After more than two decades, Scott Beiser is resigning from his post as chief executive of Houlihan Lokey Inc. He will be succeeded by Scott Adelson, the firm’s co-president, effective June 10. Beiser will become a co-chair of the firm.
Houlihan Lokey is an investment bank headquartered in Century City. It was No. 1 on the Business Journal’s list of top investment banks ranked by number of FINRA-licensed investment bankers in the county. During the second quarter, it reported revenue of $467 million and net income of $67 million.
“Leading Houlihan Lokey for the past two decades, and working alongside my talented and dedicated partners, has been one of the most gratifying experiences of my career,” Beiser said. “I am extraordinarily proud of the firm we have built, from a small valuation firm to one of the largest and most successful independent investment banks in financial services. I’m delighted to hand the reins to my longtime partner Scott, who has been instrumental in the firm’s overall success.”
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The Pepperdine Caruso School of Law announced the Ken Starr Institute for Faith, Law, and Public Service at an event earlier this month that celebrated the legacy of Kenneth W. Starr, former dean of the law school. Starr passed away in 2022.
During his career, Starr was the independent prosecutor who investigated President Bill Clinton, a process that resulted in the former president’s impeachment.
The event announcing the institute was attended by more than 250 people and included a performance from Pepperdine alum and Grammy Award winner Jessica Rivera Shaferw and speeches from Pepperdine’s Paul Caron, Jim Gash, Sara Young Jackson and Dee Anna Smith, as well as Samuel A. Alito, Jr., an associate justice of the Supreme Court of the United States.
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Larry H. Parker, a personal injury attorney seen on bus benches and billboards throughout Southern California, died earlier this month at 75. Parker attended Cal State LA, followed by Southwestern Law School. After graduating he started his namesake law firm, The Law Offices of Larry H. Parker.
The Insider is compiled by Interim Editor Hannah Welk. She can be reached at [email protected].
