Lazard 10-K23 Feb 232022 FY Annual reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2022	Jan. 27, 2023	Jun. 30, 2022
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Registrant Name	LAZARD GROUP LLC
Entity Central Index Key	0001326141
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	Yes
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity File Number	333-126751
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	51-0278097
Entity Common Stock, Shares Outstanding		0
Entity Public Float			$ 0
Document Annual Report	true
Document Transition Report	false
Entity Address, Address Line One	30 Rockefeller Plaza
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address Postal Zip Code	10112
City Area Code	212
Local Phone Number	632-6000
ICFR Auditor Attestation Flag	true
Auditor Name	Deloitte & Touche LLP
Auditor Firm ID	34
Auditor Location	New York, New York USA
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE None.
Subsidiaries of Lazard Ltd [Member]
Document Information [Line Items]
Managing Membership Interests Outstanding		2

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Dec. 31, 2022		Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 1,180,473		$ 1,435,576
Deposits with banks and short-term investments	779,246		1,347,544
Restricted cash	625,381		617,448
Receivables (net of allowance for credit losses of $17,737 and $33,955 at December 31, 2022 and 2021, respectively):
Fees	491,861		669,355
Customers and other	160,898		136,345
Lazard Ltd subsidiaries	74,005		58,597
Total receivables, net	726,764		864,297
Investments	698,977		1,007,339
Property (net of accumulated amortization and depreciation of $393,595 and $366,215 at December 31, 2022 and 2021, respectively)	250,037		249,648
Operating lease right-of-use assets	430,665		465,903
Goodwill and other intangible assets (net of accumulated amortization of $67,621 and $67,561 at December 31, 2022 and 2021, respectively)	356,459		357,337
Deferred tax assets	37,601		31,926
Other assets	376,196		363,364
Total Assets	5,461,799		6,740,382
Liabilities:
Deposits and other customer payables	921,834		1,442,701
Accrued compensation and benefits	733,460		968,766
Operating lease liabilities	512,730		552,345
Senior debt	1,687,714		1,685,227
Payable to Lazard Ltd subsidiaries	20,189		17,947
Deferred tax liabilities	3,920		1,827
Other liabilities	531,968		622,103
Total Liabilities	4,411,815		5,290,916
Commitments and contingencies
Redeemable noncontrolling interests	583,471		575,000
MEMBERS’ EQUITY
Members' equity (net of 26,774,550 and 12,006,477 shares of Lazard Ltd Class A common stock, at a cost of $993,065 and $506,587 at December 31, 2022 and 2021, respectively)	638,956		984,807
Accumulated other comprehensive loss, net of tax	(280,587)		(209,037)
Total Lazard Group LLC Members' Equity	358,369		775,770
Noncontrolling interests	108,144		98,696
Total Members’ Equity	466,513	[1]	874,466	[2]
Total Liabilities, Redeemable Noncontrolling Interests and Members’ Equity	$ 5,461,799		$ 6,740,382

[1]At December 31, 2022, in addition to profit participation interests, there were two managing member interests.[2]At December 31, 2021, in addition to profit participation interests, there were two managing member interests.

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement Of Financial Position [Abstract]
Allowance for credit losses	$ 17,737	$ 33,955
Property, accumulated amortization and depreciation	393,595	366,215
Other intangible assets, accumulated amortization	$ 67,621	$ 67,561
Lazard Ltd common stock, shares	26,774,550	12,006,477
Lazard Ltd common stock, cost	$ 993,065	$ 506,587

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
REVENUE
Interest income	$ 29,214	$ 5,609	$ 5,569
Other	40,964	158,615	105,416
Total revenue	2,844,653	3,303,778	2,645,996
Interest expense	80,364	80,569	80,456
Net revenue	2,764,289	3,223,209	2,565,540
OPERATING EXPENSES
Compensation and benefits	1,647,811	1,884,859	1,541,228
Occupancy and equipment	121,624	127,395	127,139
Marketing and business development	82,914	42,705	42,375
Technology and information services	171,478	146,572	133,346
Professional services	66,929	75,337	64,168
Fund administration and outsourced services	109,978	130,501	103,070
Amortization of intangible assets related to acquisitions	60	60	1,744
Other	42,694	45,117	38,799
Total operating expenses	2,243,488	2,452,546	2,051,869
OPERATING INCOME	520,801	770,663	513,671
Provision for income taxes	81,653	101,687	56,564
NET INCOME	439,148	668,976	457,107
LESS - NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	34,966	14,481	231
NET INCOME ATTRIBUTABLE TO LAZARD GROUP LLC	404,182	654,495	456,876
Investment Banking and Other Advisory Fees [Member]
REVENUE
Revenue	1,648,520	1,784,932	1,417,592
Asset Management Fees [Member]
REVENUE
Revenue	$ 1,125,955	$ 1,354,622	$ 1,117,419

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement Of Income And Comprehensive Income [Abstract]
NET INCOME		$ 439,148	$ 668,976	$ 457,107
Currency translation adjustments:
Currency translation adjustments before reclassification		(63,779)	(48,401)	53,931
Adjustment for items reclassified to earnings	[1]	32	(7,516)
Employee benefit plans:
Actuarial gain (loss) (net of tax expense (benefit) of $(5,437), $11,912 and $(2,040) for the years ended December 31, 2022, 2021 and 2020, respectively)		(11,955)	34,666	(3,017)
Adjustment for items reclassified to earnings (net of tax expense of $994, $1,609 and $1,476 for the years ended December 31, 2022, 2021 and 2020, respectively)		4,152	5,660	6,046
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX		(71,550)	(15,591)	56,960
COMPREHENSIVE INCOME		367,598	653,385	514,067
LESS - COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS		34,966	14,481	233
COMPREHENSIVE INCOME ATTRIBUTABLE TO LAZARD GROUP LLC		$ 332,632	$ 638,904	$ 513,834

[1] Represents currency translation losses (gains) reclassified to earnings out of AOCI associated with restructuring and closing of certain of our offices. Such amounts are included in “revenue–other” on the consolidated statements of operations.

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement Of Income And Comprehensive Income [Abstract]
Tax expense (benefit) on actuarial gain (loss), employee benefit plans	$ (5,437)	$ 11,912	$ (2,040)
Tax expense, adjustment for items reclassified to earnings, employee benefit plans	$ 994	$ 1,609	$ 1,476

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 439,148	$ 668,976	$ 457,107
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization of property	42,037	38,014	34,786
Noncash lease expense	60,420	73,865	64,566
Currency translation adjustment reclassification	32	(7,516)
Amortization of deferred expenses and share-based incentive compensation	405,125	393,056	345,458
Amortization of intangible assets related to acquisitions	60	60	1,744
Deferred tax provision	3,795	5,858	7,077
(Increase) decrease in operating assets and increase (decrease) in operating liabilities:
Receivables-net	125,522	(8,718)	(169,013)
Investments	178,025	(458,593)	(198,556)
Other assets	(46,588)	(26,826)	2,478
Accrued compensation and benefits and other liabilities	(373,318)	241,841	6,222
Net cash provided by operating activities	834,258	920,017	551,869
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property	(49,509)	(39,698)	(64,237)
Disposals of property	573	641	1,315
Other	(7,500)
Net cash used in investing activities	(56,436)	(39,057)	(62,922)
Proceeds from:
Customer deposits, net		350,868
Contributions from members		14,000
Contributions from noncontrolling interests	464	334	398
Other financing activities	50		25
Payments for:
Customer deposits, net	(373,044)		(143,046)
Distributions to noncontrolling interests	(31,911)	(11,328)	(2,851)
Purchase of Class A common stock	(691,705)	(406,149)	(95,227)
Distributions to members	(228,045)	(233,234)	(201,019)
Settlement of share-based incentive compensation in satisfaction of tax withholding requirements	(61,916)	(68,012)	(72,636)
LFI Consolidated Funds redemptions	(10,020)	(20,915)
Other financing activities	(11,035)	(8,450)	(11,962)
Net cash provided by (used in) financing activities	(1,407,162)	182,762	(526,318)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(186,128)	(161,817)	147,933
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(815,468)	901,905	110,562
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— January 1	3,400,568	2,498,663	2,388,101
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— December 31	$ 2,585,100	3,400,568	$ 2,498,663
LGAC [Member]
Proceeds from:
LGAC IPO		575,000
Payments for:
Payments of LGAC IPO underwriting fees and other offering costs		$ (9,352)

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH WITHIN THE CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION:
Cash and cash equivalents	$ 1,180,473	$ 1,435,576	$ 1,319,712
Deposits with banks and short-term investments	779,246	1,347,544	1,134,463
Restricted cash	625,381	617,448	44,488
TOTAL CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	2,585,100	3,400,568	2,498,663
Cash paid during the year for:
Interest	77,024	77,861	77,276
Income taxes, net of refunds	$ 133,381	$ 73,516	$ 40,551

Consolidated Statements of Chan

Consolidated Statements of Changes in Members' Equity and Redeemable Noncontrolling Interests - USD ($) $ in Thousands		Total	Cumulative Effect Period Of Adoption Adjustment [Member]	Cumulative Effect Period Of Adoption Adjusted Balance [Member]	Members' Equity [Member]	Members' Equity [Member] Cumulative Effect Period Of Adoption Adjustment [Member]	Members' Equity [Member] Cumulative Effect Period Of Adoption Adjusted Balance [Member]	Accumulated Other Comprehensive Income (Loss), Net of Tax [Member]	Accumulated Other Comprehensive Income (Loss), Net of Tax [Member] Cumulative Effect Period Of Adoption Adjusted Balance [Member]	Total Lazard Group Members' Equity [Member]	Total Lazard Group Members' Equity [Member] Cumulative Effect Period Of Adoption Adjustment [Member]	Total Lazard Group Members' Equity [Member] Cumulative Effect Period Of Adoption Adjusted Balance [Member]	Noncontrolling Interests [Member]	Noncontrolling Interests [Member] Cumulative Effect Period Of Adoption Adjusted Balance [Member]	Redeemable Noncontrolling Interests [Member]
Balance at Dec. 31, 2019		$ 287,326	$ (7,571)	$ 279,755	$ 469,324	$ (7,571)	$ 461,753	$ (250,404)	$ (250,404)	$ 218,920	$ (7,571)	$ 211,349	$ 68,406	$ 68,406
Comprehensive income (loss):
Net income		457,107			456,876					456,876			231
Other comprehensive income (loss) - net of tax		56,960						56,958		56,958			2
Amortization of share-based incentive compensation		218,449			218,449					218,449
Distributions to members and noncontrolling interests, net		(203,472)			(201,019)					(201,019)			(2,453)
Purchase of Class A common stock		(95,227)			(95,227)					(95,227)
Delivery of Class A common stock in connection with share-based incentive compensation and related tax expense (benefit)		(72,604)			(72,604)					(72,604)
Contributions from members		55,941			55,941					55,941
LFI Consolidated Funds		19,699											19,699
Other		(5,739)			(5,739)					(5,739)
Balance at Dec. 31, 2020	[1]	710,869			818,430			(193,446)		624,984			85,885
Comprehensive income (loss):
Net income		672,641			654,495					654,495			18,146		$ (3,665)
Other comprehensive income (loss) - net of tax		(15,591)						(15,591)		(15,591)
Amortization of share-based incentive compensation		233,958			233,958					233,958
Distributions to members and noncontrolling interests, net		(244,228)			(233,234)					(233,234)			(10,994)
Purchase of Class A common stock		(406,149)			(406,149)					(406,149)
Delivery of Class A common stock in connection with share-based incentive compensation and related tax expense (benefit)		(68,051)			(68,051)					(68,051)
Contributions from members		14,000			14,000					14,000
Transfer of Class A common stock to Lazard Ltd Subsidiaries		10,536			10,536					10,536
Contribution from redeemable noncontrolling interests, net															534,746
Change in redemption value of redeemable noncontrolling interests		(43,919)			(30,749)					(30,749)			(13,170)		43,919
LFI Consolidated Funds		18,832											18,832
Other		(8,432)			(8,429)					(8,429)			(3)
Balance at Dec. 31, 2021	[2]	874,466			984,807			(209,037)		775,770			98,696		575,000
Comprehensive income (loss):
Net income		425,136			404,182					404,182			20,954		14,012
Other comprehensive income (loss) - net of tax		(71,550)						(71,550)		(71,550)
Amortization of share-based incentive compensation		240,641			240,641					240,641
Distributions to members and noncontrolling interests, net		(259,492)			(228,045)					(228,045)			(31,447)
Purchase of Class A common stock		(691,705)			(691,705)					(691,705)
Delivery of Class A common stock in connection with share-based incentive compensation and related tax expense (benefit)		(61,820)			(61,820)					(61,820)
Dividend equivalents		(10,872)			(10,872)					(10,872)
Change in redemption value of redeemable noncontrolling interests		5,541			3,879					3,879			1,662		(5,541)
LFI Consolidated Funds		18,279											18,279
Other		(2,111)			(2,111)					(2,111)
Balance at Dec. 31, 2022	[3]	$ 466,513			$ 638,956			$ (280,587)		$ 358,369			$ 108,144		$ 583,471

[1]At December 31, 2020, in addition to profit participation interests, there were two managing member interests.[2]At December 31, 2021, in addition to profit participation interests, there were two managing member interests.[3]At December 31, 2022, in addition to profit participation interests, there were two managing member interests.

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Members' Equity and Redeemable Noncontrolling Interests (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement Of Stockholders Equity [Abstract]
Tax expense (benefit) related to delivery of Class A Common Stock in connection with share-based incentive compensation	$ (96)	$ 39	$ (32)

Organization and Basis of Prese

Organization and Basis of Presentation	12 Months Ended
Organization and Basis of Presentation	Dec. 31, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization and Basis of Presentation	1. ORGANIZATION AND BASIS OF PRESENTATION Organization The accompanying consolidated financial statements are those of Lazard Group LLC and its subsidiaries (collectively referred to as “Lazard Group”, “we” or the “Company”). Lazard Group is a Delaware limited liability company, which is governed by an Amended and Restated Operating Agreement dated as of February 4, 2019 (the “Operating Agreement”). Lazard Ltd, a Bermuda holding company, and its subsidiaries (collectively referred to as “Lazard Ltd”) including its indirect investment in Lazard Group, is one of the world’s preeminent financial advisory and asset management firms that specializes in crafting solutions to the complex financial and strategic challenges of our clients. We serve a diverse set of clients around the world, including corporations, governments, institutions, partnerships and individuals. Lazard Ltd indirectly held 100% Lazard Group’s principal operating activities are included in two business segments: • Financial Advisory, which offers corporate, partnership, institutional, government, sovereign and individual clients across the globe a wide array of financial advisory services regarding strategic and mergers and acquisitions (“M&A”) advisory, capital markets advisory, shareholder advisory, restructuring and capital solutions, sovereign advisory, geopolitical advisory, capital raising and placement, and other strategic advisory matters, and • Asset Management, which offers a broad range of global investment solutions and investment and wealth management services in equity and fixed income strategies, asset allocation strategies, alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries and private clients. In addition, we record selected other activities in our Corporate segment, including management of cash, investments, deferred tax assets, outstanding indebtedness, certain contingent obligations, and certain assets and liabilities associated with (i) Lazard Group’s Paris-based subsidiary, Lazard Frères Banque SA (“LFB”), and (ii) a special purpose acquisition company sponsored by an affiliate of the Company, Lazard Growth Acquisition Corp. I (“LGAC”). Basis of Presentation The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company’s policy is to consolidate entities in which it has a controlling financial interest. The Company consolidates: • Voting interest entities (“VOEs”) where the Company holds a majority of the voting interest in such VOEs, and • Variable interest entities (“VIEs”) where the Company is the primary beneficiary having the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and the obligation to absorb losses of, or receive benefits from, the VIE that could be potentially significant to the VIE (see Note 21). When the Company does not have a controlling interest in an entity, but exerts significant influence over such entity’s operating and financial decisions, the Company either (i) applies the equity method of accounting in which it records a proportionate sha re of the entity’s net earnings or (ii) elects the option to measure its investment at fair value . Intercompany transactions and balances have been eliminated. The consolidated financial statements include Lazard Group and Lazard Group’s principal operating subsidiaries: Lazard Frères & Co. LLC (“LFNY”), a New York limited liability company, along with its subsidiaries, including Lazard Asset Management LLC and its subsidiaries (collectively referred to as “LAM”); the French limited liability companies Compagnie Financière Lazard Frères SAS (“CFLF”), along with its subsidiaries, LFB and Lazard Frères Gestion SAS (“LFG”), and Maison Lazard SAS and its subsidiaries; and Lazard & Co., Limited (“LCL”), through Lazard & Co., Holdings Limited (“LCH”), an English private limited company, together with their jointly owned affiliates and subsidiaries. Lazard Growth Acquisition Corp. I In February 2021, LGAC consummated its $575,000 initial public offering (the “LGAC IPO”). LGAC is a special purpose acquisition company, incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (a “Business Combination”). LGACo 1 LLC, a Delaware series limited liability company and the Company’s subsidiary, is the sponsor of LGAC. LGAC is considered to be a VIE. The Company holds a controlling financial interest in LGAC through the sponsor’s ownership of Class B founder shares of LGAC. As a result, both LGAC and the sponsor are consolidated in the Company’s financial statements. The proceeds from the LGAC IPO of $575,000 are held in a trust account , until the earlier of: (i) the completion of a Business Combination and (ii) the distribution of the funds in the trust account to the LGAC shareholders in connection with the redemption of LGAC’s Class A ordinary shares, subject to certain conditions. Transaction costs, which consisted of a net underwriting fee of $8,500, $20,125 of non-cash deferred underwriting fees (included in “other liabilities” on the consolidated statements of financial condition) and $852 of other offering costs, were charged against the gross proceeds of the LGAC IPO, consistent with SEC Staff Accounting Bulletin (SAB) Topic 5. “Redeemable noncontrolling interests” of $583,471 associated with the publicly held LGAC Class A ordinary shares are recorded on the Company’s consolidated statements of financial condition as of December 31, 2022 at redemption value and classified as temporary equity in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity”. Changes in redemption value are recognized immediately as they occur and will adjust the carrying value of redeemable noncontrolling interests to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of redeemable noncontrolling interests shall be affected by credits or charges to additional paid-in-capital and noncontrolling interests attributable to certain members of LGACo 1 LLC based on pro rata ownership. The warrants exercisable for LGAC Class A ordinary shares that were issued in connection with the LGAC IPO (the “LGAC Warrants”) meet the definition of a liability under FASB ASC Topic 815 and are classified as derivative liabilities which are remeasured at fair value at each balance sheet date until exercised, with changes in fair value reported to earnings. See Note 7. LGAC redeemed all of its outstanding publicly held Class A ordinary shares, effective on or about February 23, 2023, because LGAC did not consummate a Business Combination within the time period required by its amended and restated memorandum and articles of association. There will be no redemption rights or liquidating distributions with respect to the LGAC warrants.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
Significant Accounting Policies	Dec. 31, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	2. SIGNIFICANT ACCOUNTING POLICIES The accounting policies below relate to reported amounts and disclosures in the consolidated financial statements. Foreign Currency Translation— The consolidated financial statements are presented in U.S. Dollars. Many of the Company’s non-U.S. subsidiaries have a functional currency ( i.e. , the currency in which operational activities are primarily conducted) that is other than the U.S. Dollar, generally the currency of the country in which such subsidiaries are domiciled. Such subsidiaries’ assets and liabilities are translated into U.S. Dollars at year-end exchange rates, while revenue and expenses are translated at average exchange rates during the year based on the daily closing exchange rates. Adjustments that result from translating amounts from a subsidiary’s functional currency to U.S. Dollars are reported in “accumulated other comprehensive income (loss), net of tax” (“AOCI”). Foreign currency remeasurement gains and losses on transactions in non-functional currencies are included on the consolidated statements of operations. Foreign currency remeasurement gains (losses), net of gains and losses from forward foreign currency exchange rate contracts (see Note 7) amounted to $778, $(952) and $(904) for the years ended December 31, 2022, 2021 and 2020, respectively, and are included in “revenue-other” on the respective consolidated statements of operations. Use of Estimates— The preparation of consolidated financial statements in conformity with U.S. GAAP requires the use of management’s estimates. In preparing the consolidated financial statements, management makes estimates and assumptions regarding: • valuations of assets and liabilities requiring fair value estimates including, but not limited to, investments, derivatives and assumptions used to value pension and other post-retirement plans; • the assessment of probability with respect to recognizing revenue; • the discount rate used to measure operating lease right-of-use assets and operating lease liabilities; • the adequacy of the allowance for credit losses; • the realization of deferred tax assets and adequacy of tax reserves for uncertain tax positions; • the outcome of litigation; • the carrying amount of goodwill and other intangible assets; • the vesting of share-based and other deferred compensation plan awards; and • other matters that affect the reported amounts and disclosure of contingencies in the consolidated financial statements. Estimates, by their nature, are based on judgment and available information. Therefore, actual results could differ from those estimates and could have a material impact on the consolidated financial statements. Cash and Cash Equivalents— The Company defines cash equivalents as short-term, highly liquid securities and cash deposits with original maturities of 90 days or less when purchased. Deposits with Banks and Short-Term Investments— Represents LFB’s short-term deposits, including with the Banque de France and amounts placed by LFB in short-term, highly liquid securities with original maturities of 90 days or less when purchased. The level of these deposits and investments may be driven by the level of LFB demand deposits (which can fluctuate significantly on a daily basis) and by changes in asset allocation. Restricted Cash— Primarily represents LGAC restricted cash (see Note 1) and other restricted cash deposits made by the Company, including those to satisfy the requirements of clearing organizations. Receivables and Allowance for Credit Losses— The Company’s receivables represent fee receivables, amounts due from customers and other receivables. The fee receivables are generally due within 60 days from the date of invoice, except as related to certain Restructuring services and certain Capital Raising activities, specifically Private Capital Advisory services, which have fee receivables due upon specified contractual payment terms. For customer loans within customers and other receivables, the Company has elected to apply the practical expedient, in accordance with the current expected credit losses (“CECL”) guidance for financial assets with collateral maintenance provisions, which generally results in no expected credit losses given that these loans are maintained with collateral having a fair value in excess of the carrying amount of the loans. Receivables are stated net of an estimated allowance for credit losses determined in accordance with the CECL model, for general credit risk of the overall portfolio and for specific accounts deemed uncollectible, which may include situations where a fee is in dispute. For fee receivables, the allowance for credit losses is determined together for all Financial Advisory fees, except for Private Capital Advisory given the different nature of the business, client composition, and risk characteristics. An allowance for credit losses is determined separately for Private Capital Advisory. In addition, a separate allowance for credit losses is determined for all Asset Management fees. The allowance is measured by the application of an average charge-off rate, determined annually based on historical bad debt charge-off experience, to the fee receivable balance of the respective services, adjusted for the specific allowance recognized based on current conditions of individual clients. The current conditions are considered on a quarterly basis and include the aging of the receivables, the client’s ability to make payments, and the Company’s relationship with the client. In addition, the Company also performs a qualitative assessment on a quarterly basis to monitor economic factors and other uncertainties that may require additional adjustment to the expected credit losses allowance. Financial Advisory and Asset Management fee receivables are generally deemed past due when they are outstanding 60 days from the date of invoice, except for certain transactions that include specific contractual payment terms that may vary from approximately one month to four years following the invoice date (as is the case for certain Private Capital Advisory fees) or may be subject to court approval (as is the case with Restructuring activities that include bankruptcy proceedings). In such cases, receivables are deemed past due when payment is not received by the agreed-upon contractual date or the court approval date, respectively. Financial Advisory and Asset Management fee receivables past due in excess of 180 days and 10 months, respectively, are generally fully provided for unless there is evidence that the balance is collectible. Notwithstanding our policy for receivables past due, any specific receivables that are deemed uncollectible result in specific reserves against such exposures. See Note 4 for additional information regarding the Company’s receivables and allowance for credit losses. Investments— Investments in debt and marketable equity securities held either directly, or indirectly through asset management funds, at the Company’s broker-dealer and non broker-dealer subsidiaries are accounted for at fair value, with any increase or decrease in fair value recorded in earnings. Such amounts are reflected in “revenue-other” in the consolidated statements of operations. Investments also include interests in alternative investment funds and private equity funds, each accounted for at fair value , and investments accounted for under the equity method of accounting . Any increases or decreases in the carrying value of the investments accounted for at fair value and the Company’s share of net income or losses pertaining to its equity method investments are reflected in “revenue-other” in the consolidated statements of operations. Additionally, equity method investments are tested for impairment annually, or more frequently if circumstances indicate impairment may have occurred . Dividend income is reflected in “revenue-other” in the consolidated statements of operations. Securities transactions and the related revenue and expenses are recorded on a “trade date” basis. See Notes 5 and 6 for additional information regarding the Company’s investments. Property-net— Property is stated at cost less accumulated depreciation and amortization. Buildings are depreciated on a straight-line basis over their estimated useful lives. Leasehold improvements are capitalized and are amortized over the lesser of the economic useful life of the improvement or the term of the lease. Depreciation of furniture and equipment, including computer hardware and software, is determined on a straight-line basis using estimated useful lives. Depreciation and amortization expenses aggregating $42,037, $38,014 and $34,786 for the years ended December 31, 2022, 2021 and 2020, respectively, are included on the consolidated statements of operations in “occupancy and equipment” or “technology and information services”, depending on the nature of the underlying asset. Repairs and maintenance are expensed as incurred. Operating Lease Right-of-use Assets and Operating Lease Liabilities— The Company determines if an arrangement is, or contains, a lease at its inception and reevaluates the arrangement if the terms are modified. Operating lease right-of-use assets (“ROU assets”) represent the right to use an underlying asset for the lease term and operating lease liabilities reflect the obligation to make lease payments arising from the lease. At any given time during the lease term, the operating lease liability represents the present value of the remaining lease payments and the operating lease ROU asset is measured at the amount of the lease liability, adjusted for rent prepayments, unamortized initial direct costs and the remaining balance of lease incentives received. Both the operating lease ROU asset and the operating lease liability are reduced to zero at the end of the lease. See Note 9 for additional information regarding the Company’s ROU assets and operating lease liabilities. Goodwill and Other Intangible Assets— As goodwill has an indefinite life, it is required to be tested for impairment annually, or more frequently if circumstances indicate impairment may have occurred. The Company performs a qualitative evaluation about whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount in lieu of actually calculating the fair value of the reporting unit. Intangible assets that are not deemed to have an indefinite life are amortized over their estimated useful lives and are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. The pattern of amortization reflects the timing of the realization of the economic benefits of such intangible assets. For acquired customer contracts, the period of realization is deemed to be the period when the related revenue is recognized. This analysis is performed by comparing the carrying value of the intangible asset being reviewed for impairment to the current and expected future cash flows expected to be generated from such asset on an undiscounted basis, including eventual disposition. An impairment loss would be measured for the amount by which the carrying amount of the intangible asset exceeds its fair value. See Note 10 with respect to goodwill and other intangible assets. Derivative Instruments— A derivative is typically defined as a financial instrument whose value is “derived” from underlying assets, indices or reference rates, such as a future, forward, swap, warrant or option contract, or other financial instrument with similar characteristics. Derivative contracts often involve future commitments to exchange interest payment streams or currencies based on a notional or contractual amount ( e.g. , interest rate swaps or currency forwards) or to purchase or sell other financial instruments at specified terms on a specified date ( e.g. , options to buy or sell securities or currencies). The Company enters into forward foreign currency exchange rate contracts, interest rate swaps, interest rate futures, total return swap contracts on various equity and debt indices and other derivative contracts to economically hedge exposures to fluctuations in currency exchange rates, interest rates and equity and debt prices. The Company reports its derivative instruments separately as assets and liabilities unless a legal right of set-off exists under a master netting agreement enforceable by law , in which case the Company would net the applicable assets and liabilities and related receivable and payable for net cash collateral under such contracts . The Company’s derivative instruments are recorded at their fair value, and are included in “other assets” and “other liabilities” on the consolidated statements of financial condition. Gains and losses on the Company’s derivative instruments are generally included in “interest income” and “interest expense” or “revenue-other”, depending on the nature of the underlying item, in the consolidated statements of operations. In addition to the derivative instruments described above, the Company records derivative liabilities relating to its obligations pertaining to Lazard Fund Interests (“LFI”) and other similar deferred compensation arrangements, the fair value of which is based on the value of the underlying investments, adjusted for estimated forfeitures, and is included in “accrued compensation and benefits” in the consolidated statements of financial condition. Changes in the fair value of the derivative liabilities are included in “compensation and benefits” in the consolidated statements of operations, the impact of which equally offsets the changes in the fair value of investments which are currently expected to be delivered upon settlement of LFI and other similar deferred compensation arrangements, which are reported in “revenue-other” in the consolidated statements of operations. For information regarding LFI and other similar deferred compensation arrangements, see Notes 5, 7 and 15. For information regarding LGAC Warrants that are accounted for as derivative liabilities, see Notes 1 and 7. Deposits and Other Customer Payables— Principally consists of LFB customer-related demand deposits. Securities Sold, Not Yet Purchased— Securities sold, not yet purchased represents liabilities for securities sold for which payment has been received and the obligations to deliver such securities are included within “other liabilities” in the consolidated statements of financial condition. These securities are accounted for at fair value, with any increase or decrease in fair value recorded in earnings in accordance with standard securities industry practices. Such gains and losses are reflected in “revenue-other” in the consolidated statements of operations Fair Value of Financial Assets and Liabilities— The majority of the Company’s financial assets and liabilities are recorded at fair value or at amounts that approximate fair value. Such assets and liabilities include cash and cash equivalents, deposits with banks and short-term investments, restricted cash, receivables, investments (excluding investments accounted for under the equity method of accounting), derivative instruments, deposits and other customer payables. Redeemable Noncontrolling Interests— See Note 1 for information regarding interests in LGAC classified as temporary equity. Investment Banking and Other Advisory Fees — Fees for Financial Advisory services are recorded when: (i) a contract with a client has been identified, (ii) the performance obligations in the contract have been identified, (iii) the fee or other transaction price has been determined, (iv) the fee or other transaction price has been allocated to each performance obligation in the contract, and (v) the Company has satisfied the applicable performance obligation. The expenses that are directly related to such transactions are recorded as incurred and presented within operating expenses when the Company is primarily responsible for fulfilling the promise of the arrangement. Revenues associated with the reimbursement of such expenses are recorded when the Company is contractually entitled to reimbursement and presented within investment banking and other advisory fees. Asset Management Fees —Fees for Asset Management services are primarily comprised of management fees and incentive fees. Management fees are derived from fees for investment management and other services provided to clients. Revenue is recorded in accordance with the same five criteria as Financial Advisory fees, which generally results in management fees being recorded on a daily, monthly or quarterly basis, primarily based on a percentage of client assets managed. Fees vary with the type of assets managed, with higher fees earned on equity assets, alternative investment (such as hedge fund) and private equity funds, and lower fees earned on fixed income and money market products. Expenses that are directly related to the sale or distribution of fund interests are recorded as incurred and presented within operating expenses when the Company is primarily responsible for fulfilling the promise of the arrangement. Revenues associated with the reimbursement of such expenses are recorded when the Company is contractually entitled to reimbursement and presented within asset management fees. In addition, the Company earns performance-based incentive fees on various investment products, including traditional products and alternative investment funds such as hedge funds and private equity funds. For hedge funds, incentive fees are calculated based on a specific percentage of a fund’s net appreciation, in some cases in excess of established benchmarks or thresholds. The Company records incentive fees on traditional products and hedge funds when a significant reversal in the amount of the cumulative revenue to be recognized is not probable, which is typically at the end of the relevant performance measurement period. The incentive fee measurement period is generally an annual period (unless an account is terminated during the year). The incentive fees received at the end of the measurement period are not subject to reversal or payback. Incentive fees on hedge funds generally are subject to loss carryforward provisions in which losses incurred by the hedge funds in any year are applied against certain gains realized by the hedge funds in future periods before any incentive fees can be earned. For private equity funds, incentive fees may be earned in the form of a “carried interest” if profits arising from realized investments exceed a specified threshold. Typically, such carried interest is ultimately calculated on a whole-fund or investment by investment basis and, therefore, clawback of carried interest toward the end of the life of the fund can occur. As a result, the Company recognizes incentive fees earned on our private equity funds when it is probable that a clawback will not occur. Receivables relating to asset management and incentive fees are reported in “fees receivable” on the consolidated statements of financial condition. Equity-Based Incentive Compensation Awards— Equity-based incentive compensation awards that do not require future service are expensed immediately. Equity-based compensation awards that require future service are expensed over the applicable vesting period, or requisite service period, based on the fair value of Lazard Ltd’s Class A common stock (“common stock”), the only class of common stock of Lazard Ltd outstanding, on the date of grant. Compensation expense recognized for equity-based incentive compensation is determined based on the number of awards that in the Company’s estimate are considered probable of vesting (including as a result of any applicable performance conditions). Equity-based incentive compensation is recognized in “compensation and benefits” expense. Income Taxes— Deferred income taxes reflect the net tax effects of temporary differences between the financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when such differences are expected to reverse. Such temporary differences are reflected as deferred tax assets and deferred tax liabilities on the consolidated statements of financial condition. A deferred tax asset is recognized if it is more likely than not (defined as a likelihood of greater than 50%) that a tax benefit will be accepted by the relevant taxing authority. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized and, when necessary, a valuation allowance is established. The ultimate realization of the deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences become deductible. Management considers the following possible sources of taxable income when assessing the realization of deferred tax assets: • future reversals of existing taxable temporary differences; • future taxable income exclusive of reversing temporary differences and carryforwards; • taxable income in prior carryback years; and • tax-planning strategies. The assessment regarding whether a valuation allowance is required or should be adjusted also considers all available information, including the following: • nature, frequency, magnitude and duration of any past losses and current operating results; • duration of statutory carryforward periods; • historical experience with tax attributes expiring unused; and • near-term and medium-term financial outlook. The Company records tax positions taken or expected to be taken in a tax return based upon the Company’s estimates regarding the amount that is more likely than not to be realized or paid, including in connection with the resolution of any related appeals or other legal processes. Accordingly, the Company recognizes liabilities for certain unrecognized tax benefits based on the amounts that are more likely than not to be settled with the relevant taxing authority. The Company recognizes interest and/or penalties related to unrecognized tax benefits in “provision for income taxes”. See Note 17 for additional information relating to income taxes.

