View Filing Data

Employee Compensation and Benefits

^[1]

642,373

524,264

375,905

EXPENSES

430,415

357,680

247,737

Occupancy and Equipment Rental

34,673

23,497

18,081

Professional Fees

35,506

33,516

28,035

Travel and Related Expenses

28,473

23,172

16,475

Communications and Information Services

11,445

8,303

5,664

Depreciation and Amortization

16,834

17,746

9,921

Special Charges

662

3,894

Acquisition and transition costs

840

3,465

3,399

Other Operating Expenses

17,990

17,179

9,733

Income Before Income from Equity Method Investments and Income Taxes

576,838

488,452

339,045

65,535

35,812

36,860

Income Before Income Taxes

4,852

919

(557)

70,387

36,731

36,303

Provision for Income Taxes

30,908

22,724

16,177

Net Income from Continuing Operations

39,479

14,007

20,126

Discontinued Operations

Income (Loss) from Discontinued Operations

(4,198)

(2,618)

Provision (Benefit) for Income Taxes

(722)

(297)

Net Income (Loss) from Discontinued Operations

(3,476)

(2,321)

Net Income Attributable to Noncontrolling Interest

39,479

10,531

17,805

10,590

3,579

8,851

Net Income (Loss) Attributable to Evercore Partners Inc. Common Shareholders:

28,889

6,952

8,954

From Continuing Operations

28,805

7,834

9,397

From Discontinued Operations

(966)

(517)

Weighted Average Shares of Class A Common Stock Outstanding

$ 28,805

$ 6,868

$ 8,880

Basic

29,275

26,019

19,655

Diluted

32,548

29,397

22,968

Basic Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders:

From Continuing Operations

$ 0.98

$ 0.30

$ 0.47

From Discontinued Operations

(0.04)

(0.02)

Diluted Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders:

0.98

0.26

0.45

From Continuing Operations

0.89

0.27

0.41

From Discontinued Operations

(0.04)

(0.02)

Dividends Declared Per Share of Class A Common Stock

0.89

0.23

0.39

$ 0.82

$ 0.74

$ 0.63

[1]	Net revenues include Other Revenue, net, allocated to the segments as follows: For the Years Ended December 31, 2012 2011 2010 Investment Banking(A) $ (3,019 ) $ (2,473 ) $ (84 ) Investment Management(B) (2,636 ) (3,021 ) (552 ) Total Other Revenue, net $ (5,655 ) $ (5,494 ) $ (636 )

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Net Income	$ 39,479	$ 10,531	$ 17,805
Other Comprehensive Income (Loss), net of tax:
Unrealized Gain (Loss) on Marketable Securities, net	454	(1,964)	(2,106)
Foreign Currency Translation Adjustment Gain (Loss), net	3,787	(8,119)	919
Other Comprehensive Income (Loss)	4,241	(10,083)	(1,187)
Comprehensive Income	43,720	448	16,618
Comprehensive Income Attributable to Noncontrolling Interest	11,859	1,361	8,097
Comprehensive Income (Loss) Attributable to Evercore Partners Inc.	$ 31,861	$ (913)	$ 8,521

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

Net of tax amount of unrealized holding gain (loss) before reclassification adjustments and transfers on available-for-sale securities.

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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Class A	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings (Deficit)	Treasury Stock	Noncontrolling Interest
Beginning Balance, Value at Dec. 31, 2009	$ 295,756	$ 172	$ 339,495	$ (3,760)	$ (56,756)	$ (12,756)	$ 29,361
Beginning Balance, Shares at Dec. 31, 2009		17,155,883				(809,299)
Net Income	17,805				8,954		8,851
Other Comprehensive Income (Loss)	(1,187)			(433)			(754)
Treasury Stock Purchases, Value	(35,053)					$ (35,053)
Treasury Stock Purchases, Shares						(1,286,277)
Proceeds from Equity Offering, Net of Direct Expenses	77,602	$ 29	77,573
Proceeds from Equity Offering, Net of Direct Expenses		2,954,437
Evercore LP Units Purchased or Converted into Class A Common Stock	(68,895)	$ 1	(59,062)				(9,834)
Evercore LP Units Purchased or Converted into Class A Common Stock, Shares		77,110
Stock-based Compensation Awards, Value	55,767	$ 13	35,695				20,059
Stock-based Compensation Awards, Shares		1,310,261
Shares Issued as Consideration for Acquisitions and Investments, Value	19,019		5,748			$ 13,271
Shares Issued as Consideration for Acquisitions and Investments, Shares						581,531
Dividends and Equivalents	(12,358)		1,344		(13,702)
Noncontrolling Interest (Note 15)	18,785		(74)				18,859
Ending Balance, Value at Dec. 31, 2010	367,241	$ 215	400,719	(4,193)	(61,504)	$ (34,538)	66,542
Ending Balance, Shares at Dec. 31, 2010		21,497,691				(1,514,045)
Net Income	10,531				6,952		3,579
Other Comprehensive Income (Loss)	(10,083)			(7,865)			(2,218)
Treasury Stock Purchases, Value	(45,105)					$ (45,105)
Treasury Stock Purchases, Shares						(1,586,780)
Proceeds from Equity Offering, Net of Direct Expenses	167,934	$ 54	167,880
Proceeds from Equity Offering, Net of Direct Expenses		5,364,991
Evercore LP Units Purchased or Converted into Class A Common Stock	(79,528)	$ 4	(67,264)				(12,268)
Evercore LP Units Purchased or Converted into Class A Common Stock, Shares		422,843
Stock-based Compensation Awards, Value	88,489	$ 37	67,395				21,057
Stock-based Compensation Awards, Shares		3,728,740
Shares Issued as Consideration for Acquisitions and Investments, Value	636					$ 636
Shares Issued as Consideration for Acquisitions and Investments, Shares						27,867
Dividends and Equivalents	(19,346)		2,805		(22,151)
Noncontrolling Interest (Note 15)	(14,943)		3,587				(18,530)
Ending Balance, Value at Dec. 31, 2011	465,826	$ 310	575,122	(12,058)	(76,703)	$ (79,007)	58,162
Ending Balance, Shares at Dec. 31, 2011		31,014,265				(3,072,958)
Net Income	39,479				28,889		10,590
Other Comprehensive Income (Loss)	4,241			2,972			1,269
Treasury Stock Purchases, Value	(66,588)					$ (66,588)
Treasury Stock Purchases, Shares						(2,610,505)
Evercore LP Units Purchased or Converted into Class A Common Stock	6,653	$ 21	16,499				(9,867)
Evercore LP Units Purchased or Converted into Class A Common Stock, Shares		2,107,753
Stock-based Compensation Awards, Value	100,639	$ 19	78,923				21,697
Stock-based Compensation Awards, Shares		1,918,483
Shares Issued as Consideration for Acquisitions and Investments, Value	8,259		2,618			$ 5,641
Shares Issued as Consideration for Acquisitions and Investments, Shares						219,948
Dividends and Equivalents	(24,296)		4,969		(29,265)
Noncontrolling Interest (Note 15)	(43,464)		(23,856)				(19,608)
Ending Balance, Value at Dec. 31, 2012	$ 490,749	$ 350	$ 654,275	$ (9,086)	$ (77,079)	$ (139,954)	$ 62,243
Ending Balance, Shares at Dec. 31, 2012		35,040,501				(5,463,515)

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 39,479	$ 10,531	$ 17,805
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Net Realized and Unrealized (Gains) Losses on Investments, Marketable Securities and Contingent Consideration	(1,916)	(4,988)	(4,898)
Equity-Based and Other Deferred Compensation	115,632	94,253	55,914
Depreciation, Amortization and Accretion	18,784	20,401	11,541
Bad debt Expense	1,803	1,558	1,008
Deferred Taxes	(7,967)	11,026	2,899
Decrease (Increase) in Operating Assets:
Marketable Securities	674	461	(481)
Financial Instruments Owned and Pledged as Collateral at Fair Value	16,056	(91,056)	75,435
Securities Purchased Under Agreements to Resell	2,278	123,559	66,225
Accounts Receivable	(37,111)	2,749	(18,822)
Receivable from Employees and Related Parties	2,627	(4,275)	1,770
Assets Segregated for Bank Regulatory Requirements			(200)
Other Assets	15,485	(144)	(1,138)
(Decrease) Increase in Operating Liabilities:
Accrued Compensation and Benefits	2,967	32,128	(17,265)
Accounts Payable and Accrued Expenses	466	1,499	976
Securities Sold Under Agreements to Repurchase	(18,413)	(32,283)	(141,759)
Payables to Employees and Related Parties	(2,429)	(7,067)	(2,523)
Taxes Payable	13,694	(1,777)	380
Other Liabilities	(1,951)	(8,739)	(1,872)
Net Cash Provided by (Used in) Operating Activities	160,158	147,836	44,995
Cash Flows From Investing Activities
Investments Purchased	(2,161)	(48,575)	(16,645)
Distributions of Private Equity Investments	1,192	1,211	2,629
Marketable Securities:
Proceeds from Sales and Maturities	67,958	80,678	188,701
Purchases	(23,499)	(71,599)	(138,683)
Cash Paid for Acquisitions, net of cash acquired	(6,743)	(30,397)	(70,481)
Change in Restricted Cash	2,111		(820)
Purchase of Furniture, Equipment and Leasehold Improvements	(13,941)	(8,662)	(8,567)
Net Cash Provided by (Used in) Investing Activities	24,917	(77,344)	(43,866)
Cash Flows From Financing Activities
Payments for Settlement of Debt and Capital Lease Obligations	(1,047)	(8,335)	(9)
Issuance of Noncontrolling Interests	469	1,009	4,381
Distributions to Noncontrolling Interests-Evercore LP Limited Partners	(16,528)	(19,087)	(19,513)
Cash Paid for Deferred and Contingent Consideration	(3,000)	(13,486)	(5,936)
Proceeds from Equity Offering, Net of Direct Expenses		168,140	77,185
Purchase of Evercore LP Units and Treasury Stock	(66,983)	(140,242)	(114,141)
Excess Tax Benefits Associated with Equity-Based Awards	1,451	6,266	2,923
Dividends-Class A Stockholders	(24,296)	(19,346)	(12,358)
Other	(78)		645
Net Cash (Used in) Provided by Financing Activities	(110,012)	(25,081)	(66,823)
Effect of Exchange Rate Changes on Cash	1,463	(3,843)	349
Net Increase (Decrease) in Cash and Cash Equivalents	76,526	41,568	(65,345)
Cash and Cash Equivalents-Beginning of Period	182,905	141,337	206,682
Cash and Cash Equivalents-End of Period	259,431	182,905	141,337
SUPPLEMENTAL CASH FLOW DISCLOSURE
Payments for Interest	13,692	17,914	21,473
Payments for Income Taxes	9,569	13,957	9,649
Furniture, Equipment and Leasehold Improvements Accrued	267	1,293	644
Increase (Decrease) in Fair Value of Redeemable Noncontrolling Interest	27,376	(3,942)
Dividend Equivalents Issued	$ 4,969	$ 2,805	$ 1,344

Organization

12 Months Ended

Dec. 31, 2012

Organization

Note 1 – Organization

Evercore Partners Inc. and subsidiaries (the “Company”) is an investment banking and investment management firm, incorporated in Delaware on July 21, 2005 and headquartered in New York, New York. The Company is a holding company which owns a controlling interest in Evercore LP, a Delaware limited partnership (“Evercore LP”). Subsequent to the Company’s initial public offering (“IPO”), the Company became the sole general partner of Evercore LP. The Company operates from its offices in the United States, the United Kingdom, Mexico, Hong Kong, Canada and, through its affiliate Evercore G5 Holdings S.A. (“G5”), in Brazil.

The Investment Banking business includes the advisory business through which the Company provides advice to clients on significant mergers, acquisitions, divestitures and other strategic corporate transactions, with a particular focus on advising prominent multinational corporations and substantial private equity firms on large, complex transactions. The Company also provides restructuring advice to companies in financial transition, as well as to creditors, shareholders and potential acquirers. In addition, the Company provides its clients with capital markets advice, underwrites securities offerings and raises funds for financial sponsors. The Investment Banking business also includes the Institutional Equities business through which the Company offers equity research and agency-based equity securities trading for institutional investors.

The Investment Management business includes the institutional asset management business through which the Company, directly and through affiliates, manages financial assets for sophisticated institutional investors and provides independent fiduciary services to corporate employee benefit plans, the wealth management business through which the Company provides wealth management services for high net-worth individuals and the private equity business through which the Company, directly and through affiliates, manages private equity funds.

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

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-Number 94-6
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Significant Accounting Policies

Significant Accounting Policies

12 Months Ended

Dec. 31, 2012

Note 2 – Significant Accounting Policies

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 consolidated financial statements of the Company are comprised of the consolidation of Evercore LP and Evercore LP’s wholly-owned and majority-owned direct and indirect subsidiaries, including Evercore Group L.L.C. (“EGL”), a registered broker-dealer in the U.S. The Company’s policy is to consolidate all subsidiaries in which it has a controlling financial interest, as well as any variable interest entities (“VIEs”) where the Company is deemed to be the primary beneficiary, when it has the power to make the decisions that most significantly affect the economic performance of the VIE and has the obligation to absorb significant losses or the right to receive benefits that could potentially be significant to the VIE, except for certain VIEs that qualify for accounting purposes as investment companies. The Company reviews factors, including the rights of the equity holders and obligations of equity holders to absorb losses or receive expected residual returns, to determine if the investment is a VIE. In evaluating whether the Company is the primary beneficiary, the Company evaluates its economic interests in the entity held either directly or indirectly by the Company. The consolidation analysis is generally performed qualitatively. This analysis, which requires judgment, is performed at each reporting date.

In February 2010, Accounting Standards Update (“ASU”) No. 2010-10, “Amendments for Certain Investment Funds”, was issued. This ASU defers the application of the revised consolidation rules for a reporting entity’s interest in an entity if certain conditions are met, including if the entity has the attributes of an investment company and is not a securitization or asset-backed financing entity. An entity that qualifies for the deferral will continue to be assessed for consolidation under the overall guidance on VIEs, before its amendment, and other applicable consolidation guidance. Generally, the Company would consolidate those entities when it absorbs a majority of the expected losses or a majority of the expected residual returns, or both, of the entities.

For entities that the Company has concluded are not VIEs, the Company then evaluates whether the fund is a partnership or similar entity. If the fund is a partnership or similar entity, the Company evaluates the fund under the partnership consolidation guidance. Pursuant to that guidance, the Company consolidates funds in which it is the general partner and/or manages through a contract, unless presumption of control by the Company can be overcome. This presumption is overcome only when unrelated investors in the fund have the substantive ability to liquidate the fund or otherwise remove the Company as the general partner without cause, based on a simple majority vote of unaffiliated investors, or have other substantive participating rights. If the presumption of control can be overcome, the Company accounts for its interest in the fund pursuant to the equity method of accounting.

All intercompany balances and transactions with the Company’s subsidiaries have been eliminated upon consolidation. The consolidated financial statements include Mt. Eden Investment Advisors, LLC (“Mt. Eden”) following its acquisition on December 28, 2012. See Note 4 for further disclosure.

At the time of the formation transaction, the members of Evercore LP (the “Members”) received Evercore LP partnership units (“LP Units”) in consideration for their contribution of the various entities included in the historical combined financial statements of the Company. The LP Units are subject to vesting requirements and transfer restrictions and are exchangeable on a one-for-one basis for shares of Class A common stock (“Class A Shares”). The Company accounts for exchanges of LP Units for Class A Shares based on the carrying amounts of the Members’ LP Units immediately before the exchange.

The Company’s interest in Evercore LP is within the scope of Accounting Standards Codification (“ASC”) 810-20, “Determining Whether a General Partner, or the General Partners as a Group, Controls a Limited Partnership or Similar Entity When the Limited Partners Have Certain Rights”. The Company consolidates Evercore LP and records noncontrolling interest for the economic interest in Evercore LP held directly by others, which includes the Members.

The Company has evaluated all subsequent events through the date this Form 10-K was available to be issued.

Corrections – Certain balances for prior periods were reclassified to conform to their current presentation.

Discontinued Operations – After further consideration of the guidance within ASC 810-10, “Consolidation”, the Company determined it would be appropriate to correct its presentation for discontinued operations and therefore reclassified Net Income (Loss) Attributable to Noncontrolling Interest related to Evercore Asset Management L.L.C. (“EAM”) from Discontinued Operations to Net Income Attributable to Noncontrolling Interest, below Net Income on the Consolidated Statements of Operations. The effect of the correction is to increase Discontinued Operations, with a corresponding decrease to Net Income Attributable to Noncontrolling Interest by $2,510, $1,804 and $1,693, for the years ended December 31, 2011, 2010 and 2009, respectively. The Company believes this correction is not material to the consolidated financial statements taken as a whole.

Accounts Receivable – Accounts Receivable consists primarily of investment banking fees and expense reimbursements charged to the Company’s clients. The Company records Accounts Receivable net of any allowance for doubtful accounts. The Company maintains an allowance for bad debts to provide coverage for estimated losses from its client receivables. The Company determines the adequacy of the allowance by estimating the probability of loss based on the Company’s analysis of the client’s creditworthiness and specifically reserves against exposure where the Company determines the receivables are impaired, which may include situations where a fee is in dispute or litigation has commenced.

Furniture, Equipment and Leasehold Improvements – Fixed assets, including office equipment, hardware and software and leasehold improvements, are stated at cost, net of accumulated depreciation and amortization. Furniture, equipment and computer hardware and software are depreciated using the straight-line method over the estimated useful lives of the assets, ranging from three to seven years. Leasehold improvements are amortized over the shorter of the term of the lease or the useful life of the asset.

Investment Banking Revenue – The Company earns investment banking fees from our clients for providing advisory services on mergers, acquisitions, divestitures, leveraged buyouts, restructurings and similar corporate finance matters. The Company’s Investment Banking services also include services related to securities underwriting, private fund placement services and commissions for agency-based equity trading services and equity research. It is the Company’s accounting policy to recognize revenue when (i) there is persuasive evidence of an arrangement with a client, (ii) fees are fixed or determinable, (iii) the agreed-upon services have been completed and delivered to the client or the transaction or events contemplated in the engagement letter are determined to be substantially completed and (iv) collection is reasonably assured. The Company records Investment Banking Revenue on the Consolidated Statements of Operations for the following:

Advisory Fees – In general, advisory fees are paid at the time the Company signs an engagement letter, during the course of the engagement or when an engagement is completed. In some circumstances, and as a function of the terms of an engagement letter, the Company may receive retainer fees for financial advisory services concurrent with, or soon after, the execution of the engagement letter where the engagement letter will specify a future service period associated with that fee. In such circumstances, these retainer fees are initially recorded as deferred revenue, which is recorded in Other Current Liabilities on the Consolidated Statements of Financial Condition, and subsequently recognized as revenue on the Consolidated Statements of Operations during the applicable time period within which the service is rendered. Revenues related to fairness or valuation opinions are recognized when the opinion has been rendered and delivered to the client and all other requirements for revenue recognition are satisfied. Success fees for advisory services, such as merger and acquisition advice, are recognized when the transaction(s) or event(s) are determined to be completed or substantially completed and all other requirements for revenue recognition are satisfied. In the event the Company were to receive an opinion or success fee in advance of the completion conditions noted above, such fee would initially be recorded as deferred revenue and subsequently recognized as advisory fee revenue when the conditions of completion have been satisfied.

Placement Fees – Placement fee revenues are attributable to capital raising. The Company recognizes placement advisory fees at the time of the client’s acceptance of capital or capital commitments in accordance with the terms of the engagement letter.

Underwriting Fees – Underwriting revenues are attributable to public and private offerings of equity and debt securities and are recognized when the offering has been deemed to be completed by the lead manager of the underwriting group. When the offering is completed, the Company recognizes the applicable management fee, selling concession and underwriting fee, the latter net of estimated offering expenses.

Commissions – Commissions received from customers for the execution of agency-based brokerage transactions in listed and over-the-counter equities are recorded on a trade-date basis or, in the case of payments under commission sharing arrangements, when earned.

Taxes collected from customers and remitted to governmental authorities are presented on a net basis on the Consolidated Statements of Operations.

Investment Management Revenue – The Company’s Investment Management business generates revenues from the management of client assets and the private equity funds.

Investment management fees for third-party clients are generally based on the value of the assets under management (“AUM”) and any performance fees that may be negotiated with the client. These fees are generally recognized over the period that the related services are provided, based upon the beginning, ending or average value of the assets for the relevant period. Fees paid in advance of services rendered are initially recorded as deferred revenue, which is recorded in Other Current Liabilities on the Consolidated Statements of Financial Condition, and are recognized in Investment Management Revenue on the Consolidated Statements of Operations ratably over the period in which the related service is rendered. Generally, to the extent performance fee arrangements have been negotiated, these fees are earned when the return on assets exceeds certain benchmark returns. Performance fees are accrued on a monthly basis and are not subject to adjustment once the measurement period ends (annually) and performance fees have been realized.

Management fees for private equity funds are contractual and are typically based on committed capital during the private equity funds’ investment period, and on invested capital, thereafter. Management fees are recognized ratably over the period during which services are provided. The management fees may provide for a management fee offset for certain portfolio company fees the Company earns. The Company also records performance fee revenue from the private equity funds when the returns on the private equity funds’ investments exceed certain threshold minimums. These performance fees, or carried interest, are computed in accordance with the underlying private equity funds’ partnership agreements and are based on investment performance over the life of each investment partnership. Performance fees are recorded as revenue as earned pursuant to the underlying agreements.

Fees generated for serving as an independent fiduciary and/or trustee are either based on a flat fee, are pre-negotiated with the client or are based on the value of assets under administration. For ongoing engagements, fees are billed quarterly either in advance or in arrears. Fees paid in advance of services rendered are initially recorded as deferred revenue in Other Current Liabilities on the Consolidated Statements of Financial Condition, and are recognized in Investment Management Revenue on the Consolidated Statements of Operations ratably over the period in which the related services are rendered.

Other Revenue, Including Interest and Interest Expense – Other Revenue, Including Interest and Interest Expense is derived primarily from financing transactions. These transactions are principally repurchases and resales of Mexican government securities. Revenue and expenses associated with these transactions are recognized over the term of the repurchase transaction. Other Revenue, Including Interest and Interest Expense also includes interest expense associated with the $120,000 principal amount of senior unsecured notes (“Senior Notes”), as well as income earned on marketable securities and cash deposited with financial institutions.

Client Expense Reimbursement – In the conduct of its financial advisory service engagements and in advising the private equity funds, the Company receives reimbursement for certain expenses incurred by the Company on behalf of its clients and the funds. Transaction-related expenses, which are billable to clients, are recognized as revenue and recorded in Accounts Receivable on the later of the date of an executed engagement letter or the date the expense is incurred.

Noncontrolling Interest – Noncontrolling interest recorded in the consolidated financial statements of the Company relates to the portions of the subsidiaries not owned by the Company. The Company allocates net income to noncontrolling interests held at Evercore LP and at the operating entity level, where required, by multiplying the vested equity ownership percentage of the noncontrolling interest holders for the period by the net income or loss for the entity which the noncontrolling interest relates. In circumstances where the governing documents of the entity to which the noncontrolling interest relates require special allocations of profits (losses) to the controlling and noncontrolling interest holders, then the net income or loss of these entities will be allocated based on these special allocations.

ASC 810-10, “Noncontrolling Interests in Consolidated Financial Statements – an amendment of ARB No.51” (“ASC 810-10”) requires reporting entities to present noncontrolling (minority) interests as equity (as opposed to as a liability or mezzanine equity) and provides guidance on the accounting for transactions between an entity and noncontrolling interests. The adoption of ASC 810-10 resulted in the presentation of Noncontrolling Interest as a component of Total Equity on the Consolidated Statements of Financial Condition and below Net Income on the Consolidated Statements of Operations. In addition, the adoption of ASC 810-10 resulted in an allocation of the components of Total Comprehensive Income between controlling interests and noncontrolling interests for the years ended December 31, 2012, 2011 and 2010.

Cash and Cash Equivalents – Cash and Cash Equivalents consist of short-term highly-liquid investments with original maturities of three months or less.

Fair Value of Financial Instruments – The majority of the Company’s assets and liabilities are recorded at fair value or at amounts that approximate fair value. Such assets and liabilities include cash and cash equivalents, investments, marketable securities, financial instruments owned and pledged as collateral, repurchase and reverse repurchase agreements, receivables and payables and accruals. See Note 10 for further information.

Marketable Securities – Marketable Securities include investments in corporate, municipal and other debt securities, as well as investments in readily-marketable equity securities, which are accounted for as available-for-sale under ASC 320-10, “Accounting for Certain Investments in Debt and Equity Securities”. These securities are carried at fair value on the Consolidated Statements of Financial Condition. Unrealized gains and losses are reported as net increases or decreases to Accumulated Other Comprehensive Income (Loss), net of tax, while realized gains and losses on these securities are determined using the specific identification method and are included in Other Revenue, Including Interest on the Consolidated Statements of Operations. The readily-marketable debt and equity securities are valued using quoted market prices on applicable exchanges or markets. Marketable Securities also include investments in municipal bonds held at EGL and mutual funds, which are carried at fair value, with changes in fair value recorded in Other Revenues, Including Interest on the Consolidated Statements of Operations. Marketable Securities transactions are recorded as of the trade date.

Financial Instruments Owned and Pledged as Collateral at Fair Value – The Company’s Financial Instruments Owned and Pledged as Collateral at Fair Value consist principally of foreign government obligations, which are recorded on a trade-date basis and are stated at quoted market values. Related gains and losses are reflected in Other Revenue, Including Interest on the Consolidated Statements of Operations. The Company pledges the Financial Instruments Owned and Pledged as Collateral at Fair Value to collateralize certain financing arrangements, which permits the counterparty to pledge the securities.

Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase – Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase are treated as collateralized financing transactions. The agreements provide that the transferor will receive substantially the same securities in return at the maturity of the agreement. These transactions are carried at the amounts at which the related securities will be subsequently resold or repurchased, plus accrued interest payable or receivable. As the maturities on these transactions are short-term in nature (i.e. generally mature on the next business day) and the underlying securities are debt instruments of the Mexican Governments or its agencies, their carrying amounts approximate fair value. The Company periodically assesses the collectability or credit quality related to securities purchased under agreements to resell.

Investments – The Company’s investments include investments in private equity partnerships, the Company’s equity interests in G5, ABS Investment Management, LLC (“ABS”) and Evercore Pan-Asset Capital Management (“Pan”), which are accounted for under the equity method of accounting.

Private Equity – The investments of private equity funds consist primarily of investments in marketable and non-marketable securities of the portfolio companies. The underlying investments held by the private equity funds are valued based on quoted market prices or estimated fair value if there is no public market. The Company determines fair value of non-marketable securities by giving consideration to a range of factors, including but not limited to, market conditions, operating performance (current and projected) and subsequent financing transactions. Due to the inherent uncertainty in the valuation of these non-marketable securities, estimated values may materially differ from the values that would have been used had a ready market existed for these investments. Investments in publicly-traded securities held by the private equity funds are valued using quoted market prices. The Company recognizes its allocable share of the changes in fair value of the private equity funds’ underlying investments as realized and unrealized gains (losses) within Investment Management Revenue in the Consolidated Statements of Operations.

