Energy companies are feeling the pinch. Wall Street is getting ready to gorge.
A precipitous decline in commodity prices, including the price of oil, in recent months means that flailing companies need to restructure their businesses.
Lazard CEO Kenneth Jacobs on Friday said on a conference call Friday that his firms restructuring advisory business was a particularly strong point in the first quarter.
Restructuring had a strong first quarter, Jacobs said following the release of Lazards first-quarter earnings.
The majority of restructuring activity remained centered around energy and commodity-related sectors, and Lazard is advising on a substantial share of these assignments.
That comes amid a quarter when…
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