BUSINESS INFORMATION

6 Months Ended

Jun. 30, 2015

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 was one client in the three months ended June 30, 2014 which accounted for more than 10% of revenues. There were no clients that accounted for more than 10% of revenues for the three months ended June 30, 2015 or the six months ended June 30, 2015 and 2014. 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 June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Revenues:
United States	$	95,086	$	91,814	$	164,517	$	189,719
Europe		23,573		35,678		48,995		46,227
Rest of World		7,214		4,195		11,773		10,258
Total	$	125,873	$	131,687	$	225,285	$	246,204

	June 30, 2015		December 31, 2014
Assets:
United States	$	328,899	$	378,573
Europe		33,951		52,975
Rest of World		31,497		32,701
Total	$	394,347	$	464,249