Lazard at a Glance

Uppers

  • “Very strong brand name; prestigious with extremely talented bankers picked off from other shops”
  • “Working with top-tier (Fortune 500) clients on interesting M&A deals”
  • “Great exit opportunities; well represented at all major PE and hedge funds”

Downers

  • “Harsh hours”
  • “Lack of career mentorship and poor management from seniors”
  • “Elitist culture, which can be abrasive”

The Buzz

  • “Excellent M&A boutique with great deal flow”
  • “Great reputation but tough senior bankers”
  • “Great restructuring and turnaround firm”
  • “Going through a transition period”

About Lazard

THE SCOOP

M&A masters

Founded in 1848, Lazard has advised on some of the most significant mergers and acquisitions in Europe and the Americas since the beginning of the 20th century. The firm's modern history can be traced to 2002, when dynamic dealmaker Bruce Wasserstein (whose negotiating skills earned him the nickname "Bid 'Em Up Bruce") took over the helm of the firm. Wasserstein led Lazard's IPO in 2005 and expanded the firm's international presence. After his unexpected death in 2009, Kenneth Jacobs, long-time head of Lazard's North America investment banking business, was named chairman and CEO of the firm. Today, Jacobs still leads the firm, which has principal executive offices in New York, London, and Paris. Across the globe, Lazard has offices in 43 cities in 27 countries, and employs approximately 2,400 people. 

At Lazard, there are two main business units: financial advisory and asset management (each accounts for approximately 50 percent of the firm's revenues). The financial advisory unit advises companies, boards, sovereign wealth funds, and governments on M&A transactions, capital structure, capital raising, and restructuring. Some of Lazard's latest high-profile M&A assignments include AT&T's $67.1 billion acquisition of DIRECTV, Vivendi's €17 billion sale of SFR to Numericable, and General Electric's $16.9 billion acquisition of Alstom's thermal, renewables and grid businesses. Meanwhile, Lazard's asset management business offers a range of investments in equity and fixed income strategies, alternative investments, and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. Lazard has assets under management of more than $200 billion.

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Lazard

30 Rockefeller Plaza
New York, NY 10020
Phone: (212) 632-6000
www.lazard.com

Stats

  • Employer Type: Public
  • Stock Symbol: LAZ
  • Stock Exchange: NYSE
  • Chairman & CEO: Kenneth M. Jacobs
  • 2013 Employees: 2,403

Major Office Locations

  • Sydney, Australia
  • Montreal, Canada
  • Beijing, China
  • San Francisco, CA
  • Washington, DC
  • Chicago, IL
  • New York, NY
  • Warsaw, Poland
  • Madrid, Spain
  • London, United Kingdom
  • Paris, France
  • Frankfurt, Germany
  • New Delhi, India
  • Tokyo, Japan
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