Revenue Recognition

Revenue Recognition	12 Months Ended
Revenue Recognition	Dec. 31, 2022
Revenue Recognition [Abstract]
Revenue Recognition	3 . REVENUE RECOGNITION The Company disaggregates revenue based on its business segment results and believes that the following information provides a reasonable representation of how performance obligations relate to the nature, amount, timing and uncertainty of revenue and cash flows: Year Ended December 31, 2022 2021 2020 Net Revenue: Financial Advisory (a) $ 1,655,596 $ 1,794,132 $ 1,420,042 Asset Management: Management fees and other (b) $ 1,137,583 $ 1,304,582 $ 1,109,439 Incentive fees (c) 67,344 120,403 58,027 Total Asset Management $ 1,204,927 $ 1,424,985 $ 1,167,466 (a) Financial Advisory is comprised of a wide array of financial advisory services regarding M&A advisory, capital markets advisory, shareholder advisory, restructuring and capital solutions, sovereign advisory, capital raising and placement, and other strategic advisory work for clients. The benefits of these advisory services are generally transferred to the Company’s clients over time, and consideration for these advisory services typically includes transaction completion, transaction announcement and retainer fees. Retainer fees are generally fixed and recognized over the period in which the advisory services are performed. However, transaction announcement and transaction completion fees are variable and subject to constraints, and they are typically not recognized until there is an announcement date or a completion date, respectively, due to the uncertainty associated with those events. Therefore, in any given period, advisory fees recognized for certain transactions may relate to services performed in prior periods. The advisory fees that may be unrecognized as of the end of a reporting period, primarily comprised of fees associated with transaction announcements and transaction completions, generally remain unrecognized due to the uncertainty associated with those events. (b) Management fees and other is primarily comprised of management services. The benefits of these management services are transferred to the Company’s clients over time. Consideration for these management services generally includes management fees, which are based on assets under management and recognized over the period in which the management services are performed. The selling or distribution of fund interests is a separate performance obligation within management fees and other, and the benefits of such services are transferred to the Company’s clients at the point in time that such fund interests are sold or distributed. (c) Incentive fees is primarily comprised of management services. The benefits of these management services are transferred to the Company’s clients over time. Consideration for these management services is generally variable and includes performance or incentive fees. The fees allocated to these management services that are unrecognized as of the end of the reporting period are generally amounts that are subject to constraints due to the uncertainty associated with performance targets and clawbacks. In addition to the above, contracts with clients include trade-based commission income, which is recognized at the point in time of execution and presented within other revenue. Such income may be earned by providing trade facilitation, execution, clearance and settlement, custody, and trade administration services to clients. With regard to the disclosure requirement for remaining performance obligations, the Company elected the practical expedients permitted in the guidance to (i) exclude contracts with a duration of one year or less; and (ii) exclude variable consideration, such as transaction completion and transaction announcement fees, that is allocated entirely to unsatisfied performance obligations. Excluded variable consideration typically relates to contracts with a duration of one year or less, and is generally constrained due to uncertainties. Therefore, when applying the practical expedients, amounts related to remaining performance obligations are not material to the Company’s financial statements.

Receivables and Allowance for C

Receivables and Allowance for Credit Losses	12 Months Ended
Receivables and Allowance for Credit Losses	Dec. 31, 2022
Receivables [Abstract]
Receivables and Allowance for Credit Losses	4 . RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES The Company’s receivables represent fee receivables, amounts due from customers and other receivables and amounts due from Lazard Ltd subsidiaries. Where applicable, receivables are stated net of an estimated allowance for credit losses determined in accordance with the CECL model, for general credit risk of the overall portfolio and for specific accounts deemed uncollectible, which may include situations where a fee is in dispute. Activity in the allowance for credit losses for the years ended December 31, 2022, 2021 and 2020 was as follows: Year Ended December 31, 2022 2021 2020 Beginning Balance $ 33,955 $ 36,649 $ 27,130 Adjustment for adoption of new accounting guidance - - 7,571 Bad debt expense, net of reversals 1,769 3,805 3,995 Charge-offs, foreign currency translation and other adjustments (17,987 ) (6,499 ) (2,047 ) Ending Balance $ 17,737 $ 33,955 $ 36,649 Bad debt expense, net of reversals represents the current period provision of expected credit losses and is included in “operating expenses–other” on the consolidated statements of operations. Of the Company’s fee receivables at December 31, 2022 and 2021, $97,964 and $123,189, respectively, represented financing receivables for our Private Capital Advisory fees. At December 31, 2022 and 2021, customers and other receivables included $128,890 and $122,229, respectively, of customer loans, which are fully collateralized and closely monitored for counterparty creditworthiness, with such collateral having a fair value in excess of the carrying amount of the loans as of December 31, 2022 and 2021. The aggregate carrying amount of other fees and customers and other receivables and amounts due from Lazard Ltd subsidiaries was $499,910 and $618,879 at December 31, 2022 and 2021, respectively. The allowance for credit losses is substantially all related to M&A and Restructuring fee receivables.

Investments

Investments	12 Months Ended
Investments	Dec. 31, 2022
Schedule Of Investments [Abstract]
Investments	5 . INVESTMENTS The Company’s investments and securities sold, not yet purchased, consist of the following at December 31, 2022 and 2021: December 31, 2022 2021 Debt $ - $ 299,990 Equities 43,889 54,040 Funds: Alternative investments (a) 56,947 49,757 Debt (a) 178,556 164,952 Equity (a) 350,282 375,761 Private equity 53,822 46,589 639,607 637,059 Investments, at fair value 683,496 991,089 Equity method investments 15,481 16,250 Total investments $ 698,977 $ 1,007,339 Securities sold, not yet purchased, at fair value (included in “other liabilities”) $ 4,651 $ 6,828 (a) Interests in alternative investment funds, debt funds and equity funds include investments, including those held by LFI Consolidated Funds (see Note 21), with fair values of $24,137, $142,632 and $266,528, respectively, at December 31, 2022 and $18,326, $132,875 and $306,618, respectively, at December 31, 2021, held in order to satisfy the Company’s obligation upon vesting of previously granted LFI and other similar deferred compensation arrangements. LFI represent grants by the Company to eligible employees of actual or notional interests in a number of Lazard-managed funds, subject to service-based vesting conditions (see Notes 7 and 15). Debt primarily consists of U.S. Treasury securities with original maturities of greater than three months and less than one year. Equities primarily consist of seed investments invested in marketable equity securities of large-, mid- and small-cap domestic, international and global companies held within separately managed accounts related to our Asset Management business. Alternative investment funds primarily consist of interests in various Lazard-managed hedge funds, funds of funds and mutual funds. Such amounts primarily consist of seed investments in funds related to our Asset Management business , and amounts related to LFI discussed above. Debt funds primarily consist of seed investments in funds related to our Asset Management business that invest in debt securities, amounts related to LFI discussed above and an investment in a Lazard-managed debt fund. Equity funds primarily consist of seed investments in funds related to our Asset Management business that invest in equity securities, and amounts related to LFI discussed above. Private equity investments include those owned by Lazard and those consolidated but not owned by Lazard. Private equity investments owned by Lazard are primarily comprised of investments in private equity funds. Such investments primarily include (i) Edgewater Growth Capital Partners III, L.P. (“EGCP III”), a fund primarily making equity and buyout investments in middle market companies, (ii) a fund targeting significant noncontrolling-stake investments in established private companies and (iii) a seed investment in a fund related to our Asset Management business that invests in sustainable private infrastructure opportunities. Private equity investments consolidated but not owned by Lazard relate to the economic interests that are owned by the management team and other investors in the Edgewater Funds (“Edgewater”). Equity method investments represent certain partnership interests accounted for under the equity method of accounting. During the years ended December 31, 2022, 2021 and 2020, the Company reported in “revenue-other” on its consolidated statements of operations net unrealized investment gains and losses pertaining to equity securities and trading debt securities still held as of the reporting date as follows: Year Ended December 31, 2022 2021 2020 Net unrealized investment gains (losses) $ (92,793 ) $ 14,154 $ 49,719

Fair Value Measurements

Fair Value Measurements	12 Months Ended
Fair Value Measurements	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	6 . FAIR VALUE MEASUREMENTS Fair Value Hierarchy of Investments and Certain Other Assets and Liabilities —Lazard categorizes its investments and certain other assets and liabilities recorded at fair value into a three-level fair value hierarchy as follows: Level 1. Assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market that Lazard has the ability to access. Level 2. Assets and liabilities whose values are based on (i) quoted prices for similar assets or liabilities in an active market, or quoted prices for identical or similar assets or liabilities in non-active markets, or (ii) inputs other than quoted prices that are directly observable or derived principally from, or corroborated by, market data. Level 3. Assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect our own assumptions about the assumptions a market participant would use in pricing the asset or liability. Items included in Level 3 include securities or other financial assets whose trading volume and level of activity have significantly decreased when compared with normal market activity and there is no longer sufficient frequency or volume to provide pricing information on an ongoing basis. The fair value of debt is classified as Level 1 when the fair values are based on unadjusted quoted prices in active markets. The fair value of equities is classified as Level 1 or Level 3 as follows: marketable equity securities are classified as Level 1 and are valued based on the last trade price on the primary exchange for that security as provided by external pri cing services; equity interests in private companies are generally classified as Level 3. The fair value of investments in alternative investment funds, debt funds and equity funds is classified as Level 1 when the fair values are based on the publicly reported closing price for the fund. The fair value of investments in certain private equity funds is classified as Level 3 for (i) certain investments that are valued based on the potential transaction value and (ii) when the acquisition price is considered the best measure of fair value. The fair value of securities sold, not yet purchased, is classified as Level 1 when the fair values are based on unadjusted quoted prices in active markets. The fair value of derivatives entered into by the Company and classified as Level 1 is based on the listed market price of such instruments. The fair value of derivatives entered into by the Company and classified as Level 2 is based on the values of the related underlying assets, indices or reference rates as follows: the fair value of forward foreign currency exchange rate contracts is a function of the spot rate and the interest rate differential of the two currencies from the trade date to settlement date; the fair value of total return swaps is based on the change in fair value of the related underlying equity security, financial instrument or index and a specified notional holding; the fair value of interest rate swaps is based on the interest rate yield curve; and the fair value of derivative liabilities related to LFI and other similar deferred compensation arrangements is based on the value of the underlying investments, adjusted for forfeitures. The fair value of derivatives entered into by the Company and classified as Level 3 is based on a Black-Scholes valuation model that utilizes both observable and unobservable inputs. Unobservable inputs include model adjustments for valuation uncertainty. See Note 7. Investments Measured at Net Asset Value (“NAV”) —As a practical expedient, the Company uses NAV or its equivalent to measure the fair value of certain investments. NAV is primarily determined based on information provided by external fund administrators. The Company’s investments valued at NAV as a practical expedient in (i) alternative investment funds, debt funds and equity funds are redeemable in the near term, and (ii) private equity funds are not redeemable in the near term as a result of redemption restrictions. The following tables present, as of December 31, 2022 and 2021, the classification of (i) investments and certain other assets and liabilities measured at fair value on a recurring basis within the fair value hierarchy and (ii) investments measured at NAV or its equivalent as a practical expedient: December 31, 2022 Level 1 Level 2 Level 3 NAV Total Assets: Investments: Equities $ 43,243 $ - $ 646 $ - $ 43,889 Funds: Alternative investments 27,073 - - 29,874 56,947 Debt 178,552 - - 4 178,556 Equity 350,242 - - 40 350,282 Private equity - - 18,772 35,050 53,822 Derivatives - 14,554 - - 14,554 Total $ 599,110 $ 14,554 $ 19,418 $ 64,968 $ 698,050 Liabilities: Securities sold, not yet purchased $ 4,651 $ - $ - $ - $ 4,651 Derivatives 115 327,045 - - 327,160 Total $ 4,766 $ 327,045 $ - $ - $ 331,811 December 31, 2021 Level 1 Level 2 Level 3 NAV Total Assets: Investments: Debt $ 299,990 $ - $ - $ - $ 299,990 Equities 53,462 - 578 - 54,040 Funds: Alternative investments 24,972 - - 24,785 49,757 Debt 164,947 - - 5 164,952 Equity 375,712 - - 49 375,761 Private equity - - 293 46,296 46,589 Derivatives - 922 - - 922 Total $ 919,083 $ 922 $ 871 $ 71,135 $ 992,011 Liabilities: Securities sold, not yet purchased $ 6,828 $ - $ - $ - $ 6,828 Derivatives 10,005 362,240 - - 372,245 Total $ 16,833 $ 362,240 $ - $ - $ 379,073 The following tables provide a summary of changes in fair value of the Company’s Level 3 assets and liabilities for the years ended December 31, 2022, 2021 and 2020: Year Ended December 31, 2022 Beginning Balance Net Realized Gains/Losses Included In Earnings (a) Purchases/ Issuances Sales/ Settlements Foreign Currency Translation Adjustments Ending Balance Assets: Investments: Equities $ 578 $ 99 $ - $ - $ (31 ) $ 646 Private equity funds 293 - 18,000 (13 ) 492 18,772 Total Level 3 assets $ 871 $ 99 $ 18,000 $ (13 ) $ 461 $ 19,418 Year Ended December 31, 2021 Beginning Balance Net Unrealized/ Realized Gains/Losses Included In Earnings (a) Purchases/ Issuances Sales/ Settlements/ Transfers (b) Foreign Currency Translation Adjustments Ending Balance Assets: Investments: Equities $ 1,671 $ (796 ) $ - $ (235 ) $ (62 ) $ 578 Private equity funds 1,486 951 - (2,121 ) (23 ) 293 Total Level 3 assets $ 3,157 $ 155 $ - $ (2,356 ) $ (85 ) $ 871 Liabilities: Derivatives $ - $ - $ 11,500 $ (11,500 ) $ - $ - Total Level 3 liabilities $ - $ - $ 11,500 $ (11,500 ) $ - $ - Year Ended December 31, 2020 Beginning Balance Net Unrealized/ Realized Gains/Losses Included In Earnings (a) Purchases/ Issuances Sales/ Settlements Foreign Currency Translation Adjustments Ending Balance Assets: Investments: Equities $ 1,600 $ 73 $ - $ - $ (2 ) $ 1,671 Private equity funds 1,371 (190 ) 299 - 6 1,486 Total Level 3 assets $ 2,971 $ (117 ) $ 299 $ - $ 4 $ 3,157 (a) Earnings recorded in “other revenue” for investments in Level 3 assets for the years ended December 31, 2022, 2021 and 2020 include net unrealized gains (losses) of $99, $155 and $(117), respectively. (b) Transfers out of Level 3 private equity funds during the year ended December 31, 2021 reflect investments valued at NAV as of December 31, 2021. Transfers out of Level 3 derivatives during the year ended December 31, 2021 reflected transfers of derivative liabilities for LGAC Warrants to Level 1 principally due to a change in the inputs used to value these derivatives. There were no other transfers into or out of Level 3 within the fair value hierarchy during the years ended December 31, 2022, 2021 and 2020. Financial Instruments Not Measured at Fair Value— The tables below present the carrying value, fair value and fair value hierarchy category of certain financial instruments as of December 31, 2022 and 2021 that are not measured at fair value in the Company’s consolidated statement of financial condition. December 31, 2022 Fair Value Measurements Using: Carrying Value Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial Assets: Cash and cash equivalents $ 1,180,473 $ 1,180,473 $ 1,180,473 $ - $ - Deposits with banks and short-term investments 779,246 779,246 779,246 - - Restricted cash 625,381 625,381 625,381 - - Financing receivables 97,964 98,362 - - 98,362 Customer loans 128,890 128,890 - - 128,890 Other fees and customers and other receivables and amounts due from Lazard Ltd subsidiaries 499,910 499,910 499,910 - - Financial Liabilities: Deposits and other customer payables $ 921,834 $ 921,834 $ 921,834 $ - $ - Senior debt 1,687,714 1,601,917 - 1,601,917 - December 31, 2021 Fair Value Measurements Using: Carrying Value Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial Assets: Cash and cash equivalents $ 1,435,576 $ 1,435,576 $ 1,435,576 $ - $ - Deposits with banks and short-term investments 1,347,544 1,347,544 1,347,544 - - Restricted cash 617,448 617,448 617,448 - - Financing receivables 123,189 125,024 - - 125,024 Customer loans 122,229 122,229 - - 122,229 Other fees and customers and other receivables and amounts due from Lazard Ltd subsidiaries 618,879 618,879 618,879 - - Financial Liabilities: Deposits and other customer payables $ 1,442,701 $ 1,442,701 $ 1,442,701 $ - $ - Senior debt 1,685,227 1,884,690 - 1,884,690 - Cash and cash equivalents are carried at either cost or amortized cost that approximates fair value due to their short-term maturities. The carrying value of deposits with banks and short-term investments, and restricted cash, approximates fair value because of the relatively short period of time between their origination and expected maturity. Fair values of financing receivables were generally determined by discounting both principal and interest cash flows expected to be collected, using a discount rate approximating current market interest rates for comparable financial instruments and based on unobservable inputs. The carrying value of customer loans approximates fair value as such loans are fully collateralized and bear interest at rates that regularly reset in accordance with market reference rates. The carrying value of other fees and customers and other receivables and amounts due from Lazard Ltd subsidiaries and deposits and other customer payables approximates fair value due to their short-term nature. The Company’s senior debt is carried at its principal balances outstanding, net of unamortized debt costs. The fair value of the Company’s senior debt is based on market quotations. The following tables present, at December 31, 2022 and 2021, certain investments that are valued using NAV or its equivalent as a practical expedient in determining fair value: December 31, 2022 Investments Redeemable Fair Value Unfunded Commitments % of Fair Value Not Redeemable Redemption Frequency Redemption Notice Period Alternative Hedge funds $ 29,259 $ - NA (a) 30-60 days Other 615 - NA (b) <30-30 days Debt funds 4 - NA (c) <30 days Equity funds 40 - NA (d) <30-60 days Private equity funds: Equity growth 35,050 5,455 (e) 100 % (f) NA NA Total $ 64,968 $ 5,455 (a) monthly (68%) and quarterly (32%) (b) daily (5%) and monthly (95%) (c ) daily (100%) (d ) monthly (35%) and annually (65%) (e ) Unfunded commitments to private equity investments consolidated but not owned by Lazard of $8,003 are excluded. Such commitments are required to be funded by capital contributions from noncontrolling interest holders. (f ) Distributions from each fund will be received as the underlying investments of the funds are liquidated. December 31, 2021 Investments Redeemable Fair Value Unfunded Commitments % of Fair Value Not Redeemable Redemption Frequency Redemption Notice Period Alternative Hedge funds $ 24,162 $ - NA (a) 30-60 days Other 623 - NA (b) <30-30 days Debt funds 5 - NA (c) <30 days Equity funds 49 - NA (d) <30-60 days Private equity funds: Equity growth 46,296 5,597 (e) 100 % (f) NA NA Total $ 71,135 $ 5,597 (a) monthly (79%) and quarterly (21%) (b) daily (8%) and monthly (92%) (c) daily (100%) (d) monthly (36%) and annually (64%) (e) Unfunded commitments to private equity investments consolidated but not owned by Lazard of $9,128 are excluded. Such commitments are required to be funded by capital contributions from noncontrolling interest holders. (f) Distributions from each fund will be received as the underlying investments of the funds are liquidated. Investment Capital Funding Commitments— At December 31, 2022, the Company’s maximum unfunded commitments for capital contributions to investment funds primarily arose from commitments to EGCP III, which amounted to $5,093. The investment period for EGCP III ended on October 12, 2016, after which point the Company’s obligation to fund capital contributions for new investments in EGCP III expired. The Company remains obligated until October 12, 2023 (or any earlier liquidation of EGCP III) to make capital contributions necessary to fund follow-on investments and to pay for fund expenses.

Derivatives

Derivatives	12 Months Ended
Derivatives	Dec. 31, 2022
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivatives	7 . DERIVATIVES The tables below present the fair value of the Company’s derivative instruments reported within “other assets” and “other liabilities” and the fair value of the Company’s derivative liabilities relating to its obligations pertaining to LFI and other similar deferred compensation arrangements reported within “accrued compensation and benefits” (see Note 15) on the accompanying consolidated statements of financial condition as of December 31, 2022 and 2021. Notional amounts provide an indication of the volume of the Company's derivative activity. Derivative assets and liabilities, as well as the related cash collateral from the same counterparty, have been netted on the consolidated statements of financial condition where the Company has obtained an appropriate legal opinion with respect to the master netting agreement. Where such a legal opinion has not been either sought or obtained, amounts are not eligible for netting on the consolidated statements of financial condition, and those derivative assets and liabilities are shown separately in the table below. In addition to the cash collateral received and transferred that is presented on a net basis with derivative assets and liabilities, the Company receives and transfers additional securities and cash collateral. These amounts mitigate counterparty credit risk associated with the Company’s derivative instruments, but are not eligible for net presentation on the consolidated statements of financial condition. December 31, 2022 Derivative Assets Derivative Liabilities Fair Value Notional Fair Value Notional Forward foreign currency exchange rate contracts $ 1,356 $ 170,103 $ 921 $ 128,098 Total return swaps and other 13,427 155,026 72 1,398 LGAC Warrants - - 115 11,500 LFI and other similar deferred compensation arrangements - - 326,282 338,126 Total gross derivatives 14,783 $ 325,129 327,390 $ 479,122 Counterparty and cash collateral netting: Forward foreign currency exchange rate contracts (157 ) (158 ) Total return swaps and other (72 ) (72 ) Net derivatives in "other assets" and "other liabilities" 14,554 327,160 Amounts not netted (a): Cash collateral - - Securities collateral - - $ 14,554 $ 327,160 December 31, 2021 Derivative Assets Derivative Liabilities Fair Value Notional Fair Value Notional Forward foreign currency exchange rate contracts $ 1,005 $ 253,059 $ 761 $ 174,550 Total return swaps and other 1,052 20,888 13,709 83,706 LGAC Warrants - - 10,005 11,500 LFI and other similar deferred compensation arrangements - - 358,877 301,478 Total gross derivatives 2,057 $ 273,947 383,352 $ 571,234 Counterparty and cash collateral netting: Forward foreign currency exchange rate contracts (83 ) (83 ) Total return swaps and other (1,052 ) (11,024 ) Net derivatives in "other assets" and "other liabilities" 922 372,245 Amounts not netted (a): Cash collateral - (2,476 ) Securities collateral - (391 ) $ 922 $ 369,378 (a) Amounts are subject to master netting arrangements but do not meet the criteria for netting on the consolidated statements of financial condition under U.S. GAAP. For some counterparties, the collateral amounts of securities and cash collateral pledged may exceed the derivative assets and derivative liabilities balances. Where this is the case, the total amount reported is limited to the net derivative assets and net derivative liabilities balances with that counterparty. Net gains (losses) with respect to derivative instruments (included in “revenue-other”) and the Company’s derivative liabilities relating to its obligations pertaining to LFI and other similar deferred compensation arrangements (included in “compensation and benefits” expense) as reflected on the accompanying consolidated statements of operations for the years ended December 31, 2022, 2021 and 2020, were as follows: Year Ended December 31, 2022 2021 2020 Forward foreign currency exchange rate contracts $ 4,721 $ 11,007 $ (8,356 ) LFI and other similar deferred compensation arrangements 44,261 (35,494 ) (40,634 ) LGAC Warrants 9,890 1,495 - Total return swaps and other 23,212 (14,460 ) (9,236 ) Total $ 82,084 $ (37,452 ) $ (58,226 ) See Note 1 for additional information on LGAC Warrants.

Property, Net

Property, Net	12 Months Ended
Property, Net	Dec. 31, 2022
Property Plant And Equipment [Abstract]
Property, Net	8 . PROPERTY, NET At December 31, 2022 and 2021, property consisted of the following: Estimated Depreciable December 31, Life in Years 2022 2021 Buildings 33 $ 135,103 $ 143,464 Leasehold improvements 3-20 207,285 208,363 Furniture and equipment 3-10 235,684 217,984 Construction in progress 65,560 46,052 Total 643,632 615,863 Less - Accumulated depreciation and amortization 393,595 366,215 Property, net $ 250,037 $ 249,648

Leases

Leases	12 Months Ended
Leases	Dec. 31, 2022
Leases [Abstract]
Leases	9 . LEASES The Company leases office space and equipment under non-cancelable lease agreements, which expire on various dates through 2033. Substantially all of these arrangements are operating leases relating to office space. Certain leases have renewal options that can be exercised at the discretion of the Company. The Company only includes renewal options in the lease term when it is reasonably certain to exercise the option. The Company does not record leases with a lease term of 12 months or less on the consolidated statements of financial condition; lease expense for these leases is recognized over the lease term on a straight-line basis. The operating lease liabilities at commencement reflect total lease payments discounted using an incremental borrowing rate (on a collateralized basis) based on the lease term (the “Discount”), as an implicit rate was not readily determinable for any of the Company’s existing operating leases. The Company determines its Discount with consideration of the Company’s public debt issuances as well as publicly available data for instruments with similar characteristics. For leases commencing on January 1, 2019 or thereafter that relate to office space and equipment, the Company accounts for the lease and non-lease components as a single lease component. In addition to rent payments, operating leases for office space generally contain payments for real estate taxes, insurance costs, common area maintenance, and utilities that are not fixed. The Company accounts for these costs as variable payments and does not include them in the lease component. There are certain office leases outside of the U.S. that have annual rent increases based on a year-over-year change in an index that are also accounted for as variable payments and are excluded from the lease component. The following table summarizes the components of operating lease expense reflected on the accompanying consolidated statements of operations for the years ended December 31, 2022, 2021 and 2020: Year Ended December 31, 2022 2021 2020 Operating lease cost $ 78,259 $ 86,023 $ 85,666 Variable lease cost 20,968 21,056 21,277 Sublease income (4,969 ) (7,303 ) (6,827 ) Total $ 94,258 $ 99,776 $ 100,116 The following table summarizes the supplemental cash flow information and certain other information related to operating leases for the years ended December 31, 2022 and 2021: Year Ended December 31, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 81,219 $ 92,051 Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 33,531 $ 36,172 Weighted average remaining lease term 9 years 10 years Weighted average discount rate 3.7 % 3.6 % Maturities of the operating lease liabilities outstanding at December 31, 2022 for each of the years in the period ending December 31, 2027 and thereafter are set forth in the table below. Year Ending December 31, 2023 $ 78,717 2024 76,249 2025 65,788 2026 58,316 2027 57,415 Thereafter 264,270 Total lease payments 600,755 Less - Discount 88,025 Operating lease liabilities $ 512,730 In addition to the table above, the Company had undiscounted future lease payments of $130,000 related to operating leases that were signed but not yet commenced as December 31, 2022. These operating leases will commence between 2023 and 2024 with lease terms up to 15 years.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
Goodwill and Other Intangible Assets	Dec. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	1 0 . GOODWILL AND OTHER INTANGIBLE ASSETS The components of goodwill and other intangible assets at December 31, 2022 and 2021 are presented below: December 2022 2021 Goodwill $ 356,369 $ 357,187 Other intangible assets (net of accumulated amortization) 90 150 $ 356,459 $ 357,337 At December 31, 2022 and 2021, goodwill of $291,828 and $292,646, respectively, was attributable to the Company’s Financial Advisory segment and, at each such respective date, $64,541 Changes in the carrying amount of goodwill for the years ended December 31, 2022, 2021 and 2020 are as follows: Year Ended December 31, 2022 2021 2020 Balance, January 1 $ 357,187 $ 361,682 $ 350,029 Foreign currency translation adjustments (818 ) (4,495 ) 11,653 Balance, December 31 $ 356,369 $ 357,187 $ 361,682 All changes in the carrying amount of goodwill for the years ended December 31, 2022, 2021 and 2020 are attributable to the Company’s Financial Advisory segment. The Company evaluates goodwill for impairment annually or more frequently if circumstances indicate that impairment may have occurred. Pursuant to the Company’s goodwill impairment review for the years ended December 31, 2022, 2021 and 2020, the Company determined that no impairment existed. Amortization expense of intangible assets, included in “amortization of intangible assets related to acquisitions” in the consolidated statements of operations, for the years ended December 31, 2022, 2021 and 2020 was $60, $60 and $1,744, respectively.

Other Assets and Other Liabilit

Other Assets and Other Liabilities	12 Months Ended
Other Assets and Other Liabilities	Dec. 31, 2022
Text Block [Abstract]
Other Assets and Other Liabilities	1 1 . OTHER ASSETS AND OTHER LIABILITIES The following table sets forth the Company’s other assets, by type, as of December 31, 2022 and 2021: December 31, 2022 2021 Current income and other tax receivables $ 55,193 $ 39,703 Prepaid compensation (see Note 15) 112,124 108,049 Other advances and prepayments 105,653 130,056 Other 103,226 85,556 Total $ 376,196 $ 363,364 The following table sets forth the Company’s other liabilities, by type, as of December 31, 2022 and 2021: December 31, 2022 2021 Accrued expenses $ 195,218 $ 196,957 Current income taxes and other taxes 110,998 166,304 Employee benefit-related liabilities 30,580 53,624 Unclaimed funds at LFB 16,435 17,443 Deferred revenue (a) 137,330 130,664 Securities sold, not yet purchased 4,651 6,828 Deferred offering costs 20,125 20,125 Other 16,631 30,158 Total $ 531,968 $ 622,103 (a) Deferred revenue primarily relates to cash received for carried interest subject to clawback and unearned advisory fees received from private equity investments. Revenue recognized during the year ended December 31, 2022 that was included in the deferred revenue balance as of December 31, 2021 was $44,840.

Senior Debt

Senior Debt	12 Months Ended
Senior Debt	Dec. 31, 2022
Debt Disclosure [Abstract]
Senior Debt	1 2 . SENIOR DEBT Senior debt is comprised of the following as of December 31, 2022 and 2021: Outstanding as of Initial Annual December 31, 2022 December 31, 2021 Principal Amount Maturity Date Interest Rate(a) Principal Unamortized Debt Costs Carrying Value Principal Unamortized Debt Costs Carrying Value Lazard Group 2025 Senior Notes $ 400,000 2/13/25 3.75 % $ 400,000 $ 1,003 $ 398,997 $ 400,000 $ 1,476 $ 398,524 Lazard Group 2027 Senior Notes 300,000 3/1/27 3.625 % 300,000 1,625 298,375 300,000 2,015 297,985 Lazard Group 2028 Senior Notes 500,000 9/19/28 4.50 % 500,000 4,864 495,136 500,000 5,716 494,284 Lazard Group 2029 Senior Notes 500,000 3/11/29 4.375 % 500,000 4,794 495,206 500,000 5,566 494,434 Total $ 1,700,000 $ 12,286 $ 1,687,714 $ 1,700,000 $ 14,773 $ 1,685,227 (a) The effective interest rates of Lazard Group’s 3.75% senior notes due February 13, 2025 (the “2025 Notes”), Lazard Group’s 3.625% senior notes due March 1, 2027 (the “2027 Notes”), Lazard Group’s 4.50% senior notes due September 19, 2028 (the “2028 Notes”) and Lazard Group’s 4.375% senior notes due March 11, 2029 (the “2029 Notes”) are 3.87%, 3.76%, 4.67% and 4.53%, respectively. On July 22, 2020, Lazard Group entered into an Amended and Restated Credit Agreement with a group of lenders for a three-year mechanics. At December 31, 2022 and 2021 , no amounts were outstanding under the Amended and Restated Credit Agreement. As of December 31, 2022, the Company had approximately $203,700 in unused lines of credit available to it, including the credit facility provided under the Amended and Restated Credit Agreement. The Amended and Restated Credit Agreement and the indenture and the supplemental indentures relating to Lazard Group’s senior notes contain certain covenants, events of default and other customary provisions, including a customary make-whole provision in the event of early redemption, where applicable. As of December 31, 2022, the Company was in compliance with such provisions. All of the Company’s senior debt obligations are unsecured. Debt maturities relating to senior borrowings outstanding at December 31, 2022 for each of the five years in the period ending December 31, 2027 and thereafter are set forth in the table below. Year Ending December 31, 2023 - 2024 $ - 2025 400,000 2026 - 2027 300,000 Thereafter 1,000,000 Total $ 1,700,000 The Company’s senior debt at December 31, 2022 and 2021 is carried at its principal balances outstanding, net of unamortized debt costs. See Note 6 for information regarding the fair value and fair value hierarchy category of the Company’s senior debt.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2022
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	1 3 . COMMITMENTS AND CONTINGENCIES Other Commitments— The Company has various other contractual commitments arising in the ordinary course of business. In addition, from time to time, LFB and LFNY may enter into underwriting commitments in which it will participate as an underwriter. At December 31, 2022, LFB and LFNY had no such underwriting commitments. See Notes 6 and 16 for information regarding commitments relating to investment capital funding commitments and obligations to fund our pension plans, respectively. In the opinion of management, the fulfillment of the commitments described herein will not have a material adverse effect on the Company’s consolidated financial position or results of operations. Legal— The Company is involved from time to time in judicial, governmental, regulatory and arbitration proceedings and inquiries concerning matters arising in connection with the conduct of our businesses, including proceedings initiated by former employees alleging wrongful termination. The Company reviews such matters on a case-by-case basis and establishes any required accrual if a loss is probable and the amount of such loss can be reasonably estimated. The Company may experience significant variation in its revenue and earnings on an annual basis. Accordingly, the results of any pending matter or matters could be significant when compared to the Company’s earnings in any particular year. The Company believes, however, based on currently available information, that the results of any pending matters, in the aggregate, will not have a material effect on its business or financial condition.

