<SEC-DOCUMENT>0001628280-24-051041.txt : 20241212
<SEC-HEADER>0001628280-24-051041.hdr.sgml : 20241212
<ACCEPTANCE-DATETIME>20241212161531
ACCESSION NUMBER:		0001628280-24-051041
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		17
CONFORMED PERIOD OF REPORT:	20241211
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20241212
DATE AS OF CHANGE:		20241212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Lazard, Inc.
		CENTRAL INDEX KEY:			0001311370
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				980437848
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32492
		FILM NUMBER:		241545003

	BUSINESS ADDRESS:	
		STREET 1:		30 ROCKEFELLER PLAZA
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10112
		BUSINESS PHONE:		(212) 632-6000

	MAIL ADDRESS:	
		STREET 1:		30 ROCKEFELLER PLAZA
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10112

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Lazard Ltd
		DATE OF NAME CHANGE:	20041213
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>laz-20241211.htm
<DESCRIPTION>8-K
<TEXT>
<XBRL>
<?xml version='1.0' encoding='ASCII'?>
<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2024 Workiva-->
<!--r:2ffe6ba2-31fd-4cf3-a44e-d44a2705152e,g:b223c8ee-6208-4d03-9c7e-b325ed13fc0e,d:6d173dc8d8e849e89074f4e88959cc5b-->
<html xmlns="http://www.w3.org/1999/xhtml" xmlns:dei="http://xbrl.sec.gov/dei/2023" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2020-02-12" xmlns:link="http://www.xbrl.org/2003/linkbase" xml:lang="en-US"><head><meta http-equiv="Content-Type" content="text/html"/>


<title>laz-20241211</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="c-1" name="dei:EntityCentralIndexKey" id="f-21">0001311370</ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="dei:AmendmentFlag" format="ixt:fixed-false" id="f-22">FALSE</ix:nonNumeric></ix:hidden><ix:references xml:lang="en-US"><link:schemaRef xlink:type="simple" xlink:href="laz-20241211.xsd"/></ix:references><ix:resources><xbrli:context id="c-1"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001311370</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-12-11</xbrli:startDate><xbrli:endDate>2024-12-11</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div id="i6d173dc8d8e849e89074f4e88959cc5b_1"></div><div style="min-height:36pt;width:100%"><div><span><br/></span></div></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:3pt double #000;padding:0 1pt"/></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">UNITED STATES </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">WASHINGTON, D.C. 20549 </span></div><div style="margin-bottom:3pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:46.250%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/></tr></table></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">FORM <ix:nonNumeric contextRef="c-1" name="dei:DocumentType" id="f-1">8-K</ix:nonNumeric></span></div><div style="margin-bottom:3pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:46.250%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">CURRENT REPORT </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 </span></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Date of Report (Date of earliest event reported): <ix:nonNumeric contextRef="c-1" name="dei:DocumentPeriodEndDate" format="ixt:date-monthname-day-year-en" id="f-2">December 11, 2024</ix:nonNumeric></span></div><div style="margin-bottom:3pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:46.250%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:24pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityRegistrantName" id="f-3">Lazard, Inc.</ix:nonNumeric></span></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(Exact name of registrant as specified in its charter) </span></div><div style="margin-bottom:6pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:46.250%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/></tr></table></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:32.372%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:32.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:32.095%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%"><ix:nonNumeric contextRef="c-1" name="dei:EntityIncorporationStateCountryCode" format="ixt-sec:stateprovnameen" id="f-4">Delaware</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%"><ix:nonNumeric contextRef="c-1" name="dei:EntityFileNumber" id="f-5">001-32492</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%"><ix:nonNumeric contextRef="c-1" name="dei:EntityTaxIdentificationNumber" id="f-6">98-0437848</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(State or Other Jurisdiction<br/>of Incorporation)</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:115%">(Commission File Number)</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(IRS Employer<br/>Identification No.)</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressAddressLine1" id="f-7">30 Rockefeller Plaza</ix:nonNumeric> </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%">&#160;<ix:nonNumeric contextRef="c-1" name="dei:EntityAddressCityOrTown" id="f-8">New York</ix:nonNumeric>, <ix:nonNumeric contextRef="c-1" name="dei:EntityAddressStateOrProvince" format="ixt-sec:stateprovnameen" id="f-9">New York</ix:nonNumeric></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressPostalZipCode" id="f-10">10112</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">(Address of Principal Executive Offices)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">(Zip Code)</span></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Registrant&#8217;s Telephone Number, Including Area Code: <ix:nonNumeric contextRef="c-1" name="dei:CityAreaCode" id="f-11">212</ix:nonNumeric>-<ix:nonNumeric contextRef="c-1" name="dei:LocalPhoneNumber" id="f-12">632-6000</ix:nonNumeric></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Not Applicable </span></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(Former Name or Former Address, if Changed Since Last Report) </span></div><div style="margin-bottom:6pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:46.250%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/></tr></table></div><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">see</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> General Instruction A.2. below):</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.722%"><tr><td style="width:1.0%"/><td style="width:2.660%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:95.140%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:114%"><ix:nonNumeric contextRef="c-1" name="dei:WrittenCommunications" format="ixt-sec:boolballotbox" id="f-13">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:114%"><ix:nonNumeric contextRef="c-1" name="dei:SolicitingMaterial" format="ixt-sec:boolballotbox" id="f-14">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:114%"><ix:nonNumeric contextRef="c-1" name="dei:PreCommencementTenderOffer" format="ixt-sec:boolballotbox" id="f-15">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:114%"><ix:nonNumeric contextRef="c-1" name="dei:PreCommencementIssuerTenderOffer" format="ixt-sec:boolballotbox" id="f-16">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </span></td></tr></table></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Securities registered pursuant to Section 12(b) of the Act:</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:31.816%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:31.955%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:31.819%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Title of each class</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Trading<br/>Symbol(s)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Name of each exchange on which registered</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%"><ix:nonNumeric contextRef="c-1" name="dei:Security12bTitle" id="f-17">Common Stock, par value $0.01 per share</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%"><ix:nonNumeric contextRef="c-1" name="dei:TradingSymbol" id="f-18">LAZ</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%"><ix:nonNumeric contextRef="c-1" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="f-19">New York Stock Exchange</ix:nonNumeric></span></td></tr></table></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;&#8201;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;&#8201;240.12b-2 of this chapter).</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Emerging growth company </span><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityEmergingGrowthCompany" format="ixt-sec:boolballotbox" id="f-20">&#9744;</ix:nonNumeric></span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </span><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#9744;</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr style="height:4pt"><td colspan="3" style="border-bottom:3pt double #000000;padding:0 1pt"/></tr></table></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><div id="i6d173dc8d8e849e89074f4e88959cc5b_10"></div><hr style="page-break-after:always"/><div style="min-height:72pt;width:100%"><div><span><br/></span></div></div><div style="margin-bottom:9pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 1.01 Entry into a Material Definitive Agreement</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">On December 12, 2024, Lazard Group LLC, a Delaware limited liability company (&#8220;Lazard Group&#8221;), as the issuer, Lazard, Inc., a Delaware corporation (&#8220;Lazard&#8221;), and The Bank of New York Mellon, as the trustee (the &#8220;Trustee&#8221;), entered into the Eleventh Supplemental Indenture (the &#8220;Eleventh Supplemental Indenture&#8221;) to the Indenture dated as of May 10, 2005 (as amended and supplemented from time to time, the &#8220;Indenture&#8221;), between Lazard Group and the Trustee, under which Lazard Group&#8217;s $300,000,000 aggregate principal amount of 3.625% Senior Notes due 2027, $500,000,000 aggregate principal amount of 4.500% Senior Notes due 2028, $500,000,000 aggregate principal amount of 4.375% Senior Notes due 2029 and $400,000,000 aggregate principal amount of 6.000% Senior Notes due 2031 (collectively, the &#8220;Notes&#8221;) were issued. </span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Eleventh Supplemental Indenture modifies the reporting covenant contained in the Indenture to provide that so long as any parent entity of Lazard Group guarantees the securities issued under the Indenture (including the Notes), the reports, information and other documents required to be filed and furnished to holders pursuant to the Indenture may, at the option of Lazard Group, be filed by and be those of such parent entity rather than Lazard Group. </span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Pursuant to the Eleventh Supplemental Indenture, Lazard has provided a guarantee of each series of the Notes (with respect to each series of Notes, a &#8220;Lazard Guarantee&#8221;), and Lazard Group expects that it will exercise its rights under the Indenture for Lazard to file or furnish the reports, information and other documents required pursuant to the Indenture in lieu of Lazard Group filing or furnishing such reports, information and other documents. Each Lazard Guarantee is an unsecured unsubordinated obligation of Lazard and will rank </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">pari passu</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%"> with Lazard&#8217;s other unsecured unsubordinated obligations. </span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The foregoing summary of the Eleventh Supplemental Indenture does not purport to be complete and is qualified in its entirety by reference to the complete terms of the Eleventh Supplemental Indenture, a copy of which is attached as Exhibit 4.1 to this Current Report on Form 8-K and incorporated herein by reference. </span></div><div id="i6d173dc8d8e849e89074f4e88959cc5b_151"></div><div style="margin-bottom:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%">Item 8.01 Other Events</span></div><div style="margin-bottom:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">On December 11, 2024, Lazard announced the completion of the consent solicitation and offer to guarantee whereby Lazard obtained the requisite consents of the holders of each series of the Notes to amend the Indenture to modify the reporting covenant to provide that so long as any parent entity of Lazard Group guarantees the securities issued under the Indenture (including the Notes), the reports, information and other documents required to be filed and furnished to holders of such series of notes pursuant to the applicable indenture may, at the option of Lazard Group, be filed by and be those of such parent entity rather than Lazard Group. Lazard also announced that it will guarantee the Notes. </span></div><div style="margin-bottom:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">A copy of the press release announcing the closing of the consent solicitation is hereby incorporated by reference and attached hereto as Exhibit 99.1. </span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">Cautionary Note Regarding Forward Looking Statements </span></div><div style="margin-bottom:12pt;padding-right:5.05pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">This Current Report on Form 8-K contains &#8220;forward-looking statements&#8221; within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as &#8220;may,&#8221; &#8220;might,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; &#8220;could,&#8221; &#8220;would,&#8221; &#8220;expect,&#8221; &#8220;plan,&#8221; &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221; &#8220;predict,&#8221; &#8220;potential,&#8221; &#8220;target,&#8221; &#8220;goal,&#8221; or &#8220;continue,&#8221; and the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies, business plans and initiatives and anticipated trends in our business. These forward-looking statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements.</span></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:72pt;width:100%"><div><span><br/></span></div></div><div style="margin-bottom:12pt;padding-right:5.45pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">These factors include, but are not limited to, those discussed in our Annual Report on Form 10-K under Item 1A &#8220;Risk Factors,&#8221; and also discussed from time to time in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, including the following:</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">Adverse general economic conditions or adverse conditions in global or regional financial markets;</span></div><div style="padding-left:36pt;padding-right:5.35pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">A decline in our revenues, for example due to a decline in overall mergers and acquisitions (M&amp;A) activity, our share of the M&amp;A market or our assets under management (AUM);</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">Losses caused by financial or other problems experienced by third parties;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">Losses due to unidentified or unanticipated risks;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">A lack of liquidity, i.e., ready access to funds, for use in our businesses;</span></div><div style="padding-left:36pt;padding-right:5.35pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">Competitive pressure on our businesses and on our ability to retain and attract employees at current compensation levels; and</span></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">Changes in relevant tax laws, regulations or treaties or an adverse interpretation of those items.</span></div><div style="margin-bottom:12pt;padding-right:7.05pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">These risks and uncertainties are not exhaustive. Our SEC reports describe additional factors that could adversely affect our business and financial performance. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for our management to predict all risks and uncertainties, nor can management assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.</span></div><div style="margin-bottom:12pt;padding-right:7.05pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">As a result, there can be no assurance that the forward-looking statements included in this Current Report on Form 8-K will prove to be accurate or correct. Although we believe the statements reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, achievements or events. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this Current Report on Form 8-K to conform our prior statements to actual results or revised expectations and we do not intend to do so.</span></div><div id="i6d173dc8d8e849e89074f4e88959cc5b_162"></div><div style="-sec-extract:summary;margin-bottom:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%">Item 9.01 Financial Statements and Exhibits</span></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">(d)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;padding-left:6.34pt">Exhibits. </span></div><div style="margin-bottom:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:6.912%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.441%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:90.247%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Exhibit No.</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Description</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.1</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit41-8xk.htm">Eleventh Supplemental Indenture, dated as of December 12, 2024, among Lazard Group LLC, Lazard, Inc. and The Bank of New York Mellon, as trustee</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.1</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit51-8xk.htm">Opinion of Sullivan &amp; Cromwell LLP</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">99.1</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit991-8xk.htm">Press Release dated December 11, 2024, relating to the consent solicitation</a></span></div></td></tr></table></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><div id="i6d173dc8d8e849e89074f4e88959cc5b_13"></div><hr style="page-break-after:always"/><div style="min-height:72pt;width:100%"><div><span><br/></span></div></div><div style="margin-bottom:12pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURES</span></div><div style="margin-bottom:12pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.</span></div><div style="margin-bottom:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:34.797%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.085%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.470%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.188%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:34.960%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:0.75pt;padding-right:-1.38pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">LAZARD, INC.</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Registrant)</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By:</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Shari Soloway</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Name:</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Shari Soloway</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title:</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Corporate Secretary</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Dated: December 12, 2024</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div></body></html>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.1
