Compensation

The slender limestone tower of 30 Rockefeller Plaza rising between two lower stone buildings hung with American flags, seen from Fifth Avenue under a pale sky.

Lazard's Adjusted Revenue Rose 11 Per Cent in the Third Quarter. Its Adjusted Profit Fell 35 Per Cent, as Pay Held at 69.9 Per Cent of Revenue.

Lazard said on 22 October that adjusted net revenue rose 11 per cent to $805 million in the third quarter, with advisory and asset management both up. Adjusted earnings fell 36 per cent to 36 cents a share as the adjusted compensation ratio rose to 69.9 per cent from 65.5 per cent. The firm's long-term target is 60 per cent or below.

By Daniel Okafor 6 hours ago

A manager standing to address colleagues seated with laptops around a table

Leadership

Pay Transparency Changes What Managers Are Allowed to Say

Disclosure laws were written to affect job postings. Their most significant effect has been inside the building, on conversations managers were never trained to have.

By Margaret Holloway July 30, 2026

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Lazard's Adjusted Revenue Rose 11 Per Cent in the Third Quarter. Its Adjusted Profit Fell 35 Per Cent, as Pay Held at 69.9 Per Cent of Revenue.

Pay Transparency Changes What Managers Are Allowed to Say