Members' Equity

Members' Equity	12 Months Ended
Members' Equity	Dec. 31, 2022
Equity [Abstract]
Members' Equity	1 4 . MEMBERS’ EQUITY Lazard Group Distributions —Distributions in respect of Lazard Group’s common membership interests are allocated to the holders of such interests in accordance with the provisions of the Operating Agreement. Such distributions primarily represent amounts necessary to fund (i) any dividends Lazard Ltd may declare on its common stock and (ii) tax distributions in respect of income taxes that Lazard Ltd’s subsidiaries incur. During the years ended December 31, 2022, 2021 and 2020, Lazard Group distributed $228,045, $233,234 and $201,019, respectively, to the subsidiaries of Lazard Ltd. In addition, in February 2022, Lazard Group distributed 1,902,756 shares of common stock to one of its managing members, which is a subsidiary of Lazard Ltd, in a non-cash transaction, in connection with the settlement of profits interest participation rights during the year ended December 31, 2022 (see Note 15). There was no impact on total members’ equity resulting from this distribution. Pursuant to Lazard Group’s Operating Agreement, Lazard Group allocates and distributes to its members a substantial portion of its distributable profits in installments as soon as practicable after the end of each fiscal year. Such installment distributions usually begin in February. Contributions From Members —See Note 18 for information regarding a related party transaction. Share Repurchase Program —During 2021 and through the year ended December 31, 2022, the Board of Directors of Lazard authorized the repurchase of common stock as set forth in the table below. Date Repurchase Authorization Expiration April 2021 $ 300,000 December 31, 2022 February 2022 $ 300,000 December 31, 2024 July 2022 $ 500,000 December 31, 2024 The Company expects that the share repurchase program will continue to be used to offset a portion of the shares that have been or will be issued under the Lazard Ltd 2008 Incentive Compensation Plan (the “2008 Plan”) and the Lazard Ltd 2018 Incentive Compensation Plan, as amended (the “2018 Plan”). Pursuant to the share repurchase program, purchases have been made in the open market or through privately negotiated transactions. The rate at which the Company purchases shares in connection with the share repurchase program may vary from period to period due to a variety of factors. Purchases with respect to such program are set forth in the table below: Year Ended December 31: Number of Shares Purchased Average Price Per Share 2020 2,912,035 $ 32.70 2021 9,124,295 $ 44.51 2022 19,666,798 $ 35.17 There were 26,774,550 and 12,006,477 shares of common stock held by Lazard Group at December 31, 2022 and 2021, respectively. Such shares of common stock are reported, at cost, as a reduction of members’ equity within the accompanying consolidated statements of financial condition. During 2022, 2021 and 2020, certain of our executive officers received common stock in connection with the vesting or settlement of previously-granted deferred equity incentive awards. The vesting or settlement of such equity awards gave rise to a tax payable by the executive officers, and, consistent with our past practice, the Company purchased shares of common stock from certain of our executive officers equal in value to all or a portion of the estimated amount of such tax. In addition, during the years ended December 31, 2022, 2021 and 2020, the Company purchased shares of common stock from certain of our executive officer s . The aggregate value of all such purchases in 2022 , 2021 and 2020 was approximately $ 16,500 , $ 19,800 and $ 10,000 , respectively. Such shares of common stock are reported at cost. As of December 31, 2022, a total of $302,145 of share repurchase authorization remained available under Lazard Ltd’s share repurchase program, which authorization will expire on December 31, 2024. During the year ended December 31, 2022, Lazard Ltd had in place trading plans under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), pursuant to which it effected stock repurchases in the open market. Accumulated Other Comprehensive Income (Loss), Net of Tax —The tables below reflect the balances of each component of AOCI at December 31, 2022, 2021 and 2020 and activity during the years then ended: Currency Translation Adjustments Employee Benefit Plans Total AOCI Amount Attributable to Noncontrolling Interests Total Lazard Group AOCI Balance, January 1, 2022 $ (76,355 ) $ (132,680 ) $ (209,035 ) $ 2 $ (209,037 ) Activity: Other comprehensive loss before reclassifications (63,779 ) (11,955 ) (75,734 ) - (75,734 ) Adjustments for items reclassified to earnings, net of tax 32 4,152 4,184 - 4,184 Net other comprehensive loss (63,747 ) (7,803 ) (71,550 ) - (71,550 ) Balance, December 31, 2022 $ (140,102 ) $ (140,483 ) $ (280,585 ) $ 2 $ (280,587 ) Currency Translation Adjustments Employee Benefit Plans Total AOCI Amount Attributable to Noncontrolling Interests Total Lazard Group AOCI Balance, January 1, 2021 $ (20,438 ) $ (173,006 ) $ (193,444 ) $ 2 $ (193,446 ) Activity: Other comprehensive income (loss) before reclassifications (48,401 ) 34,666 (13,735 ) - (13,735 ) Adjustments for items reclassified to earnings, net of tax (7,516 ) 5,660 (1,856 ) - (1,856 ) Net other comprehensive income (loss) (55,917 ) 40,326 (15,591 ) - (15,591 ) Balance, December 31, 2021 $ (76,355 ) $ (132,680 ) $ (209,035 ) $ 2 $ (209,037 ) Currency Translation Adjustments Employee Benefit Plans Total AOCI Amount Attributable to Noncontrolling Interests Total Lazard Group AOCI Balance, January 1, 2020 $ (74,369 ) $ (176,035 ) $ (250,404 ) $ - $ (250,404 ) Activity: Other comprehensive income (loss) before reclassifications 53,931 (3,017 ) 50,914 2 50,912 Adjustments for items reclassified to earnings, net of tax - 6,046 6,046 - 6,046 Net other comprehensive income 53,931 3,029 56,960 2 56,958 Balance, December 31, 2020 $ (20,438 ) $ (173,006 ) $ (193,444 ) $ 2 $ (193,446 ) The table below reflects adjustments for items reclassified out of AOCI, by component, for the years ended December 31, 2022, 2021 and 2020: Year Ended December 31, 2022 2021 2020 Currency translation losses (gains) (a) $ 32 $ (7,516 ) $ - Employee benefit plans: Amortization relating to employee benefit plans (b) 5,146 7,269 7,522 Less - related income taxes 994 1,609 1,476 4,152 5,660 6,046 Total reclassifications, net of tax $ 4,184 $ (1,856 ) $ 6,046 (a) Represents currency translation losses (gains) reclassified to earnings out of AOCI associated with restructuring and closing of certain of our offices. Such amounts are included in “revenue–other” on the consolidated statements of operations. (b) Included in the computation of net periodic benefit cost (see Note 16). Such amounts are included in “operating expenses–other” on the consolidated statements of operations. Noncontrolling Interests— Noncontrolling interests principally represent (i) interests held in Edgewater’s management vehicles that the Company is deemed to control, but does not own, (ii) LGAC interests (see Note 1) and (iii) consolidated VIE interests held by employees (see Note 21). The tables below summarize net income (loss) attributable to noncontrolling interests for the years ended December 31, 2022, 2021 and 2020 and noncontrolling interests as of December 31, 2022 and 2021 in the Company’s consolidated financial statements: Net Income (Loss) Attributable to Noncontrolling Interests Year Ended December 31, 2022 2021 2020 Edgewater $ 31,314 $ 10,466 $ (2,349 ) LFI Consolidated Funds (11,415 ) 7,950 2,577 LGAC 15,064 (3,940 ) - Other 3 5 3 Total $ 34,966 $ 14,481 $ 231 Noncontrolling Interests as of December 31, 2022 2021 Edgewater $ 44,681 $ 44,826 LFI Consolidated Funds 74,164 67,299 LGAC (10,714 ) (13,445 ) Other 13 16 Total $ 108,144 $ 98,696

Incentive Plans

Incentive Plans	12 Months Ended
Incentive Plans	Dec. 31, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Incentive Plans	1 5 . INCENTIVE PLANS Share-Based Incentive Plan Awards A description of Lazard Ltd’s 2018 Plan, 2008 Plan and 2005 Equity Incentive Plan (the “2005 Plan”) and activity with respect thereto during the years ended December 31, 2022, 2021 and 2020 is presented below. Shares Available Under the 2018 Plan, 2008 Plan and 2005 Plan The 2018 Plan became effective on April 24, 2018 and was amended on April 29, 2021 to increase the aggregate number of shares authorized for issuance under the 2018 Plan by 20,000,000 shares. The 2018 Plan replaced the 2008 Plan, which was terminated on April 24, 2018. The 2018 Plan originally authorized issuance of up to 30,000,000 shares of common stock, plus any shares of common stock that were subject to outstanding awards under the 2008 Plan as of March 14, 2018 that are forfeited, canceled or settled in cash following April 24, 2018, which was the date that the 2018 Plan was approved by our shareholders. Such shares may be issued pursuant to the grant or exercise of stock options, stock appreciation rights, restricted stock units (“RSUs”), performance-based restricted stock units (“PRSUs”), restricted stock awards (“RSAs”), profits interest participation rights, including performance-based restricted participation units (“PRPUs”), and other share-based awards. The 2008 Plan authorized the issuance of shares of common stock pursuant to the grant or exercise of stock options, stock appreciation rights, RSUs, PRSUs and other share-based awards. Under the 2008 Plan, the maximum number of shares available was based on a formula that limited the aggregate number of shares that could, at any time, be subject to awards that were considered “outstanding” under the 2008 Plan to 30% of the then-outstanding shares of common stock. The 2008 Plan was terminated on April 24, 2018, and no additional awards have been or will be granted under the 2008 Plan after its termination, although outstanding deferred stock unit (“DSU”) awards granted under the 2008 Plan before its termination continue to be subject to its terms. The 2005 Plan authorized the issuance of up to 25,000,000 shares of common stock pursuant to the grant or exercise of stock options, stock appreciation rights, RSUs and other share-based awards. The 2005 Plan expired in the second quarter of 2015, although outstanding DSU awards granted under the 2005 Plan before its expiration continue to be subject to its terms. The following reflects the amortization expense recorded with respect to share-based incentive plans within “compensation and benefits” expense (with respect to RSUs, PRSUs, RSAs and profits interest participation rights, including PRPUs) and “professional services” expense (with respect to DSUs) within the Company’s accompanying consolidated statements of operations: Year Ended December 31, 2022 2021 2020 Share-based incentive awards: RSUs $ 125,664 $ 124,895 $ 140,556 PRSUs 2,011 6,136 6,264 RSAs 23,923 17,765 27,976 Profits interest participation rights 86,810 83,046 41,293 DSUs 1,116 1,058 1,180 Total $ 239,524 $ 232,900 $ 217,269 The ultimate amount of compensation and benefits expense relating to share-based awards is dependent upon the actual number of shares of common stock that vest. The Company periodically assesses the forfeiture rates used for such estimates, including as a result of any applicable performance conditions. A change in estimated forfeiture rates or performance results in a cumulative adjustment to compensation and benefits expense and also would cause the aggregate amount of compensation expense recognized in future periods to differ from the estimated unrecognized compensation expense described below. The Company’s share-based incentive plans and awards are described below. RSUs and DSUs RSUs generally require future service as a condition for the delivery of the underlying shares of common stock (unless the recipient is then eligible for retirement under the Company’s retirement policy) and convert into shares of common stock on a one-for-one basis after the stipulated vesting periods. The grant date fair value of the RSUs, net of an estimated forfeiture rate, is amortized over the vesting periods or requisite service periods (generally, one-third after two years and the remaining two-thirds after the third year), and is adjusted for actual forfeitures over such period. RSUs generally include a dividend participation right that provides that, during the applicable vesting period, each RSU is attributed additional RSUs equivalent to any dividends paid on common stock during such period. During the year ended December 31, 2022, dividend participation rights required the issuance of 455,287 RSUs. Non-executive members of the Board of Directors of Lazard Group, who are the same Non-Executive Directors of Lazard Ltd (“Non-Executive Directors”), receive approximately 55% of their annual compensation for service on the Board of Directors and its committees in the form of DSUs, which resulted in 44,772 DSUs being granted during the year ended December 31, 2022. Their remaining compensation is payable in cash, which they may elect to receive in the form of additional DSUs under the Directors’ Fee Deferral Unit Plan described below. DSUs are convertible into shares of common stock at the time of cessation of service to the Board of Directors. DSUs include a cash dividend participation right equivalent to dividends paid on common stock. Lazard Ltd’s Directors’ Fee Deferral Unit Plan permits the Non-Executive Directors to elect to receive additional DSUs in lieu of some or all of their cash fees. The number of DSUs granted to a Non-Executive Director pursuant to this election will equal the value of cash fees that the applicable Non-Executive Director has elected to forego pursuant to such election, divided by the market value of a share of common stock on the date immediately preceding the date of the grant. During the year ended December 31, 2022, 17,640 DSUs had been granted pursuant to such Plan. DSU awards are expensed at their fair value on their date of grant, inclusive of amounts related to the Directors’ Fee Deferral Unit Plan. The following is a summary of activity relating to RSUs and DSUs for the year ended December 31, 2022: RSUs DSUs Units Weighted Average Grant Date Fair Value Units Weighted Average Grant Date Fair Value Balance, January 1, 2022 8,150,782 $ 41.16 338,408 $ 38.01 Granted (including 455,287 RSUs relating to dividend participation) 5,329,456 $ 33.73 62,412 $ 35.78 Forfeited (310,646 ) $ 39.16 - $ - Settled (4,146,675 ) $ 38.71 - $ - Balance, December 31, 2022 9,022,917 $ 37.97 400,820 $ 37.66 The weighted-average grant date fair value of RSUs granted in 2022, 2021 and 2020 was $33.73, $43.38 and $42.60, respectively. The weighted-average grant date fair value of DSUs granted in 2022, 2021 and 2020 was $35.78, $46.75 and $28.49, respectively. In connection with RSUs that settled during the year ended December 31, 2022, the Company satisfied its minimum statutory tax withholding requirements in lieu of delivering 1,527,476 shares of common stock during the year. Accordingly, 2,619,199 shares of common stock held by the Company were delivered during the year ended December 31, 2022. As of December 31, 2022, estimated unrecognized RSU compensation expense was $115,641, with such expense expected to be recognized over a weighted average period of approximately 0.9 years subsequent to December 31, 2022. RSAs The following is a summary of activity related to RSAs associated with compensation arrangements during the year ended December 31, 2022: RSAs Weighted Average Grant Date Fair Value Balance, January 1, 2022 871,227 $ 41.24 Granted (including 67,261 relating to dividend participation) 1,064,296 $ 33.37 Forfeited (81,178 ) $ 37.69 Settled (587,921 ) $ 36.63 Balance, December 31, 2022 1,266,424 $ 36.99 The weighted-average grant date fair value of RSAs granted in 2022, 2021 and 2020 was $33.37, $43.80 and $42.89, respectively. In connection with RSAs that settled during the year ended December 31, 2022, the Company satisfied its minimum statutory tax withholding requirements in lieu of delivering 203,490 shares of common stock during the year. Accordingly, 384,431 shares of common stock held by the Company were delivered during the year ended December 31, 2022. RSAs granted in 2022 generally include a dividend participation right that provides that during the applicable vesting period each RSA is attributed additional RSAs equivalent to any dividends paid on common stock during such period. During the year ended December 31, 2022, dividend participation rights required the issuance of 67,261 RSAs. At December 31, 2022, estimated unrecognized RSAs expense was $19,897, with such expense to be recognized over a weighted average period of approximately 0.9 years subsequent to December 31, 2022. PRSUs PRSUs are RSUs that are subject to performance-based and service-based vesting conditions, and beginning with awards granted in February 2021, a market-based condition. The number of shares of common stock that a recipient will receive upon vesting of a PRSU will be calculated by reference to certain performance-based and market-based metrics that relate to Lazard Ltd’s performance over a three-year period. The target number of shares of common stock subject to each PRSU is one; however, based on the achievement of both the performance-based and market-based criteria, the number of shares of common stock that may be received will range from zero to 2.4 times the target number. PRSUs will vest on a single date approximately three years following the date of the grant, provided the applicable service and performance conditions are satisfied. PRSUs include dividend participation rights that are subject to the same vesting restrictions (including performance criteria) as the underlying PRSUs to which they relate and are settled in cash at the same rate that dividends are paid on common stock. The following is a summary of activity relating to PRSUs during the year ended December 31, 2022: PRSUs Weighted Average Grant Date Fair Value Balance, January 1, 2022 32,394 $ 46.63 Granted 62,296 $ 35.44 Balance, December 31, 2022 94,690 $ 39.27 The weighted-average grant date fair value of PRSUs granted in 2022, 2021 and 2020 was $35.44, $46.63 and $50.74, respectively. Compensation expense recognized for PRSU awards is determined by multiplying the number of shares of common stock underlying such awards that, based on the Company’s estimate, are considered probable of vesting, by the grant date fair value. As of December 31, 2022, the total estimated unrecognized compensation expense was $3,295, and the Company expects to amortize such expense over a weighted-average period of approximately 0.8 years subsequent to December 31, 2022. Profits Interest Participation Rights Profits interest participation rights are equity incentive awards that, subject to certain conditions, may be exchanged for shares of common stock pursuant to the 2018 Plan. The Company granted profits interest participation rights subject to service-based and performance-based vesting criteria and other conditions, and beginning in February 2021, incremental market-based vesting criteria, which we refer to as performance-based restricted participation units (“PRPUs”), to certain of our executive officers. The Company also granted profits interest participation rights subject to service-based vesting criteria and other conditions, but not the performance-based and incremental market-based vesting criteria associated with PRPUs, to a limited number of other senior employees. Profits interest participation rights generally provide for vesting approximately three years following the grant date, so long as applicable conditions have been satisfied. Profits interest participation rights are a class of membership interests in the Company that are intended to qualify as “profits interests” for U.S. federal income tax purposes, and are recorded within members’ equity in the Company’s consolidated statements of financial condition. The profits interest participation rights generally allow the recipient to realize value only to the extent that both (i) the service-based vesting conditions and, if applicable, the performance-based and incremental market-based conditions, are satisfied, and (ii) an amount of economic appreciation in the assets of the Company occurs as necessary to satisfy certain partnership tax rules (referred to as the “Minimum Value Condition”) before the fifth anniversary of the grant date, otherwise the profits interest participation rights will be forfeited. Upon satisfaction of such conditions, profits interest participation rights that are in parity with the value of common stock will be exchanged on a one-for-one basis for shares of common stock. If forfeited based solely on failing to meet the Minimum Value Condition, the associated compensation expense would not be reversed. With regard to the profits interest participation rights granted in February 2019 and February 2020, the Minimum Value Condition was met during the years ended December 31, 2020 and December 31, 2021, respectively. On March 1, 2022, the profits interest participation rights granted in February 2019, for which the Minimum Value Condition and other vesting conditions were satisfied, were exchanged on a one-for-one basis for shares of common stock. Like outstanding RSUs and similar awards, profits interest participation rights are subject to continued employment and other conditions and restrictions and are forfeited if those conditions and restrictions are not fulfilled. More specifically, vesting of profits interest participation rights are subject to compliance with restrictive covenants including non-compete, non-solicitation of clients, no hire of employees and confidentiality, which are similar to those applicable to PRSUs and RSUs. In addition, profits interest participation rights must satisfy the Minimum Value Condition. The number of shares of common stock that a recipient will receive upon the exchange of a PRPU award is calculated by reference to applicable performance-based conditions and, beginning with PRPUs granted in 2021, incremental market-based conditions and only result in value to the recipient to the extent the conditions are satisfied. The target number of shares of common stock subject to each PRPU is one. Based on the achievement of performance criteria, as determined by the Compensation Committee, the number of shares of common stock that may be received in connection with the PRPU award s granted prior to February 20 21 will range from zero to two times the target number. For the PRPU awards granted beginning in February 202 1 , subject to both performance-based and incremental market-based criteria, the number of shares that may be received will range from zero to 2.4 times the target number. Unless applicable conditions are satisfied during the three year performance period, and the Minimum Value Condition is satisfied within five years following the grant date, all PRPUs will be forfeited, and the recipients will not be entitled to any such awards. The performance metrics applicable to the PRPU awards granted prior to February 2021 were also evaluated on an annual basis at the end of each fiscal year during the performance period, and, if Lazard Ltd achieved a threshold level of performance with respect to the fiscal year, 25% of the target number of PRPUs are no longer at risk of forfeiture based on the achievement of performance criteria. Profits interest participation rights are allocated income, subject to vesting and settled in cash, in respect of dividends paid on common stock. The following is a summary of activity relating to profits interest participation rights, including PRPUs, during the year ended December 31, 2022: Profits Interest Participation Rights Weighted Average Grant Date Fair Value Balance, January 1, 2022 4,122,993 $ 41.50 Granted 1,521,103 $ 34.53 Forfeited (96,323 ) $ 38.92 Settled (1,902,756 ) $ 38.76 Performance units earned (a) 486,611 $ 40.64 Balance, December 31, 2022 (b) 4,131,628 $ 40.15 (a) Represents shares of common stock earned during the fiscal year under the performance criteria of previously-granted PRPU awards in excess of the target payout levels of such awards. (b) Table includes 2,447,224 PRPUs, which represents the target number of PRPUs granted and performance units earned, net of settlements as of December 31, 2022, including 2,001,174 PRPUs as of January 1, 2022 and 963,660 PRPUs granted and 486,611 performance units earned, net of 1,004,221 PRPUs settled during the year ended December 31, 2022. The weighted average grant date fair values for PRPUs and other profits interest participation rights outstanding as of January 1, 2022 were $41.82 and $41.20, respectively. The weighted average grant date fair values for PRPUs and other profits interest participation rights granted during the year ended December 31, 2022 were $35.44 and $32.95, respectively. The weighted average grant date fair values for other profits interest participation rights forfeited during the year ended December 31, 2022 were $38.92. The weighted average grant date fair values for PRPUs and other profits interest participation rights settled during the year ended December 31, 2022 were $38.86 and $38.65, respectively. The weighted average grant date fair values for PRPUs and other profits interest participation rights outstanding as of December 31, 2022 were $40.29 and $39.96, respectively. The weighted-average grant date fair value of profits interest participation rights granted in 2022, 2021 and 2020 was $34.53, $44.73 and $42.89, respectively. Compensation expense recognized for profits interest participation rights, including PRPUs, is determined by multiplying the number of shares of common stock underlying such awards that, based on the Company’s estimate, are considered probable of vesting, by the grant date fair value. As of December 31, 2022, the total estimated unrecognized compensation expense was $21,331 and the Company expects to amortize such expense over a weighted-average period of approximately 0.9 years subsequent to December 31, 2022. LFI and Other Similar Deferred Compensation Arrangements In connection with LFI and other similar deferred compensation arrangements, granted to eligible employees, which generally require future service as a condition for vesting, the Company recorded a prepaid compensation asset and a corresponding compensation liability on the grant date based upon the fair value of the award. The prepaid asset is amortized on a straight-line basis over the applicable vesting periods or requisite service periods (which are generally similar to the comparable periods for RSUs) and is charged to “compensation and benefits” expense within the Company’s consolidated statement of operations. LFI and similar deferred compensation arrangements that do not require future service are expensed immediately. The related compensation liability is accounted for at fair value as a derivative liability, which contemplates the impact of estimated forfeitures, and is adjusted for changes in fair value primarily related to changes in value of the underlying investments. The following is a summary of activity relating to LFI and other similar deferred compensation arrangements during the year ended December 31, 2022: Prepaid Compensation Asset Compensation Liability Balance, January 1, 2022 $ 108,049 $ 358,877 Granted 167,654 167,654 Settled - (145,666 ) Forfeited (5,033 ) (16,894 ) Amortization (158,483 ) - Change in fair value related to: Change in fair value of underlying investments - (44,261 ) Adjustment for estimated forfeitures - 8,256 Other (63 ) (1,684 ) Balance, December 31, 2022 $ 112,124 $ 326,282 The amortization of the prepaid compensation asset will generally be recognized over a weighted average period of approximately 0.8 years subsequent to December 31, 2022. The following is a summary of the impact of LFI and other similar deferred compensation arrangements on “compensation and benefits” expense within the accompanying consolidated statements of operations for the years ended December 31, 2022, 2021 and 2020: Year Ended December 31, 2022 2021 2020 Amortization, net of forfeitures $ 154,878 $ 151,604 $ 119,441 Change in the fair value of underlying investments (44,261 ) 35,494 40,634 Total $ 110,617 $ 187,098 $ 160,075 Incentive Awards Granted In February 2023 In February 2023, the Company granted approximately $434,700 of deferred incentive compensation awards to eligible employees as part of the year-end compensation process with respect to the 2022 fiscal year. These grants included: RSUs or RSAs; PRSUs; profits interest participation rights, The RSUs, RSAs and LFI granted generally provide for one-third vesting on the second anniversary of the grant date and the remaining two-thirds vesting on the third anniversary of the grant date, so long as applicable conditions have been satisfied. PRSUs and the profits interest participation rights, including PRPUs, granted generally provide for vesting on the third anniversary of the grant date, so long as applicable conditions have been satisfied. The majority of deferred cash awards vest in August 2023, so long as applicable conditions have been satisfied. Compensation expense with respect to such incentive awards will generally be recognized over the applicable service period.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Dec. 31, 2022
Compensation And Retirement Disclosure [Abstract]
Employee Benefit Plans	1 6 . EMPLOYEE BENEFIT PLANS The Company provides retirement and other post-retirement benefits to certain of its employees through defined benefit pension plans (the “pension plans”). The Company also offers defined contribution plans to its employees. The pension plans generally provide benefits to participants based on average levels of compensation. Expenses related to the Company’s employee benefit plans are included in “compensation and benefits” expense for the service cost component, and “operating expenses–other” for the other components of benefit costs on the consolidated statements of operations. Employer Contributions to Pension Plans —The Company’s funding policy for its U.S. and non-U.S. pension plans is to fund when required or when applicable upon an agreement with the plans’ trustees. Management also evaluates from time to time whether to make voluntary contributions to the plans. The Company expects to contribute approximately $1,000 to the U.S pension plan and approximately $3,000 to the non-U.S. pension plans during the year ending December 31, 2023. The following table summarizes the changes in the benefit obligations, the fair value of the assets, the funded status and amounts recognized in the consolidated statements of financial condition for the post-retirement plans. The Company uses December 31 as the measurement date for its post-retirement plans. Pension Plans 2022 2021 Change in benefit obligation Benefit obligation at beginning of year $ 731,978 $ 811,662 Service cost 543 876 Interest cost 11,130 8,679 Actuarial (gain) loss (203,009 ) (39,706 ) Benefits paid (29,357 ) (29,327 ) Settlements - (4,643 ) Foreign currency translation and other adjustments (71,235 ) (15,563 ) Benefit obligation at end of year 440,050 731,978 Change in plan assets Fair value of plan assets at beginning of year 782,463 799,895 Actual return on plan assets (215,237 ) 26,046 Employer contributions 4,206 4,493 Benefits paid (29,357 ) (29,327 ) Settlements - (4,643 ) Foreign currency translation and other adjustments (73,203 ) (14,001 ) Fair value of plan assets at end of year 468,872 782,463 Funded (deficit) at end of year $ 28,822 $ 50,485 Amounts recognized in the consolidated statements of financial condition at December 31, 2022 and 2021 consist of: Prepaid pension asset (included in “other assets”) $ 35,268 $ 78,058 Accrued benefit liability (included in “other liabilities”) (6,446 ) (27,573 ) Net amount recognized $ 28,822 $ 50,485 Amounts recognized in AOCI (excluding tax benefits of $29,813 and $25,370 at December 31, 2022 and 2021, respectively) consist of: Actuarial net loss $ 167,724 $ 155,052 Prior service cost 2,572 2,999 Net amount recognized $ 170,296 $ 158,051 For the years ended December 31, 2022 and 2021, the change in the benefit obligation related to the actuarial (gain) loss is principally attributable to changes in the discount rates. The following table summarizes the fair value of plan assets, the accumulated benefit obligation and the projected benefit obligation at December 31, 2022 and 2021: U.S. Pension Plans Non-U.S. Pension Plans Total As Of December 31, As Of December 31, As Of December 31, 2022 2021 2022 2021 2022 2021 Fair value of plan assets $ 14,983 $ 24,227 $ 453,889 $ 758,236 $ 468,872 $ 782,463 Accumulated benefit obligation $ 20,518 $ 31,543 $ 419,532 $ 700,435 $ 440,050 $ 731,978 Projected benefit obligation $ 20,518 $ 31,543 $ 419,532 $ 700,435 $ 440,050 $ 731,978 The following table summarizes the components of net periodic benefit cost (credit), the return on the Company’s post-retirement plan assets, benefits paid, contributions and other amounts recognized in AOCI for the years ended December 31, 2022, 2021 and 2020: Pension Plans For The Year Ended December 31, 2022 2021 2020 Components of Net Periodic Benefit Cost (Credit): Service cost $ 543 $ 876 $ 843 Interest cost 11,130 8,679 11,912 Expected return on plan assets (24,482 ) (26,077 ) (26,711 ) Amortization of: Prior service cost 106 118 111 Net actuarial loss 5,040 7,151 7,411 Settlement loss - 1,056 1,329 Net periodic benefit cost (credit) $ (7,663 ) $ (8,197 ) $ (5,105 ) Actual return on plan assets $ (215,237 ) $ 26,046 $ 86,248 Employer contributions $ 4,206 $ 4,493 $ 6,708 Benefits paid $ 29,357 $ 29,327 $ 30,272 Other changes in plan assets and benefit obligations recognized in AOCI (excluding tax expense (benefit) of $(4,443), $13,521 and $(564), during the years ended December 31, 2022, 2021 and 2020, respectively): Net actuarial (gain) loss $ 31,174 $ (40,717 ) $ (4,085 ) Reclassification of prior service (cost) credit to earnings (106 ) (118 ) (111 ) Reclassification of actuarial gain (loss) to earnings (5,040 ) (7,151 ) (7,411 ) Currency translation and other adjustments (13,783 ) (5,860 ) 9,142 Total recognized in AOCI $ 12,245 $ (53,846 ) $ (2,465 ) Net amount recognized in total periodic benefit cost and AOCI $ 4,582 $ (62,043 ) $ (7,570 ) The assumptions used to develop actuarial present value of the projected benefit obligation and net periodic pension cost as of or for the years ended December 31, 2022, 2021 and 2020 are set forth below: Pension Plans December 31, 2022 2021 2020 Weighted average assumptions used to determine benefit obligations: Discount rate 4.7 % 1.8 % 1.3 % Weighted average assumptions used to determine net periodic benefit cost: Discount rate 2.1 % 1.1 % 1.6 % Expected long-term rate of return on plan assets 3.4 % 3.3 % 3.9 % Generally, the Company determined the discount rates for its defined benefit plans by utilizing indices for long-term, high-quality bonds and ensuring that the discount rate does not exceed the yield reported for those indices after adjustment for the duration of the plans’ liabilities. In selecting the expected long-term rate of return on plan assets, the Company considered the average rate of earnings expected on the funds invested or to be invested to provide for the benefits of the plan, giving consideration to expected returns on different asset classes held by the plans in light of prevailing economic conditions as well as historical returns. This basis is consistent for all years presented. Expected Benefit Payments —The following table summarizes the expected benefit payments for the Company’s pension plans for each of the next five fiscal years and in the aggregate for the five fiscal years thereafter: Pension Plans 2023 $ 25,144 2024 27,605 2025 27,037 2026 27,459 2027 27,777 2028-2032 140,985 Plan Assets —The following tables present the categorization of our pension plans’ assets as of December 31, 2022 and 2021, measured at fair value, into a fair value hierarchy and investments measured at NAV or its equivalent as a practical expedient in accordance with fair value measurement disclosure requirements: As of December 31, 2022 Level 1 Level 2 Level 3 NAV (a) Total Assets: Cash $ 18,084 $ - $ - $ - $ 18,084 Debt 79,505 - - - 79,505 Equities 15,480 - - - 15,480 Funds: Alternative investments - - - 9,113 9,113 Debt 6,350 - - 220,141 226,491 Equity 49,041 49,297 - 7,138 105,476 Other - 14,723 - - 14,723 Total $ 168,460 $ 64,020 $ - $ 236,392 $ 468,872 As of December 31, 2021 Level 1 Level 2 Level 3 NAV (a) Total Assets: Cash $ 11,036 $ - $ - $ - $ 11,036 Debt 84,005 - - - 84,005 Equities 43,174 - - - 43,174 Funds: Alternative investments - - - 17,758 17,758 Debt 10,990 81,417 - 318,316 410,723 Equity 141,390 60,118 - 11,090 212,598 Other - 3,169 - - 3,169 Total $ 290,595 $ 144,704 $ - $ 347,164 $ 782,463 (a) Represents certain investments measured at NAV or its equivalent as a practical expedient in determining fair value. In accordance with current accounting guidance, these investments have not been classified in the fair value hierarchy. Included in equity funds are $54,810 and $68,529 as of December 31, 2022 and 2021, respectively, that are invested in funds managed by the Company. Consistent with the plans’ investment strategies, at December 31, 2022 and 2021, the Company’s U.S. pension plan had 57% and 54%, respectively, of the plans’ assets invested in equity funds in Level 1 and measured at NAV or its equivalent as a practical expedient, 42% and 46%, respectively, invested in Level 1 debt funds, and at December 31, 2022, 1% was invested in cash, which is a Level 1 asset. The Company’s non-U.S. pension plans at December 31, 2022 and 2021 had 25% and 32%, respectively, of the plans’ assets invested in equities and equity funds that are primarily Level 1 and Level 2 assets; 66% and 64%, respectively, of the plans’ assets invested in debt and debt funds that are Level 1 and Level 2 assets or measured at NAV or its equivalent as a practical expedient, and 9% and 4%, respectively, of the plans’ assets invested in cash, which is a Level 1 asset, other investments, which is a Level 2 asset, or in alternative investment funds that are primarily measured at NAV. Investment Policies and Strategies —The primary investment goal is to ensure that the pension plans remain well funded, taking account of the likely future risks to investment returns and contributions. As a result, a portfolio of assets is maintained with appropriate liquidity and diversification that can be expected to generate long-term future returns that minimize the long-term costs of the pension plans without exposing the plans to an unacceptable risk of under-funding. The Company’s likely future ability to pay such contributions as are required to maintain the funded status of the plans over a reasonable time period is considered when determining the level of risk that is appropriate. The fair value of plan investments classified as Level 1 assets are based on market quotes. The fair value of plan investments classified as Level 2 assets are based on (i) quoted prices for similar assets or liabilities in an active market, or quoted prices for identical or similar assets or liabilities in non-active markets, or (ii) inputs other than quoted prices that are directly observable or derived principally from, or corroborated by, market data . The fair value of plan investments measured at NAV or its equivalent as a practical expedient is determined based on information provided by external fund administrators and such investments are redeemable in the near term. Defined Contribution Plans —Pursuant to certain matching contributions, the Company contributes to employer sponsored defined contribution plans. Such contributions amounted to $19,636, $17,764 and $16,627 for the years ended December 31, 2022, 2021 and 2020, respectively, which are included in “compensation and benefits” expense on the consolidated statements of operations.

