This Wall St CEO is still trumpeting the benefits of WFH

Lazard's New York employees, though, are asked to come into the office three days a week, while working two days remotely, Orszag said in a recent interview with Bloomberg.

That's resulted in a host of benefits for the firm's workers, Orszag said, adding that he believed WFH allowed young banking professional;s to run as "far and fast" as they could.

He added that working from home also allows workers to tend to other areas of their lives while maintaining the sense that their work is meaningful.

Related stories "There are many professions where you can't get around the effort part of it," Orsza said. "Even if you're working hard, you need to have some degree of agency, and ability to — if something else is important in your life — to take time off, to go do that," he later added.

Tracy Farr, a Lazard managing director, also praised the benefits of the firm's hybrid policy in a LinkedIn post .

"Our hybrid work policy has been a game changer. But well before that, the teamwork and collaborative nature of my group made the impossible task of work-life balance a bit easier. Trusting and being able to rely on team members is critical," Farr wrote, noting that he still works long hours at the firm.

"But I've been able to have a beautiful family and personal life - being there for my kids and their small and major moments - all while being a banker. It requires intention. But also agency, and a team that makes it all possible."

However, Lazard's position is increasingly becoming an outlier.