<SEQUENCE>2
<FILENAME>exhibit41-8xk.htm
<DESCRIPTION>EX-4.1
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2024 Workiva -->
<title>Document</title></head><body><div id="i6af630b162c64d7db212ce1ba7811a41_1"></div><div style="min-height:72pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Exhibit 4.1</font></div></div><div style="margin-bottom:24pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:3pt double #000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:24pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">______________________</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">ELEVENTH SUPPLEMENTAL INDENTURE</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Dated as of December 12, 2024</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">among </font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">LAZARD GROUP LLC </font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">and </font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">LAZARD, INC.</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">and </font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">THE BANK OF NEW YORK MELLON,</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">as Trustee</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">______________________</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">to the</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">INDENTURE</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Dated as of May 10, 2005</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">between</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">LAZARD GROUP LLC</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">and</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">THE BANK OF NEW YORK MELLON,</font></div><div style="margin-bottom:80pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">as Trustee</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:3pt double #000;padding:0 1pt"></td></tr></table></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font><br></font></div></div></div><div id="i6af630b162c64d7db212ce1ba7811a41_4"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Table of Contents</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:21.335%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:70.214%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.151%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%;text-decoration:underline">Page</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">ARTICLE I</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Definitions</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">SECTION 1.01.</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Definitions</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">2</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">ARTICLE II</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">AMENDMENTS</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">SECTION 2.01.</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Modifications to Original Indenture</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">2</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">ARTICLE III</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Guarantee</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">SECTION 3.01.</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Guarantees</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">3</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">SECTION 3.02.</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Limitation on Liability</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">5</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">SECTION 3.03.</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Release of Guarantees&#59; No Successors</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">5</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">SECTION 3.04.</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">No Waiver</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">5</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">SECTION 3.05.</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Non-Impairment</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">6</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">SECTION 3.06.</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Benefits Acknowledged</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">6</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">ARTICLE IV</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Miscellaneous</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">SECTION 4.01.</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Ratification of Original Indenture&#59; Supplemental Indentures<br>Part of Original Indenture</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">6</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">SECTION 4.02.</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Concerning the Trustee</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">6</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">SECTION 4.03.</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Counterparts</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">6</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">SECTION 4.04.</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Governing Law</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">7</font></td></tr></table></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font><br></font></div></div></div><div id="i6af630b162c64d7db212ce1ba7811a41_7"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="margin-bottom:12pt;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">ELEVENTH SUPPLEMENTAL INDENTURE, dated as of December&#160;12,&#160;2024 (this &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Eleventh Supplemental Indenture</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;), to the Indenture, dated as of May 10, 2005 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Original Indenture</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;), among LAZARD GROUP LLC, a Delaware limited liability company (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Company</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;),</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">THE BANK OF NEW YORK MELLON (formerly known as The Bank of New York), as trustee (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Trustee</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;) and, solely with respect to Article III, LAZARD, INC., a Delaware corporation (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Guarantor</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;).</font></div><div style="margin-bottom:12pt;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">WHEREAS, the Company and the Trustee have heretofore executed and delivered the Original Indenture to provide for the issuance from time to time of Securities (as defined in the Original Indenture) of the Company, to be issued in one or more Series (as defined in the Original Indenture)&#59;</font></div><div style="margin-bottom:12pt;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">WHEREAS, pursuant to Sections 2.02 and 9.01 of the Original Indenture, the Company and the Trustee established the terms of certain Series of Securities entitled the (i) 3.750% Senior Notes due 2025 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">2025 Notes</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;), issued pursuant to the Sixth Supplemental Indenture, dated February 13, 2025, between the Company and the Trustee, (ii) 3.625% Senior Notes due 2027 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">2027 Notes</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;), issued pursuant to the Seventh Supplemental Indenture, dated November 4, 2016, between Company and the Trustee, (iii) 4.500% Senior Notes due 2028 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">2028 Notes</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;), issued pursuant to the Eighth Supplemental Indenture, dated September 19, 2018, between the Company and the Trustee, (iv) 4.375% Senior Notes due 2029 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">2029</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Notes</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;), issued pursuant to the Ninth Supplemental Indenture, dated March 11, 2019, between the Company and the Trustee and (v) 6.000% Senior Notes due 2031 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">2031 Notes</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221; and, together with the 2027 Notes, the 2028 Notes and the 2029 Notes, the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Affected Notes</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;), issued pursuant to the Tenth Supplemental Indenture, dated March 12, 2024, between the Company and the Trustee&#59; </font></div><div style="margin-bottom:12pt;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">WHEREAS, the Company is a direct, wholly-owned subsidiary of the Guarantor&#59;</font></div><div style="margin-bottom:12pt;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">WHEREAS, the Board of Directors of the Guarantor has determined it to be in the best interest of the Guarantor to guarantee, to the extent set forth herein, all of the Company&#8217;s obligations under the Affected Notes and the Indenture (as defined below)&#59;</font></div><div style="margin-bottom:12pt;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">WHEREAS, the Company desires to execute and deliver this Eleventh Supplemental Indenture in order to amend certain terms of the Original Indenture (collectively, the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Proposed Amendments</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;) and provide for the Guarantee (as defined below)&#59; </font></div><div style="margin-bottom:12pt;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">WHEREAS, as of the date hereof, the Company has redeemed all of the issued and outstanding 2025 Notes, such that the Affected Notes constitute all of the Series of Securities issued and outstanding under the Original Indenture&#59; </font></div><div style="margin-bottom:12pt;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">WHEREAS, in accordance with Section 9.02 of the Original Indenture, the Company has received written consents to the Proposed Amendments from the holders of at least a majority in principal amount of each Series of the Affected Notes outstanding as of the record date fixed by the Company in accordance with Section 9.04 of the Original Indenture, excluding Affected Notes owned by the Company or by any person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company, and accordingly, the </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Company and the Trustee are expressly permitted to enter into this Eleventh Supplemental Indenture&#59; </font></div><div style="margin-bottom:12pt;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">WHEREAS for the purposes hereinabove recited, and pursuant to due corporate action, the Company has duly determined to execute and deliver to the Trustee this Eleventh Supplemental Indenture&#59; and</font></div><div style="margin-bottom:12pt;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">WHEREAS all covenants and conditions necessary to make this Eleventh Supplemental Indenture (the Original Indenture, as heretofore supplemented and amended and as further supplemented by this Eleventh Supplemental Indenture, being hereinafter called the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Indenture</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;) a valid, legal and binding instrument in accordance with its terms have been done and performed, and the execution and delivery hereof have been in all respects duly authorized.</font></div><div style="margin-bottom:12pt;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the sufficiency and adequacy of which are hereby acknowledged, the parties hereto hereby agree as follows&#58;</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">ARTICLE I</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">DEFINITIONS</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">SECTION 1.01.&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Definitions.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(a)&#160;&#160;&#160;&#160;Capitalized terms used herein and not otherwise defined herein shall have the respective meanings ascribed thereto in the Original Indenture.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(b)&#160;&#160;&#160;&#160;The rules of interpretation set forth in the Original Indenture shall be applied hereto as if set forth in full herein.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(c)&#160;&#160;&#160;&#160;For all purposes of this Eleventh Supplemental Indenture, except as otherwise herein expressly provided or unless the context otherwise requires&#58; (i) the terms and expressions used herein shall have the same meanings as corresponding terms and expressions used in the Original Indenture&#59; and (ii) the words &#8220;herein,&#8221; &#8220;hereof&#8221; and &#8220;hereby&#8221; and other words of similar import used in this Eleventh Supplemental Indenture refer to this Eleventh Supplemental Indenture as a whole and not to any particular section hereof.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(d)&#160;&#160;&#160;&#160;&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Guarantee</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221; means the guarantee by the Guarantor of the Company&#8217;s obligations under the Indenture and the Affected Notes. </font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">ARTICLE II</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">AMENDMENTS</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">SECTION 2.01.&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Modifications to Original Indenture.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">  </font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(a)&#160;&#160;&#160;&#160;Section 4.02 of the Original Indenture, entitled &#8220;SEC Reports,&#8221; is hereby amended to read in its entirety as follows&#58;</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">-2-</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8220;SECTION 4.02. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">SEC Reports</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. Unless otherwise indicated in a Board Resolution, a supplemental indenture hereto or an Officers&#8217; Certificate, notwithstanding that the Company may not be subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, so long as any Securities are outstanding, the Company shall furnish to the Trustee and the Holders copies of such annual reports and such information, documents and other reports as are specified in Sections 13 and 15(d) of the Exchange Act and applicable to a U.S. corporation (and not a foreign private issuer) subject to such Sections, at the times specified for the filing of such information, documents and reports under such Sections. Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee&#8217;s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company&#8217;s compliance with any of the covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers&#8217; Certificates). The Company also shall comply with the other provisions of TIA &#167; 314(a).</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">In addition, whether or not required by the rules and regulations of the SEC, the Company shall file a copy of all such information and reports with the SEC for public availability within the time periods specified in the SEC&#8217;s rules and regulations (unless the SEC will not accept such a filing) and make such information available to securities analysts and prospective investors upon request. The Company shall at all times comply with TIA &#167; 314(a).</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Notwithstanding the foregoing, the annual reports and information, documents and other reports required by this Section 4.02 may, at the option of the Company, instead be those of any direct or indirect parent entity of the Company for so long as such parent entity fully and unconditionally guarantees the obligations of the Company in respect of the Securities and the Indenture at the time the filing or delivery of the applicable annual reports and information, documents and other reports is required pursuant to this Section 4.02.&#8221;</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">ARTICLE III</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">GUARANTEE</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">SECTION 3.01.&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Guarantees.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(a)&#160;&#160;&#160;&#160;Subject to Section 3.03 hereof, the Guarantor irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, to each Holder of the Affected Notes and the Trustee and their successors and assigns (i) the full and punctual payment when due, whether at maturity, by acceleration or otherwise, of all obligations of the Company under the Indenture (including obligations to the Trustee) and the Affected Notes, whether for payment of principal of, premium, if any, or interest on the Affected Notes and all other monetary obligations of the Company under the Indenture and the Affected Notes and (ii) the full and punctual performance within applicable grace periods of all other obligations of the Company whether for fees, expenses, indemnification or otherwise under the Indenture and the Affected Notes, on the terms set forth in the Indenture (all the foregoing being hereinafter collectively called the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Guaranteed Obligations</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;).  The Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice or further assent </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">-3-</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">from the Guarantor, and the Guarantor shall remain bound under this Article III notwithstanding any extension or renewal of any Guaranteed Obligation. </font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(b)&#160;&#160;&#160;&#160;Subject to Section 3.03 hereof, the Guarantor waives presentation to, demand of payment from and protest to the Company of any of the Guaranteed Obligations and also waives notice of protest for nonpayment.  The Guarantor waives notice of any Default under the Affected Notes or the Guaranteed Obligations.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(c)&#160;&#160;&#160;&#160;Subject to Section 3.03 hereof, the Guarantor further agrees that its Guarantee herein constitutes a guarantee of payment, performance and compliance when due (and not a guarantee of collection) and waives any right to require that any resort be had by any Holder or the Trustee to any security held for payment of the Guaranteed Obligations.