Evercore London: converting interns, paying someone £12m
If you're a banker in Europe looking for a boutique from which to ride the hoped-for resurgence in M&A, then Evercore may your spot. Insiders say it converted most of its summer interns this year, and at the other end of the hierarchy, it pays extremely well.
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Evercore didn't respond to a request to comment for this article, but multiple insiders there tell us that around 80% of this year's interns in London received offers to return. "It was an exceptionally strong class," observes one junior who worked with the interns. Some other banks in London are said to have converted as little as 35%.
Evercore has just published an array of accounts in London. Among the tangle of reporting entities, one - Evercore Partners International LLP - has revealed that it paid an unnamed London partner £12m ($16m) last year. In total, its 47 partners shared £59m of "remuneration charged as an expense" and a further £121m of profits. When the person with £12m is deducted, the implication is that Evercore's other London partners got an average of £3.7m each last year.
Evercore is hiring and is growing in both London and Europe. It acquired Robey Warshaw in June 2025 and so will have a few more highly paid partners the next time it files accounts. It hired Lars Ingemarsson, head of Nordic investment banking at Citi in August and Luigi De Vecchi (also from Citi) as European chairman in May.
The average UK-based Evercore employee isn't earning £3.7m, though. A report for another UK entity - Evercore Group Services Ltd., reveals that the firm employed 386 people in London last year, up nearly 40 on the year before. The average among them earned £119k.
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