
The Campbell Lutyens acquisition is anticipated to establish a leading global primary and secondary advisory business, with approximately $500M in combined 2027 revenue for Lazard.
Bullish
Lazard's Campbell Lutyens acquisition anticipates $500M in 2027 revenue, Asset Management revenue grew 17% with $9B net flows, and Financial Advisory added 28 Managing Directors.
Bearish
Lazard's Financial Advisory revenue declined 4%, adjusted net income fell 23% to $47M, and the adjusted compensation ratio increased to 69.9% for the quarter.