Thoughts on Lazard London?

Incoming SA — any insights on culture, deal flow, best groups, things to avoid, comp, Exits, Notable MDs etc?

I know Laz has been struggling and is a bit of a meme in London, but would appreciate any advice

32 Comments
 

Did you make a thread expecting people to say something new?  Pretty sure there’s a lot of threads which you can start with then ask more specific Qs.  And yes, they’re dying and have no exits. 

 

Hey, thank you for replying. Most threads seem to be ~2 years old and I thought there might be some changes. Maybe new md’s joining, internal changes etc

Laz seems to be having a pretty good q1 2025 in general (but idk about Laz London)

If you were in my position, what would you do to maximise odds of breaking into mf pe?

Do you think it is worth doing a target masters and try to lateral to the bbs/cvp/evr

I also didn't find too much info on group specific dealflow/culture

Would appreciate any advice

 
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Laz is having a pretty good Q1 2025???  They're down lol.  

Financial Advisory Figures.

  • Q1 2024 - $447mn
  • Q2 2024 - $408mn
  • Q3 2024 - $369mn
  • Q4 2024 - $508mn
  • Q1 2025 - $370mn

They also lost 33 clients over a quarter,  which is mad.  FYI, 61% of revenues are generated from America.

 

There are already plenty threads specifically about Lazard London — agree the place is dying across several groups (natres, ecm, tmt) with no exits. 

Seriously, an incoming analyst who doesn't know how to search could only be at Lazard

 

Focus on getting a return offer, and you should get looks from top/mid BBs and CVP/PJT/EVR for FT which are better for MF exits. Not sure about rerecruiting for SA if you get a return, depends on your risk tolerance I guess as ldn market is pretty screwed atm and no guarantee of landing and converting a better SA. I've seen people do this though.

 

Everyone on wso dunking on laz london is the funniest thing lol. Entirely their own fault for having braindead recruiting practices and buns exits

 

Well spring converts at all banks have on average hhave not great SA conversions as most of them never bothered to properly learn technicals (as they didn't need to to land a SA). And lazards class is entirely made up of them

 

Quite curious why Laz London seems to be a meme here. Admittedly not an insider, but they seem to be doing fine in the league tables? Tied for 4th place in Europe on LTM basis. 

 

Laz vs. HL. vs. WB? Which one to choose for EB/BB lateral and (MM) PE exits?

 

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