EXHIBIT 99.2

HURON CONSULTING GROUP INC.

UNAUDITED PRO FORMA FINANCIAL INFORMATION

The following unaudited pro forma financial information reflects the estimated effect of the acquisition of Speltz & Weis LLC (“S&W”) by Huron Consulting Group Inc. (the “Company”).

The pro forma consolidated statements of income for the year ended December 31, 2004 and the three months ended March 31, 2005 combines the respective statements of the Company and S&W as if the acquisition was consummated at the beginning of the periods presented. The pro forma consolidated balance sheet as of March 31, 2005 combines the respective balance sheets of the Company and S&W as if the acquisition was consummated as of the balance sheet date.

These unaudited pro forma consolidated statements of income and balance sheet are based on the assumptions and adjustments as described in the accompanying notes and are based upon the purchase method of accounting. The Company is in the process of obtaining a third-party valuation of certain intangible assets; thus, the allocation of the purchase price is subject to refinement. The unaudited pro forma financial information should be read in conjunction with S&W’s audited financial statements and notes thereto for the year ended December 31, 2004, which are filed as Exhibit 99.1 to this current report on Form 8-K, as well as the Company’s consolidated financial statements and notes thereto for the year ended December 31, 2004 included in the Company’s annual report on Form 10-K and the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2005.

The unaudited pro forma consolidated financial information is not necessarily indicative of what actually would have occurred if the acquisition had been effective for the periods presented and should not be taken as representative of our future consolidated results of operations or financial position.

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Huron Consulting Group Inc.

Unaudited Pro Forma Consolidated Balance Sheet

As of March 31, 2005

(In thousands, except per share amounts)

		Company			S&W			Pro Forma Adjustments				Pro Forma Consolidated
Assets
Current assets:
Cash and cash equivalents		$	20,599		$	1,665		$	(14,154	)(1)		$	8,110
Receivables from clients, net			22,914			38							22,952
Unbilled services, net			15,083			72							15,155
Deferred income taxes			9,234			—							9,234
Other current assets			3,388			—							3,388
Total current assets			71,218			1,775			(14,154	)			58,839
Intangible assets			—			—			2,500	(2)			2,500
Property and equipment, net			9,121			34							9,155
Deferred income taxes			1,805			—							1,805
Deposits			641			—							641
Goodwill			—			—			13,563	(2)			13,563
Total assets		$	82,785		$	1,809		$	1,909			$	86,503
Liabilities and stockholders’/members’ equity
Current liabilities:
Accounts payable		$	2,637		$	345						$	2,982
Accrued expenses			2,475			278							2,753
Accrued payroll and related benefits			10,684			—							10,684
Income tax payable			4,406			—							4,406
Deferred revenue			2,195			95							2,290
Current portion of notes payable			—			—		$	1,000	(1)			1,000
Total current liabilities			22,397			718			1,000				24,115
Non-current liabilities:
Accrued expenses			514			—							514
Deferred lease incentives			4,279			—							4,279
Notes payable, net of current portion			—			—			2,000	(1)			2,000
Total non-current liabilities			4,793			—			2,000				6,793
Stockholders’/members’ equity			55,595			1,091			(1,091	)(2)			55,595
Total liabilities and stockholders equity		$	82,785		$	1,809		$	1,909			$	86,503

See accompanying notes.

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Huron Consulting Group Inc.

Unaudited Pro Forma Consolidated Statement of Income

For The Year Ended December 31, 2004

(In thousands, except per share amounts)

