London EB presences compared to continental Europe
Hello everyone,
I'm looking for some insight as to how some London EBs compare specifically to their European presences. E.g. Lazard (specifically in DACH) seems to be very strong with Kames, Schenk and Hessberger, but seem to be less strong in London? Similar for PWP, where the industrials team seems to be strong but most big deals again are DACH (covestro, Bosch) and are potentially done out of the Munich office? Evercore I think is not that strong in FFM, but don't know how they are perceived in London. RS obviously strong in London with HC and CR&L, but don't really consider that. Don't consider PJT here since Rx dominant and irrelevant to my case.
As a bit of background info on my situation, I'm an incoming FT at one of the above EBs (am a German speaker as well) but wonder how they rank in London specifically - also surprised at how much London Lazard is memed on here despite hiring strong seniors in the past years.
Very grateful for any information!
Based on the most helpful WSO content, here's a breakdown of the London EB presence compared to continental Europe:
Lazard: Lazard is a powerhouse in Europe, particularly in the DACH region, where it has a strong reputation with notable figures like Kames, Schenk, and Hessberger. However, in London, while still respected, it doesn't seem to carry the same dominance. Despite this, Lazard London has been hiring strong seniors in recent years, which could indicate efforts to bolster its presence.
PWP (Perella Weinberg Partners): PWP's industrials team is recognized for its strength, particularly in the DACH region, with significant deals like Covestro and Bosch often executed out of Munich. In London, PWP is respected but doesn't seem to have the same level of prominence as in continental Europe.
Evercore: Evercore's presence in Frankfurt (FFM) is not particularly strong, and its European operations are generally seen as less established compared to its US dominance. In London, Evercore is growing aggressively and is considered a solid player, but it still has some way to go to match the top-tier EBs or BBs in Europe.
Rothschild (RS): Rothschild is a standout in London, particularly in sectors like Healthcare (HC) and Consumer, Retail & Leisure (CR&L). Its London operations are well-regarded, and it has a strong European heritage, making it a significant player across the continent.
PJT: While you mentioned not considering PJT due to its Rx focus, it's worth noting that PJT is highly reputable in London for restructuring but less relevant for M&A compared to other EBs.
In summary, Lazard and Rothschild have a strong European heritage and are well-established in both London and continental Europe, with Lazard particularly dominant in DACH. PWP and Evercore are growing but are generally seen as stronger in specific regions or sectors rather than having a uniformly strong presence across Europe. If you're joining one of these firms, your experience will likely depend on the specific team and office dynamics.
Sources: Strength of EBs in London, Ranking: Evercore NY, PWP NY, Lazard NY, Lazard Tech?, EB Comparisons, Investment banks BB/EB London ranking 2020, PWP LA, Lazard LA, and Houlihan LA (RX)
PJT strong in DACH M&A. They have the former Head of Germany and Austria for JP and the former head of Germany for MS.
Quis consequuntur voluptas et. Est temporibus illum nam molestias ut vitae eius. Voluptates aut fugiat tempora ut officia commodi ullam. Animi mollitia odio dolorum animi quia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...