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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUE      
Interest income $ 42,022 $ 29,457 $ 5,551
Other 89,588 40,602 127,171
Total revenue 2,593,162 2,855,093 3,273,816
Interest expense 77,673 81,522 80,768
Net revenue 2,515,489 2,773,571 3,193,048
OPERATING EXPENSES      
Compensation and benefits 1,946,010 1,656,451 1,895,859
Occupancy and equipment 131,117 122,251 128,040
Marketing and business development 99,357 83,103 42,755
Technology and information services 189,670 171,702 146,765
Professional services 89,308 69,535 77,702
Fund administration and outsourced services 110,878 109,978 130,502
Amortization and other acquisition-related costs 334 60 60
Provision (benefit) pursuant to tax receivable agreement (43,894) (1,209) 2,199
Other 72,666 44,852 45,318
Total operating expenses 2,595,446 2,256,723 2,469,200
OPERATING INCOME (LOSS) (79,957) 516,848 723,848
Provision (benefit) for income taxes (22,650) 124,365 181,303
NET INCOME (LOSS) (57,307) 392,483 542,545
LESS - NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 18,172 34,966 14,481
NET INCOME (LOSS) ATTRIBUTABLE TO LAZARD LTD $ (75,479) $ 357,517 $ 528,064
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:      
Basic (in shares) 88,993,985 95,664,129 106,035,808
Diluted (in shares) 88,993,985 100,997,674 113,674,699
Earnings Per Share [Abstract]      
Basic (in usd per share) $ (0.90) $ 3.68 $ 4.90
Diluted (in usd per share) $ (0.90) $ 3.51 $ 4.63
Investment banking and other advisory fees      
REVENUE      
Revenue $ 1,383,799 $ 1,659,079 $ 1,786,472
Asset management fees      
REVENUE      
Revenue $ 1,077,753 $ 1,125,955 $ 1,354,622