How Are the Investment Bankers Doing?
PJT Partners Inc. ($PJT) reported fiscal Q3 numbers yesterday and total revenue hit $174.2mm (up 24% YOY) — no thanks to the restructuring group. Per Mr. Paul Taubman, compared to last year, restructuring:
…revenues decreased meaningfully in the third quarter, but held almost even for the nine month period. Given the increase in distress within certain i…