Business Segment Information

12 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Business Segment Information

16. BUSINESS SEGMENT INFORMATION

Legg Mason is a global asset management company that provides investment management and related services to a wide array of clients. The company operates in one reportable business segment, Global Asset Management. Global Asset Management provides investment advisory services to institutional and individual clients and to company-sponsored investment funds. The primary sources of revenue in Global Asset Management are investment advisory, distribution and administrative fees, which typically are calculated as a percentage of the AUM and vary based upon factors such as the type of underlying investment product and the type of services that are provided. In addition, performance fees may be earned under certain investment advisory contracts for exceeding performance benchmarks.

Revenues by geographic location are primarily based on the geographic location of the advisor or the domicile of fund families managed by Legg Mason.

The table below reflects our revenues and long-lived assets by geographic region as of March 31:

	2014		2013		2012
OPERATING REVENUES
United States	$	1,874,328	$	1,800,539	$	1,806,990
United Kingdom	436,542		387,966		448,863
Other International	430,887		424,145		406,721
Total	$	2,741,757	$	2,612,650	$	2,662,574
INTANGIBLE ASSETS, NET AND GOODWILL
United States	$	3,127,654	$	3,139,050	$	3,548,628
United Kingdom	879,946		895,767		1,108,297
Other International	404,696		411,910		474,986
Total	$	4,412,296	$	4,446,727	$	5,131,911