Thoughts on HL Healthcare?

Based on the most helpful WSO content, the Houlihan Lokey (HL) Healthcare group is known for being extremely busy with strong deal flow, particularly in the healthcare space. However, the culture is described as "sweaty," with long hours and a demanding environment. Sundays are often considered heavy workdays, with 15-18 hour days being common, though Saturdays are generally protected.

The group has a strong reputation for deal exposure and learning opportunities, but it is also noted for being understaffed at the junior level, which contributes to the intense workload. While the healthcare team has a good reputation and wins high-quality mandates, the compensation may not always be on par with other middle-market banks offering larger bonuses.

For biopharma/biotech specifically, there isn't a direct mention of HL's strength in this vertical compared to other healthcare areas, but the overall healthcare deal flow is solid. If you're looking for a strong learning experience and exposure to deals, this could be a good opportunity, but be prepared for the challenging culture.

Sources: PWP NY Groups, Houlihan Lokey Healthcare Group Insights, PWP LA, Lazard LA, and Houlihan LA (RX), Banks with best cultures