Affiliates – The Company’s equity interests in G5, ABS and Pan include its share of the income (losses) within Income (Loss) from Equity Method Investments, as a component of Income Before Income Taxes, on the Consolidated Statements of Operations.

The Company assesses its Equity Method Investments annually for impairment, or more frequently if circumstances indicate impairment may have occurred.

The Company also maintains an investment in Trilantic Capital Partners (“Trilantic”). See Note 9 for further information.

Goodwill and Intangible Assets – Goodwill is tested for impairment annually, as of November 30^th, or more frequently if circumstances indicate impairment may have occurred. The Company assesses whether any goodwill recorded by its applicable reporting unit is impaired by comparing the fair value of each business with its respective carrying amount. For acquired businesses, contingent consideration is recognized and measured at fair value as of the acquisition date and at subsequent reporting periods.

Intangible assets with finite lives 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 as prescribed by ASC 360, “Accounting for the Impairment or Disposal of Long-Lived Assets”.

The Company tests goodwill for impairment at the reporting unit level. In determining the fair value for each reporting unit the Company utilizes either a market multiple approach or a discounted cash flow methodology based on the adjusted cash flows from operations, or a weighted combination of both a market multiple approach and discounted cash flow methodology. The market multiple approach includes applying the average earnings multiples of comparable public companies for their respective reporting segment multiplied by the forecasted earnings of the respective reporting unit to yield an estimate of fair value. The discounted cash flow methodology begins with the forecasted adjusted cash flows from each of the reporting units and uses a discount rate that reflects the weighted average cost of capital adjusted for the risks inherent in the future cash flows.

See Note 4 for further information.

Compensation and Benefits – Compensation includes salaries, bonuses (discretionary awards and guaranteed amounts), severance, deferred cash and share-based compensation. Cash bonuses are accrued over the respective service periods to which they relate and deferred cash and share-based bonuses are expensed prospectively over their requisite service period.

Share-Based Payments –The Company accounts for share-based payments in accordance with ASC 718, “Compensation – Stock Compensation” (“ASC 718”) and the impact on the Company’s Consolidated Statements of Financial Condition and Statements of Operations is discussed in Note 17.

Compensation expense recognized pursuant to share-based awards is based on the grant date fair value of the award. The fair value (as measured on the grant date) of awards that vest from one to five years (“Service-based Awards”) is amortized over the vesting periods or requisite service periods as required under ASC 718, however, the vesting of some Service-based Awards will accelerate upon the occurrence of certain events. The Company amortizes the grant-date fair value of share-based compensation awards made to employees, who are or will become retirement eligible prior to the stated vesting date, over the expected substantive service period. For the purposes of calculating diluted net income per share attributable to Evercore Partners Inc. common shareholders, unvested Service-based Awards are included in the diluted weighted average Class A Shares outstanding using the treasury stock method. Once vested, restricted stock units (“RSUs”) and restricted stock are included in the basic and diluted weighted average Class A Shares outstanding. Expense relating to RSUs and restricted stock is charged to Employee Compensation and Benefits within the Consolidated Statements of Operations. For a discussion of Event-based Awards, see Note 17.

Awards classified as liabilities as required under ASC 718, such as cash settled share-based awards, are re-measured at fair value at each reporting period.

Foreign Currency Translation – Foreign currency assets and liabilities have been translated at rates of exchange prevailing at the end of the periods presented. Income and expenses transacted in foreign currency have been translated at average monthly exchange rates during the period. Translation gains and losses are included in the foreign currency translation adjustment as a component of Accumulated Other Comprehensive Income (Loss) in the Consolidated Statements of Changes in Equity and Other Comprehensive Income (Loss) in the Consolidated Statements of Comprehensive Income. Exchange gains and losses arising from translating intercompany balances of a long-term investment nature are recorded in the foreign currency translation account while transactional exchange gains and losses are included in Other Revenue, Including Interest on the Consolidated Statements of Operations.

Income Taxes –The Company accounts for income taxes in accordance with ASC 740, “Accounting for Income Taxes” (“ASC 740”), which requires the recognition of tax benefits or expenses on temporary differences between the financial reporting and tax bases of its assets and liabilities, as disclosed in Note 20.

Deferred income taxes reflect the net tax effects of temporary differences between financial reporting and tax bases 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 on the Company’s Consolidated Statements of Financial Condition as deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when it is more-likely-than-not that some portion or all of the deferred tax assets will not be realized. Significant management judgment is required in determining the Company’s provision for income taxes, deferred tax assets and liabilities and any valuation allowance recorded against the Company’s net deferred tax assets.

ASC 740 provides a benefit recognition model with a two-step approach consisting of “more-likely-than-not” recognition criteria, and a measurement attribute that measures the position as the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement. ASC 740 also requires the recognition of liabilities created by differences between tax positions taken in a tax return and amounts recognized in the financial statements. See Note 20 for disclosure in regard to the impact of the adoption of ASC 740 on the Company’s consolidated financial statements.

Recent Accounting Pronouncements

12 Months Ended

Dec. 31, 2012

Recent Accounting Pronouncements

Note 3 – Recent Accounting Pronouncements

ASU 2011-11 – In December 2011, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2011-11, “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”). ASU 2011-11 provides amendments to ASC No. 210, “Balance Sheet”, which are intended to enhance disclosures required by U.S. GAAP by requiring improved information about financial instruments and derivative instruments that are either (1) offset in accordance with either Section 210-20-45 or Section 815-10-45 or (2) subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with either Section 210-20-45 or Section 815-10-45. This information will enable users of an entity’s financial statements to evaluate the effect or potential effect of netting arrangements on an entity’s financial position, including the effect or potential effect of rights of setoff associated with certain financial instruments and derivative instruments in the scope of this update. The amendments in this update are effective retrospectively for interim and annual periods beginning after January 1, 2013. The Company does not expect the adoption of this update to have a material impact on the Company’s consolidated financial condition, results of operations and cash flows.

ASU 2013-02 – In February 2013, the FASB issued ASU No. 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” (“ASU 2013-02”). ASU 2013-02 provides amendments to ASC No. 220, “Comprehensive Income”, which are intended to enhance disclosures required by U.S. GAAP by requiring improved information about the amounts reclassified out of accumulated other comprehensive income by component, and to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income and their corresponding effect on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2012, with early adoption permitted. The Company is currently assessing the impact of the adoption of this update on the Company’s consolidated financial condition, results of operations and cash flows.

Business Changes and Developments

12 Months Ended

Dec. 31, 2012

Business Changes and Developments

Note 4 – Business Changes and Developments

Year Ended December 31, 2012

Mt. Eden Investment Advisors, LLC – In October 2012, the Company, through EWM, entered into an agreement to acquire Mt. Eden, a San Francisco-based registered investment advisor. The terms of the acquisition include $6,917 of cash and $2,694 of EWM equity paid to the sellers at closing, as well as contingent consideration of $282 subject to the retention of client relationships. The transaction was consummated on December 28, 2012. The transaction resulted in goodwill of $6,500 and intangible assets relating to client relationships, non-compete agreements and other intangibles of $3,630, $169 and $445, respectively, recognized in the Investment Management Segment. The intangible assets are being amortized over estimated useful lives ranging from two to 10 years. As of December 31, 2012, the company is in the process of finalizing the valuation work related to this transaction. In addition, upon closing the Company funded the repayment of $1,047 of outstanding Mt. Eden debt.

Year Ended December 31, 2011

Lexicon Partnership LLP – On August 19, 2011, the Company completed its acquisition of all of the outstanding partnership interests of Lexicon, in accordance with the definitive sale and purchase agreement entered into on June 7, 2011, for consideration consisting of cash and stock. In the aggregate, the sellers will receive approximately £46,142, or $76,167, in cash and 1,911 shares of the Company’s Class A common stock, par value $0.01 per share (“Class A Shares”). Of the total consideration, £31,598, or $52,160, in cash was paid and 28 Class A Shares were issued to the sellers at closing, and approximately £5,619, or $9,274, in cash was paid to the sellers on December 31, 2011. Payment of the remaining approximately £8,925, or $14,733, in cash and 1,883 restricted Class A Shares was deferred and vests under graded vesting in various installments over a four-year period. Accordingly, these amounts are being expensed over the graded vesting period and included in Employee Compensation and Benefits expense. This deferred consideration, whether in the form of Class A Shares or cash, upon vesting, will be delivered to the sellers on the earlier of (i) the first anniversary of the relevant vesting date and (ii) the date of the first secondary offering by the Company following the relevant vesting date. Vesting of the Class A Shares and cash consideration will accelerate in certain circumstances, including, but not limited to, a seller’s termination without cause, a qualifying retirement or upon a change of control. In addition, upon closing the Company funded the repayment of £5,039, or $8,318, of outstanding Lexicon capital notes. These notes are included as Long-term Debt in the table below.

Lexicon was purchased to expand the Company’s advisory capabilities.

The purchase price of the acquisition has been allocated to the assets acquired and liabilities assumed using the fair values as determined by management as of the acquisition date. The computation of goodwill was based on the fair value at August 19, 2011. The purchase price allocation is as follows:


	Amount
Purchase Price:
Cash Paid	$	52,160
Fair Value of Shares Issued		636
Fair Value of Deferred Cash Consideration		9,274

Total Fair Value of Purchase Price		62,070

Fair Value of Assets Acquired and Liabilities Assumed:
Cash and Cash Equivalents		21,812
Accounts Receivable		7,821
Prepaid Expenses		9,504
Fixed Assets		429
Other Assets		964
Intangible Assets		7,164
Current Liabilities		(21,592	)
Long-term Debt		(8,318	)

Identifiable Net Assets		17,784

Goodwill Resulting from Business Combination	$	44,286

In conjunction with the acquisition, the Company recognized accounts receivable with a gross value of $7,821, which approximates fair value, all of which are expected to be collected. The goodwill reflects the replacement cost of an assembled workforce associated with personal reputations, relationships and business specific knowledge, as well as the value of expected synergies. The total amount of goodwill is expected to be deductible for tax purposes.

In connection with the acquisition of Lexicon, the Company recorded client related intangible assets of $7,164. Management views client related assets as the primary intangible assets of Lexicon. The intangible assets were valued at the date of acquisition at their fair value as determined by management. The intangible assets were amortized over an estimated useful life of six months. The Company recognized $2,089 and $5,075 of amortization expense related to these intangible assets for the years ended December 31, 2012 and 2011, respectively.

Goodwill and intangible assets recognized as a result of this acquisition are included in the Investment Banking Segment.

During the fourth quarter of 2011, the Company fully integrated the operations of Lexicon in its existing operations. Accordingly, operating costs can not be explicitly segregated and it is not possible to measure the marginal operating income attributable to the business. Below is an estimate of the operating income of the business based on estimated expenses derived from Lexicon’s historical expense run-rate. The Company’s consolidated results for the year ended December 31, 2011, included revenue of $41,637 and estimated operating expenses of $32,073, resulting in estimated operating income of $9,564 related to Lexicon from the period of acquisition, August 19, 2011 to December 31, 2011, before taking into consideration certain acquisition related charges, as follows. The Company also incurred $23,587 of other expenses related to the Lexicon acquisition, which included $14,618 of acquisition related compensation charges, $3,894 of Special Charges and $5,075 of intangible amortization expense associated with the acquisition of Lexicon. See Note 5 for a further explanation of Special Charges and Note 22 for a further explanation of Other Expenses.

If the acquisition of Lexicon was effective as of January 1, 2010, the operating results of the Company, on a pro forma basis, would have been:


	For the Years Ended December 31,
	2011		2010
	(Unaudited)
Net Revenues	$	575,344	$	446,174
Pre-tax Income	$	31,325	$	18,650
Net Income from Continuing Operations Attributable to Evercore Partners Inc.	$	4,635	$	2,504
Diluted Net Income Per Share from Continuing Operations Available to Evercore Partners Inc.	$	0.15	$	0.10

ABS Investment Management, LLC – On December 29, 2011, the Company completed its acquisition of a 45% non-controlling interest in ABS, a Connecticut based institutionally focused hedge fund-of-funds manager, for a cash purchase price of $45,104, subject to certain adjustments after the closing, as set forth in the Purchase Agreement. Following the consummation of the transaction, the remaining 55% of the interest in ABS is owned by the founders of ABS and its employees. ABS is governed by a five member management committee consisting of three members of ABS’ management team and two designees of the Company. The Company does not have majority voting power and therefore the Company does not maintain the unilateral ability to control significant operational or corporate governance matters of ABS and the founders of ABS have certain protective and participating rights which include the ability to block certain corporate actions relating to liquidation or sale of any material assets, approval of any material transaction outside of the ordinary course of business and approval of the annual budget and compensation arrangements. Accordingly, this transaction is accounted for as an equity method investment.

Evercore Asset Management – In October 2011, EAM announced its plan to wind down its business. Management and the Company made this decision because EAM was unable to attain sufficient scale to be a viable business due to several factors including the ongoing effects of the financial crisis. Accordingly, at this time it was determined there would be no future cash inflows from EAM. As a result, during the third quarter of 2011 the Company concluded that EAM’s client-based intangible assets had no future value, which resulted in a $975 charge included within Income (Loss) from Discontinued Operations related to the write-off of these intangibles.

EAM had pretax losses of $4,198 and $2,618 reported in discontinued operations for the years ended December 31, 2011 and 2010, respectively.

Goodwill and Intangible Assets

Goodwill associated with the Company’s acquisitions is as follows:


	Investment Banking			Investment Management			Total
	Investment Banking			Investment Management			Total
Balance at December 31, 2010	$	43,199		$	95,832		$	139,031
Acquisitions		44,286			80			44,366
Foreign Currency Translation and Other		(5,548	)		—			(5,548	)

Balance at December 31, 2011		81,937			95,912			177,849
Acquisitions		—			6,500			6,500
Foreign Currency Translation and Other		4,415			(80	)		4,335

Balance at December 31, 2012	$	86,352		$	102,332		$	188,684

Intangible assets associated with the Company’s acquisitions are as follows:


	December 31, 2012
	Gross Carrying Amount						Accumulated Amortization
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
Client Related	$	2,300	$	46,960	$	49,260	$	969	$	16,412	$	17,381
Acquired Mandates		1,810		—		1,810		1,324		—		1,324
Non-compete/Non-solicit Agreements		135		1,949		2,084		67		920		987
Other		—		2,245		2,245		—		310		310

Total	$	4,245	$	51,154	$	55,399	$	2,360	$	17,642	$	20,002


	December 31, 2011
	Gross Carrying Amount						Accumulated Amortization
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
Client Related	$	17,835	$	43,250	$	61,085	$	13,874	$	10,197	$	24,071
Acquired Mandates		1,810		—		1,810		836		—		836
Non-compete/Non-solicit Agreements		135		1,780		1,915		40		564		604
Other		—		1,800		1,800		—		190		190

Total	$	19,780	$	46,830	$	66,610	$	14,750	$	10,951	$	25,701

Expense associated with the amortization of intangible assets was $10,872, $14,315 and $7,541for the years ended December 31, 2012, 2011 and 2010, respectively.

Based on the intangible assets above, as of December 31, 2012, annual amortization of intangibles for each of the next five years is as follows:


2013	$	7,962
2014	$	5,668
2015	$	4,008
2016	$	3,627
2017	$	3,237

The Company concluded that there was no impairment of Goodwill or Intangible Assets during the year ended December 31, 2012.

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reference 16: http://www.xbrl.org/2003/role/presentationRef
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-Name Emerging Issues Task Force (EITF)
-Number 88-16
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph F4
-Subparagraph e
-Appendix F

Reference 18: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 141
-Paragraph 51, 52
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Name Statement of Financial Accounting Standard (FAS)
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-Paragraph 67-73
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Special Charges and Acquisition and Transition Costs

Special Charges and Acquisition and Transition Costs

12 Months Ended

Dec. 31, 2012

Note 5 – Special Charges and Acquisition and Transition Costs

Special Charges

The Company recognized costs of $662 for the year ended December 31, 2012, as Special Charges incurred in connection with exiting facilities in the UK, and $3,894 for the year ended December 31, 2011, as Special Charges incurred in connection with the Lexicon acquisition, including the exiting of a lease commitment for office space of $731, an introducing fee of $1,895, as well as other professional fees incurred by Lexicon of $1,268. See Note 4 for further information on the Company’s acquisition of Lexicon.

Acquisition and Transition Costs

The Company has recognized $840, $3,465, and $3,399 for the years ended December 31, 2012, 2011 and 2010, respectively, as Acquisition and Transition Costs incurred in connection with recent acquisitions and other ongoing business development initiatives. These costs are primarily comprised of professional fees for legal and other services. Acquisition and Transition Costs included expenses of $2,118 for the year ended December 31, 2011, related to the Company’s acquisition of Lexicon.

Related Parties

12 Months Ended

Dec. 31, 2012

Related Parties

Note 6 – Related Parties

The Company remits payment for expenses on behalf of the private equity funds and is reimbursed accordingly. For the years ended December 31, 2012, 2011 and 2010, the Company disbursed $1,098, $1,833 and $1,301, respectively, on behalf of these entities.

Investment Management Revenue includes income from related parties earned from the Company’s private equity funds for portfolio company fees, management fees, expense reimbursements and realized and unrealized gains and losses of private equity fund investments. Total Investment Management revenues from related parties amounted to $4,781, $6,696 and $8,346 for the years ended December 31, 2012, 2011 and 2010, respectively.

Investment Banking Revenue includes advisory fees earned from clients that have a Senior Managing Director as a member of their Board of Directors of $2,000 and $1,250 for the years ended December 31, 2012 and 2011, respectively.

Other Assets on the Consolidated Statement of Financial Condition as of December 31, 2012 includes $1,546 of receivables from certain employees as part of compensation arrangements.

Receivable from Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2012 and 2011:


	December 31,
	2012		2011
Advances to Employees	$	3,624	$	4,830
Personal Expenses Paid on Behalf of Employees and Related Parties		213		49
Receivable from Affiliates		390		689
Reimbursable Expenses Due From Portfolio Companies of the Company’s Private Equity Funds		409		636
Reimbursable Expenses Relating to the Private Equity Funds		530		1,589

Receivable from Employees and Related Parties	$	5,166	$	7,793

Payable to Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2012 and 2011:


	December 31,
	2012		2011
Board of Director Fees	$	266	$	235
Lexicon Deferred Consideration Payable		—		358
Amounts Due to Former Members of Lexicon		5,424		5,844
Amounts Due Pursuant to Tax Receivable Agreements(a)		7,274		6,210

Payable to Employees and Related Parties	$	12,964	$	12,647

(a)	Relates to the current portion of the Member exchange of LP Units for Class A Shares. The long-term portion of $165,350 and $137,448 is disclosed in Amounts Due Pursuant to Tax Receivable Agreements on the Consolidated Statements of Financial Condition at December 31, 2012 and 2011, respectively.

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph b
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Number 210
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase

Marketable Securities

12 Months Ended

Dec. 31, 2012

Marketable Securities

Note 7 – Marketable Securities

The amortized cost and estimated fair value of the Company’s Marketable Securities as of December 31, 2012 and 2011 were as follows:


	December 31, 2012								December 31, 2011
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available-for-Sale
Debt Securities:
Corporate Bonds	$	—	$	—	$	—	$	—	$	1,008	$	—	$	2	$	1,006
Municipal Bonds		—		—		—		—		9,544		9		—		9,553
Other Debt Securities		—		—		—		—		2,000		—		—		2,000
Seed Capital Investments		10,172		1,428		20		11,580		10,905		812		27		11,690

Total Available-for-Sale		10,172		1,428		20		11,580		23,457		821		29		24,249
Debt Securities Carried by EGL		13,522		97		—		13,619		47,583		518		—		48,101
Mutual Funds		10,946		412		12		11,346		9,350		191		603		8,938

Total	$	34,640	$	1,937	$	32	$	36,545	$	80,390	$	1,530	$	632	$	81,288

Scheduled maturities of the Company’s available-for-sale debt securities as of December 31, 2012 and 2011 were as follows:


	December 31, 2012				December 31, 2011
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	658	$	659	$	8,699	$	8,703
Due after one year through five years		1,415		1,437		3,853		3,856
Due after five years through 10 years		347		346		—		—

Total	$	2,420	$	2,442	$	12,552	$	12,559

Since the Company has the ability and intent to hold available-for-sale securities until a recovery of fair value is equal to an amount approximating its amortized cost, which may be at maturity, and has not incurred credit losses on its securities, it does not consider such unrealized loss positions to be other-than-temporarily impaired at December 31, 2012.

Debt Securities

The Company invests in corporate and municipal securities, which are classified as available-for-sale securities within Marketable Securities on the Consolidated Statements of Financial Condition. Unrealized gains and losses for these securities are included in Accumulated Other Comprehensive Income (Loss) and realized gains and losses are included in earnings. The Company had realized gains of $2, $86 and $3,450 for the years ended December 31, 2012, 2011 and 2010, respectively.

Seed Capital Investments

Seed Capital Investments include equity and debt securities, which are classified as available-for-sale securities within Marketable Securities on the Consolidated Statements of Financial Condition. These securities are stated at quoted market value with unrealized gains and losses included in Accumulated Other Comprehensive Income (Loss) and realized gains and losses included in earnings. The Company had realized gains (losses) of ($85), $936 and $1,653 for the years ended December 31, 2012, 2011 and 2010, respectively.

Debt Securities Carried by EGL

During the first quarter of 2010, EGL began to invest in a fixed income portfolio consisting primarily of municipal bonds. These securities are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest, on the Consolidated Statements of Operations, as required for broker-dealers in securities. The Company had net realized and unrealized gains (losses) of ($674), ($460) and $481 for the years ended December 31, 2012, 2011 and 2010, respectively.

Mutual Funds

During the first quarter of 2011, the Company began to invest in a portfolio of mutual funds as an economic hedge against the Company’s deferred compensation program. See Note 17 for further information. These securities are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest, on the Consolidated Statements of Operations. The Company had net realized and unrealized gains (losses) of $1,025 and ($412) for the years ended December 31, 2012 and 2011.

Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase

12 Months Ended

Dec. 31, 2012

Note 8 – Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase

The Company, through Evercore Casa de Bolsa, S.A. de C.V. (“ECB”), enters into repurchase agreements with clients seeking overnight money market returns whereby ECB transfers to the clients Mexican government securities in exchange for cash and concurrently agrees to repurchase the securities at a future date for an amount equal to the cash exchanged plus a stipulated premium or interest factor. ECB deploys the cash received from, and acquires the securities deliverable to, clients under these repurchase arrangements by purchasing securities in the open market, which the Company reflects as Financial Instruments Owned and Pledged as Collateral at Fair Value on the Consolidated Statements of Financial Condition, or by entering into reverse repurchase agreements with unrelated third parties. The Company accounts for these repurchase and reverse repurchase agreements as collateralized financing transactions, which are carried at their contract amounts, which approximate fair value given that the contracts generally mature the following business day. The Company records a liability on its Consolidated Statements of Financial Condition in relation to repurchase transactions executed with clients as Securities Sold Under Agreements to Repurchase. The Company records as assets on its Consolidated Statements of Financial Condition, Financial Instruments Owned and Pledged as Collateral at Fair Value (where the Company has acquired the securities deliverable to clients under these repurchase arrangements by purchasing securities in the open market) and Securities Purchased Under Agreements to Resell (where the Company has acquired the securities deliverable to clients under these repurchase agreements by entering into reverse repurchase agreements with unrelated third parties). These Mexican government securities have an estimated average time to maturity of approximately 2.7 years, as of December 31, 2012, and are pledged as collateral against repurchase agreements. Generally, collateral is posted equal to the contract value at inception and is subject to market changes. These repurchase agreements are primarily with institutional customer accounts managed by ECB and permit the counterparty to pledge the securities.

As of December 31, 2012 and 2011, a summary of the Company’s assets, liabilities and collateral received or pledged related to these transactions is as follows:


	December 31, 2012					December 31, 2011
	Asset (Liability) Balance			Market Value of Collateral Received or (Pledged)		Asset (Liability) Balance			Market Value of Collateral Received or (Pledged)
Assets
Financial Instruments Owned and Pledged as Collateral at Fair Value	$	120,594				$	127,178
Securities Purchased Under Agreements to Resell		—		$	—		2,146		$	2,143

Total Assets	$	120,594				$	129,324

Liabilities
Securities Sold Under Agreements to Repurchase	$	(120,787	)	$	(121,029)	$	(129,577	)	$	(129,809	)

Investments

12 Months Ended

Dec. 31, 2012

Investments

Note 9 – Investments

The Company’s investments reported on the Consolidated Statements of Financial Condition consist of investments in private equity partnerships and other investments in unconsolidated affiliated companies. The Company’s investments are relatively high-risk and illiquid assets. Realized and unrealized gains and losses on the private equity investments are included within Investment Management Revenue. The Company’s share of earnings (losses) on the investments in G5, ABS and Pan are included within Income (Loss) from Equity Method Investments on the Consolidated Statements of Operations.

Investments in Private Equity

The Company’s investments in private equity partnerships include investments in Evercore Capital Partners II L.P. and its affiliated entities (“ECP II”), Discovery Americas I, L.P. (the “Discovery Fund”), Evercore Mexico Capital Partners II (“EMCP II”), Evercore Mexico Capital Partners III (“EMCP III”), CSI Capital, L.P. (“CSI Capital”) and Trilantic Capital Partners Associates IV L.P. (“Trilantic IV”). Portfolio holdings of the private equity funds are carried at fair value. Accordingly, the Company reflects its pro rata share of the unrealized gains and losses occurring from changes in fair value. Additionally, the Company reflects its pro rata share of realized gains, losses and carried interest associated with any investment realizations.

In 2012, the Company held an initial and second closing on EMCP III, a private equity fund focused on middle market investments in Mexico. Subscribed capital commitments were $96,500 as of December 31, 2012, which included a capital commitment of $3,600 by the Company.

The Company has concluded that EP II L.L.C., the general partner of ECP II, is a VIE pursuant to ASC 810. The Company owns 8%-9% of the carried interest earned by the general partner of ECP II. The Company’s assessment of the design of EP II L.L.C. resulted in the determination that the Company is not acting as an agent for other members of the general partner and is a passive holder of interests in the fund, evidenced by the fact that the Company is a non-voting, non-managing member of the general partner and, therefore, has no authority in directing the management operations of the general partner. Furthermore, the Company does not have the obligation to absorb significant losses or the right to receive benefits that could potentially have a significant impact to EP II L.L.C. Accordingly, the Company has concluded that it is not the primary beneficiary of EP II L.L.C.

As a result of its investment in CITIC Securities International Partners, LTD (“CSIP”), during 2010, the Company made an investment of $3,164 in CSI Capital, a China focused fund affiliated with CSIP.

