COST-SAVING INITIATIVES (Tables)

6 Months Ended

Jun. 30, 2024

Restructuring and Related Activities [Abstract]

Schedule of Activities Related to Cost Savings Initiatives

Expenses and losses associated with the cost-saving initiatives for the six month period ended June 30, 2024 and for the three month and six month periods ended June 30, 2023 consisted of the following:

	Six Months Ended June 30, 2024
	Financial Advisory		Asset Management		Corporate		Total
Severance and other employee    termination expenses (included    in "compensation and benefits"    expense)	$	32,773	$	11,545	$	2,292	$	46,610
Other	708		14		1,397		2,119
Total	$	33,481	$	11,559	$	3,689	$	48,729

	Three Months Ended June 30, 2023
	Financial Advisory		Asset Management		Corporate		Total
Severance and other employee    termination expenses (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
Other	522		280		1,910		2,712
Total	$	81,876	$	37,110	$	27,719	$	146,705

	Six Months Ended June 30, 2023
	Financial Advisory		Asset Management		Corporate		Total
Severance and other employee    termination expenses (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
Other	522		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, 2024 was as follows:

	Accrued Compensation and Benefits		Other		Total
Balance, January 1, 2024	$	51,346	$	952	$	52,298
Total expenses	46,610		2,119		48,729
Less:
Noncash expenses (a)	9,428		3,000		12,428
Payments and settlements	75,609		53		75,662
Balance, June 30, 2024	$	12,919	$	18	$	12,937

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(a)Noncash expenses reflected in “accrued compensation and benefits” activity principally represents accelerated amortization of deferred incentive compensation awards. Noncash expenses reflected in “other” activity principally relates to impairments of certain operating lease right-of-use assets and certain foreign exchange related losses.