BUSINESS INFORMATION

3 Months Ended

Mar. 31, 2017

BUSINESS INFORMATION

BUSINESS INFORMATION

15. 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 months ended March 31, 2017 and two clients that accounted for more than 10% of revenues for the same period in 2016. 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 March 31,
	2017		2016
Revenues:
United States	$	138,402	$	106,733
Europe		22,019		10,794
Rest of World		12,837		8,837
Total	$	173,258	$	126,364

	March 31,		December 31,
	2017		2016
Assets:
United States	$	471,993	$	506,748
Europe		26,369		31,341
Rest of World		56,679		60,711
Total	$	555,041	$	598,800