Business Segment Information

12 Months Ended

Mar. 31, 2013

BUSINESS SEGMENT INFORMATION [Abstract]

Business Segment Information

16. BUSINESS SEGMENT INFORMATION

Legg Mason is a global asset management company that provides investment management and related services to a wide array of clients. Due to a realignment of its executive management team, beginning in fiscal 2012, the previous separation of the Americas and International divisions has been eliminated and the company operates in one reportable business segment, Global Asset Management. Global Asset Management provides investment advisory services to institutional and individual clients and to company-sponsored investment funds. The primary sources of revenue in Global Asset Management are investment advisory, distribution and administrative fees, which typically are calculated as a percentage of the AUM and vary based upon factors such as the type of underlying investment product and the type of services that are provided. In addition, performance fees may be earned under certain investment advisory contracts for exceeding performance benchmarks.

Revenues by geographic location are primarily based on the geographic location of the advisor or the domicile of fund families managed by Legg Mason.

The table below reflects our revenues and long-lived assets by geographic region as of March 31:

	2013		2012		2011
OPERATING REVENUES
United States	$	1,800,539	$	1,806,990	$	1,919,680
United Kingdom	387,966		448,863		512,313
Other International	424,145		406,721		352,324
Total	$	2,612,650	$	2,662,574	$	2,784,317
INTANGIBLE ASSETS, NET AND GOODWILL
United States	$	3,139,050	$	3,548,628	$	3,565,019
United Kingdom	895,767		1,108,297		1,136,386
Other International	411,910		474,986		487,022
Total	$	4,446,727	$	5,131,911	$	5,188,427