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(d)&#160;&#160;&#160;&#160;Except as expressly set forth in Section 3.02 or 3.03 hereof, the obligations of the Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense of setoff, counterclaim, recoupment or termination whatsoever or by reason of the invalidity, illegality or unenforceability of the Guaranteed Obligations or otherwise.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(e)&#160;&#160;&#160;&#160;Subject to Sections 3.02 and 3.03 hereof, the Guarantor agrees that its Guarantee shall remain in full force and effect until payment in full of all the Guaranteed Obligations. Subject to Section 3.03 hereof, the Guarantor further agrees that its Guarantee herein shall continue to be effective or be reinstated, as the case may be, if at any time payment of, or any part thereof, principal of or interest on any Guaranteed Obligation is rescinded or must otherwise be restored by any Holder or the Trustee upon the bankruptcy or reorganization of the Company or any of its Subsidiaries or otherwise.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(f)&#160;&#160;&#160;&#160;In furtherance of the foregoing and not in limitation of any other right which any Holder or the Trustee has at law or in equity against the Guarantor by virtue hereof, but subject to Section 3.03 hereof, upon the failure of the Company to pay the principal of or interest on any Guaranteed Obligation when and as the same shall become due, whether at maturity, by acceleration, by redemption or otherwise, or to perform or comply with any other Guaranteed Obligation, the Guarantor hereby promises to and shall, upon receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in cash, to the Trustee an amount equal to the sum of (i) the unpaid principal amount of such Guaranteed Obligations, (ii) accrued and unpaid interest on such Guaranteed Obligations (but only to the extent not prohibited by applicable law) and (iii) all other monetary obligations of the Company to the Trustee.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(g)&#160;&#160;&#160;&#160;Subject to Section 3.03 hereof, the Guarantor agrees that it shall not be entitled to any right of subrogation in relation to the Trustee in respect of any Guaranteed Obligations guaranteed hereby until payment in full of all Guaranteed Obligations.  The Guarantor further agrees that, as between it, on the one hand, and the Trustee, on the other hand, (i) the maturity of the Guaranteed Obligations guaranteed hereby may be accelerated as provided in Section 6.02 of the Original Indenture for the purposes of any Guarantee herein, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the Guaranteed </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">-4-</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Obligations guaranteed hereby, and (ii) in the event of any declaration of acceleration of such Guaranteed Obligations as provided in Section 6.02 of the Original Indenture, such Guaranteed Obligations (whether or not due and payable) shall forthwith become due and payable by the Guarantor for the purposes of this Section 3.01.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(h)&#160;&#160;&#160;&#160;Subject to Section 3.03 hereof, the Guarantor also agrees to pay any and all fees, costs and expenses (including reasonable and documented attorneys&#8217; fees and expenses) incurred by the Trustee or any Holder in enforcing any rights under this Section 3.01.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">SECTION 3.02.&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Limitation on Liability.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">  The Guarantor, and by its acceptance of the Affected Notes, each Holder, hereby confirms that it is the intention of all such parties that the Guarantee of the Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any Guarantee.  To effectuate the foregoing intention, the Trustee, the Holders and the Guarantor hereby irrevocably agree that, any term or provision of the Indenture to the contrary notwithstanding, the maximum aggregate amount of the Guaranteed Obligations guaranteed hereunder by the Guarantor shall not exceed the maximum amount that can be hereby guaranteed without rendering the Indenture, as it relates to the Guarantor, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors generally.  If the Guarantor makes a payment under its Guarantee, the Guarantor shall be entitled upon payment in full of all Guaranteed Obligations under the Indenture to a contribution from any other obligor on the Indenture and the Affected Notes in an amount equal to such obligor&#8217;s pro rata portion of such payment based on the respective net assets of the Guarantor and all such obligors at the time of such payment determined in accordance with GAAP.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">SECTION 3.03.&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Release of Guarantees&#59; No Successors.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(a)&#160;&#160;&#160;&#160;The Guarantee shall be automatically released and shall terminate upon (i) the merger of the Guarantor with or into the Company or the merger of the Company with or into the Guarantor, (ii) the consolidation of the Guarantor with the Company or (iii) the transfer of all or substantially all of the assets of the Guarantor to the Company or the Company to the Guarantor.  At the request of the Company, the Trustee will execute and deliver documents, instructions or instruments evidencing any such release in form and substance reasonably satisfactory to the Trustee.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(b)&#160;&#160;&#160;&#160;Notwithstanding Section 10.11 of the Original Indenture, this Article III shall be binding only upon Lazard, Inc., and absent an affirmative written assumption of the Guaranteed Obligations pursuant to a supplemental indenture in form and substance satisfactory to the Trustee, shall not be binding upon any of the Guarantor&#8217;s successors or assigns.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">SECTION 3.04.&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">No Waiver</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">.  Neither a failure nor a delay on the part of either the Trustee or the Holders in exercising any right, power or privilege under this Article III shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise of any right, power or privilege.  The rights, remedies and benefits of the Trustee and the Holders herein expressly specified are cumulative and not exclusive of any other rights, </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">-5-</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">remedies or benefits which either may have under this Article III at law, in equity, by statute or otherwise.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">SECTION 3.05.&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Non-Impairment.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">  The failure to endorse a Guarantee on any of the Affected Notes shall not affect or impair the validity thereof.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">SECTION 3.06.&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Benefits Acknowledged.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">  The Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and that the Guarantee and waivers made by the Guarantor pursuant to its Guarantee are knowingly made in contemplation of such benefits.</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">ARTICLE IV</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">MISCELLANEOUS</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">SECTION 4.01.&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Ratification of Original Indenture&#59; Supplemental Indentures Part of</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Original Indenture.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">  Except as expressly amended hereby, the Original Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect.  This Eleventh Supplemental Indenture shall form a part of the Original Indenture for all purposes, and every Holder heretofore or hereafter shall be bound hereby.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">SECTION 4.02.&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Concerning the Trustee.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">  The recitals contained herein shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of the same.  The Trustee makes no representations as to the validity or sufficiency of this Eleventh Supplemental Indenture.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">SECTION 4.03.&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Counterparts.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">  This Eleventh Supplemental Indenture may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument.  The exchange of copies of this Eleventh Supplemental Indenture and of signature pages by electronic (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:120%">i.e</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">., &#8220;pdf&#8221; or &#8220;tif&#8221;) transmission shall constitute effective execution and delivery of this Eleventh Supplemental Indenture as to the parties hereto and may be used in lieu of the original Eleventh Supplemental Indenture for all purposes.  The exchange of copies of this Eleventh Supplemental Indenture and of signature pages that are executed by manual signatures that are scanned, photocopied or by other electronic signing created on an electronic platform (such as DocuSign) or by digital signing (such as Adobe Sign), in each case that is approved by the Trustee, shall constitute effective execution and delivery of this Eleventh Supplemental Indenture for all purposes.  Signatures of the parties hereto that are executed by manual signatures that are scanned, photocopied or by other electronic signing created on an electronic platform (such as DocuSign) or by digital signing (such as Adobe Sign), in each case that is approved by the Trustee, shall be deemed to be their original signatures for all purposes of this Eleventh Supplemental Indenture as to the parties hereto and may be used in lieu of the original.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Anything in the Indenture or this Eleventh Supplemental to the contrary notwithstanding, for the purposes of the transactions contemplated by this Eleventh Supplemental Indenture, any document to be signed in connection with the Eleventh Supplemental Indenture (including, but </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">-6-</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">not limited to, any amendments, supplements, waivers, consents and other modifications, Officers&#8217; Certificates, Company Orders and Opinions of Counsel) or the transactions contemplated hereby may be signed by manual signatures that are scanned, photocopied other electronic signatures created on an electronic platform (such as DocuSign) or by digital signature (such as Adobe Sign), in each case that is approved by the Trustee, and contract formations on electronic platforms approved by the Trustee, and the keeping of records in electronic form, are hereby authorized, and each shall be of the same legal effect, validity or enforceability as a manually executed signature in ink or the use of a paper-based recordkeeping system, as the case may be.  </font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">SECTION 4.04.&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">GOVERNING LAW.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">  THIS ELEVENTH SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.  EACH OF THE COMPANY, THE TRUSTEE AND EACH HOLDER OF A NOTE BY ITS ACCEPTANCE HEREBY (A) IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE AFFECTED NOTES OR THE TRANSACTION CONTEMPLATED HEREBY AND (B) SUBMITS TO THE JURISDICTION OF THE STATE COURTS OF THE STATE OF NEW YORK, COUNTY OF NEW YORK, FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF, OR IN CONNECTION WITH, THIS INDENTURE, THE AFFECTED NOTES OR THE TRANSACTION CONTEMPLATED HEREBY.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">-7-</font></div></div></div><div id="i6af630b162c64d7db212ce1ba7811a41_10"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="margin-bottom:12pt;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">IN WITNESS WHEREOF, the parties have caused this Eleventh Supplemental Indenture to be duly executed by their respective officers thereunto duly authorized as of the date first above written.</font></div><div style="margin-bottom:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:59.476%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.867%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.073%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.184%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">LAZARD GROUP LLC</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">By&#58;</font></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#47;s&#47; Mary Ann Betsch</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Name&#58;</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Mary Ann Betsch</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Title&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Chief Financial Officer</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">THE BANK OF NEW YORK<br>MELLON, as Trustee</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">By&#58;</font></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#47;s&#47; Rhonda J. Brannon </font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Name&#58;</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Rhonda J. Brannon</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Title&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Vice President</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">SOLELY WITH RESPECT TO ARTICLE III&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">LAZARD, INC.</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">By&#58;</font></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#47;s&#47; Mary Ann Betsch</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Name&#58;</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Mary Ann Betsch</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Title&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Chief Financial Officer</font></td></tr></table></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#91;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:120%">Signature Page to Eleventh Supplemental Indenture</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#93;</font></div></div></div><div id="i6af630b162c64d7db212ce1ba7811a41_13"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">NOTATION OF GUARANTEE</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">For value received, Lazard, Inc. (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Guarantor</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;) has unconditionally guaranteed, to the extent set forth in the Indenture (as defined below) and subject to the provisions in the Indenture, dated as of May 10, 2005 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Original Indenture</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;), between Lazard Group LLC (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Company</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;) and The Bank of New York Mellon (formerly known as The Bank of New York), as trustee (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Trustee</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;), as supplemented by the Seventh Supplemental Indenture, dated as of November 4, 2016, the Eighth Supplemental Indenture, dated as of September 19, 2018, the Ninth Supplemental Indenture, dated as of March 11, 2019 and the Tenth Supplemental Indenture, dated as of March 12, 2024, each between the Company and the Trustee, and as further supplemented by the Eleventh Supplemental Indenture, dated as of December 12, 2024 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Eleventh Supplemental</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Indenture</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221; and, together with the Original Indenture, the Seventh Supplemental Indenture, the Eighth Supplemental Indenture, the Ninth Supplemental Indenture and the Tenth Supplemental Indenture, the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Indenture</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;), among the Company, the Guarantor and the Trustee, the full and punctual payment when due, whether at maturity, by acceleration or otherwise, of all obligations of the Company under the Affected Notes (as defined in the Eleventh Supplemental Indenture) and the Indenture (including obligations to the Trustee), whether for payment of principal of, premium, if any, or interest on the Affected Notes and all other monetary obligations of the Company under the Affected Notes and the Indenture and (ii) the full and punctual performance within applicable grace periods of all other obligations of the Company whether for fees, expenses, indemnification or otherwise under the Affected Notes and the Indenture, on the terms set forth in the Indenture.  The obligations of the Guarantor to the holders of Affected Notes and to the Trustee pursuant to the Guarantee and the Indenture are expressly set forth in Article III of the Eleventh Supplemental Indenture and reference is hereby made to the Eleventh Supplemental Indenture for the precise terms of the Guarantee. </font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Capitalized terms used but not defined herein have the meanings given to them in the Indenture. </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>3
<FILENAME>exhibit51-8xk.htm
<DESCRIPTION>EX-5.1
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2024 Workiva -->
