Lazard Ltd (NYSE:LAZ) Q3 2023 Earnings Call Transcript

That was a core kind of filter for the adjustments that we did make earlier in the year, and it will be a core filter going forward. Then with regard to the kind of the productivity ramp, if you will, and what we can learn from past experience on people who are promoted and also lateral hires, we have invested in a significant amount of analysis around that question. I think we are getting better. There’s always going to be some degree of uncertainty because until someone is actually in a seat, it’s always a little bit hard. There’s always some uncertainty around that. But we feel confident that we have some of the markers for what ups the odds or makes it less likely for someone to be productive on our platform.

Operator: Thank you. And this now concludes Lazard’s third quarter 2023 earnings conference call. You may now disconnect.