Lazard LTD. (LAZ) Q1 2025 Earnings Call

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WEBVTT 00:00:00.267 -- 00:00:03.672 We stand by. We're about to begin. Good 00:00:03.672 -- 00:00:08.659 morning, everyone, and welcome to Lazard's first quarter 2025 earnings conference call. 00:00:08.659 -- 00:00:13.426 This call is being recorded. Currently, all participants are in a listen-only mode. 00:00:13.426 -- 00:00:17.072 Following the remarks, we will conduct a question and answer session. 00:00:17.072 -- 00:00:19.756 Instructions will be provided at that time. 00:00:19.756 -- 00:00:23.762 If anyone should require assistance during the call today, please press star key followed 00:00:23.762 -- 00:00:28.268 by zero on your telephone keypad. At this time, I will now turn the conference over to 00:00:28.268 -- 00:00:32.107 Alexandra Degnan, Lazard's Head of Investor Relations and Treasury. 00:00:32.107 -- 00:00:32.668 Please go ahead, ma'am. 00:00:32.668 -- 00:00:37.115 Alexandra Degnan Thank you, Bill. Good morning, everyone, and welcome to Lazard's earnings 00:00:37.115 -- 00:00:41.542 call for the first quarter of 2025. I'm Alexandra Degnan, Head of Investor Relations 00:00:41.542 -- 00:00:46.109 and Treasury. In addition to today's audio comments, we've posted our earnings release 00:00:46.109 -- 00:00:50.496 on our website. A replay of this call will also be available on our website later today. 00:00:50.496 -- 00:00:54.101 Before we begin, let me remind you that we may make forward-looking statements about 00:00:54.101 -- 00:00:57.767 our business and performance. There are important factors that could cause our actual 00:00:57.767 -- 00:01:01.611 results, level of activity, performance, achievements, or other events to differ materially 00:01:01.611 -- 00:01:05.595 from those expressed or implied by the forward-looking statements, including but not 00...