Moelis & pany(MC) - 2024 Q2 - Earnings Call Transcript

Devin Ryan Thanks so much. Hi, Ken. Hi, Joe. How are you? Kenneth Moelis Good. Devin Ryan Good. Just a question on the backlog. So we can see at least from the public data. I know it's not perfect, but we can see kind of an improvement occurring in that data as well. And that's something we've been talking about for at least several quarters now is just the conversion of, I think, the pre-backlog and actually announced backlog and then into kind of realized revenue. So can you give any sense of like how the ...