London Rx WLB

Based on the most helpful WSO content, restructuring (Rx) roles in London boutiques like Rothschild, PJT, Lazard, and Houlihan Lokey (HL) are generally known for demanding hours, but there are some nuances:

1. Houlihan Lokey (HL): HL is often considered one of the "sweatier" shops in restructuring. The workload can be intense, with long hours being the norm due to the high volume of deals and the competitive nature of the space.

2. PJT Partners: PJT is also known for its rigorous workload, especially in restructuring. However, the firm is highly regarded for its deal flow and exit opportunities, which can make the demanding hours more palatable for some.

3. Lazard: Lazard's restructuring team in London is similarly demanding, with hours comparable to HL and PJT. The culture and workload can vary slightly depending on the specific group, but it's generally intense.

4. Rothschild: Rothschild's restructuring team may offer a slightly better work-life balance compared to HL, PJT, and Lazard. However, this can depend on the specific team and deal flow at any given time.

In general, restructuring roles at these top boutiques in London are known for their challenging hours, but they also provide excellent learning opportunities and career progression. If work-life balance is a priority, it might be worth exploring smaller or less competitive firms where the pace may be less intense.

Sources: RX scene in London/Europe, Investment Banking Analyst: A True Day in the Life, WSO 2022 Investment Banking Work-Conditions Survey (Part 1/3), Work/Life Balance: Equity Research vs. Investment Banking - (A Definitive Guide, Part 1), Wharton kids favor restructuring/distressed investing?