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Special Charges, Acquisition and Transition Costs and Intangible Asset Amortization
9 Months Ended
Sep. 30, 2012
Special Charges, Acquisition and Transition Costs and Intangible Asset Amortization

Note 4 – Special Charges, Acquisition and Transition Costs and Intangible Asset Amortization

Special Charges—The Company has recognized costs of $662 for the nine months ended September 30, 2012, as Special Charges incurred in connection with exiting facilities in the UK, and $2,626 for the three and nine months ended September 30, 2011, as Special Charges incurred in connection with the exiting of a lease commitment for office space of $731 and an introducing fee in connection with the acquisition of The Lexicon Partnership LLP (“Lexicon”) of $1,895.

Acquisition and Transition Costs—The Company has recognized as an expense $148 for the nine months ended September 30, 2012 and $1,178 and $2,312 for the three and nine months ended September 30, 2011, respectively, as Acquisition and Transition Costs incurred in connection with acquisitions and other ongoing business development initiatives. These costs are primarily comprised of professional fees for legal and other services.

Intangible Asset Amortization—Expense associated with the amortization of intangible assets for Investment Banking was $593 and $3,636 for the three and nine months ended September 30, 2012, respectively, and $2,208 and $3,558 for the three and nine months ended September 30, 2011, respectively, included within Depreciation and Amortization expense on the Unaudited Condensed Consolidated Statements of Operations. Expense associated with the amortization of intangible assets for Investment Management was $1,674 and $5,023 for the three and nine months ended September 30, 2012, respectively, and $1,670 and $5,010 for the three and nine months ended September 30, 2011, respectively, included within Depreciation and Amortization expense on the Unaudited Condensed Consolidated Statements of Operations.