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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUE      
Interest income $ 15,787 $ 13,127 $ 7,144
Total revenue 2,666,958 2,884,833 2,697,829
Interest expense 80,185 58,481 53,518
Net revenue 2,586,773 2,826,352 2,644,311
OPERATING EXPENSES      
Compensation and benefits 1,563,395 1,514,735 1,512,873
Occupancy and equipment 123,149 121,107 124,842
Marketing and business development 115,033 108,644 89,205
Technology and information services 143,739 139,693 121,671
Professional services 71,852 61,349 47,932
Fund administration and outsourced services 114,049 132,964 71,305
Amortization and other acquisition-related (benefits) costs 19,410 (15,897) 9,514
Benefit pursuant to tax receivable agreement (503) (6,495) (202,546)
Other 43,951 89,486 44,069
Total operating expenses 2,194,075 2,145,586 1,818,865
OPERATING INCOME 392,698 680,766 825,446
Provision for income taxes 94,982 148,317 565,599
NET INCOME 297,716 532,449 259,847
LESS - NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 11,216 5,324 6,264
NET INCOME ATTRIBUTABLE TO LAZARD LTD $ 286,500 $ 527,125 $ 253,583
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:      
Basic 110,189,862 119,006,531 121,573,442
Diluted 116,079,806 129,767,592 132,479,728
NET INCOME PER SHARE OF COMMON STOCK:      
Basic $ 2.57 $ 4.43 $ 2.09
Diluted $ 2.44 $ 4.06 $ 1.91
Investment Banking and Other Advisory Fees [Member]      
REVENUE      
Revenue $ 1,371,420 $ 1,554,114 $ 1,385,536
Asset Management Fees [Member]      
REVENUE      
Revenue 1,180,857 1,268,399 1,195,550
Other [Member]      
REVENUE      
Revenue $ 98,894 $ 49,193 $ 109,599