Consolidated Statements of Income (Loss) (Consolidated Legg Mason, Inc., USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Consolidated Legg Mason, Inc.
Investment advisory fees
Separate accounts	$ 191,034	$ 182,436
Funds	370,471	356,474
Performance fees	22,021	8,566
Distribution and service fees	84,879	81,623
Other	2,012	1,593
Total operating revenues	670,417	630,692
Operating Expenses
Compensation and benefits	296,111	270,262
Distribution and servicing	170,188	169,825
Communications and technology	38,399	37,630
Occupancy	26,809	30,252
Amortization of intangible assets	3,624	3,505
Other	51,752	43,141
Total operating expenses	586,883	554,615
Operating Income (Loss)	83,534	76,077
Other Non-Operating Income (Expense)
Interest income	1,639	1,936
Interest expense	(13,068)	(19,227)
Other income (expense), net, including $68,975 debt extinguishment loss in 2012	85	(72,633)
Other non-operating income (loss) of consolidated investment vehicles, net	2,697	(4,134)
Total other non-operating income (expense)	(8,647)	(94,058)
Income (loss) before income tax provision (benefit)	74,887	(17,981)
Income tax provision (benefit)	25,792	(4,997)
Net Income (Loss)	49,095	(12,984)
Less: Net income (loss) attributable to noncontrolling interests	1,280	(3,526)
Net Income (Loss) Attributable to Legg Mason, Inc.	$ 47,815	$ (9,458)
Net Income (Loss) per Share Attributable to Legg Mason, Inc. Common Shareholders:
Basic (in dollars per share)		$ (0.07)
Diluted (in dollars per share)	$ 0.38	$ (0.07)
Weighted Average Number of Shares Outstanding, Basic	125,228	138,720
Weighted Average Number of Shares Outstanding, Diluted	125,412	138,720
Dividends Declared per Share (in dollars per share)	$ 0.13	$ 0.11