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	1 7 . INCOME TAXES Although a portion of Lazard Group's income is subject to U.S. federal income taxes, Lazard Group primarily operates in the U.S. as a limited liability company that is treated as a partnership for U.S. federal income tax purposes. As a result, Lazard Group's income from its U.S. operations is generally not subject to U.S. federal income taxes because such income is attributable to its partners. Lazard Group, through its subsidiaries, is subject to state and local taxes on its income apportioned to various state and local jurisdictions. Outside the U.S., Lazard Group operates principally through subsidiary corporations that are subject to local income taxes in foreign jurisdictions. Lazard Group is also subject to Unincorporated Business Tax (“UBT”) attributable to its operations apportioned to New York City. The components of the Company’s provision for income taxes for the years ended December 31, 2022, 2021 and 2020, and a reconciliation of the U.S. federal statutory income tax rate to the Company’s effective tax rates for such years, are shown below. Year Ended December 31, 2022 2021 2020 Current: Federal $ 248 $ (3,808 ) $ 2,207 Foreign 71,800 98,142 44,255 State and local 5,810 1,495 3,025 Total current 77,858 95,829 49,487 Deferred: Federal 5 82 95 Foreign 3,299 5,081 8,480 State and local 491 695 (1,498 ) Total deferred 3,795 5,858 7,077 Total $ 81,653 $ 101,687 $ 56,564 Year Ended December 31, 2022 2021 2020 U.S. federal statutory income tax rate 21.0 % 21.0 % 21.0 % Rate benefit for U.S. Partnership operations (21.0 ) (21.0 ) (21.0 ) Foreign taxes 15.0 13.3 9.6 State and local taxes 1.0 0.7 0.5 Uncertain tax positions (0.3 ) (0.3 ) 0.6 Other - (0.5 ) 0.3 Effective income tax rate 15.7 % 13.2 % 11.0 % See Note 20 regarding “operating income (loss)” by geographic region. Deferred income taxes are provided for the effects of temporary differences between the tax basis of an asset or liability and its reported amount in the consolidated statements of financial condition. These temporary differences result in taxable or deductible amounts in future years. Details of the Company’s deferred tax assets and liabilities are as follows: December 31, 2022 2021 Deferred Tax Assets: Basis adjustments (a) $ 22 $ 68 Compensation and benefits 63,334 73,902 Net operating loss and tax credit carryforwards 76,509 72,777 Depreciation and amortization 1,168 5,534 Other 8,254 4,432 Gross deferred tax assets 149,287 156,713 Valuation allowance (80,347 ) (79,129 ) Deferred tax assets (net of valuation allowance) 68,940 77,584 Deferred Tax Liabilities: Depreciation and amortization 4,476 5,373 Compensation and benefits 22,927 32,189 Goodwill 1,512 836 Other 6,344 9,087 Deferred tax liabilities 35,259 47,485 Net deferred tax assets $ 33,681 $ 30,099 (a) The basis adjustments recorded as of December 31, 2022 and 2021 are primarily the result of additional basis from acquisitions of interests. The historical profitability of each tax-paying entity is an important factor in determining whether to record a valuation allowance and when to release any such allowance. Certain of our tax-paying entities have individually experienced losses on a cumulative three year basis or have tax attributes that may expire unused. In addition, some of our tax-paying entities have recorded a valuation allowance on substantially all of their deferred tax assets due to the combined effect of operating losses in certain subsidiaries of these entities as well as foreign taxes that together substantially offset any U.S. tax liability. Taking into account all available information, we cannot determine that it is more likely than not that deferred tax assets held by these entities will be realized. Consequently, we have recorded valuation allowances on $80,347 and $79,129 of deferred tax assets held by these entities as of December 31, 2022 and 2021, respectively. Changes in the deferred tax assets valuation allowance for the years ended December 31, 2022, 2021 and 2020 was as follows: Year Ended December 31, 2022 2021 2020 Beginning Balance $ 79,129 $ 76,728 $ 70,429 Charged (credited) to provision for income taxes 6,844 4,400 5,173 Charged (credited) to other comprehensive income and other (5,626 ) (1,999 ) 1,126 Ending Balance $ 80,347 $ 79,129 $ 76,728 The Company had net operating loss and tax credit carryforwards for which related deferred tax assets of $76,509 were recorded at December 31, 2022 primarily relating to: (i) indefinite-lived net operating loss carryforwards (subject to various limitations) of approximately $20,000 in Australia, Germany, Hong Kong, Saudi Arabia, Singapore; and (ii) certain carryforwards of approximately $51,000 in the U.S. Foreign Tax Credits of $5,600 begin expiring in 2024 and is fully offset by a valuation allowance. With few exceptions, the Company is no longer subject to income tax examination by foreign tax authorities and by U.S. federal, state and local tax authorities for years prior to 2014. While the Company is under examination in various tax jurisdictions with respect to certain open years, the Company does not expect that the result of any final determination related to these examinations will have a material impact on its financial statements. Developments with respect to such examinations are monitored on an ongoing basis and adjustments to tax liabilities are made as appropriate. A reconciliation of the beginning to the ending amount of gross unrecognized tax benefits (excluding interest and penalties) for the years ended December 31, 2022, 2021 and 2020 is as follows: Year Ended December 31, 2022 2021 2020 Balance, January 1 (excluding interest and penalties of $18,442, $18,745 and $18,161, respectively) $ 53,507 $ 55,725 $ 60,838 Increases in gross unrecognized tax benefits relating to tax positions taken during: Prior years 257 165 1,215 Current year 13,273 11,841 9,516 Decreases in gross unrecognized tax benefits relating to: Tax positions taken during prior years (975 ) (5,774 ) (9,814 ) Settlements with tax authorities (43 ) (134 ) (904 ) Lapse of the applicable statute of limitations (13,142 ) (8,316 ) (5,126 ) Balance, December 31 (excluding interest and penalties of $17,855, $18,442 and $18,745, respectively) $ 52,877 $ 53,507 $ 55,725 Additional information with respect to unrecognized tax benefits is as follows: Year Ended December 31, 2022 2021 2020 Unrecognized tax benefits at the end of the year that, if recognized, would favorably affect the effective tax rate (includes interest and penalties of $17,855, $18,442, and $18,745, respectively) $ 59,202 $ 61,452 $ 64,868 Unrecognized tax benefits that, if recognized, would not affect the effective tax rate $ 11,530 $ 10,497 $ 9,602 Interest and penalties recognized in current income tax expense (after giving effect to the reversal of interest and penalties of $6,344, $5,210 and $3,679, respectively) $ (587 ) $ (303 ) $ 584 The Company anticipates that it is reasonably possible that approximately $12,100 of unrecognized tax benefits, including interest and penalties recorded at December 31, 2022, may be recognized within 12 months as a result of the lapse of the statute of limitations in various tax jurisdictions.

Related Parties

Related Parties	12 Months Ended
Related Parties	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Parties	1 8 . RELATED PARTIES Receivable from and Payable to Lazard Ltd Subsidiaries The partial settlement of the interest-bearing loans as of December 31, 2021 of $10,536 reflects the transfer of 241,235 shares of common stock from Lazard Group to a subsidiary of Lazard Ltd. Such amount was reflected in members’ equity as of December 31, 2021 and was a non-cash transaction. In the first quarter of 2020, a subsidiary of Lazard Ltd contributed an interest-bearing intercompany loan, including interest thereon, of $55,941 due from a Lazard Group subsidiary to Lazard Group. Such amount was reflected in members’ equity as of December 31, 2020 and was a non-cash transaction. Sponsored Funds The Company serves as an investment advisor for certain affiliated investment companies and fund entities and receives management fees and, for the alternative investment funds, performance-based incentive fees for providing such services. Investment advisory fees relating to such services were $592,985, $708,900 and $564,686 for the years ended December 31, 2022, 2021 and 2020, respectively, and are included in “asset management fees” on the consolidated statements of operations. Of such amounts, $57,283 and $96,740 remained as receivables at December 31, 2022 and 2021, respectively, and are included in “fees receivable” on the consolidated statements of financial condition. Other See Note 14 for information regarding related party transactions pertaining to shares repurchased from certain of our executive officers.

Regulatory Authorities

Regulatory Authorities	12 Months Ended
Regulatory Authorities	Dec. 31, 2022
Regulatory Capital Requirements [Abstract]
Regulatory Authorities	19 . REGULATORY AUTHORITIES LFNY is a U.S. registered broker-dealer and is subject to the net capital requirements of Rule 15c3-1 under the Exchange Act. Under the basic method permitted by this rule, the minimum required net capital, as defined, is a specified fixed percentage ( 6 2/3 Certain U.K. subsidiaries of the Company, including LCL, Lazard Fund Managers Limited and Lazard Asset Management Limited (collectively, the “U.K. Subsidiaries”) are regulated by the Financial Conduct Authority. At December 31, 2022, the aggregate regulatory net capital of the U.K. Subsidiaries was $176,397, which exceeded the minimum requirement by $119,088. CFLF, under which asset management and commercial banking activities are carried out in France, is subject to regulation by the Autorité de Contrôle Prudentiel et de Résolution (“ACPR”) for its banking activities conducted through its subsidiary, LFB. LFB, as a registered bank, is engaged primarily in commercial and private banking services for clients and funds managed by LFG (asset management) and other clients, and asset-liability management. The investment services activities exercised through LFB and other subsidiaries of CFLF, primarily LFG, also are subject to regulation and supervision by the Autorité des Marchés Financiers. At December 31, 2022, the consolidated regulatory net capital of CFLF was $152,442, which exceeded the minimum requirement set for regulatory capital levels by $74,403. In addition, pursuant to the consolidated supervision rules in the European Union, LFB, in particular, as a French credit institution, is required to be supervised by a regulatory body, either in the U.S. or in the European Union. During the third quarter of 2013, the Company and the ACPR agreed on terms for the consolidated supervision of LFB and certain other non-Financial Advisory European subsidiaries of the Company (referred to herein, on a combined basis, as the “combined European regulated group”) under such rules. Under this supervision, the combined European regulated group is required to comply with minimum requirements for regulatory net capital to be reported on a quarterly basis and satisfy periodic financial and other reporting obligations. At December 31, 2022 , the regulatory net capital of the combined European regulated group was $ 176,343 , which exceeded the minimum requirement set for regulatory capital levels by $ 89,905 . Additionally, the combined European regulated group, together with our European Financial Advisory entities, is required to perform an annual risk assessment and provide certain other information on a periodic basis, including financial reports and information relating to financial performance, balance sheet data and capital structure. Certain other U.S. and non-U.S. subsidiaries are subject to various capital adequacy requirements promulgated by various regulatory and exchange authorities in the countries in which they operate. At December 31, 2022, for those subsidiaries with regulatory capital requirements, their aggregate net capital was $189,167, which exceeded the minimum required capital by $162,010. At December 31, 2022, each of these subsidiaries individually was in compliance with its regulatory capital requirements.

Segment Information

Segment Information	12 Months Ended
Segment Information	Dec. 31, 2022
Segment Reporting [Abstract]
Segment Information	2 0 . SEGMENT INFORMATION The Company’s reportable segments offer different products and services and are managed separately, as different levels and types of expertise are required to effectively manage the segments’ transactions. Each segment is reviewed to determine the allocation of resources and to assess its performance. The Company’s principal operating activities are included in its Financial Advisory and Asset Management business segments as described in Note 1. In addition, as described in Note 1, the Company records selected other activities in its Corporate segment. The Company’s segment information for the years ended December 31, 2022, 2021 and 2020 is prepared using the following methodology: • Revenue and expenses directly associated with each segment are included in determining operating income. • Expenses not directly associated with specific segments are allocated based on the most relevant measures applicable, including headcount, square footage and other factors. • Segment assets are based on those directly associated with each segment, and include an allocation of certain assets relating to various segments, based on the most relevant measures applicable, including headcount, square footage and other factors. The Company records other revenue, interest income and interest expense among the various segments based on the segment in which the underlying asset or liability is reported. Each segment’s operating expenses include (i) compensation and benefits expenses incurred directly in support of the businesses and (ii) other operating expenses, which include directly incurred expenses for occupancy and equipment, marketing and business development, technology and information services, professional services, fund administration and outsourced services and indirect support costs (including compensation and other operating expenses related thereto) for administrative services. Such administrative services include, but are not limited to, accounting, tax, human resources, legal, facilities management and senior management activities. For the years ended December 31, 2022, 2021 and 2020, no individual client constituted more than 10% of the net revenue of any of the Company’s business segments. Management evaluates segment results based on net revenue and operating income (loss) and believes that the following information provides a reasonable representation of each segment’s contribution with respect to net revenue, operating income (loss) and total assets: As of or for the Year Ended December 31, 2022 2021 2020 Financial Advisory Net Revenue $ 1,655,596 $ 1,794,132 $ 1,420,042 Operating Expenses (a) 1,292,382 1,345,849 1,122,002 Operating Income $ 363,214 $ 448,283 $ 298,040 Total Assets $ 1,074,278 $ 1,217,654 $ 1,157,844 Asset Management Net Revenue $ 1,204,927 $ 1,424,985 $ 1,167,466 Operating Expenses (a) 963,640 1,032,825 861,031 Operating Income $ 241,287 $ 392,160 $ 306,435 Total Assets $ 978,083 $ 1,128,549 $ 958,588 Corporate Net Revenue (Loss) $ (96,234 ) $ 4,092 $ (21,968 ) Operating Expenses (Credit) (a) (12,534 ) 73,872 68,836 Operating Loss $ (83,700 ) $ (69,780 ) $ (90,804 ) Total Assets $ 3,409,438 $ 4,394,179 $ 3,399,315 Total Net Revenue $ 2,764,289 $ 3,223,209 $ 2,565,540 Operating Expenses (a) 2,243,488 2,452,546 2,051,869 Operating Income $ 520,801 $ 770,663 $ 513,671 Total Assets $ 5,461,799 $ 6,740,382 $ 5,515,747 (a) Operating expenses include depreciation and amortization of property as set forth in table below. Year Ended December 31, 2022 2021 2020 Financial Advisory $ 8,669 $ 8,180 $ 5,795 Asset Management 9,390 5,618 3,730 Corporate 23,978 24,216 25,261 Total $ 42,037 $ 38,014 $ 34,786 Geographic Information Due to the highly integrated nature of international financial markets, the Company manages its business based on the profitability of the enterprise as a whole, not by geographic region. The Company’s revenue and identifiable assets are generally allocated based on the country or domicile of the legal entity providing the service. The following table sets forth the net revenue from, and identifiable assets for, the Company and its consolidated subsidiaries by geographic region allocated on the basis described above. In the table below, Americas principally includes the U.S., EMEA principally includes the U.K. and France, and Asia Pacific principally includes Australia. As of or for the Year Ended December 31, 2022 2021 2020 Net Revenue: Americas $ 1,477,774 $ 1,810,976 $ 1,529,501 EMEA 1,136,636 1,251,058 885,925 Asia Pacific 149,879 161,175 150,114 Total $ 2,764,289 $ 3,223,209 $ 2,565,540 Operating Income: Americas $ 239,593 $ 446,731 $ 373,976 EMEA 248,404 295,991 109,991 Asia Pacific 32,804 27,941 29,704 Total $ 520,801 $ 770,663 $ 513,671 Identifiable Assets: Americas $ 3,067,477 $ 3,604,272 $ 2,667,985 EMEA 2,218,147 2,933,180 2,534,172 Asia Pacific 176,175 202,930 313,590 Total $ 5,461,799 $ 6,740,382 $ 5,515,747

Consolidated VIEs

Consolidated VIEs	12 Months Ended
Consolidated VIEs	Dec. 31, 2022
Variable Interest Entity Measure Of Activity [Abstract]
Consolidated VIEs	2 1 . CONSOLIDATED VIEs The Company’s consolidated VIEs as of December 31, 2022 and 2021 include LGAC (see Note 1) and certain funds (“LFI Consolidated Funds”) that were established for the benefit of employees participating in the Company’s existing LFI deferred compensation arrangement. Lazard invests in these funds and is the investment manager and is therefore deemed to have both the power to direct the most significant activities of the funds and the right to receive benefits (or the obligation to absorb losses) that could potentially be significant to these funds. The assets of LFI Consolidated Funds, except as it relates to $115,666 and $140,371 of LFI held by Lazard Group as of December 31, 2022 and 2021, respectively, can only be used to settle the obligations of LFI Consolidated Funds. The Company’s consolidated VIE assets and liabilities for LFI Consolidated Funds as reflected in the consolidated statements of financial condition consist of the following at December 31, 2022 and 2021. December 2022 2021 ASSETS Cash and cash equivalents $ 3,644 $ 3,936 Customers and other receivables 240 305 Investments 186,300 204,062 Other assets 622 328 Total Assets $ 190,806 $ 208,631 LIABILITIES Deposits and other customer payables $ 528 $ 50 Other liabilities 448 910 Total Liabilities $ 976 $ 960

Schedule I - Condensed Financia

Schedule I - Condensed Financial Information of Registrant (Parent Company Only)	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Schedule I - Condensed Financial Information of Registrant (Parent Company Only)	LAZARD GROUP LLC (parent company only) CONDENSED STATEMENTS OF FINANCIAL CONDITION DECEMBER 31, 2022 AND 2021 (dollars in thousands) December 31, 2022 2021 ASSETS Cash and cash equivalents $ 142,793 $ 75,844 Due from subsidiaries of Lazard Ltd 509,375 478,913 Other receivables, net 12,658 497 Investments in subsidiaries, equity method 1,441,091 1,655,481 Other investments 234,371 566,162 Property, net 85,669 94,316 Operating lease right-of-use assets 295,369 313,554 Goodwill and other intangibles assets, net 148,796 148,796 Other assets 74,192 83,236 Total assets $ 2,944,314 $ 3,416,799 LIABILITIES AND MEMBERS’ EQUITY Liabilities: Accrued compensation and benefits $ 190,837 $ 265,120 Due to subsidiaries of Lazard Ltd 313,080 269,716 Operating lease liabilities 361,396 382,608 Senior debt 1,687,714 1,685,227 Other liabilities 32,918 38,358 Total liabilities 2,585,945 2,641,029 Commitments and contingencies MEMBERS’ EQUITY Members' equity 638,956 984,807 Accumulated other comprehensive loss, net of tax (280,587 ) (209,037 ) Total members’ equity 358,369 775,770 Total liabilities and members’ equity $ 2,944,314 $ 3,416,799 LAZARD GROUP LLC (parent company only) CONDENSED STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2022, 2021 AND 2020 (dollars in thousands) Year Ended December 31, 2022 2021 2020 REVENUE Equity in earnings of subsidiaries $ 607,764 $ 827,651 $ 632,560 Interest income 2,999 327 2,095 Other (20,255 ) 55,709 21,247 Total revenue 590,508 883,687 655,902 Interest expense 75,978 74,210 75,142 Net revenue 514,530 809,477 580,760 OPERATING EXPENSES Compensation and benefits 97,797 142,260 113,347 Professional services 7,720 6,457 6,328 Other 1,056 4,505 3,151 Total operating expenses 106,573 153,222 122,826 OPERATING INCOME 407,957 656,255 457,934 Provision for income taxes 3,775 1,760 1,058 NET INCOME $ 404,182 $ 654,495 $ 456,876 LAZARD GROUP LLC (parent company only) CONDENSED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2022, 2021 AND 2020 (dollars in thousands) Year Ended December 31, 2022 2021 2020 NET INCOME $ 404,182 $ 654,495 $ 456,876 OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX: Currency translation adjustments: Currency translation adjustments before reclassification (63,779 ) (48,401 ) 53,929 Adjustment for items reclassified to earnings 32 (7,516 ) - Employee benefit plans: Actuarial gain (loss) (net of tax expense (benefit) of $(5,437), $11,912 and $(2,040) for the years ended December 31, 2022, 2021 and 2020, respectively) (11,955 ) 34,666 (3,017 ) Adjustments for items reclassified to earnings (net of tax expense of $994, $1,609 and $1,476 for the years ended December 31, 2022, 2021 and 2020, respectively) 4,152 5,660 6,046 OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX (71,550 ) (15,591 ) 56,958 COMPREHENSIVE INCOME $ 332,632 $ 638,904 $ 513,834 LAZARD GROUP LLC (parent company only) CONDENSED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2022, 2021 AND 2020 (dollars in thousands) Year Ended December 31, 2022 2021 2020 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 404,182 $ 654,495 $ 456,876 Adjustments to reconcile net income to net cash provided by operating activities: Equity in earnings of subsidiaries (607,764 ) (827,651 ) (632,560 ) Deferred tax provision (benefit) 443 271 (324 ) Amortization of deferred expenses and share-based incentive compensation 341,317 346,981 308,306 Depreciation and amortization of property 12,722 10,775 10,435 Noncash lease expense 23,996 22,603 22,514 Distributions received from subsidiaries 757,968 651,362 458,821 Changes in operating assets and liabilities: Due to/from subsidiaries 16,806 80,921 51,271 Other investments 223,106 (352,359 ) (137,685 ) Other operating assets and liabilities (95,530 ) (21,778 ) 15,243 Net cash provided by operating activities 1,077,246 565,620 552,897 CASH FLOWS FROM INVESTING ACTIVITIES: Additions to property (3,912 ) (4,123 ) (6,383 ) Capital contribution to subsidiaries (6,257 ) (26,168 ) (65,023 ) Other investing activities (7,500 ) - - Net cash used in investing activities (17,669 ) (30,291 ) (71,406 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from: Contributions from members - 14,000 - Other financing activities 50 - 25 Payments for: Distributions to members (228,045 ) (233,234 ) (201,019 ) Settlement of share-based incentive compensation in satisfaction of tax withholding requirements (61,916 ) (68,012 ) (72,636 ) Purchase of Lazard Ltd Class A common stock (691,705 ) (406,149 ) (95,227 ) Other financing activities (11,012 ) (8,429 ) (7,024 ) Net cash used in financing activities (992,628 ) (701,824 ) (375,881 ) Net increase (decrease) in cash and cash equivalents 66,949 (166,495 ) 105,610 Cash and cash equivalents, January 1 75,844 242,339 136,729 Cash and cash equivalents, December 31 $ 142,793 $ 75,844 $ 242,339 LAZARD GROUP LLC (parent company only) NOTES TO CONDENSED FINANCIAL STATEMENTS 1. BASIS OF PRESENTATION The accompanying Lazard Group LLC condensed financial statements (the “Parent Company Financial Statements”), including the notes thereto, should be read in conjunction with the consolidated financial statements of Lazard Group LLC and its subsidiaries (the “Company”) and the notes thereto. The Parent Company Financial Statements as of December 31, 2022 and 2021, and for each of the three years in the period ended December 31, 2022, are prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenue and expenses, and the disclosures in the condensed financial statements. Management believes that the estimates utilized in the preparation of the condensed financial statements are reasonable. Actual results could differ materially from these estimates. The Parent Company Financial Statements include investments in subsidiaries, accounted for under the equity method.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
Significant Accounting Policies (Policies)	Dec. 31, 2022
Accounting Policies [Abstract]
Organization	Organization The accompanying consolidated financial statements are those of Lazard Group LLC and its subsidiaries (collectively referred to as “Lazard Group”, “we” or the “Company”). Lazard Group is a Delaware limited liability company, which is governed by an Amended and Restated Operating Agreement dated as of February 4, 2019 (the “Operating Agreement”). Lazard Ltd, a Bermuda holding company, and its subsidiaries (collectively referred to as “Lazard Ltd”) including its indirect investment in Lazard Group, is one of the world’s preeminent financial advisory and asset management firms that specializes in crafting solutions to the complex financial and strategic challenges of our clients. We serve a diverse set of clients around the world, including corporations, governments, institutions, partnerships and individuals. Lazard Ltd indirectly held 100% Lazard Group’s principal operating activities are included in two business segments: • Financial Advisory, which offers corporate, partnership, institutional, government, sovereign and individual clients across the globe a wide array of financial advisory services regarding strategic and mergers and acquisitions (“M&A”) advisory, capital markets advisory, shareholder advisory, restructuring and capital solutions, sovereign advisory, geopolitical advisory, capital raising and placement, and other strategic advisory matters, and • Asset Management, which offers a broad range of global investment solutions and investment and wealth management services in equity and fixed income strategies, asset allocation strategies, alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries and private clients. In addition, we record selected other activities in our Corporate segment, including management of cash, investments, deferred tax assets, outstanding indebtedness, certain contingent obligations, and certain assets and liabilities associated with (i) Lazard Group’s Paris-based subsidiary, Lazard Frères Banque SA (“LFB”), and (ii) a special purpose acquisition company sponsored by an affiliate of the Company, Lazard Growth Acquisition Corp. I (“LGAC”).
Basis of Presentation	Basis of Presentation The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company’s policy is to consolidate entities in which it has a controlling financial interest. The Company consolidates: • Voting interest entities (“VOEs”) where the Company holds a majority of the voting interest in such VOEs, and • Variable interest entities (“VIEs”) where the Company is the primary beneficiary having the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and the obligation to absorb losses of, or receive benefits from, the VIE that could be potentially significant to the VIE (see Note 21). When the Company does not have a controlling interest in an entity, but exerts significant influence over such entity’s operating and financial decisions, the Company either (i) applies the equity method of accounting in which it records a proportionate sha re of the entity’s net earnings or (ii) elects the option to measure its investment at fair value . Intercompany transactions and balances have been eliminated. The consolidated financial statements include Lazard Group and Lazard Group’s principal operating subsidiaries: Lazard Frères & Co. LLC (“LFNY”), a New York limited liability company, along with its subsidiaries, including Lazard Asset Management LLC and its subsidiaries (collectively referred to as “LAM”); the French limited liability companies Compagnie Financière Lazard Frères SAS (“CFLF”), along with its subsidiaries, LFB and Lazard Frères Gestion SAS (“LFG”), and Maison Lazard SAS and its subsidiaries; and Lazard & Co., Limited (“LCL”), through Lazard & Co., Holdings Limited (“LCH”), an English private limited company, together with their jointly owned affiliates and subsidiaries.
Lazard Growth Acquisition Corp. I	Lazard Growth Acquisition Corp. I In February 2021, LGAC consummated its $575,000 initial public offering (the “LGAC IPO”). LGAC is a special purpose acquisition company, incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (a “Business Combination”). LGACo 1 LLC, a Delaware series limited liability company and the Company’s subsidiary, is the sponsor of LGAC. LGAC is considered to be a VIE. The Company holds a controlling financial interest in LGAC through the sponsor’s ownership of Class B founder shares of LGAC. As a result, both LGAC and the sponsor are consolidated in the Company’s financial statements. The proceeds from the LGAC IPO of $575,000 are held in a trust account , until the earlier of: (i) the completion of a Business Combination and (ii) the distribution of the funds in the trust account to the LGAC shareholders in connection with the redemption of LGAC’s Class A ordinary shares, subject to certain conditions. Transaction costs, which consisted of a net underwriting fee of $8,500, $20,125 of non-cash deferred underwriting fees (included in “other liabilities” on the consolidated statements of financial condition) and $852 of other offering costs, were charged against the gross proceeds of the LGAC IPO, consistent with SEC Staff Accounting Bulletin (SAB) Topic 5. “Redeemable noncontrolling interests” of $583,471 associated with the publicly held LGAC Class A ordinary shares are recorded on the Company’s consolidated statements of financial condition as of December 31, 2022 at redemption value and classified as temporary equity in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity”. Changes in redemption value are recognized immediately as they occur and will adjust the carrying value of redeemable noncontrolling interests to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of redeemable noncontrolling interests shall be affected by credits or charges to additional paid-in-capital and noncontrolling interests attributable to certain members of LGACo 1 LLC based on pro rata ownership. The warrants exercisable for LGAC Class A ordinary shares that were issued in connection with the LGAC IPO (the “LGAC Warrants”) meet the definition of a liability under FASB ASC Topic 815 and are classified as derivative liabilities which are remeasured at fair value at each balance sheet date until exercised, with changes in fair value reported to earnings. See Note 7. LGAC redeemed all of its outstanding publicly held Class A ordinary shares, effective on or about February 23, 2023, because LGAC did not consummate a Business Combination within the time period required by its amended and restated memorandum and articles of association. There will be no redemption rights or liquidating distributions with respect to the LGAC warrants.
Foreign Currency Translation	Foreign Currency Translation— The consolidated financial statements are presented in U.S. Dollars. Many of the Company’s non-U.S. subsidiaries have a functional currency ( i.e. , the currency in which operational activities are primarily conducted) that is other than the U.S. Dollar, generally the currency of the country in which such subsidiaries are domiciled. Such subsidiaries’ assets and liabilities are translated into U.S. Dollars at year-end exchange rates, while revenue and expenses are translated at average exchange rates during the year based on the daily closing exchange rates. Adjustments that result from translating amounts from a subsidiary’s functional currency to U.S. Dollars are reported in “accumulated other comprehensive income (loss), net of tax” (“AOCI”). Foreign currency remeasurement gains and losses on transactions in non-functional currencies are included on the consolidated statements of operations. Foreign currency remeasurement gains (losses), net of gains and losses from forward foreign currency exchange rate contracts (see Note 7) amounted to $778, $(952) and $(904) for the years ended December 31, 2022, 2021 and 2020, respectively, and are included in “revenue-other” on the respective consolidated statements of operations.
Use of Estimates	Use of Estimates— The preparation of consolidated financial statements in conformity with U.S. GAAP requires the use of management’s estimates. In preparing the consolidated financial statements, management makes estimates and assumptions regarding: • valuations of assets and liabilities requiring fair value estimates including, but not limited to, investments, derivatives and assumptions used to value pension and other post-retirement plans; • the assessment of probability with respect to recognizing revenue; • the discount rate used to measure operating lease right-of-use assets and operating lease liabilities; • the adequacy of the allowance for credit losses; • the realization of deferred tax assets and adequacy of tax reserves for uncertain tax positions; • the outcome of litigation; • the carrying amount of goodwill and other intangible assets; • the vesting of share-based and other deferred compensation plan awards; and • other matters that affect the reported amounts and disclosure of contingencies in the consolidated financial statements. Estimates, by their nature, are based on judgment and available information. Therefore, actual results could differ from those estimates and could have a material impact on the consolidated financial statements.
Cash and Cash Equivalents	Cash and Cash Equivalents— The Company defines cash equivalents as short-term, highly liquid securities and cash deposits with original maturities of 90 days or less when purchased.
Deposits with Banks and Short-Term Investments	Deposits with Banks and Short-Term Investments— Represents LFB’s short-term deposits, including with the Banque de France and amounts placed by LFB in short-term, highly liquid securities with original maturities of 90 days or less when purchased. The level of these deposits and investments may be driven by the level of LFB demand deposits (which can fluctuate significantly on a daily basis) and by changes in asset allocation.
Restricted Cash	Restricted Cash— Primarily represents LGAC restricted cash (see Note 1) and other restricted cash deposits made by the Company, including those to satisfy the requirements of clearing organizations.
Receivables and Allowance for Credit Losses	Receivables and Allowance for Credit Losses— The Company’s receivables represent fee receivables, amounts due from customers and other receivables. The fee receivables are generally due within 60 days from the date of invoice, except as related to certain Restructuring services and certain Capital Raising activities, specifically Private Capital Advisory services, which have fee receivables due upon specified contractual payment terms. For customer loans within customers and other receivables, the Company has elected to apply the practical expedient, in accordance with the current expected credit losses (“CECL”) guidance for financial assets with collateral maintenance provisions, which generally results in no expected credit losses given that these loans are maintained with collateral having a fair value in excess of the carrying amount of the loans. Receivables are stated net of an estimated allowance for credit losses determined in accordance with the CECL model, for general credit risk of the overall portfolio and for specific accounts deemed uncollectible, which may include situations where a fee is in dispute. For fee receivables, the allowance for credit losses is determined together for all Financial Advisory fees, except for Private Capital Advisory given the different nature of the business, client composition, and risk characteristics. An allowance for credit losses is determined separately for Private Capital Advisory. In addition, a separate allowance for credit losses is determined for all Asset Management fees. The allowance is measured by the application of an average charge-off rate, determined annually based on historical bad debt charge-off experience, to the fee receivable balance of the respective services, adjusted for the specific allowance recognized based on current conditions of individual clients. The current conditions are considered on a quarterly basis and include the aging of the receivables, the client’s ability to make payments, and the Company’s relationship with the client. In addition, the Company also performs a qualitative assessment on a quarterly basis to monitor economic factors and other uncertainties that may require additional adjustment to the expected credit losses allowance. Financial Advisory and Asset Management fee receivables are generally deemed past due when they are outstanding 60 days from the date of invoice, except for certain transactions that include specific contractual payment terms that may vary from approximately one month to four years following the invoice date (as is the case for certain Private Capital Advisory fees) or may be subject to court approval (as is the case with Restructuring activities that include bankruptcy proceedings). In such cases, receivables are deemed past due when payment is not received by the agreed-upon contractual date or the court approval date, respectively. Financial Advisory and Asset Management fee receivables past due in excess of 180 days and 10 months, respectively, are generally fully provided for unless there is evidence that the balance is collectible. Notwithstanding our policy for receivables past due, any specific receivables that are deemed uncollectible result in specific reserves against such exposures. See Note 4 for additional information regarding the Company’s receivables and allowance for credit losses.
Investments	Investments— Investments in debt and marketable equity securities held either directly, or indirectly through asset management funds, at the Company’s broker-dealer and non broker-dealer subsidiaries are accounted for at fair value, with any increase or decrease in fair value recorded in earnings. Such amounts are reflected in “revenue-other” in the consolidated statements of operations. Investments also include interests in alternative investment funds and private equity funds, each accounted for at fair value , and investments accounted for under the equity method of accounting . Any increases or decreases in the carrying value of the investments accounted for at fair value and the Company’s share of net income or losses pertaining to its equity method investments are reflected in “revenue-other” in the consolidated statements of operations. Additionally, equity method investments are tested for impairment annually, or more frequently if circumstances indicate impairment may have occurred . Dividend income is reflected in “revenue-other” in the consolidated statements of operations. Securities transactions and the related revenue and expenses are recorded on a “trade date” basis. See Notes 5 and 6 for additional information regarding the Company’s investments.
Property-net	Property-net— Property is stated at cost less accumulated depreciation and amortization. Buildings are depreciated on a straight-line basis over their estimated useful lives. Leasehold improvements are capitalized and are amortized over the lesser of the economic useful life of the improvement or the term of the lease. Depreciation of furniture and equipment, including computer hardware and software, is determined on a straight-line basis using estimated useful lives. Depreciation and amortization expenses aggregating $42,037, $38,014 and $34,786 for the years ended December 31, 2022, 2021 and 2020, respectively, are included on the consolidated statements of operations in “occupancy and equipment” or “technology and information services”, depending on the nature of the underlying asset. Repairs and maintenance are expensed as incurred.
Operating Lease Right-of-use Assets and Operating Lease Liabilities	Operating Lease Right-of-use Assets and Operating Lease Liabilities— The Company determines if an arrangement is, or contains, a lease at its inception and reevaluates the arrangement if the terms are modified. Operating lease right-of-use assets (“ROU assets”) represent the right to use an underlying asset for the lease term and operating lease liabilities reflect the obligation to make lease payments arising from the lease. At any given time during the lease term, the operating lease liability represents the present value of the remaining lease payments and the operating lease ROU asset is measured at the amount of the lease liability, adjusted for rent prepayments, unamortized initial direct costs and the remaining balance of lease incentives received. Both the operating lease ROU asset and the operating lease liability are reduced to zero at the end of the lease. See Note 9 for additional information regarding the Company’s ROU assets and operating lease liabilities.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets— As goodwill has an indefinite life, it is required to be tested for impairment annually, or more frequently if circumstances indicate impairment may have occurred. The Company performs a qualitative evaluation about whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount in lieu of actually calculating the fair value of the reporting unit. Intangible assets that are not deemed to have an indefinite life are amortized over their estimated useful lives and are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. The pattern of amortization reflects the timing of the realization of the economic benefits of such intangible assets. For acquired customer contracts, the period of realization is deemed to be the period when the related revenue is recognized. This analysis is performed by comparing the carrying value of the intangible asset being reviewed for impairment to the current and expected future cash flows expected to be generated from such asset on an undiscounted basis, including eventual disposition. An impairment loss would be measured for the amount by which the carrying amount of the intangible asset exceeds its fair value. See Note 10 with respect to goodwill and other intangible assets.
Derivative Instruments	Derivative Instruments— A derivative is typically defined as a financial instrument whose value is “derived” from underlying assets, indices or reference rates, such as a future, forward, swap, warrant or option contract, or other financial instrument with similar characteristics. Derivative contracts often involve future commitments to exchange interest payment streams or currencies based on a notional or contractual amount ( e.g. , interest rate swaps or currency forwards) or to purchase or sell other financial instruments at specified terms on a specified date ( e.g. , options to buy or sell securities or currencies). The Company enters into forward foreign currency exchange rate contracts, interest rate swaps, interest rate futures, total return swap contracts on various equity and debt indices and other derivative contracts to economically hedge exposures to fluctuations in currency exchange rates, interest rates and equity and debt prices. The Company reports its derivative instruments separately as assets and liabilities unless a legal right of set-off exists under a master netting agreement enforceable by law , in which case the Company would net the applicable assets and liabilities and related receivable and payable for net cash collateral under such contracts . The Company’s derivative instruments are recorded at their fair value, and are included in “other assets” and “other liabilities” on the consolidated statements of financial condition. Gains and losses on the Company’s derivative instruments are generally included in “interest income” and “interest expense” or “revenue-other”, depending on the nature of the underlying item, in the consolidated statements of operations. In addition to the derivative instruments described above, the Company records derivative liabilities relating to its obligations pertaining to Lazard Fund Interests (“LFI”) and other similar deferred compensation arrangements, the fair value of which is based on the value of the underlying investments, adjusted for estimated forfeitures, and is included in “accrued compensation and benefits” in the consolidated statements of financial condition. Changes in the fair value of the derivative liabilities are included in “compensation and benefits” in the consolidated statements of operations, the impact of which equally offsets the changes in the fair value of investments which are currently expected to be delivered upon settlement of LFI and other similar deferred compensation arrangements, which are reported in “revenue-other” in the consolidated statements of operations. For information regarding LFI and other similar deferred compensation arrangements, see Notes 5, 7 and 15. For information regarding LGAC Warrants that are accounted for as derivative liabilities, see Notes 1 and 7.
Deposits and Other Customer Payables	Deposits and Other Customer Payables— Principally consists of LFB customer-related demand deposits.
Securities Sold, Not Yet Purchased	Securities Sold, Not Yet Purchased— Securities sold, not yet purchased represents liabilities for securities sold for which payment has been received and the obligations to deliver such securities are included within “other liabilities” in the consolidated statements of financial condition. These securities are accounted for at fair value, with any increase or decrease in fair value recorded in earnings in accordance with standard securities industry practices. Such gains and losses are reflected in “revenue-other” in the consolidated statements of operations
Fair Value of Financial Assets and Liabilities	Fair Value of Financial Assets and Liabilities— The majority of the Company’s financial assets and liabilities are recorded at fair value or at amounts that approximate fair value. Such assets and liabilities include cash and cash equivalents, deposits with banks and short-term investments, restricted cash, receivables, investments (excluding investments accounted for under the equity method of accounting), derivative instruments, deposits and other customer payables.
Redeemable Noncontrolling Interests	Redeemable Noncontrolling Interests— See Note 1 for information regarding interests in LGAC classified as temporary equity.
Investment Banking And Other Advisory Fees Policy	Investment Banking and Other Advisory Fees — Fees for Financial Advisory services are recorded when: (i) a contract with a client has been identified, (ii) the performance obligations in the contract have been identified, (iii) the fee or other transaction price has been determined, (iv) the fee or other transaction price has been allocated to each performance obligation in the contract, and (v) the Company has satisfied the applicable performance obligation. The expenses that are directly related to such transactions are recorded as incurred and presented within operating expenses when the Company is primarily responsible for fulfilling the promise of the arrangement. Revenues associated with the reimbursement of such expenses are recorded when the Company is contractually entitled to reimbursement and presented within investment banking and other advisory fees.
Asset Management Fees	Asset Management Fees —Fees for Asset Management services are primarily comprised of management fees and incentive fees. Management fees are derived from fees for investment management and other services provided to clients. Revenue is recorded in accordance with the same five criteria as Financial Advisory fees, which generally results in management fees being recorded on a daily, monthly or quarterly basis, primarily based on a percentage of client assets managed. Fees vary with the type of assets managed, with higher fees earned on equity assets, alternative investment (such as hedge fund) and private equity funds, and lower fees earned on fixed income and money market products. Expenses that are directly related to the sale or distribution of fund interests are recorded as incurred and presented within operating expenses when the Company is primarily responsible for fulfilling the promise of the arrangement. Revenues associated with the reimbursement of such expenses are recorded when the Company is contractually entitled to reimbursement and presented within asset management fees. In addition, the Company earns performance-based incentive fees on various investment products, including traditional products and alternative investment funds such as hedge funds and private equity funds. For hedge funds, incentive fees are calculated based on a specific percentage of a fund’s net appreciation, in some cases in excess of established benchmarks or thresholds. The Company records incentive fees on traditional products and hedge funds when a significant reversal in the amount of the cumulative revenue to be recognized is not probable, which is typically at the end of the relevant performance measurement period. The incentive fee measurement period is generally an annual period (unless an account is terminated during the year). The incentive fees received at the end of the measurement period are not subject to reversal or payback. Incentive fees on hedge funds generally are subject to loss carryforward provisions in which losses incurred by the hedge funds in any year are applied against certain gains realized by the hedge funds in future periods before any incentive fees can be earned. For private equity funds, incentive fees may be earned in the form of a “carried interest” if profits arising from realized investments exceed a specified threshold. Typically, such carried interest is ultimately calculated on a whole-fund or investment by investment basis and, therefore, clawback of carried interest toward the end of the life of the fund can occur. As a result, the Company recognizes incentive fees earned on our private equity funds when it is probable that a clawback will not occur. Receivables relating to asset management and incentive fees are reported in “fees receivable” on the consolidated statements of financial condition.
Equity-Based Incentive Compensation Awards	Equity-Based Incentive Compensation Awards— Equity-based incentive compensation awards that do not require future service are expensed immediately. Equity-based compensation awards that require future service are expensed over the applicable vesting period, or requisite service period, based on the fair value of Lazard Ltd’s Class A common stock (“common stock”), the only class of common stock of Lazard Ltd outstanding, on the date of grant. Compensation expense recognized for equity-based incentive compensation is determined based on the number of awards that in the Company’s estimate are considered probable of vesting (including as a result of any applicable performance conditions). Equity-based incentive compensation is recognized in “compensation and benefits” expense. Share-Based Incentive Plan Awards A description of Lazard Ltd’s 2018 Plan, 2008 Plan and 2005 Equity Incentive Plan (the “2005 Plan”) and activity with respect thereto during the years ended December 31, 2022, 2021 and 2020 is presented below. Shares Available Under the 2018 Plan, 2008 Plan and 2005 Plan The 2018 Plan became effective on April 24, 2018 and was amended on April 29, 2021 to increase the aggregate number of shares authorized for issuance under the 2018 Plan by 20,000,000 shares. The 2018 Plan replaced the 2008 Plan, which was terminated on April 24, 2018. The 2018 Plan originally authorized issuance of up to 30,000,000 shares of common stock, plus any shares of common stock that were subject to outstanding awards under the 2008 Plan as of March 14, 2018 that are forfeited, canceled or settled in cash following April 24, 2018, which was the date that the 2018 Plan was approved by our shareholders. Such shares may be issued pursuant to the grant or exercise of stock options, stock appreciation rights, restricted stock units (“RSUs”), performance-based restricted stock units (“PRSUs”), restricted stock awards (“RSAs”), profits interest participation rights, including performance-based restricted participation units (“PRPUs”), and other share-based awards. The 2008 Plan authorized the issuance of shares of common stock pursuant to the grant or exercise of stock options, stock appreciation rights, RSUs, PRSUs and other share-based awards. Under the 2008 Plan, the maximum number of shares available was based on a formula that limited the aggregate number of shares that could, at any time, be subject to awards that were considered “outstanding” under the 2008 Plan to 30% of the then-outstanding shares of common stock. The 2008 Plan was terminated on April 24, 2018, and no additional awards have been or will be granted under the 2008 Plan after its termination, although outstanding deferred stock unit (“DSU”) awards granted under the 2008 Plan before its termination continue to be subject to its terms. The 2005 Plan authorized the issuance of up to 25,000,000 shares of common stock pursuant to the grant or exercise of stock options, stock appreciation rights, RSUs and other share-based awards. The 2005 Plan expired in the second quarter of 2015, although outstanding DSU awards granted under the 2005 Plan before its expiration continue to be subject to its terms.
Income Taxes	Income Taxes— Deferred income taxes reflect the net tax effects of temporary differences between the financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when such differences are expected to reverse. Such temporary differences are reflected as deferred tax assets and deferred tax liabilities on the consolidated statements of financial condition. A deferred tax asset is recognized if it is more likely than not (defined as a likelihood of greater than 50%) that a tax benefit will be accepted by the relevant taxing authority. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized and, when necessary, a valuation allowance is established. The ultimate realization of the deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences become deductible. Management considers the following possible sources of taxable income when assessing the realization of deferred tax assets: • future reversals of existing taxable temporary differences; • future taxable income exclusive of reversing temporary differences and carryforwards; • taxable income in prior carryback years; and • tax-planning strategies. The assessment regarding whether a valuation allowance is required or should be adjusted also considers all available information, including the following: • nature, frequency, magnitude and duration of any past losses and current operating results; • duration of statutory carryforward periods; • historical experience with tax attributes expiring unused; and • near-term and medium-term financial outlook. The Company records tax positions taken or expected to be taken in a tax return based upon the Company’s estimates regarding the amount that is more likely than not to be realized or paid, including in connection with the resolution of any related appeals or other legal processes. Accordingly, the Company recognizes liabilities for certain unrecognized tax benefits based on the amounts that are more likely than not to be settled with the relevant taxing authority. The Company recognizes interest and/or penalties related to unrecognized tax benefits in “provision for income taxes”. See Note 17 for additional information relating to income taxes.
Fair Value Measurement Policy	Fair Value Hierarchy of Investments and Certain Other Assets and Liabilities —Lazard categorizes its investments and certain other assets and liabilities recorded at fair value into a three-level fair value hierarchy as follows: Level 1. Assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market that Lazard has the ability to access. Level 2. Assets and liabilities whose values are based on (i) quoted prices for similar assets or liabilities in an active market, or quoted prices for identical or similar assets or liabilities in non-active markets, or (ii) inputs other than quoted prices that are directly observable or derived principally from, or corroborated by, market data. Level 3. Assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect our own assumptions about the assumptions a market participant would use in pricing the asset or liability. Items included in Level 3 include securities or other financial assets whose trading volume and level of activity have significantly decreased when compared with normal market activity and there is no longer sufficient frequency or volume to provide pricing information on an ongoing basis. The fair value of debt is classified as Level 1 when the fair values are based on unadjusted quoted prices in active markets. The fair value of equities is classified as Level 1 or Level 3 as follows: marketable equity securities are classified as Level 1 and are valued based on the last trade price on the primary exchange for that security as provided by external pri cing services; equity interests in private companies are generally classified as Level 3. The fair value of investments in alternative investment funds, debt funds and equity funds is classified as Level 1 when the fair values are based on the publicly reported closing price for the fund. The fair value of investments in certain private equity funds is classified as Level 3 for (i) certain investments that are valued based on the potential transaction value and (ii) when the acquisition price is considered the best measure of fair value. The fair value of securities sold, not yet purchased, is classified as Level 1 when the fair values are based on unadjusted quoted prices in active markets. The fair value of derivatives entered into by the Company and classified as Level 1 is based on the listed market price of such instruments. The fair value of derivatives entered into by the Company and classified as Level 2 is based on the values of the related underlying assets, indices or reference rates as follows: the fair value of forward foreign currency exchange rate contracts is a function of the spot rate and the interest rate differential of the two currencies from the trade date to settlement date; the fair value of total return swaps is based on the change in fair value of the related underlying equity security, financial instrument or index and a specified notional holding; the fair value of interest rate swaps is based on the interest rate yield curve; and the fair value of derivative liabilities related to LFI and other similar deferred compensation arrangements is based on the value of the underlying investments, adjusted for forfeitures. The fair value of derivatives entered into by the Company and classified as Level 3 is based on a Black-Scholes valuation model that utilizes both observable and unobservable inputs. Unobservable inputs include model adjustments for valuation uncertainty. See Note 7. Investments Measured at Net Asset Value (“NAV”) —As a practical expedient, the Company uses NAV or its equivalent to measure the fair value of certain investments. NAV is primarily determined based on information provided by external fund administrators. The Company’s investments valued at NAV as a practical expedient in (i) alternative investment funds, debt funds and equity funds are redeemable in the near term, and (ii) private equity funds are not redeemable in the near term as a result of redemption restrictions.
Employer Contributions to Pension Plans	Employer Contributions to Pension Plans —The Company’s funding policy for its U.S. and non-U.S. pension plans is to fund when required or when applicable upon an agreement with the plans’ trustees. Management also evaluates from time to time whether to make voluntary contributions to the plans.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
Revenue Recognition (Tables)	Dec. 31, 2022
Revenue Recognition [Abstract]
Revenue Based on Business Segment Results	The Company disaggregates revenue based on its business segment results and believes that the following information provides a reasonable representation of how performance obligations relate to the nature, amount, timing and uncertainty of revenue and cash flows: Year Ended December 31, 2022 2021 2020 Net Revenue: Financial Advisory (a) $ 1,655,596 $ 1,794,132 $ 1,420,042 Asset Management: Management fees and other (b) $ 1,137,583 $ 1,304,582 $ 1,109,439 Incentive fees (c) 67,344 120,403 58,027 Total Asset Management $ 1,204,927 $ 1,424,985 $ 1,167,466 (a) Financial Advisory is comprised of a wide array of financial advisory services regarding M&A advisory, capital markets advisory, shareholder advisory, restructuring and capital solutions, sovereign advisory, capital raising and placement, and other strategic advisory work for clients. The benefits of these advisory services are generally transferred to the Company’s clients over time, and consideration for these advisory services typically includes transaction completion, transaction announcement and retainer fees. Retainer fees are generally fixed and recognized over the period in which the advisory services are performed. However, transaction announcement and transaction completion fees are variable and subject to constraints, and they are typically not recognized until there is an announcement date or a completion date, respectively, due to the uncertainty associated with those events. Therefore, in any given period, advisory fees recognized for certain transactions may relate to services performed in prior periods. The advisory fees that may be unrecognized as of the end of a reporting period, primarily comprised of fees associated with transaction announcements and transaction completions, generally remain unrecognized due to the uncertainty associated with those events. (b) Management fees and other is primarily comprised of management services. The benefits of these management services are transferred to the Company’s clients over time. Consideration for these management services generally includes management fees, which are based on assets under management and recognized over the period in which the management services are performed. The selling or distribution of fund interests is a separate performance obligation within management fees and other, and the benefits of such services are transferred to the Company’s clients at the point in time that such fund interests are sold or distributed. (c) Incentive fees is primarily comprised of management services. The benefits of these management services are transferred to the Company’s clients over time. Consideration for these management services is generally variable and includes performance or incentive fees. The fees allocated to these management services that are unrecognized as of the end of the reporting period are generally amounts that are subject to constraints due to the uncertainty associated with performance targets and clawbacks.