<title>Document</title></head><body><div id="i716e944e3a8849369c278bb0fcd9c26f_1"></div><div style="min-height:108pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">EXHIBIT 5.1</font></div></div><div style="margin-bottom:60pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#91;Letterhead of Sullivan &#38; Cromwell LLP&#93;</font></div><div style="margin-bottom:48pt;padding-left:288pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">December 12, 2024</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Lazard, Inc.,</font></div><div style="padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">30 Rockefeller Plaza,</font></div><div style="margin-bottom:12pt;padding-left:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">New York, New York 10112.</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Ladies and Gentlemen&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">In connection with the registration under the Securities Act of 1933 (the &#8220;Act&#8221;) by Lazard Inc., a Delaware corporation (the &#8220;Company&#8221;), of guarantees (the &#8220;Guarantees&#8221;) of those certain series of debt securities of Lazard Group LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (the &#8220;Issuer&#8221;), listed in Annex A hereto, issued pursuant to the Eleventh Supplemental Indenture, dated as of December 12, 2024 (the &#8220;Eleventh Supplemental Indenture&#8221;), among the Issuer, the Company and The Bank of New York Mellon, as trustee (the &#8220;Trustee&#8221;), to the Indenture, dated as of May 10, 2005, between the Issuer and the Trustee, we, as your counsel, have examined such corporate records, certificates and other documents, and such questions of law, as we have considered necessary or appropriate for the purposes of this opinion.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Upon the basis of such examination, it is our opinion that the Guarantees constitute valid and legally binding obligations of the Company, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors&#8217; rights and to general equity principles.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">In rendering the foregoing opinion, we are not passing upon, and assume no responsibility for, any disclosure in any registration statement or any related prospectus or other offering material relating to the offer and sale of the Guarantees.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">The foregoing opinion is limited to the Federal laws of the United States, the laws of the State of New York and the General Corporation Law of the State of Delaware, and we are expressing no opinion as to the effect of the laws of any other jurisdiction.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">We have relied as to certain factual matters on information obtained from public officials, officers of the Company and the Issuer and other sources believed by us to be responsible, and we have assumed that the Eleventh Supplemental Indenture has </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Lazard, Inc. </font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.77pt;padding-right:2.77pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">-2-</font></div></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.77pt;padding-right:2.77pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">been duly authorized, executed and delivered by the Trustee, and that the signatures on all documents examined by us are genuine, assumptions which we have not independently verified. </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">We hereby consent to the filing of this opinion as an exhibit to a Current Report on Form 8-K to be incorporated by reference into the Company&#8217;s Registration Statement on Form S-3 relating to the Guarantees and to the reference to us under the heading &#8220;Validity of the Guarantees&#8221; in the prospectus supplement, dated December 5, 2024, relating to the Guarantees.  In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act.</font></div><div style="margin-bottom:12pt;text-align:right"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:34.201%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Very truly yours,</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#47;s&#47; Sullivan &#38; Cromwell LLP</font></td></tr></table></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><div id="i716e944e3a8849369c278bb0fcd9c26f_4"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Annex A</font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:9pt">Lazard Group LLC&#8217;s 3.625% Senior Notes Due 2027</font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:9pt">Lazard Group LLC&#8217;s 4.500% Senior Notes Due 2028</font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">3.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:9pt">Lazard Group LLC&#8217;s 4.375% Senior Notes Due 2029</font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">4.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:9pt">Lazard Group LLC&#8217;s 6.000% Senior Notes Due 2031</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>exhibit991-8xk.htm
<DESCRIPTION>EX-99.1
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2024 Workiva -->
<title>Document</title></head><body><div id="id9efd61981374be7aeb33e36ceb346bc_1"></div><div style="min-height:72pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Exhibit 99.1</font></div></div><div style="margin-bottom:24pt;text-align:justify"><img alt="lazardlogo.jpg" src="lazardlogo.jpg" style="height:32px;margin-bottom:5pt;vertical-align:text-bottom;width:172px"></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">LAZARD, INC. ANNOUNCES RESULTS OF CONSENT SOLICITATION </font></div><div style="margin-bottom:8pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">AND OFFER TO GUARANTEE LAZARD GROUP LLC SENIOR NOTES</font></div><div style="margin-bottom:8pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">NEW YORK--(BUSINESS WIRE)--December 11, 2024 &#8211; Lazard, Inc. (NYSE&#58; LAZ) (&#8220;Lazard&#8221;) today announced that, in connection with its previously announced consent solicitation and offer to guarantee for Lazard Group LLC (a wholly owned subsidiary of Lazard) (&#8220;Lazard Group&#8221;) senior notes, it has received the required consents from the holders of the outstanding Lazard Group senior notes listed below (collectively, the &#8220;Notes&#8221;) to adopt the proposed amendments to the indenture, dated as of May 10, 2005 (as amended and supplemented from time to time, the &#8220;Indenture&#8221;), between Lazard Group and The Bank of New York Mellon, governing the Notes.</font></div><div style="margin-bottom:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:14.765%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.701%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.919%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.861%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.690%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Issuer</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Debt Security Description</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">CUSIP No.</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Aggregate Principal Amount</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Consent Payment</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Lazard Group LLC</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3.625% Senior Notes Due 2027</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">52107QAH8</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$300,000,000</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$1.50 per $1,000</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Lazard Group LLC</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4.500% Senior Notes Due 2028</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">52107QAJ4</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$500,000,000</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$1.50 per $1,000</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Lazard Group LLC</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4.375% Senior Notes Due 2029</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">52107QAK1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$500,000,000</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$1.50 per $1,000</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Lazard Group LLC</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6.000% Senior Notes Due 2031</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">52107QAL9</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$400,000,000</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$1.50 per $1,000</font></td></tr></table></div><div style="margin-bottom:8pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The adoption of the amendments to the Indenture required consents from the holders of at least a majority in aggregate principal amount outstanding of each series of Notes as of 5&#58;00&#160;p.m., New York City time, on December 4, 2024, excluding Notes owned by Lazard Group or by any person directly or indirectly controlling or controlled by or under direct or indirect common control with Lazard Group. Global Bondholder Services Corporation, the Information Agent and Tabulation Agent for the consent solicitation and offer to guarantee, has advised Lazard that as of 5&#58;00 p.m., New York City time, on December 11, 2024 (the &#8220;Expiration Time&#8221;), Lazard has received the required consents of the holders of the Notes.</font></div><div style="margin-bottom:8pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In accordance with the terms of the consent solicitation and offer to guarantee, Lazard will make a payment to the holders of the Notes in an amount equal to $1.50 for each $1,000 principal amount of Notes for which such holders provided valid and unrevoked consent prior to the Expiration Time.</font></div><div style="margin-bottom:8pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Following receipt of the consents, Lazard Group, as issuer, Lazard and The Bank of New York Mellon, as trustee, will enter into a supplemental indenture to the Indenture to (i) modify the reporting covenant contained in the Indenture to provide that so long as any parent entity of Lazard Group guarantees the securities issued under the Indenture (including the Notes), the reports, information and other documents required to be filed and furnished to holders pursuant to the Indenture may, at the option of Lazard Group, be filed and furnished by and be those of such parent entity rather than Lazard Group and (ii) provide for the guarantees of the Notes by Lazard.</font></div><div style="margin-bottom:8pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The terms and conditions of the consent solicitation and offer to guarantee were set forth in a consent solicitation&#47;prospectus supplement dated December 5, 2024 (the &#8220;Consent Solicitation&#47;Prospectus Supplement&#8221;), which was filed with the Securities and Exchange Commission, and was sent to record holders of the Notes. </font></div><div style="margin-bottom:8pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Citigroup Global Markets Inc. and Lazard Fr&#232;res &#38; Co. LLC acted as the Solicitation Agents for the consent solicitation and offer to guarantee. Questions regarding the terms of the consent </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:8pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">solicitation and offer to guarantee should be directed to (i) Citigroup Global Markets Inc. by calling (800) 558-3745 (toll-free) or (212) 723-6106 (collect) or (ii) Lazard Fr&#232;res &#38; Co. LLC by calling (212) 632-6311 (collect). </font></div><div style="margin-bottom:8pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Global Bondholder Services Corporation acted as the Information Agent and Tabulation Agent for the consent solicitation and offer to guarantee. Questions concerning consent procedures and requests for copies of the Consent Solicitation&#47;Prospectus Supplement should be directed to Global Bondholder Services Corporation by calling at (855) 654-2014 (toll-free) or (212) 430-3774 (banks and brokers).</font></div><div style="margin-bottom:8pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">This press release is for informational purposes only and is not an offer to purchase or sell, a solicitation of an offer to purchase or sell, or a solicitation of consents with respect to any securities. The solicitation and offer to guarantee were made solely pursuant to an effective shelf registration statement and prospectus and the above-described Consent Solicitation&#47;Prospectus Supplement dated December 5, 2024.</font></div><div style="margin-bottom:8pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The solicitation of consents was not made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such solicitation under applicable state or foreign securities or &#8220;blue sky&#8221; laws.</font></div><div style="margin-bottom:8pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:120%">About Lazard</font></div><div style="margin-bottom:8pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Founded in 1848, Lazard is one of the world&#8217;s preeminent financial advisory and asset management firms, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. For more information, please visit www.lazard.com</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">.</font></div><div style="margin-bottom:8pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:120%">Cautionary Note Regarding Forward-Looking Statements</font></div><div style="margin-bottom:8pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">This press release contains &#8220;forward-looking statements&#8221; within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as &#8220;may,&#8221; &#8220;might,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; &#8220;could,&#8221; &#8220;would,&#8221; &#8220;expect,&#8221; &#8220;plan,&#8221; &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221; &#8220;predict,&#8221; &#8220;potential,&#8221; &#8220;target,&#8221; &#8220;goal,&#8221; or &#8220;continue,&#8221; and the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies, business plans and initiatives and anticipated trends in our business. These forward-looking statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements.</font></div><div style="margin-bottom:8pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">These factors include, but are not limited to, those discussed in our Annual Report on Form 10-K under Item 1A &#8220;Risk Factors,&#8221; and also discussed from time to time in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, including the following&#58;</font></div><div style="margin-bottom:2pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%;padding-left:15.2pt">Adverse general economic conditions or adverse conditions in global or regional financial markets&#59;</font></div><div style="margin-bottom:2pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%;padding-left:15.2pt">A decline in our revenues, for example due to a decline in overall mergers and acquisitions (M&#38;A) activity, our share of the M&#38;A market or our assets under management (AUM)&#59;</font></div><div style="margin-bottom:2pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%;padding-left:15.2pt">Losses caused by financial or other problems experienced by third parties&#59;</font></div><div style="margin-bottom:2pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%;padding-left:15.2pt">Losses due to unidentified or unanticipated risks&#59;</font></div><div style="margin-bottom:2pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%;padding-left:15.2pt">A lack of liquidity, i.e., ready access to funds, for use in our businesses&#59;</font></div><div style="margin-bottom:2pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%;padding-left:15.2pt">Competitive pressure on our businesses and on our ability to retain and attract employees at current compensation levels&#59; and</font></div><div style="margin-bottom:8pt;margin-top:1pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%;padding-left:15.2pt">Changes in relevant tax laws, regulations or treaties or an adverse interpretation of those items.</font></div><div style="margin-bottom:8pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">These risks and uncertainties are not exhaustive. Our SEC reports describe additional factors that could adversely affect our business and financial performance. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for our management to predict all risks and uncertainties, nor can </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:8pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">management assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.</font></div><div style="margin-bottom:8pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">As a result, there can be no assurance that the forward-looking statements included in this release will prove to be accurate or correct. Although we believe the statements reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, achievements or events. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this release to conform our prior statements to actual results or revised expectations and we do not intend to do so.</font></div><div style="margin-bottom:24pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">Lazard, Inc. is committed to providing timely and accurate information to the investing public, consistent with our legal and regulatory obligations. To that end, Lazard and its operating companies use their websites, and other social media sites to convey information about their businesses, including the anticipated release of quarterly financial results, quarterly financial, statistical and business-related information, and the posting of updates of assets under management in various mutual funds, hedge funds and other investment products managed by Lazard Asset Management LLC and Lazard Fr&#232;res Gestion SAS. Investors can link to Lazard and its operating company websites through www.lazard.com. </font></div><div style="margin-bottom:12pt;padding-left:2.77pt;padding-right:2.77pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%">###</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.77pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">LAZ-CPE</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:9pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Media Relations</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Shannon Houston</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">+1 212-632-6880</font></div><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">shannon.houston&#64;lazard.com</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Investor Relations</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Alexandra Deignan</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">+1 212-632-6886</font></div><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">alexandra.deignan&#64;lazard.com</font></div></td></tr></table></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>5
<FILENAME>laz-20241211.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2024 Workiva-->
<!--r:2ffe6ba2-31fd-4cf3-a44e-d44a2705152e,g:b223c8ee-6208-4d03-9c7e-b325ed13fc0e-->
<xs:schema xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:laz="http://www.lazard.com/20241211" attributeFormDefault="unqualified" elementFormDefault="qualified" targetNamespace="http://www.lazard.com/20241211">
  <xs:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/dei/2023" schemaLocation="https://xbrl.sec.gov/dei/2023/dei-2023.xsd"/>
  <xs:annotation>
    <xs:appinfo>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="laz-20241211_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="laz-20241211_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:type="simple"/>
      <link:roleType id="Cover" roleURI="http://www.lazard.com/role/Cover">
        <link:definition>0000001 - Document - Cover</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xs:appinfo>
  </xs:annotation>
</xs:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>6
<FILENAME>laz-20241211_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2024 Workiva-->
<!--r:2ffe6ba2-31fd-4cf3-a44e-d44a2705152e,g:b223c8ee-6208-4d03-9c7e-b325ed13fc0e-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel"/>
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="lab_dei_SecurityExchangeName_624bbb15-1d9a-471b-b12f-88fe139c8b4f_terseLabel_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
