COST-SAVING INITIATIVES (Tables)

6 Months Ended

Jun. 30, 2025

Expenses and losses associated with the cost-saving initiatives for the six month period ended June 30, 2024 consisted of the following:



	Six Months Ended June 30, 2024
	Financial Advisory		Asset Management		Corporate		Total
Severance and other employee termination expenses (included in "compensation and benefits" expense)	$	32,773	$	11,545	$	2,292	$	46,610
Other	708		14		1,397		2,119
Total	$	33,481	$	11,559	$	3,689	$	48,729

Activity related to the obligations pursuant to the cost-saving initiatives during the six month period ended June 30, 2025 was as follows:


	Accrued Compensation and Benefits
Balance, January 1, 2025	$	6,268
Less:
Foreign currency translation and other adjustments	(15)
Payments and settlements	5,317
Balance, June 30, 2025	$	966