Receivables and Allowance for_2

Receivables and Allowance for Credit Losses (Tables)	12 Months Ended
Receivables and Allowance for Credit Losses (Tables)	Dec. 31, 2022
Receivables [Abstract]
Schedule of Activity in Allowance for Credit Losses	Activity in the allowance for credit losses for the years ended December 31, 2022, 2021 and 2020 was as follows: Year Ended December 31, 2022 2021 2020 Beginning Balance $ 33,955 $ 36,649 $ 27,130 Adjustment for adoption of new accounting guidance - - 7,571 Bad debt expense, net of reversals 1,769 3,805 3,995 Charge-offs, foreign currency translation and other adjustments (17,987 ) (6,499 ) (2,047 ) Ending Balance $ 17,737 $ 33,955 $ 36,649

Investments (Tables)

Investments (Tables)	12 Months Ended
Investments (Tables)	Dec. 31, 2022
Schedule Of Investments [Abstract]
Company's Investments and Securities Sold, Not Yet Purchased	The Company’s investments and securities sold, not yet purchased, consist of the following at December 31, 2022 and 2021: December 31, 2022 2021 Debt $ - $ 299,990 Equities 43,889 54,040 Funds: Alternative investments (a) 56,947 49,757 Debt (a) 178,556 164,952 Equity (a) 350,282 375,761 Private equity 53,822 46,589 639,607 637,059 Investments, at fair value 683,496 991,089 Equity method investments 15,481 16,250 Total investments $ 698,977 $ 1,007,339 Securities sold, not yet purchased, at fair value (included in “other liabilities”) $ 4,651 $ 6,828 (a) Interests in alternative investment funds, debt funds and equity funds include investments, including those held by LFI Consolidated Funds (see Note 21), with fair values of $24,137, $142,632 and $266,528, respectively, at December 31, 2022 and $18,326, $132,875 and $306,618, respectively, at December 31, 2021, held in order to satisfy the Company’s obligation upon vesting of previously granted LFI and other similar deferred compensation arrangements. LFI represent grants by the Company to eligible employees of actual or notional interests in a number of Lazard-managed funds, subject to service-based vesting conditions (see Notes 7 and 15).
Schedule of Equity Securities and Trading Debt Securities Net Unrealized Investment Gains and Losses	During the years ended December 31, 2022, 2021 and 2020, the Company reported in “revenue-other” on its consolidated statements of operations net unrealized investment gains and losses pertaining to equity securities and trading debt securities still held as of the reporting date as follows: Year Ended December 31, 2022 2021 2020 Net unrealized investment gains (losses) $ (92,793 ) $ 14,154 $ 49,719

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
Fair Value Measurements (Tables)	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Classification of Investments and Certain Other Assets and Liabilities Measured at Fair Value on Recurring Basis and Investments Measured at NAV	The following tables present, as of December 31, 2022 and 2021, the classification of (i) investments and certain other assets and liabilities measured at fair value on a recurring basis within the fair value hierarchy and (ii) investments measured at NAV or its equivalent as a practical expedient: December 31, 2022 Level 1 Level 2 Level 3 NAV Total Assets: Investments: Equities $ 43,243 $ - $ 646 $ - $ 43,889 Funds: Alternative investments 27,073 - - 29,874 56,947 Debt 178,552 - - 4 178,556 Equity 350,242 - - 40 350,282 Private equity - - 18,772 35,050 53,822 Derivatives - 14,554 - - 14,554 Total $ 599,110 $ 14,554 $ 19,418 $ 64,968 $ 698,050 Liabilities: Securities sold, not yet purchased $ 4,651 $ - $ - $ - $ 4,651 Derivatives 115 327,045 - - 327,160 Total $ 4,766 $ 327,045 $ - $ - $ 331,811 December 31, 2021 Level 1 Level 2 Level 3 NAV Total Assets: Investments: Debt $ 299,990 $ - $ - $ - $ 299,990 Equities 53,462 - 578 - 54,040 Funds: Alternative investments 24,972 - - 24,785 49,757 Debt 164,947 - - 5 164,952 Equity 375,712 - - 49 375,761 Private equity - - 293 46,296 46,589 Derivatives - 922 - - 922 Total $ 919,083 $ 922 $ 871 $ 71,135 $ 992,011 Liabilities: Securities sold, not yet purchased $ 6,828 $ - $ - $ - $ 6,828 Derivatives 10,005 362,240 - - 372,245 Total $ 16,833 $ 362,240 $ - $ - $ 379,073
Summary of Changes in Fair Value of Company's Level 3 Assets and Liabilities	The following tables provide a summary of changes in fair value of the Company’s Level 3 assets and liabilities for the years ended December 31, 2022, 2021 and 2020: Year Ended December 31, 2022 Beginning Balance Net Realized Gains/Losses Included In Earnings (a) Purchases/ Issuances Sales/ Settlements Foreign Currency Translation Adjustments Ending Balance Assets: Investments: Equities $ 578 $ 99 $ - $ - $ (31 ) $ 646 Private equity funds 293 - 18,000 (13 ) 492 18,772 Total Level 3 assets $ 871 $ 99 $ 18,000 $ (13 ) $ 461 $ 19,418 Year Ended December 31, 2021 Beginning Balance Net Unrealized/ Realized Gains/Losses Included In Earnings (a) Purchases/ Issuances Sales/ Settlements/ Transfers (b) Foreign Currency Translation Adjustments Ending Balance Assets: Investments: Equities $ 1,671 $ (796 ) $ - $ (235 ) $ (62 ) $ 578 Private equity funds 1,486 951 - (2,121 ) (23 ) 293 Total Level 3 assets $ 3,157 $ 155 $ - $ (2,356 ) $ (85 ) $ 871 Liabilities: Derivatives $ - $ - $ 11,500 $ (11,500 ) $ - $ - Total Level 3 liabilities $ - $ - $ 11,500 $ (11,500 ) $ - $ - Year Ended December 31, 2020 Beginning Balance Net Unrealized/ Realized Gains/Losses Included In Earnings (a) Purchases/ Issuances Sales/ Settlements Foreign Currency Translation Adjustments Ending Balance Assets: Investments: Equities $ 1,600 $ 73 $ - $ - $ (2 ) $ 1,671 Private equity funds 1,371 (190 ) 299 - 6 1,486 Total Level 3 assets $ 2,971 $ (117 ) $ 299 $ - $ 4 $ 3,157 (a) Earnings recorded in “other revenue” for investments in Level 3 assets for the years ended December 31, 2022, 2021 and 2020 include net unrealized gains (losses) of $99, $155 and $(117), respectively. (b) Transfers out of Level 3 private equity funds during the year ended December 31, 2021 reflect investments valued at NAV as of December 31, 2021. Transfers out of Level 3 derivatives during the year ended December 31, 2021 reflected transfers of derivative liabilities for LGAC Warrants to Level 1 principally due to a change in the inputs used to value these derivatives.
Financial Instruments Not Measured at Fair Value	Financial Instruments Not Measured at Fair Value— The tables below present the carrying value, fair value and fair value hierarchy category of certain financial instruments as of December 31, 2022 and 2021 that are not measured at fair value in the Company’s consolidated statement of financial condition. December 31, 2022 Fair Value Measurements Using: Carrying Value Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial Assets: Cash and cash equivalents $ 1,180,473 $ 1,180,473 $ 1,180,473 $ - $ - Deposits with banks and short-term investments 779,246 779,246 779,246 - - Restricted cash 625,381 625,381 625,381 - - Financing receivables 97,964 98,362 - - 98,362 Customer loans 128,890 128,890 - - 128,890 Other fees and customers and other receivables and amounts due from Lazard Ltd subsidiaries 499,910 499,910 499,910 - - Financial Liabilities: Deposits and other customer payables $ 921,834 $ 921,834 $ 921,834 $ - $ - Senior debt 1,687,714 1,601,917 - 1,601,917 - December 31, 2021 Fair Value Measurements Using: Carrying Value Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial Assets: Cash and cash equivalents $ 1,435,576 $ 1,435,576 $ 1,435,576 $ - $ - Deposits with banks and short-term investments 1,347,544 1,347,544 1,347,544 - - Restricted cash 617,448 617,448 617,448 - - Financing receivables 123,189 125,024 - - 125,024 Customer loans 122,229 122,229 - - 122,229 Other fees and customers and other receivables and amounts due from Lazard Ltd subsidiaries 618,879 618,879 618,879 - - Financial Liabilities: Deposits and other customer payables $ 1,442,701 $ 1,442,701 $ 1,442,701 $ - $ - Senior debt 1,685,227 1,884,690 - 1,884,690 -
Fair Value of Certain Investments Based on NAV	The following tables present, at December 31, 2022 and 2021, certain investments that are valued using NAV or its equivalent as a practical expedient in determining fair value: December 31, 2022 Investments Redeemable Fair Value Unfunded Commitments % of Fair Value Not Redeemable Redemption Frequency Redemption Notice Period Alternative Hedge funds $ 29,259 $ - NA (a) 30-60 days Other 615 - NA (b) <30-30 days Debt funds 4 - NA (c) <30 days Equity funds 40 - NA (d) <30-60 days Private equity funds: Equity growth 35,050 5,455 (e) 100 % (f) NA NA Total $ 64,968 $ 5,455 (a) monthly (68%) and quarterly (32%) (b) daily (5%) and monthly (95%) (c ) daily (100%) (d ) monthly (35%) and annually (65%) (e ) Unfunded commitments to private equity investments consolidated but not owned by Lazard of $8,003 are excluded. Such commitments are required to be funded by capital contributions from noncontrolling interest holders. (f ) Distributions from each fund will be received as the underlying investments of the funds are liquidated. December 31, 2021 Investments Redeemable Fair Value Unfunded Commitments % of Fair Value Not Redeemable Redemption Frequency Redemption Notice Period Alternative Hedge funds $ 24,162 $ - NA (a) 30-60 days Other 623 - NA (b) <30-30 days Debt funds 5 - NA (c) <30 days Equity funds 49 - NA (d) <30-60 days Private equity funds: Equity growth 46,296 5,597 (e) 100 % (f) NA NA Total $ 71,135 $ 5,597 (a) monthly (79%) and quarterly (21%) (b) daily (8%) and monthly (92%) (c) daily (100%) (d) monthly (36%) and annually (64%) (e) Unfunded commitments to private equity investments consolidated but not owned by Lazard of $9,128 are excluded. Such commitments are required to be funded by capital contributions from noncontrolling interest holders. (f) Distributions from each fund will be received as the underlying investments of the funds are liquidated.

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
Derivatives (Tables)	Dec. 31, 2022
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Fair Values of Derivatives Reported on Consolidated Statements of Financial Condition	The tables below present the fair value of the Company’s derivative instruments reported within “other assets” and “other liabilities” and the fair value of the Company’s derivative liabilities relating to its obligations pertaining to LFI and other similar deferred compensation arrangements reported within “accrued compensation and benefits” (see Note 15) on the accompanying consolidated statements of financial condition as of December 31, 2022 and 2021. Notional amounts provide an indication of the volume of the Company's derivative activity. Derivative assets and liabilities, as well as the related cash collateral from the same counterparty, have been netted on the consolidated statements of financial condition where the Company has obtained an appropriate legal opinion with respect to the master netting agreement. Where such a legal opinion has not been either sought or obtained, amounts are not eligible for netting on the consolidated statements of financial condition, and those derivative assets and liabilities are shown separately in the table below. In addition to the cash collateral received and transferred that is presented on a net basis with derivative assets and liabilities, the Company receives and transfers additional securities and cash collateral. These amounts mitigate counterparty credit risk associated with the Company’s derivative instruments, but are not eligible for net presentation on the consolidated statements of financial condition. December 31, 2022 Derivative Assets Derivative Liabilities Fair Value Notional Fair Value Notional Forward foreign currency exchange rate contracts $ 1,356 $ 170,103 $ 921 $ 128,098 Total return swaps and other 13,427 155,026 72 1,398 LGAC Warrants - - 115 11,500 LFI and other similar deferred compensation arrangements - - 326,282 338,126 Total gross derivatives 14,783 $ 325,129 327,390 $ 479,122 Counterparty and cash collateral netting: Forward foreign currency exchange rate contracts (157 ) (158 ) Total return swaps and other (72 ) (72 ) Net derivatives in "other assets" and "other liabilities" 14,554 327,160 Amounts not netted (a): Cash collateral - - Securities collateral - - $ 14,554 $ 327,160 December 31, 2021 Derivative Assets Derivative Liabilities Fair Value Notional Fair Value Notional Forward foreign currency exchange rate contracts $ 1,005 $ 253,059 $ 761 $ 174,550 Total return swaps and other 1,052 20,888 13,709 83,706 LGAC Warrants - - 10,005 11,500 LFI and other similar deferred compensation arrangements - - 358,877 301,478 Total gross derivatives 2,057 $ 273,947 383,352 $ 571,234 Counterparty and cash collateral netting: Forward foreign currency exchange rate contracts (83 ) (83 ) Total return swaps and other (1,052 ) (11,024 ) Net derivatives in "other assets" and "other liabilities" 922 372,245 Amounts not netted (a): Cash collateral - (2,476 ) Securities collateral - (391 ) $ 922 $ 369,378 (a) Amounts are subject to master netting arrangements but do not meet the criteria for netting on the consolidated statements of financial condition under U.S. GAAP. For some counterparties, the collateral amounts of securities and cash collateral pledged may exceed the derivative assets and derivative liabilities balances. Where this is the case, the total amount reported is limited to the net derivative assets and net derivative liabilities balances with that counterparty.
Net Gains and (Losses) With Respect To Derivative Instruments (Including Derivatives Not Designed As Hedging Instruments)	Net gains (losses) with respect to derivative instruments (included in “revenue-other”) and the Company’s derivative liabilities relating to its obligations pertaining to LFI and other similar deferred compensation arrangements (included in “compensation and benefits” expense) as reflected on the accompanying consolidated statements of operations for the years ended December 31, 2022, 2021 and 2020, were as follows: Year Ended December 31, 2022 2021 2020 Forward foreign currency exchange rate contracts $ 4,721 $ 11,007 $ (8,356 ) LFI and other similar deferred compensation arrangements 44,261 (35,494 ) (40,634 ) LGAC Warrants 9,890 1,495 - Total return swaps and other 23,212 (14,460 ) (9,236 ) Total $ 82,084 $ (37,452 ) $ (58,226 )

Property, Net (Tables)

Property, Net (Tables)	12 Months Ended
Property, Net (Tables)	Dec. 31, 2022
Property Plant And Equipment [Abstract]
Components of Property	At December 31, 2022 and 2021, property consisted of the following: Estimated Depreciable December 31, Life in Years 2022 2021 Buildings 33 $ 135,103 $ 143,464 Leasehold improvements 3-20 207,285 208,363 Furniture and equipment 3-10 235,684 217,984 Construction in progress 65,560 46,052 Total 643,632 615,863 Less - Accumulated depreciation and amortization 393,595 366,215 Property, net $ 250,037 $ 249,648

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Dec. 31, 2022
Leases [Abstract]
Summary of Components of Operating Lease Expense	The following table summarizes the components of operating lease expense reflected on the accompanying consolidated statements of operations for the years ended December 31, 2022, 2021 and 2020: Year Ended December 31, 2022 2021 2020 Operating lease cost $ 78,259 $ 86,023 $ 85,666 Variable lease cost 20,968 21,056 21,277 Sublease income (4,969 ) (7,303 ) (6,827 ) Total $ 94,258 $ 99,776 $ 100,116
Summary of Supplemental Cash Flow Information and Certain Other Information Related to Operating Leases	The following table summarizes the supplemental cash flow information and certain other information related to operating leases for the years ended December 31, 2022 and 2021: Year Ended December 31, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 81,219 $ 92,051 Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 33,531 $ 36,172 Weighted average remaining lease term 9 years 10 years Weighted average discount rate 3.7 % 3.6 %
Summary of Maturities of Operating Lease Liabilities Outstanding	Maturities of the operating lease liabilities outstanding at December 31, 2022 for each of the years in the period ending December 31, 2027 and thereafter are set forth in the table below. Year Ending December 31, 2023 $ 78,717 2024 76,249 2025 65,788 2026 58,316 2027 57,415 Thereafter 264,270 Total lease payments 600,755 Less - Discount 88,025 Operating lease liabilities $ 512,730

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
Goodwill and Other Intangible Assets (Tables)	Dec. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Components of Goodwill and Other Intangible Assets	The components of goodwill and other intangible assets at December 31, 2022 and 2021 are presented below: December 2022 2021 Goodwill $ 356,369 $ 357,187 Other intangible assets (net of accumulated amortization) 90 150 $ 356,459 $ 357,337
Changes in Carrying Amount of Goodwill	Changes in the carrying amount of goodwill for the years ended December 31, 2022, 2021 and 2020 are as follows: Year Ended December 31, 2022 2021 2020 Balance, January 1 $ 357,187 $ 361,682 $ 350,029 Foreign currency translation adjustments (818 ) (4,495 ) 11,653 Balance, December 31 $ 356,369 $ 357,187 $ 361,682

Other Assets and Other Liabil_2

Other Assets and Other Liabilities (Tables)	12 Months Ended
Other Assets and Other Liabilities (Tables)	Dec. 31, 2022
Text Block [Abstract]
Schedule of Other Assets	The following table sets forth the Company’s other assets, by type, as of December 31, 2022 and 2021: December 31, 2022 2021 Current income and other tax receivables $ 55,193 $ 39,703 Prepaid compensation (see Note 15) 112,124 108,049 Other advances and prepayments 105,653 130,056 Other 103,226 85,556 Total $ 376,196 $ 363,364
Schedule of Other Liabilities	The following table sets forth the Company’s other liabilities, by type, as of December 31, 2022 and 2021: December 31, 2022 2021 Accrued expenses $ 195,218 $ 196,957 Current income taxes and other taxes 110,998 166,304 Employee benefit-related liabilities 30,580 53,624 Unclaimed funds at LFB 16,435 17,443 Deferred revenue (a) 137,330 130,664 Securities sold, not yet purchased 4,651 6,828 Deferred offering costs 20,125 20,125 Other 16,631 30,158 Total $ 531,968 $ 622,103 (a) Deferred revenue primarily relates to cash received for carried interest subject to clawback and unearned advisory fees received from private equity investments. Revenue recognized during the year ended December 31, 2022 that was included in the deferred revenue balance as of December 31, 2021 was $44,840.