    <link:label id="lab_dei_SecurityExchangeName_label_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityExchangeName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SecurityExchangeName" xlink:to="lab_dei_SecurityExchangeName" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_Security12bTitle_8bac5826-d259-4902-aced-db5eabd0900a_terseLabel_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:label id="lab_dei_Security12bTitle_label_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_Security12bTitle" xlink:to="lab_dei_Security12bTitle" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_WrittenCommunications_2a937af4-04f4-48ae-884f-39046cb7970d_terseLabel_en-US" xlink:label="lab_dei_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Written Communications</link:label>
    <link:label id="lab_dei_WrittenCommunications_label_en-US" xlink:label="lab_dei_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Written Communications</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_WrittenCommunications"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_WrittenCommunications" xlink:to="lab_dei_WrittenCommunications" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_LocalPhoneNumber_d1bf1e6d-eab9-45be-86b2-37156b3c65ee_terseLabel_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
    <link:label id="lab_dei_LocalPhoneNumber_label_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LocalPhoneNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LocalPhoneNumber" xlink:to="lab_dei_LocalPhoneNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_TradingSymbol_eb679b4c-2e88-4349-abb8-40ace486721f_terseLabel_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
    <link:label id="lab_dei_TradingSymbol_label_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_TradingSymbol"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_TradingSymbol" xlink:to="lab_dei_TradingSymbol" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_9e014139-0105-44a4-acda-18681d7ee128_terseLabel_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_label_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityIncorporationStateCountryCode" xlink:to="lab_dei_EntityIncorporationStateCountryCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressStateOrProvince_6f4f7f7b-ae6f-417d-b5ee-0682e7f3c7d4_terseLabel_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:label id="lab_dei_EntityAddressStateOrProvince_label_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressStateOrProvince"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressStateOrProvince" xlink:to="lab_dei_EntityAddressStateOrProvince" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_PreCommencementIssuerTenderOffer_3398a611-5da3-4b63-b170-138de8b10b36_terseLabel_en-US" xlink:label="lab_dei_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
    <link:label id="lab_dei_PreCommencementIssuerTenderOffer_label_en-US" xlink:label="lab_dei_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementIssuerTenderOffer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_PreCommencementIssuerTenderOffer" xlink:to="lab_dei_PreCommencementIssuerTenderOffer" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentPeriodEndDate_126c2b83-6619-47eb-90fb-c2ad823fefe3_terseLabel_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:label id="lab_dei_DocumentPeriodEndDate_label_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate" xlink:to="lab_dei_DocumentPeriodEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CoverAbstract_33ad6e1e-0edc-4bdb-b00c-8016756eace2_terseLabel_en-US" xlink:label="lab_dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cover [Abstract]</link:label>
    <link:label id="lab_dei_CoverAbstract_label_en-US" xlink:label="lab_dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cover [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CoverAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CoverAbstract" xlink:to="lab_dei_CoverAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_b71d7b60-95d2-46cb-896b-03cf8faf163c_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_label_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityEmergingGrowthCompany" xlink:to="lab_dei_EntityEmergingGrowthCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_PreCommencementTenderOffer_a28e8249-9cd5-400a-bf0c-0281a3bc0b4a_terseLabel_en-US" xlink:label="lab_dei_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
    <link:label id="lab_dei_PreCommencementTenderOffer_label_en-US" xlink:label="lab_dei_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementTenderOffer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_PreCommencementTenderOffer" xlink:to="lab_dei_PreCommencementTenderOffer" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_SolicitingMaterial_a494045a-ce5a-4e80-8d4b-d88cbec5ee71_terseLabel_en-US" xlink:label="lab_dei_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Soliciting Material</link:label>
    <link:label id="lab_dei_SolicitingMaterial_label_en-US" xlink:label="lab_dei_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Soliciting Material</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SolicitingMaterial"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SolicitingMaterial" xlink:to="lab_dei_SolicitingMaterial" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CityAreaCode_dcc64b17-4077-450b-a45c-5459e621b7ed_terseLabel_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
    <link:label id="lab_dei_CityAreaCode_label_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CityAreaCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CityAreaCode" xlink:to="lab_dei_CityAreaCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressPostalZipCode_30c448a1-e766-45bb-b4e4-0901c8f5277e_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:label id="lab_dei_EntityAddressPostalZipCode_label_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressPostalZipCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressPostalZipCode" xlink:to="lab_dei_EntityAddressPostalZipCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentType_7cf3b11f-c13b-4c4d-9d7c-1f423b34339a_terseLabel_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:label id="lab_dei_DocumentType_label_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentType"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType" xlink:to="lab_dei_DocumentType" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AmendmentFlag_6dc82c97-3fa4-411d-9754-5acb40122d4d_terseLabel_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:label id="lab_dei_AmendmentFlag_label_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag" xlink:to="lab_dei_AmendmentFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCentralIndexKey_213adb1e-d4d5-4139-92eb-bca413c24805_terseLabel_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:label id="lab_dei_EntityCentralIndexKey_label_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCentralIndexKey"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey" xlink:to="lab_dei_EntityCentralIndexKey" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityFileNumber_dae15f88-3b22-4da0-9c5d-32177977d776_terseLabel_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity File Number</link:label>
    <link:label id="lab_dei_EntityFileNumber_label_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity File Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFileNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFileNumber" xlink:to="lab_dei_EntityFileNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressCityOrTown_4320ad62-1c0e-47b6-b31d-605337280e32_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:label id="lab_dei_EntityAddressCityOrTown_label_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCityOrTown"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCityOrTown" xlink:to="lab_dei_EntityAddressCityOrTown" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityTaxIdentificationNumber_36f4c5f0-1298-4785-bf29-b2b404bdbc0f_terseLabel_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Tax Identification Number</link:label>
    <link:label id="lab_dei_EntityTaxIdentificationNumber_label_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Tax Identification Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityTaxIdentificationNumber" xlink:to="lab_dei_EntityTaxIdentificationNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressAddressLine1_0726ccf5-d881-491c-9266-18d23dbfd0b3_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address Address Line One</link:label>
    <link:label id="lab_dei_EntityAddressAddressLine1_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine1" xlink:to="lab_dei_EntityAddressAddressLine1" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityRegistrantName_510a03c4-e369-4787-bb76-87c7b948f8f2_terseLabel_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:label id="lab_dei_EntityRegistrantName_label_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName" xlink:to="lab_dei_EntityRegistrantName" xlink:type="arc" order="1"/>
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>7
<FILENAME>laz-20241211_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2024 Workiva-->
<!--r:2ffe6ba2-31fd-4cf3-a44e-d44a2705152e,g:b223c8ee-6208-4d03-9c7e-b325ed13fc0e-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.lazard.com/role/Cover" xlink:type="simple" xlink:href="laz-20241211.xsd#Cover"/>
  <link:presentationLink xlink:role="http://www.lazard.com/role/Cover" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CoverAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_53e897a6-3dab-4fe4-be09-af1188386602" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentType"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_DocumentType_53e897a6-3dab-4fe4-be09-af1188386602" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_7707b0ae-3b77-4a43-922b-2c8d0453d3d8" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodEndDate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_DocumentPeriodEndDate_7707b0ae-3b77-4a43-922b-2c8d0453d3d8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_56de12bb-2650-4c8b-bad9-6d68b553dbed" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_EntityRegistrantName_56de12bb-2650-4c8b-bad9-6d68b553dbed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_890979db-b9ab-46af-8537-97dc745eeae3" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_EntityIncorporationStateCountryCode_890979db-b9ab-46af-8537-97dc745eeae3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_1dff0e69-ec16-4a4c-ac0b-3ee0282b76a5" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFileNumber"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_EntityFileNumber_1dff0e69-ec16-4a4c-ac0b-3ee0282b76a5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_ba883471-0484-43e4-8d35-57c80a7facb9" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_EntityTaxIdentificationNumber_ba883471-0484-43e4-8d35-57c80a7facb9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_e0551d2a-ad3d-4e9f-bc8f-e612b04208cd" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine1"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_EntityAddressAddressLine1_e0551d2a-ad3d-4e9f-bc8f-e612b04208cd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_30a80f6b-6a2d-4975-ba61-cff66993b98a" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCityOrTown"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_EntityAddressCityOrTown_30a80f6b-6a2d-4975-ba61-cff66993b98a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_c727fc8f-ae61-4504-8fbb-8d6eb64b9689" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressStateOrProvince"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_EntityAddressStateOrProvince_c727fc8f-ae61-4504-8fbb-8d6eb64b9689" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_484ddfd6-0f3a-4988-8dcc-33880300dfba" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressPostalZipCode"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_EntityAddressPostalZipCode_484ddfd6-0f3a-4988-8dcc-33880300dfba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_71348364-b6be-4a51-b1b5-d52a922cbaf0" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CityAreaCode"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_CityAreaCode_71348364-b6be-4a51-b1b5-d52a922cbaf0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_c21d3d3f-75a6-4000-a8d1-f7085653d7bf" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LocalPhoneNumber"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_LocalPhoneNumber_c21d3d3f-75a6-4000-a8d1-f7085653d7bf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications_824b05dd-d2d4-4760-a364-b35768f1901a" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_WrittenCommunications"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_WrittenCommunications_824b05dd-d2d4-4760-a364-b35768f1901a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial_d3e92b38-3e9e-417e-8f7a-a380cfe9e532" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SolicitingMaterial"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_SolicitingMaterial_d3e92b38-3e9e-417e-8f7a-a380cfe9e532" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer_e4d5ca99-a589-455b-bb3f-3455547fd1d6" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementTenderOffer"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_PreCommencementTenderOffer_e4d5ca99-a589-455b-bb3f-3455547fd1d6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer_3648e69e-d456-44ad-b186-50839630f961" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementIssuerTenderOffer"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_PreCommencementIssuerTenderOffer_3648e69e-d456-44ad-b186-50839630f961" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle_de809d80-7ddb-41b5-869e-4e01ed01ae7b" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_Security12bTitle_de809d80-7ddb-41b5-869e-4e01ed01ae7b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol_7bd3f878-c773-4a85-b4f7-33b1cbcce3d6" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_TradingSymbol"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_TradingSymbol_7bd3f878-c773-4a85-b4f7-33b1cbcce3d6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName_6b71deb8-4e70-40c7-83f5-560330f60d52" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityExchangeName"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_SecurityExchangeName_6b71deb8-4e70-40c7-83f5-560330f60d52" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_ad4fface-103b-4b44-a6dc-80dd54110a08" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_EntityEmergingGrowthCompany_ad4fface-103b-4b44-a6dc-80dd54110a08" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_be40334d-c2c0-4e5a-9e18-fc89865fb587" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCentralIndexKey"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_EntityCentralIndexKey_be40334d-c2c0-4e5a-9e18-fc89865fb587" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_a8fcea90-9f59-4b00-9f52-34637157b86f" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentFlag"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_20d7e40c-184d-4f7f-b434-2938a48921d2" xlink:to="loc_dei_AmendmentFlag_a8fcea90-9f59-4b00-9f52-34637157b86f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>lazardlogo.jpg
<TEXT>
begin 644 lazardlogo.jpg
M_]C_X  02D9)1@ ! 0( EP <  #_X1 H17AI9@  24DJ  @    ' !(! P !
M     0   !H!!0 !    8@   !L!!0 !    :@   "@! P !     P   #$!
M @ -    <@   #(! @ 4    @    &F'!  !    E    *8    U.P  9
M #H+  !D    1TE-4" R+C$P+C(T   R,#(T.C$R.C$Q(#$R.C R.C$S  $
M : #  $    !          @   $$  $      0   0$$  $    P     @$#
M  ,    , 0   P$#  $    &    !@$#  $    &    %0$#  $    #
M 0($  $    2 0   @($  $    -#P        @ "  ( /_8_^  $$I&248
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MT.0P/((/<5X;IVAZ9\1/B([Z=I=K9^&=*;#FW@2,739XR54$AL=#T4=BU>Z
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MGCZ$]J\[^ NL7$^G:IH\IW0VSI/"222N_(9>N ,J" !U+'O7L->(?#&&YO\
MQGXLDTW5!;1F<L'CB259%,CXQGC'T]:I?"Q=3I_C?_R( _Z_(_Y-5WX/2M)\
M-=/4@8CDF48]/,8_UKF/C;XHTR;18M"M;J*>\^TAYD0Y\H*",-Z')Z=:Q?AO
M\4],\,Z$FBZK:7"I'(S1W$.'!#$D[EX(P?3.<]L<U9\H=3WRBO/?^%T^#O\
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MEOX"LM/-["EW:R21R12.%;+2,RD GD$,.?4$=J](H>C!;'C7PR\477AS6)O
M?B#Y)(I2EFP&0K$DE">X.0RGW/J,>RUP'Q+^'B>,+);VR(35[9"L>3A9EZ[#
MZ'K@^_/MG^#_ (FQP10Z)XQ672]5A3:)[I"B3*. Q)Z,<')/!QP><4VKZH#T
M^O'?C]_R"]$_Z[2_^@K7J]OJFGW=LUS;7UM- J[VDCE5E5<9R2#P,5Y%\9)+
MCQ'#HT6AVEQJ4"B29I[2%Y4YP!\R@J>A[]O<4H;@]CV=?NCZ4M9UOK%O*D>Z
M"]A+8R);210OU.W ^N<5AM\1-&F#C2(=1UETD,3?8+-W4,".-Y 3OG.<8_"E
M89K>*==A\->&K[5I64>1&?+# D-(>$&!ZL17%_!;PTVC^%7U68RK/JI5_+<8
M"QIN"$=^=Q;/<%?J9XO"NL^-=4MM5\8QI::?;G?;:)&^\%O[TK="?;T...0?
M0U544*H"J!@ #  I[*PC_]D _^$,=6AT=' Z+R]N<RYA9&]B92YC;VTO>&%P
M+S$N,"\ /#]X<&%C:V5T(&)E9VEN/2+ON[\B(&ED/2)7-4TP37!#96AI2'IR
M95-Z3E1C>FMC.60B/SX@/'@Z>&UP;65T82!X;6QN<SIX/2)A9&]B93IN<SIM
M971A+R(@>#IX;7!T:STB6$U0($-O<F4@-"XT+C M17AI=C(B/B \<F1F.E)$
M1B!X;6QN<SIR9&8](FAT=' Z+R]W=W<N=S,N;W)G+S$Y.3DO,#(O,C(M<F1F
M+7-Y;G1A>"UN<R,B/B \<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB(B!X
M;6QN<SIX;7!-33TB:'1T<#HO+VYS+F%D;V)E+F-O;2]X87 O,2XP+VUM+R(@
M>&UL;G,Z<W1%=G0](FAT=' Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"]S5'EP
M92]297-O=7)C945V96YT(R(@>&UL;G,Z9&,](FAT=' Z+R]P=7)L+F]R9R]D
M8R]E;&5M96YT<R\Q+C$O(B!X;6QN<SI'24U0/2)H='1P.B\O=W=W+F=I;7 N
M;W)G+WAM<"\B('AM;&YS.GAM<#TB:'1T<#HO+VYS+F%D;V)E+F-O;2]X87 O
M,2XP+R(@>&UP34TZ1&]C=6UE;G1)1#TB9VEM<#ID;V-I9#IG:6UP.C<Y8S$X
M-C-A+3<S9C8M-&4W-BTY.6-D+68R-CDR8C4Q9&8P9"(@>&UP34TZ26YS=&%N
M8V5)1#TB>&UP+FEI9#IB,V0W8C!E-RTR.65A+30W,6(M.34X-2TX,V%F,#DS
M8S@P,V4B('AM<$U-.D]R:6=I;F%L1&]C=6UE;G1)1#TB>&UP+F1I9#IE9#,R
M930Y,RTX9&8U+30V,S0M.#@V8RUE86(Y,S,Y.#(S83DB(&1C.D9O<FUA=#TB
M:6UA9V4O:G!E9R(@1TE-4#I!4$D](C(N,"(@1TE-4#I0;&%T9F]R;3TB5VEN
M9&]W<R(@1TE-4#I4:6UE4W1A;7 ](C$W,S,Y-#,W-C4Y.3 X-38B($=)35 Z
M5F5R<VEO;CTB,BXQ,"XR-"(@>&UP.D-R96%T;W)4;V]L/2)'24U0(#(N,3 B
M/B \>&UP34TZ2&ES=&]R>3X@/')D9CI397$^(#QR9&8Z;&D@<W1%=G0Z86-T
M:6]N/2)S879E9"(@<W1%=G0Z8VAA;F=E9#TB+R(@<W1%=G0Z:6YS=&%N8V5)
M1#TB>&UP+FEI9#HT9#1A-3$U82TP,#DQ+30Y83(M.6,Y82TW8F-C.6%B,#)B
M-F0B('-T179T.G-O9G1W87)E06=E;G0](D=I;7 @,BXQ," H5VEN9&]W<RDB
M('-T179T.G=H96X](C(P,C0M,3(M,3%4,3(Z,#(Z-#4B+SX@/"]R9&8Z4V5Q
M/B \+WAM<$U-.DAI<W1O<GD^(#PO<F1F.D1E<V-R:7!T:6]N/B \+W)D9CI2
M1$8^(#PO>#IX;7!M971A/B @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(#P_>'!A
M8VME="!E;F0](G<B/S[_X@*P24-#7U!23T9)3$4  0$   *@;&-M<P0P  !M
M;G1R4D="(%A96B 'Z  ,  L $P ! #AA8W-P35-&5
M                ]M8  0    #3+6QC;7,
M                                      UD97-C   !(    $!C<')T
M   !8    #9W='!T   !F    !1C:&%D   !K    "QR6%E:   !V    !1B
M6%E:   ![    !1G6%E:   "     !1R5%)#   "%    "!G5%)#   "%
M "!B5%)#   "%    "!C:')M   "-    "1D;6YD   "6    "1D;61D   "
M?    "1M;'5C          $    ,96Y54P   "0    < $< 20!- %  ( !B
M '4 :0!L '0 +0!I &X ( !S %( 1P!";6QU8P         !    #&5N55,
M   :    ' !0 '4 8@!L &D 8P @ $0 ;P!M &$ :0!N  !865H@
M]M8  0    #3+7-F,S(       $,0@  !=[___,E   'DP  _9#___NA___]
MH@   ]P  ,!N6%E:(        &^@   X]0   Y!865H@        ))\   ^$
M  "VQ%A96B        !BEP  MX<  !C9<&%R80       P    )F9@  \J<
M  U9   3T   "EMC:')M       #     */7  !4?   3,T  )F:   F9P
M#UQM;'5C          $    ,96Y54P    @    < $< 20!- %!M;'5C
M      $    ,96Y54P    @    < ', 4@!' $+_VP!#  $! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0'_VP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P@ 1" !) 8$# 1$
M A$! Q$!_\0 &P !  ,! 0$!              @)"@<%! ;_Q  : 0$  @,!
