Evercore Inc.

be pretty proactive in augmenting our partner ranks and really strengthening that in a way that looks like it's earning positive returns for us. And we're continuing to attempt to do that. I think the key takeaways here is we are striving to make continued progress, although it might not be the same magnitude we've seen in the last couple of years. We remain optimistic about the outlook. But, yes, the market for talent remains competitive.

Got it. Thanks for that. I know it's one question. I can re-queue for sure, but do you mind if I ask a follow-up? I'm ready to just fold, so I'm guessing we're towards the end here.

Sure. Please. Great. Thank you. So it's sort of a related, it's actually a real follow-up, Tim. On that point, like, you know, you guys, clearly the revenue's been great. Your productivity number's been great. So the hiring is very effective like you know this is not a criticism it's just a just a question of like mind facts um is it is sort of the competition for talent has it like scaled to a level and is it that the talent you guys are hiring has also scaled to a level where you know maybe a return to the sub 60 percent comp ratio uh is going to be more challenging And therefore, like, you guys are driving the business and you want to make sure that you're not compromising on standards and whatnot. So that's just sort of like reality and a law of nature now? Or is that the way we should think about it? Yeah.