Senior Debt (Tables)

Senior Debt (Tables)	12 Months Ended
Senior Debt (Tables)	Dec. 31, 2022
Debt Disclosure [Abstract]
Senior Debt	Senior debt is comprised of the following as of December 31, 2022 and 2021: Outstanding as of Initial Annual December 31, 2022 December 31, 2021 Principal Amount Maturity Date Interest Rate(a) Principal Unamortized Debt Costs Carrying Value Principal Unamortized Debt Costs Carrying Value Lazard Group 2025 Senior Notes $ 400,000 2/13/25 3.75 % $ 400,000 $ 1,003 $ 398,997 $ 400,000 $ 1,476 $ 398,524 Lazard Group 2027 Senior Notes 300,000 3/1/27 3.625 % 300,000 1,625 298,375 300,000 2,015 297,985 Lazard Group 2028 Senior Notes 500,000 9/19/28 4.50 % 500,000 4,864 495,136 500,000 5,716 494,284 Lazard Group 2029 Senior Notes 500,000 3/11/29 4.375 % 500,000 4,794 495,206 500,000 5,566 494,434 Total $ 1,700,000 $ 12,286 $ 1,687,714 $ 1,700,000 $ 14,773 $ 1,685,227 (a) The effective interest rates of Lazard Group’s 3.75% senior notes due February 13, 2025 (the “2025 Notes”), Lazard Group’s 3.625% senior notes due March 1, 2027 (the “2027 Notes”), Lazard Group’s 4.50% senior notes due September 19, 2028 (the “2028 Notes”) and Lazard Group’s 4.375% senior notes due March 11, 2029 (the “2029 Notes”) are 3.87%, 3.76%, 4.67% and 4.53%, respectively.
Debt Maturities Relating to Senior Borrowings Outstanding	Debt maturities relating to senior borrowings outstanding at December 31, 2022 for each of the five years in the period ending December 31, 2027 and thereafter are set forth in the table below. Year Ending December 31, 2023 - 2024 $ - 2025 400,000 2026 - 2027 300,000 Thereafter 1,000,000 Total $ 1,700,000

Members' Equity (Tables)

Members' Equity (Tables)	12 Months Ended
Members' Equity (Tables)	Dec. 31, 2022
Equity [Abstract]
Schedule of Share Repurchase Authorized by Board of Directors	Share Repurchase Program —During 2021 and through the year ended December 31, 2022, the Board of Directors of Lazard authorized the repurchase of common stock as set forth in the table below. Date Repurchase Authorization Expiration April 2021 $ 300,000 December 31, 2022 February 2022 $ 300,000 December 31, 2024 July 2022 $ 500,000 December 31, 2024
Schedule of Shares Repurchased Under the Share Repurchase Program	The Company expects that the share repurchase program will continue to be used to offset a portion of the shares that have been or will be issued under the Lazard Ltd 2008 Incentive Compensation Plan (the “2008 Plan”) and the Lazard Ltd 2018 Incentive Compensation Plan, as amended (the “2018 Plan”). Pursuant to the share repurchase program, purchases have been made in the open market or through privately negotiated transactions. The rate at which the Company purchases shares in connection with the share repurchase program may vary from period to period due to a variety of factors. Purchases with respect to such program are set forth in the table below: Year Ended December 31: Number of Shares Purchased Average Price Per Share 2020 2,912,035 $ 32.70 2021 9,124,295 $ 44.51 2022 19,666,798 $ 35.17
Accumulated Other Comprehensive Income (Loss), Net of Tax	Accumulated Other Comprehensive Income (Loss), Net of Tax —The tables below reflect the balances of each component of AOCI at December 31, 2022, 2021 and 2020 and activity during the years then ended: Currency Translation Adjustments Employee Benefit Plans Total AOCI Amount Attributable to Noncontrolling Interests Total Lazard Group AOCI Balance, January 1, 2022 $ (76,355 ) $ (132,680 ) $ (209,035 ) $ 2 $ (209,037 ) Activity: Other comprehensive loss before reclassifications (63,779 ) (11,955 ) (75,734 ) - (75,734 ) Adjustments for items reclassified to earnings, net of tax 32 4,152 4,184 - 4,184 Net other comprehensive loss (63,747 ) (7,803 ) (71,550 ) - (71,550 ) Balance, December 31, 2022 $ (140,102 ) $ (140,483 ) $ (280,585 ) $ 2 $ (280,587 ) Currency Translation Adjustments Employee Benefit Plans Total AOCI Amount Attributable to Noncontrolling Interests Total Lazard Group AOCI Balance, January 1, 2021 $ (20,438 ) $ (173,006 ) $ (193,444 ) $ 2 $ (193,446 ) Activity: Other comprehensive income (loss) before reclassifications (48,401 ) 34,666 (13,735 ) - (13,735 ) Adjustments for items reclassified to earnings, net of tax (7,516 ) 5,660 (1,856 ) - (1,856 ) Net other comprehensive income (loss) (55,917 ) 40,326 (15,591 ) - (15,591 ) Balance, December 31, 2021 $ (76,355 ) $ (132,680 ) $ (209,035 ) $ 2 $ (209,037 ) Currency Translation Adjustments Employee Benefit Plans Total AOCI Amount Attributable to Noncontrolling Interests Total Lazard Group AOCI Balance, January 1, 2020 $ (74,369 ) $ (176,035 ) $ (250,404 ) $ - $ (250,404 ) Activity: Other comprehensive income (loss) before reclassifications 53,931 (3,017 ) 50,914 2 50,912 Adjustments for items reclassified to earnings, net of tax - 6,046 6,046 - 6,046 Net other comprehensive income 53,931 3,029 56,960 2 56,958 Balance, December 31, 2020 $ (20,438 ) $ (173,006 ) $ (193,444 ) $ 2 $ (193,446 )
Adjustments for Items Reclassified Out of AOCI	The table below reflects adjustments for items reclassified out of AOCI, by component, for the years ended December 31, 2022, 2021 and 2020: Year Ended December 31, 2022 2021 2020 Currency translation losses (gains) (a) $ 32 $ (7,516 ) $ - Employee benefit plans: Amortization relating to employee benefit plans (b) 5,146 7,269 7,522 Less - related income taxes 994 1,609 1,476 4,152 5,660 6,046 Total reclassifications, net of tax $ 4,184 $ (1,856 ) $ 6,046 (a) Represents currency translation losses (gains) reclassified to earnings out of AOCI associated with restructuring and closing of certain of our offices. Such amounts are included in “revenue–other” on the consolidated statements of operations. (b) Included in the computation of net periodic benefit cost (see Note 16). Such amounts are included in “operating expenses–other” on the consolidated statements of operations.
Net Income (Loss) Attributable to Noncontrolling Interests and Noncontrolling Interests at the End of the Period	The tables below summarize net income (loss) attributable to noncontrolling interests for the years ended December 31, 2022, 2021 and 2020 and noncontrolling interests as of December 31, 2022 and 2021 in the Company’s consolidated financial statements: Net Income (Loss) Attributable to Noncontrolling Interests Year Ended December 31, 2022 2021 2020 Edgewater $ 31,314 $ 10,466 $ (2,349 ) LFI Consolidated Funds (11,415 ) 7,950 2,577 LGAC 15,064 (3,940 ) - Other 3 5 3 Total $ 34,966 $ 14,481 $ 231 Noncontrolling Interests as of December 31, 2022 2021 Edgewater $ 44,681 $ 44,826 LFI Consolidated Funds 74,164 67,299 LGAC (10,714 ) (13,445 ) Other 13 16 Total $ 108,144 $ 98,696

Incentive Plans (Tables)

Incentive Plans (Tables)	12 Months Ended
Incentive Plans (Tables)	Dec. 31, 2022
Summary of Impact of Share-Based Incentive Plans on Compensation and Benefits Expense	The following reflects the amortization expense recorded with respect to share-based incentive plans within “compensation and benefits” expense (with respect to RSUs, PRSUs, RSAs and profits interest participation rights, including PRPUs) and “professional services” expense (with respect to DSUs) within the Company’s accompanying consolidated statements of operations: Year Ended December 31, 2022 2021 2020 Share-based incentive awards: RSUs $ 125,664 $ 124,895 $ 140,556 PRSUs 2,011 6,136 6,264 RSAs 23,923 17,765 27,976 Profits interest participation rights 86,810 83,046 41,293 DSUs 1,116 1,058 1,180 Total $ 239,524 $ 232,900 $ 217,269
Summary of LFI and Other Similar Deferred Compensation Arrangements	The following is a summary of activity relating to LFI and other similar deferred compensation arrangements during the year ended December 31, 2022: Prepaid Compensation Asset Compensation Liability Balance, January 1, 2022 $ 108,049 $ 358,877 Granted 167,654 167,654 Settled - (145,666 ) Forfeited (5,033 ) (16,894 ) Amortization (158,483 ) - Change in fair value related to: Change in fair value of underlying investments - (44,261 ) Adjustment for estimated forfeitures - 8,256 Other (63 ) (1,684 ) Balance, December 31, 2022 $ 112,124 $ 326,282 The following is a summary of the impact of LFI and other similar deferred compensation arrangements on “compensation and benefits” expense within the accompanying consolidated statements of operations for the years ended December 31, 2022, 2021 and 2020: Year Ended December 31, 2022 2021 2020 Amortization, net of forfeitures $ 154,878 $ 151,604 $ 119,441 Change in the fair value of underlying investments (44,261 ) 35,494 40,634 Total $ 110,617 $ 187,098 $ 160,075
Restricted Stock Units and Deferred Stock Units [Member]
Schedule of Activity Relating to Share-based Awards	The following is a summary of activity relating to RSUs and DSUs for the year ended December 31, 2022: RSUs DSUs Units Weighted Average Grant Date Fair Value Units Weighted Average Grant Date Fair Value Balance, January 1, 2022 8,150,782 $ 41.16 338,408 $ 38.01 Granted (including 455,287 RSUs relating to dividend participation) 5,329,456 $ 33.73 62,412 $ 35.78 Forfeited (310,646 ) $ 39.16 - $ - Settled (4,146,675 ) $ 38.71 - $ - Balance, December 31, 2022 9,022,917 $ 37.97 400,820 $ 37.66
Restricted Stock Awards Class A [Member]
Schedule of Activity Relating to Share-based Awards	The following is a summary of activity related to RSAs associated with compensation arrangements during the year ended December 31, 2022: RSAs Weighted Average Grant Date Fair Value Balance, January 1, 2022 871,227 $ 41.24 Granted (including 67,261 relating to dividend participation) 1,064,296 $ 33.37 Forfeited (81,178 ) $ 37.69 Settled (587,921 ) $ 36.63 Balance, December 31, 2022 1,266,424 $ 36.99
PRSUs [Member]
Schedule of Activity Relating to Share-based Awards	The following is a summary of activity relating to PRSUs during the year ended December 31, 2022: PRSUs Weighted Average Grant Date Fair Value Balance, January 1, 2022 32,394 $ 46.63 Granted 62,296 $ 35.44 Balance, December 31, 2022 94,690 $ 39.27
Profits Interest Participation Rights [Member]
Schedule of Activity Relating to Share-based Awards	The following is a summary of activity relating to profits interest participation rights, including PRPUs, during the year ended December 31, 2022: Profits Interest Participation Rights Weighted Average Grant Date Fair Value Balance, January 1, 2022 4,122,993 $ 41.50 Granted 1,521,103 $ 34.53 Forfeited (96,323 ) $ 38.92 Settled (1,902,756 ) $ 38.76 Performance units earned (a) 486,611 $ 40.64 Balance, December 31, 2022 (b) 4,131,628 $ 40.15 (a) Represents shares of common stock earned during the fiscal year under the performance criteria of previously-granted PRPU awards in excess of the target payout levels of such awards. (b) Table includes 2,447,224 PRPUs, which represents the target number of PRPUs granted and performance units earned, net of settlements as of December 31, 2022, including 2,001,174 PRPUs as of January 1, 2022 and 963,660 PRPUs granted and 486,611 performance units earned, net of 1,004,221 PRPUs settled during the year ended December 31, 2022. The weighted average grant date fair values for PRPUs and other profits interest participation rights outstanding as of January 1, 2022 were $41.82 and $41.20, respectively. The weighted average grant date fair values for PRPUs and other profits interest participation rights granted during the year ended December 31, 2022 were $35.44 and $32.95, respectively. The weighted average grant date fair values for other profits interest participation rights forfeited during the year ended December 31, 2022 were $38.92. The weighted average grant date fair values for PRPUs and other profits interest participation rights settled during the year ended December 31, 2022 were $38.86 and $38.65, respectively. The weighted average grant date fair values for PRPUs and other profits interest participation rights outstanding as of December 31, 2022 were $40.29 and $39.96, respectively.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
Employee Benefit Plans (Tables)	Dec. 31, 2022
Compensation And Retirement Disclosure [Abstract]
Summary of Changes in Benefit Obligations, Fair Value of Assets, Funded Status and Amounts Recognized in Consolidated Statements of Financial Condition	The following table summarizes the changes in the benefit obligations, the fair value of the assets, the funded status and amounts recognized in the consolidated statements of financial condition for the post-retirement plans. The Company uses December 31 as the measurement date for its post-retirement plans. Pension Plans 2022 2021 Change in benefit obligation Benefit obligation at beginning of year $ 731,978 $ 811,662 Service cost 543 876 Interest cost 11,130 8,679 Actuarial (gain) loss (203,009 ) (39,706 ) Benefits paid (29,357 ) (29,327 ) Settlements - (4,643 ) Foreign currency translation and other adjustments (71,235 ) (15,563 ) Benefit obligation at end of year 440,050 731,978 Change in plan assets Fair value of plan assets at beginning of year 782,463 799,895 Actual return on plan assets (215,237 ) 26,046 Employer contributions 4,206 4,493 Benefits paid (29,357 ) (29,327 ) Settlements - (4,643 ) Foreign currency translation and other adjustments (73,203 ) (14,001 ) Fair value of plan assets at end of year 468,872 782,463 Funded (deficit) at end of year $ 28,822 $ 50,485 Amounts recognized in the consolidated statements of financial condition at December 31, 2022 and 2021 consist of: Prepaid pension asset (included in “other assets”) $ 35,268 $ 78,058 Accrued benefit liability (included in “other liabilities”) (6,446 ) (27,573 ) Net amount recognized $ 28,822 $ 50,485 Amounts recognized in AOCI (excluding tax benefits of $29,813 and $25,370 at December 31, 2022 and 2021, respectively) consist of: Actuarial net loss $ 167,724 $ 155,052 Prior service cost 2,572 2,999 Net amount recognized $ 170,296 $ 158,051
Summary of Fair Value of Plan Assets, Accumulated Benefit Obligation and Projected Benefit Obligation	The following table summarizes the fair value of plan assets, the accumulated benefit obligation and the projected benefit obligation at December 31, 2022 and 2021: U.S. Pension Plans Non-U.S. Pension Plans Total As Of December 31, As Of December 31, As Of December 31, 2022 2021 2022 2021 2022 2021 Fair value of plan assets $ 14,983 $ 24,227 $ 453,889 $ 758,236 $ 468,872 $ 782,463 Accumulated benefit obligation $ 20,518 $ 31,543 $ 419,532 $ 700,435 $ 440,050 $ 731,978 Projected benefit obligation $ 20,518 $ 31,543 $ 419,532 $ 700,435 $ 440,050 $ 731,978
Components of Net Periodic Benefit Cost (Credit)	The following table summarizes the components of net periodic benefit cost (credit), the return on the Company’s post-retirement plan assets, benefits paid, contributions and other amounts recognized in AOCI for the years ended December 31, 2022, 2021 and 2020: Pension Plans For The Year Ended December 31, 2022 2021 2020 Components of Net Periodic Benefit Cost (Credit): Service cost $ 543 $ 876 $ 843 Interest cost 11,130 8,679 11,912 Expected return on plan assets (24,482 ) (26,077 ) (26,711 ) Amortization of: Prior service cost 106 118 111 Net actuarial loss 5,040 7,151 7,411 Settlement loss - 1,056 1,329 Net periodic benefit cost (credit) $ (7,663 ) $ (8,197 ) $ (5,105 ) Actual return on plan assets $ (215,237 ) $ 26,046 $ 86,248 Employer contributions $ 4,206 $ 4,493 $ 6,708 Benefits paid $ 29,357 $ 29,327 $ 30,272 Other changes in plan assets and benefit obligations recognized in AOCI (excluding tax expense (benefit) of $(4,443), $13,521 and $(564), during the years ended December 31, 2022, 2021 and 2020, respectively): Net actuarial (gain) loss $ 31,174 $ (40,717 ) $ (4,085 ) Reclassification of prior service (cost) credit to earnings (106 ) (118 ) (111 ) Reclassification of actuarial gain (loss) to earnings (5,040 ) (7,151 ) (7,411 ) Currency translation and other adjustments (13,783 ) (5,860 ) 9,142 Total recognized in AOCI $ 12,245 $ (53,846 ) $ (2,465 ) Net amount recognized in total periodic benefit cost and AOCI $ 4,582 $ (62,043 ) $ (7,570 )
Schedule of Assumptions Used to Develop Actuarial Present Value of Projected Benefit Obligation and Net Periodic Pension Cost	The assumptions used to develop actuarial present value of the projected benefit obligation and net periodic pension cost as of or for the years ended December 31, 2022, 2021 and 2020 are set forth below: Pension Plans December 31, 2022 2021 2020 Weighted average assumptions used to determine benefit obligations: Discount rate 4.7 % 1.8 % 1.3 % Weighted average assumptions used to determine net periodic benefit cost: Discount rate 2.1 % 1.1 % 1.6 % Expected long-term rate of return on plan assets 3.4 % 3.3 % 3.9 %
Schedule of Expected Benefit Payments	Expected Benefit Payments —The following table summarizes the expected benefit payments for the Company’s pension plans for each of the next five fiscal years and in the aggregate for the five fiscal years thereafter: Pension Plans 2023 $ 25,144 2024 27,605 2025 27,037 2026 27,459 2027 27,777 2028-2032 140,985
Schedule of Categorization of Plans' Assets	Plan Assets —The following tables present the categorization of our pension plans’ assets as of December 31, 2022 and 2021, measured at fair value, into a fair value hierarchy and investments measured at NAV or its equivalent as a practical expedient in accordance with fair value measurement disclosure requirements: As of December 31, 2022 Level 1 Level 2 Level 3 NAV (a) Total Assets: Cash $ 18,084 $ - $ - $ - $ 18,084 Debt 79,505 - - - 79,505 Equities 15,480 - - - 15,480 Funds: Alternative investments - - - 9,113 9,113 Debt 6,350 - - 220,141 226,491 Equity 49,041 49,297 - 7,138 105,476 Other - 14,723 - - 14,723 Total $ 168,460 $ 64,020 $ - $ 236,392 $ 468,872 As of December 31, 2021 Level 1 Level 2 Level 3 NAV (a) Total Assets: Cash $ 11,036 $ - $ - $ - $ 11,036 Debt 84,005 - - - 84,005 Equities 43,174 - - - 43,174 Funds: Alternative investments - - - 17,758 17,758 Debt 10,990 81,417 - 318,316 410,723 Equity 141,390 60,118 - 11,090 212,598 Other - 3,169 - - 3,169 Total $ 290,595 $ 144,704 $ - $ 347,164 $ 782,463 (a) Represents certain investments measured at NAV or its equivalent as a practical expedient in determining fair value. In accordance with current accounting guidance, these investments have not been classified in the fair value hierarchy.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Provision for Income Taxes	The components of the Company’s provision for income taxes for the years ended December 31, 2022, 2021 and 2020, and a reconciliation of the U.S. federal statutory income tax rate to the Company’s effective tax rates for such years, are shown below. Year Ended December 31, 2022 2021 2020 Current: Federal $ 248 $ (3,808 ) $ 2,207 Foreign 71,800 98,142 44,255 State and local 5,810 1,495 3,025 Total current 77,858 95,829 49,487 Deferred: Federal 5 82 95 Foreign 3,299 5,081 8,480 State and local 491 695 (1,498 ) Total deferred 3,795 5,858 7,077 Total $ 81,653 $ 101,687 $ 56,564
Schedule of Reconciliation of U.S. Federal Statutory Income Tax Rate to Effective Tax Rates	Year Ended December 31, 2022 2021 2020 U.S. federal statutory income tax rate 21.0 % 21.0 % 21.0 % Rate benefit for U.S. Partnership operations (21.0 ) (21.0 ) (21.0 ) Foreign taxes 15.0 13.3 9.6 State and local taxes 1.0 0.7 0.5 Uncertain tax positions (0.3 ) (0.3 ) 0.6 Other - (0.5 ) 0.3 Effective income tax rate 15.7 % 13.2 % 11.0 %
Schedule of Deferred Tax Assets and Liabilities	Details of the Company’s deferred tax assets and liabilities are as follows: December 31, 2022 2021 Deferred Tax Assets: Basis adjustments (a) $ 22 $ 68 Compensation and benefits 63,334 73,902 Net operating loss and tax credit carryforwards 76,509 72,777 Depreciation and amortization 1,168 5,534 Other 8,254 4,432 Gross deferred tax assets 149,287 156,713 Valuation allowance (80,347 ) (79,129 ) Deferred tax assets (net of valuation allowance) 68,940 77,584 Deferred Tax Liabilities: Depreciation and amortization 4,476 5,373 Compensation and benefits 22,927 32,189 Goodwill 1,512 836 Other 6,344 9,087 Deferred tax liabilities 35,259 47,485 Net deferred tax assets $ 33,681 $ 30,099 (a) The basis adjustments recorded as of December 31, 2022 and 2021 are primarily the result of additional basis from acquisitions of interests.
Summary of Changes in Deferred Tax Assets Valuation Allowance	Changes in the deferred tax assets valuation allowance for the years ended December 31, 2022, 2021 and 2020 was as follows: Year Ended December 31, 2022 2021 2020 Beginning Balance $ 79,129 $ 76,728 $ 70,429 Charged (credited) to provision for income taxes 6,844 4,400 5,173 Charged (credited) to other comprehensive income and other (5,626 ) (1,999 ) 1,126 Ending Balance $ 80,347 $ 79,129 $ 76,728
Schedule of Gross Unrecognized Tax Benefits	A reconciliation of the beginning to the ending amount of gross unrecognized tax benefits (excluding interest and penalties) for the years ended December 31, 2022, 2021 and 2020 is as follows: Year Ended December 31, 2022 2021 2020 Balance, January 1 (excluding interest and penalties of $18,442, $18,745 and $18,161, respectively) $ 53,507 $ 55,725 $ 60,838 Increases in gross unrecognized tax benefits relating to tax positions taken during: Prior years 257 165 1,215 Current year 13,273 11,841 9,516 Decreases in gross unrecognized tax benefits relating to: Tax positions taken during prior years (975 ) (5,774 ) (9,814 ) Settlements with tax authorities (43 ) (134 ) (904 ) Lapse of the applicable statute of limitations (13,142 ) (8,316 ) (5,126 ) Balance, December 31 (excluding interest and penalties of $17,855, $18,442 and $18,745, respectively) $ 52,877 $ 53,507 $ 55,725
Schedule of Additional Information Relating to Unrecognized Tax Benefits	Additional information with respect to unrecognized tax benefits is as follows: Year Ended December 31, 2022 2021 2020 Unrecognized tax benefits at the end of the year that, if recognized, would favorably affect the effective tax rate (includes interest and penalties of $17,855, $18,442, and $18,745, respectively) $ 59,202 $ 61,452 $ 64,868 Unrecognized tax benefits that, if recognized, would not affect the effective tax rate $ 11,530 $ 10,497 $ 9,602 Interest and penalties recognized in current income tax expense (after giving effect to the reversal of interest and penalties of $6,344, $5,210 and $3,679, respectively) $ (587 ) $ (303 ) $ 584

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
Segment Information (Tables)	Dec. 31, 2022
Segment Reporting [Abstract]
Segment's Contribution with Respect to Net Revenue, Operating Expenses, Operating Income (Loss) and Total Assets	Management evaluates segment results based on net revenue and operating income (loss) and believes that the following information provides a reasonable representation of each segment’s contribution with respect to net revenue, operating income (loss) and total assets: As of or for the Year Ended December 31, 2022 2021 2020 Financial Advisory Net Revenue $ 1,655,596 $ 1,794,132 $ 1,420,042 Operating Expenses (a) 1,292,382 1,345,849 1,122,002 Operating Income $ 363,214 $ 448,283 $ 298,040 Total Assets $ 1,074,278 $ 1,217,654 $ 1,157,844 Asset Management Net Revenue $ 1,204,927 $ 1,424,985 $ 1,167,466 Operating Expenses (a) 963,640 1,032,825 861,031 Operating Income $ 241,287 $ 392,160 $ 306,435 Total Assets $ 978,083 $ 1,128,549 $ 958,588 Corporate Net Revenue (Loss) $ (96,234 ) $ 4,092 $ (21,968 ) Operating Expenses (Credit) (a) (12,534 ) 73,872 68,836 Operating Loss $ (83,700 ) $ (69,780 ) $ (90,804 ) Total Assets $ 3,409,438 $ 4,394,179 $ 3,399,315 Total Net Revenue $ 2,764,289 $ 3,223,209 $ 2,565,540 Operating Expenses (a) 2,243,488 2,452,546 2,051,869 Operating Income $ 520,801 $ 770,663 $ 513,671 Total Assets $ 5,461,799 $ 6,740,382 $ 5,515,747 (a) Operating expenses include depreciation and amortization of property as set forth in table below. Year Ended December 31, 2022 2021 2020 Financial Advisory $ 8,669 $ 8,180 $ 5,795 Asset Management 9,390 5,618 3,730 Corporate 23,978 24,216 25,261 Total $ 42,037 $ 38,014 $ 34,786
Schedule of Operating Income, Revenue and Identifiable Assets by Geographical Areas	The following table sets forth the net revenue from, and identifiable assets for, the Company and its consolidated subsidiaries by geographic region allocated on the basis described above. In the table below, Americas principally includes the U.S., EMEA principally includes the U.K. and France, and Asia Pacific principally includes Australia. As of or for the Year Ended December 31, 2022 2021 2020 Net Revenue: Americas $ 1,477,774 $ 1,810,976 $ 1,529,501 EMEA 1,136,636 1,251,058 885,925 Asia Pacific 149,879 161,175 150,114 Total $ 2,764,289 $ 3,223,209 $ 2,565,540 Operating Income: Americas $ 239,593 $ 446,731 $ 373,976 EMEA 248,404 295,991 109,991 Asia Pacific 32,804 27,941 29,704 Total $ 520,801 $ 770,663 $ 513,671 Identifiable Assets: Americas $ 3,067,477 $ 3,604,272 $ 2,667,985 EMEA 2,218,147 2,933,180 2,534,172 Asia Pacific 176,175 202,930 313,590 Total $ 5,461,799 $ 6,740,382 $ 5,515,747

Consolidated VIEs (Tables)

Consolidated VIEs (Tables)	12 Months Ended
Consolidated VIEs (Tables)	Dec. 31, 2022
Variable Interest Entity Measure Of Activity [Abstract]
Summary of Consolidated VIE Assets and Liabilities	The Company’s consolidated VIE assets and liabilities for LFI Consolidated Funds as reflected in the consolidated statements of financial condition consist of the following at December 31, 2022 and 2021. December 2022 2021 ASSETS Cash and cash equivalents $ 3,644 $ 3,936 Customers and other receivables 240 305 Investments 186,300 204,062 Other assets 622 328 Total Assets $ 190,806 $ 208,631 LIABILITIES Deposits and other customer payables $ 528 $ 50 Other liabilities 448 910 Total Liabilities $ 976 $ 960

Organization and Basis of Pre_2

Organization and Basis of Presentation - Additional Information (Detail)			1 Months Ended	12 Months Ended
	Feb. 23, 2023 USD ($)	Feb. 04, 2019	Feb. 28, 2021 USD ($)	Dec. 31, 2022 USD ($) Segment	Dec. 31, 2021 USD ($)
Organization And Basis Of Presentation [Line Items]
Governing operating agreement, date		Feb. 04, 2019
Number of business segments \| Segment				2
Redeemable noncontrolling interests				$ 583,471,000	$ 575,000,000
Subsequent Event [Member] \| LGAC Warrants [Member]
Organization And Basis Of Presentation [Line Items]
Redemption rights or liquidating distributions	$ 0
LGAC [Member]
Organization And Basis Of Presentation [Line Items]
LGAC IPO			$ 575,000,000
Redeemable noncontrolling interests				$ 583,471,000
LGAC [Member] \| Net Underwriting Fee [Member]
Organization And Basis Of Presentation [Line Items]
Net underwriting fee associated with the IPO of a special purpose acquisition company			8,500,000
LGAC [Member] \| Non-cash Deferred Underwriting Fees [Member]
Organization And Basis Of Presentation [Line Items]
Deferred costs associated with IPO of special purpose acquisition entity			20,125,000
LGAC [Member] \| Other Offering Cost [Member]
Organization And Basis Of Presentation [Line Items]
Other offering costs associated with IPO of special purpose acquisition entity			$ 852,000
Lazard Ltd [Member]
Organization And Basis Of Presentation [Line Items]
Percentage of common membership interests held				100%	100%

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Foreign currency remeasurement gains (losses), net of gains and losses from forward foreign currency exchange rate contracts	$ 778	$ (952)	$ (904)
Depreciation and amortization expenses	$ 42,037	$ 38,014	$ 34,786

Revenue Recognition - Represent

Revenue Recognition - Representation of Performance Obligations Relate to Nature, Amount, Timing and Uncertainty of Revenue and Cash Flows (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financial Advisory Segment [Member]
Disaggregation Of Revenue [Line Items]
Net Revenue	[1]	$ 1,655,596	$ 1,794,132	$ 1,420,042
Asset Management Segment [Member]
Disaggregation Of Revenue [Line Items]
Net Revenue		1,204,927	1,424,985	1,167,466
Asset Management Segment [Member] \| Management Fees and Other [Member]
Disaggregation Of Revenue [Line Items]
Net Revenue	[2]	1,137,583	1,304,582	1,109,439
Asset Management Segment [Member] \| Incentive Fees [Member]
Disaggregation Of Revenue [Line Items]
Net Revenue	[3]	$ 67,344	$ 120,403	$ 58,027

[1]Financial Advisory is comprised of a wide array of financial advisory services regarding M&A advisory, capital markets advisory, shareholder advisory, restructuring and capital solutions, sovereign advisory, capital raising and placement, and other strategic advisory work for clients. The benefits of these advisory services are generally transferred to the Company’s clients over time, and consideration for these advisory services typically includes transaction completion, transaction announcement and retainer fees. Retainer fees are generally fixed and recognized over the period in which the advisory services are performed. However, transaction announcement and transaction completion fees are variable and subject to constraints, and they are typically not recognized until there is an announcement date or a completion date, respectively, due to the uncertainty associated with those events. Therefore, in any given period, advisory fees recognized for certain transactions may relate to services performed in prior periods. The advisory fees that may be unrecognized as of the end of a reporting period, primarily comprised of fees associated with transaction announcements and transaction completions, generally remain unrecognized due to the uncertainty associated with those events.[2]Management fees and other is primarily comprised of management services. The benefits of these management services are transferred to the Company’s clients over time. Consideration for these management services generally includes management fees, which are based on assets under management and recognized over the period in which the management services are performed. The selling or distribution of fund interests is a separate performance obligation within management fees and other, and the benefits of such services are transferred to the Company’s clients at the point in time that such fund interests are sold or distributed.[3]Incentive fees is primarily comprised of management services. The benefits of these management services are transferred to the Company’s clients over time. Consideration for these management services is generally variable and includes performance or incentive fees. The fees allocated to these management services that are unrecognized as of the end of the reporting period are generally amounts that are subject to constraints due to the uncertainty associated with performance targets and clawbacks.

Receivables and Allowance for_3

Receivables and Allowance for Credit Losses - Schedule of Activity in Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Allowance For Doubtful Accounts Receivable Rollforward
Allowance for credit losses receivables, Beginning balance	$ 33,955	$ 36,649	$ 27,130
Adjustment for adoption of new accounting guidance			7,571
Bad debt expense, net of reversals	1,769	3,805	3,995
Charge-offs, foreign currency translation and other adjustments	(17,987)	(6,499)	(2,047)
Allowance for credit losses receivables, Ending balance	$ 17,737	$ 33,955	$ 36,649

Receivables and Allowance for_4

Receivables and Allowance for Credit Losses - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables	$ 97,964	$ 123,189
Customers and other	160,898	136,345
Aggregate carrying amount of other fees and customers and other receivables and amounts due from Lazard Ltd subsidiaries	499,910	618,879
Customer and Other Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customers and other	$ 128,890	$ 122,229

Investments - Company's Investm

Investments - Company's Investments and Securities Sold, Not Yet Purchased (Detail) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Total investments		$ 698,977	$ 1,007,339
Investments, at fair value		683,496	991,089
Equity method investments		15,481	16,250
Securities sold, not yet purchased, at fair value (included in "other liabilities")		4,651	6,828
Debt [Member]
Schedule of Investments [Line Items]
Total investments			299,990
Investments, at fair value			299,990
Equities [Member]
Schedule of Investments [Line Items]
Total investments		43,889	54,040
Investments, at fair value		43,889	54,040
Alternative Investment Funds [Member]
Schedule of Investments [Line Items]
Total investments	[1]	56,947	49,757
Investments, at fair value		56,947	49,757
Debt Funds [Member]
Schedule of Investments [Line Items]
Total investments	[1]	178,556	164,952
Investments, at fair value		178,556	164,952
Equity Funds [Member]
Schedule of Investments [Line Items]
Total investments	[1]	350,282	375,761
Investments, at fair value		350,282	375,761
Private Equity Funds [Member]
Schedule of Investments [Line Items]
Total investments		53,822	46,589
Investments, at fair value		53,822	46,589
Funds Total [Member]
Schedule of Investments [Line Items]
Total investments		$ 639,607	$ 637,059

[1]Interests in alternative investment funds, debt funds and equity funds include investments, including those held by LFI Consolidated Funds (see Note 21), with fair values of $24,137, $142,632 and $266,528, respectively, at December 31, 2022 and $18,326, $132,875 and $306,618, respectively, at December 31, 2021, held in order to satisfy the Company’s obligation upon vesting of previously granted LFI and other similar deferred compensation arrangements. LFI represent grants by the Company to eligible employees of actual or notional interests in a number of Lazard-managed funds, subject to service-based vesting conditions (see Notes 7 and 15).

Investments - Company's Inves_2

Investments - Company's Investments and Securities Sold, Not Yet Purchased (Parenthetical) (Detail) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Investments		$ 698,977	$ 1,007,339
Alternative Investment Funds [Member]
Schedule of Investments [Line Items]
Investments	[1]	56,947	49,757
Alternative Investment Funds [Member] \| Lazard Fund Interests [Member]
Schedule of Investments [Line Items]
Investments		24,137	18,326
Debt Funds [Member]
Schedule of Investments [Line Items]
Investments	[1]	178,556	164,952
Debt Funds [Member] \| Lazard Fund Interests [Member]
Schedule of Investments [Line Items]
Investments		142,632	132,875
Equity Funds [Member]
Schedule of Investments [Line Items]
Investments	[1]	350,282	375,761
Equity Funds [Member] \| Lazard Fund Interests [Member]
Schedule of Investments [Line Items]
Investments		$ 266,528	$ 306,618

[1]Interests in alternative investment funds, debt funds and equity funds include investments, including those held by LFI Consolidated Funds (see Note 21), with fair values of $24,137, $142,632 and $266,528, respectively, at December 31, 2022 and $18,326, $132,875 and $306,618, respectively, at December 31, 2021, held in order to satisfy the Company’s obligation upon vesting of previously granted LFI and other similar deferred compensation arrangements. LFI represent grants by the Company to eligible employees of actual or notional interests in a number of Lazard-managed funds, subject to service-based vesting conditions (see Notes 7 and 15).

