The tiny M&A boutique with the massive pay

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The tiny M&A boutique with the massive pay

M&A boutiques are big payers. The average London employee at Perella Weinberg got £323k last year, while Evercore regularly pays an average of $600k+. However, few boutiques are quite as generous as Robey Warshaw.

The London-based operation has just announced its results for the year ending March 2019. Three partners and 13 employees managed to generate revenues of £59m and profits of £48m. M&A boutiques have massive margins; when things go right, they go very right indeed.

With this kind of productivity, Robey Warshaw can afford to be lavish when it comes to compensation. Last year, its three partners (Simon Robey, Simon Warshaw and Philip Apostolides) shared £48m, with one alone taking £27m from the pot. The remaining 13 shared £7.9m after social security costs, an average of £605k each.

Robey Warshaw has always been generous, but in the year to March 2019 it was far more generous than the year previously when the highest paid partner earned a 'mere' £12m and the average employee received £500k. 

Robey Warshaw's increased profitability was accompanied by a higher tax bill. Last year, the boutique paid £4.5m in taxation and social security charges. 

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Photo by Rohan Reddy on Unsplash

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