Consolidated Statements of Cash Flows (Consolidated Legg Mason, Inc., USD $) In Thousands, unless otherwise specified	3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Consolidated Legg Mason, Inc.
Cash Flows from Operating Activities
Net Income (Loss)	$ 49,095	$ (12,984)
2.5% Convertible Senior Notes:
Allocation of repurchase payment	0	(216,038)
Loss on extinguishment	0	68,975
Adjustments to reconcile Net Income (Loss) to net cash provided by operations:
Depreciation and amortization	15,472	17,079
Imputed interest for 2.5% Convertible Senior Notes	0	5,839
Accretion and amortization of securities discounts and premiums, net	755	1,101
Stock-based compensation	15,334	12,734
Net (gains) losses on investments	1,511	4,628
Net losses (gains) of consolidated investment vehicles	(1,823)	4,913
Deferred income taxes	28,808	(8,659)
Other	1,386	549
Decrease (increase) in assets:
Investment advisory and related fees receivable	15,565	22,142
Net (purchases) sales of trading and other current investments	(16,842)	67,202
Other receivables	(1,799)	5,033
Other assets	(3,760)	155
Other assets of consolidated investment vehicles	4,880	(751)
Increase (decrease) in liabilities:
Accrued compensation	(170,523)	(223,135)
Deferred compensation	(7,416)	(15,559)
Accounts payable and accrued expenses	1,208	(260)
Other liabilities	(5,340)	(20,690)
Other liabilities of consolidated investment vehicles	(4,314)	8,186
Cash Provided by (Used in) Operating Activities	(77,803)	(279,540)
Cash Flows From Investing Activities
Payments for fixed assets	(11,863)	(7,461)
Change in restricted cash	(4,639)	(408)
Purchases of investment securities	(598)	(2,225)
Proceeds from sales and maturities of investment securities	758	1,961
Purchases of investments by consolidated investment vehicles	(11,031)	(59,877)
Proceeds from sales and maturities of investments by consolidated investment vehicles	66,369	55,387
Cash Provided by (Used In) Investing Activities	38,996	(12,623)
Cash Flows From Financing Activities
Repayment of short-term borrowings	0	(250,000)
Repayment of 2.5% Convertible Senior Notes, net of operating allocation	0	(1,040,212)
Repayment of long-term debt	(50,220)	(425)
Proceeds from issuance of long-term debt	0	1,143,246
Debt issuance costs	0	(8,498)
Issuance of common stock	8,665	729
Repurchase of common stock	(102,926)	(162,642)
Dividends paid	(14,114)	(11,178)
Repayment of principal on long-term debt on Consolidated Investment Vehicles	(54,289)	0
Net (redemptions/distributions paid to)/subscriptions received from noncontrolling interest holders	(1,409)	(1,868)
Cash Used In Financing Activities	(214,293)	(330,848)
Effect of Exchange Rate Changes on Cash	(12,656)	(1,368)
Net Increase (Decrease) in Cash and Cash Equivalents	(265,756)	(624,379)
Cash and Cash Equivalents at Beginning of Period	933,036	1,382,263
Cash and Cash Equivalents at End of Period	$ 667,280	$ 757,884