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COST-SAVING INITIATIVES
6 Months Ended
Jun. 30, 2023
Restructuring and Related Activities [Abstract]  
COST-SAVING INITIATIVES COST-SAVING INITIATIVES
The Company is conducting firm-wide cost-saving initiatives including closing certain offices over the course of 2023.
Expenses associated with the cost-saving initiatives for the three month and six month periods ended June 30, 2023 consisted of the following:
Three Months Ended June 30, 2023
Financial AdvisoryAsset ManagementCorporateTotal
Severance and other employee
   termination costs (included
   in "compensation and benefits"
   expense)
$81,266 $29,533 $25,809 $136,608 
Technology asset impairments
   (included in "technology and
   information services")
88 7,297 7,385 
Other522 280 1,910 2,712 
Total$81,876 $37,110 $27,719 $146,705 

Six Months Ended June 30, 2023
Financial AdvisoryAsset ManagementCorporateTotal
Severance and other employee
   termination costs (included
   in "compensation and benefits"
   expense)
$90,043 $40,768 $26,537 $157,348 
Technology asset impairments
   (included in "technology and
   information services")
88 7,297 7,385 
Other522 280 1,910 2,712 
Total$90,653 $48,345 $28,447 $167,445 

Activity related to the obligations pursuant to the cost-saving initiatives during the six month period ended June 30, 2023 was as follows:
Accrued Compensation and BenefitsOther Total
Balance, January 1, 2023$$$
Total expenses157,348 10,097 167,445 
Less:
Noncash expenses (a)28,481 7,490 35,971 
Payments46,052 1,535 47,587 
Balance, June 30, 2023$82,815 $1,072 $83,887