M                 P0"!08!_]H # ,!  (0 Q    &S.U'GHWE73KSUSM<6
M0                      &1+IJ.NWF;P   %9>PAL9H2^WYZ *;MI7\3)U
M"/WV\??A]\XI+C=UJ;( K9OPV34)@!%&S'5AL8;&:$L7[.'4(\K--?,!\+R#
MER.#ER.2=?/X??/R^2R>A+U"/(#(ETU'7;S-X   #-+OZ=FFOFLFH3 " -V*
M?U*4"D7;5I>5I)_4I0(V3X9VM[5U.\Y<]OST 9$NFHZ[>9O?"\S@;ZK891EM
M!U\P'!IL*8=K!H7TEH1LGPH"W56^+3V975I!D2Z:CKMYF\   (HV8^7R>4][
M2#4%SUP  "%-N.LO80Z"M): %2VR@]KQ\7JUS6S@#(ETU'7;S-X0.N11$M87
M6:FP!Q27&E/;5]"^DM 11LQT5[BOJ"YZX,B734==O,W@  !2+MJUUFIL9Z-Y
M5N$U=B4-?, #E\F.;+?5-,^@N?ML/0/$]\I[VD%N^LGS%=!3U.\[= &1+IJ.
MNWF;PJPV,$H:^<KJT@'%)<:4]M7T+Z2T ,EG2T=:?-7AD2Z:CKMYF\  !XGO
MF<#?5+&:$T0[48O]TMH ?"\S2[^I<_JK$R:L@ KFO0Q1LX2&@SIMVM?0QH[4
MNZT@&.KJ*&A?26N>9^<4FQNLU-@ <4EQI3VU?0OI+0 RW]#2NZU-F:U23'5U
M%#8KR]\  "MF_#UV+*9-63X7F2#IJ6K?G+O[;#T"CC;UOM\7=:FR !0AN:M]
M^FM"MF_#7G>BT9:*V!D2Z:CKMYF]^7R\S+[^GHET=OM<60'%)<:4]M7T+Z2T
M ,OO0T]07/7!BGZS7[6.3V  \3WS\OEYT/#+/1NZNA?26@**]Q6[7#E;3K9Q
M ZY%3!M:^H+GKGW/1R&7'KT67(9<:L=C#=9J; \3WS(_TU'5QS=WH>&0R)=-
M1UV\S>$7K&% >ZJZ=>?N?J,?1Q27&E/;5]"^DM 5?;"'V_%DU":&UJ/+AT5.
MY[4S]YAS @==BO\ -+:C9/A3WM(-)NAM@1>L89L]]4U!<]<]OQDZZ2E;MK)^
MO19#\OEY^7R\M.UTU-VU@F15DL,HR@4!;JJ+XM-9YY)YE(Z.EKZYB][?GHKF
MO0UE["*^+36>UQ95S7H:OMC#?YI;7(I,8AVL.HQ^V34)AE]Z&G"FW& !VN'+
M0OI+67WH:8U!<]<FM4D$*;<>7WH:?:X<M"^DM9?>AI@ 76:FQQ27&K[8P]KA
MRUV\S> ST;NK5]L8;K-38A3;CA3;C[7#EKMYF\!2GMJ]*>VKZ%]':%H.OF&7
MWH:>H+GK@ __Q  G$  " @$$ @(#  ,!       &!P0%"  #$#<"(!<8 18P
M%"<X4/_:  @! 0 !!0)F DN8,QF"SIL@=!H(]_Z"U[&_B_&Y( +6ML8=O7>C
M5R&- 8]^:<B]5QSE#:0_VK*C4DSR@A1P7(!MGI-Z SKVB5P>AION"ICUN432
MM[&-NY'[\<@;V0 3X!.4(812.9/XD>4=EDK77XT,9#N<SM?VK*C4@[R8J?"%
MEG7;-B+&@J:P^5KV-_%C[4UHR,8##=(03T6"M\*@PYR:;$>7X(!6^ &,\MPR
M\P0 M*<C3156V,.WKO1:]C:DQH\V/D"J/T&]Q9,)E\(<M*-'EK;$SL;ACJT9
M9-40T1^@#-0,Z.SQGA:]C?P=9EX!*[2X/'\4BG[_ 'UFV?=Y,_XW%<<UU(-"
M;T=5AYFK0RN&/.S#,4S#:L17T6O8W&2==#FJ3#WT977.)G8W+C7D=B!B!,)@
MJR.%KV-_!_SYIZT(T:/"CY3C'G4GZ>.OD$$]3 PH@6BKM@O?K('*"N%:+FRL
M8=178\QI!PQ+NICW]*L"F8IF;Z+7L;C*,G\]L>3 !YKD'Y977.)G8WHV*#]8
M9'"U[&][*QAU%<OBDPW3_P"=V-IR%YHQQS%,PW:XJ]),F/"CN=GV+2*DJKHZ
MU&?3)HR\!T 6!L<K05^=V-IIR[&T-D:8;IHM^1'=M=@KJ3-^[,<Z<[4$*=%;
M]<UCOT977.)G8WID#)CRV_\ 79.\"-M'H"OWR?,-T>!$&,> PK]28T>;'(J>
MX61V.7]<547.3#:_R]W&53QY?AZG<G\MK(?C)\/W2$$Q@,-H>.^5KV-JZI:H
MBJBX8)D8Q%Z<5S#%>65USB9V-Z"%;\FO#WLK&'45PC;2+\4TR_\ ;.0?.6(;
MYQK7%$R\[$>X>K:^.*)*JZ0RB:-&CPH_%\3^%21Z/B?P# S%"AF3K'BRKH=O
M775?:KLX$B&.6#/"U[&X;2VALL57!Q<)P[I;JJ(JKAE=<XF=C<Y%MJN'J+'%
M7S FBTS&Z*"0SH4RU\]B/]LUSK[9KG7VS7.CQZE3;V/Q^:(0HCIV XP,XT60
MY4,#EST%<0K)>G%BO"H/88@=0S0IAA0J5D]J9D(+D I (9^V:YU]LUSJVRX%
M-F.ABPJ9;2MBX4H)&2S9JKZ/C99#GQKSEG3UT0OQX=$,4U765=;PSLICAPH(
MVT>@*ZZRKK>'P\$?'/XZI=UZJMT=8X(6<.UH"GBM,<"+P&SV,;TTN01O58"\
MRQ>##86TL,?(8Q8\9$]Q^JU[&R)Z<XQVZ<XR)Z<TM>QLB>G/7#W66?8VEKV-
MSEGV-K#W61/<>EKV-SF%P ?\KXF=<\8[=Q^G_\0 /1$  0$#!@P%!  %!0
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M593%F\8!+*58JUBI*D>!!@Z=6OW%;RJGR'F!(((,$7!%B".(VP6)Z9,C=Y3
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MU/KJ=W AE NX'$>+C2#VE  N &964Y6!4C4,""..AVHTS5J(D,067-E$E5+
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MQB.,8\+[%")LJ;95@+(Q3+RAZK2C#5N++!'B+ 0AK8TA\Y9C/!6'&.!B482
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M2O:5_P#LVKQ=?.MC]"USWZ?^(/[6N_A__\0 (Q !  $%  (!!0$
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M\P ?A7$ (    $@   < !3@ (?( 5 +D!    $    "  *T ! < !( $ (
M #^X  %P ?!@ ("D )  4!   #E6@ ?X !]5@!!  !( #@(   '#J #\  ,
MD (#H )      =A  (#_ ($$ 'K 0&8 2 "(PZ2,V &2*R2;$ %OBX#R#,>(
M   "    0   00 0 "  "0   __$ "81 0$!  (" 00" P$!      $1(3%!
M %$@$&%Q\#"A@9'Q4-'_V@ ( 0,! 3\05-T174%C"/  C)F(R JL 95X NKX
M4Z"ZVV\T.7/P>=_]#];Z?Q.2KBLIM,1-;J@RQ\$ &@$?8E'=X]_%"DP4K0[
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M:41$04"*%\[MGUHA!6U*IQ-X5=]_J-C T.(6JA.1V),!H)%)"E8H?A&"%17
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M_$ B]SB]7_%]4*##Y&=B/@>@8$(4-=49W2K4_K=>.']U[KD;$=\V[A)^W&
MCNSZM;<]&@P7V'EJ?O\ M3DM(F;(%]&2Y%]/ITKU_/<%3W:EK8,3$/"\_D,W
M">A)/US9M^TVC_%/[4JVSP,U<5)?\7'P^ =[9O\ ?VH!?E?<U-;_ +@9JXJ2
M_P"+CX=JO=SQMG_Q[@:#;HO<0NFA.S>V4"U2RG1IXXYT+X2FZS@A+!*J7JO^
M\D[TY=VWE7Y=XEX+Y!X/$W+@V.&S(BKHQ_OU/(RV#;;;!M"#!@A;!!I!M__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>10
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45502586266016">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>Dec. 11, 2024</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Dec. 11,  2024<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">Lazard, Inc.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-32492<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">98-0437848<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address Address Line One</a></td>
<td class="text">30 Rockefeller Plaza<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">New York<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">NY<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">10112<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">212<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">632-6000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common Stock, par value $0.01 per share<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">LAZ<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001311370<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>11
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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MGO]"9B(NH-XVC4RXDJ]/6,MF#CS_A.3<D%>>%H+\&)U%E.306[OB!J-F]0K
M<,M^-CSQU3?;9'/=6'LM @_C+QA(;?<,M^;W\2*W;_&*JZ4XN#EK$7I\F6%[
M'K:WVS_*Y6\S899^B'X#!;?R[I%SU9C7%L&V6F.UR3/<HW=H$Y@'!DSV'J;
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M> \^>Q\ETWLJ.?]74_P$4$L#!!0    ( .^!C%F7BKL<P    !,"   +
M7W)E;',O+G)E;'.=DKENPS ,0'_%T)XP!] AB#-E\18$^0%6H@_8$@6*19V_
MK]JE<9 +&7D]/!+<'FE [3BDMHNI&/T04FE:U;@!2+8ECVG.D4*NU"P>-8?2
M0$3;8T.P6BP^0"X99K>]9!:G<Z17B%S7G:4]VR]/06^ KSI,<4)I2$LS#O#-
MTG\R]_,,-47E2B.56QIXT^7^=N!)T:$B6!::1<G3HAVE?QW']I#3Z:]C(K1Z
M6^CY<6A4"H[<8R6,<6*T_C6"R0_L?@!02P,$%     @ [X&,6:K$(A8S 0
M(@(   \   !X;"]W;W)K8F]O:RYX;6R-4=%NPC ,_)4J'[ 6M"$-45Y VY"F
M#8V)]]"ZU"*)*\>%C:^?VZH:TE[VE-S9NMQ=%A?BTX'HE'QY%V)N:I%FGJ:Q
MJ,';>$<-!)U4Q-Z*0CZFL6&P9:P!Q+MTFF6SU%L,9KD8M;:<W@(2* 0I*-D1
M>X1+_)UW,#ECQ ,ZE._<]'<')O$8T.,5RMQD)HDU75Z(\4I!K-L53,[E9C(,
M]L""Q1]ZUYG\M(?8,V(/'U:-Y&:6J6"%'*7?Z/6M>CR#+@^H%7I")\!K*_#,
MU#88CIV,IDAO8O0]C.=0XIS_4R-5%1:PIJ+U$&3HD<%U!D.LL8DF"=9#;E9T
M!N[RZ .;<L@F:NJF*9ZC#GA3#O9&3R54&*!\4YFHO/93;#GICEYG>O\P>=0>
M6N=6RKV'5[+E&''\GN4/4$L#!!0    ( .^!C%DD'INBK0   /@!   :
M>&PO7W)E;',O=V]R:V)O;VLN>&UL+G)E;'.UD3T.@S ,A:\2Y0 U4*E#!4Q=
M6"LN$ 7S(Q(2Q:X*MR^% 9 Z=&&RGBU_[\E.GV@4=VZ@MO,D1FL&RF3+[.\
MI%NTBB[.XS!/:A>LXEF&!KS2O6H0DBBZ0=@S9)[NF:*<//Y#='7=:7PX_;(X
M\ \PO%WHJ45D*4H5&N1,PFBV-L%2XLM,EJ*H,AF**I9P6B#BR2!M:59]L$].
