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Yes, and yes. They're tough, at least the team I interviewed at, but they do a lot of outings and firm culture seems good enough. They get the BigKahuna stamp of approval.
They're one of the best in the MM in the US. Sweatyish culture but not the worst
thank you very much both! Is it considered a good brand to have on our CV and also in terms of exit opportunities?
Yes in the US. I don't know it's reputation and exits in the UK though.
Thank you very much for your reply! Appreciate it :)
the london restructuring team is an absolutely shitty sweatshop - talk to anyone who’s left
how's the HC London team in terms of culture and hours?
They’re a great shop, with a leading position in a few verticals like Consumer, Healthcare and (obviously) Restructuring.
Hours are okay, not as sweaty as some other MM places, but definitely a high pressure culture.
Some of the best exits in the MM. HL actively supports buyside recruiting, which is nice. Analysts can be open about needing a day off for interviews and people get it.
Wouldn't consider them a true Rx shop. They almost exclusively do creditor side, which trust me, is not nearly as tricky or impressive. They may technically have the Rx name, but Moelis, PJT, EVR, PWP, etc. would not consider HL a competitor.
agree
Flat out incorrect, the actual split is closer to a 40-60. HL RX, along with EVR/PJT/LAZ RX, is a top choice for top students at strong targets. Just check out where the PMs and presidents at WITG are going.
this is a london thread - i know in the states they have great exits and terrific culture - in london this just isn’t the case, it’s an horrific sweatshop with strong focus on the creditor-side, knew someone who took a lower bb dcm offer over houlihan restructuring in london
Sorry but this is just factually wrong. I won't comment on culture because the culture is known to be extremely bad at HL LDN.
But apart from that, HL and PJT are both equally crushing it in Europe and are extremely well positioned. I can't comment so much on the US where it might be different (the likes of EVR and LAZ seem to have a great standing there while this is limited in Europe)
It is also factually wrong to say that creditors require less sophisticated work because it really depends on the dynamics of a deal. In a lender-led solution, the creditors develop the idea by themselves and being on the debtor side is quite boring and more process work while it might be more interesting to advise the debtor in an A&E transaction.
HL is more often advising creditors yes but the split is actually more even than thought, especially in Europe where PJT, HL and, with slight discount, Moelis are almost always on the same deals and involved in the same kind of work
Literally ‘incoming RX analyst’
Commenting to say I accidentally gave you Monkey Shit and WSO won't let me undo it. Sorry. You're completely right.
In Europe I would consider HL and PJT at the same level (PJT on more company side, HL on more creditor side). Moelis / PWP / Lazard sit a bit below in London IMO
Spoke with people from HL HC members from NYC. These guys are pumping out deals like crazy. Might not be the biggest and sexiest deals, but the closed deal list for Analysts is even crazy. Culture across HL HC seems good but not great.
Have an analyst friend in HC there and he must've closed 3-4 deals in the last year. Really crazy
Heard hc culture blows compared to consumer and industrials
What percentage of HL HC is actually being run out of NYC vs. Dallas (head of the group sits there)?
It’s mostly Dallas bc the staffer is also there
Not sure exactly, but I think Dallas is the main HC hub. They also have people in Chi and NYC, but supposedly NYC is semi-dead since most of the MD's are not even in the office
Very good brand and exit opportunities in the UK mid-market, but typically won't offer the exits to MFs (if you want that of course). A lot of the domestic UK PEs in the LMM / MM / UMM space rate them highly and will prefer candidates who have knowledge of pipeline and networks in that space, and more domestic knowledge. Think Livingbridge, Bowmark, ECI, Exponent, etc.)
Thank you everyone!!!!
Anyone has any idea on -- if HL allows internal transfer? Say from London to US?
It's under discussion right now, but will likely be an option in the immediate future.
How difficult would it be to lateral to HL?
I heard they mostly recruit from their SA.
How difficult would it be to lateral to HL?
I heard they mostly recruit from their SA
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