Paul Taubman, the ex-Morgan Stanley dealmaker who decided to go it alone after a 30-year career with the Wall Street giant, has hailed the “momentum” at his firm as a strong start to the year for restructuring work propelled advisory revenues up 39% in the first quarter.

The results, published on May 9, were the firm's second quarterly set of numbers since it merged with Blackstone's advisory and placement agent businesses and listed on the New York Stock Exchange in October 2015.