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Gillian Tan

Greenhill's Path to a Turnaround

Some advice for the struggling boutique firm.
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Photographer: Victor J. Blue/Bloomberg

Greenhill & Co. is undeniably struggling, but there are ways it can get on firmer footing.

The boutique firm's market value has shrunk to below $500 million after a dive in advisory revenue sparked a similar swoon in the company's shares. Poor second-quarter results only reinforced the fact that Greenhill is stuck in a rut, unlike competitors who are better weathering the regulatory and political uncertainty that's impeding some big-ticket mergers and acquisitions.