A summary of the Company’s investment in the private equity funds as of December 31, 2012 and 2011 was as follows:


	December 31, 2012		December 31, 2011
ECP II	$	3,793	$	5,037
Discovery Fund		3,060		2,393
EMCP II		10,400		9,674
EMCP III		1,696		—
CSI Capital		3,056		3,496
Trilantic IV		4,573		4,551

Total Private Equity Funds	$	26,578	$	25,151

Net realized and unrealized gains (losses) on private equity fund investments, including performance fees, were ($206), $6,200 and $2,148 for years ended December 31, 2012, 2011 and 2010, respectively. In the event the funds perform poorly, the Company may be obligated to repay certain carried interest previously distributed. As of December 31, 2012, the Company had $2,701 of previously received carried interest that may be subject to repayment.

Trilantic Capital Partners

During the first quarter of 2010, the Company made an investment in Trilantic. See Note 15 for further information. This investment had a balance of $14,999 and $15,549 as of December 31, 2012 and 2011, respectively.

Equity Method Investments

A summary of the Company’s other equity investments as of December 31, 2012 and 2011 was as follows:


	December 31, 2012		December 31, 2011
G5	$	19,720	$	20,595
ABS		46,851		45,104
Pan		2,749		2,531

Total	$	69,320	$	68,230

During the fourth quarter of 2010, the Company made an equity method investment in G5. At December 31, 2012, the Company’s economic ownership interest in G5 was 49%. This investment resulted in earnings of $1,368, $1,340 and $64 for the years ended December 31, 2012, 2011 and 2010, respectively, included within Income (Loss) from Equity Method Investments on the Consolidated Statements of Operations.

ABS

During the fourth quarter of 2011, the Company made an equity method investment in ABS. At December 31, 2012, the Company’s economic ownership interest in ABS was 45%. This investment resulted in earnings of $3,394 for the year ended December 31, 2012, included within Income (Loss) from Equity Method Investments on the Consolidated Statement of Operations.

Pan

In 2008, the Company made an equity method investment of $4,158 in Pan and maintains a 50% interest at December 31, 2012. This investment resulted in earnings (losses) of $90, ($420) and ($621) for the years ended December 31, 2012, 2011 and 2010, respectively, included within Income (Loss) from Equity Method Investments on the Consolidated Statements of Operations.

In 2011 and 2012, the Company provided Pan with additional funding in exchange for notes receivable, which are treated as debt on Pan’s statement of financial condition. The terms of the notes receivable require Pan to periodically pay interest on the debt. These notes, with a carrying value of $1,122 as of December 31, 2012, are due in 2016 and 2017. Based on the terms, the Company viewed the lending activities as reconsideration events and concluded in both 2011 and 2012 that Pan is a VIE as it did not have a sufficient level of equity to finance its activities without additional subordinated financial support. The Company’s assessment of the primary beneficiary of Pan included assessing which parties have the power to significantly impact the economic performance of Pan and the obligation to absorb losses of Pan, which could be potentially significant to Pan, or the right to receive benefits from Pan that could be potentially significant. Specifically, the Company concluded the other stakeholders, including Pan’s Chief Executive Officer, have the most significant influence in impacting the cash flows, operating margins and revenues and that the Company is not the primary beneficiary of Pan. The terms of the loan agreements did not change or modify the governance structure of Pan’s operating agreement, in which the Company holds two of the four seats on Pan’s Board.

As of December 31, 2012 and 2011, the Company has not recorded any of the assets or liabilities of Pan on the Consolidated Statements of Financial Condition.

The maximum exposure to loss represents the aggregate of (i) the Company’s equity interest in Pan in both the common and preferred shares, (ii) the outstanding notes receivable on loans made to Pan and (iii) the amount of undrawn preferred capital commitment. See Note 18 for a description of the Company’s commitment to purchase preferred equity of Pan.

Other

The Company allocates the purchase price of its equity method investments, in part, to the inherent finite-lived identifiable intangible assets of the investees. The Company’s share of the earnings of the investees has been reduced by the amortization of these identifiable intangible assets inherent in the investments of $2,696, $944 and $236 for the years ended December 31, 2012, 2011 and 2010 respectively.

Cost Basis Investments

In 2009, the Company invested $1,250 in CSIP in exchange for a 5% noncontrolling interest in the entity that was accounted for on the cost basis. During the fourth quarter of 2011, the Company and CSIP agreed to terminate the advising activities with respect to this venture and, accordingly, the Company incurred a charge for the write-off of this investment of $1,250, included within Other Operating Expenses on the Consolidated Statement of Operations.

Fair Value Measurements

12 Months Ended

Dec. 31, 2012

Fair Value Measurements

Note 10 – Fair Value Measurements

The Company adopted ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”) which among other matters, requires enhanced disclosures about investments that are measured and reported at fair value. ASC 820 establishes a hierarchal disclosure framework which prioritizes and ranks the level of market price observability used in measuring investments at fair value. Market price observability is affected by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily-available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value.

Investments measured and reported at fair value are classified and disclosed in one of the following categories:

Level I – Quoted prices are available in active markets for identical investments as of the reporting date. The type of investments included in Level I include listed equities and listed derivatives. As required by ASC 820, the Company does not adjust the quoted price for these investments, even in situations where Evercore holds a large position and a sale could reasonably impact the quoted price.

Level II – Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of models or other valuation methodologies. The estimated fair values of the Corporate Bonds, Municipal Bonds, Other Debt Securities and Seed Capital Investments held at December 31, 2012 and 2011 are based on quoted market prices provided by external pricing services.

Level III – Pricing inputs are unobservable for the investment and includes situations where there is little, if any, market activity for the investment. The inputs into the determination of fair value require significant management judgment or estimation.

The following table presents the categorization of investments and certain other financial assets measured at fair value on a recurring basis as of December 31, 2012 and 2011:


	December 31, 2012
	Level I		Level II		Level III		Total
Corporate Bonds, Municipal Bonds and Other Debt Securities(1)	$	—	$	38,482	$	—	$	38,482
Seed Capital Investments		9,138		2,442		—		11,580
Mutual Funds		11,346		—		—		11,346
Financial Instruments Owned and Pledged as Collateral at Fair Value		120,594		—		—		120,594

Total Assets Measured At Fair Value	$	141,078	$	40,924	$	—	$	182,002


	December 31, 2011
	Level I		Level II		Level III		Total
Corporate Bonds, Municipal Bonds and Other Debt Securities(1)	$	—	$	106,951	$	—	$	106,951
Seed Capital Investments		9,150		2,540		—		11,690
Mutual Funds		8,938		—		—		8,938
Financial Instruments Owned and Pledged as Collateral at Fair Value		127,178		—		—		127,178

Total Assets Measured At Fair Value	$	145,266	$	109,491	$	—	$	254,757

(1)	Includes $24,863 and $46,291 of municipal bonds and commercial paper classified within Cash and Cash Equivalents on the Consolidated Statements of Financial Condition as of December 31, 2012 and 2011, respectively.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment.

The Company had no transfers between fair value levels during the years ended December 31, 2012 or 2011.

The carrying amount and estimated fair value of the Company’s financial instrument assets and liabilities which are not measured at fair value on the Consolidated Statements of Financial Condition are listed in the tables below.


	Carrying Amount		December 31, 2012
			Estimated Fair Value
			Level I		Level II		Level III		Total
Financial Assets:
Cash and Cash Equivalents	$	234,568	$	234,568	$	—	$	—	$	234,568
Accounts Receivable		89,098		—		89,098		—		89,098
Receivable from Employees and Related Parties		5,166		—		5,166		—		5,166
Assets Segregated for Bank Regulatory Requirements		10,200		10,200		—		—		10,200
Financial Liabilities:
Accounts Payable and Accrued Expenses	$	17,909	$	—	$	17,909	$	—	$	17,909
Securities Sold Under Agreements to Repurchase		120,787		—		120,787		—		120,787
Payable to Employees and Related Parties		12,964		—		12,964		—		12,964
Notes Payable		101,375		—		136,860		—		136,860

	Carrying Amount		December 31, 2011
			Estimated Fair Value
			Level I		Level II		Level III		Total
Financial Assets:
Cash and Cash Equivalents	$	136,614	$	136,614	$	—	$	—	$	136,614
Securities Purchased Under Agreements to Resell		2,146		—		2,146		—		2,146
Accounts Receivable		52,060		—		52,060		—		52,060
Receivable from Employees and Related Parties		7,793		—		7,793		—		7,793
Assets Segregated for Bank Regulatory Requirements		10,200		10,200		—		—		10,200
Financial Liabilities:
Accounts Payable and Accrued Expenses	$	17,849	$	—	$	17,849	$	—	$	17,849
Securities Sold Under Agreements to Repurchase		129,577		—		129,577		—		129,577
Payable to Employees and Related Parties		12,647		—		12,647		—		12,647
Notes Payable		99,664		—		122,279		—		122,279

The following methods and assumptions were used to estimate the fair value of these financial assets and liabilities:

The fair value of the Company’s Notes Payable is estimated based on a present value analysis utilizing aggregate market yields obtained from independent pricing sources for similar financial instruments.

The carrying amounts reported on the Consolidated Statements of Financial Condition for Cash and Cash Equivalents, Securities Purchased Under Agreements to Resell, Securities Sold Under Agreements to Repurchase, Accounts Receivable, Receivables from Employees and Related Parties, Accounts Payable and Accrued Expenses, Payables to Employees and Related Parties and Assets Segregated for Bank Regulatory Requirements approximate fair value due to the short term nature of these items.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Furniture, Equipment and Leasehold Improvements

Furniture, Equipment and Leasehold Improvements

12 Months Ended

Dec. 31, 2012

Note 11 – Furniture, Equipment and Leasehold Improvements

Furniture, Equipment and Leasehold Improvements consisted of the following:


	December 31, 2012			December 31, 2011
Furniture and Office Equipment	$	8,891		$	7,137
Leasehold Improvements		30,884			19,890
Computer and Computer-related Equipment		9,882			7,900

Total		49,657			34,927
Less: Accumulated Depreciation and Amortization		(19,880	)		(13,490	)

Furniture, Equipment and Leasehold Improvements, Net	$	29,777		$	21,437

Depreciation and amortization expense for Furniture, Equipment and Leasehold Improvements totaled $5,962, $3,431 and $2,380 for the years ended December 31, 2012, 2011 and 2010, respectively.

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

Issuance of Notes Payable and Warrants

Issuance of Notes Payable and Warrants

12 Months Ended

Dec. 31, 2012

Note 12 – Issuance of Notes Payable and Warrants

On August 21, 2008, the Company entered into a Purchase Agreement with Mizuho Corporate Bank, Ltd. (“Mizuho”) pursuant to which Mizuho purchased from the Company $120,000 principal amount of Senior Notes due 2020 with a 5.20% coupon and warrants to purchase 5,455 Class A Shares at $22.00 per share (the “Warrants”) expiring in 2020. Based on their relative fair value at issuance, plus accretion, the Senior Notes and Warrants were reflected in Notes Payable and Additional Paid-In-Capital on the Consolidated Statements of Financial Condition. The Senior Notes have an effective yield of 7.94%.

The holder of the Senior Notes may require the Company to purchase, for cash, all or any portion of the holder’s Senior Notes upon a change of control of the Company for a price equal to the aggregate accreted amount of such Senior Notes, (the “Accreted Amount”), plus accrued and unpaid interest. Senior Notes held by Mizuho will be redeemable at the Accreted Amount at the option of the Company at any time within 90 days following the date on which Mizuho notifies the Company that it is terminating their strategic alliance agreement (“Strategic Alliance Agreement”). Senior Notes held by any other holder than Mizuho will be redeemable at the Accreted Amount (plus accrued and unpaid interest) at the option of the Company at any time. In the event of a default under the indenture, the trustee or holders of 33 1/3% of the Senior Notes may declare that the Accreted Amount is immediately due and payable.

Pursuant to the agreement, Mizuho may transfer (A) the Senior Notes (i) with the Company’s consent, (ii) to a permitted transferee, or (iii) to the extent that such transfer does not result in any holder or group of affiliated holders directly or indirectly owning more than 15% of the aggregate principal amount of the Senior Notes, and (B) the Warrants (i) with the Company’s consent, (ii) to a permitted transferee, (iii) pursuant to a tender or exchange offer, or a merger or sale transaction involving the Company that has been recommended by the Company’s Board of Directors, or (iv) to the extent that such transfer is made pursuant to a widely distributed public offering or does not result in any holder or group of affiliated holders directly or indirectly owning more than 2% of the Company’s voting securities and the total shares of Class A common stock transferred, together with any shares of shares of Class A common stock (on an as-converted basis) transferred during the preceding 12 months, is less than 25% of the Company’s outstanding Class A common stock. The Company has a right of first offer on any proposed transfer by Mizuho of the Warrants, Common Stock purchased in the open market or acquired by exercise of the Warrants and associated Common Stock issued as dividends.

The exercise price for the Warrants is payable, at the option of the holder of the Warrants, either in cash or by tender of Senior Notes at the Accreted Amount, at any point in time.

As of December 31, 2012, the future payments required on the Senior Notes, including principal and interest were as follows:


2013	$	6,240
2014		6,240
2015		6,240
2016		6,240
2017		6,240
Thereafter		138,720

Total	$	169,920

Employee Benefit Plans

12 Months Ended

Dec. 31, 2012

Employee Benefit Plans

Note 13 – Employee Benefit Plans

Defined Contribution Retirement Plan – The Company, through a subsidiary, provides certain retirement benefits to employees through a qualified retirement plan. The Evercore Partners Services East L.L.C. Retirement Plan (the “Plan”) is a defined contribution plan with a salary deferral feature under Section 401(k) of the Internal Revenue Code. It also includes a discretionary profit sharing feature. The Plan was formed on February 1, 1996 and subsequently amended. The Plan year ends on December 31 of each year. The Company, at its sole discretion, determines the amount, if any, of profit to be contributed to the Plan.

The Company made no contributions for the years ended December 31, 2012, 2011 and 2010.

Evercore Europe Defined Contribution Benefit Plan – Evercore Europe established the Evercore Partners Limited Group Personal Pension Plan (the “Evercore Europe Plan”), a defined contribution benefit plan, in November 2006 for Evercore Europe employees and members. The Evercore Europe Plan has a salary deferral feature as permitted under existing tax guidelines for HM Customs and Revenue, the Inland Revenue Service in the United Kingdom. Evercore Europe employees must elect to participate in the plan, and Evercore Europe has a minimum annualized contribution of 15% to 50% of an employee’s salary for all employees who participate, depending on the respective employee’s level within the Company.

Evercore Europe employees are also eligible to contribute up to 10% of their salary to the Evercore Europe Plan. Under the terms of the Evercore Europe Plan, if an employee contributes a minimum of 7.5% to 10% of their salary to the plan, Evercore Europe must make a matching contribution of 5% to 10% of the employee’s salary depending on the employee’s level within the company.

The Company made contributions to the Evercore Europe Plan for the years ended December 31, 2012, 2011 and 2010 totaling $3,360, $2,094 and $1,496, respectively.

Evercore Partners Inc. Stockholders' Equity

12 Months Ended

Dec. 31, 2012

Evercore Partners Inc. Stockholders' Equity

Note 14 – Evercore Partners Inc. Stockholders’ Equity

Offerings – During the second quarter of 2011, the Company had an offering of 5,365 Class A Shares. A portion of the proceeds were used to purchase from certain holders, including members of the Company’s senior management, a number of outstanding LP Units. The Company used a portion of the remainder of the proceeds to fund the initial cash payments associated with the acquisition of Lexicon. See Note 4. The offering resulted in an increase to Common Stock and Additional Paid-In-Capital of $54 and $167,880, respectively, on the Company’s Consolidated Statement of Financial Condition as of December 31, 2011. The purchase of outstanding LP Units resulted in a decrease to Additional Paid-In-Capital of $84,195 on the Company’s Consolidated Statement of Financial Condition as of December 31, 2011. See Note 15 for the impact of this transaction on Noncontrolling Interest.

Additionally, the above transaction resulted in an increase in the tax basis of the tangible and intangible assets of Evercore LP, which triggered an additional liability under the tax receivable agreement that was entered into in 2006 between the Company and the LP Unit holders. The agreement provides for a payment to the LP Unit holders of 85% of the cash tax savings (if any), resulting from the increased tax benefits from the exchange and for the Company to retain 15% of such benefits. Accordingly, Deferred Tax Assets – Non-Current, Amounts Due Pursuant to Tax Receivable Agreements and Additional Paid-In-Capital increased $47,481, $40,360 and $7,122, respectively, on the Company’s Consolidated Statement of Financial Condition as of December 31, 2011. See Note 18 for estimated future payments related to the tax receivable agreement.

Dividends – The Company’s Board of Directors declared on January 29, 2013, a quarterly cash dividend of $0.22 per share, to the holders of Class A Shares as of February 22, 2013, which will be paid on March 8, 2013. During the year ended December 31, 2012, the Company declared and paid dividends of $0.82 per share, totaling $24,296. During the year ended December 31, 2011, the Company declared and paid dividends of $0.74 per share, totaling $19,346. See Note 17 for information related to the Company’s dividend equivalent units.

Treasury Stock – During 2012, the Company purchased 726 Class A Shares primarily from employees at market values ranging from $21.71 to $29.62 per share primarily for the net settlement of stock-based compensation awards and 1,884 Class A Shares at market values ranging from $22.58 to $26.62 per share pursuant to the Company’s share repurchase program. The result of these purchases was an increase in Treasury Stock of $66,588 on the Company’s Consolidated Statement of Financial Condition as of December 31, 2012. During 2012, the Company issued 39 Class A Shares from treasury stock as payment of contingent consideration in connection with the Morse Williams Agreement, 65 Class A Shares from treasury stock as payment of contingent consideration in connection with the MJC Associates Agreement and 116 Class A Shares in conjunction with the acquisition of Lexicon. The result of these issuances was a decrease in Treasury stock of $5,641 on the Company’s Consolidated Statement of Financial Condition as of December 31, 2012. During 2011, the Company purchased 1,587 Class A Shares from employees at market values ranging from $15.76 to $36.41 per share primarily for the net settlement of share-based compensation awards. The result of these purchases was an increase in Treasury Stock of $45,105 on the Company’s Consolidated Statement of Financial Condition as of December 31, 2011. During 2011, the Company issued 28 Class A Shares from treasury stock in conjunction with the Company’s acquisition of Lexicon. The result of this issuance was a decrease in Treasury stock of $636 on the Company’s Consolidated Statement of Financial Condition as of December 31, 2011.

LP Units – During 2012, 2,108 LP Units were exchanged for Class A Shares, resulting in an increase to Common Stock and Additional Paid-In-Capital of $21 and $15,022, respectively, on the Company’s Consolidated Statement of Financial Condition as of December 31, 2012. An additional 983 LP Units were exchanged on December 31, 2012, where settlement did not occur until January 2013. During 2011, 423 LP Units were exchanged for Class A Shares, resulting in an increase to Common Stock and Additional Paid-In-Capital of $4 and $2,545, respectively, on the Company’s Consolidated Statement of Financial Condition as of December 31, 2011.

The above transactions, which increased the Company’s ownership in Evercore LP and resulted in a step-up in the tax basis of the assets of Evercore LP, increased both Deferred Tax Assets – Non-Current and Additional Paid-In-Capital by $1,477 and $7,264 on the Company’s Consolidated Statement of Financial Condition as of December 31, 2012 and 2011, respectively. See “Offerings” above for additional LP Unit transactions.

Accumulated Other Comprehensive Income (Loss) – As of December 31, 2012, Accumulated Other Comprehensive Income (Loss) on the Company’s Consolidated Statement of Financial Condition includes accumulated Unrealized Gain (Loss) on Marketable Securities, net, and Foreign Currency Translation Adjustment Gain (Loss), net, of ($1,353) and ($7,733), respectively.

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

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Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 18: http://www.xbrl.org/2003/role/presentationRef
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-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30, 31
-Article 5

Reference 19: http://www.xbrl.org/2003/role/presentationRef
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-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 20: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Article 4

Reference 21: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

Reference 22: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 129
-Paragraph 2, 3, 4, 5, 6, 7, 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 23: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

Noncontrolling Interest

12 Months Ended

Dec. 31, 2012

Noncontrolling Interest

Note 15 – Noncontrolling Interest

Noncontrolling Interest recorded in the consolidated financial statements of the Company relates to a 20% interest in Evercore LP, a 28% interest in ECB, a 49% interest in EWM, a 34% equity interest in Atalanta Sosnoff, a 38% interest in Institutional Equities, and a 14% interest in ETC, not owned by the Company at December 31, 2012. The Atalanta Sosnoff interest excludes the Series C Profits Interest, which has been reflected in Employee Compensation and Benefits Expense on the Consolidated Statements of Operations. The Noncontrolling Interest for Evercore LP, EWM, Atalanta Sosnoff, Institutional Equities and ETC have rights, in certain circumstances, to convert into Class A Shares.

Changes in Noncontrolling Interest for the years ended December 31, 2012, 2011 and 2010 were as follows:


	For the Years Ended December 31,
	2012			2011			2010
Beginning balance	$	58,162		$	66,542		$	29,361
Comprehensive income (loss)
Operating income		10,590			3,579			8,851
Other comprehensive income (loss)		1,269			(2,218	)		(754	)

Total comprehensive income		11,859			1,361			8,097
Other items
Evercore LP Units Purchased or Converted into Class A Common Stock		(9,867	)		(12,268	)		(9,834	)
Amortization and Vesting of LP Units		21,697			21,057			20,059
Distributions to Noncontrolling Interests		(16,528	)		(19,087	)		(19,513	)
Fair value of noncontrolling interest in AS		—			—			33,139
Issuance of noncontrolling interest		469			917			4,381
Other		(3,549	)		(360	)		852

Total other items		(7,778	)		(9,741	)		29,084

Ending balance	$	62,243		$	58,162		$	66,542

Net Income (Loss) Attributable to Noncontrolling Interest related to EAM from Discontinued Operations was ($2,510) and ($1,804) for the years ended December 31, 2011 and 2010, respectively.

Pursuant to the strategic alliance with Trilantic, Evercore LP issued 500 LP Units with a minimum redemption value of $16,500 on December 31, 2014 in exchange for the issuance of certain limited partnership interests in Trilantic. This transaction resulted in Redeemable Noncontrolling Interest on the Consolidated Statements of Financial Condition of $16,090, representing the fair value of the LP Units exchanged at the date of issuance. This value is being accreted to the minimum redemption value of $16,500 over the five-year period ended December 31, 2014. Accretion was $84 for the years ended December 31, 2012 and 2011.

In conjunction with the Company’s purchase agreement with Atalanta Sosnoff, the Company issued a management member of Atalanta Sosnoff certain capital interests in Atalanta Sosnoff, which are redeemable for cash, at their fair value. Accordingly, these capital interests have been reflected at their fair value of $3,997 and $5,300 within Redeemable Noncontrolling Interest on the Consolidated Statements of Financial Condition at December 31, 2012 and 2011, respectively.

EWM has issued capital interests to certain employees which may be redeemable for cash at fair value at certain points in the future. Accordingly, these interests have been reflected at their fair value of $29,399 and $720 within Redeemable Noncontrolling Interest on the Consolidated Statements of Financial Condition at December 31, 2012 and 2011, respectively.

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

Calculations of Basic and Diluted Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders

Calculations of Basic and Diluted Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders

12 Months Ended

Dec. 31, 2012

Note 16 – Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders

The calculations of basic and diluted net income (loss) per share attributable to Evercore Partners Inc. common shareholders for the years ended December 31, 2012, 2011 and 2010 are described and presented below.


	For the Years Ended December 31,
	2012			2011			2010
Basic Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders
Numerator:
Net income from continuing operations attributable to Evercore Partners Inc.	$	28,889		$	7,918		$	9,471
Associated accretion of redemption price of noncontrolling interest in Trilantic (See Note 15)		(84	)		(84	)		(74	)

Net income from continuing operations attributable to Evercore Partners Inc. common shareholders		28,805			7,834			9,397
Net income (loss) from discontinued operations attributable to Evercore Partners Inc. common shareholders		—			(966	)		(517	)

Net income attributable to Evercore Partners Inc. common shareholders	$	28,805		$	6,868		$	8,880

Denominator:
Weighted average shares of Class A common stock outstanding, including vested restricted stock units (“RSUs”)		29,275			26,019			19,655
Basic net income per share from continuing operations attributable to Evercore Partners Inc. common shareholders	$	0.98		$	0.30		$	0.47
Basic net income (loss) per share from discontinued operations attributable to Evercore Partners Inc. common shareholders		—			(0.04	)		(0.02	)

Basic net income per share attributable to Evercore Partners Inc. common shareholders	$	0.98		$	0.26		$	0.45

Diluted Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders
Numerator:
Net income from continuing operations attributable to Evercore Partners Inc. common shareholders	$	28,805		$	7,834		$	9,397
Noncontrolling interest related to the assumed exchange of LP Units for Class A common shares		(a	)		(a	)		(a	)
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above		(a	)		(a	)		(a	)

Diluted net income from continuing operations attributable to Class A common shareholders		28,805			7,834			9,397
Net income (loss) from discontinued operations attributable to Evercore Partners Inc. common shareholders		—			(966	)		(517	)

Diluted net income attributable to Class A common shareholders	$	28,805		$	6,868		$	8,880

Denominator:
Weighted average shares of Class A common stock outstanding, including vested RSUs		29,275			26,019			19,655
Assumed exchange of LP Units for Class A common shares		(a	)		(a	)		(a	)
Additional shares of the Company’s common stock assumed to be issued pursuant to non-vested RSUs and deferred consideration, as calculated using the Treasury Stock Method		2,386			1,903			1,892
Assumed conversion of Warrants issued		887			1,475			1,421

Diluted weighted average shares of Class A common stock outstanding		32,548			29,397			22,968

Diluted net income per share from continuing operations attributable to Evercore Partners Inc. common shareholders	$	0.89		$	0.27		$	0.41
Diluted net income (loss) per share from discontinued operations attributable to Evercore Partners Inc. common shareholders		—			(0.04	)		(0.02	)

Diluted net income per share attributable to Evercore Partners Inc. common shareholders	$	0.89		$	0.23		$	0.39

(a)

During the years ended December 31, 2012, 2011 and 2010, the LP Units (which represent the right to receive Class A Shares upon exchange) were antidilutive and consequently the effect of their exchange into Class A Shares has been excluded from the calculation of diluted net income (loss) per share attributable to Evercore Partners Inc. common shareholders. The units that would have been included in the computation of diluted net income (loss) per share attributable to Evercore Partners Inc. common shareholders if the effect would have been dilutive were 8,695, 10,356 and 13,724 for the years ended December 31, 2012, 2011 and 2010, respectively.

The shares of Class B common stock have no right to receive dividends or a distribution on liquidation or winding up of the Company. The shares of Class B common stock do not share in the earnings of the Company and no earnings are allocable to such class. Accordingly, basic and diluted net income per share of Class B common stock have not been presented.

Share-Based and Other Deferred Compensation

12 Months Ended

Dec. 31, 2012

Share-Based and Other Deferred Compensation

Note 17 – Share-Based and Other Deferred Compensation

LP Units

At the time of the Company’s formation and IPO, collectively referred to as the reorganization (“Reorganization”), Members and certain trusts benefiting certain of their families received 13,548 vested and 9,589 unvested LP Units. The LP Units are exchangeable into Class A common stock of the Company on a one-for-one basis once vested.