Investments - Additional Inform

Investments - Additional Information (Detail) - Debt [Member] - U.S. Treasury Securities [Member]	12 Months Ended
	Dec. 31, 2022
Minimum [Member]
Schedule of Investments [Line Items]
US Treasury securities maturity period	3 months
Maximum [Member]
Schedule of Investments [Line Items]
US Treasury securities maturity period	1 year

Investments - Schedule of Equit

Investments - Schedule of Equity Securities and Trading Debt Securities Net Unrealized Investment Gains and Losses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net Realized Or Unrealized Gain Loss On Trading Securities [Abstract]
Net unrealized investment gains (losses)	$ (92,793)	$ 14,154	$ 49,719

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Classification of Investments and Certain Other Assets and Liabilities Measured at Fair Value on Recurring Basis and Investments Measured at NAV (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments	$ 683,496	$ 991,089
Derivative Assets	$ 14,554	$ 922
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Total investments measured at fair value	$ 698,050	$ 992,011
Securities sold, not yet purchased	4,651	6,828
Derivative Liabilities	$ 327,160	$ 372,245
Derivative Liability Statement Of Financial Position Extensible Enumeration	Other liabilities	Other liabilities
Total of Liabilities Measured at Fair Value	$ 331,811	$ 379,073
Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total investments measured at fair value	599,110	919,083
Securities sold, not yet purchased	4,651	6,828
Derivative Liabilities	115	10,005
Total of Liabilities Measured at Fair Value	4,766	16,833
Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative Assets	14,554	922
Total investments measured at fair value	14,554	922
Derivative Liabilities	327,045	362,240
Total of Liabilities Measured at Fair Value	327,045	362,240
Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total investments measured at fair value	19,418	871
NAV [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total investments measured at fair value	64,968	71,135
Equities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments	43,889	54,040
Equities [Member] \| Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments	43,243	53,462
Equities [Member] \| Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments	646	578
Alternative Investment Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments	56,947	49,757
Alternative Investment Funds [Member] \| Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments	27,073	24,972
Alternative Investment Funds [Member] \| NAV [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments	29,874	24,785
Debt Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments	178,556	164,952
Debt Funds [Member] \| Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments	178,552	164,947
Debt Funds [Member] \| NAV [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments	4	5
Equity Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments	350,282	375,761
Equity Funds [Member] \| Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments	350,242	375,712
Equity Funds [Member] \| NAV [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments	40	49
Private Equity Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments	53,822	46,589
Private Equity Funds [Member] \| Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments	18,772	293
Private Equity Funds [Member] \| NAV [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments	$ 35,050	46,296
Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments		299,990
Debt [Member] \| Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments		$ 299,990

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Changes in Fair Value of Company's Level 3 Assets and Liabilities (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets:
Beginning Balance	$ 871	$ 3,157	$ 2,971
Net Unrealized/Realized Gains/Losses Included In Earnings	$ 99	$ 155	$ (117)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other	Other	Other
Purchases/Issuance	$ 18,000		$ 299
Sales/Settlements/Transfers	(13)	$ (2,356)	0
Foreign Currency Translation Adjustments	461	(85)	4
Ending Balance	19,418	871	3,157
Liabilities:
Beginning Balance	0	0
Net Unrealized/Realized Gains/Losses Included In Earnings		0
Purchases/Issuance		11,500
Sales/Settlements/Transfers		(11,500)
Foreign Currency Translation Adjustments		0
Ending Balance		0	0
Derivatives [Member]
Liabilities:
Beginning Balance	0	0
Net Unrealized/Realized Gains/Losses Included In Earnings		0
Purchases/Issuance		11,500
Sales/Settlements/Transfers		(11,500)
Foreign Currency Translation Adjustments		0
Ending Balance		0	0
Equities [Member]
Assets:
Beginning Balance	578	1,671	1,600
Net Unrealized/Realized Gains/Losses Included In Earnings	99	(796)	73
Purchases/Issuance			0
Sales/Settlements/Transfers		(235)	0
Foreign Currency Translation Adjustments	(31)	(62)	(2)
Ending Balance	646	578	1,671
Private Equity Funds [Member]
Assets:
Beginning Balance	293	1,486	1,371
Net Unrealized/Realized Gains/Losses Included In Earnings		951	(190)
Purchases/Issuance	18,000		299
Sales/Settlements/Transfers	(13)	(2,121)	0
Foreign Currency Translation Adjustments	492	(23)	6
Ending Balance	$ 18,772	$ 293	$ 1,486

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Changes in Fair Value of Company's Level 3 Assets and Liabilities (Parenthetical) (Detail) - Level 3 Assets [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value of Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation [Line Items]
Net unrealized gains (losses)	$ 99	$ 155	$ (117)
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other	Other	Other

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value Option Quantitative Disclosures [Line Items]
No other transfers into or out of Level 3 in the fair value measurement hierarchy	$ 0	$ 0	$ 0
Unfunded Commitments	5,455,000	$ 5,597,000
EGCP III [Member]
Fair Value Option Quantitative Disclosures [Line Items]
Unfunded Commitments	$ 5,093,000
End of the investment period	Oct. 12, 2016
Remaining obligation date	Oct. 12, 2023

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments Not Measured at Fair Value (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financial Assets:
Cash and cash equivalents	$ 1,180,473	$ 1,435,576	$ 1,319,712
Deposits with banks and short-term investments	779,246	1,347,544	1,134,463
Restricted cash	625,381	617,448	$ 44,488
Other fees and customers and other receivables and amounts due from Lazard Ltd subsidiaries	499,910	618,879
Financial Liabilities:
Deposits and other customer payables	921,834	1,442,701
Senior debt	1,687,714	1,685,227
Carrying Value [Member]
Financial Assets:
Cash and cash equivalents	1,180,473	1,435,576
Deposits with banks and short-term investments	779,246	1,347,544
Restricted cash	625,381	617,448
Financing receivables	97,964	123,189
Customer loans	128,890	122,229
Other fees and customers and other receivables and amounts due from Lazard Ltd subsidiaries	499,910	618,879
Financial Liabilities:
Deposits and other customer payables	921,834	1,442,701
Senior debt	1,687,714	1,685,227
Fair Value [Member]
Financial Assets:
Deposits with banks and short-term investments	779,246	1,347,544
Restricted cash	625,381	617,448
Other fees and customers and other receivables and amounts due from Lazard Ltd subsidiaries	499,910	618,879
Cash and cash equivalents	1,180,473	1,435,576
Financing receivables	98,362	125,024
Customer loans	128,890	122,229
Financial Liabilities:
Deposits and other customer payables	921,834	1,442,701
Senior debt	1,601,917	1,884,690
Fair Value [Member] \| Level 1 [Member]
Financial Assets:
Deposits with banks and short-term investments	779,246	1,347,544
Restricted cash	625,381	617,448
Other fees and customers and other receivables and amounts due from Lazard Ltd subsidiaries	499,910	618,879
Cash and cash equivalents	1,180,473	1,435,576
Financial Liabilities:
Deposits and other customer payables	921,834	1,442,701
Fair Value [Member] \| Level 2 [Member]
Financial Liabilities:
Senior debt	1,601,917	1,884,690
Fair Value [Member] \| Level 3 [Member]
Financial Assets:
Financing receivables	98,362	125,024
Customer loans	$ 128,890	$ 122,229

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Certain Investments Based on NAV (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Fair Value	$ 64,968	$ 71,135
Unfunded Commitments	5,455	5,597
Hedge Funds [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Fair Value	$ 29,259	$ 24,162
Hedge Funds [Member] \| Monthly [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Investments Redeemable, Percent	68%	79%
Hedge Funds [Member] \| Quarterly [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Investments Redeemable, Percent	32%	21%
Hedge Funds [Member] \| Minimum [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Investments Redeemable, Redemption Notice Period	30 days	30 days
Hedge Funds [Member] \| Maximum [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Investments Redeemable, Redemption Notice Period	60 days	60 days
Other [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Fair Value	$ 615	$ 623
Other [Member] \| Monthly [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Investments Redeemable, Percent	95%	92%
Other [Member] \| Daily [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Investments Redeemable, Percent	5%	8%
Other [Member] \| Minimum [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Investments Redeemable, Redemption Notice Period	30 days	30 days
Other [Member] \| Maximum [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Investments Redeemable, Redemption Notice Period	30 days	30 days
Debt Funds [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Fair Value	$ 4	$ 5
Investments Redeemable, Redemption Notice Period	30 days	30 days
Debt Funds [Member] \| Daily [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Investments Redeemable, Percent	100%	100%
Equity Funds [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Fair Value	$ 40	$ 49
Equity Funds [Member] \| Annually [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Investments Redeemable, Percent	65%	64%
Equity Funds [Member] \| Monthly [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Investments Redeemable, Percent	35%	36%
Equity Funds [Member] \| Minimum [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Investments Redeemable, Redemption Notice Period	30 days	30 days
Equity Funds [Member] \| Maximum [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Investments Redeemable, Redemption Notice Period	60 days	60 days
Private Equity Funds [Member] \| Equity Growth [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Fair Value	$ 35,050	$ 46,296
Unfunded Commitments	$ 5,455	$ 5,597
% of Fair Value Not Redeemable	100%	100%

Fair Value Measurements - Fai_2

Fair Value Measurements - Fair Value of Certain Investments Based on NAV (Parenthetical) (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Unfunded Commitments	$ 5,455	$ 5,597
Private Equity Funds [Member] \| Consolidated But Not Owned [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items]
Unfunded Commitments	$ 8,003	$ 9,128

Derivatives - Fair Values of De

Derivatives - Fair Values of Derivatives Reported on Consolidated Statements of Financial Condition (Detail) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Derivative Assets, Fair Value		$ 14,783	$ 2,057
Derivative Assets, Notional		325,129	273,947
Derivative Liabilities, Fair Value		327,390	383,352
Derivative Liabilities, Notional		479,122	571,234
Derivative Assets, Fair Value, Counterparty and cash collateral netting		$ 14,554	$ 922
Derivative Asset, Statement of Financial Position [Extensible Enumeration]		Other assets	Other assets
Derivative Assets, Fair Value, Total		$ 14,554	$ 922
Derivative Liabilities, Fair Value, Counterparty and cash collateral netting		327,160	372,245
Derivative Liabilities, Fair Value, Amounts not netted, Cash collateral	[1]		(2,476)
Derivative Liabilities, Fair Value, Amounts not netted, Securities collateral	[1]		(391)
Derivative Liabilities, Fair Value, Total		327,160	369,378
Forward Foreign Currency Exchange Rate Contracts [Member]
Derivatives, Fair Value [Line Items]
Derivative Assets, Fair Value		1,356	1,005
Derivative Assets, Notional		170,103	253,059
Derivative Liabilities, Fair Value		921	761
Derivative Liabilities, Notional		128,098	174,550
Derivative Assets, Fair Value, Counterparty and cash collateral netting		(157)	(83)
Derivative Liabilities, Fair Value, Counterparty and cash collateral netting		(158)	(83)
Total Return Swaps and Other [Member]
Derivatives, Fair Value [Line Items]
Derivative Assets, Fair Value		13,427	1,052
Derivative Assets, Notional		155,026	20,888
Derivative Liabilities, Fair Value		72	13,709
Derivative Liabilities, Notional		1,398	83,706
Derivative Assets, Fair Value, Counterparty and cash collateral netting		(72)	(1,052)
Derivative Liabilities, Fair Value, Counterparty and cash collateral netting		(72)	(11,024)
LGAC Warrants [Member]
Derivatives, Fair Value [Line Items]
Derivative Liabilities, Fair Value		115	10,005
Derivative Liabilities, Notional		11,500	11,500
LFI and Other Similar Deferred Compensation Arrangements [Member]
Derivatives, Fair Value [Line Items]
Derivative Liabilities, Fair Value		326,282	358,877
Derivative Liabilities, Notional		338,126	301,478
Derivative Liabilities, Fair Value, Counterparty and cash collateral netting		326,282	358,877
Net derivatives in other assets" and "other liabilities" [Member]
Derivatives, Fair Value [Line Items]
Derivative Assets, Fair Value, Counterparty and cash collateral netting		14,554	922
Derivative Liabilities, Fair Value, Counterparty and cash collateral netting		$ 327,160	$ 372,245

[1]Amounts are subject to master netting arrangements but do not meet the criteria for netting on the consolidated statements of financial condition under U.S. GAAP. For some counterparties, the collateral amounts of securities and cash collateral pledged may exceed the derivative assets and derivative liabilities balances. Where this is the case, the total amount reported is limited to the net derivative assets and net derivative liabilities balances with that counterparty.

Derivatives - Net Gains (Losses

Derivatives - Net Gains (Losses) with Respect to Derivative Instruments Not Designated as Hedging Instruments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives instruments	$ 82,084	$ (37,452)	$ (58,226)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other	Other	Other
Forward Foreign Currency Exchange Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as hedging instruments	$ 4,721	$ 11,007	$ (8,356)
LFI and Other Similar Deferred Compensation Arrangements [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as hedging instruments	44,261	(35,494)	(40,634)
LGAC Warrants [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as hedging instruments	9,890	1,495
Total Return Swaps and Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as hedging instruments	$ 23,212	$ (14,460)	$ (9,236)

Property, Net - Components of P

Property, Net - Components of Property (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 643,632	$ 615,863
Less - Accumulated depreciation and amortization	393,595	366,215
Property, net	250,037	249,648
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 135,103	143,464
Property, plant and equipment, useful life	33 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 207,285	208,363
Leasehold Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Leasehold Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	20 years
Furniture and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 235,684	217,984
Furniture and Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Furniture and Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 65,560	$ 46,052

Leases - Summary of Components

Leases - Summary of Components of Operating Lease Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease cost	$ 78,259	$ 86,023	$ 85,666
Variable lease cost	20,968	21,056	21,277
Sublease income	(4,969)	(7,303)	(6,827)
Total	$ 94,258	$ 99,776	$ 100,116

Leases - Summary of Supplementa

Leases - Summary of Supplemental Cash Flow Information and Certain Other Information Related to Operating Leases (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 81,219	$ 92,051
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	$ 33,531	$ 36,172
Weighted average remaining lease term	9 years	10 years
Weighted average discount rate	3.70%	3.60%

Leases - Summary of Maturities

Leases - Summary of Maturities of Operating Lease Liabilities Outstanding (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
2023	$ 78,717
2024	76,249
2025	65,788
2026	58,316
2027	57,415
Thereafter	264,270
Total lease payments	600,755
Less - Discount	88,025
Operating lease liabilities	$ 512,730	$ 552,345

Leases - Additional Information

Leases - Additional Information (Detail) $ in Thousands	12 Months Ended
Leases - Additional Information (Detail) $ in Thousands	Dec. 31, 2022 USD ($)
Leases [Abstract]
Lease term	15 years
Undiscounted future lease payments	$ 130,000
Operating lease, description	These operating leases will commence between 2023 and 2024

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Components of Goodwill and Other Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	$ 356,369	$ 357,187	$ 361,682	$ 350,029
Other intangible assets (net of accumulated amortization)	90	150
Goodwill and other intangible assets, Total	$ 356,459	$ 357,337

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 356,369,000	$ 357,187,000	$ 361,682,000	$ 350,029,000
Goodwill impairment loss	0	0	0
Amortization of intangible assets related to acquisitions	60,000	60,000	$ 1,744,000
Financial Advisory Segment [Member]
Goodwill And Intangible Assets [Line Items]
Goodwill	291,828,000	292,646,000
Asset Management Segment [Member]
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 64,541,000	$ 64,541,000

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Changes in Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Beginning Balance	$ 357,187	$ 361,682	$ 350,029
Foreign currency translation adjustments	(818)	(4,495)	11,653
Ending Balance	$ 356,369	$ 357,187	$ 361,682

Other Assets and Other Liabil_3

Other Assets and Other Liabilities - Schedule of Other Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Current income and other tax receivables	$ 55,193	$ 39,703
Prepaid compensation (see Note 15)	112,124	108,049
Other advances and prepayments	105,653	130,056
Other	103,226	85,556
Total	$ 376,196	$ 363,364

Other Assets and Other Liabil_4

Other Assets and Other Liabilities - Schedule of Other Liabilities (Detail) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Accrued expenses		$ 195,218	$ 196,957
Current income taxes and other taxes		110,998	166,304
Employee benefit-related liabilities		30,580	53,624
Unclaimed funds at LFB		16,435	17,443
Deferred revenue (a)	[1]	137,330	130,664
Securities sold, not yet purchased		4,651	6,828
Deferred offering costs		20,125	20,125
Other		16,631	30,158
Total		$ 531,968	$ 622,103

[1]Deferred revenue primarily relates to cash received for carried interest subject to clawback and unearned advisory fees received from private equity investments. Revenue recognized during the year ended December 31, 2022 that was included in the deferred revenue balance as of December 31, 2021 was $44,840.

Other Assets and Other Liabil_5

Other Assets and Other Liabilities - Schedule of Other Liabilities (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Revenue recognized during the year	$ 44,840
Deferred revenue		$ 44,840

Senior Debt - Senior Debt (Deta

Senior Debt - Senior Debt (Detail) - USD ($)		12 Months Ended
Senior Debt - Senior Debt (Detail) - USD ($)		Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Senior Debt, Outstanding Principal		$ 1,700,000,000	$ 1,700,000,000
Senior Debt, Outstanding Unamortized Debt Costs		12,286,000	14,773,000
Senior Debt, Outstanding Carrying Value		1,687,714,000	$ 1,685,227,000
Lazard Group 3.75% Senior Notes [Member]
Debt Instrument [Line Items]
Senior Debt, Initial Principal Amount		$ 400,000,000
Senior Debt, Maturity Date		Feb. 13, 2025	Feb. 13, 2025
Senior Debt, Annual Interest Rate	[1]	3.75%
Senior Debt, Outstanding Principal		$ 400,000,000	$ 400,000,000
Senior Debt, Outstanding Unamortized Debt Costs		1,003,000	1,476,000
Senior Debt, Outstanding Carrying Value		398,997,000	$ 398,524,000
Lazard Group 3.625% Senior Notes [Member]
Debt Instrument [Line Items]
Senior Debt, Initial Principal Amount		$ 300,000,000
Senior Debt, Maturity Date		Mar. 01, 2027	Mar. 01, 2027
Senior Debt, Annual Interest Rate	[1]	3.625%
Senior Debt, Outstanding Principal		$ 300,000,000	$ 300,000,000
Senior Debt, Outstanding Unamortized Debt Costs		1,625,000	2,015,000
Senior Debt, Outstanding Carrying Value		298,375,000	$ 297,985,000
Lazard Group 4.50% Senior Notes [Member]
Debt Instrument [Line Items]
Senior Debt, Initial Principal Amount		$ 500,000,000
Senior Debt, Maturity Date		Sep. 19, 2028	Sep. 19, 2028
Senior Debt, Annual Interest Rate	[1]	4.50%
Senior Debt, Outstanding Principal		$ 500,000,000	$ 500,000,000
Senior Debt, Outstanding Unamortized Debt Costs		4,864,000	5,716,000
Senior Debt, Outstanding Carrying Value		495,136,000	$ 494,284,000
Lazard Group 4.375% Senior Notes [Member]
Debt Instrument [Line Items]
Senior Debt, Initial Principal Amount		$ 500,000,000
Senior Debt, Maturity Date		Mar. 11, 2029	Mar. 11, 2029
Senior Debt, Annual Interest Rate	[1]	4.375%
Senior Debt, Outstanding Principal		$ 500,000,000	$ 500,000,000
Senior Debt, Outstanding Unamortized Debt Costs		4,794,000	5,566,000
Senior Debt, Outstanding Carrying Value		$ 495,206,000	$ 494,434,000

[1] The effective interest rates of Lazard Group’s 3.75% senior notes due February 13, 2025 (the “2025 Notes”), Lazard Group’s 3.625% senior notes due March 1, 2027 (the “2027 Notes”), Lazard Group’s 4.50% senior notes due September 19, 2028 (the “2028 Notes”) and Lazard Group’s 4.375% senior notes due March 11, 2029 (the “2029 Notes”) are 3.87%, 3.76%, 4.67% and 4.53%, respectively.

Senior Debt - Senior Debt (Pare

Senior Debt - Senior Debt (Parenthetical) (Detail)		12 Months Ended
Senior Debt - Senior Debt (Parenthetical) (Detail)		Dec. 31, 2022	Dec. 31, 2021
Lazard Group 3.75% Senior Notes [Member]
Debt Instrument [Line Items]
Senior notes interest rate	[1]	3.75%
Senior debt maturity date		Feb. 13, 2025	Feb. 13, 2025
Effective interest rates of senior notes		3.87%
Lazard Group 3.625% Senior Notes [Member]
Debt Instrument [Line Items]
Senior notes interest rate	[1]	3.625%
Senior debt maturity date		Mar. 01, 2027	Mar. 01, 2027
Effective interest rates of senior notes		3.76%
Lazard Group 4.50% Senior Notes [Member]
Debt Instrument [Line Items]
Senior notes interest rate	[1]	4.50%
Senior debt maturity date		Sep. 19, 2028	Sep. 19, 2028
Effective interest rates of senior notes		4.67%
Lazard Group 4.375% Senior Notes [Member]
Debt Instrument [Line Items]
Senior notes interest rate	[1]	4.375%
Senior debt maturity date		Mar. 11, 2029	Mar. 11, 2029
Effective interest rates of senior notes		4.53%

[1] The effective interest rates of Lazard Group’s 3.75% senior notes due February 13, 2025 (the “2025 Notes”), Lazard Group’s 3.625% senior notes due March 1, 2027 (the “2027 Notes”), Lazard Group’s 4.50% senior notes due September 19, 2028 (the “2028 Notes”) and Lazard Group’s 4.375% senior notes due March 11, 2029 (the “2029 Notes”) are 3.87%, 3.76%, 4.67% and 4.53%, respectively.

Senior Debt - Additional Inform

Senior Debt - Additional Information (Detail) - USD ($)		12 Months Ended
Senior Debt - Additional Information (Detail) - USD ($)	Jul. 22, 2020	Dec. 31, 2022	Dec. 31, 2021
Unused Lines of Credit [Member]
Debt Instrument [Line Items]
Unused lines of credit		$ 203,700,000
Amended and Restated Credit Agreement [Member]
Debt Instrument [Line Items]
Senior revolving credit facility, initiation date	Jul. 22, 2020
Senior revolving credit facility	$ 200,000,000
Duration of senior revolving credit facility, in years	3 years
Expiration of credit facility	2023-07
Interest rate description		Borrowings under the Amended and Restated Credit Agreement generally will bear interest at LIBOR plus an applicable margin for specific interest periods determined based on Lazard Group’s highest credit rating from an internationally recognized credit agency.
Outstanding credit facility		$ 0	$ 0

Senior Debt - Debt Maturities R

Senior Debt - Debt Maturities Relating to Senior Borrowings Outstanding (Detail) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total	$ 1,700,000,000	$ 1,700,000,000
Senior Borrowings Outstanding [Member]
Debt Instrument [Line Items]
2023 - 2024	0
2025	400,000,000
2026	0
2027	300,000,000
Thereafter	1,000,000,000
Total	$ 1,700,000,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	Dec. 31, 2022 USD ($)
LFB [Member]
Other Commitments [Line Items]
Other commitments	$ 0
LFNY [Member]
Other Commitments [Line Items]
Other commitments	$ 0

Members' Equity - Additional In

Members' Equity - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Feb. 28, 2022
Schedule Of Stockholders Equity [Line Items]
Aggregate value of all shares repurchased	$ 691,705	$ 406,149	$ 95,227
Class A Common Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Common stock held by subsidiaries, shares	26,774,550	12,006,477
Common Stock [Member] \| December 31, 2024 [Member]
Schedule Of Stockholders Equity [Line Items]
Share repurchase remaining authorization	$ 302,145
Share repurchase authorization expiration date	Dec. 31, 2024
Lazard Ltd. Subsidiaries [Member]
Schedule Of Stockholders Equity [Line Items]
Distribution to members	$ 228,045	$ 233,234	201,019
Lazard Ltd. Subsidiaries [Member] \| Common Stock [Member] \| Managing Members [Member]
Schedule Of Stockholders Equity [Line Items]
Number of shares distributed to the parent				1,902,756
Executive Officers [Member] \| Common Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Aggregate value of all shares repurchased	$ 16,500	$ 19,800	$ 10,000

Members' Equity - Schedule of S

Members' Equity - Schedule of Share Repurchase Authorized by Board of Directors (Detail)	12 Months Ended
	Dec. 31, 2022 USD ($)
April, 2021 [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchase Authorization	$ 300,000,000
Expiration	Dec. 31, 2022
February, 2022 [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchase Authorization	$ 300,000,000
Expiration	Dec. 31, 2024
July, 2022 [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchase Authorization	$ 500,000,000
Expiration	Dec. 31, 2024

Members' Equity - Schedule of_2

Members' Equity - Schedule of Shares Repurchased Under the Share Repurchase Program (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share Repurchase Program [Abstract]
Number of Shares Purchased	19,666,798	9,124,295	2,912,035
Average Price Per Share	$ 35.17	$ 44.51	$ 32.70

Members' Equity - Accumulated O

Members' Equity - Accumulated Other Comprehensive Income (Loss), Net of Tax (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	$ 874,466	[1]	$ 710,869	[2]	$ 287,326
Other comprehensive income (loss) before reclassifications	(75,734)		(13,735)		50,914
Adjustments for items reclassified to earnings, net of tax	4,184		(1,856)		6,046
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX	(71,550)		(15,591)		56,960
Balance	466,513	[3]	874,466	[1]	710,869	[2]
Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(76,355)		(20,438)		(74,369)
Other comprehensive income (loss) before reclassifications	(63,779)		(48,401)		53,931
Adjustments for items reclassified to earnings, net of tax	32		(7,516)		0
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX	(63,747)		(55,917)		53,931
Balance	(140,102)		(76,355)		(20,438)
Employee Benefit Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(132,680)		(173,006)		(176,035)
Other comprehensive income (loss) before reclassifications	(11,955)		34,666		(3,017)
Adjustments for items reclassified to earnings, net of tax	4,152		5,660		6,046
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX	(7,803)		40,326		3,029
Balance	(140,483)		(132,680)		(173,006)
AOCI Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	2		2
Other comprehensive income (loss) before reclassifications					2
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX					2
Balance	2		2		2
Accumulated Other Comprehensive Income (Loss), Net of Tax [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(209,037)	[1]	(193,446)	[2]	(250,404)
Other comprehensive income (loss) before reclassifications	(75,734)		(13,735)		50,912
Adjustments for items reclassified to earnings, net of tax	4,184		(1,856)		6,046
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX	(71,550)		(15,591)		56,958
Balance	(280,587)	[3]	(209,037)	[1]	(193,446)	[2]
Total AOCI [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(209,035)		(193,444)		(250,404)
Balance	$ (280,585)		$ (209,035)		$ (193,444)

[1]At December 31, 2021, in addition to profit participation interests, there were two managing member interests.[2]At December 31, 2020, in addition to profit participation interests, there were two managing member interests.[3]At December 31, 2022, in addition to profit participation interests, there were two managing member interests.

Members' Equity - Adjustments f

Members' Equity - Adjustments for Items Reclassified From AOCI (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Currency translation losses (gains)	[1]	$ 32	$ (7,516)
Total reclassifications, net of tax		4,184	(1,856)	$ 6,046
Employee Benefit Plans [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amortization relating to employee benefit plans	[2]	5,146	7,269	7,522
Less - related income taxes		994	1,609	1,476
Total reclassifications, net of tax		$ 4,152	$ 5,660	$ 6,046

[1] Represents currency translation losses (gains) reclassified to earnings out of AOCI associated with restructuring and closing of certain of our offices. Such amounts are included in “revenue–other” on the consolidated statements of operations. Included in the computation of net periodic benefit cost (see Note 16). Such amounts are included in “operating expenses–other” on the consolidated statements of operations.

Members' Equity - Net Income (L

Members' Equity - Net Income (Loss) Attributable to Noncontrolling Interests and Noncontrolling Interests at the End of the Period (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Change In Ownership Interest [Line Items]
Net Income (Loss) Attributable to Noncontrolling Interests	$ 34,966	$ 14,481	$ 231
Noncontrolling interests	108,144	98,696
LFI Consolidated Funds [Member]
Change In Ownership Interest [Line Items]
Net Income (Loss) Attributable to Noncontrolling Interests	(11,415)	7,950	2,577
Noncontrolling interests	74,164	67,299
Edgewater [Member]
Change In Ownership Interest [Line Items]
Net Income (Loss) Attributable to Noncontrolling Interests	31,314	10,466	(2,349)
Noncontrolling interests	44,681	44,826
LGAC [Member]
Change In Ownership Interest [Line Items]
Net Income (Loss) Attributable to Noncontrolling Interests	15,064	(3,940)
Noncontrolling interests	(10,714)	(13,445)
Other [Member]
Change In Ownership Interest [Line Items]
Net Income (Loss) Attributable to Noncontrolling Interests	3	5	$ 3
Noncontrolling interests	$ 13	$ 16

Incentive Plans - Additional In

Incentive Plans - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands			1 Months Ended	12 Months Ended
	Apr. 29, 2021	Apr. 24, 2018	Feb. 28, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred incentive compensation awards			$ 434,700
Award vesting description			RSUs, RSAs and LFI granted generally provide for one-third vesting on the second anniversary of the grant date and the remaining two-thirds vesting on the third anniversary of the grant date, so long as applicable conditions have been satisfied. PRSUs and the profits interest participation rights, including PRPUs, granted generally provide for vesting on the third anniversary of the grant date, so long as applicable conditions have been satisfied.
Lazard Fund Interests [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense, years				9 months 18 days
RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock conversion basis				one-for-one
Grant date fair value, amortized periods				generally, one-third after two years and the remaining two-thirds after the third year
Dividend participation rights required the issuance of RSUs				455,287
Weighted-average grant date fair value of awards granted				$ 33.73	$ 43.38	$ 42.60
Unrecognized compensation expense				$ 115,641
Unrecognized compensation expense, years				10 months 24 days
DSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant date fair value of awards granted				$ 35.78	46.75	28.49
DSUs [Member] \| Non-Executive [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of annual compensation received by directors in the form of DSUs				55%
Annual compensation received for service				44,772
Units granted under the directors deferred unit plan				17,640
RSAs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant date fair value of awards granted				$ 33.37	43.80	42.89
Unrecognized compensation expense				$ 19,897
Unrecognized compensation expense, years				10 months 24 days
Dividend participation rights issued				67,261
PRSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant date fair value of awards granted				$ 35.44	46.63	50.74
Unrecognized compensation expense				$ 3,295
Unrecognized compensation expense, years				9 months 18 days
Descriptions of vesting period				PRSUs will vest on a single date approximately three years following the date of the grant
Vesting period				3 years
PRSUs target share distribution for Class A common stock, description				The target number of shares of common stock subject to each PRSU is one; however, based on the achievement of both the performance-based and market-based criteria, the number of shares of common stock that may be received will range from zero to 2.4 times the target number.
Profits Interest Participation Rights [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock conversion basis				one-for-one
Weighted-average grant date fair value of awards granted				$ 34.53	$ 44.73	$ 42.89
Unrecognized compensation expense				$ 21,331
Unrecognized compensation expense, years				10 months 24 days
Descriptions of vesting period				Profits interest participation rights generally provide for vesting approximately three years following the grant date
Vesting period				3 years
PRSUs target share distribution for Class A common stock, description				The target number of shares of common stock subject to each PRPU is one. Based on the achievement of performance criteria, as determined by the Compensation Committee, the number of shares of common stock that may be received in connection with the PRPU awards granted prior to February 2021 will range from zero to two times the target number. For the PRPU awards granted beginning in February 2021, subject to both performance-based and incremental market-based criteria, the number of shares that may be received will range from zero to 2.4 times the target number.
Percentage of target number of shares subject to the applicable units no longer subject to forfeiture due to threshold level of performance being achieved				25%
Common Stock [Member] \| RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Withholding taxes in lieu of share delivery				1,527,476
Delivery of common stock associated with stock awards				2,619,199
Common Stock [Member] \| RSAs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Withholding taxes in lieu of share delivery				203,490
Delivery of common stock associated with stock awards				384,431
2018 Equity Incentive Plan [Member] \| Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized pertaining to share based compensation arrangements		30,000,000
Share-based compensation arrangement by share-based payment award, number of additional shares authorized	20,000,000
Awarded Under 2008 Plan [Member] \| Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of outstanding Class A common stock available under the plan		30%
Compensation plan expiration period		Apr. 24, 2018
2005 Equity Incentive Plan [Member] \| Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized pertaining to share based compensation arrangements				25,000,000

Incentive Plans - Summary of Im

Incentive Plans - Summary of Impact of Share-Based Incentive Plans on Compensation and Benefits Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based incentive awards:
Share-based incentive awards	$ 239,524	$ 232,900	$ 217,269
RSUs [Member]
Share-based incentive awards:
Share-based incentive awards	125,664	124,895	140,556
PRSUs [Member]
Share-based incentive awards:
Share-based incentive awards	2,011	6,136	6,264
RSAs [Member]
Share-based incentive awards:
Share-based incentive awards	23,923	17,765	27,976
Profits Interest Participation Rights [Member]
Share-based incentive awards:
Share-based incentive awards	86,810	83,046	41,293
DSUs [Member]
Share-based incentive awards:
Share-based incentive awards	$ 1,116	$ 1,058	$ 1,180

Incentive Plans - Schedule of A

Incentive Plans - Schedule of Activity Relating to RSUs and DSUs (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
RSUs [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Units, Beginning Balance	8,150,782
Units, Granted	5,329,456
Units, Forfeited	(310,646)
Units, Settled	(4,146,675)
Units, Ending Balance	9,022,917	8,150,782
Weighted Average Grant Date Fair Value, Beginning Balance	$ 41.16
Weighted Average Grant Date Fair Value, Granted	33.73	$ 43.38	$ 42.60
Weighted Average Grant Date Fair Value, Forfeited	39.16
Weighted Average Grant Date Fair Value, Settled	38.71
Weighted Average Grant Date Fair Value, Ending Balance	$ 37.97	$ 41.16
DSUs [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Units, Beginning Balance	338,408
Units, Granted	62,412
Units, Ending Balance	400,820	338,408
Weighted Average Grant Date Fair Value, Beginning Balance	$ 38.01
Weighted Average Grant Date Fair Value, Granted	35.78	$ 46.75	$ 28.49
Weighted Average Grant Date Fair Value, Ending Balance	$ 37.66	$ 38.01

Incentive Plans - Schedule of_2

Incentive Plans - Schedule of Activity Relating to RSUs and DSUs (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2022 shares
RSUs [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Dividend participation rights required the issuance of RSUs	455,287

Incentive Plans - Summary of Ac

Incentive Plans - Summary of Activity Related to RSAs (Detail) - RSAs [Member] - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based compensation arrangement by share-based payment award [Line Items]
Units, Beginning Balance	871,227
Units, Granted	1,064,296
Units, Forfeited	(81,178)
Units, Settled	(587,921)
Units, Ending Balance	1,266,424	871,227
Weighted Average Grant Date Fair Value, Beginning Balance	$ 41.24
Weighted Average Grant Date Fair Value, Granted	33.37	$ 43.80	$ 42.89
Weighted Average Grant Date Fair Value, Forfeited	37.69
Weighted Average Grant Date Fair Value, Settled	36.63
Weighted Average Grant Date Fair Value, Ending Balance	$ 36.99	$ 41.24

Incentive Plans - Summary of _2

Incentive Plans - Summary of Activity Related to RSAs (Detail) (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2022 shares
RSAs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend participation rights required issuance of RSAs	67,261

Incentive Plans - Summary of _3

Incentive Plans - Summary of Activity Relating to PRSUs (Detail) - PRSUs [Member] - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based compensation arrangement by share-based payment award [Line Items]
Units, Beginning Balance	32,394
Units, Granted	62,296
Units, Ending Balance	94,690	32,394
Weighted Average Grant Date Fair Value, Beginning Balance	$ 46.63
Weighted Average Grant Date Fair Value, Granted	35.44	$ 46.63	$ 50.74
Weighted Average Grant Date Fair Value, Ending Balance	$ 39.27	$ 46.63

Incentive Plans - Summary of _4

Incentive Plans - Summary of Activity Relating to PIPRs, including PRPUs (Detail) - Profits Interest Participation Rights, Including PRPUs [Member]	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units, Beginning Balance \| shares	4,122,993
Units, Granted \| shares	1,521,103
Units, Forfeited \| shares	(96,323)
Units, Settled \| shares	(1,902,756)
Units, Earned \| shares	486,611
Units, Ending Balance \| shares	4,131,628
Weighted Average Grant Date Fair Value, Beginning Balance \| $ / shares	$ 41.50
Weighted Average Grant Date Fair Value, Granted \| $ / shares	34.53
Weighted Average Grant Date Fair Value, Forfeited \| $ / shares	38.92
Weighted Average Grant Date Fair Value, Settled \| $ / shares	38.76
Weighted Average Grant Date Fair Value, Earned \| $ / shares	40.64
Weighted Average Grant Date Fair Value, Ending Balance \| $ / shares	$ 40.15	[1]

[1]Table includes 2,447,224 PRPUs, which represents the target number of PRPUs granted and performance units earned, net of settlements as of December 31, 2022, including 2,001,174 PRPUs as of January 1, 2022 and 963,660 PRPUs granted and 486,611 performance units earned, net of 1,004,221 PRPUs settled during the year ended December 31, 2022. The weighted average grant date fair values for PRPUs and other profits interest participation rights outstanding as of January 1, 2022 were $41.82 and $41.20, respectively. The weighted average grant date fair values for PRPUs and other profits interest participation rights granted during the year ended December 31, 2022 were $35.44 and $32.95, respectively. The weighted average grant date fair values for other profits interest participation rights forfeited during the year ended December 31, 2022 were $38.92. The weighted average grant date fair values for PRPUs and other profits interest participation rights settled during the year ended December 31, 2022 were $38.86 and $38.65, respectively. The weighted average grant date fair values for PRPUs and other profits interest participation rights outstanding as of December 31, 2022 were $40.29 and $39.96, respectively.

