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PJT Partners’ advisory fees slip 5% as restructuring work declines

The boutique brought in record quarterly revenue of $360m as M&A rebounded, but challenges remain in other areas

By Paul Clarke
‘Our focus continues to be on investing to build the strongest firm for the long term,’ PJT boss Paul Taubman says
‘Our focus continues to be on investing to build the strongest firm for the long term,’ PJT boss Paul Taubman says Photo: Jeenah Moon/Getty Images

PJT Partners’ advisory revenues slipped by 5% in the second quarter as fees from restructuring work fell.

The boutique, run by former Morgan Stanley dealmaker Paul Taubman, brought in $307.1m in advisory fees in the second quarter. Overall revenue at the bank was $360m, an uptick of 4% and a record three-month period since it was launched in 2015.

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