The unvested partnership units vest ratably on December 31, 2011, 2012 and 2013 so long as the equity holder remains employed with Evercore Partners Inc., Evercore LP or their affiliates on such dates. The Company is expensing the fair value of the awards, prospectively, over the service period. Expense related to the amortization of these partnership units was $20,971, $22,189 and $20,060 for the years ended December 31, 2012, 2011 and 2010, respectively. As of December 31, 2012, the total compensation cost related to unvested LP Units not yet recognized was $19,350. The weighted-average period over which this compensation cost is expected to be recognized is 12 months.

Acquisition-related

During 2011, in connection with the Lexicon acquisition, the Company committed to issue 1,883 restricted Class A Shares, including dividend equivalent units, (“Acquisition-related Awards”) and deferred cash consideration. Compensation expense related to the Acquisition-related Awards and deferred cash consideration was $18,749 and $7,216, respectively, for the year ended December 31, 2012, and $6,621 and $2,455, respectively, for the year ended December 31, 2011. See Note 4 for a further discussion.

The following table summarizes activity related to Acquisition-related Awards during the year ended December 31, 2012:


	Acquisition-related Awards
	Number of Shares			Grant Date Weighted Average Fair Value
Unvested Balance at January 1, 2012		1,911		$	43,537
Granted		54			1,421
Modified		—			—
Forfeited		—			—
Vested		(246	)		(5,620	)

Unvested Balance at December 31, 2012		1,719		$	39,338

As of December 31, 2012, the total compensation cost related to unvested Acquisition-related equity Awards and deferred cash consideration not yet recognized was $23,381. The weighted-average period over which this compensation cost is expected to be recognized is 30 months.

In addition, certain Lexicon employees received deferred compensation of $1,892, which vests over two years. Compensation expense related to these awards was $875 and $413 for the years ended December 31, 2012 and 2011, respectively. As of December 31, 2012, the total compensation cost related to these unvested deferred compensation awards not yet recognized was $385. The weighted-average period over which this compensation cost is expected to be recognized is 8 months.

2006 Stock Incentive Plan

In 2006 the Company’s stockholders and board of directors adopted the Evercore Partners Inc. 2006 Stock Incentive Plan (the “2006 Plan”). The 2006 Plan permits the Company to grant to key employees, directors and consultants incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock, RSUs and other awards based on the Company’s Class A common stock. The total number of shares of Class A common stock which may be issued under the 2006 Plan is 20,000 and the Company intends to use newly-issued shares of Class A common stock to satisfy any awards under the 2006 Plan. Shares of Class A common stock underlying any award granted under the 2006 Plan that expire, terminate or are cancelled or satisfied for any reason without being settled in stock again become available for awards under the 2006 Plan. The total shares available to be granted in the future under the 2006 Plan were 4,667 and 7,434 as of December 31, 2012 and 2011, respectively.

The Company also grants dividend equivalents, in the form of unvested RSU awards, concurrently with the payment of dividends to the holders of Class A common stock, on all unvested RSU grants awarded in conjunction with annual bonuses and new hire awards. The dividend equivalents have the same vesting and delivery terms as the underlying RSU award.

IPO Event-based Awards

Pursuant to the 2006 Plan, at the time of the IPO, the Company granted to the Company’s employees 2,286 RSUs (“Event-based Awards”), which were convertible into Class A common stock on a one-for-one basis once vested. These Event-based Awards have since fully vested and, as a result, the Company recorded compensation expense equal to the value of these fully-vested awards.

In conjunction with the IPO, the Company also granted to an employee 12 IPO related Event-based awards, which remain unvested as of December 31, 2012.

During 2011, 546 Event-based Awards vested primarily in conjunction of the Company’s offering of Class A Shares resulting in an expense of $11,467 and 27 Event-based Awards were forfeited.

Deferred Cash Program

During the first quarter of 2011, the Company launched a deferred compensation program providing participants the ability to elect to receive a portion of their deferred compensation in deferred cash, which is indexed to a notional investment portfolio. The Company awarded deferred cash compensation of $3,926 and $9,153, during the first quarters of 2012 and 2011, respectively, which will vest ratably over four years and require payment upon vesting. Compensation expense related to this deferred compensation program was $4,210 and $1,938 for the years ended December 31, 2012 and 2011, respectively. As of December 31, 2012, the total compensation cost related to the deferred compensation program not yet recognized was $7,316. The weighted-average period over which this compensation cost is expected to be recognized is 28 months.

Equity Grants

2012 Equity Grants. During 2012, pursuant to the 2006 Plan, the Company granted employees 3,163 RSUs that are Service-based Awards. Service-based Awards granted during 2012 had grant date fair values of $22.62 to $29.19 per share. During 2012, 1,760 Service-based Awards vested and 256 Service-based Awards were forfeited. Compensation expense related to Service-based Awards, excluding compensation expense related to the amortization of LP Units, was $62,840 for the year ended December 31, 2012.

The following table summarizes activity related to Service-based Awards, which includes RSUs as well as LP Units, during the year ended December 31, 2012:


	Service-based Awards
	Number of Shares			Grant Date Weighted Average Fair Value
Unvested Balance at January 1, 2012		8,351		$	188,051
Granted		3,312			94,059
Modified		—			—
Forfeited		(393	)		(8,939	)
Vested		(3,298	)		(76,303	)

Unvested Balance at December 31, 2012		7,972		$	196,868

As of December 31, 2012, the total compensation cost related to unvested Service-based Awards, excluding LP Units and Acquisition-related Awards, not yet recognized was $104,967. The ultimate amount of such expense is dependent upon the actual number of Service-based Awards that vest. The Company periodically assesses the forfeiture rates used for such estimates. A change in estimated forfeiture rates would cause the aggregate amount of compensation expense recognized in future periods to differ from the estimated unrecognized compensation expense described herein. The weighted-average period over which this compensation cost is expected to be recognized is 20 months.

2011 Equity Grants. During 2011, pursuant to the 2006 Plan, the Company granted employees 2,273 RSUs that are Service-based Awards. Service-based Awards granted during 2011 had grant date fair values of $21.93 to $36.41 per share. During 2011, 1,552 Service-based Awards vested and 76 Service-based Awards were forfeited. Compensation expense related to Service-based Awards, excluding compensation expense related to the amortization of LP Units, was $47,299 for the year ended December 31, 2011.

During 2011, the Company amended the terms of a Service-based Award with respect to 97 unvested and 37 vested RSUs. Due to this amendment, $2,828 was reclassified from Additional Paid-In-Capital to Other Current Liabilities on the Consolidated Statement of Financial Condition.

2010 Equity Grants. During 2010, pursuant to the 2006 Plan, the Company granted employees 1,474 RSUs that are Service-based Awards. Service-based Awards granted during 2010 had grant date fair values of $23.31 to $35.79 per share. During 2010, 1,457 Service-based Awards vested and 32 Service-based Awards were forfeited, excluding the below agreement. Compensation expense related to Service-based Awards, excluding compensation expense related to the amortization of LP Units, was $35,347 for the year ended December 31, 2010.

In September 2010, one of the Company’s executives substantially ceased providing active service with the Company. In conjunction with this change in role, the executive agreed to release all right, title and interest to 275 unvested RSUs, with a grant date fair value of $3,226, since his service condition with the Company, as was contemplated at the time the RSUs were granted, will not be fulfilled. As a result of the executive’s significant change in role, this transaction was accounted for as a forfeiture and previously accrued compensation expense of $352, included above, related to the unvested RSUs was reversed in the third quarter of 2010.

Other

The total income tax benefit related to share-based compensation arrangements recognized in the Company’s Consolidated Statements of Operations for the years ended December 31, 2012, 2011 and 2010 was $26,773, $19,423 and $9,392, respectively.

During the first quarter of 2013, as part of the 2012 bonus awards, the Company granted to certain employees approximately 2,000 unvested RSUs pursuant to the 2006 Plan. The Company also granted the President and Chief Executive Officer of the Company 50 RSUs which will vest on the fourth anniversary of the grant, contingent that the Company’s stock price has, by the fourth anniversary of the grant, closed at or above $45.00 per share for 20 consecutive trading days. These awards will vest over four years. In addition, during the first quarter of 2013, the Company granted approximately $10,300 of deferred cash to certain employees. These awards will principally be amortized over two years and be subject to claw-back provisions if the employee were to leave during the two year period.

During 2012, the Company granted separation benefits to certain employees, resulting in expense included in Employee Compensation and Benefits of approximately $7,273 for the year ended December 31, 2012. In conjunction with these arrangements, the Company distributed cash payments of $5,135 for the year ended December 31, 2012.

During 2011, the Company modified equity-based compensation awards for four employees, primarily relating to the vesting terms of IPO related equity grants. These modifications resulted in the Company recognizing $4,261 in incremental compensation expense in 2011.

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Commitments and Contingencies

Commitments and Contingencies

12 Months Ended

Dec. 31, 2012

Note 18 – Commitments and Contingencies

Operating Leases – The Company leases office space under non-cancelable lease agreements, which expire on various dates through 2023. The Company reflects lease expense over the lease terms on a straight-line basis. Occupancy lease agreements, in addition to base rentals, generally are subject to escalation provisions based on certain costs incurred by the landlord. Occupancy and Equipment Rental on the Consolidated Statements of Operations includes occupancy rental expense relating to operating leases of $22,714, $16,136 and $12,977 for the years ended December 31, 2012, 2011 and 2010, respectively.

In conjunction with the lease of office space, the Company has entered into letters of credit in the amounts of approximately $3,500, which are secured by cash and included in Other Assets on the Company’s Consolidated Statements of Financial Condition.

The Company has entered into various operating leases for the use of certain office equipment. Rental expense for office equipment totaled $627, $510 and $593 for the years ended December 31, 2012, 2011 and 2010, respectively. Rental expense for office equipment is included in Occupancy and Equipment Rental on the Consolidated Statements of Operations.

As of December 31, 2012, the approximate aggregate minimum future payments required on the operating leases are as follows:


2013	$	20,694
2014		19,517
2015		18,214
2016		19,248
2017		18,113
Thereafter		89,298

Total	$	185,084

Other Commitments – As of December 31, 2012, the Company has unfunded commitments for capital contributions of $7,071 to the private equity funds. These commitments will be funded as required through the end of each private equity fund’s investment period, subject to certain conditions. Such commitments are satisfied in cash and are generally required to be made as investment opportunities are consummated by the private equity funds.

ECB maintains a line of credit with BBVA Bancomer to fund its trading activities on an intra-day and overnight basis. The intra-day facility is approximately $7,699 and is secured with trading securities when used on an overnight basis. No interest is charged on the intra-day facility. The overnight facility is charged the Inter-Bank Balance Interest Rate plus 10 basis points and is secured with trading securities. There have been no significant draw downs on ECB’s line of credit since August 10, 2006. The line of credit is renewable annually.

As of December 31, 2012, the Company estimates the contractual obligations related to the Tax Receivable Agreements to be $172,624. The Company expects to pay to the counterparties to the Tax Receivable Agreement $7,274 within one year or less, $26,582 in one to three years, $29,874 in three to five years and $108,894 after five years.

See Note 4 for information related to the Company’s commitments on its acquisitions.

On February 11, 2010, the Company announced the formation of a strategic alliance to pursue private equity investment opportunities with Trilantic and to collaborate on the future growth of Trilantic’s business. Under terms of the agreement, the Company issued 500 restricted share equivalents with a minimum redemption value of $16,500 on December 31, 2014 in exchange for a minority economic interest in Trilantic and an interest in Trilantic’s current fund, Trilantic IV. The Company also will commit a minimum of $5,000 of the total capital commitments of Trilantic’s next private equity fund when it is raised.

Pursuant to the agreement related to the Institutional Equities business, the Company is committed to maintain at least $50,000 of Member’s equity in EGL, as measured in accordance with U.S. GAAP.

During 2008, the Company committed to purchase preferred equity of Pan. The equity may be drawn down anytime before the fifth anniversary of the close of the transaction, subject to the Company’s Board’s approval. As of December 31, 2012, the Company had $5,654 of remaining commitment to Pan.

The Company also has commitments related to its redeemable noncontrolling interests. See Note 15 for further information.

Contingencies

In the normal course of business, from time to time the Company and its affiliates are involved in judicial or regulatory proceedings, arbitration or mediation concerning matters arising in connection with the conduct of its businesses, including contractual and employment matters. In addition, Mexican, United Kingdom, Hong Kong, Canadian and United States government agencies and self-regulatory organizations, as well as state securities commissions in the United States, conduct periodic examinations and initiate administrative proceedings regarding the Company’s business, including, among other matters, accounting and operational matters, that can result in censure, fine, the issuance of cease-and-desist orders or the suspension or expulsion of a broker-dealer, investment advisor, or its directors, officers or employees. In view of the inherent difficulty of predicting the outcome of such matters, particularly in cases where claimants seek substantial or indeterminate damages or where investigations and proceedings are in the early stages, the Company cannot predict the loss or range of loss, if any, related to such matters, how or if such matters will be resolved, when they will ultimately be resolved, or what the eventual settlement, fine, penalty or other relief, if any, might be. Subject to the foregoing, the Company believes, based on current knowledge and after consultation with counsel, that it is not currently party to any material pending proceedings, individually or in the aggregate, the resolution of which would have a material effect on the Company. Legal reserves are established in accordance with ASC 450, “Accounting for Contingencies” when warranted. Once established, reserves are adjusted when there is more information available or when an event occurs requiring a change.

The entire disclosure for commitments and contingencies.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Regulatory Authorities

12 Months Ended

Dec. 31, 2012

Regulatory Authorities

Note 19 – Regulatory Authorities

EGL is a U.S. registered broker-dealer and is subject to the net capital requirements of Rule 15c3-1 under the Securities Exchange Act of 1934 as amended (the “Exchange Act”). Rule 15c3-1 requires the maintenance of net capital, as defined, which shall be the greater of $100 or 6 2/3% of aggregate indebtedness, as defined. EGL’s regulatory net capital as of December 31, 2012 and 2011 was $31,281 and $67,893, respectively, which exceeded the minimum net capital requirement by $27,871 and $66,726, respectively. Certain other non-U.S. subsidiaries are subject to various securities and banking regulations and capital adequacy requirements promulgated by the regulatory and exchange authorities of the countries in which they operate. These subsidiaries have consistently operated in excess of their local capital adequacy requirements.

ETC, which is limited to fiduciary activities, is regulated by the OCC and is a member bank of the Federal Reserve System. The Company, Evercore LP and ETC are subject to written agreements with the OCC that, among other things, require the Company and Evercore LP to (1) maintain at least $5,000 in Tier 1 capital in ETC (or such other amount as the OCC may require), (2) maintain liquid assets in ETC in an amount at least equal to the greater of $3,500 or 90 days coverage of ETC’s operating expenses and (3) provide at least $10,000 of certain collateral held in a segregated account at a third-party depository institution. The collateral is included in Assets Segregated for Bank Regulatory Requirements on the Consolidated Statements of Financial Condition. The Company was in compliance with the aforementioned agreements for 2012.

The entire disclosure for banks, savings institutions, and credit unions, for regulatory capital requirements imposed by the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) or for any state imposed capital requirements, as applicable. The disclosure may include (1) a description of regulatory capital requirements (a) for capital adequacy purposes and (b) established by the prompt corrective action provisions of Section 38 of the Federal Depository Insurance Act; (2) the actual or possible material effects of noncompliance with such requirements; (3) whether the entity is in compliance with the regulatory capital requirements including (a) required and actual ratios and amounts of Tier 1 leverage, Tier 1 risk-based, and total risk-based capital, tangible capital (for savings institutions), and Tier 3 capital for market risk (for certain banks and bank holding companies), (b) factors that may significantly affect capital adequacy; (4) the prompt corrective action category in which the entity was classified as of its most recent notification; (5) whether management believes any conditions or events since notification have changed the entity's category. Also may include additional information that might be disclosed in situations where substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
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-Section 50
-Paragraph 1G
-URI http://asc.fasb.org/extlink&oid=7881181&loc=SL5958577-112826

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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=7881181&loc=SL5958573-112826

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-Name Accounting Standards Codification
-Topic 942
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-Section 50
-Paragraph 1
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1F
-URI http://asc.fasb.org/extlink&oid=7881181&loc=SL5958575-112826

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Audit and Accounting Guide (AAG)
-Number AAG-DEP
-Paragraph 15, 16, 17
-IssueDate 2006-05-01
-Chapter 17
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Income Taxes

12 Months Ended

Dec. 31, 2012

Income Taxes

Note 20 – Income Taxes

As a result of the Reorganization, the operating business entities of the Company were restructured and a portion of the Company’s income is subject to U.S. federal, state, local and foreign income taxes and is taxed at the prevailing corporate tax rates. Taxes Payable as of December 31, 2012 and 2011 were $20,304 and $5,159, respectively.

The following table presents the U.S. and non-U.S. components of Income (Loss) before income tax expense:


	For the Years Ended December 31,
	2012		2011			2010
U.S.	$	45,226	$	37,681		$	30,091
Non-U.S.		14,571		(7,039	)		(4,443	)

Income before Income Tax Expense(a)	$	59,797	$	30,642		$	25,648

(a)	From continuing operations, net of Noncontrolling Interest from continuing operations.

The components of the provision for income taxes reflected on the Consolidated Statements of Operations for the years ended December 31, 2012, 2011 and 2010 consist of:


	For the Years Ended December 31,
	2012			2011			2010
Current:
Federal	$	24,956		$	2,367		$	10,054
Foreign		6,007			4,447			931
State and Local		7,912			4,942			2,256

Total Current		38,875			11,756			13,241
Deferred:
Federal		(2,458	)		11,368			3,115
Foreign		(4,756	)		(1,129	)		(340	)
State and Local		(753	)		729			161

Total Deferred		(7,967	)		10,968			2,936

Total	$	30,908		$	22,724		$	16,177

A reconciliation between the statutory federal income tax rate and the Company’s effective tax rate for the years ended December 31, 2012, 2011 and 2010 is as follows:


	For the Years Ended December 31,
	2012			2011			2010
Reconciliation of Federal Statutory Tax Rates
U.S. Statutory Tax Rate		35.0	%		35.0	%		35.0	%
Increase (Decrease) Due to State and Local Taxes		8.4	%		13.1	%		7.1	%
Rate Benefits as a Limited Liability Company/Flow Through		(6.9	%)		(5.7	%)		(10.2	%)
Foreign Taxes		2.2	%		4.3	%		0.1	%
Non-Deductible Expenses(1)		9.4	%		17.1	%		12.2	%
Valuation Allowances		(2.0	%)		(0.9	%)		0.7	%
Other Adjustments		(2.2	%)		(1.0	%)		(0.3	%)

Effective Income Tax Rate		43.9	%		61.9	%		44.6	%

(1)	Primarily related to non-deductible share-based compensation expense.

Undistributed earnings of certain foreign subsidiaries totaled approximately $2,660 as of December 31, 2012. Deferred taxes have not been provided on the undistributed earnings of certain foreign subsidiaries, as the Company considers these amounts to be indefinitely reinvested to finance international growth and expansion. As of December 31, 2012, unrecognized net deferred tax liability attributable to those reinvested earnings would have aggregated approximately $703. In the event that such amounts were ever remitted, loaned to the Company, or if the stock in the foreign subsidiary was sold, these earnings could become subject to U.S. Federal tax and an income tax provision, if any, would be recognized at that time.

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 as of December 31, 2012 and 2011 were as follows:


	December 31,
	2012		2011
Current Deferred Tax Assets:
Step up in tax basis due to the exchange of LP Units for Class A Shares	$	9,214	$	8,621

Total Current Deferred Tax Asset	$	9,214	$	8,621

Long-term Deferred Tax Assets:
Depreciation and Amortization	$	14,673	$	13,180
Compensation and Benefits		25,958		23,002
Step up in tax basis due to the exchange of LP Units for Class A Shares		181,783		154,574
Other		17,043		15,859

Total Long-term Deferred Tax Assets	$	239,457	$	206,615

Long-term Deferred Tax Liabilities:
Goodwill and Investments	$	10,008	$	11,715

Total Long-term Deferred Tax Liabilities	$	10,008	$	11,715

Net Long-term Deferred Tax Assets Before Valuation Allowance	$	229,449	$	194,900
Valuation Allowance		—		(8,211	)

Net Long-term Deferred Tax Assets	$	229,449	$	186,689

The increase in net deferred tax assets, before valuation allowance, from December 31, 2011 to December 31, 2012 was primarily attributable to an increase in the tax basis of the tangible and intangible assets of Evercore LP, which resulted from the various 2012 LP Unit exchanges and Members gifting LP Units to various charities. During 2012, the LP holders exchanged 3,091 shares of Class A Shares. This transaction resulted in an increase in the tax basis of the tangible and intangible assets of Evercore LP, which triggered an additional liability under the tax receivable agreement that was entered into in 2006 between the Company and the LP Unit holders. The agreement provides for a payment to the LP Unit holders of 85% of the cash tax savings (if any), resulting from the increased tax benefits from the exchange and for the Company to retain 15% of such benefits. Accordingly, Deferred Tax Assets – Non-Current, Amounts Due Pursuant to Tax Receivable Agreements and Additional Paid-In-Capital increased $38,974, $33,128 and $5,846, respectively, on the Company’s Consolidated Statement of Financial Condition as of December 31, 2012. See Note 14 for further discussion.

Additionally, the increase in net deferred tax assets, before valuation allowance, from December 31, 2011 to December 31, 2012 was also attributable to a $1,494 increase related to the depreciation of fixed assets and amortization of intangible assets.

The Company recorded a decrease in deferred tax assets of $(1,981) and an increase of $3,046 associated with changes in Accumulated Comprehensive Income (Loss) for the years ended December 31, 2012 and 2011, respectively.

In 2011, the Company concluded that the recoverability of its deferred tax assets in certain of its foreign subsidiaries was not more-likely-than-not to be recoverable, as required by ASC 740. As a result of the previous assessment, the Company concluded that the net deferred tax assets of these foreign subsidiaries required a full valuation allowance during those prior years.

In 2012, the Company has concluded that it is more likely than not to utilize its deferred tax asset and has reversed its valuation allowance. This determination was based on the impact of the strong positive evidence in the period related to the 2012 earnings and increases in projections of future income on management’s weighing of the positive and negative evidence.

The Company’s net operating loss and tax credit carryforwards primarily relate to carryforwards of $10,301 and $1,139 in the UK and Mexico, respectively, at December 31, 2012, which may be carried forward indefinitely in the UK and until 2017 in Mexico, subject to various limitations.

A reconciliation of the changes in tax positions for the years ended December 31, 2012, 2011 and 2010 is as follows:


	December 31,
	2012			2011			2010
Beginning unrecognized tax benefit	$	1,109		$	2,012		$	2,728
Additions for tax positions of prior years		—			98			—
Reductions for tax positions of prior years		—			—			—
Lapse of Statute of Limitations		(1,011	)		(1,001	)		(716	)

Ending unrecognized tax benefit	$	98		$	1,109		$	2,012

Included in the balance of unrecognized tax benefits at December 31, 2012, are $98 of tax benefits that, if recognized, would affect the effective tax rate. The Company recognizes interest accrued related to unrecognized tax benefits and penalties as income tax expense. The Company accrued interest and penalties of $10 and $6, respectively, during 2012 related to the unrecognized tax benefits noted above and, as of December 31, 2012, the Company had recognized a liability for penalties and interest of $32 and $17, respectively. In 2012, the Company recognized tax benefits of ($228) and ($375) for penalties and interest, respectively, associated with the lapse of the statute of limitations. The Company accrued interest of $136 during 2011 related to the unrecognized tax benefits noted above and, as of December 31, 2011, the Company had recognized a liability for penalties and interest of $255 and $387, respectively. In 2011, the Company recognized tax benefits of ($398) and ($456) for penalties and interest, respectively, associated with the lapse of the statute of limitations.

The Company does not anticipate a significant change in unrecognized tax positions as a result of the settlement of income tax audits or lapses in the statute of limitations during the next year.

The Company is subject to taxation in the U.S. and various state, local and foreign jurisdictions. The Company’s tax years for 2009 to present are subject to examination by the taxing authorities. The Company is currently under examination by the IRS for tax years 2009 and 2010, as well as by New York City for tax years 2008 and 2009. With a few exceptions, the Company is no longer subject to U.S. federal, state, local or foreign examinations by taxing authorities for years before 2009.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Concentrations of Credit Risk

Concentrations of Credit Risk

12 Months Ended

Dec. 31, 2012

Note 21 – Concentrations of Credit Risk

Financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents, marketable securities, foreign government obligations and receivables from clients. The Company has placed substantially all of its Cash and Cash Equivalents in interest-bearing deposits in U.S. commercial banks and U.S. investment banks that meet certain rating and capital requirements. The Company’s foreign subsidiaries maintain substantially all of their Cash and Cash Equivalents in interest bearing accounts at large commercial banking institutions domiciled in their respective countries of operation. Concentrations of credit risk are limited due to the quality of the Company’s clients.

Credit Risks

The Company maintains its cash and cash equivalents with financial institutions with high credit ratings. At times, the Company may maintain deposits in federally insured financial institutions in excess of federally insured (“FDIC”) limits. However, the Company believes that it is not exposed to significant credit risk due to the financial position of the depository institution in which those deposits are held.

As of December 31, 2012, the Company has securities sold under agreements to repurchase of $120,787, for which the Company has pledged collateral with a fair value of $121,029. The Company has established risk management procedures to monitor the exposure to concentrations of credit from Securities Purchased Under Agreements to Resell. The collateral for the receivables is primarily secured by Mexican government bonds and the Company monitors the collateral pledged under these agreements against their contract value from inception to maturity date.

Accounts Receivable consists primarily of advisory fees and expense reimbursements billed to clients. Receivables are reported net of any allowance for doubtful accounts. The Company maintains an allowance for bad debts to provide coverage for probable losses from customer receivables and derives the estimate through specific identification for the allowance for doubtful accounts and an assessment of the client’s creditworthiness. At December 31, 2012 and 2011 total receivables amounted to $89,098 and $52,060, net of an allowance. The Investment Banking and Investment Management receivables collection periods generally are within 90 days of invoice. The collection period for restructuring transactions and private equity fee receivables may exceed 90 days. The Company recorded bad debt expense of approximately $1,803, $1,558 and $1,008 in the years ended December 31, 2012, 2011 and 2010, respectively.

With respect to the Company’s Marketable Securities portfolio, which is comprised of highly-rated corporate and municipal bonds, mutual funds and Seed Capital Investments, the Company manages its credit risk exposure by limiting concentration risk and maintaining minimum credit quality. As of December 31, 2012, the Company had Marketable Securities of $36,545, of which 37% were corporate and municipal securities, primarily with S&P ratings ranging from AAA to BB+, and 63% were Seed Capital Investments and mutual funds.