MM.=Y%S?W1:[-XPFNWPQP>'3^ 5!+ P04    " #O@8Q999!YDAD!  #/ P
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M<' N>&UL4$L! A0#%     @ [X&,6?X"\/+N    *P(  !$
M ( !KP   &1O8U!R;W!S+V-O<F4N>&UL4$L! A0#%     @ [X&,69E<G",0
M!@  G"<  !,              ( !S $  'AL+W1H96UE+W1H96UE,2YX;6Q0
M2P$"% ,4    " #O@8Q9TQ&^13L$  !P$   &               @($-"
M>&PO=V]R:W-H965T<R]S:&5E=#$N>&UL4$L! A0#%     @ [X&,69^@&_"Q
M @  X@P   T              ( !?@P  'AL+W-T>6QE<RYX;6Q02P$"% ,4
M    " #O@8Q9EXJ[',     3 @  "P              @ %:#P  7W)E;',O
M+G)E;'-02P$"% ,4    " #O@8Q9JL0B%C,!   B @  #P
M@ %#$   >&PO=V]R:V)O;VLN>&UL4$L! A0#%     @ [X&,620>FZ*M
M^ $  !H              ( !HQ$  'AL+U]R96QS+W=O<FMB;V]K+GAM;"YR
M96QS4$L! A0#%     @ [X&,6660>9(9 0  SP,  !,              ( !
MB!(  %M#;VYT96YT7U1Y<&5S72YX;6Q02P4&      D "0 ^ @  TA,

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>13
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>15
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.24.3</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>1</ContextCount>
  <ElementCount>22</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>0</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>0</UnitCount>
  <MyReports>
    <Report instance="laz-20241211.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>0000001 - Document - Cover</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.lazard.com/role/Cover</Role>
      <ShortName>Cover</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="8-K" isOnlyDei="true" original="laz-20241211.htm">laz-20241211.htm</File>
    <File>laz-20241211.xsd</File>
    <File>laz-20241211_lab.xml</File>
    <File>laz-20241211_pre.xml</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy items="22">http://xbrl.sec.gov/dei/2023</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>17
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "version": "2.2",
 "instance": {
  "laz-20241211.htm": {
   "nsprefix": "laz",
   "nsuri": "http://www.lazard.com/20241211",
   "dts": {
    "inline": {
     "local": [
      "laz-20241211.htm"
     ]
    },
    "schema": {
     "local": [
      "laz-20241211.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
      "https://www.xbrl.org/dtr/type/2022-03-31/types.xsd",
      "https://xbrl.sec.gov/dei/2023/dei-2023.xsd"
     ]
    },
    "labelLink": {
     "local": [
      "laz-20241211_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "laz-20241211_pre.xml"
     ]
    }
   },
   "keyStandard": 22,
   "keyCustom": 0,
   "axisStandard": 0,
   "axisCustom": 0,
   "memberStandard": 0,
   "memberCustom": 0,
   "hidden": {
    "total": 2,
    "http://xbrl.sec.gov/dei/2023": 2
   },
   "contextCount": 1,
   "entityCount": 1,
   "segmentCount": 0,
   "elementCount": 23,
   "unitCount": 0,
   "baseTaxonomies": {
    "http://xbrl.sec.gov/dei/2023": 22
   },
   "report": {
    "R1": {
     "role": "http://www.lazard.com/role/Cover",
     "longName": "0000001 - Document - Cover",
     "shortName": "Cover",
     "isDefault": "true",
     "groupType": "document",
     "subGroupType": "",
     "menuCat": "Cover",
     "order": "1",
     "firstAnchor": {
      "contextRef": "c-1",
      "name": "dei:DocumentType",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "laz-20241211.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "c-1",
      "name": "dei:DocumentType",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "laz-20241211.htm",
      "first": true,
      "unique": true
     }
    }
   },
   "tag": {
    "dei_AmendmentFlag": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "AmendmentFlag",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Amendment Flag",
        "label": "Amendment Flag",
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission."
       }
      }
     },
     "auth_ref": []
    },
    "dei_CityAreaCode": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "CityAreaCode",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "City Area Code",
        "label": "City Area Code",
        "documentation": "Area code of city"
       }
      }
     },
     "auth_ref": []
    },
    "dei_CoverAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "CoverAbstract",
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Cover [Abstract]",
        "label": "Cover [Abstract]",
        "documentation": "Cover page."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentPeriodEndDate": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentPeriodEndDate",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Document Period End Date",
        "label": "Document Period End Date",
        "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentType": {
     "xbrltype": "submissionTypeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentType",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Document Type",
        "label": "Document Type",
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressAddressLine1": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressAddressLine1",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Address Address Line One",
        "label": "Entity Address, Address Line One",
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressCityOrTown": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressCityOrTown",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Address, City or Town",
        "label": "Entity Address, City or Town",
        "documentation": "Name of the City or Town"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressPostalZipCode": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressPostalZipCode",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Address, Postal Zip Code",
        "label": "Entity Address, Postal Zip Code",
        "documentation": "Code for the postal or zip code"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressStateOrProvince": {
     "xbrltype": "stateOrProvinceItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressStateOrProvince",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Address, State or Province",
        "label": "Entity Address, State or Province",
        "documentation": "Name of the state or province."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityCentralIndexKey": {
     "xbrltype": "centralIndexKeyItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityCentralIndexKey",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Central Index Key",
        "label": "Entity Central Index Key",
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_EntityEmergingGrowthCompany": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityEmergingGrowthCompany",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Emerging Growth Company",
        "label": "Entity Emerging Growth Company",
        "documentation": "Indicate if registrant meets the emerging growth company criteria."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_EntityFileNumber": {
     "xbrltype": "fileNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityFileNumber",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity File Number",
        "label": "Entity File Number",
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityIncorporationStateCountryCode": {
     "xbrltype": "edgarStateCountryItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityIncorporationStateCountryCode",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Incorporation, State or Country Code",
        "label": "Entity Incorporation, State or Country Code",
        "documentation": "Two-character EDGAR code representing the state or country of incorporation."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityRegistrantName": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityRegistrantName",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Registrant Name",
        "label": "Entity Registrant Name",
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_EntityTaxIdentificationNumber": {
     "xbrltype": "employerIdItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityTaxIdentificationNumber",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Entity Tax Identification Number",
        "label": "Entity Tax Identification Number",
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_LocalPhoneNumber": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "LocalPhoneNumber",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Local Phone Number",
        "label": "Local Phone Number",
        "documentation": "Local phone number for entity."
       }
      }
     },
     "auth_ref": []
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "PreCommencementIssuerTenderOffer",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Pre-commencement Issuer Tender Offer",
        "label": "Pre-commencement Issuer Tender Offer",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r3"
     ]
    },
    "dei_PreCommencementTenderOffer": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "PreCommencementTenderOffer",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Pre-commencement Tender Offer",
        "label": "Pre-commencement Tender Offer",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r4"
     ]
    },
    "dei_Security12bTitle": {
     "xbrltype": "securityTitleItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "Security12bTitle",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Title of 12(b) Security",
        "label": "Title of 12(b) Security",
        "documentation": "Title of a 12(b) registered security."
       }
      }
     },
     "auth_ref": [
      "r0"
     ]
    },
    "dei_SecurityExchangeName": {
     "xbrltype": "edgarExchangeCodeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "SecurityExchangeName",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Security Exchange Name",
        "label": "Security Exchange Name",
        "documentation": "Name of the Exchange on which a security is registered."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_SolicitingMaterial": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "SolicitingMaterial",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Soliciting Material",
        "label": "Soliciting Material",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r5"
     ]
    },
    "dei_TradingSymbol": {
     "xbrltype": "tradingSymbolItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "TradingSymbol",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Trading Symbol",
        "label": "Trading Symbol",
        "documentation": "Trading symbol of an instrument as listed on an exchange."
       }
      }
     },
     "auth_ref": []
    },
    "dei_WrittenCommunications": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "WrittenCommunications",
     "presentation": [
      "http://www.lazard.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "terseLabel": "Written Communications",
        "label": "Written Communications",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act."
       }
      }
     },
     "auth_ref": [
      "r6"
     ]
    }
   }
  }
 },
 "std_ref": {
  "r0": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b"
  },
  "r1": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r2": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r3": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "13e",
   "Subsection": "4c"
  },
  "r4": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "14d",
   "Subsection": "2b"
  },
  "r5": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Section": "14a",
   "Number": "240",
   "Subsection": "12"
  },
  "r6": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "230",
   "Section": "425"
  }
 }
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>18
<FILENAME>0001628280-24-051041-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001628280-24-051041-xbrl.zip
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M%/DCT76LN!\1-LD.^J[P1'Q'>'D+M)_R;*AOTWX>\,*H& 4K'F4I-I(0;"H
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MKIJ.[)G@O.Y3H+1Y%5<UG?!(W-,J9EPZTQR>QIJM@!B6+@%@'G>UY30/W:0
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M=1QFN>7?8JL#@!.J9C-'!O7K?>S9QV>Q.-._G+M>#.KA_,P+"%STT'E^OF.
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M22O*SOW%%3_-5^R7*\XMGM674Y :RRNE#>C/90(!.[H*@!5& ER!. 8A(4\
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M'3:2\Z?)[]M/GM]Y@4<OM'B\F^-O_ZC(T\BUO;;_^Z+7]+]-^B]02P,$%
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M746UW O=Z>D[U[MG43SUQ?N2ZT5CGT_;01@(Z-][:&-!(=6?GNN*@/Z$]U?
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M/#<>MJUJ]1\E*G?Z+AISP$-/XHJIOU4CBTUQ.8#6>F$<AZ,V- 8MQ+SGB[1
M+Y0P<,,)?9^/(]%._SA)>4[)%(,JG12;:\#80+?%GL-]@_O>(&@C@?3KV;#-
MJAIZ# 2*W;1G_=J$5Y7%YZVFV:HN?U4U+7I>H?9D^C*EF)JC"\SI(VG>ET!_
M%">KAP\EF1LF2(QO880G8^ZB7FY7F05MI!U4:.9+2$M35;-V )Q"EM2ZI.^A
M_U"VL65LO _@ 9X?>?ZT_<.M-P(&OA(3=A..>/!#.0)A#5I$>GU5,/+^%&VK
M"?2EGQ,UM6-HAQ9#3]6RD:R_7%W<GG]@W=O.[7F7%?&PA\/MGI_]<G-Q>P%C
M[5Q]8.>_G?VK<_73.3O[_.G31;=[\?EJY106P'SRY2=EKS6I7SO=?UU<_73[
M^:K,/IAG)AACC7IK]6(49U);,9.79=3ZD6DW]HI/XW#<!E9D4>A[[E8\N@O$
MK,<&'S_??&+KFQ.I8Z!L*V4T@.YH&C\O6@QOF-LIYO9%)H&8O3F_NF4WY]>?
M;VYWJ1C6&^]U(J.$@^\;AZPK''1;F%5CH616X\ ]9&&?W8(C#*\2Z<4>='S^
MX S! !:LX\3XVFK5ZNO*W)>1!=6U9HY&)X[_1HQ#&;.#]+?@8':**&;B'F,"
MDEX+]["]A>"X)EOV7%FX17_$A2?&")H88C7#Y5-C"ET;(LC<$QBC<,2H!\:\
M994IU/ F=UZ;W+'K:Z%Y4T?\1@R\",,5\16\22%7*YU>\C^Y=,OL(G#,+='V
M(ER^GL(_.'_@(*9P]LC;,ILUXQ&+QL)!=]=E7L"\.&(@V(#5Y>%?%6=O;/7L
M)N37XD'7;+-V;#]*U@V:LFNUYVJJVFJLL]BK5C9=/WO\@"NX"/MYBBIBOKQN
MM^I;2$,0=J$$/4]AVVX,JODL3()83L]"MZBW,>J,T:U8C&5XC^W,%'8=%;;/
M)UR*E9(S=E\GA3]ZOH#"8,NDU&I@"-(R:G:]9;^1:XY<M_SA0D=C'0)ED79'
MI=-6TZC6:\?->O-1XCTW6X-H?W%-3E+X@-@2'9//\1 LXO\%?R1R/?)8*"8+
MZKW QH=? D2[F+[5P.F?A:.1%^&.)D->8@H0?YM)JC6^N.FR\]'8#Z="TJ(6
MF8!=A>;A,GC/F2A6XQ$;9<$2>=YB?QL]VMA";'5<5XHHTO]<0GM6*K*.2Z>U
M*HS)N1-]X?O P=<^N!KSPHMM .B76QI?]!=,QFQA7C2JL]ZZ??^M=50]V7+U
MSN#/S_(VG&2&3;-TB@/[3RCOYM>KO$%4I- +B?//\AJL*(\V]M<TLEJKQS*W
M*_=L -I_7MW&Q-#K<!T"H?W_>F-EZNH@=[5T:E4MZW'#[.L0=4_K5Z3>@28'
M1@FN)2#2&W.?G3\()XF]>\$^]T$)B6@3??MUH&M-\@! &")DB?K=84Q^O4CO
M+-;U_;=-VSH^B=BM\,5X& :I'47Q+C_!!6$=*3C-=9.(+PI-K%C@(JMT:B_R
MD+%^JY<A+/\UCK-H_UMVZ?2H9AM'0+BU@W3[LAQ78<PZX[$/T,: SE<85/P(
MJ@H,F"N**DJF?VH)4F9>GYW1%HG+NJC;V"6/8KW/\!9;W,O88AY%/>[<#628
M!*ZA =6G_TZ>GT'JR_<0A\*YH_Q3/@8#:"P]]'Q[X0/K"3^<(+[P)<*.-8V?
