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Consolidated Statements of Comprehensive Income (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2013
Other comprehensive income (loss):      
Foreign currency translation adjustment $ (51,147)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $ 37,835us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax  
Unrealized gains (losses) on investment securities:      
Unrealized holding losses, net of tax benefit of $3, $123 and $1, respectively 0us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax 114us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax  
Tax benefit on unrealized holding losses on securities 0us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax 76us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax  
Unrealized gains on reverse treasury rate lock, net of tax provision of $233 405us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax    
Tax provision for unrealized gain on reverse treasury rate lock 233us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax    
Less: Net income attributable to noncontrolling interests   (2,948)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (6,421)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Consolidated Legg Mason, Inc.      
NET INCOME 242,709us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
281,836us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
(359,748)us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
Other comprehensive income (loss):      
Foreign currency translation adjustment (88,982)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
(9,424)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
(23,945)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
Unrealized gains (losses) on investment securities:      
Unrealized holding losses, net of tax benefit of $3, $123 and $1, respectively (5)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
(184)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
(1)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
Tax benefit on unrealized holding losses on securities (3)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
(123)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
(1)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
Reclassification adjustment for losses included in net income 5us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
18us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
13us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
Net unrealized losses on investment securities 0us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
(166)us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
12us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Tax (9,595)us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
   
Unrealized gains on reverse treasury rate lock, net of tax provision of $233 405us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
0us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
0us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
Reclassification for realized gain on termination of reverse treasury rate lock, net of tax provision of $233 (405)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
0us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
0us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
Tax provision for unrealized gain on reverse treasury rate lock 233us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
0us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
0us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax (233)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
0us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
0us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
Reclassification for assets held for sale (114)us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
0us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
0us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
Total other comprehensive income (loss) (98,691)us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
(9,590)us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
(23,933)us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
COMPREHENSIVE INCOME 144,018us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
272,246us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
(383,681)us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
Less: Net income attributable to noncontrolling interests 5,629us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
(2,948)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
(6,421)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest 5,629us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
1,881us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
971us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest
/ dei_LegalEntityAxis
= lm_ConsolidatedLeggMasonDomain
Consolidated Entity Excluding Consolidated Investment Vehicles Before Eliminations [Member]      
Unrealized gains (losses) on investment securities:      
COMPREHENSIVE INCOME ATTRIBUTABLE TO LEGG MASON, INC. $ 138,389us-gaap_ComprehensiveIncomeNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedEntityExcludingConsolidatedInvestmentVehiclesBeforeEliminationsMember
$ 275,194us-gaap_ComprehensiveIncomeNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedEntityExcludingConsolidatedInvestmentVehiclesBeforeEliminationsMember
$ (377,260)us-gaap_ComprehensiveIncomeNetOfTax
/ dei_LegalEntityAxis
= lm_ConsolidatedEntityExcludingConsolidatedInvestmentVehiclesBeforeEliminationsMember