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6327-108592

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Topic 825
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-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13531-108611

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Topic 825
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-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13537-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 94-6
-Paragraph 21, 22, 24
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Segment Operating Results

Segment Operating Results

12 Months Ended

Dec. 31, 2012

Note 22 – Segment Operating Results

Business Segments – The Company’s business results are categorized into the following two segments: Investment Banking and Investment Management. Investment Banking includes providing advice to clients on significant mergers, acquisitions, divestitures and other strategic corporate transactions as well as services related to securities underwriting, private fund placement services and commissions for agency-based equity trading services and equity research. Investment Management includes advising third-party investors in the Institutional Asset Management, Wealth Management and Private Equity sectors. On December 28, 2012, the Company, through EWM, acquired Mt. Eden, which is included in the Investment Management segment.

The Company’s segment information for the years ended December 31, 2012, 2011 and 2010 is prepared using the following methodology:

•

Revenue, expenses and income (loss) from equity method investments directly associated with each segment are included in determining pre-tax income.

•

Expenses not directly associated with specific segments are allocated based on the most relevant measures applicable, including headcount, square footage and other performance and time-based factors.

•

Segment assets are based on those directly associated with each segment, or for certain assets shared across segments; those assets are allocated based on the most relevant measures applicable, including headcount and other factors.

•

Investment gains and losses, interest income and interest expense are allocated between the segments based on the segment in which the underlying asset or liability is held.

Each segment’s Operating Expenses include: a) employee compensation and benefits expenses that are incurred directly in support of the segment and b) non-compensation expenses, which include expenses for premises and occupancy, professional fees, travel and entertainment, communications and information services, equipment 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, legal, facilities management and senior management activities. Other Expenses include: a) amortization costs associated with the modification and vesting of LP Units and certain other awards, b) charges associated with the vesting of Event-based Awards, c) the amortization of intangible assets associated with certain acquisitions, d) compensation charges associated with deferred consideration, retention awards and related compensation for Lexicon employees and e) special charges related to the Lexicon acquisition, including the exiting of facilities for office space in the UK, an introducing fee as well as other professional fees incurred by Lexicon.

The Company evaluates segment results based on net revenue and pre-tax income, both including and excluding the impact of the Other Expenses.

The following information provides a reasonable representation of each segment’s contribution.


	For the Years Ended December 31,
	2012			2011			2010
Investment Banking
Net Revenues(1)	$	565,219		$	428,124		$	301,847
Operating Expenses		444,510			337,886			240,312
Other Expenses(2)		50,774			55,591			19,408

Operating Income		69,935			34,647			42,127
Income from Equity Method Investments		2,258			1,101			16

Pre-Tax Income from Continuing Operations	$	72,193		$	35,748		$	42,143

Identifiable Segment Assets	$	624,977		$	530,008		$	370,329

Investment Management
Net Revenues(1)	$	77,154		$	96,140		$	74,058
Operating Expenses		78,876			89,269			75,704
Other Expenses(2)		2,678			5,706			3,621

Operating Income (Loss)		(4,400	)		1,165			(5,267	)
Income (Loss) from Equity Method Investments		2,594			(182	)		(573	)

Pre-Tax Income (Loss) from Continuing Operations	$	(1,806	)	$	983		$	(5,840	)

Identifiable Segment Assets	$	520,241		$	513,584		$	527,756

Total
Net Revenues(1)	$	642,373		$	524,264		$	375,905
Operating Expenses		523,386			427,155			316,016
Other Expenses(2)		53,452			61,297			23,029

Operating Income		65,535			35,812			36,860
Income (Loss) from Equity Method Investments		4,852			919			(557	)

Pre-Tax Income from Continuing Operations	$	70,387		$	36,731		$	36,303

Identifiable Segment Assets	$	1,145,218		$	1,043,592		$	898,085

(1)	Net revenues include Other Revenue, net, allocated to the segments as follows:


	For the Years Ended December 31,
	2012			2011			2010
Investment Banking(A)	$	(3,019	)	$	(2,473	)	$	(84	)
Investment Management(B)		(2,636	)		(3,021	)		(552	)

Total Other Revenue, net	$	(5,655	)	$	(5,494	)	$	(636	)

(A)

Investment Banking Other Revenue, net, includes interest expense on the Senior Notes of $4,312, $4,238 and $4,169 for the years ended December 31, 2012, 2011 and 2010, respectively.

(B)

Investment Management Other Revenue, net, includes interest expense on the Senior Notes of $3,643, $3,579 and $3,525 for the years ended December 31, 2012, 2011 and 2010, respectively.

(2)	Other Expenses are as follows:


	For the Years Ended December 31,
	2012		2011		2010
Investment Banking
Amortization of LP Units and Certain Other Awards	$	18,601	$	21,328	$	17,532
Vesting of Event-based Awards		—		8,906		—
Acquisition Related Compensation Charges		28,163		14,618		—
Special Charges		662		3,894		—
Intangible Asset Amortization		3,348		6,845		1,876

Total Investment Banking		50,774		55,591		19,408

Investment Management
Amortization of LP Units and Certain Other Awards		2,350		2,892		3,289
Vesting of Event-based Awards		—		2,483		—
Intangible Asset Amortization		328		331		332

Total Investment Management		2,678		5,706		3,621

Total Other Expenses	$	53,452	$	61,297	$	23,029

Geographic Information – The Company manages its business based on the profitability of the enterprise as a whole.

The Company’s revenues were derived from clients and private equity funds located in the following geographical areas:


	For the Years Ended December 31,
	2012		2011		2010
Net Revenues:(1)
United States	$	452,594	$	387,063	$	290,693
Europe and Other		151,261		112,049		60,605
Latin America		44,173		30,646		25,243

Total	$	648,028	$	529,758	$	376,541

(1)	Excludes Other Revenue and Interest Expense.

The substantial majority of the Company’s long-lived assets reside in the United States and the United Kingdom.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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Evercore Partners Inc. (Parent Company Only) Financial Statements

Evercore Partners Inc. (Parent Company Only) Financial Statements

12 Months Ended

Dec. 31, 2012

Note 23 – Evercore Partners Inc. (Parent Company Only) Financial Statements

EVERCORE PARTNERS INC.

(parent company only)

CONDENSED STATEMENTS OF FINANCIAL CONDITION


	December 31,
	2012			2011
ASSETS
Equity Investment in Subsidiary	$	490,856		$	452,027
Deferred Tax Asset		225,741			188,256
Other Assets		—			14,310

TOTAL ASSETS	$	716,597		$	654,593

LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities
Payable to Related Party	$	7,282		$	6,217
Taxes Payable		11,872			—
Amounts Due Pursuant to Tax Receivable Agreement		165,350			137,448
Long-term Debt—Notes Payable		101,375			99,664
Other Liabilities		2,212			3,600

TOTAL LIABILITIES		288,091			246,929
Stockholders’ Equity
Common Stock
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 35,040,501 and 31,014,265 issued at December 31, 2012 and 2011, respectively, and 29,576,986 and 27,941,307 outstanding at December 31, 2012 and 2011, respectively)		350			310
Class B, par value $0.01 per share (1,000,000 shares authorized, 43 and 47 issued and outstanding at December 31, 2012 and 2011, respectively)		—			—
Additional Paid-In-Capital		654,275			575,122
Accumulated Other Comprehensive Income (Loss)		(9,086	)		(12,058	)
Retained Earnings (Deficit)		(77,079	)		(76,703	)
Treasury Stock at Cost (5,463,515 and 3,072,958 shares at December 31, 2012 and 2011, respectively)		(139,954	)		(79,007	)

TOTAL STOCKHOLDERS’ EQUITY		428,506			407,664

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	716,597		$	654,593

See notes A to E to parent company only financial statements.

EVERCORE PARTNERS INC.

(parent company only)

CONDENSED STATEMENTS OF OPERATIONS


	For the Years Ended December 31,
	2012		2011		2010
REVENUES
Interest Income	$	7,955	$	7,817	$	7,693

TOTAL REVENUES		7,955		7,817		7,693
Interest Expense		7,955		7,817		7,693

NET REVENUES		—		—		—

EXPENSES
TOTAL EXPENSES		—		—		—

OPERATING INCOME		—		—		—

Equity in Income of Subsidiary		53,229		21,083		20,618
Provision for Income Taxes		24,340		14,131		11,664

NET INCOME (LOSS)	$	28,889	$	6,952	$	8,954

See notes A to E to parent company only financial statements.

EVERCORE PARTNERS INC.

(parent company only)

CONDENSED STATEMENTS OF CASH FLOWS


	For the Years Ended December 31,
	2012			2011			2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)	$	28,889		$	6,952		$	8,954
Undistributed Income of Subsidiary		(53,229	)		(21,083	)		(20,618	)
Accretion on Long-term Debt		1,711			1,582			1,464
(Increase) Decrease in Operating Assets:
Other Assets		14,310			12,105			(1,324	)
Increase (Decrease) in Operating Liabilities:
Payable to Uncombined Affiliates		—			957			—
Taxes Payable		11,872			—			—
Other Liabilities		(3,101	)		(574	)		—

Net Cash Provided by (Used in) Operating Activities		452			(61	)		(11,524	)
CASH FLOWS FROM INVESTING ACTIVITIES
Cash Paid for Acquisitions, net of cash acquired		—			(30,397	)		—
Investment in Subsidiary		24,239			(22,994	)		23,760

Net Cash Provided by (Used in) Investing Activities		24,239			(53,391	)		23,760
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Equity Offering		—			168,140			77,185
Purchase of Evercore LP Units		(395	)		(95,342	)		(76,763	)
Foreign Currency Translation		—			—			(300	)
Dividends		(24,296	)		(19,346	)		(12,358	)

Net Cash (Used in) Provided by Financing Activities		(24,691	)		53,452			(12,236	)

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		—			—			—
CASH AND CASH EQUIVALENTS—Beginning of Year		—			—			—

CASH AND CASH EQUIVALENTS—End of Year	$	—		$	—		$	—

See notes A to E to parent company only financial statements.

EVERCORE PARTNERS INC.

(parent company only)

NOTES TO CONDENSED FINANCIAL STATEMENTS

Note A – Organization

Evercore Partners Inc. (the “Company”) was incorporated as a Delaware corporation on July 21, 2005. The Company did not begin meaningful operations until the reorganization discussed below. Pursuant to a reorganization into a holding company structure, the Company became a holding company and its sole asset is a controlling equity interest in Evercore LP. As the sole general partner of Evercore LP, the Company operates and controls all of the business and affairs of Evercore LP and, through Evercore LP and its subsidiaries, continues to conduct the business now conducted by these subsidiaries.

Note B – Significant Accounting Policies

Basis of Presentation. The Statements of Financial Condition, Operations and Cash Flows have been prepared in accordance with U.S. GAAP.

Equity in Income of Subsidiary. The Equity in Income of Subsidiary represents the Company’s share of income from Evercore LP.

Note C – Stockholders’ Equity

The Company is authorized to issue 1,000,000 Class A Shares, par value $0.01 per share, and 1,000 shares of Class B common stock, par value $0.01 per share. All Class A Shares and shares of Class B common stock vote together as a single class. At December 31, 2012, the Company has issued 35,041 Class A Shares. The Company cancelled four shares of Class B common stock in exchange for $1.00, which were held by certain limited partners of Evercore LP during the twelve months ended December 31, 2012. During 2012, the Company purchased 726 Class A Shares primarily from employees at market values ranging from $21.71 to $29.62 per share primarily for the net settlement of stock-based compensation awards and 1,884 Class A Shares at market values ranging from $22.58 to $26.62 per share pursuant to the Company’s share repurchase program. The result of these purchases was an increase in Treasury Stock of $66,588 on the Company’s Statement of Financial Condition as of December 31, 2012. During 2012, the Company issued 39 Class A Shares from treasury stock as payment of contingent consideration in connection with the Morse Williams Agreement, 65 Class A Shares from treasury stock as payment of contingent consideration in connection with the MJC Associates Agreement and 116 Class A Shares in conjunction with the acquisition of Lexicon. The result of these issuances was a decrease in Treasury stock of $5,641 on the Company’s Statement of Financial Condition as of December 31, 2012. During the year ended December 31, 2012, the Company declared and paid dividends of $0.82 per share, totaling $24,296 which were wholly funded by the Company’s sole subsidiary, Evercore LP.

As discussed in Note 17 to the consolidated financial statements, both the LP Units and RSUs are exchangeable into Class A Shares on a one-for-one basis once vested.

Note D – Issuance of Notes Payable and Warrants

On August 21, 2008, the Company entered into a Purchase Agreement with Mizuho pursuant to which Mizuho purchased from the Company Senior Notes and Warrants expiring 2020. See Note 12 to the consolidated financial statements.

Note E – Commitments and Contingencies

As of December 31, 2012, as discussed in Note 12 to the consolidated financial statements, the Company estimates the contractual obligations related to the Senior Notes to be $169,920. Pursuant to the Senior Notes, we expect to make payments to the notes’ holder of $6,240 within one year or less, $12,480 in one to three years, $12,480 in three to five years and $138,720 after five years.

As of December 31, 2012, as discussed in Note 18 to the consolidated financial statements, the Company estimates the contractual obligations related to the Tax Receivable Agreements to be $172,624. The company expects to pay to the counterparties to the Tax Receivable Agreement $7,274 within one year or less, $26,582 in one to three years, $29,874 in three to five years and $108,894 after five years.

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

SUPPLEMENTAL FINANCIAL INFORMATION

SUPPLEMENTAL FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2012

SUPPLEMENTAL FINANCIAL INFORMATION

(dollars in thousands, except per share data)

Consolidated Quarterly Results of Operations (unaudited)

The following represents the Company’s unaudited quarterly results for the years ended December 31, 2012 and 2011. These quarterly results were prepared in accordance with U.S. GAAP and reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results. The amounts below include a correction reflecting the reclassification of Net Income (Loss) Attributable to Noncontrolling Interest related to Evercore Asset Management L.L.C. (“EAM”) from Discontinued Operations to Net Income Attributable to Noncontrolling Interest, below Net Income on the Consolidated Statements of Operations. Refer to Note 2 to our consolidated financial statements for additional information.


	For the Three Months Ended
	December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012
Net Revenues	$	214,049	$	153,029	$	172,497	$	102,798
Total Expenses		171,811		138,784		151,302		114,941

Income (Loss) Before Income from Equity Method Investments and Income Taxes		42,238		14,245		21,195		(12,143	)
Income from Equity Method Investments		1,333		415		719		2,385

Income (Loss) Before Income Taxes		43,571		14,660		21,914		(9,758	)
Provision (Benefit) for Income Taxes		18,586		7,187		9,773		(4,638	)

Net Income (Loss) from Continuing Operations		24,985		7,473		12,141		(5,120	)
Net Income (Loss) from Discontinued Operations		—		—		—		—

Net Income (Loss)		24,985		7,473		12,141		(5,120	)
Net Income (Loss) Attributable to Noncontrolling Interest		5,963		2,172		4,207		(1,752	)

Net Income (Loss) Attributable to Evercore Partners Inc.	$	19,022	$	5,301	$	7,934	$	(3,368	)

Basic Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders:
From Continuing Operations	$	0.64	$	0.18	$	0.27	$	(0.12	)
From Discontinued Operations		—		—		—		—

Net Income (Loss) Attributable to Evercore Partners Inc.	$	0.64	$	0.18	$	0.27	$	(0.12	)

Diluted Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders:
From Continuing Operations	$	0.56	$	0.17	$	0.25	$	(0.12	)
From Discontinued Operations		—		—		—		—

Net Income (Loss) Attributable to Evercore Partners Inc.	$	0.56	$	0.17	$	0.25	$	(0.12	)

Dividends Declared Per Share of Class A Common Stock	$	0.22	$	0.20	$	0.20	$	0.20



	For the Three Months Ended
	December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011
Net Revenues	$	112,781		$	163,181		$	141,204		$	107,098
Total Expenses		113,790			149,739			129,589			95,334

Income (Loss) Before Income from Equity Method Investments and Income Taxes		(1,009	)		13,442			11,615			11,764
Income from Equity Method Investments		255			195			69			400

Income (Loss) Before Income Taxes		(754	)		13,637			11,684			12,164
Provision for Income Taxes		1,080			11,144			6,064			4,436

Net Income (Loss) from Continuing Operations		(1,834	)		2,493			5,620			7,728
Net Income (Loss) from Discontinued Operations		(1,504	)		(1,200	)		(361	)		(411	)

Net Income (Loss)		(3,338	)		1,293			5,259			7,317
Net Income (Loss) Attributable to Noncontrolling Interest		(2,682	)		(466	)		2,998			3,729

Net Income (Loss) Attributable to Evercore Partners Inc.	$	(656	)	$	1,759		$	2,261		$	3,588

Basic Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders:
From Continuing Operations	$	—		$	0.06		$	0.09		$	0.16
From Discontinued Operations		(0.02	)		—			—			—

Net Income (Loss) Attributable to Evercore Partners Inc.	$	(0.02	)	$	0.06		$	0.09		$	0.16

Diluted Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders:
From Continuing Operations	$	—		$	0.06		$	0.08		$	0.14
From Discontinued Operations		(0.02	)		—			—			—

Net Income (Loss) Attributable to Evercore Partners Inc.	$	(0.02	)	$	0.06		$	0.08		$	0.14

Dividends Declared Per Share of Class A Common Stock	$	0.20		$	0.18		$	0.18		$	0.18

