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Stock-Based Compensation Other Information (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended 15 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2015
Sep. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award          
Allocated Share-based Compensation Expense $ 66,245us-gaap_AllocatedShareBasedCompensationExpense $ 66,488us-gaap_AllocatedShareBasedCompensationExpense $ 58,983us-gaap_AllocatedShareBasedCompensationExpense    
Aggregate Cost of Awards         1,850lm_AggregateCostofAwards
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost 1,000us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1        
Rabbi trust [Domain]          
Share-based Compensation Arrangement by Share-based Payment Award          
Share-based Compensation Arrangement by Share-based Payment Award, Discount from Market Price, Purchase Date       10.00%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate
/ us-gaap_PlanNameAxis
= lm_RabbiTrustDomain
 
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number 283us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ us-gaap_PlanNameAxis
= lm_RabbiTrustDomain
    283us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ us-gaap_PlanNameAxis
= lm_RabbiTrustDomain
 
Allocated Share-based Compensation Expense $ 201us-gaap_AllocatedShareBasedCompensationExpense
/ us-gaap_PlanNameAxis
= lm_RabbiTrustDomain
$ 160us-gaap_AllocatedShareBasedCompensationExpense
/ us-gaap_PlanNameAxis
= lm_RabbiTrustDomain
$ 165us-gaap_AllocatedShareBasedCompensationExpense
/ us-gaap_PlanNameAxis
= lm_RabbiTrustDomain
   
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted 44us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
/ us-gaap_PlanNameAxis
= lm_RabbiTrustDomain
51us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
/ us-gaap_PlanNameAxis
= lm_RabbiTrustDomain
71us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
/ us-gaap_PlanNameAxis
= lm_RabbiTrustDomain
   
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value $ 45.83us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
/ us-gaap_PlanNameAxis
= lm_RabbiTrustDomain
$ 31.90us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
/ us-gaap_PlanNameAxis
= lm_RabbiTrustDomain
$ 23.07us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
/ us-gaap_PlanNameAxis
= lm_RabbiTrustDomain
$ 45.83us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
/ us-gaap_PlanNameAxis
= lm_RabbiTrustDomain
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number 660us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
/ us-gaap_PlanNameAxis
= lm_RabbiTrustDomain
672us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
/ us-gaap_PlanNameAxis
= lm_RabbiTrustDomain
726us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
/ us-gaap_PlanNameAxis
= lm_RabbiTrustDomain
660us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
/ us-gaap_PlanNameAxis
= lm_RabbiTrustDomain