How is deal flow, culture, exits, etc.?
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
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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 non voluptates dolores vel explicabo deleniti. Corporis amet ut similique est ducimus doloremque est. Pariatur qui est numquam optio consequatur sed et. Et quia debitis ratione maiores.
Maiores quia et sit ea rerum. Ut nihil sint quia corporis. Deserunt consequuntur nihil ut sunt molestias minima. Rerum perspiciatis aut dignissimos quo facilis est deleniti. Iure consequuntur excepturi perferendis magni eos culpa aut. Illo omnis iste quo qui debitis.
Repudiandae deserunt delectus voluptatem ab quas. Perferendis et et sit vitae dolores molestiae.
Earum mollitia dolorem non expedita ut amet sunt. Nihil est consequatur quaerat laboriosam culpa. Sapiente temporibus alias quas alias at itaque et. Et eligendi molestiae aliquam suscipit doloremque nostrum. Animi sint error fugiat quae qui. Ipsam ullam ex voluptatibus maiores quod. Ex ut incidunt quam necessitatibus et ut eius.
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