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

Purchase Price Allocation

Significant Accounting Policies (Policies)	12 Months Ended
Significant Accounting Policies (Policies)	Dec. 31, 2012
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 consolidated financial statements of the Company are comprised of the consolidation of Evercore LP and Evercore LP’s wholly-owned and majority-owned direct and indirect subsidiaries, including Evercore Group L.L.C. (“EGL”), a registered broker-dealer in the U.S. The Company’s policy is to consolidate all subsidiaries in which it has a controlling financial interest, as well as any variable interest entities (“VIEs”) where the Company is deemed to be the primary beneficiary, when it has the power to make the decisions that most significantly affect the economic performance of the VIE and has the obligation to absorb significant losses or the right to receive benefits that could potentially be significant to the VIE, except for certain VIEs that qualify for accounting purposes as investment companies. The Company reviews factors, including the rights of the equity holders and obligations of equity holders to absorb losses or receive expected residual returns, to determine if the investment is a VIE. In evaluating whether the Company is the primary beneficiary, the Company evaluates its economic interests in the entity held either directly or indirectly by the Company. The consolidation analysis is generally performed qualitatively. This analysis, which requires judgment, is performed at each reporting date. In February 2010, Accounting Standards Update (“ASU”) No. 2010-10, “Amendments for Certain Investment Funds”, was issued. This ASU defers the application of the revised consolidation rules for a reporting entity’s interest in an entity if certain conditions are met, including if the entity has the attributes of an investment company and is not a securitization or asset-backed financing entity. An entity that qualifies for the deferral will continue to be assessed for consolidation under the overall guidance on VIEs, before its amendment, and other applicable consolidation guidance. Generally, the Company would consolidate those entities when it absorbs a majority of the expected losses or a majority of the expected residual returns, or both, of the entities. For entities that the Company has concluded are not VIEs, the Company then evaluates whether the fund is a partnership or similar entity. If the fund is a partnership or similar entity, the Company evaluates the fund under the partnership consolidation guidance. Pursuant to that guidance, the Company consolidates funds in which it is the general partner and/or manages through a contract, unless presumption of control by the Company can be overcome. This presumption is overcome only when unrelated investors in the fund have the substantive ability to liquidate the fund or otherwise remove the Company as the general partner without cause, based on a simple majority vote of unaffiliated investors, or have other substantive participating rights. If the presumption of control can be overcome, the Company accounts for its interest in the fund pursuant to the equity method of accounting. All intercompany balances and transactions with the Company’s subsidiaries have been eliminated upon consolidation. The consolidated financial statements include Mt. Eden Investment Advisors, LLC (“Mt. Eden”) following its acquisition on December 28, 2012. See Note 4 for further disclosure. At the time of the formation transaction, the members of Evercore LP (the “Members”) received Evercore LP partnership units (“LP Units”) in consideration for their contribution of the various entities included in the historical combined financial statements of the Company. The LP Units are subject to vesting requirements and transfer restrictions and are exchangeable on a one-for-one basis for shares of Class A common stock (“Class A Shares”). The Company accounts for exchanges of LP Units for Class A Shares based on the carrying amounts of the Members’ LP Units immediately before the exchange. The Company’s interest in Evercore LP is within the scope of Accounting Standards Codification (“ASC”) 810-20, “Determining Whether a General Partner, or the General Partners as a Group, Controls a Limited Partnership or Similar Entity When the Limited Partners Have Certain Rights”. The Company consolidates Evercore LP and records noncontrolling interest for the economic interest in Evercore LP held directly by others, which includes the Members. The Company has evaluated all subsequent events through the date this Form 10-K was available to be issued.
Corrections	*Corrections* – Certain balances for prior periods were reclassified to conform to their current presentation. *Discontinued Operations* – After further consideration of the guidance within ASC 810-10, “Consolidation”, the Company determined it would be appropriate to correct its presentation for discontinued operations and therefore reclassified Net Income (Loss) Attributable to Noncontrolling Interest related to Evercore Asset Management L.L.C. (“EAM”) from Discontinued Operations to Net Income Attributable to Noncontrolling Interest, below Net Income on the Consolidated Statements of Operations. The effect of the correction is to increase Discontinued Operations, with a corresponding decrease to Net Income Attributable to Noncontrolling Interest by $2,510, $1,804 and $1,693, for the years ended December 31, 2011, 2010 and 2009, respectively. The Company believes this correction is not material to the consolidated financial statements taken as a whole.
Accounts Receivable	*Accounts Receivable* – Accounts Receivable consists primarily of investment banking fees and expense reimbursements charged to the Company’s clients. The Company records Accounts Receivable net of any allowance for doubtful accounts. The Company maintains an allowance for bad debts to provide coverage for estimated losses from its client receivables. The Company determines the adequacy of the allowance by estimating the probability of loss based on the Company’s analysis of the client’s creditworthiness and specifically reserves against exposure where the Company determines the receivables are impaired, which may include situations where a fee is in dispute or litigation has commenced.
Furniture, Equipment and Leasehold Improvements	*Furniture, Equipment and Leasehold Improvements* – Fixed assets, including office equipment, hardware and software and leasehold improvements, are stated at cost, net of accumulated depreciation and amortization. Furniture, equipment and computer hardware and software are depreciated using the straight-line method over the estimated useful lives of the assets, ranging from three to seven years. Leasehold improvements are amortized over the shorter of the term of the lease or the useful life of the asset.
Investment Banking Revenue	*Investment Banking Revenue* – The Company earns investment banking fees from our clients for providing advisory services on mergers, acquisitions, divestitures, leveraged buyouts, restructurings and similar corporate finance matters. The Company’s Investment Banking services also include services related to securities underwriting, private fund placement services and commissions for agency-based equity trading services and equity research. It is the Company’s accounting policy to recognize revenue when (i) there is persuasive evidence of an arrangement with a client, (ii) fees are fixed or determinable, (iii) the agreed-upon services have been completed and delivered to the client or the transaction or events contemplated in the engagement letter are determined to be substantially completed and (iv) collection is reasonably assured. The Company records Investment Banking Revenue on the Consolidated Statements of Operations for the following: *Advisory Fees –* In general, advisory fees are paid at the time the Company signs an engagement letter, during the course of the engagement or when an engagement is completed. In some circumstances, and as a function of the terms of an engagement letter, the Company may receive retainer fees for financial advisory services concurrent with, or soon after, the execution of the engagement letter where the engagement letter will specify a future service period associated with that fee. In such circumstances, these retainer fees are initially recorded as deferred revenue, which is recorded in Other Current Liabilities on the Consolidated Statements of Financial Condition, and subsequently recognized as revenue on the Consolidated Statements of Operations during the applicable time period within which the service is rendered. Revenues related to fairness or valuation opinions are recognized when the opinion has been rendered and delivered to the client and all other requirements for revenue recognition are satisfied. Success fees for advisory services, such as merger and acquisition advice, are recognized when the transaction(s) or event(s) are determined to be completed or substantially completed and all other requirements for revenue recognition are satisfied. In the event the Company were to receive an opinion or success fee in advance of the completion conditions noted above, such fee would initially be recorded as deferred revenue and subsequently recognized as advisory fee revenue when the conditions of completion have been satisfied. *Placement Fees* – Placement fee revenues are attributable to capital raising. The Company recognizes placement advisory fees at the time of the client’s acceptance of capital or capital commitments in accordance with the terms of the engagement letter. *Underwriting Fees* – Underwriting revenues are attributable to public and private offerings of equity and debt securities and are recognized when the offering has been deemed to be completed by the lead manager of the underwriting group. When the offering is completed, the Company recognizes the applicable management fee, selling concession and underwriting fee, the latter net of estimated offering expenses. *Commissions* – Commissions received from customers for the execution of agency-based brokerage transactions in listed and over-the-counter equities are recorded on a trade-date basis or, in the case of payments under commission sharing arrangements, when earned. Taxes collected from customers and remitted to governmental authorities are presented on a net basis on the Consolidated Statements of Operations. *Investment Management Revenue* – The Company’s Investment Management business generates revenues from the management of client assets and the private equity funds. Investment management fees for third-party clients are generally based on the value of the assets under management (“AUM”) and any performance fees that may be negotiated with the client. These fees are generally recognized over the period that the related services are provided, based upon the beginning, ending or average value of the assets for the relevant period. Fees paid in advance of services rendered are initially recorded as deferred revenue, which is recorded in Other Current Liabilities on the Consolidated Statements of Financial Condition, and are recognized in Investment Management Revenue on the Consolidated Statements of Operations ratably over the period in which the related service is rendered. Generally, to the extent performance fee arrangements have been negotiated, these fees are earned when the return on assets exceeds certain benchmark returns. Performance fees are accrued on a monthly basis and are not subject to adjustment once the measurement period ends (annually) and performance fees have been realized. Management fees for private equity funds are contractual and are typically based on committed capital during the private equity funds’ investment period, and on invested capital, thereafter. Management fees are recognized ratably over the period during which services are provided. The management fees may provide for a management fee offset for certain portfolio company fees the Company earns. The Company also records performance fee revenue from the private equity funds when the returns on the private equity funds’ investments exceed certain threshold minimums. These performance fees, or carried interest, are computed in accordance with the underlying private equity funds’ partnership agreements and are based on investment performance over the life of each investment partnership. Performance fees are recorded as revenue as earned pursuant to the underlying agreements. Fees generated for serving as an independent fiduciary and/or trustee are either based on a flat fee, are pre-negotiated with the client or are based on the value of assets under administration. For ongoing engagements, fees are billed quarterly either in advance or in arrears. Fees paid in advance of services rendered are initially recorded as deferred revenue in Other Current Liabilities on the Consolidated Statements of Financial Condition, and are recognized in Investment Management Revenue on the Consolidated Statements of Operations ratably over the period in which the related services are rendered.
Other Revenue, Including Interest and Interest Expense	*Other Revenue, Including Interest and Interest Expense* – Other Revenue, Including Interest and Interest Expense is derived primarily from financing transactions. These transactions are principally repurchases and resales of Mexican government securities. Revenue and expenses associated with these transactions are recognized over the term of the repurchase transaction. Other Revenue, Including Interest and Interest Expense also includes interest expense associated with the $120,000 principal amount of senior unsecured notes (“Senior Notes”), as well as income earned on marketable securities and cash deposited with financial institutions.
Client Expense Reimbursement	*Client Expense Reimbursement* – In the conduct of its financial advisory service engagements and in advising the private equity funds, the Company receives reimbursement for certain expenses incurred by the Company on behalf of its clients and the funds. Transaction-related expenses, which are billable to clients, are recognized as revenue and recorded in Accounts Receivable on the later of the date of an executed engagement letter or the date the expense is incurred.
Noncontrolling Interest	*Noncontrolling Interest* – Noncontrolling interest recorded in the consolidated financial statements of the Company relates to the portions of the subsidiaries not owned by the Company. The Company allocates net income to noncontrolling interests held at Evercore LP and at the operating entity level, where required, by multiplying the vested equity ownership percentage of the noncontrolling interest holders for the period by the net income or loss for the entity which the noncontrolling interest relates. In circumstances where the governing documents of the entity to which the noncontrolling interest relates require special allocations of profits (losses) to the controlling and noncontrolling interest holders, then the net income or loss of these entities will be allocated based on these special allocations. ASC 810-10, “Noncontrolling Interests in Consolidated Financial Statements – an amendment of ARB No.51” (“ASC 810-10”) requires reporting entities to present noncontrolling (minority) interests as equity (as opposed to as a liability or mezzanine equity) and provides guidance on the accounting for transactions between an entity and noncontrolling interests. The adoption of ASC 810-10 resulted in the presentation of Noncontrolling Interest as a component of Total Equity on the Consolidated Statements of Financial Condition and below Net Income on the Consolidated Statements of Operations. In addition, the adoption of ASC 810-10 resulted in an allocation of the components of Total Comprehensive Income between controlling interests and noncontrolling interests for the years ended December 31, 2012, 2011 and 2010.
Cash and Cash Equivalents	*Cash and Cash Equivalents* – Cash and Cash Equivalents consist of short-term highly-liquid investments with original maturities of three months or less.
Fair Value of Financial Instruments	*Fair Value of Financial Instruments* – The majority of the Company’s assets and liabilities are recorded at fair value or at amounts that approximate fair value. Such assets and liabilities include cash and cash equivalents, investments, marketable securities, financial instruments owned and pledged as collateral, repurchase and reverse repurchase agreements, receivables and payables and accruals. See Note 10 for further information.
Marketable Securities	*Marketable Securities* – Marketable Securities include investments in corporate, municipal and other debt securities, as well as investments in readily-marketable equity securities, which are accounted for as available-for-sale under ASC 320-10, “Accounting for Certain Investments in Debt and Equity Securities”. These securities are carried at fair value on the Consolidated Statements of Financial Condition. Unrealized gains and losses are reported as net increases or decreases to Accumulated Other Comprehensive Income (Loss), net of tax, while realized gains and losses on these securities are determined using the specific identification method and are included in Other Revenue, Including Interest on the Consolidated Statements of Operations. The readily-marketable debt and equity securities are valued using quoted market prices on applicable exchanges or markets. Marketable Securities also include investments in municipal bonds held at EGL and mutual funds, which are carried at fair value, with changes in fair value recorded in Other Revenues, Including Interest on the Consolidated Statements of Operations. Marketable Securities transactions are recorded as of the trade date.
Financial Instruments Owned and Pledged as Collateral at Fair Value	*Financial Instruments Owned and Pledged as Collateral at Fair Value* – The Company’s Financial Instruments Owned and Pledged as Collateral at Fair Value consist principally of foreign government obligations, which are recorded on a trade-date basis and are stated at quoted market values. Related gains and losses are reflected in Other Revenue, Including Interest on the Consolidated Statements of Operations. The Company pledges the Financial Instruments Owned and Pledged as Collateral at Fair Value to collateralize certain financing arrangements, which permits the counterparty to pledge the securities.
Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase	*Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase* – Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase are treated as collateralized financing transactions. The agreements provide that the transferor will receive substantially the same securities in return at the maturity of the agreement. These transactions are carried at the amounts at which the related securities will be subsequently resold or repurchased, plus accrued interest payable or receivable. As the maturities on these transactions are short-term in nature (i.e. generally mature on the next business day) and the underlying securities are debt instruments of the Mexican Governments or its agencies, their carrying amounts approximate fair value. The Company periodically assesses the collectability or credit quality related to securities purchased under agreements to resell.
Investments	*Investments* – The Company’s investments include investments in private equity partnerships, the Company’s equity interests in G5, ABS Investment Management, LLC (“ABS”) and Evercore Pan-Asset Capital Management (“Pan”), which are accounted for under the equity method of accounting. *Private Equity* – The investments of private equity funds consist primarily of investments in marketable and non-marketable securities of the portfolio companies. The underlying investments held by the private equity funds are valued based on quoted market prices or estimated fair value if there is no public market. The Company determines fair value of non-marketable securities by giving consideration to a range of factors, including but not limited to, market conditions, operating performance (current and projected) and subsequent financing transactions. Due to the inherent uncertainty in the valuation of these non-marketable securities, estimated values may materially differ from the values that would have been used had a ready market existed for these investments. Investments in publicly-traded securities held by the private equity funds are valued using quoted market prices. The Company recognizes its allocable share of the changes in fair value of the private equity funds’ underlying investments as realized and unrealized gains (losses) within Investment Management Revenue in the Consolidated Statements of Operations. *Affiliates* – The Company’s equity interests in G5, ABS and Pan include its share of the income (losses) within Income (Loss) from Equity Method Investments, as a component of Income Before Income Taxes, on the Consolidated Statements of Operations. The Company assesses its Equity Method Investments annually for impairment, or more frequently if circumstances indicate impairment may have occurred. The Company also maintains an investment in Trilantic Capital Partners (“Trilantic”). See Note 9 for further information.
Goodwill and Intangible Assets	*Goodwill and Intangible Assets* – Goodwill is tested for impairment annually, as of November 30^th, or more frequently if circumstances indicate impairment may have occurred. The Company assesses whether any goodwill recorded by its applicable reporting unit is impaired by comparing the fair value of each business with its respective carrying amount. For acquired businesses, contingent consideration is recognized and measured at fair value as of the acquisition date and at subsequent reporting periods. Intangible assets with finite lives 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 as prescribed by ASC 360, “Accounting for the Impairment or Disposal of Long-Lived Assets”. The Company tests goodwill for impairment at the reporting unit level. In determining the fair value for each reporting unit the Company utilizes either a market multiple approach or a discounted cash flow methodology based on the adjusted cash flows from operations, or a weighted combination of both a market multiple approach and discounted cash flow methodology. The market multiple approach includes applying the average earnings multiples of comparable public companies for their respective reporting segment multiplied by the forecasted earnings of the respective reporting unit to yield an estimate of fair value. The discounted cash flow methodology begins with the forecasted adjusted cash flows from each of the reporting units and uses a discount rate that reflects the weighted average cost of capital adjusted for the risks inherent in the future cash flows. See Note 4 for further information.
Compensation and Benefits	*Compensation and Benefits* – Compensation includes salaries, bonuses (discretionary awards and guaranteed amounts), severance, deferred cash and share-based compensation. Cash bonuses are accrued over the respective service periods to which they relate and deferred cash and share-based bonuses are expensed prospectively over their requisite service period.
Share-Based Payments	*Share-Based Payments* –The Company accounts for share-based payments in accordance with ASC 718, “Compensation – Stock Compensation” (“ASC 718”) and the impact on the Company’s Consolidated Statements of Financial Condition and Statements of Operations is discussed in Note 17. Compensation expense recognized pursuant to share-based awards is based on the grant date fair value of the award. The fair value (as measured on the grant date) of awards that vest from one to five years (“Service-based Awards”) is amortized over the vesting periods or requisite service periods as required under ASC 718, however, the vesting of some Service-based Awards will accelerate upon the occurrence of certain events. The Company amortizes the grant-date fair value of share-based compensation awards made to employees, who are or will become retirement eligible prior to the stated vesting date, over the expected substantive service period. For the purposes of calculating diluted net income per share attributable to Evercore Partners Inc. common shareholders, unvested Service-based Awards are included in the diluted weighted average Class A Shares outstanding using the treasury stock method. Once vested, restricted stock units (“RSUs”) and restricted stock are included in the basic and diluted weighted average Class A Shares outstanding. Expense relating to RSUs and restricted stock is charged to Employee Compensation and Benefits within the Consolidated Statements of Operations. For a discussion of Event-based Awards, see Note 17. Awards classified as liabilities as required under ASC 718, such as cash settled share-based awards, are re-measured at fair value at each reporting period.
Foreign Currency Translation	*Foreign Currency Translation* – Foreign currency assets and liabilities have been translated at rates of exchange prevailing at the end of the periods presented. Income and expenses transacted in foreign currency have been translated at average monthly exchange rates during the period. Translation gains and losses are included in the foreign currency translation adjustment as a component of Accumulated Other Comprehensive Income (Loss) in the Consolidated Statements of Changes in Equity and Other Comprehensive Income (Loss) in the Consolidated Statements of Comprehensive Income. Exchange gains and losses arising from translating intercompany balances of a long-term investment nature are recorded in the foreign currency translation account while transactional exchange gains and losses are included in Other Revenue, Including Interest on the Consolidated Statements of Operations.
Income Taxes	*Income Taxes* –The Company accounts for income taxes in accordance with ASC 740, “Accounting for Income Taxes” (“ASC 740”), which requires the recognition of tax benefits or expenses on temporary differences between the financial reporting and tax bases of its assets and liabilities, as disclosed in Note 20. Deferred income taxes reflect the net tax effects of temporary differences between financial reporting and tax bases 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 on the Company’s Consolidated Statements of Financial Condition as deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when it is more-likely-than-not that some portion or all of the deferred tax assets will not be realized. Significant management judgment is required in determining the Company’s provision for income taxes, deferred tax assets and liabilities and any valuation allowance recorded against the Company’s net deferred tax assets. ASC 740 provides a benefit recognition model with a two-step approach consisting of “more-likely-than-not” recognition criteria, and a measurement attribute that measures the position as the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement. ASC 740 also requires the recognition of liabilities created by differences between tax positions taken in a tax return and amounts recognized in the financial statements. See Note 20 for disclosure in regard to the impact of the adoption of ASC 740 on the Company’s consolidated financial statements.

Business Changes and Developments (Tables)

12 Months Ended

Dec. 31, 2012

The purchase price allocation is as follows:


	Amount
Purchase Price:
Cash Paid	$	52,160
Fair Value of Shares Issued		636
Fair Value of Deferred Cash Consideration		9,274

Total Fair Value of Purchase Price		62,070

Fair Value of Assets Acquired and Liabilities Assumed:
Cash and Cash Equivalents		21,812
Accounts Receivable		7,821
Prepaid Expenses		9,504
Fixed Assets		429
Other Assets		964
Intangible Assets		7,164
Current Liabilities		(21,592	)
Long-term Debt		(8,318	)

Identifiable Net Assets		17,784

Goodwill Resulting from Business Combination	$	44,286

Operating Results on Pro Forma Basis

If the acquisition of Lexicon was effective as of January 1, 2010, the operating results of the Company, on a pro forma basis, would have been:


	For the Years Ended December 31,
	2011		2010
	(Unaudited)
Net Revenues	$	575,344	$	446,174
Pre-tax Income	$	31,325	$	18,650
Net Income from Continuing Operations Attributable to Evercore Partners Inc.	$	4,635	$	2,504
Diluted Net Income Per Share from Continuing Operations Available to Evercore Partners Inc.	$	0.15	$	0.10

Goodwill Associated with Acquisitions

Goodwill associated with the Company’s acquisitions is as follows:


	Investment Banking			Investment Management			Total
	Investment Banking			Investment Management			Total
Balance at December 31, 2010	$	43,199		$	95,832		$	139,031
Acquisitions		44,286			80			44,366
Foreign Currency Translation and Other		(5,548	)		—			(5,548	)

Balance at December 31, 2011		81,937			95,912			177,849
Acquisitions		—			6,500			6,500
Foreign Currency Translation and Other		4,415			(80	)		4,335

Balance at December 31, 2012	$	86,352		$	102,332		$	188,684

Intangible Assets Associated with Acquisitions

Intangible assets associated with the Company’s acquisitions are as follows:


	December 31, 2012
	Gross Carrying Amount						Accumulated Amortization
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
Client Related	$	2,300	$	46,960	$	49,260	$	969	$	16,412	$	17,381
Acquired Mandates		1,810		—		1,810		1,324		—		1,324
Non-compete/Non-solicit Agreements		135		1,949		2,084		67		920		987
Other		—		2,245		2,245		—		310		310

Total	$	4,245	$	51,154	$	55,399	$	2,360	$	17,642	$	20,002


	December 31, 2011
	Gross Carrying Amount						Accumulated Amortization
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
Client Related	$	17,835	$	43,250	$	61,085	$	13,874	$	10,197	$	24,071
Acquired Mandates		1,810		—		1,810		836		—		836
Non-compete/Non-solicit Agreements		135		1,780		1,915		40		564		604
Other		—		1,800		1,800		—		190		190

Total	$	19,780	$	46,830	$	66,610	$	14,750	$	10,951	$	25,701

Annual Amortization of Intangibles for Next Five Years

Based on the intangible assets above, as of December 31, 2012, annual amortization of intangibles for each of the next five years is as follows:


2013	$	7,962
2014	$	5,668
2015	$	4,008
2016	$	3,627
2017	$	3,237

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

Receivable from Employees and Related Parties

Related Parties (Tables)

12 Months Ended

Dec. 31, 2012

Receivable from Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2012 and 2011:


	December 31,
	2012		2011
Advances to Employees	$	3,624	$	4,830
Personal Expenses Paid on Behalf of Employees and Related Parties		213		49
Receivable from Affiliates		390		689
Reimbursable Expenses Due From Portfolio Companies of the Company’s Private Equity Funds		409		636
Reimbursable Expenses Relating to the Private Equity Funds		530		1,589

Receivable from Employees and Related Parties	$	5,166	$	7,793

Payable to Employees and Related Parties

Payable to Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2012 and 2011:


	December 31,
	2012		2011
Board of Director Fees	$	266	$	235
Lexicon Deferred Consideration Payable		—		358
Amounts Due to Former Members of Lexicon		5,424		5,844
Amounts Due Pursuant to Tax Receivable Agreements(a)		7,274		6,210

Payable to Employees and Related Parties	$	12,964	$	12,647

(a)	Relates to the current portion of the Member exchange of LP Units for Class A Shares. The long-term portion of $165,350 and $137,448 is disclosed in Amounts Due Pursuant to Tax Receivable Agreements on the Consolidated Statements of Financial Condition at December 31, 2012 and 2011, respectively.

Marketable Securities (Tables)

12 Months Ended

Dec. 31, 2012

Amortized Cost and Estimated Fair Value of Marketable Securities

The amortized cost and estimated fair value of the Company’s Marketable Securities as of December 31, 2012 and 2011 were as follows:


	December 31, 2012								December 31, 2011
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available-for-Sale
Debt Securities:
Corporate Bonds	$	—	$	—	$	—	$	—	$	1,008	$	—	$	2	$	1,006
Municipal Bonds		—		—		—		—		9,544		9		—		9,553
Other Debt Securities		—		—		—		—		2,000		—		—		2,000
Seed Capital Investments		10,172		1,428		20		11,580		10,905		812		27		11,690

Total Available-for-Sale		10,172		1,428		20		11,580		23,457		821		29		24,249
Debt Securities Carried by EGL		13,522		97		—		13,619		47,583		518		—		48,101
Mutual Funds		10,946		412		12		11,346		9,350		191		603		8,938

Total	$	34,640	$	1,937	$	32	$	36,545	$	80,390	$	1,530	$	632	$	81,288

Scheduled Maturities of Available-for-Sale Debt Securities

Scheduled maturities of the Company’s available-for-sale debt securities as of December 31, 2012 and 2011 were as follows:


	December 31, 2012				December 31, 2011
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	658	$	659	$	8,699	$	8,703
Due after one year through five years		1,415		1,437		3,853		3,856
Due after five years through 10 years		347		346		—		—

Total	$	2,420	$	2,442	$	12,552	$	12,559

Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase (Tables)

12 Months Ended

Dec. 31, 2012

Summary of Assets, Liabilities and Collateral Received or Pledged

As of December 31, 2012 and 2011, a summary of the Company’s assets, liabilities and collateral received or pledged related to these transactions is as follows:


	December 31, 2012					December 31, 2011
	Asset (Liability) Balance			Market Value of Collateral Received or (Pledged)		Asset (Liability) Balance			Market Value of Collateral Received or (Pledged)
Assets
Financial Instruments Owned and Pledged as Collateral at Fair Value	$	120,594				$	127,178
Securities Purchased Under Agreements to Resell		—		$	—		2,146		$	2,143

Total Assets	$	120,594				$	129,324

Liabilities
Securities Sold Under Agreements to Repurchase	$	(120,787	)	$	(121,029)	$	(129,577	)	$	(129,809	)

Investments (Tables)

12 Months Ended

Dec. 31, 2012

Private Equity Funds

Summary of Investment

A summary of the Company’s investment in the private equity funds as of December 31, 2012 and 2011 was as follows:


	December 31, 2012		December 31, 2011
ECP II	$	3,793	$	5,037
Discovery Fund		3,060		2,393
EMCP II		10,400		9,674
EMCP III		1,696		—
CSI Capital		3,056		3,496
Trilantic IV		4,573		4,551

Total Private Equity Funds	$	26,578	$	25,151

Other Equity Method Investments

Summary of Investment

A summary of the Company’s other equity investments as of December 31, 2012 and 2011 was as follows:


	December 31, 2012		December 31, 2011
G5	$	19,720	$	20,595
ABS		46,851		45,104
Pan		2,749		2,531

Total	$	69,320	$	68,230

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2012

Categorization of Investments and Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the categorization of investments and certain other financial assets measured at fair value on a recurring basis as of December 31, 2012 and 2011:


	December 31, 2012
	Level I		Level II		Level III		Total
Corporate Bonds, Municipal Bonds and Other Debt Securities(1)	$	—	$	38,482	$	—	$	38,482
Seed Capital Investments		9,138		2,442		—		11,580
Mutual Funds		11,346		—		—		11,346
Financial Instruments Owned and Pledged as Collateral at Fair Value		120,594		—		—		120,594

Total Assets Measured At Fair Value	$	141,078	$	40,924	$	—	$	182,002


	December 31, 2011
	Level I		Level II		Level III		Total
Corporate Bonds, Municipal Bonds and Other Debt Securities(1)	$	—	$	106,951	$	—	$	106,951
Seed Capital Investments		9,150		2,540		—		11,690
Mutual Funds		8,938		—		—		8,938
Financial Instruments Owned and Pledged as Collateral at Fair Value		127,178		—		—		127,178

Total Assets Measured At Fair Value	$	145,266	$	109,491	$	—	$	254,757

(1)	Includes $24,863 and $46,291 of municipal bonds and commercial paper classified within Cash and Cash Equivalents on the Consolidated Statements of Financial Condition as of December 31, 2012 and 2011, respectively.

Carrying Amount and Estimated Fair Value of Financial Instrument Assets and Liabilities which are Not Measured at Fair Value


	Carrying Amount		December 31, 2012
			Estimated Fair Value
			Level I		Level II		Level III		Total
Financial Assets:
Cash and Cash Equivalents	$	234,568	$	234,568	$	—	$	—	$	234,568
Accounts Receivable		89,098		—		89,098		—		89,098
Receivable from Employees and Related Parties		5,166		—		5,166		—		5,166
Assets Segregated for Bank Regulatory Requirements		10,200		10,200		—		—		10,200
Financial Liabilities:
Accounts Payable and Accrued Expenses	$	17,909	$	—	$	17,909	$	—	$	17,909
Securities Sold Under Agreements to Repurchase		120,787		—		120,787		—		120,787
Payable to Employees and Related Parties		12,964		—		12,964		—		12,964
Notes Payable		101,375		—		136,860		—		136,860

	Carrying Amount		December 31, 2011
			Estimated Fair Value
			Level I		Level II		Level III		Total
Financial Assets:
Cash and Cash Equivalents	$	136,614	$	136,614	$	—	$	—	$	136,614
Securities Purchased Under Agreements to Resell		2,146		—		2,146		—		2,146
Accounts Receivable		52,060		—		52,060		—		52,060
Receivable from Employees and Related Parties		7,793		—		7,793		—		7,793
Assets Segregated for Bank Regulatory Requirements		10,200		10,200		—		—		10,200
Financial Liabilities:
Accounts Payable and Accrued Expenses	$	17,849	$	—	$	17,849	$	—	$	17,849
Securities Sold Under Agreements to Repurchase		129,577		—		129,577		—		129,577
Payable to Employees and Related Parties		12,647		—		12,647		—		12,647
Notes Payable		99,664		—		122,279		—		122,279

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 19
-Subparagraph a, b, c(1), d(1)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 14
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15
-Subparagraph b-d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 18
-Subparagraph c(2), d, e, f
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32
-Subparagraph a, c(1), c(2), c(3), d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Furniture, Equipment and Leasehold Improvements

Furniture, Equipment and Leasehold Improvements (Tables)

12 Months Ended

Dec. 31, 2012

Furniture, Equipment and Leasehold Improvements consisted of the following:


	December 31, 2012			December 31, 2011
Furniture and Office Equipment	$	8,891		$	7,137
Leasehold Improvements		30,884			19,890
Computer and Computer-related Equipment		9,882			7,900

Total		49,657			34,927
Less: Accumulated Depreciation and Amortization		(19,880	)		(13,490	)

Furniture, Equipment and Leasehold Improvements, Net	$	29,777		$	21,437

Issuance of Notes Payable and Warrants (Tables)

12 Months Ended

Dec. 31, 2012

Future Payments Required on Senior Notes Including Principal and Interest

As of December 31, 2012, the future payments required on the Senior Notes, including principal and interest were as follows:


2013	$	6,240
2014		6,240
2015		6,240
2016		6,240
2017		6,240
Thereafter		138,720

Total	$	169,920

Noncontrolling Interest (Tables)

12 Months Ended

Dec. 31, 2012

Changes In Noncontrolling Interest

Changes in Noncontrolling Interest for the years ended December 31, 2012, 2011 and 2010 were as follows:


	For the Years Ended December 31,
	2012			2011			2010
Beginning balance	$	58,162		$	66,542		$	29,361
Comprehensive income (loss)
Operating income		10,590			3,579			8,851
Other comprehensive income (loss)		1,269			(2,218	)		(754	)

Total comprehensive income		11,859			1,361			8,097
Other items
Evercore LP Units Purchased or Converted into Class A Common Stock		(9,867	)		(12,268	)		(9,834	)
Amortization and Vesting of LP Units		21,697			21,057			20,059
Distributions to Noncontrolling Interests		(16,528	)		(19,087	)		(19,513	)
Fair value of noncontrolling interest in AS		—			—			33,139
Issuance of noncontrolling interest		469			917			4,381
Other		(3,549	)		(360	)		852

Total other items		(7,778	)		(9,741	)		29,084

Ending balance	$	62,243		$	58,162		$	66,542

Calculations of Basic and Diluted Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders (Tables)

12 Months Ended

Dec. 31, 2012

Schedule Of Basic And Diluted Net Income Per Share


	For the Years Ended December 31,
	2012			2011			2010
Basic Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders
Numerator:
Net income from continuing operations attributable to Evercore Partners Inc.	$	28,889		$	7,918		$	9,471
Associated accretion of redemption price of noncontrolling interest in Trilantic (See Note 15)		(84	)		(84	)		(74	)

Net income from continuing operations attributable to Evercore Partners Inc. common shareholders		28,805			7,834			9,397
Net income (loss) from discontinued operations attributable to Evercore Partners Inc. common shareholders		—			(966	)		(517	)

Net income attributable to Evercore Partners Inc. common shareholders	$	28,805		$	6,868		$	8,880

Denominator:
Weighted average shares of Class A common stock outstanding, including vested restricted stock units (“RSUs”)		29,275			26,019			19,655
Basic net income per share from continuing operations attributable to Evercore Partners Inc. common shareholders	$	0.98		$	0.30		$	0.47
Basic net income (loss) per share from discontinued operations attributable to Evercore Partners Inc. common shareholders		—			(0.04	)		(0.02	)

Basic net income per share attributable to Evercore Partners Inc. common shareholders	$	0.98		$	0.26		$	0.45

Diluted Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders
Numerator:
Net income from continuing operations attributable to Evercore Partners Inc. common shareholders	$	28,805		$	7,834		$	9,397
Noncontrolling interest related to the assumed exchange of LP Units for Class A common shares		(a	)		(a	)		(a	)
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above		(a	)		(a	)		(a	)

Diluted net income from continuing operations attributable to Class A common shareholders		28,805			7,834			9,397
Net income (loss) from discontinued operations attributable to Evercore Partners Inc. common shareholders		—			(966	)		(517	)

Diluted net income attributable to Class A common shareholders	$	28,805		$	6,868		$	8,880

Denominator:
Weighted average shares of Class A common stock outstanding, including vested RSUs		29,275			26,019			19,655
Assumed exchange of LP Units for Class A common shares		(a	)		(a	)		(a	)
Additional shares of the Company’s common stock assumed to be issued pursuant to non-vested RSUs and deferred consideration, as calculated using the Treasury Stock Method		2,386			1,903			1,892
Assumed conversion of Warrants issued		887			1,475			1,421

Diluted weighted average shares of Class A common stock outstanding		32,548			29,397			22,968

Diluted net income per share from continuing operations attributable to Evercore Partners Inc. common shareholders	$	0.89		$	0.27		$	0.41
Diluted net income (loss) per share from discontinued operations attributable to Evercore Partners Inc. common shareholders		—			(0.04	)		(0.02	)

Diluted net income per share attributable to Evercore Partners Inc. common shareholders	$	0.89		$	0.23		$	0.39

(a)

Share-Based and Other Deferred Compensation (Tables)

12 Months Ended

Dec. 31, 2012

Acquisition-Related

Summary of Activity Related to Share-Based Payment Awards

The following table summarizes activity related to Acquisition-related Awards during the year ended December 31, 2012:


	Acquisition-related Awards
	Number of Shares			Grant Date Weighted Average Fair Value
Unvested Balance at January 1, 2012		1,911		$	43,537
Granted		54			1,421
Modified		—			—
Forfeited		—			—
Vested		(246	)		(5,620	)

Unvested Balance at December 31, 2012		1,719		$	39,338

Equity Grants

Summary of Activity Related to Share-Based Payment Awards

The following table summarizes activity related to Service-based Awards, which includes RSUs as well as LP Units, during the year ended December 31, 2012:


	Service-based Awards
	Number of Shares			Grant Date Weighted Average Fair Value
Unvested Balance at January 1, 2012		8,351		$	188,051
Granted		3,312			94,059
Modified		—			—
Forfeited		(393	)		(8,939	)
Vested		(3,298	)		(76,303	)

Unvested Balance at December 31, 2012		7,972		$	196,868

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2012

Aggregate Minimum Future Payments Required on Operating Leases

As of December 31, 2012, the approximate aggregate minimum future payments required on the operating leases are as follows:


2013	$	20,694
2014		19,517
2015		18,214
2016		19,248
2017		18,113
Thereafter		89,298

Total	$	185,084

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Components of Income (Loss) Before Income Tax Expense

The following table presents the U.S. and non-U.S. components of Income (Loss) before income tax expense:


	For the Years Ended December 31,
	2012		2011			2010
U.S.	$	45,226	$	37,681		$	30,091
Non-U.S.		14,571		(7,039	)		(4,443	)

Income before Income Tax Expense(a)	$	59,797	$	30,642		$	25,648

(a)	From continuing operations, net of Noncontrolling Interest from continuing operations.

