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Changes in Level 3 Assets and Liabilities of CIVs (Details 5) (CIVs, Fair Value, Inputs, Level 3 [Member], USD $)
In Thousands, unless otherwise specified
12 Months Ended
Mar. 31, 2015
Mar. 31, 2014
ASSETS:    
Assets measured at fair value using significant unobservable inputs, value at beginning of period $ 49,698us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue $ 46,430us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
Purchases 7,307us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases 5,327us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
Sales (8,885)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales (8,037)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
Redemptions/Settlements/Other (34,042)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements 0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
Transfers, Net 78us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet 0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
Realized and unrealized gains/(losses), net (63)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1 5,978us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
Assets measured at fair value using significant unobservable inputs, value at end of period 14,093us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue 49,698us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
Fair Value Disclosures [Abstract]    
Total realized and unrealized gains (losses), net (63)us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings 1,587us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
Unrealized gains (losses) on Level 3 assets and liabilities still held at the reporting date (79)us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss (2,284)us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
Hedge Funds    
ASSETS:    
Assets measured at fair value using significant unobservable inputs, value at beginning of period 17,888us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_HedgeFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
19,448us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_HedgeFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
Purchases 2,580us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_HedgeFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
3,516us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_HedgeFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
Sales (5,761)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_HedgeFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
(8,037)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_HedgeFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
Redemptions/Settlements/Other 0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_HedgeFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_HedgeFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
Transfers, Net 78us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_HedgeFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_HedgeFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
Realized and unrealized gains/(losses), net (692)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_HedgeFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
2,961us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_HedgeFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
Assets measured at fair value using significant unobservable inputs, value at end of period 14,093us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_HedgeFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
17,888us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_HedgeFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
Private Equity Funds    
ASSETS:    
Assets measured at fair value using significant unobservable inputs, value at beginning of period 31,810us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_PrivateEquityFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
26,982us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_PrivateEquityFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
Purchases 4,727us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_PrivateEquityFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
1,811us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_PrivateEquityFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
Sales (3,124)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_PrivateEquityFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_PrivateEquityFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
Redemptions/Settlements/Other (34,042)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_PrivateEquityFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_PrivateEquityFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
Transfers, Net 0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_PrivateEquityFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_PrivateEquityFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
Realized and unrealized gains/(losses), net 629us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_PrivateEquityFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
3,017us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_PrivateEquityFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
Assets measured at fair value using significant unobservable inputs, value at end of period 0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_PrivateEquityFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
31,810us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_PrivateEquityFundsMember
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
Collateralized Debt Obligations [Member]    
LIABILITIES:    
Liabilities measured at fair value using significant unobservable inputs, value at beginning of period (79,179)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_CollateralizedDebtObligationsMember
(207,835)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_CollateralizedDebtObligationsMember
Purchases 0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_CollateralizedDebtObligationsMember
0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_CollateralizedDebtObligationsMember
Sales 0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_CollateralizedDebtObligationsMember
0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_CollateralizedDebtObligationsMember
Redemptions/Settlements/Other 79,179us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_CollateralizedDebtObligationsMember
133,047us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_CollateralizedDebtObligationsMember
Transfers, Net 0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_CollateralizedDebtObligationsMember
0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_CollateralizedDebtObligationsMember
Realized and unrealized gains/(losses), net 0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_CollateralizedDebtObligationsMember
(4,391)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_CollateralizedDebtObligationsMember
Liabilities measured at fair value using significant unobservable inputs, value at end of period $ 0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_CollateralizedDebtObligationsMember
$ (79,179)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ dei_LegalEntityAxis
= lm_ConsolidatedInvestmentVehiclesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_CollateralizedDebtObligationsMember