Key facts
- Evercore's pay costs have increased by 53%.
- The firm is hiring to support a boom in mergers and acquisitions.
- Evercore has restructured its practice areas.
Investment banking advisory firm Evercore has seen its compensation costs rise by 53%, a significant increase attributed to heightened hiring amid a robust mergers and acquisitions market. The firm has implemented changes, including restructuring its practice areas, which it believes will foster future success. This surge in expenses reflects the firm's strategy to expand its capacity and capitalize on the current M&A landscape.