Awards for Excellence 2014: Best independent investment bank
A more cohesive, flatter management structure has kept the venerable investment bank ahead of its challengers.
Best independent investment bank:
As the recovery in mergers and acquisitions activity accelerated at the start of this year, much attention focused on the growing prominence of small, boutique advisers working on many of the biggest and most complex deals alongside the integrated universal banks.
Few of these boutiques are any more than vehicles for high-profile individual dealmakers to monetize networks of relationships with corporate CEOs built up over decades, advising them from inside the big firms. It is sometimes overlooked that the only independent firm that truly challenges the big universal banks in the fee and volume league tables in M&A is no recently formed boutique, but rather the 165-year-old investment bank Lazard.