Lazard, Inc.

Lazard, Inc. (NYSE: LAZ) operates as a global financial advisory and asset management firm founded in 1848, with its website at www.lazard.com. The company converted from a Bermuda-incorporated entity to a Delaware C-Corporation on January 1, 2024, maintaining continuity in its operations and shareholder base through a one-to-one share conversion.

The firm operates through two primary business segments: Financial Advisory and Asset Management. The Financial Advisory segment provides mergers and acquisitions advisory, capital markets and capital solutions, restructuring and liability management, shareholder advisory, sovereign advisory, geopolitical advisory, and strategic consulting services to corporations, partnerships, institutions, governments, and high net worth individuals globally. This segment generated approximately 83% of net revenue and employed 216 managing directors alongside 1,358 other professionals and support staff as of December 31, 2025. The company served 346 clients generating at least one million dollars in fees, with the ten largest clients representing approximately 17% of Financial Advisory segment revenue.

The Asset Management segment manages a broad range of global investment solutions across equity, fixed income, cash management, and alternative investment strategies. As of December 31, 2025, the segment managed approximately 82% of assets on behalf of institutional and intermediary clients, with the remaining 18% serving individual relationships including family offices and high net worth individuals. This segment employed 124 managing directors and 1,160 other professionals and support staff.

Lazard maintains a substantial global footprint with major offices in New York, London, and Paris, complemented by operations across North and South America, Europe, the Middle East, Asia, and Australia. The company employed 3,309 full-time people as of December 31, 2025, with an additional 22 managing directors and 429 professionals in its Corporate segment.

The firm differentiates itself through its emphasis on independent advice, global reach combined with deep local knowledge, and senior-level client engagement. Lazard competes on factors including industry expertise, transaction execution capabilities, investment performance, client relationships, brand recognition, and the absence of conflicts inherent in its independent advisory model.