Weighing a lateral move.
– Leadership feels kinda delulu with the whole 2030 strategy thing and still acting as if old school snakesoil charm is key
– Some groups seem to be hiring/promoting based on likeability, cliques/ethno lines instead of ability + leadership potential
– A few teams seem to be sliding hard even after new MD hires (eg HC)
Anyone on the inside — are you actually optimistic or nah?
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Ignore title, can I PM?
Of course
Would say they’ve been sinking for the past few years but attempt to hold on to that “old money bank.” Just not winning many big mandates.
How are they going to pay for all the MDs they poached. Are they pulling a JEFF here
In US maybe, in Europe (not UK which is a circus but Germany, Italy, France) Lazard remains a top player, partly because all the weird agenda you mentioned doesn't apply those these offices.
Globally, Lazard remains a top house, one of the few institutions able to compete with the top BB and one bad period (even if it can last for a few years) won't change the perception people have globally. .
why is uk a circus?
Brain dead recruiting practices, high turnover, MD getting poached by other EBs...
Yeah agree on all fronts. Lazard seems to want to trade places with Solomon partners.
This lmao
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