I particularly liked this statement from the CEO in the press release and think that the same probably applies to EVR as well, thus giving EVR a good chance of trading up in sympathy with GHL on the report. Disclosure: I own both EVR and GHL in roughly equal amounts.

"Looking forward, we believe Greenhill's competitive position today is far stronger than ever. Some of our competitors have disappeared through bankruptcy or merger. Those that remain have undergone massive shareholder dilution through new equity issuances, implemented extraordinary staff reductions and face the prospect of increased capital requirements and regulation. This turmoil not only creates opportunities for us to win new clients, but continues to produce extraordinary recruiting opportunities to further expand our industry expertise and geographic reach. We do not know how long the economy and financial markets will remain weak, but we intend to continue to take advantage of market weakness to expand and develop the Greenhill franchise in a cost effective manner in preparation for better times ahead," Simon A. Borrows, Co-Chief Executive Officer, added.
http://finance.yahoo.com/news/Greenhill-...