European advisory fees at the US investment bank Greenhill & Co jumped around 50% last year, helping to offset declines in its home market that stifled overall revenues in 2013.

Fees earned from advisory work in Europe accounted for 33% of Greenhill's total advisory revenues in 2013, according to results published after market close in the US yesterday. This was up from 22% last year and the highest percentage since 2009.