Antitrust Specialist Jonathan Baker Joins Charles River Associates as Senior Consultant.

Business Editors

BOSTON--(BUSINESS WIRE)--July 18, 2002

Charles River Associates Incorporated (Nasdaq: CRAI), an internationally known leader in providing economic, financial, and management consulting services, today announced that Jonathan B. Baker, a noted authority on the application of economics to antitrust and on regulatory law and policy, has joined CRA's Washington, D.C. office as a senior consultant.

Professor Baker is on the faculty at American University's Washington College of Law, teaching courses in antitrust, economic regulation, and law and economics. From 1995 to 1998, he served as Director of the Bureau of Economics at the Federal Trade Commission. From 1993 to 1995, he was a Senior Economist on the President's Council of Economic Advisers. In addition, Professor Baker has served as Special Assistant to the Deputy Assistant Attorney General for Economics in the Antitrust Division of the U.S. Department of Justice, and has taught at Dartmouth University's Amos Tuck School of Business Administration. He is the current Editorial Chair of the American Bar Association's Antitrust Law Journal, and he has published widely in the fields of antitrust law and policy, and industrial organization economics. Professor Baker holds a Ph.D. in economics from Stanford University and a J.D. from Harvard University.

In announcing Professor Baker's appointment, James C. Burrows, President and CEO of Charles River Associates, said, "Jonathan Baker is a great addition to CRA's Washington office. His experience at the Federal Trade Commission, Department of Justice, and Council of Economic Advisers, along with his expertise in merger policy and the application of empirical methods to antitrust, will add significantly to CRA's appeal among potential clients. We look forward to his contributions as we continue to strengthen our position in the antitrust consulting arena."

About CRA 

Founded in 1965, Charles River Associates, an economics, finance, and business consulting firm, works with businesses, law firms, accounting firms, and governments in providing a wide range of services. CRA combines economic and financial analysis with expertise in litigation and regulation support, business strategy and planning, market and demand forecasting, policy analysis, and engineering and technology management. CRA is distinguished by a corporate philosophy of providing responsive, top-quality consulting; an interdisciplinary team approach; unsurpassed economic, financial, and other analytic skills; and pragmatic business insights. In addition to its corporate headquarters in Boston and international offices in London, Melbourne, Mexico City, Toronto, and Wellington, CRA also has U.S. offices in Berkeley/Oakland, College Station, Houston, Los Angeles, Palo Alto, Philadelphia, Salt Lake City, and Washington, D.C. More information about the Company can be found on its Web site at www.crai.com.

Statements in this press release concerning the hiring of Jonathan B. Baker are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on 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. Such factors that could cause actual results to differ materially from any forward-looking statements made by the Company include, among others, acquisition costs, dependence on key personnel, attracting and retaining qualified consultants, dependence on outside experts, intense competition, and professional liability. Further information on factors that could affect the Company's financial results is included in the Company's filings with the Securities and Exchange Commission.