Until Artificial Intelligence Replaces Them, That Is
We previously reported on how some of our favorite restructuring bankers were faring after the recent deluge of earnings reports.Lazard Ltd. ($LAZ) reported $53mm in revenue for Q3 '17, a 3% YOY increase. For the first nine months of '17, operating revenue was $229mm, a 38% YOY increase. The company does some bragging here (page 11). Still, some are of the few that thousands of i-banking jobs will fall to artificial intelligence by 2025.