		Company				S&W			Pro Forma Adjustments				Pro Forma Consolidated
Revenues and reimbursable expenses:
Revenues		$	159,550			$	19,027						$	178,577
Reimbursable expenses			14,361				1,663							16,024
Total revenues and reimbursable expenses			173,911				20,690							194,601
Direct costs and reimbursable expenses:
Direct costs			92,270				13,041							105,311
Stock-based compensation			978				—							978
Amortization			—				—		$	1,900	(3)			1,900
Reimbursable expenses			14,281				1,663							15,944
Total direct costs and reimbursable expenses			107,529				14,704			1,900				124,133
Operating expenses:
Selling, general and administrative			40,425				311							40,736
Stock-based compensation			433				—							433
Depreciation and amortization			2,365				7			418	(3)			2,790
Restructuring charges			3,475				—							3,475
Total operating expenses			46,698				318			418				47,434
Operating income			19,684				5,668			(2,318	)			23,034
Other income (expense)			(692	)			16			(120	)(4)			(796	)
Income before provision for income taxes			18,992				5,684			(2,438	)			22,238
Provision for income taxes			8,128				—			(1,046	)(5)			9,810
										2,728	(6)
Net income			10,864				5,684			(4,120	)			12,428
Accrued dividends on 8% preferred stock			931				—			—				931
Net income attributable to common stockholders		$	9,933			$	5,684		$	(4,120	)		$	11,497
Net income attributable to common stockholders per share:
Basic		$	0.77										$	0.90
Diluted		$	0.72										$	0.84
Weighted average shares used in calculating net income attributable to common stockholders per share:
Basic			12,820											12,820
Diluted			13,765											13,765

See accompanying notes.

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Huron Consulting Group Inc.

Unaudited Pro Forma Consolidated Statement of Income

For The Three Months Ended March 31, 2005

(In thousands, except per share amounts)

		Company			S&W			Pro Forma Adjustments				Pro Forma Consolidated
Revenues and reimbursable expenses:
Revenues		$	46,760		$	6,469		$	(523	)(7)		$	52,706
Reimbursable expenses			4,370			637			(78	)(7)			4,929
Total revenues and reimbursable expenses			51,130			7,106			(601	)			57,635
Direct costs and reimbursable expenses:
Direct costs			24,945			4,449			(523	)(7)			28,871
Stock-based compensation			999			—			(78	)(7)			921
Amortization			—			—			676	(3)			676
Reimbursable expenses			4,387			637							5,024
Total direct costs and reimbursable expenses			30,331			5,086			75				35,492
Operating expenses:
Selling, general and administrative			11,312			10							11,322
Stock-based compensation			411			—							411
Depreciation and amortization			847			1			104	(3)			952
Total operating expenses			12,570			11			104				12,685
Operating income			8,229			2,009			(780	)			9,458
Other income (expense)			166			6			(30	)(4)			142
Income before provision for income taxes			8,395			2,015			(810	)			9,600
Provision for income taxes			3,568			—			(347	)(5)			4,188
									967	(6)
Net income		$	4,827		$	2,015			(1,430	)		$	5,412
Net income attributable to common stockholders per share:
Basic		$	0.31									$	0.35
Diluted		$	0.29									$	0.32
Weighted average shares used in calculating net income attributable to common stockholders per share:
Basic			15,547										15,547
Diluted			16,677										16,677

See accompanying notes.

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Huron Consulting Group Inc.

Notes to Unaudited Pro Forma Financial Information

(1) This adjustment is to record the cash funding of the acquisition, which consisted of the following (in thousands):

Cash paid at closing		$	14,000
Issuance of notes payable			3,000
Transaction costs			154
Total purchase price		$	17,154

The notes payable bear a fixed interest rate at 4% per annum and are payable in three equal installments beginning on May 8, 2006.

(2) The purchase price was allocated, based on a preliminary valuation, as follows (in thousands):

Net assets of S&W at March 31, 2005		$	1,091
Customer relationships			600
Customer contracts			1,900
Goodwill			13,863
Total purchase price		$	17,154

(3) This adjustment is to record estimated amortization expense for identifiable intangible assets, which includes customer contracts and customer relationships as presented above.

(4) This adjustment is to record interest expense relating to the $3.0 million notes payable issued on the acquisition date.

(5) This adjustment is to record the tax effect of the amortization and interest expense.

(6) This adjustment is to record an income tax provision as if S&W had filed its income tax returns on a consolidated basis with the Company.

(7) This adjustment is to eliminate intercompany revenues and expenses.

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