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SEGMENT AND GEOGRAPHICAL INFORMATION
 12 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHICAL INFORMATION Segment and Geographical Information
The Company’s reportable segments, described in Note 1, were identified based on several primary factors, including: each segment operates under independent management, offers distinct services, and requires specialized expertise for service delivery. Revenues by segment represent fees earned on the various services offered within each segment. Our operating expenses are classified as employee compensation and benefits expense and non-compensation expense; revenue and headcount are the primary drivers of our operating expenses. Our employee compensation and benefits expense consists of base salary, payroll taxes, benefits, annual incentive compensation payable as cash bonus awards, deferred cash bonus awards, and the amortization of equity-based bonus awards. The balance of our operating expenses (non-compensation expense) includes costs for travel, meals and entertainment, rent, depreciation and amortization, information technology and communications, professional fees, and other operating expenses. Segment profit consists of segment revenues, less (1) direct expenses including compensation, travel, meals and entertainment, professional fees, and bad debt and (2) expenses allocated by headcount such as communications, rent, depreciation and amortization, and office expense. The corporate expense category includes costs not allocated to individual segments, including charges related to incentive compensation and share-based payments to corporate employees, as well as expenses of senior management and corporate departmental functions managed on a worldwide basis, including office of the executives, accounting, human capital, marketing, information technology, and legal and compliance. The following tables present information about revenues, profit and assets by segment and geography. The Company's CODM is its Chief Executive Officer. The CODM oversees the performance of the Company's three reportable segments by analyzing their financial metrics, including revenues by segment and segment profit. The financial metrics the CODM regularly receives does not include asset information and does not use segment asset information to assess performance or allocate resources. Comparable prior year information has been recast to reflect the additional disclosure of employee compensation and benefits by segment and non-compensation expense by segment.
Year Ended March 31,
202520242023
Revenues by segment
Corporate Finance$1,526,756 $1,106,826 $1,127,126 
Financial Restructuring544,478 521,984 395,733 
Financial and Valuation Advisory318,182 285,594 286,588 
Revenues2,389,416 1,914,404 1,809,447 
Employee compensation and benefits by segment (1)
Corporate Finance871,313 638,072 623,884 
Financial Restructuring289,979 282,431 238,032 
Financial and Valuation Advisory175,412 155,502 159,254 
Non-compensation expense by segment
Corporate Finance181,020 166,221 149,167 
Financial Restructuring45,193 45,437 36,083 
Financial and Valuation Advisory54,187 55,670 45,946 
Segment profit
Corporate Finance474,423 302,533 354,075 
Financial Restructuring209,306 194,116 121,618 
Financial and Valuation Advisory88,583 74,422 81,388 
Total segment profit772,312 571,071 557,081 
Corporate expenses (2)
270,768 208,210 215,343 
Operating income501,544 362,861 341,738 
Other (income)/expense, net(29,791)(27,678)17,738 
Income before provision for income taxes$531,335 $390,539 $324,000 
(1)We adjust the compensation expense for a business segment in situations where an employee residing in one business segment is performing work in another business segment where the revenues are accrued. Segment profit may vary significantly between periods depending on the levels of collaboration among the different segments.
(2)Corporate expenses represent expenses that are not allocated to individual business segments such as those related to executive management, accounting, information technology, legal and compliance, marketing, and human capital.

March 31, 2025March 31, 2024
Assets by segment
Corporate Finance$1,312,291 $1,147,432 
Financial Restructuring179,498 192,185 
Financial and Valuation Advisory207,162 170,627 
Total segment assets1,698,951 1,510,244 
Corporate assets2,120,757 1,660,515 
Total assets$3,819,708 $3,170,759 
Year Ended March 31,
202520242023
Income before provision for income taxes by geography
United States$356,072 $256,472 $222,923 
International175,263 134,067 101,077 
Income before provision for income taxes$531,335 $390,539 $324,000 
Year Ended March 31,
202520242023
Revenues by geography:
United States$1,702,163 $1,344,305 $1,289,365 
International687,253 570,099 520,082 
Revenues$2,389,416 $1,914,404 $1,809,447 

March 31, 2025March 31, 2024
Assets by geography
United States$2,439,032 $1,957,454 
International1,380,676 1,213,305 
Total assets$3,819,708 $3,170,759