Today's Equivalent of Defunct Firms
What would be the modern equivalent of defunct firms for e.g., Lehman, Bear Stearns, DLJ, Drexel etc in terms of ranking, prestige etc?
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Probably JEF or MOE with jefferies lacking a little on the prestige front for now
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Bear Stearns - Jefferies
Lehman - Moelis (w/ bigger balance sheet)
Drexel is kinda hard to rank. They mostly specialized in the junk bond field, less on M&A.
DLJ - Maybe Evercore? Not sure. They were highly regarded, though not quite like a GS or MS
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