Revenues and Business Information

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Revenues and Business Information

14.REVENUES AND BUSINESS INFORMATION

The Company’s activities as an investment banking advisory firm constitute a single business segment offering clients, including corporations, financial sponsors, governments and sovereign wealth funds, a range of advisory services with expertise across all major industries in mergers and acquisitions, recapitalizations and restructurings, capital markets and other corporate finance matters.

Since the financial markets are global in nature, the Company generally manages its business based on the operating results of the enterprise taken as whole, not by geographic region. The following table disaggregates the revenues and assets based on the location of the office that generates the revenues or holds the assets, and therefore may not be reflective of the geography in which our clients are located. No client accounted for more than 10% of revenues for the years ended December 31, 2021, 2020, and 2019.

	Year Ended December 31,
	2021		2020		2019
Revenues:
United States	$	1,312,792	$	794,337	$	635,787
Europe		157,158		92,660		78,842
Rest of World		70,661		56,279		31,905
Total	$	1,540,611	$	943,276	$	746,534

	December 31,		December 31,
	2021		2020
Assets:
United States	$	1,356,193	$	1,012,831
Europe		92,605		78,470
Rest of World		106,883		105,143
Total	$	1,555,681	$	1,196,444

As of December 31, 2021, and December 31, 2020, the Company had deferred revenues of $4,539 and $2,692, respectively. These amounts primarily consist of upfront fees and retainers for our services. During the years ended December 31, 2021 and December 31, 2020, $2,558 and $2,354 of revenues were recognized from the opening balance of deferred revenues, respectively.

Due to the factors that may delay or terminate a transaction (see Note 2), the Company does not estimate constrained transaction fees for revenue recognition. Quantitative disclosures of constrained variable consideration are not provided for remaining, wholly unsatisfied, performance obligations. The remaining performance obligations related to retainers, upfront fees and announcement fees are typically associated with contracts that have durations of one year or less.