Derivatives (Tables)

3 Months Ended

Mar. 31, 2013

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Fair Value of Derivatives Reported on Consolidated Statements of Financial Condition

The tables below represent the fair values of the Company’s derivative instruments reported within “other assets” and “other liabilities” and the fair value of the Company’s derivative liabilities relating to its obligations pertaining to Lazard Fund Interests and other similar deferred compensation arrangements (see Note 12 of Notes to Condensed Consolidated Financial Statements) on the accompanying condensed consolidated statements of financial condition as of March 31, 2013 and December 31, 2012:

	March 31, 2013		December 31, 2012
Derivative Assets:
Forward foreign currency exchange rate contracts	$	4,172	$	893
Equity and fixed income swaps and other (a)		–		40
	$	4,172	$	933
Derivative Liabilities:
Forward foreign currency exchange rate contracts	$	249	$	322
Interest rate swaps		215		235
Equity and fixed income swaps (a)		97		4,342
Lazard Fund Interests and other similar deferred compensation arrangements		158,809		97,593
	$	159,370	$	102,492

(a) For equity and fixed income swaps, amounts represent the netting of gross derivative assets and liabilities of $1,171 and $1,268 as of March 31, 2013, respectively, and $0 and $4,342 as of December 31, 2012, respectively, for contracts with the same counterparty under legally enforceable master netting agreements. Such amounts are offset in “other assets” against receivables for net cash collateral under such contracts of $12,599 and $15,304 as of March 31, 2013 and December 31, 2012, respectively.

Net Gains (Losses) with Respect to Derivative Instruments Not Designated as Hedging Instruments

Net gains (losses) with respect to derivative instruments (predominantly reflected in “revenue-other”) and the Company’s derivative liabilities relating to its obligations pertaining to Lazard Fund Interests and other similar deferred compensation arrangements (included in “compensation and benefits” expense) as reflected on the accompanying condensed consolidated statements of operations for the three month periods ended March 31, 2013 and 2012, were as follows:

	Three Months Ended March 31,
	2013			2012
Forward foreign currency exchange rate contracts	$	5,231		$	(1,922	)
Lazard Fund Interests and other similar deferred compensation arrangements		(3,725	)		(2,767	)
Equity and fixed income swaps and other		(4,108	)		(10,255	)
	$	(2,602	)	$	(14,944	)