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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUE      
Investment banking and other advisory fees $ 1,039,188 $ 970,167 $ 1,105,168
Money management fees 858,834 859,996 812,709
Interest income 6,008 14,609 20,967
Other 89,983 74,866 64,233
Total revenue 1,994,013 1,919,638 2,003,077
Interest expense 81,565 90,126 97,709
Net revenue 1,912,448 1,829,512 1,905,368
OPERATING EXPENSES      
Compensation and benefits 1,351,129 1,168,945 1,194,168
Occupancy and equipment 113,163 100,698 88,328
Marketing and business development 95,573 88,411 77,057
Technology and information services 86,892 83,212 73,744
Professional services 43,958 48,324 43,502
Fund administration and outsourced services 51,390 52,793 47,574
Amortization of intangible assets related to acquisitions 8,359 11,915 7,867
Provision pursuant to tax receivable agreement   429 2,361
Restructuring     87,108
Other 38,099 39,286 40,009
Total operating expenses 1,788,563 1,594,013 1,661,718
OPERATING INCOME 123,885 235,499 243,650
Provision for income taxes 31,100 44,940 49,227
NET INCOME 92,785 190,559 194,423
LESS - NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 8,476 15,642 19,444
NET INCOME ATTRIBUTABLE TO LAZARD LTD $ 84,309 $ 174,917 $ 174,979
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:      
Basic 116,953,989 118,032,020 104,411,253
Diluted 129,325,622 137,629,525 138,469,654
NET INCOME PER SHARE OF COMMON STOCK:      
Basic $ 0.72 $ 1.48 $ 1.68
Diluted $ 0.65 $ 1.36 $ 1.36
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK $ 1.160 $ 0.605 $ 0.500