Charles River Associates (CRA) Expands Capabilities In International Arbitration

Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that Laura Hardin and Geoffrey Senogles have joined the firm as vice presidents specializing in international arbitration. Ms. Hardin, who is based in Houston, specializes in damage quantification, business valuation, and forensic accounting for international arbitration disputes across a variety of industries, including oil and gas, mining, and aviation. Mr. Senogles, who is based in Geneva and London, specializes in investigative accounting and the measurement of financial losses in international arbitration, commercial disputes, post-conflict compensation schemes, and insurance matters involving loss of earnings, business interruption, business valuation, and also financial governance.

“It is a pleasure to welcome Laura Hardin and Geoffrey Senogles to CRA,” said CRA's President and Chief Executive Officer Paul Maleh. “Laura and Geoff are valuable additions based on their work advising law firms, corporations, governments, and international organizations and their experience managing cases and testifying in front of various global international arbitration tribunals and courts, including the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) and the International Chamber of Commerce (ICC) tribunals, among others. Their arrival adds global depth to our international arbitration capabilities and greatly enhances the services CRA provides in this area to clients.”

Additional information about them follows.

Laura Hardin

Ms. Hardin has extensive experience providing litigation support, business valuation, and forensic accounting services on a variety of engagements. These have included damage analysis for international arbitration disputes on both investment treaty and commercial matters, breach of contract, purchase price disputes, libel/slander litigation, and patent disputes. She has managed international arbitration cases brought before the ICC, the International Centre for Dispute Resolution (ICDR), the London Court of International Arbitration (LCIA), the Arbitration Institute of the Stockholm Chamber of Commerce (SCC), ICSID, and ad hoc tribunals involving the valuation/calculation of alleged damages suffered for disputes in a variety of industries, including energy and mining, aviation, manufacturing, and financial services. Ms. Hardin has worked on behalf of private entities as well as for sovereign governments and government-owned entities. She has authored and co-authored reports that have been used in the context of the settlement of disputes being heard in both US courts and in international arbitrations. In addition, Ms. Hardin is a frequent speaker on business valuation topics as well as on calculating damages in oil and gas arbitrations and in arbitrations involving entities in Russia and the Commonwealth of Independent States (CIS). She has appeared in seminars sponsored by the American Bar Association, the ICC, the American Society of Appraisers (ASA), and the University of Dundee’s Centre for Energy, Petroleum and Mineral Law and Policy (CEPMLP).

Ms. Hardin is fluent in Russian, has testified in Russian courts, and has worked extensively on engagements involving entities in Russia and the CIS and in Latin America. She joins CRA from FTI Consulting, where she was a managing director in the global international arbitration practice, and she held prior roles with Navigant Consulting, Inc. and PricewaterhouseCoopers. While at PricewaterhouseCoopers, she developed and taught senior-level training courses on business valuation, damage theory, and international arbitration damages. Ms. Hardin holds an MBA degree in International Business from The George Washington University and a BA degree in Russian Language and Literature from Wesleyan University. She is also an Accredited Valuation Analyst (AVA).

Geoffrey Senogles

Mr. Senogles is a Welsh chartered accountant whose practice focuses mainly on international arbitration. Uniquely, he spent three years as the only forensic accountant on staff at the United Nations Compensation Commission where he handled multi-billion dollar claims in many sectors, including oil and gas, sovereign wealth fund portfolio losses, and multiple business interruption losses. His practice combines diverse work on arbitration assignments (as party-appointed or tribunal-appointed expert), insurance claims, financial governance, banking sector reviews, and monitoring or investigations for non-governmental organizations and United Nations agencies. He has given financial expert witness testimony in ICSID and ICC arbitrations and also at the Iran-US Claims Tribunal, The Hague. His practice also involves consulting on commercial matters for corporate clients in various sectors and countries. Currently, he teaches financial damages on the ‘MIDS’ post-graduate program at the University of Geneva, Law Faculty, and is an Independent Reviewer on a $3 billion environmental clean-up program in the Middle East. He has also lectured at the University of Dundee’s Centre for Energy, Petroleum and Mineral Law and Policy (CEPMLP).

Mr. Senogles is a fellow of the Institute of Chartered Accountants in England and Wales (FCA), and a member of the London Court of International Arbitration, the Swiss Arbitration Association, and the Academy of Experts (MAE). In addition, he is an ICAEW-accredited forensic accountant and expert witness and is listed in the 2012 International Who’s Who in Commercial Arbitration. Prior to joining CRA, he was director of the Swiss office of LBC International Investigative Accounting and previously was in private practice in the United Kingdom. Mr. Senogles holds a BA (Hons) degree in Accounting and Finance from Middlesex University. He speaks Welsh, English, and French.

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 North America, Europe, the Middle East, and Asia. Detailed information about Charles River Associates, a registered trade name of CRA International, Inc., is available at

Statements in this press release concerning Laura Hardin and Geoffrey Senogles, any future business Ms. Hardin and Mr. Senogles may generate for the Company, the future business, operating results, estimated cost savings, 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, the Company's restructuring costs and attributable annual cost savings, 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.

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