PJT Partners hiked compensation costs by 17% in the first nine months of this year as the boutique continued to hire senior dealmakers even as M&A fees slumped.
The investment bank headed by former Morgan Stanley banker Paul Taubman spent $573m on compensation, which is up by 17% compared with a year earlier. PJT started a record hiring spree earlier this year, capitalising on the fallout from larger rivals that have cut thousands of jobs in 2023.
