, strong balance sheets, and have been able to remarkably support their clients, even during a pandemic.
That said, the most important thing we can do is remember that our number-one priority is our existing team as they are the ones that allow us to serve our clients and stay strong enough to keep methodically building. They also are the ones who embrace our new people as partners and help them make a quick and effective transition to Jefferies.
We are seeing continued M&A activity throughout the year and don't believe this is a short-term trend. I worked incredibly hard out of the University of Rochester as an analyst at First Boston and as an associate out of Stanford Business School working for Mike Milken at Drexel. The hours were insane, and in hindsight the experience was remarkable. That said, it was a different time in our industry and in the world.
nice