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Information about Outstanding Shares of Equity (Details 1) (USD $)
In Thousands, except Share data, unless otherwise specified
1 Months Ended 12 Months Ended
May 31, 2012
May 31, 2008
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2012
Class of Stock [Line Items]          
Common Stock, Shares Authorized     500,000,000    
Preferred Stock, Shares Authorized     4,000,000    
Stock Repurchase Program, Authorized Amount $ 1,000,000        
Shares repurchased and retired, in dollars     359,996 425,475 400,266
Stock Repurchased and Retired During Period, Shares     9,677,000 16,199,000 13,597,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount     370,000    
Proceeds from Equity Units Issued   1,150,000      
Interest Percentage in Senior Notes Per Equity Unit, Issued   5.00%      
Stock Issued During Period, Shares, Conversion of Units         1,830,000
Legg Mason, Inc
         
Class of Stock [Line Items]          
Common Stock, Capital Shares Reserved for Future Issuance     10,333,000 11,948,000  
Shares repurchased and retired, in dollars $ 155,000   $ 359,996 $ 425,475  
Stock Repurchased and Retired During Period, Shares       16,199,000  
2.5% convertible senior notes
         
Class of Stock [Line Items]          
Class of Warrant or Right, Number of Securities Called by Warrants or Rights     14,205,000