BUSINESS INFORMATION

9 Months Ended

Sep. 30, 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 or nine months ended September 30, 2017 or 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 September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Revenues:
United States	$	131,306	$	125,380	$	420,412	$	338,332
Europe		24,939		17,503		63,595		41,625
Rest of World		13,796		7,793		31,441		28,808
Total	$	170,041	$	150,676	$	515,448	$	408,765

	September 30,		December 31,
	2017		2016
Assets:
United States	$	672,783	$	506,748
Europe		41,418		31,341
Rest of World		80,888		60,711
Total	$	795,089	$	598,800