Incentive Plans - Summary of _5

Incentive Plans - Summary of Activity Relating to PIPRs, including PRPUs (Parenthetical) (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
PRPUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units, Granted target number	2,447,224
Units, Granted	963,660
Units, Earned	486,611
Units, Settled	1,004,221
Weighted average grant date fair value	$ 40.29	$ 41.82
Weighted Average Grant Date Fair Value, Granted	35.44
Weighted Average Grant Date Fair Value, Settled	38.86
Other Profits Interest Participation Rights
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value	39.96	$ 41.20
Weighted Average Grant Date Fair Value, Granted	32.95
Weighted Average Grant Date Fair Value, Forfeited	38.92
Weighted Average Grant Date Fair Value, Settled	$ 38.65

Incentive Plans - Summary of LF

Incentive Plans - Summary of LFI and Other Similar Deferred Compensation Arrangements (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Deferred Compensation Arrangement With Individual Excluding Share Based Payments And Postretirement Benefits [Line Items]
Beginning Balance, Prepaid Compensation Asset	$ 108,049
Ending Balance, Prepaid Compensation Asset	112,124
Beginning Balance, Compensation Liability	$ 372,245
Derivative Liability Statement Of Financial Position Extensible Enumeration	Other liabilities	Other liabilities
Ending Balance, Compensation Liability	$ 327,160
LFI and Other Similar Deferred Compensation Arrangements [Member]
Deferred Compensation Arrangement With Individual Excluding Share Based Payments And Postretirement Benefits [Line Items]
Beginning Balance, Prepaid Compensation Asset	108,049
Prepaid Compensation Asset, Granted	167,654
Prepaid Compensation Asset, Forfeited	(5,033)
Prepaid Compensation Asset, Amortization	(158,483)
Prepaid Compensation Asset, Other	(63)
Ending Balance, Prepaid Compensation Asset	112,124
Beginning Balance, Compensation Liability	358,877
Compensation Liability, Granted	167,654
Compensation Liability, Settled	(145,666)
Compensation Liability, Forfeited	(16,894)
Compensation Liability, Change in Fair Value	(44,261)
Compensation Liability, Adjustment for estimated forfeitures	8,256
Compensation Liability, Other	(1,684)
Ending Balance, Compensation Liability	$ 326,282

Incentive Plans - Summary of _6

Incentive Plans - Summary of Impact of LFI and Other Similar Deferred Compensation Arrangements (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share Based Compensation [Abstract]
Amortization, net of forfeitures	$ 154,878	$ 151,604	$ 119,441
Change in the fair value of underlying investments	(44,261)	35,494	40,634
Total	$ 110,617	$ 187,098	$ 160,075

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Equity funds that are invested in funds managed by the company	$ 54,810	$ 68,529
Contributions to employer sponsored defined contribution plans	19,636	$ 17,764	$ 16,627
Unites States [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected contribution related to the pension plans for fiscal 2023	$ 1,000
Unites States [Member] \| Level 1 [Member] \| Debt Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets invested	42%	46%
Unites States [Member] \| Level 1 [Member] \| Cash [Member]
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets invested	1%
Unites States [Member] \| Level 1 [Member] \| NAV [Member] \| Equity Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets invested	57%	54%
Non-U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected contribution related to the pension plans for fiscal 2023	$ 3,000
Non-U.S. Pension Plans [Member] \| Level 1 and Level 2 [Member] \| Equities And Equity Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets invested	25%	32%
Non-U.S. Pension Plans [Member] \| Level 1 and Level 2 [Member] \| NAV [Member] \| Debt and Debt Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets invested	66%	64%
Non-U.S. Pension Plans [Member] \| Level 1 and Level 2 [Member] \| NAV [Member] \| Cash And Alternative Investment Funds [Member] \| Other Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Percentage of plan assets invested	9%	4%

Employee Benefit Plans - Summar

Employee Benefit Plans - Summary of Changes in Benefit Obligations, Fair Value of Assets, Funded Status and Amounts Recognized in Consolidated Statements of Financial Condition (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Change in benefit obligation
Benefit obligation at beginning of year	$ 731,978
Benefit obligation at end of year	440,050	$ 731,978
Change in plan assets
Fair value of plan assets at beginning of year	782,463
Fair value of plan assets at end of year	468,872	782,463
Pension Plans [Member]
Change in benefit obligation
Benefit obligation at beginning of year	731,978	811,662
Service cost	543	876	$ 843
Interest cost	11,130	8,679	11,912
Actuarial (gain) loss	(203,009)	(39,706)
Benefits paid	(29,357)	(29,327)
Settlements		(4,643)
Foreign currency translation and other adjustments	(71,235)	(15,563)
Benefit obligation at end of year	440,050	731,978	811,662
Change in plan assets
Fair value of plan assets at beginning of year	782,463	799,895
Actual return on plan assets	(215,237)	26,046	86,248
Employer contributions	4,206	4,493	6,708
Benefits paid	(29,357)	(29,327)	(30,272)
Settlements		(4,643)
Foreign currency translation and other adjustments	(73,203)	(14,001)
Fair value of plan assets at end of year	468,872	782,463	$ 799,895
Funded (deficit) at end of year	28,822	50,485
Prepaid pension asset (included in “other assets”)	35,268	78,058
Accrued benefit liability (included in “other liabilities”)	(6,446)	(27,573)
Net amount recognized	28,822	50,485
Actuarial net loss	167,724	155,052
Prior service cost	2,572	2,999
Net amount recognized	$ 170,296	$ 158,051

Employee Benefit Plans - Summ_2

Employee Benefit Plans - Summary of Changes in Benefit Obligations, Fair Value of Assets, Funded Status and Amounts Recognized in Consolidated Statements of Financial Condition (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Compensation And Retirement Disclosure [Abstract]
Excluding tax benefits on amounts recognized	$ 29,813	$ 25,370

Employee Benefit Plans - Summ_3

Employee Benefit Plans - Summary of Fair Value of Plan Assets, Accumulated Benefit Obligation and Projected Benefit Obligation (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 468,872	$ 782,463
Accumulated benefit obligation	440,050	731,978
Projected benefit obligation	440,050	731,978
Unites States [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	14,983	24,227
Accumulated benefit obligation	20,518	31,543
Projected benefit obligation	20,518	31,543
Non-U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	453,889	758,236
Accumulated benefit obligation	419,532	700,435
Projected benefit obligation	$ 419,532	$ 700,435

Employee Benefit Plans - Compon

Employee Benefit Plans - Components of Net Periodic Benefit Cost (Credit) (Detail) - Pension Plans [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Components of Net Periodic Benefit Cost (Credit):
Service cost	$ 543	$ 876	$ 843
Interest cost	11,130	8,679	11,912
Expected return on plan assets	(24,482)	(26,077)	(26,711)
Amortization of:
Prior service cost	106	118	111
Net actuarial loss	5,040	7,151	7,411
Settlement loss		1,056	1,329
Net periodic benefit cost (credit)	(7,663)	(8,197)	(5,105)
Actual return on plan assets	(215,237)	26,046	86,248
Employer contributions	4,206	4,493	6,708
Benefits paid	29,357	29,327	30,272
Net actuarial (gain) loss	31,174	(40,717)	(4,085)
Reclassification of prior service (cost) credit to earnings	(106)	(118)	(111)
Reclassification of actuarial gain (loss) to earnings	(5,040)	(7,151)	(7,411)
Currency translation and other adjustments	(13,783)	(5,860)	9,142
Total recognized in AOCI	12,245	(53,846)	(2,465)
Net amount recognized in total periodic benefit cost and AOCI	$ 4,582	$ (62,043)	$ (7,570)

Employee Benefit Plans - Comp_2

Employee Benefit Plans - Components of Net Periodic Benefit Cost (Credit) (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Compensation And Retirement Disclosure [Abstract]
Tax expense (benefit) on other changes in plan assets and benefit obligations recognized in AOCI	$ (4,443)	$ 13,521	$ (564)

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of Assumptions Used to Develop Actuarial Present Value of Projected Benefit Obligation and Net Periodic Pension Cost (Detail) - Pension Plans [Member]	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Weighted average assumptions used to determine benefit obligations, Discount rate	4.70%	1.80%	1.30%
Weighted average assumptions used to determine net periodic benefit cost, Discount rate	2.10%	1.10%	1.60%
Weighted average assumptions used to determine net periodic benefit cost, Expected long-term rate of return on plan assets	3.40%	3.30%	3.90%

Employee Benefit Plans - Sche_2

Employee Benefit Plans - Schedule of Expected Benefit Payments (Detail) - Pension Plans [Member] $ in Thousands	Dec. 31, 2022 USD ($)
Defined Benefit Plan Disclosure [Line Items]
2023	$ 25,144
2024	27,605
2025	27,037
2026	27,459
2027	27,777
2028-2032	$ 140,985

Employee Benefit Plans - Sche_3

Employee Benefit Plans - Schedule of Categorization of Plans' Assets (Detail) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value		$ 468,872	$ 782,463
NAV [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	[1]	236,392	347,164
Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value		168,460	290,595
Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value		64,020	144,704
Cash [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value		18,084	11,036
Cash [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value		18,084	11,036
Debt [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value		79,505	84,005
Debt [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value		79,505	84,005
Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value		15,480	43,174
Equities [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value		15,480	43,174
Alternative Investment Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value		9,113	17,758
Alternative Investment Funds [Member] \| NAV [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	[1]	9,113	17,758
Debt Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value		226,491	410,723
Debt Funds [Member] \| NAV [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	[1]	220,141	318,316
Debt Funds [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value		6,350	10,990
Debt Funds [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value			81,417
Equity Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value		105,476	212,598
Equity Funds [Member] \| NAV [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	[1]	7,138	11,090
Equity Funds [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value		49,041	141,390
Equity Funds [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value		49,297	60,118
Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value		14,723	3,169
Other [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value		$ 14,723	$ 3,169

[1]Represents certain investments measured at NAV or its equivalent as a practical expedient in determining fair value. In accordance with current accounting guidance, these investments have not been classified in the fair value hierarchy.

Income Taxes - Schedule of Prov

Income Taxes - Schedule of Provision for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Federal, current	$ 248	$ (3,808)	$ 2,207
Foreign, current	71,800	98,142	44,255
State and local, current	5,810	1,495	3,025
Total current	77,858	95,829	49,487
Federal, deferred	5	82	95
Foreign, deferred	3,299	5,081	8,480
State and local, deferred	491	695	(1,498)
Total deferred	3,795	5,858	7,077
Total	$ 81,653	$ 101,687	$ 56,564

Income Taxes - Schedule of Reco

Income Taxes - Schedule of Reconciliation of U.S. Federal Statutory Income Tax Rate to Effective Tax Rates (Detail)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
U.S. federal statutory income tax rate	21%	21%	21%
Rate benefit for U.S. Partnership operations	(21.00%)	(21.00%)	(21.00%)
Foreign taxes	15%	13.30%	9.60%
State and local taxes	1%	0.70%	0.50%
Uncertain tax positions	(0.30%)	(0.30%)	0.60%
Other		(0.50%)	0.30%
Effective income tax rate	15.70%	13.20%	11%

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred Tax Assets:
Basis adjustments	$ 22	$ 68
Compensation and benefits	63,334	73,902
Net operating loss and tax credit carryforwards	76,509	72,777
Depreciation and amortization	1,168	5,534
Other	8,254	4,432
Gross deferred tax assets	149,287	156,713
Valuation allowance	(80,347)	(79,129)	$ (76,728)	$ (70,429)
Deferred tax assets (net of valuation allowance)	68,940	77,584
Deferred Tax Liabilities:
Depreciation and amortization	4,476	5,373
Compensation and benefits	22,927	32,189
Goodwill	1,512	836
Other	6,344	9,087
Deferred tax liabilities	35,259	47,485
Net deferred tax assets	$ 33,681	$ 30,099

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax [Line Items]
Deferred tax assets, valuation allowance	$ 80,347	$ 79,129	$ 76,728	$ 70,429
Deferred tax assets recorded due to net operating losses and tax credit carryforwards	76,509
Indefinite-lived net operating loss carryforwards	20,000
Amount of certain net operating loss tax carryforwards	$ 51,000
Certain carryforwards begin to expire	2024
Income tax examination, description	With few exceptions, the Company is no longer subject to income tax examination by foreign tax authorities and by U.S. federal, state and local tax authorities for years prior to 2014. While the Company is under examination in various tax jurisdictions with respect to certain open years, the Company does not expect that the result of any final determination related to these examinations will have a material impact on its financial statements. Developments with respect to such examinations are monitored on an ongoing basis and adjustments to tax liabilities are made as appropriate.
Unrecognized tax benefits, including interest and penalties recorded that may be recognized within 12 months	$ 12,100
Foreign Tax Credits Expiring in 2024 [Member]
Income Tax [Line Items]
Amount of certain net operating loss tax carryforwards	$ 5,600

Income Taxes - Summary of Chang

Income Taxes - Summary of Changes in Deferred Tax Assets Valuation Allowance (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Beginning Balance	$ 79,129	$ 76,728	$ 70,429
Charged (credited) to provision for income taxes	6,844	4,400	5,173
Charged (credited) to other comprehensive income and other	(5,626)	(1,999)	1,126
Ending Balance	$ 80,347	$ 79,129	$ 76,728

Income Taxes - Schedule of Gros

Income Taxes - Schedule of Gross Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Balance, January 1 (excluding interest and penalties of $18,442, $18,745 and $18,161, respectively)	$ 53,507	$ 55,725	$ 60,838
Increases in gross unrecognized tax benefits relating to tax positions taken during prior years	257	165	1,215
Increases in gross unrecognized tax benefits relating to tax positions taken during current years	13,273	11,841	9,516
Decreases in gross unrecognized tax benefits relating to tax positions taken during prior years	(975)	(5,774)	(9,814)
Decreases in gross unrecognized tax benefits relating to settlements with tax authorities	(43)	(134)	(904)
Decreases in gross unrecognized tax benefits relating to lapse of the applicable statute of limitations	(13,142)	(8,316)	(5,126)
Balance, December 31 (excluding interest and penalties of $17,855, $18,442 and $18,745, respectively)	$ 52,877	$ 53,507	$ 55,725

Income Taxes - Schedule of Gr_2

Income Taxes - Schedule of Gross Unrecognized Tax Benefits (Parenthetical) (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Interest and penalties	$ 17,855	$ 18,442	$ 18,745	$ 18,161

Income Taxes - Schedule of Addi

Income Taxes - Schedule of Additional Information Relating to Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Unrecognized tax benefits at the end of the year that, if recognized, would favorably affect the effective tax rate (includes interest and penalties of $17,855, $18,442, and $18,745, respectively)	$ 59,202	$ 61,452	$ 64,868
Unrecognized tax benefits that, if recognized, would not affect the effective tax rate	11,530	10,497	9,602
Interest and penalties recognized in current income tax expense (after giving effect to the reversal of interest and penalties of $6,344, $5,210 and $3,679, respectively)	$ (587)	$ (303)	$ 584

Income Taxes - Schedule of Ad_2

Income Taxes - Schedule of Additional Information Relating to Unrecognized Tax Benefits (Parenthetical) (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Interest and penalties	$ 17,855	$ 18,442	$ 18,745	$ 18,161
Reversal of interest and penalties	$ 6,344	$ 5,210	$ 3,679

Related Parties - Additional In

Related Parties - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Fees receivable		$ 491,861	$ 669,355
Lazard Ltd. Subsidiaries [Member]
Related Party Transaction [Line Items]
Interest bearing loans partial settlement amount			$ 10,536
Transfer of common stock, shares			241,235
Contribution of intercompany loan	$ 55,941
Sponsored Funds [Member]
Related Party Transaction [Line Items]
Revenue		$ 592,985	$ 708,900	$ 564,686
Type of Revenue [Extensible List]		Asset Management Fees [Member]	Asset Management Fees [Member]	Asset Management Fees [Member]
Fees receivable			$ 57,283	$ 96,740

Regulatory Authorities - Additi

Regulatory Authorities - Additional Information (Detail)	Dec. 31, 2022 USD ($)
LFNY [Member]
Regulatory Requirements [Line Items]
Specified fixed percentage, minimum required capital	6.67%
Minimum net capital requirement as defined under exchange act	$ 5,000
Regulatory capital	110,275,000
Regulatory capital in excess of minimum requirement	$ 105,521,000
Aggregate indebtedness to net capital ratio	0.64
LFNY [Member] \| Maximum [Member]
Regulatory Requirements [Line Items]
Aggregate indebtedness to net capital ratio	15
U.K. Subsidiaries [Member]
Regulatory Requirements [Line Items]
Regulatory capital	$ 176,397,000
Regulatory capital in excess of minimum requirement	119,088,000
CFLF [Member]
Regulatory Requirements [Line Items]
Regulatory capital	152,442,000
Regulatory capital in excess of minimum requirement	74,403,000
Combined European Regulated Group [Member]
Regulatory Requirements [Line Items]
Regulatory capital	176,343,000
Regulatory capital in excess of minimum requirement	89,905,000
Other U.S. and Non-U.S. Subsidiaries [Member]
Regulatory Requirements [Line Items]
Regulatory capital	189,167,000
Regulatory capital in excess of minimum requirement	$ 162,010,000

Segment Information - Additiona

Segment Information - Additional Information (Detail)	12 Months Ended
Segment Information - Additional Information (Detail)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Sales Revenue, Net [Member] \| Customer Concentration Risk [Member] \| Significant Customer [Member]
Segment Reporting Information [Line Items]
Individual clients did not constitute more than a specific percentage of net revenue	10%	10%	10%

Segment Information - Segment's

Segment Information - Segment's Contribution with Respect to Net Revenue, Operating Expenses, Operating Income (Loss) and Total Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net Revenue (Loss)	$ 2,764,289	$ 3,223,209	$ 2,565,540
Operating Expenses (Credit)	2,243,488	2,452,546	2,051,869
Operating Income (Loss)	520,801	770,663	513,671
Total Assets	5,461,799	6,740,382	5,515,747
Depreciation and amortization of property	42,037	38,014	34,786
Operating Segments [Member] \| Financial Advisory Segment [Member]
Segment Reporting Information [Line Items]
Net Revenue (Loss)	1,655,596	1,794,132	1,420,042
Operating Expenses (Credit)	1,292,382	1,345,849	1,122,002
Operating Income (Loss)	363,214	448,283	298,040
Total Assets	1,074,278	1,217,654	1,157,844
Depreciation and amortization of property	8,669	8,180	5,795
Operating Segments [Member] \| Asset Management Segment [Member]
Segment Reporting Information [Line Items]
Net Revenue (Loss)	1,204,927	1,424,985	1,167,466
Operating Expenses (Credit)	963,640	1,032,825	861,031
Operating Income (Loss)	241,287	392,160	306,435
Total Assets	978,083	1,128,549	958,588
Depreciation and amortization of property	9,390	5,618	3,730
Corporate [Member]
Segment Reporting Information [Line Items]
Net Revenue (Loss)	(96,234)	4,092	(21,968)
Operating Expenses (Credit)	(12,534)	73,872	68,836
Operating Income (Loss)	(83,700)	(69,780)	(90,804)
Total Assets	3,409,438	4,394,179	3,399,315
Depreciation and amortization of property	$ 23,978	$ 24,216	$ 25,261

Segment Information - Schedule

Segment Information - Schedule of Revenue from External Customers and Identifiable Assets, by Geographical Areas (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net Revenue	$ 2,764,289	$ 3,223,209	$ 2,565,540
Operating Income	520,801	770,663	513,671
Identifiable Assets	5,461,799	6,740,382	5,515,747
Americas [Member]
Segment Reporting Information [Line Items]
Net Revenue	1,477,774	1,810,976	1,529,501
Operating Income	239,593	446,731	373,976
Identifiable Assets	3,067,477	3,604,272	2,667,985
EMEA [Member]
Segment Reporting Information [Line Items]
Net Revenue	1,136,636	1,251,058	885,925
Operating Income	248,404	295,991	109,991
Identifiable Assets	2,218,147	2,933,180	2,534,172
Asia Pacific [Member]
Segment Reporting Information [Line Items]
Net Revenue	149,879	161,175	150,114
Operating Income	32,804	27,941	29,704
Identifiable Assets	$ 176,175	$ 202,930	$ 313,590

Consolidated VIEs - Additional

Consolidated VIEs - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Investments	$ 698,977	$ 1,007,339
Lazard Fund Interests [Member] \| Lazard Group LLC [Member]
Variable Interest Entity [Line Items]
Investments	$ 115,666	$ 140,371

Consolidated VIEs - Summary of

Consolidated VIEs - Summary of Consolidated VIE Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 1,180,473	$ 1,435,576	$ 1,319,712
Customers and other receivables	160,898	136,345
Investments	698,977	1,007,339
Other assets	376,196	363,364
Total Assets	5,461,799	6,740,382	$ 5,515,747
Liabilities:
Deposits and other customer payables	921,834	1,442,701
Other liabilities	531,968	622,103
Total Liabilities	4,411,815	5,290,916
Consolidated VIEs [Member]
ASSETS
Cash and cash equivalents	3,644	3,936
Customers and other receivables	240	305
Investments	186,300	204,062
Other assets	622	328
Total Assets	190,806	208,631
Liabilities:
Deposits and other customer payables	528	50
Other liabilities	448	910
Total Liabilities	$ 976	$ 960

Schedule I - Condensed Statemen

Schedule I - Condensed Statements of Financial Condition (Parent Company Only) (Detail) - USD ($) $ in Thousands	Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020		Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 1,180,473		$ 1,435,576		$ 1,319,712
Investments in subsidiaries, equity method	15,481		16,250
Property, net	250,037		249,648
Operating lease right-of-use assets	430,665		465,903
Goodwill and other intangibles assets, net	356,459		357,337
Other assets	376,196		363,364
Total Assets	5,461,799		6,740,382		5,515,747
Liabilities:
Accrued compensation and benefits	733,460		968,766
Operating lease liabilities	512,730		552,345
Senior debt	1,687,714		1,685,227
Other liabilities	531,968		622,103
Total Liabilities	4,411,815		5,290,916
Commitments and contingencies
MEMBERS’ EQUITY
Members' equity	638,956		984,807
Accumulated other comprehensive loss, net of tax	(280,587)		(209,037)
Total Members’ Equity	466,513	[1]	874,466	[2]	$ 710,869	[3]	$ 287,326
Total Liabilities, Redeemable Noncontrolling Interests and Members’ Equity	5,461,799		6,740,382
Parent Company [Member]
ASSETS
Cash and cash equivalents	142,793		75,844
Due from subsidiaries of Lazard Ltd	509,375		478,913
Other receivables, net	12,658		497
Investments in subsidiaries, equity method	1,441,091		1,655,481
Other investments	234,371		566,162
Property, net	85,669		94,316
Operating lease right-of-use assets	295,369		313,554
Goodwill and other intangibles assets, net	148,796		148,796
Other assets	74,192		83,236
Total Assets	2,944,314		3,416,799
Liabilities:
Accrued compensation and benefits	190,837		265,120
Due to subsidiaries of Lazard Ltd	313,080		269,716
Operating lease liabilities	361,396		382,608
Senior debt	1,687,714		1,685,227
Other liabilities	32,918		38,358
Total Liabilities	2,585,945		2,641,029
Commitments and contingencies
MEMBERS’ EQUITY
Members' equity	638,956		984,807
Accumulated other comprehensive loss, net of tax	(280,587)		(209,037)
Total Members’ Equity	358,369		775,770
Total Liabilities, Redeemable Noncontrolling Interests and Members’ Equity	$ 2,944,314		$ 3,416,799

[1]At December 31, 2022, in addition to profit participation interests, there were two managing member interests.[2]At December 31, 2021, in addition to profit participation interests, there were two managing member interests.[3]At December 31, 2020, in addition to profit participation interests, there were two managing member interests.

Schedule I - Condensed Statem_2

Schedule I - Condensed Statements of Operations (Parent Company Only) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
REVENUE
Interest income	$ 29,214	$ 5,609	$ 5,569
Other	40,964	158,615	105,416
Total revenue	2,844,653	3,303,778	2,645,996
Interest expense	80,364	80,569	80,456
Net revenue	2,764,289	3,223,209	2,565,540
OPERATING EXPENSES
Compensation and benefits	1,647,811	1,884,859	1,541,228
Professional services	66,929	75,337	64,168
Other	42,694	45,117	38,799
Total operating expenses	2,243,488	2,452,546	2,051,869
OPERATING INCOME	520,801	770,663	513,671
Provision for income taxes	81,653	101,687	56,564
NET INCOME ATTRIBUTABLE TO LAZARD GROUP LLC	404,182	654,495	456,876
Parent Company [Member]
REVENUE
Equity in earnings of subsidiaries	607,764	827,651	632,560
Interest income	2,999	327	2,095
Other	(20,255)	55,709	21,247
Total revenue	590,508	883,687	655,902
Interest expense	75,978	74,210	75,142
Net revenue	514,530	809,477	580,760
OPERATING EXPENSES
Compensation and benefits	97,797	142,260	113,347
Professional services	7,720	6,457	6,328
Other	1,056	4,505	3,151
Total operating expenses	106,573	153,222	122,826
OPERATING INCOME	407,957	656,255	457,934
Provision for income taxes	3,775	1,760	1,058
NET INCOME ATTRIBUTABLE TO LAZARD GROUP LLC	$ 404,182	$ 654,495	$ 456,876

Schedule I - Condensed Statem_3

Schedule I - Condensed Statements of Comprehensive Income (Parent Company Only) (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
NET INCOME		$ 404,182	$ 654,495	$ 456,876
Currency translation adjustments:
Currency translation adjustments before reclassification		(63,779)	(48,401)	53,931
Adjustment for items reclassified to earnings	[1]	32	(7,516)
Employee benefit plans:
Actuarial gain (loss) (net of tax expense (benefit) of $(5,437), $11,912 and $(2,040) for the years ended December 31, 2022, 2021 and 2020, respectively)		(11,955)	34,666	(3,017)
Adjustments for items reclassified to earnings (net of tax expense of $994, $1,609 and $1,476 for the years ended December 31, 2022, 2021 and 2020, respectively)		4,152	5,660	6,046
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX		(71,550)	(15,591)	56,960
COMPREHENSIVE INCOME ATTRIBUTABLE TO LAZARD GROUP LLC		332,632	638,904	513,834
Parent Company [Member]
NET INCOME		404,182	654,495	456,876
Currency translation adjustments:
Currency translation adjustments before reclassification		(63,779)	(48,401)	53,929
Adjustment for items reclassified to earnings		32	(7,516)
Employee benefit plans:
Actuarial gain (loss) (net of tax expense (benefit) of $(5,437), $11,912 and $(2,040) for the years ended December 31, 2022, 2021 and 2020, respectively)		(11,955)	34,666	(3,017)
Adjustments for items reclassified to earnings (net of tax expense of $994, $1,609 and $1,476 for the years ended December 31, 2022, 2021 and 2020, respectively)		4,152	5,660	6,046
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX		(71,550)	(15,591)	56,958
COMPREHENSIVE INCOME ATTRIBUTABLE TO LAZARD GROUP LLC		$ 332,632	$ 638,904	$ 513,834

[1] Represents currency translation losses (gains) reclassified to earnings out of AOCI associated with restructuring and closing of certain of our offices. Such amounts are included in “revenue–other” on the consolidated statements of operations.

Schedule I - Condensed Statem_4

Schedule I - Condensed Statements of Comprehensive Income (Parent Company Only) (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Tax expense (benefit) on actuarial gain (loss), employee benefit plans	$ (5,437)	$ 11,912	$ (2,040)
Tax expense, adjustment for items reclassified to earnings, employee benefit plans	994	1,609	1,476
Parent Company [Member]
Tax expense (benefit) on actuarial gain (loss), employee benefit plans	(5,437)	11,912	(2,040)
Tax expense, adjustment for items reclassified to earnings, employee benefit plans	$ 994	$ 1,609	$ 1,476

Schedule I - Condensed Statem_5

Schedule I - Condensed Statements of Cash Flows (Parent Company Only) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 439,148	$ 668,976	$ 457,107
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Deferred tax provision	3,795	5,858	7,077
Amortization of deferred expenses and share-based incentive compensation	405,125	393,056	345,458
Depreciation and amortization of property	42,037	38,014	34,786
(Increase) decrease in operating assets and increase (decrease) in operating liabilities:
Net cash provided by operating activities	834,258	920,017	551,869
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property	(49,509)	(39,698)	(64,237)
Other	(7,500)
Net cash used in investing activities	(56,436)	(39,057)	(62,922)
Proceeds from:
Contributions from members		14,000
Other financing activities	50		25
Payments for:
Distributions to members	(228,045)	(233,234)	(201,019)
Settlement of share-based incentive compensation in satisfaction of tax withholding requirements	(61,916)	(68,012)	(72,636)
Purchase of Class A common stock	(691,705)	(406,149)	(95,227)
Other financing activities	(11,035)	(8,450)	(11,962)
Net cash provided by (used in) financing activities	(1,407,162)	182,762	(526,318)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(815,468)	901,905	110,562
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— January 1	3,400,568	2,498,663	2,388,101
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— December 31	2,585,100	3,400,568	2,498,663
Parent Company [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	404,182	654,495	456,876
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in earnings of subsidiaries	(607,764)	(827,651)	(632,560)
Deferred tax provision	443	271	(324)
Amortization of deferred expenses and share-based incentive compensation	341,317	346,981	308,306
Depreciation and amortization of property	12,722	10,775	10,435
Noncash lease expense	23,996	22,603	22,514
Distributions received from subsidiaries	757,968	651,362	458,821
(Increase) decrease in operating assets and increase (decrease) in operating liabilities:
Due to/from subsidiaries	16,806	80,921	51,271
Other investments	223,106	(352,359)	(137,685)
Other operating assets and liabilities	(95,530)	(21,778)	15,243
Net cash provided by operating activities	1,077,246	565,620	552,897
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property	(3,912)	(4,123)	(6,383)
Capital contribution to subsidiaries	(6,257)	(26,168)	(65,023)
Other	(7,500)
Net cash used in investing activities	(17,669)	(30,291)	(71,406)
Proceeds from:
Contributions from members		14,000
Other financing activities	50		25
Payments for:
Distributions to members	(228,045)	(233,234)	(201,019)
Settlement of share-based incentive compensation in satisfaction of tax withholding requirements	(61,916)	(68,012)	(72,636)
Purchase of Class A common stock	(691,705)	(406,149)	(95,227)
Other financing activities	(11,012)	(8,429)	(7,024)
Net cash provided by (used in) financing activities	(992,628)	(701,824)	(375,881)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	66,949	(166,495)	105,610
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— January 1	75,844	242,339	136,729
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— December 31	$ 142,793	$ 75,844	$ 242,339