analytics initiatives.
Prior to joining FTI Technology, Stein served as an Advisory Principal and Chief Confidentiality and Privacy Officer at a Big Four accounting firm. He has experience as a civil litigation attorney and technical consultant for discovery matters in federal and state litigation.
FTI Consulting (NYSE: FCN) has announced the appointment of Jorge Lacayo as Senior Managing Director in the firm's Business Transformation practice within its Corporate Finance & Restructuring segment in Mexico City. With over 25 years of experience, Lacayo specializes in growth strategy, commercial due-diligence, and market assessments across various industries.
Prior to joining FTI Consulting, Lacayo led EY Parthenon's Latin America Strategy practice for nine years and spent 12 years at McKinsey in Latin America. His expertise includes helping corporate and private equity clients identify growth opportunities, particularly focusing on Latin American companies accessing the North American market and international players entering Mexico.
The appointment aligns with FTI Consulting's global expansion strategy, particularly strengthening its presence in key Latin American markets.
FTI Consulting (NYSE: FCN) announced that Dr. Mehmet Ekmekci has joined its Compass Lexecon subsidiary as an affiliate. Dr. Ekmekci, a Professor of Economics at Boston College, brings expertise in industrial organization, platform economics, and artificial intelligence.
His experience includes serving as an expert in auction design and competitive procurements for satellite broadband, along with consulting on mergers and investigations across semiconductor, computer hardware, telecommunication, and internet platform industries. Dr. Ekmekci has received multiple grants in AI research, particularly focusing on algorithmic pricing and potential collusion.
His work extends to Standard Essential Patents and platform economics, with research published in prestigious outlets including American Economic Review and Econometrica. This strategic addition aims to enhance Compass Lexecon's capabilities in addressing technology-driven market challenges.
FTI Consulting (NYSE: FCN) announced that Dr. Ali Hortaçsu, the William M. Ogden Distinguished Service Professor of Economics at the University of Chicago, has affiliated with its subsidiary Compass Lexecon. Dr. Hortaçsu is renowned for developing pioneering econometric methods applicable to industrial organization, financial markets, energy markets, internet, and various market clearing mechanisms.
The expert received the Koç University Rahmi M. Koç Medal of Science in 2021 for his contributions to empirical tests of market efficiency. His work has been published in leading academic journals and he authored 'Structural Econometric Methods in Industrial Organization and Quantitative Marketing' while serving as co-editor of the Handbook of Industrial Organization.
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