COST-SAVING INITIATIVES

9 Months Ended

Sep. 30, 2025

Restructuring and Related Activities [Abstract]

COST-SAVING INITIATIVES

COST-SAVING INITIATIVES

The Company conducted firm-wide cost-saving initiatives over the course of 2023, which were completed during the first quarter of 2024.

Expenses and losses associated with the cost-saving initiatives for the nine month period ended September 30, 2024 consisted of the following:

	Nine Months Ended September 30, 2024
	Financial Advisory		Asset Management		Corporate		Total
Severance and other employee    termination expenses (included    in "compensation and benefits"    expense)	$	32,773	$	11,545	$	2,292	$	46,610
Other	708		14		1,397		2,119
Total	$	33,481	$	11,559	$	3,689	$	48,729

Activity related to the obligations pursuant to the cost-saving initiatives during the nine month period ended September 30, 2025 was as follows:

	Accrued Compensation and Benefits
Balance, January 1, 2025	$	6,268
Less:
Foreign currency translation       and other adjustments	(16)
Payments and settlements	5,351
Balance, September 30, 2025	$	933