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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
REVENUE        
Interest income $ 11,543 $ 8,148 $ 35,096 $ 13,971
Other 713 4,988 40,761 (2,926)
Total revenue 543,170 746,431 1,767,399 2,123,233
Interest expense 19,252 19,687 57,931 62,051
Net revenue 523,918 726,744 1,709,468 2,061,182
OPERATING EXPENSES        
Compensation and benefits 364,605 420,937 1,386,803 1,181,608
Occupancy and equipment 33,108 30,696 97,681 91,344
Marketing and business development 20,754 19,633 72,098 56,429
Technology and information services 46,897 44,579 142,307 124,577
Professional services 20,451 15,665 66,179 48,243
Fund administration and outsourced services 27,884 27,110 83,428 85,364
Amortization and other acquisition-related costs 96 15 239 45
Benefit pursuant to tax receivable agreement 0 0 (40,435) 0
Other 14,980 9,967 53,022 29,864
Total operating expenses 528,775 568,602 1,861,322 1,617,474
OPERATING INCOME (LOSS) (4,857) 158,142 (151,854) 443,708
Provision (benefit) for income taxes (11,631) 35,350 (23,053) 108,290
NET INCOME (LOSS) 6,774 122,792 (128,801) 335,418
LESS - NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS (365) 16,995 10,245 20,265
NET INCOME (LOSS) ATTRIBUTABLE TO LAZARD LTD $ 7,139 $ 105,797 $ (139,046) $ 315,153
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:        
Basic (in shares) 89,425,900 93,275,631 88,582,468 98,161,027
Diluted (in shares) 94,309,224 98,865,156 88,582,468 103,268,378
NET INCOME (LOSS) PER SHARE OF COMMON STOCK:        
Basic (in USD per share) $ 0.07 $ 1.11 $ (1.60) $ 3.16
Diluted (in USD per share) $ 0.06 $ 1.06 $ (1.60) $ 3.03
Investment banking and other advisory fees        
REVENUE        
Revenue $ 265,314 $ 454,255 $ 892,826 $ 1,249,085
Asset management fees        
REVENUE        
Revenue $ 265,600 $ 279,040 $ 798,716 $ 863,103