Restructuring Groups have more work than they can handle
It seems like EBs are cross staffing junior bankers to cover the heavy workload in this current environment:
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Interesting
Some people on WSO lately have mentioned the possibility of Rx hiring a larger class. Mostly just speculation in light of Rx groups being slammed. Has anyone received any confirmation across any of the banks that this will be the case?
While this makes sense in theory, I think it ignores the fact that MDs are the ones who bring in deals. I'm sure MDs can bring in a couple of more deals but I would expect that it's only to a limit. Therefore, bringing in more analysts can help with the workload, but only to the extent of how many deals each MD can bring in.
Can confirm that my EB RX team (PJT/ LAZ/ MoCo) is cross staffing coverage/m&a analysts for assignments.
Would you say networking with EBs during this time isn't ideal given the amount of work both RX and M&A bankers have to do? Just wondering since i've been networking with EBs and my response rates have fallen since March.
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