I see some posts here calling it the top UK bank ex-JPM, MS, GS, then there's other posts calling it terrible for culture and exits. Can anyone give an explanation to where it stands?
Also, if anyone has insights into their OC/FT recruiting process.
Strong history of reputation in London, good (but not great) deal flow etc. but recently for past three years being massively beaten by EVR/PJT for exits in MF/UMM. Laz has hardly any decent exits nowadays, 1/2 decent ones per year. Also losing a few seniors to competitors. Seems like there are only a few key people left.
Nowadays, the ranking is tending towards MS/JPM/GS --> PJT/EVR/BofA --> PWP/Laz/Citi/Roths ---> etc. all things considered.
Do you know why they randomly stopped having great exits? Possible that it’s more career bankers or does it have to do with their mostly British analyst classes?
Venture / Growth banking team is the best from what I hear. Insane dealflow (cos why wouldn't you hire Lazard for the series B round of your SaaS business) and most people exit to Silicon Valley these days. True story
I think above poster is correct - still obviously does good deals (Fremantle, hsbc, LXi, all mega deals in '24), though it's true there has been some exodus of seniors (think it's French office that's now running the show). Exits because most are Brits at the junior levels, by large aren't self-selecting for PE for various reasons (languages) etc - still, some included WP, APO, Citadel etc. Mixed bag
You mean the French office that basically lost all of its historical CAC40 clients when Piguasse and a few other partners left to open the Centerview Paris office?
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Strong history of reputation in London, good (but not great) deal flow etc. but recently for past three years being massively beaten by EVR/PJT for exits in MF/UMM. Laz has hardly any decent exits nowadays, 1/2 decent ones per year. Also losing a few seniors to competitors. Seems like there are only a few key people left.
Nowadays, the ranking is tending towards MS/JPM/GS --> PJT/EVR/BofA --> PWP/Laz/Citi/Roths ---> etc. all things considered.
Do you know why they randomly stopped having great exits? Possible that it’s more career bankers or does it have to do with their mostly British analyst classes?
https://www.wallstreetoasis.com/forum/investment-banking/uk-lazard-vs-r…
Venture / Growth banking team is the best from what I hear. Insane dealflow (cos why wouldn't you hire Lazard for the series B round of your SaaS business) and most people exit to Silicon Valley these days. True story
Can confirm. The team has literally built Sequoia and other large cap VC funds. Probs one of the best teams on the street. The MD is a rainmaker
I think above poster is correct - still obviously does good deals (Fremantle, hsbc, LXi, all mega deals in '24), though it's true there has been some exodus of seniors (think it's French office that's now running the show). Exits because most are Brits at the junior levels, by large aren't self-selecting for PE for various reasons (languages) etc - still, some included WP, APO, Citadel etc. Mixed bag
You mean the French office that basically lost all of its historical CAC40 clients when Piguasse and a few other partners left to open the Centerview Paris office?
Et assumenda id blanditiis. Aut dolores totam ut provident explicabo magnam id. Omnis et molestiae ipsa et nesciunt et est atque. Et esse accusamus adipisci. Eum at ducimus provident est quis quo tempore ex. Illum placeat id porro eum reiciendis eius. Facere culpa et necessitatibus enim deleniti repellat est.
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