So, we all know about the 6 or so EBs that are constantly mentioned on this website. I'm talking about firms like Evercore, Lazard, Moelis, and such.
However, we clearly can't treat all the other boutiques the same. There seems to be a group of boutiques that stand out above others. Some of the names that come to mind are LionTree, Dyal Co., Robey Warshaw, M. Klein, Dean Bradley Osborne, Incentrum, and Zaoui & Co. I'm sure there are others that I'm missing too.
But, my questions are: Do these firms care to expand massively to reach the levels of the so-called EBs? If so, what's holding them back?
I work at an EB myself, so I seem to be a bit out of touch with the mindset of these "rising" boutiques and would appreciate insights into what they're thinking.