M6=_S46YY$?,P^\\%W,4AB[Q1XL<\$&$2^5,6@0<5]:=44U<(>[#JRK$*59.Y
M^#A,'S#-@VGZK@_8"B=8#XTR#SW1B!VD:-XC BJV<86C P%MF@J6*IU&0NSA
MB$NG["<1" D6QT4 ]$_4/FS'M$VUY(?M]:7&B\N(5LL\MNU-981M'AT]+B+6
MEC8-TZJO)6V>R?/;*#[R*S2,C4=; V1#Z_Y7Z<4@!3!>E 0Z<!(MNE>],/1[
M'%@Z!L&2V14U]!U;Q_7ZR?.&9/\R&9^+VXB8FD0PASR-V#B7"W&3  ?5[8:6
M@W$Q!P)3'PZL8W;V\8;9M:H)!0_9,_E&7Q_BNJ"*'2!,,/@$B@JTE;\NW.JO
M FXS^K"1)M BUJPZ![,^![="GDT&MCJ(-"KYBO%V+05*-TR6I^P\-'DD..CH
M'ZV'N\:KP!W0R7!RA'I2WEEUU[ />H?KH5"5?<-A2MZ+*$J$W *-1V]H7(K&
MFC#J!\YZ:-1EEZ%Q:T?PI8S_G&&A'# AP84;+\O,).[4#AG08)_=@FT3:"RS
M:1UMY!BL?EYK/)[TLL&@6ALV]2*#:EJMOT%2SWHAZ%L\K:@2=)TA<WP>1:\O
M&$_\="LY#I8VR+O342_T#U[MQL25SNPD4(A4/8"HG P]>#*3IYM8*4^'&O<Z
MEV)3]TVIGZEE]XC',KODN'2*]@T0LQN'SEV9C;ED]]Q/!/L.9+O%QGC,=/C7
MTMV> ./K6@K-V8JILW5HEDXO._]]H_'SPCVU)57^^[RECJ*DF'A@Y3(/%$-D
MYNC3N^1[;X->!"Y:XH+UILRA_0<8V1U(44'9=G.; U[$8(A@QN/@!VP@PTD\
M1(-^C!L&/&*NZ$,7E%BO(FG51FJVSH71U FB&CO G)7C$]RAK5HG%%1+ZWB4
MF3^FS/Q0:N? [AGVDB:7GDZ::QO]A5GU7.OF1N;T+I;I? 7)EVUJ?%%7>:M#
M)^GH?Z+!GZFQK^DEV]6GO>1]7;6+_B/L4@8F6<I[WL*>W! X2_C@"P)G!2%Y
MADDDJ!307>_\X14D'GF+ZB8%)"_UY4^Q<[K;!B$3P-S@C13W7@3U@%]YX&!H
MDCL.)K]C8;QTQ>72C=2>G[O*+:T=\,PMS7.@N2-@9D#YNWG'6^^LU[>]H&&+
M#?;\+1KC4(&Q+87/,9-JX5Z-V2BH^^JL"N^!*9+$BU6>NHICX_M JMF%($,Y
M,YX&PNA)P>\,W@?MT.;^A$\CG/[R6T..[>>\-:0%C>DG9)C91?/K]R2*O?YT
M1RD\%[$8,0M=@',\)8-Y!R'C+-W^81]0_7N4.-<92$'QOC69L;6;>2[&+#&/
M]G/ 9D=P;74$M\S4$4D&6BP9L\O+LS),/3WXPWQOY*%\]CW>\WQ0>IF./D#[
MPZZ>Y*O3(^ODL(Q&$TI/CX+(:1_J&&:A_=P)A[D6<VT%+IW:_I$'=RB6,[/U
MDP"M&F2=Q1*H*P0[P!^ZK5OU;-88V?EDRL$:DX#WZ63TD'63\=BGM:7$!4S5
M3V2QM2?*IKTPW?2L$9<N8N.4C_F)3YE51>J#17@ S_A(Z3J<9Y0UC$I,AB,6
M P*H0?BWS'*#6>BVS'HBGH"-7UQ2;!:K:5*4=0!:113F5X_2";^K5:OEJOJ?
M\0% ?H#Z?)PEDO(1JE2<3,T\LAO_ -49>*!]K\(8T.J"1PW0.BZS[QIK-U0W
MH>SRAIH;-E0[7C&B%M'BN_K:;1V14EO65LUB!ZA%T62X%_ZTL#)4, /#!/"F
M&,$UUTV7VRNQ<;L&EXQ"%\\>1]K&P]Q M+B<$&IQVAV!"JD/5>0-P+8VQ^ %
M1X>= 5</D%M0SHQ!3$ #ZNHN7)0"N <)1UM2Z)ZCF>ND*)[;;<FQM)=EQ^(+
M6J[#<F[HF/489!??$6I"<AQ=?1,";FW\D7A2Y:;U* =-<W _D8$7#=6;8>A#
M]\7=H.)81ARP [/&I^$XS5[+S[$\:Q\L:NRBAY0*(XH41@EP<9%&($Z5D\N+
MDN#K1-_U'.F>0&*FS]"[R,Q\/@-*%E[%\8@HM?,5<Q^0/R$%GJ6G'N=*4BE4
M8'/*+VV\J+0*2!4/V&:D,.[%X+GX/CP4T@&'A<[KTQ6<T5+$HM.C6X-!(1C0
MV=%0VQ*XJS$)+.I[(EE@MC31,NN9G*J$ M/K]6ZR<Y[3.MF:J A,$A#_$M=&
M"=KQX,6A(BRF=NK:V#P14:)=L*%GMBE$J<6V!U#SG#5 "PSI 5>""/K"XWIT
M%,H[GIE3I-S5BJQ!ZNCKE!>WE-P+2CU4Z!S!6+.LWZ?4F!O"0# 6 <Q!]^@H
MZ4[Q!@%& F(.L/I' C/-7[6!DE<*D+T@H;.K+U/&RFJ#Y3F*UAP*"ADG'-/(
ME:F&/!+'P#[*DCQ_&'H]D"-UTU(=P?NS1)(BT)< X>':-*N:1IX=*(8F  4"
M1I\?\+(%7]/E;"R_A+( D[UQ^@@GY/0UT>E3)[#/<36B-1&_JZFLX==9<WX=
M#P(P9QWAYK&82Y('RRQ"S$0JK2\GNC'I!Z$U4YT3! T@1C<=]K1-IQ00Z)4(
MG,6TQ0SIJ1'TF.)%AQO=H$7;D"S+Z2J[\C48CZF5-Z-;0#2;5^!\=@K)VXU]
MF4+.AV7(XRYG\<S E%%O;3VS7US7R>0SSF1,QRVE\ 6/1#KY%"2.'T9D.3W"
M<B"^-7<5Q'1!H>#B9#H 2R/;S%1!JV5:&Q'SRU%N0WOIC"=(!-34" E08 ,N
MB<= @4T04Y=A>(>_Z:"UXJ)-4*-CO@;9V.V&66V\,)0V),CM$^I<^]-1ZHCT
M%9D,7Y,IRLBD71*R!;7O/1(\R,$QXGT0TER"%9@_#*7?_F)V33Q#?(]!DMS6
MY"7\HVWR&X'B;K9'V6J8(# !WB/ .K #2,35XX,2 4J<[+INPCSVG"@)-%\5
MK2@O@)493)5TXAD54-BE\TT?(5'G'Z(DFG\6#</$=^>?.LL>3I8]5/[=_-.Q
MSX/Y9R#^/(PTQ6+^34^ WW6_\%@ -D=+BH/,P2MC%AZ'>&F^QQ>F& -?B(7B
M@S!7$B"0S1PWS9)9IVD<,<!X&<;"%4"BU*Z=*3H*$4M21+G%,C&(&XE'H%#6
MEBX&AL$I^5W[X'=!.%%Z- G4W]*+[B(,9#I"(AL0($DX@MX>C54&+N^%20P@
M*J,.9$IKHYP.?U?[?(3P,$%G5OG8V9;A6$C2WRAR\?L%+K(>EM1;G;A_&8N!
MA\#N)2#94?3C2D?:S ;6(!+I067KC?N98.3@R49J+ZW\-&F()F'@3YE>=)I
M87".EA8*B#H-&?O/3UD11<^8'!#5.?S"'KP12AJT*?K<B4.IPQ7$!<"HQ)'0
M%;P##PCC)(F/RX:NC(_DY!@.!1NA7*!AB#6&B&PU%UA3L.G0NDP/D,"\5+";
MK*CM6H5YHPY&@DB<B)\3):L)NSI)(K\/ML-]O[W9PENJ1^M[KT>)KS28M1!
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M8D7#S=K=GVR?,^Q6>C[Z#5!+ P04    " #O@8Q9],FAU"0*  !\50  %
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M$6Z]5F?V1CV690-F1JS(GD:<>#$V8&AW'38TT!>S#]GB\9]>N$9ARA@@ F-
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MAF;#9H)GS?8#8<)[F,/%?&4:/M9EX8NFJ%:_8(&3"ELN P.3.Z8)?N-0EBG
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MVH_V3?BCO?\"4$L! A0#%     @ [X&,63EIG&!L)   H2<! !$
M     ( !     &5X:&EB:70T,2TX>&LN:'1M4$L! A0#%     @ [X&,6?/5
M4K./"   W28  !$              ( !FR0  &5X:&EB:70U,2TX>&LN:'1M
M4$L! A0#%     @ [X&,67_SW8QZ$P  /6D  !(              ( !62T
M &5X:&EB:70Y.3$M.'AK+FAT;5!+ 0(4 Q0    ( .^!C%D&.PLD<A@  $2>
M   0              "  0-!  !L87HM,C R-#$R,3$N:'1M4$L! A0#%
M  @ [X&,6;,^E4]; @  \ 8  !               ( !HUD  &QA>BTR,#(T
M,3(Q,2YX<V102P$"% ,4    " #O@8Q9],FAU"0*  !\50  %
M    @ $L7   ;&%Z+3(P,C0Q,C$Q7VQA8BYX;6Q02P$"% ,4    " #O@8Q9
M'3.(<*L&  #9,   %               @ &"9@  ;&%Z+3(P,C0Q,C$Q7W!R
;92YX;6Q02P4&      < !P"^ 0  7VT

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>19
<FILENAME>laz-20241211_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xml:lang="en-US"
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2023"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="laz-20241211.xsd" xlink:type="simple"/>
    <context id="c-1">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001311370</identifier>
        </entity>
        <period>
            <startDate>2024-12-11</startDate>
            <endDate>2024-12-11</endDate>
        </period>
    </context>
    <dei:EntityCentralIndexKey contextRef="c-1" id="f-21">0001311370</dei:EntityCentralIndexKey>
    <dei:AmendmentFlag contextRef="c-1" id="f-22">false</dei:AmendmentFlag>
    <dei:DocumentType contextRef="c-1" id="f-1">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate contextRef="c-1" id="f-2">2024-12-11</dei:DocumentPeriodEndDate>
    <dei:EntityRegistrantName contextRef="c-1" id="f-3">Lazard, Inc.</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode contextRef="c-1" id="f-4">DE</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber contextRef="c-1" id="f-5">001-32492</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber contextRef="c-1" id="f-6">98-0437848</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1 contextRef="c-1" id="f-7">30 Rockefeller Plaza</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown contextRef="c-1" id="f-8">New York</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince contextRef="c-1" id="f-9">NY</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode contextRef="c-1" id="f-10">10112</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode contextRef="c-1" id="f-11">212</dei:CityAreaCode>
    <dei:LocalPhoneNumber contextRef="c-1" id="f-12">632-6000</dei:LocalPhoneNumber>
    <dei:WrittenCommunications contextRef="c-1" id="f-13">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial contextRef="c-1" id="f-14">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer contextRef="c-1" id="f-15">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer contextRef="c-1" id="f-16">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle contextRef="c-1" id="f-17">Common Stock, par value $0.01 per share</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="c-1" id="f-18">LAZ</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="c-1" id="f-19">NYSE</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany contextRef="c-1" id="f-20">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
