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BUSINESS INFORMATION
9 Months Ended 12 Months Ended
Sep. 30, 2014
Dec. 31, 2013
BUSINESS INFORMATION    
BUSINESS INFORMATION

16. BUSINESS INFORMATION

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

        We do not allocate our revenue by the type of advice we provide because of the complexity of the transactions on which we may earn revenue and our comprehensive approach to client service. For example, a restructuring engagement may evolve to require a sale of all or a portion of the client, M&A assignments can develop from relationships established on prior restructuring engagements and capital markets expertise can be instrumental on both M&A and restructuring assignments.

        There were no clients that accounted for more than 10% of revenues for the three or nine months ended September 30, 2014 or 2013. 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 sets forth the geographical distribution of 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.

 
  Three Months Ended
September 30,
  Nine Months Ended
September 30,
 
 
  2014   2013   2014   2013  

Revenues:

                         

United States

  $ 102,099   $ 79,955   $ 291,818   $ 211,735  

Rest of World

    26,552     18,773     83,037     45,356  
                   

Total

  $ 128,651   $ 98,728   $ 374,855   $ 257,091  
                   
                   


 

 
  September 30,
2014
  December 31,
2013
 

Assets:

             

United States

  $ 268,023   $ 359,072  

Rest of World

    84,166     84,391  
           

Total

  $ 352,189   $ 443,463  
           
           

14. BUSINESS INFORMATION

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

        We do not allocate our revenue by the type of advice we provide because of the complexity of the transactions on which we may earn revenue and our comprehensive approach to client service. For example, a restructuring engagement may evolve to require a sale of all or a portion of the client, M&A assignments can develop from relationships established on prior restructuring engagements and capital markets expertise can be instrumental on both M&A and restructuring assignments.

        In 2013, 2012 and 2011, there were no advisory clients that accounted for more than 10% of total revenues. 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 sets forth the geographical distribution of 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.

 
  As of and for the Years
Ended December 31,
 
 
  2013   2012   2011  

Revenues:

                   

United States

  $ 331,743   $ 302,852   $ 224,689  

Rest of world

    79,643     83,019     43,335  
               

Total

  $ 411,386   $ 385,871   $ 268,024  
               
               

Assets:

                   

United States

  $ 359,072   $ 333,064   $ 157,342  

Rest of world

    84,391     69,604     47,587  
               

Total

  $ 443,463   $ 402,668   $ 204,929