Editing Lazard (section)

===A unified firm===
In 1977, as the health of Meyer began to deteriorate, the firm came to be controlled by [[Michel David-Weill]]. Under his leadership, the three houses of Lazard were formally united in 2000 as Lazard LLC.<ref name="Cohan, The Last Tycoons">William Cohan, ''Last Tycoons: The Secret History of Lazard Frères & Co'', Doubleday, 2007</ref>

In 2002, David-Weill hired [[Bruce Wasserstein]] to be CEO. Lazard became a public company in 2005, with nearly two-thirds of its shares owned by current and former employees. Wasserstein became its first chairman and CEO. In connection with the [[initial public offering]] (IPO), Lazard spun off its broker-dealer business, Lazard Capital Markets.<ref name="lazard.com" />

Following Wasserstein's death in 2009, Lazard's board of directors elected [[Kenneth M. Jacobs]] as chairman and CEO.<ref>{{Cite news |date=November 17, 2009 |title=Lazard Names Kenneth Jacobs as Its New Chief |work=The New York Times |url=https://dealbook.nytimes.com/2009/11/17/lazard-names-jacobs-as-chairman-and-ceo/}}</ref>

Lazard invested in a startup investment bank, Independence Point Advisors, in late 2021.<ref>{{cite news |last1=Schatzker |first1=Erik |title=Lazard Backs Wall Street Diversity With ‘Salomon Sisters’ Stake |url=https://www.bloomberg.com/news/articles/2021-11-22/lazard-backs-wall-street-diversity-with-salomon-sisters-stake?srnd=premium&sref=CIpmV6x8 |access-date=22 November 2021 |work=www.bloomberg.com |date=22 November 2021}}</ref><ref>{{cite news |last1=Schatzker |first1=Erik |last2=Natarajan |first2=Sridhar |last3=Baker |first3=Liana |title=‘Salomon Sisters’ Is Coming to Wall Street, Backed by Lazard |url=https://www.bloomberg.com/news/articles/2021-09-24/-salomon-sisters-is-coming-to-wall-street-as-a-women-owned-bank?sref=CIpmV6x8 |access-date=22 November 2021 |date=24 September 2021}}</ref>

On May 26, 2023, the firm announced that [[Peter R. Orszag]], CEO of Financial Advisory, had been unanimously elected by its Board to serve as CEO of Lazard and as a Board Director, effective October 1, 2023.<ref>{{Cite news |date=May 26, 2023 |title=Lazard Appoints Peter R. Orszag as CEO and Kenneth M. Jacobs as Executive Chairman |work=Lazard.com |url=https://www.lazard.com/news-announcements/lazard-appoints-peter-r-orszag-as-ceo-and-kenneth-m-jacobs-as-executive-chairman/}}</ref> Orszag became chief executive officer of Lazard on October 1, 2023.<ref>{{cite news |last1=Hirsch |first1=Lauren |title=Lazard Names Peter Orszag to Succeed Ken Jacobs as C.E.O. |url=https://www.nytimes.com/2023/05/26/business/dealbook/lazard-ceo-orszag.html |access-date=1 October 2023 |work=The New York Times |date=May 26, 2023}}</ref>

The publicly traded partnership Lazard Ltd was reincorporated under the [[Delaware General Corporation Law]] effective January 1, 2024 and changed its name from Lazard Ltd to Lazard, Inc.<ref>{{Cite web |title=Lazard Ltd Completes Conversion to a U.S. C-Corporation and is Renamed Lazard, Inc. |url=https://www.lazard.com/news-announcements/lazard-ltd-completes-conversion-to-a-us-c-corporation-and-is-renamed-lazard-inc/ |access-date=2024-01-27 |website=Lazard.com |language=en}}</ref>

In 2025, Lazard and alternative credit firm Arini Capital Management have formed a strategic alliance to collaborate on sourcing and direct lending opportunities across Europe, the Middle East, and Africa.<ref>{{Cite web |date=2025-03-25 |title=Lazard and alt credit firm Arini team up for EMEA direct lending deals |url=https://www.pionline.com/alternatives/lazard-arini-capital-management-team-emea-direct-lending-deals |access-date=2025-03-26 |website=Pensions & Investments |language=en}}</ref>