Revenues soared at advisory firm PJT Partners during the final months of 2016, allowing chief executive Paul Taubman to meet his goal of growing the top line during the firm’s first full year after merging with Blackstone’s advisory and placement businesses.

The firm reported revenues of $173 million in the three months to December 31, up by two-thirds on the same period of 2015. Within that, advisory revenues more than doubled year-on-year to $136 million, while placement revenues from the firm’s Park Hill business were down 5%.