Independent investment firms are taking a greater share of advisory fees than ever as companies turn to old-fashioned skills in an uncertain market, the FT said, citing Dealogic data. Boutique banks, which provide advice on mergers and acquisitions and restructurings, accounted for 14 per cent of global M&A fees so far this year – the highest level since records began, according to Dealogic. The data show that top boutiques such as Lazard, Evercore and Gresham Partners are gaining ground in a market that is well off the highs of past booms. Global M&A volume totalled $1,140bn in the first half of 2009, the lowest since 2004.

This entry was posted by Stacy-Marie Ishmael on Monday, July 13th, 2009 at 4:33 and is filed under Capital markets, M&A. Tagged with evercore, Gresham Partners, lazard. Edit this entry.