Does industrial have good exits as a result of deal flow and is there any other good deal flow teams? Also are RX exits exclusively distressed/credit related roles, and are exits still strong as RX has supposedly gone downhill in the last 1-2 years? Thanks for the insight

 
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L5Y industrials exits a mix of PE/infra/SWF/public(ls/lo/credit) and laterals (internal and external). Some good exits although not sure much better than other teams in that regard. Consistent flow because of senior MDs (incl. a lot of non-UK/US/Paris/FFM deals which get run out of there), total churn and burn though... Re. Rx they lost their head to Jefferies, would avoid. Re. OP I'd say FIG flies under the radar but is probably best bang for buck in Ldn (WLB/retention + flow), or failing that DCM/ECM. Avoid RCL. Nat res is basically 3 diff teams so hard to generalise, but is a good franchise regardless

 

Wow. Wasn’t it just about 2-3 years ago this forum was filled with laz cucks saying they were the best London eb for exits? How did so much change in such a short time span ?

 

I think Spiro is still leading NatRes and is a bit of an industry legend, so dealflow and exits from his team are very good (WLB though is another story). RX and the capital markets teams (DCM / ECM) generally have better culture / WLB (and as far as exits go, I'd lean towards a sector team but Lazard is top tier EB so most teams will position you well, with the usual caveats around capital markets teams).

 

Their HC team in London had been hiring like crazy last couple of years, so not sure what you mean here. But candidly, they fired 3/4 junior laterals after not more than 1 year with the team. Why on earth would you want to approach them? Also heard they wanted to recruit a mid level from another bank (which everyone thinks as miles inferior to Lazard) and got laughed at.

 

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