Components of Provision for Income Taxes Reflected on Consolidated Statements of Operations

The components of the provision for income taxes reflected on the Consolidated Statements of Operations for the years ended December 31, 2012, 2011 and 2010 consist of:


	For the Years Ended December 31,
	2012			2011			2010
Current:
Federal	$	24,956		$	2,367		$	10,054
Foreign		6,007			4,447			931
State and Local		7,912			4,942			2,256

Total Current		38,875			11,756			13,241
Deferred:
Federal		(2,458	)		11,368			3,115
Foreign		(4,756	)		(1,129	)		(340	)
State and Local		(753	)		729			161

Total Deferred		(7,967	)		10,968			2,936

Total	$	30,908		$	22,724		$	16,177

Reconciliation Between Statutory Federal Income Tax Rate and Effective Tax Rate

A reconciliation between the statutory federal income tax rate and the Company’s effective tax rate for the years ended December 31, 2012, 2011 and 2010 is as follows:


	For the Years Ended December 31,
	2012			2011			2010
Reconciliation of Federal Statutory Tax Rates
U.S. Statutory Tax Rate		35.0	%		35.0	%		35.0	%
Increase (Decrease) Due to State and Local Taxes		8.4	%		13.1	%		7.1	%
Rate Benefits as a Limited Liability Company/Flow Through		(6.9	%)		(5.7	%)		(10.2	%)
Foreign Taxes		2.2	%		4.3	%		0.1	%
Non-Deductible Expenses(1)		9.4	%		17.1	%		12.2	%
Valuation Allowances		(2.0	%)		(0.9	%)		0.7	%
Other Adjustments		(2.2	%)		(1.0	%)		(0.3	%)

Effective Income Tax Rate		43.9	%		61.9	%		44.6	%

(1)	Primarily related to non-deductible share-based compensation expense.

Details of Deferred Tax Assets and Liabilities

Details of the Company’s deferred tax assets and liabilities as of December 31, 2012 and 2011 were as follows:


	December 31,
	2012		2011
Current Deferred Tax Assets:
Step up in tax basis due to the exchange of LP Units for Class A Shares	$	9,214	$	8,621

Total Current Deferred Tax Asset	$	9,214	$	8,621

Long-term Deferred Tax Assets:
Depreciation and Amortization	$	14,673	$	13,180
Compensation and Benefits		25,958		23,002
Step up in tax basis due to the exchange of LP Units for Class A Shares		181,783		154,574
Other		17,043		15,859

Total Long-term Deferred Tax Assets	$	239,457	$	206,615

Long-term Deferred Tax Liabilities:
Goodwill and Investments	$	10,008	$	11,715

Total Long-term Deferred Tax Liabilities	$	10,008	$	11,715

Net Long-term Deferred Tax Assets Before Valuation Allowance	$	229,449	$	194,900
Valuation Allowance		—		(8,211	)

Net Long-term Deferred Tax Assets	$	229,449	$	186,689

Reconciliation of Changes in Tax Positions

A reconciliation of the changes in tax positions for the years ended December 31, 2012, 2011 and 2010 is as follows:


	December 31,
	2012			2011			2010
Beginning unrecognized tax benefit	$	1,109		$	2,012		$	2,728
Additions for tax positions of prior years		—			98			—
Reductions for tax positions of prior years		—			—			—
Lapse of Statute of Limitations		(1,011	)		(1,001	)		(716	)

Ending unrecognized tax benefit	$	98		$	1,109		$	2,012

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

Information Regarding Operations By Segment

Segment Operating Results (Tables)

12 Months Ended

Dec. 31, 2012

The following information provides a reasonable representation of each segment’s contribution.


	For the Years Ended December 31,
	2012			2011			2010
Investment Banking
Net Revenues(1)	$	565,219		$	428,124		$	301,847
Operating Expenses		444,510			337,886			240,312
Other Expenses(2)		50,774			55,591			19,408

Operating Income		69,935			34,647			42,127
Income from Equity Method Investments		2,258			1,101			16

Pre-Tax Income from Continuing Operations	$	72,193		$	35,748		$	42,143

Identifiable Segment Assets	$	624,977		$	530,008		$	370,329

Investment Management
Net Revenues(1)	$	77,154		$	96,140		$	74,058
Operating Expenses		78,876			89,269			75,704
Other Expenses(2)		2,678			5,706			3,621

Operating Income (Loss)		(4,400	)		1,165			(5,267	)
Income (Loss) from Equity Method Investments		2,594			(182	)		(573	)

Pre-Tax Income (Loss) from Continuing Operations	$	(1,806	)	$	983		$	(5,840	)

Identifiable Segment Assets	$	520,241		$	513,584		$	527,756

Total
Net Revenues(1)	$	642,373		$	524,264		$	375,905
Operating Expenses		523,386			427,155			316,016
Other Expenses(2)		53,452			61,297			23,029

Operating Income		65,535			35,812			36,860
Income (Loss) from Equity Method Investments		4,852			919			(557	)

Pre-Tax Income from Continuing Operations	$	70,387		$	36,731		$	36,303

Identifiable Segment Assets	$	1,145,218		$	1,043,592		$	898,085

(1)	Net revenues include Other Revenue, net, allocated to the segments as follows:


	For the Years Ended December 31,
	2012			2011			2010
Investment Banking(A)	$	(3,019	)	$	(2,473	)	$	(84	)
Investment Management(B)		(2,636	)		(3,021	)		(552	)

Total Other Revenue, net	$	(5,655	)	$	(5,494	)	$	(636	)

(A)

Investment Banking Other Revenue, net, includes interest expense on the Senior Notes of $4,312, $4,238 and $4,169 for the years ended December 31, 2012, 2011 and 2010, respectively.

(B)

Investment Management Other Revenue, net, includes interest expense on the Senior Notes of $3,643, $3,579 and $3,525 for the years ended December 31, 2012, 2011 and 2010, respectively.

(2)	Other Expenses are as follows:


	For the Years Ended December 31,
	2012		2011		2010
Investment Banking
Amortization of LP Units and Certain Other Awards	$	18,601	$	21,328	$	17,532
Vesting of Event-based Awards		—		8,906		—
Acquisition Related Compensation Charges		28,163		14,618		—
Special Charges		662		3,894		—
Intangible Asset Amortization		3,348		6,845		1,876

Total Investment Banking		50,774		55,591		19,408

Investment Management
Amortization of LP Units and Certain Other Awards		2,350		2,892		3,289
Vesting of Event-based Awards		—		2,483		—
Intangible Asset Amortization		328		331		332

Total Investment Management		2,678		5,706		3,621

Total Other Expenses	$	53,452	$	61,297	$	23,029

Revenues Derived from Clients and Private Equity Funds by Geographical Areas

The Company’s revenues were derived from clients and private equity funds located in the following geographical areas:


	For the Years Ended December 31,
	2012		2011		2010
Net Revenues:(1)
United States	$	452,594	$	387,063	$	290,693
Europe and Other		151,261		112,049		60,605
Latin America		44,173		30,646		25,243

Total	$	648,028	$	529,758	$	376,541

(1)	Excludes Other Revenue and Interest Expense.

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

Condensed Statements Of Financial Condition, Parent Company Only

Evercore Partners Inc. (Parent Company Only) Financial Statements (Tables)

12 Months Ended

Dec. 31, 2012

EVERCORE PARTNERS INC.

(parent company only)

CONDENSED STATEMENTS OF FINANCIAL CONDITION


	December 31,
	2012			2011
ASSETS
Equity Investment in Subsidiary	$	490,856		$	452,027
Deferred Tax Asset		225,741			188,256
Other Assets		—			14,310

TOTAL ASSETS	$	716,597		$	654,593

LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities
Payable to Related Party	$	7,282		$	6,217
Taxes Payable		11,872			—
Amounts Due Pursuant to Tax Receivable Agreement		165,350			137,448
Long-term Debt—Notes Payable		101,375			99,664
Other Liabilities		2,212			3,600

TOTAL LIABILITIES		288,091			246,929
Stockholders’ Equity
Common Stock
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 35,040,501 and 31,014,265 issued at December 31, 2012 and 2011, respectively, and 29,576,986 and 27,941,307 outstanding at December 31, 2012 and 2011, respectively)		350			310
Class B, par value $0.01 per share (1,000,000 shares authorized, 43 and 47 issued and outstanding at December 31, 2012 and 2011, respectively)		—			—
Additional Paid-In-Capital		654,275			575,122
Accumulated Other Comprehensive Income (Loss)		(9,086	)		(12,058	)
Retained Earnings (Deficit)		(77,079	)		(76,703	)
Treasury Stock at Cost (5,463,515 and 3,072,958 shares at December 31, 2012 and 2011, respectively)		(139,954	)		(79,007	)

TOTAL STOCKHOLDERS’ EQUITY		428,506			407,664

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	716,597		$	654,593

Condensed Statements Of Operations, Parent Company Only

EVERCORE PARTNERS INC.

(parent company only)

CONDENSED STATEMENTS OF OPERATIONS


	For the Years Ended December 31,
	2012		2011		2010
REVENUES
Interest Income	$	7,955	$	7,817	$	7,693

TOTAL REVENUES		7,955		7,817		7,693
Interest Expense		7,955		7,817		7,693

NET REVENUES		—		—		—

EXPENSES
TOTAL EXPENSES		—		—		—

OPERATING INCOME		—		—		—

Equity in Income of Subsidiary		53,229		21,083		20,618
Provision for Income Taxes		24,340		14,131		11,664

NET INCOME (LOSS)	$	28,889	$	6,952	$	8,954

Condensed Statements Of Cash Flows, Parent Company Only

EVERCORE PARTNERS INC.

(parent company only)

CONDENSED STATEMENTS OF CASH FLOWS


	For the Years Ended December 31,
	2012			2011			2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)	$	28,889		$	6,952		$	8,954
Undistributed Income of Subsidiary		(53,229	)		(21,083	)		(20,618	)
Accretion on Long-term Debt		1,711			1,582			1,464
(Increase) Decrease in Operating Assets:
Other Assets		14,310			12,105			(1,324	)
Increase (Decrease) in Operating Liabilities:
Payable to Uncombined Affiliates		—			957			—
Taxes Payable		11,872			—			—
Other Liabilities		(3,101	)		(574	)		—

Net Cash Provided by (Used in) Operating Activities		452			(61	)		(11,524	)
CASH FLOWS FROM INVESTING ACTIVITIES
Cash Paid for Acquisitions, net of cash acquired		—			(30,397	)		—
Investment in Subsidiary		24,239			(22,994	)		23,760

Net Cash Provided by (Used in) Investing Activities		24,239			(53,391	)		23,760
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Equity Offering		—			168,140			77,185
Purchase of Evercore LP Units		(395	)		(95,342	)		(76,763	)
Foreign Currency Translation		—			—			(300	)
Dividends		(24,296	)		(19,346	)		(12,358	)

Net Cash (Used in) Provided by Financing Activities		(24,691	)		53,452			(12,236	)

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		—			—			—
CASH AND CASH EQUIVALENTS—Beginning of Year		—			—			—

CASH AND CASH EQUIVALENTS—End of Year	$	—		$	—		$	—

Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Aug. 21, 2008
Significant Of Accounting Policies [Line Items]
Lp Units Convertible Conversion Ratio	1
Net Income Attributable to Noncontrolling Interest		$ (2,510)	$ (1,804)	$ (1,693)
Principal amount of senior unsecured notes	$ 120,000				$ 120,000
Largest amount of tax benefit, percent	50.00%
Minimum
Significant Of Accounting Policies [Line Items]
Estimated useful lives of the assets, years	3 years
Fair value of awards vesting period, years	1 year
Maximum
Significant Of Accounting Policies [Line Items]
Estimated useful lives of the assets, years	7 years
Fair value of awards vesting period, years	5 years

This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items, which is apportioned to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This item includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.

Business Changes and Developments - Additional Information (Detail) $ / shares in Units, £ in Thousands, shares in Thousands, $ in Thousands	1 Months Ended		3 Months Ended	12 Months Ended
	Dec. 31, 2012 USD ($) $ / shares	Aug. 19, 2011 USD ($) $ / shares shares	Sep. 30, 2011 USD ($)	Dec. 31, 2012 USD ($) $ / shares	Dec. 31, 2011 USD ($) $ / shares shares	Dec. 31, 2011 GBP (£) shares	Dec. 31, 2010 USD ($)	Dec. 31, 2011 GBP (£)	Dec. 29, 2011 USD ($) Person	Aug. 19, 2011 GBP (£)
Business Acquisition [Line Items]
Period of deferral of issue of class of restricted shares, years					4 years	4 years
Amortization expense of client related intangible assets recognized				$ 10,872	$ 14,315		$ 7,541
Number of governing management committee members \| Person									5
Pretax income or losses					$ (4,198)		(2,618)
Class A
Business Acquisition [Line Items]
Approximate number of shares of common stock receivable by sellers of acquiree entity \| shares		28
Common Stock, par value \| $ / shares	$ 0.01	$ 0.01		$ 0.01	$ 0.01
Deferred Payments
Business Acquisition [Line Items]
Approximate amount to be received by sellers of acquiree entity					$ 14,733			£ 8,925
Deferred Payments \| Class A
Business Acquisition [Line Items]
Shares of common stock to be issued for purchase consideration \| shares					1,883	1,883
Lexicon Partnership LLP
Business Acquisition [Line Items]
Cash received by sellers for consideration		$ 52,160			$ 9,274			£ 5,619		£ 31,598
Value of equity interest paid to sellers for consideration		636
Approximate amount to be received by sellers of acquiree entity		76,167								£ 46,142
Funded repayment of outstanding capital notes					8,318	£ 5,039
Business acquisition purchase price allocation, goodwill		44,286
Business acquisition purchase price allocation, intangible assets		7,164
Gross fair value of accounts receivable		$ 7,821
Amortization expense of client related intangible assets recognized					5,075
Revenue related to acquiree from the period of acquisition					41,637
Operating expenses related to acquiree from the period of acquisition					32,073
Income resulting out of acquisition from the period of acquisition					9,564
Other expenses incurred related to acquisition					23,587
Compensation charges					14,618
Acquisition related special charges included in other expenses related to acquisition					3,894
Lexicon Partnership LLP \| Class A
Business Acquisition [Line Items]
Approximate number of shares of common stock receivable by sellers of acquiree entity \| shares		1,911
Lexicon Partnership LLP \| Client Related Intangible Assets
Business Acquisition [Line Items]
Business acquisition purchase price allocation, intangible assets					$ 7,164
Amortization period of intangible assets					6 months	6 months
Amortization expense of client related intangible assets recognized				$ 2,089	$ 5,075
ABS
Business Acquisition [Line Items]
Cash received by sellers for consideration									$ 45,104
Percentage of non-controlling interest ownership	45.00%			45.00%					45.00%
Remaining interest									55.00%
Number of governing management committee members \| Person									3
Parent Company
Business Acquisition [Line Items]
Number of governing management committee members \| Person									2
Parent Company \| Class A
Business Acquisition [Line Items]
Common Stock, par value \| $ / shares	$ 0.01			$ 0.01	$ 0.01
EAM
Business Acquisition [Line Items]
Charge in the investment management segment related to the write-off of client-based intangible assets			$ 975
Pretax income or losses					$ (4,198)		$ (2,618)
Mt Eden Investment Advisors Llc
Business Acquisition [Line Items]
Cash received by sellers for consideration	$ 6,917			$ 6,917
Approximate amount to be received by sellers of acquiree entity	282			282
Funded repayment of outstanding capital notes	1,047
Business acquisition purchase price allocation, goodwill	$ 6,500			6,500
Mt Eden Investment Advisors Llc \| Minimum
Business Acquisition [Line Items]
Amortization period of intangible assets	2 years
Mt Eden Investment Advisors Llc \| Maximum
Business Acquisition [Line Items]
Amortization period of intangible assets	10 years
Mt Eden Investment Advisors Llc \| Noncontrolling Interest
Business Acquisition [Line Items]
Value of equity interest paid to sellers for consideration	$ 2,694			2,694
Mt Eden Investment Advisors Llc \| Client Related Intangible Assets
Business Acquisition [Line Items]
Business acquisition purchase price allocation, intangible assets	3,630			3,630
Mt Eden Investment Advisors Llc \| Non-compete agreements
Business Acquisition [Line Items]
Business acquisition purchase price allocation, intangible assets	169			169
Mt Eden Investment Advisors Llc \| Other Intangible Assets
Business Acquisition [Line Items]
Business acquisition purchase price allocation, intangible assets	$ 445			$ 445

Purchase Price Allocation (Detail) - Lexicon Partnership LLP £ in Thousands, $ in Thousands	Dec. 31, 2011 USD ($)	Dec. 31, 2011 GBP (£)	Aug. 19, 2011 USD ($)	Aug. 19, 2011 GBP (£)
Purchase Price:
Cash Paid	$ 9,274	£ 5,619	$ 52,160	£ 31,598
Fair Value of Shares Issued			636
Fair Value of Deferred Cash Consideration			9,274
Total Fair Value of Purchase Price			62,070
Fair Value of Assets Acquired and Liabilities Assumed:
Cash and Cash Equivalents			21,812
Accounts Receivable			7,821
Prepaid Expenses			9,504
Fixed Assets			429
Other Assets			964
Intangible Assets			7,164
Current Liabilities			(21,592)
Long-term Debt			(8,318)
Identifiable Net Assets			17,784
Goodwill Resulting from Business Combination			$ 44,286

Operating Results on Pro Forma Basis (Detail) - Lexicon Partnership LLP - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Business Acquisition [Line Items]
Net Revenues	$ 575,344	$ 446,174
Pre-tax Income	31,325	18,650
Net Income from Continuing Operations Attributable to Evercore Partners Inc.	$ 4,635	$ 2,504
Diluted Net Income Per Share from Continuing Operations Available to Evercore Partners Inc.	$ 0.15	$ 0.10

The pro forma diluted net income per share for a period as if the business combination or combinations had been completed at the beginning of a period.

Goodwill Associated with Acquisitions (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 177,849	$ 139,031
Acquisitions	6,500	44,366
Foreign Currency Translation and Other	4,335	(5,548)
Goodwill, Ending Balance	188,684	177,849
Investment Banking
Goodwill [Line Items]
Goodwill, Beginning Balance	81,937	43,199
Acquisitions		44,286
Foreign Currency Translation and Other	4,415	(5,548)
Goodwill, Ending Balance	86,352	81,937
Investment Management
Goodwill [Line Items]
Goodwill, Beginning Balance	95,912	95,832
Acquisitions	6,500	80
Foreign Currency Translation and Other	(80)
Goodwill, Ending Balance	$ 102,332	$ 95,912

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Paragraph 1
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 72
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Clause 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Intangible Assets Associated with Acquisitions (Detail) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Carrying Amount	$ 55,399	$ 66,610
Intangible assets, Accumulated Amortization	20,002	25,701
Client Related
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Carrying Amount	49,260	61,085
Intangible assets, Accumulated Amortization	17,381	24,071
Acquired Mandates
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Carrying Amount	1,810	1,810
Intangible assets, Accumulated Amortization	1,324	836
Non-Compete/Non-Solicit Agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Carrying Amount	2,084	1,915
Intangible assets, Accumulated Amortization	987	604
Other
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Carrying Amount	2,245	1,800
Intangible assets, Accumulated Amortization	310	190
Investment Banking
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Carrying Amount	4,245	19,780
Intangible assets, Accumulated Amortization	2,360	14,750
Investment Banking \| Client Related
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Carrying Amount	2,300	17,835
Intangible assets, Accumulated Amortization	969	13,874
Investment Banking \| Acquired Mandates
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Carrying Amount	1,810	1,810
Intangible assets, Accumulated Amortization	1,324	836
Investment Banking \| Non-Compete/Non-Solicit Agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Carrying Amount	135	135
Intangible assets, Accumulated Amortization	67	40
Investment Management
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Carrying Amount	51,154	46,830
Intangible assets, Accumulated Amortization	17,642	10,951
Investment Management \| Client Related
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Carrying Amount	46,960	43,250
Intangible assets, Accumulated Amortization	16,412	10,197
Investment Management \| Non-Compete/Non-Solicit Agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Carrying Amount	1,949	1,780
Intangible assets, Accumulated Amortization	920	564
Investment Management \| Other
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Carrying Amount	2,245	1,800
Intangible assets, Accumulated Amortization	$ 310	$ 190

Annual Amortization of Intangibles for Next Five Years (Detail) $ in Thousands	Dec. 31, 2012 USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
2013	$ 7,962
2014	5,668
2015	4,008
2016	3,627
2017	$ 3,237

Special Charges and Acquisition and Transition Costs - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Business Acquisition [Line Items]
Special Charges	$ 662	$ 3,894
Acquisition and transition costs	$ 840	3,465	$ 3,399
Lexicon Partnership LLP
Business Acquisition [Line Items]
Special charges incurred in connection with exiting of a lease commitment for office space		731
Business combination acquisition related introduction fee		1,895
Other Professional Fees		1,268
Acquisition and transition costs		$ 2,118

Related Parties - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Related Party Transaction [Line Items]
Payment for expenses on behalf of the private equity funds	$ 1,098	$ 1,833	$ 1,301
Revenue from related parties	4,781	6,696	8,346
Advisory fees earned from clients	568,238	430,597	$ 301,931
Employee compensation arrangement	1,546
Related Party
Related Party Transaction [Line Items]
Advisory fees earned from clients	$ 2,000	$ 1,250

Aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due after one year (or one business cycle).

Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates.

Receivable From Employees and Related Parties (Detail) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Related Party Transaction [Line Items]
Advances to Employees	$ 3,624	$ 4,830
Personal Expenses Paid on Behalf of Employees and Related Parties	213	49
Receivable from Affiliates	390	689
Reimbursable Expenses Due From Portfolio Companies of the Company's Private Equity Funds	409	636
Reimbursable Expenses Relating to the Private Equity Funds	530	1,589
Receivable from Employees and Related Parties	$ 5,166	$ 7,793

For an unclassified balance sheet, amount of receivables due from an entity that is affiliated with the reporting entity by means of direct or indirect ownership.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 1
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph k
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
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-Paragraph 16, 17
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 57
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

For an unclassified balance sheet, amounts due from an Entity employee, not to include stockholders or officers.

For an unclassified balance sheet, amounts due from related parties including affiliates, employees, joint ventures, officers and stockholders, immediate families thereof, and pension funds.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Lexicon Deferred Consideration Payable

Payable to Employees and Related Parties (Detail) - USD ($)
$ in Thousands

Dec. 31, 2012

Dec. 31, 2011

Board of Director Fees

$ 266

$ 235

358

Amounts Due to Former Members of Lexicon

5,424

5,844

Amounts Due Pursuant to Tax Receivable Agreements

^[1]

7,274

6,210

Payable to Employees and Related Parties

$ 12,964

$ 12,647

[1]	Relates to the current portion of the Member exchange of LP Units for Class A Shares. The long-term portion of $165,350 and $137,448 is disclosed in Amounts Due Pursuant to Tax Receivable Agreements on the Consolidated Statements of Financial Condition at December 31, 2012 and 2011, respectively.

Amount for accounts payable to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

The aggregate obligations owed to related parties other than affiliates, officers or stockholders (for example, owner's immediate families or employee pension trusts) at the financial statement date. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Payable to Employees and Related Parties (Parenthetical) (Detail) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Related Party Transaction [Line Items]
Amounts Due Pursuant to Tax Receivable Agreements	$ 165,350	$ 137,448

Amortized Cost and Estimated Fair Value of Marketable Securities (Detail) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Schedule of Available-for-sale Securities [Line Items]
Available-for-Sale, Cost	$ 34,640	$ 80,390
Available-for-Sale, Gross Unrealized Gains	1,937	1,530
Available-for-Sale, Gross Unrealized Losses	32	632
Available-for-Sale, Fair Value	36,545	81,288
Debt Securities Carried by EGL
Schedule of Available-for-sale Securities [Line Items]
Available-for-Sale, Cost	13,522	47,583
Available-for-Sale, Gross Unrealized Gains	97	518
Available-for-Sale, Fair Value	13,619	48,101
Mutual Funds
Schedule of Available-for-sale Securities [Line Items]
Available-for-Sale, Cost	10,946	9,350
Available-for-Sale, Gross Unrealized Gains	412	191
Available-for-Sale, Gross Unrealized Losses	12	603
Available-for-Sale, Fair Value	11,346	8,938
Available-for-Sale
Schedule of Available-for-sale Securities [Line Items]
Available-for-Sale, Cost	10,172	23,457
Available-for-Sale, Gross Unrealized Gains	1,428	821
Available-for-Sale, Gross Unrealized Losses	20	29
Available-for-Sale, Fair Value	11,580	24,249
Available-for-Sale \| Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Available-for-Sale, Cost		1,008
Available-for-Sale, Gross Unrealized Losses		2
Available-for-Sale, Fair Value		1,006
Available-for-Sale \| Municipal Bonds
Schedule of Available-for-sale Securities [Line Items]
Available-for-Sale, Cost		9,544
Available-for-Sale, Gross Unrealized Gains		9
Available-for-Sale, Fair Value		9,553
Available-for-Sale \| Other Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Available-for-Sale, Cost		2,000
Available-for-Sale, Fair Value		2,000
Available-for-Sale \| Seed Capital Investments
Schedule of Available-for-sale Securities [Line Items]
Available-for-Sale, Cost	10,172	10,905
Available-for-Sale, Gross Unrealized Gains	1,428	812
Available-for-Sale, Gross Unrealized Losses	20	27
Available-for-Sale, Fair Value	$ 11,580	$ 11,690

Scheduled Maturities of Available-for-Sale Debt Securities (Detail) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Schedule of Available-for-sale Securities [Line Items]
Due within one year, amortized cost	$ 658	$ 8,699
Due after one year through five years, amortized cost	1,415	3,853
Due after five years through 10 years, amortized cost	347
Total, amortized cost	2,420	12,552
Due within one year, fair value	659	8,703
Due after one year through five years, fair value	1,437	3,856
Due after five years through 10 years, fair value	346
Total, fair value	$ 2,442	$ 12,559

Amount of debt securities categorized neither as held-to-maturity nor trading.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Marketable Securities - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Debt Securities
Schedule Of Marketable Securities [Line Items]
Realized gains	$ 2	$ 86	$ 3,450
Seed Capital Investments
Schedule Of Marketable Securities [Line Items]
Realized gains	(85)	936	1,653
Debt Securities Carried by EGL
Schedule Of Marketable Securities [Line Items]
Marketable securities, gain (loss)	(674)	(460)	$ 481
Mutual Funds
Schedule Of Marketable Securities [Line Items]
Marketable securities, gain (loss)	$ 1,025	$ (412)

This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any losses recognized for other than temporary impairments (OTTI) of the subject investments in debt and equity securities.

Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2012
Securities average estimated maturity period	2 years 8 months 12 days

Summary of Assets, Liabilities and Collateral Received or Pledged (Detail) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial Instruments Owned and Pledged as Collateral at Fair Value	$ 120,594	$ 127,178
Securities Purchased Under Agreements to Resell		2,146
Securities Sold Under Agreements to Repurchase	(120,787)	(129,577)
Asset (Liability) Balance
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial Instruments Owned and Pledged as Collateral at Fair Value	120,594	127,178
Securities Purchased Under Agreements to Resell		2,146
Total Assets	120,594	129,324
Securities Sold Under Agreements to Repurchase	(120,787)	(129,577)
Market Value Of Collateral Received Or (Pledged)
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities Purchased Under Agreements to Resell		2,143
Securities Sold Under Agreements to Repurchase	$ (121,029)	$ (129,809)

The carrying value of funds outstanding loaned in the form of security resale agreements if the agreement requires the purchaser to resell the identical security purchased or a security that meets the definition of "substantially the same." Also includes purchases of participations in pools of securities that are subject to a resale agreement.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.3)
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=7472769&loc=d3e9760-107771

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(m)(2)(i))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph m
-Subparagraph 1(i)
-Article 4

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph m
-Subparagraph 2
-Article 4

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 140
-Paragraph 100
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 41
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Article 9

The carrying value as of the balance sheet date of securities that an institution sells and agrees to repurchase (the identical or substantially the same securities) as a seller-borrower at a specified date for a specified price, also known as a repurchase agreement, or repo. Most repos involve obligations of the federal government or its agencies, but other financial instruments, such as commercial paper, banker's acceptances, and negotiable certificates of deposit, are sometimes used in repos.

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Investments - Additional Information (Detail) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2012 USD ($)	Sep. 30, 2012 USD ($)	Jun. 30, 2012 USD ($)	Mar. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Sep. 30, 2011 USD ($)	Jun. 30, 2011 USD ($)	Mar. 31, 2011 USD ($)	Dec. 31, 2012 USD ($) Seat	Dec. 31, 2011 USD ($)	Dec. 31, 2010 USD ($)	Dec. 29, 2011	Dec. 31, 2009 USD ($)	Dec. 31, 2008 USD ($)
Schedule of Investments [Line Items]
Net realized and unrealized gains on private equity fund investments, including performance fees									$ (206)	$ 6,200	$ 2,148
Previously received carried interest subject to repayment	$ 2,701								2,701
Income (Loss) from Equity Method Investments	1,333	$ 415	$ 719	$ 2,385	$ 255	$ 195	$ 69	$ 400	4,852	919	(557)
Equity method investment	69,320				68,230				69,320	68,230
Amortization of intangible assets									$ 2,696	944	236
Other Expense
Schedule of Investments [Line Items]
Cost basis investment					1,250					1,250
ECP II \| Minimum
Schedule of Investments [Line Items]
Carried interest earned by the general partner, percent									8.00%
ECP II \| Maximum
Schedule of Investments [Line Items]
Carried interest earned by the general partner, percent									9.00%
CSI Capital
Schedule of Investments [Line Items]
Investment											3,164
EMCP III
Schedule of Investments [Line Items]
Subscribed capital commitments	96,500								$ 96,500
Capital commitment	3,600								3,600
Trilantic
Schedule of Investments [Line Items]
Capital commitment	5,000								5,000
Investment	$ 14,999				15,549				14,999	15,549
G5
Schedule of Investments [Line Items]
Income (Loss) from Equity Method Investments									$ 1,368	1,340	64
Equity method investment, percent	49.00%								49.00%
Equity method investment	$ 19,720				20,595				$ 19,720	20,595
ABS
Schedule of Investments [Line Items]
Income (Loss) from Equity Method Investments									$ 3,394
Equity method investment, percent	45.00%								45.00%			45.00%
Equity method investment	$ 46,851				45,104				$ 46,851	45,104
Pan
Schedule of Investments [Line Items]
Income (Loss) from Equity Method Investments									$ 90	(420)	$ (621)
Equity method investment, percent	50.00%								50.00%
Equity method investment	$ 2,749				$ 2,531				$ 2,749	$ 2,531				$ 4,158
Carrying value of notes receivable	$ 1,122								$ 1,122
Number of seats holds in board \| Seat									2
Total number of board seats \| Seat									4
Pan \| MaturityPeriodOneMember
Schedule of Investments [Line Items]
Notes due date									2016
Pan \| MaturityPeriodTwoMember
Schedule of Investments [Line Items]
Notes due date									2017
CSIP
Schedule of Investments [Line Items]
Cost basis investment													$ 1,250
Cost basis investments exchange noncontrolling interest, percent													5.00%

Summary of Investment in Private Equity Funds (Detail) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Schedule of Equity Method Investments [Line Items]
Total Private Equity Funds	$ 69,320	$ 68,230
Private Equity Funds
Schedule of Equity Method Investments [Line Items]
Total Private Equity Funds	26,578	25,151
ECP II \| Private Equity Funds
Schedule of Equity Method Investments [Line Items]
Total Private Equity Funds	3,793	5,037
Discovery Fund \| Private Equity Funds
Schedule of Equity Method Investments [Line Items]
Total Private Equity Funds	3,060	2,393
EMCP II \| Private Equity Funds
Schedule of Equity Method Investments [Line Items]
Total Private Equity Funds	10,400	9,674
EMCP III \| Private Equity Funds
Schedule of Equity Method Investments [Line Items]
Total Private Equity Funds	1,696
CSI Capital \| Private Equity Funds
Schedule of Equity Method Investments [Line Items]
Total Private Equity Funds	3,056	3,496
Trilantic IV \| Private Equity Funds
Schedule of Equity Method Investments [Line Items]
Total Private Equity Funds	$ 4,573	$ 4,551

Summary of Other Equity Investments (Detail) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2008
Schedule of Equity Method Investments [Line Items]
Other Equity Investments	$ 69,320	$ 68,230
G5
Schedule of Equity Method Investments [Line Items]
Other Equity Investments	19,720	20,595
ABS
Schedule of Equity Method Investments [Line Items]
Other Equity Investments	46,851	45,104
Pan
Schedule of Equity Method Investments [Line Items]
Other Equity Investments	$ 2,749	$ 2,531	$ 4,158

Categorization of Investments and Certain Other Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($)
$ in Thousands

Dec. 31, 2012

Dec. 31, 2011

Corporate Bonds, Municipal Bonds and Other Debt Securities

$ 182,002

$ 254,757

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

^[1]

38,482

106,951

Seed Capital Investments

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

11,580

11,690

Mutual Funds

Financial Instruments Owned and Pledged as Collateral at Fair Value

11,346

8,938

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

120,594

127,178

Level 1

Level 1 | Seed Capital Investments

141,078

145,266

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

9,138

9,150

Level 1 | Mutual Funds

Level 1 | Financial Instruments Owned and Pledged as Collateral at Fair Value

11,346

8,938

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

120,594

127,178

Level 2

Level 2 | Corporate Bonds, Municipal Bonds and Other Debt Securities

40,924

109,491

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Level 2 | Seed Capital Investments

^[1]

38,482

106,951

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

$ 2,442

$ 2,540

[1]	Includes $24,863 and $46,291 of municipal bonds and commercial paper classified within Cash and Cash Equivalents on the Consolidated Statements of Financial Condition as of December 31, 2012 and 2011, respectively.

Categorization of Investments and Certain Other Assets and Liabilities Measured at Fair Value on Recurring Basis (Parenthetical) (Detail) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents	$ 234,568	$ 136,614
Municipal Bonds And Commercial Paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents	$ 24,863	$ 46,291

This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Company may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months.

Carrying Amount and Estimated Fair Value of Financial Instrument Assets and Liabilities which are Not Measured at Fair Value (Detail) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents	$ 234,568	$ 136,614
Securities Purchased Under Agreements to Resell		2,146
Accounts Receivable	89,098	52,060
Receivable from Employees and Related Parties	5,166	7,793
Assets Segregated for Bank Regulatory Requirements	10,200	10,200
Accounts Payable and Accrued Expenses	17,909	17,849
Securities Sold Under Agreements to Repurchase	120,787	129,577
Payable to Employees and Related Parties	12,964	12,647
Notes Payable	136,860	122,279
Carrying (Reported) Amount, Fair Value Disclosure
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents	234,568	136,614
Securities Purchased Under Agreements to Resell		2,146
Accounts Receivable	89,098	52,060
Receivable from Employees and Related Parties	5,166	7,793
Assets Segregated for Bank Regulatory Requirements	10,200	10,200
Accounts Payable and Accrued Expenses	17,909	17,849
Securities Sold Under Agreements to Repurchase	120,787	129,577
Payable to Employees and Related Parties	12,964	12,647
Notes Payable	101,375	99,664
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents	234,568	136,614
Assets Segregated for Bank Regulatory Requirements	10,200	10,200
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities Purchased Under Agreements to Resell		2,146
Accounts Receivable	89,098	52,060
Receivable from Employees and Related Parties	5,166	7,793
Accounts Payable and Accrued Expenses	17,909	17,849
Securities Sold Under Agreements to Repurchase	120,787	129,577
Payable to Employees and Related Parties	12,964	12,647
Notes Payable	$ 136,860	$ 122,279

Furniture, Equipment and Leasehold Improvements (Detail) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Property, Plant and Equipment [Line Items]
Furniture and Office Equipment	$ 8,891	$ 7,137
Leasehold Improvements	30,884	19,890
Computer and Computer-related Equipment	9,882	7,900
Total	49,657	34,927
Less: Accumulated Depreciation and Amortization	(19,880)	(13,490)
Furniture, Equipment and Leasehold Improvements, Net	$ 29,777	$ 21,437

The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement.

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Furniture, Equipment and Leasehold Improvements - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 5,962	$ 3,431	$ 2,380

Issuance of Notes Payable and Warrants - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	1 Months Ended	12 Months Ended
	Aug. 21, 2008	Dec. 31, 2012
Issuance Of Notes Payable And Warrants [Line Items]
Principal amount of Senior Notes	$ 120,000	$ 120,000
Principal amount of Senior Notes due, year	2020
Senior Notes coupon interest	5.20%
Senior Notes effective yield		7.94%
Maximum percent of aggregate principal amount of Senior Notes owned by holder or group of affiliates for transfer		15.00%
Maximum percent of voting securities and total shares of class A common stock owned by holder or group of affiliates for warrant transfer		2.00%
Class A \| Maximum
Issuance Of Notes Payable And Warrants [Line Items]
Percent of outstanding shares of common stock owned by holder or group of affiliates for warrant transfer		25.00%
Senior Notes
Issuance Of Notes Payable And Warrants [Line Items]
Event of default under the indenture Accreted Amount due and payable, percentage		33.33%
Warrant \| Class A
Issuance Of Notes Payable And Warrants [Line Items]
Number of Class A Shares purchased, warrants	5,455
Class A Shares purchase price per share	$ 22.00

Future Payments Required on Senior Notes Including Principal and Interest (Detail) - Senior Notes $ in Thousands	Dec. 31, 2012 USD ($)
Issuance Of Notes Payable And Warrants [Line Items]
2013	$ 6,240
2014	6,240
2015	6,240
2016	6,240
2017	6,240
Thereafter	138,720
Total	$ 169,920

Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Evercore Europe Defined Contribution Benefit Plan
Defined Benefit Plan Disclosure [Line Items]
Company contributions to Plan	$ 3,360	$ 2,094	$ 1,496
Defined Contribution Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Company contributions to Plan	$ 0	$ 0	$ 0
Minimum
Defined Benefit Plan Disclosure [Line Items]
Define contribution plans annual contribution percentage by employee	15.00%
Define contribution plans additional contribution percentage by employee	7.50%
Defined contribution plans employee contribution percentage of eligible compensation matched by employer	5.00%
Maximum
Defined Benefit Plan Disclosure [Line Items]
Define contribution plans annual contribution percentage by employee	50.00%
Define contribution plans additional contribution percentage by employee	10.00%
Defined contribution plans employee contribution percentage of eligible compensation matched by employer	10.00%

Evercore Partners Inc. Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended								12 Months Ended
	Aug. 19, 2011	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Temporary Equity [Line Items]
Increase in common stock										$ 21	$ 4
Increase (Decrease) to Additional Paid-In-Capital										15,022	$ 2,545
Payment to the LP Unit holders of the cash tax savings, percent											85.00%
Retained percent of tax benefits											15.00%
Deferred Tax Assets-Non-Current		$ 229,449				$ 186,689				229,449	$ 186,689
Accumulated Unrealized Gain (Loss) on Marketable Securities, net		(1,353)								(1,353)
Accumulated foreign Currency Translation Adjustment Gain (Loss), net		(7,733)								(7,733)
Amounts Due Pursuant to Tax Receivable Agreements		$ 165,350				$ 137,448				$ 165,350	$ 137,448
Dividends Declared Per Share of Class A Common Stock		$ 0.22	$ 0.20	$ 0.20	$ 0.20	$ 0.20	$ 0.18	$ 0.18	$ 0.18	$ 0.82	$ 0.74	$ 0.63
Dividend declared date										Jan. 29, 2013
Dividend record date										Feb. 22, 2013
Dividend payment date										Mar. 08, 2013
Declared and paid dividends per share										$ 0.82	$ 0.74
Declared and paid dividends										$ 24,296	$ 19,346
Shares purchased for the net settlement of stock-based compensation awards										726,000	1,587,000
Increase in Treasury Stock										$ 66,588	$ 45,105
Decrease in treasury stock										$ 5,641	$ 636
Unit gifted by employees										2,108,000	423,000
Additional unit gifted by employees										983,000
Additional unit exchange settlement period										2013-01
Minimum
Temporary Equity [Line Items]
Treasury stock acquired, market value per share										$ 21.71	$ 15.76
Maximum
Temporary Equity [Line Items]
Treasury stock acquired, market value per share										$ 29.62	$ 36.41
Share Repurchase Program
Temporary Equity [Line Items]
Number of shares repurchased										1,884,000
Share Repurchase Program \| Minimum
Temporary Equity [Line Items]
Treasury stock acquired, market value per share										$ 22.58
Share Repurchase Program \| Maximum
Temporary Equity [Line Items]
Treasury stock acquired, market value per share										$ 26.62
Exchange of LP Units
Temporary Equity [Line Items]
Common Stock, shares issued		3,091,000								3,091,000
Increase (Decrease) to Additional Paid-In-Capital										$ 5,846	$ 0
Deferred Tax Assets-Non-Current		$ 38,974				$ 0				38,974	0
Amounts Due Pursuant to Tax Receivable Agreements		$ 33,128				$ 0				$ 33,128	$ 0
Offering
Temporary Equity [Line Items]
Common Stock, shares issued						5,365,000					5,365,000
Increase in common stock											$ 54
Increase (Decrease) to Additional Paid-In-Capital											167,880
Deferred Tax Assets-Non-Current						$ 47,481					47,481
Amounts Due Pursuant to Tax Receivable Agreements						$ 40,360					40,360
Purchase of LP Units
Temporary Equity [Line Items]
Increase (Decrease) to Additional Paid-In-Capital											(84,195)
Increase in Tax Basis of Evercore LP
Temporary Equity [Line Items]
Increase (Decrease) to Additional Paid-In-Capital											$ 7,122
Class A
Temporary Equity [Line Items]
Common Stock, shares issued		35,040,501				31,014,265				35,040,501	31,014,265
Shares issued in conjunction with acquisition	28,000
Class A \| Morse Williams
Temporary Equity [Line Items]
Shares issued in conjunction with acquisition										39,000
Class A \| MJC Associates Agreement
Temporary Equity [Line Items]
Shares issued in conjunction with acquisition										65,000
Class A \| Lexicon Partnership LLP
Temporary Equity [Line Items]
Shares issued in conjunction with acquisition										116,000	28,000
Evercore LP \| Exchange of LP Units
Temporary Equity [Line Items]
Increase (Decrease) to Additional Paid-In-Capital										$ 1,477	$ 7,264
Deferred Tax Assets-Non-Current		$ 1,477				$ 7,264				$ 1,477	$ 7,264

Noncontrolling Interest - Additional Information (Detail) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Feb. 28, 2010	Feb. 11, 2010
Noncontrolling Interest [Line Items]
Net income (Loss) attributable to noncontrolling interest discontinued operation		$ (2,510)	$ (1,804)	$ (1,693)
Issued LP Units					500
Cash value of redemption of LP Units Issues	$ 16,500
Fair value of limited partners units exchanged	49,727	22,267
Redemption value accretion	$ 84	84
Evercore LP
Noncontrolling Interest [Line Items]
Noncontrolling Interest	20.00%
ECB
Noncontrolling Interest [Line Items]
Noncontrolling Interest	28.00%
EWM
Noncontrolling Interest [Line Items]
Noncontrolling Interest	49.00%
Fair value of limited partners units exchanged	$ 29,399	720
AS
Noncontrolling Interest [Line Items]
Noncontrolling Interest	34.00%
Fair value of limited partners units exchanged	$ 3,997	$ 5,300
Institutional Equities
Noncontrolling Interest [Line Items]
Noncontrolling Interest	38.00%
Evercore Trust Company NA
Noncontrolling Interest [Line Items]
Noncontrolling Interest	14.00%
Trilantic
Noncontrolling Interest [Line Items]
Issued LP Units						500
Fair value of limited partners units exchanged	$ 16,090

Changes In Noncontrolling Interest (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Noncontrolling Interest [Line Items]
Beginning balance				$ 58,162					$ 58,162
Operating income	$ (5,963)	$ (2,172)	$ (4,207)	1,752	$ 2,682	$ 466	$ (2,998)	$ (3,729)	(10,590)	$ (3,579)	$ (8,851)
Total comprehensive income									(11,859)	(1,361)	(8,097)
Ending balance	62,243				58,162				62,243	58,162
Noncontrolling Interest
Noncontrolling Interest [Line Items]
Beginning balance				$ 58,162				$ 66,542	58,162	66,542	29,361
Operating income									10,590	3,579	8,851
Other comprehensive income (loss)									1,269	(2,218)	(754)
Total comprehensive income									11,859	1,361	8,097
Evercore LP Units Purchased or Converted into Class A Common Stock									(9,867)	(12,268)	(9,834)
Amortization and Vesting of LP Units									21,697	21,057	20,059
Distributions to Noncontrolling Interests									(16,528)	(19,087)	(19,513)
Issuance of noncontrolling interest									469	917	4,381
Other									(3,549)	(360)	852
Total other items									(7,778)	(9,741)	29,084
Ending balance	$ 62,243				$ 58,162				$ 62,243	$ 58,162	66,542
Noncontrolling Interest \| AS
Noncontrolling Interest [Line Items]
Fair value of noncontrolling interest in AS											$ 33,139

Calculations of Basic and Diluted Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Associated accretion of redemption price of noncontrolling interest in Trilantic (See Note 15)

$ (84)

Net income from continuing operations attributable to Evercore Partners Inc. common shareholders

28,805

7,834

$ 9,397

Net income (loss) from discontinued operations attributable to Evercore Partners Inc. common shareholders

$ (1,504)

$ (1,200)

$ (361)

$ (411)

(966)

(517)

Net income attributable to Evercore Partners Inc. common shareholders

$ 28,805

$ 6,868

$ 8,880

Weighted average shares of Class A common stock outstanding, including vested restricted stock units ("RSUs")

29,275

26,019

19,655

Basic net income per share from continuing operations attributable to Evercore Partners Inc. common shareholders

$ 0.64

$ 0.18

$ 0.27

$ (0.12)

$ 0.06

$ 0.09

$ 0.16

$ 0.98

$ 0.30

$ 0.47

Basic net income (loss) per share from discontinued operations attributable to Evercore Partners Inc. common shareholders

$ (0.02)

(0.04)

(0.02)

Basic net income per share attributable to Evercore Partners Inc. common shareholders

0.64

0.18

0.27

(0.12)

(0.02)

0.06

0.09

0.16

$ 0.98

$ 0.26

$ 0.45

Assumed exchange of LP Units for Class A common shares

^[1]

Diluted weighted average shares of Class A common stock outstanding

32,548

29,397

22,968

Diluted net income per share from continuing operations attributable to Evercore Partners Inc. common shareholders

0.56

0.17

0.25

(0.12)

0.06

0.08

0.14

$ 0.89

$ 0.27

$ 0.41

Diluted net income (loss) per share from discontinued operations attributable to Evercore Partners Inc. common shareholders

(0.02)

(0.04)

(0.02)

Diluted net income per share attributable to Evercore Partners Inc. common shareholders

$ 0.56

$ 0.17

$ 0.25

$ (0.12)

$ (0.02)

$ 0.06

$ 0.08

$ 0.14

$ 0.89

$ 0.23

$ 0.39

Earnings Per Share, Basic

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Net income from continuing operations attributable to Evercore Partners Inc.

$ 28,889

$ 7,918

$ 9,471

Associated accretion of redemption price of noncontrolling interest in Trilantic (See Note 15)

(84)

(74)

Net income from continuing operations attributable to Evercore Partners Inc. common shareholders

28,805

7,834

9,397

Net income (loss) from discontinued operations attributable to Evercore Partners Inc. common shareholders

(966)

(517)

Net income attributable to Evercore Partners Inc. common shareholders

$ 28,805

$ 6,868

$ 8,880

Weighted average shares of Class A common stock outstanding, including vested restricted stock units ("RSUs")

29,275

26,019

19,655

Basic net income per share from continuing operations attributable to Evercore Partners Inc. common shareholders

$ 0.98

$ 0.30

$ 0.47

Basic net income (loss) per share from discontinued operations attributable to Evercore Partners Inc. common shareholders

(0.04)

(0.02)

Basic net income per share attributable to Evercore Partners Inc. common shareholders

$ 0.98

$ 0.26

$ 0.45

Earnings Per Share, Diluted

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Net income (loss) from discontinued operations attributable to Evercore Partners Inc. common shareholders

$ (966)

$ (517)

Net income attributable to Evercore Partners Inc. common shareholders

$ 28,805

7,834

9,397

Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above

^[1]

Diluted net income from continuing operations attributable to Class A common shareholders

28,805

7,834

9,397

Diluted net income attributable to Class A common shareholders

$ 28,805

$ 6,868

$ 8,880

Weighted average shares of Class A common stock outstanding, including vested restricted stock units ("RSUs")

29,275

26,019

19,655

Additional shares of the Company's common stock assumed to be issued pursuant to non-vested RSUs and deferred consideration, as calculated using the Treasury Stock Method

2,386

1,903

1,892

Assumed conversion of Warrants issued

887

1,475

1,421

Diluted weighted average shares of Class A common stock outstanding

32,548

29,397

22,968

Diluted net income per share from continuing operations attributable to Evercore Partners Inc. common shareholders

$ 0.89

$ 0.27

$ 0.41

Diluted net income (loss) per share from discontinued operations attributable to Evercore Partners Inc. common shareholders

(0.04)

(0.02)

Diluted net income per share attributable to Evercore Partners Inc. common shareholders

$ 0.89

$ 0.23

$ 0.39

Earnings Per Share, Diluted | Class A

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Noncontrolling interest related to the assumed exchange of LP Units for Class A common shares

^[1]

[1]

Calculations of Basic and Diluted Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders (Parenthetical) (Detail) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Earnings Per Share, Diluted
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share	8,695	10,356	13,724

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Schedule of Income Before Income Tax [Line Items]

Share-Based and Other Deferred Compensation - Additional information (Detail) $ / shares in Units, shares in Thousands, $ in Thousands	1 Months Ended		3 Months Ended			12 Months Ended
	Aug. 19, 2011 shares	Sep. 30, 2010 USD ($) shares	Mar. 31, 2013 USD ($) yr $ / shares shares	Mar. 31, 2012 USD ($) yr	Mar. 31, 2011 USD ($) yr	Dec. 31, 2012 USD ($) yr $ / shares shares	Dec. 31, 2011 USD ($) $ / shares Employee shares	Dec. 31, 2010 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Lp Units Convertible Conversion Ratio						1
Share based awards reclassified from additional paid-in-capital to other current liabilities \| $							$ 2,828
Number of employees with modified equity based compensation awards \| Employee							4
Incremental Compensation Expense From Modifications \| $							$ 4,261
2006 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available to be granted in future						4,667	7,434
IPO Event-Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested event based awards						12
Vesting Of Event Based Awards							546
Expense Related To Vesting Of Event Based Awards \| $							$ 11,467
Event Based Awards Forfeited							27
Equity Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested event based awards						7,972	8,351
Event Based Awards Forfeited						393
Stock issued during period						3,312
Vested units						3,298
Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Acquisition Related Share Issuance	28
Class A \| 2006 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Authorized under plan						20,000
Class A \| IPO Event-Based Awards \| Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Original Grant Of Event Based Awards						2,286
RSUs convertible into Class A common Stock ratio						1
Lp Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested LP units						13,548
Unvested units						9,589
Lp Units Convertible Conversion Ratio						1
Amortization of LP Units \| $						$ 20,971	$ 22,189	$ 20,060
Total compensation expense \| $						$ 19,350
Weighted-average period over which the compensation cost is expected to be recognized						12 months
Acquisition-Related
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense related to acquisition related awards \| $						$ 18,749	6,621
Compensation expense related to deferred cash consideration \| $						7,216	2,455
Acquisition-Related \| Unvested Acquisition-Related Equity Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense \| $						$ 23,381
Weighted-average period over which the compensation cost is expected to be recognized						30 months
Acquisition-Related \| Unvested Acquisition-Related Equity Awards \| Lexicon Deferred Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense \| $						$ 385
Weighted-average period over which the compensation cost is expected to be recognized						8 months
Grant of Acquisition related Deferred compensation \| $						$ 1,892
Deferred compensation, vesting period \| yr						2
Expense related to Acquisition related Deferred compensation \| $						$ 875	$ 413
Acquisition-Related \| Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Acquisition Related Share Issuance							1,883
Twenty Twelve Equity Grants \| Equity Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Event Based Awards Forfeited						256
Vested units						1,760
Compensation expense related to Service-based Award \| $						$ 62,840
Twenty Twelve Equity Grants \| Equity Grants \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based awards, grant date fair value \| $ / shares						$ 22.62
Twenty Twelve Equity Grants \| Equity Grants \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based awards, grant date fair value \| $ / shares						$ 29.19
Twenty Twelve Equity Grants \| Equity Grants \| Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issued during period						3,163
Twenty Twelve Equity Grants \| Service-Based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense \| $						$ 104,967
Weighted-average period over which the compensation cost is expected to be recognized						20 months
2011 Equity Grants \| Equity Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Event Based Awards Forfeited							76
Vested units							1,552
Compensation expense related to Service-based Award \| $							$ 47,299
2011 Equity Grants \| Equity Grants \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based awards, grant date fair value \| $ / shares							$ 21.93
2011 Equity Grants \| Equity Grants \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based awards, grant date fair value \| $ / shares							$ 36.41
2011 Equity Grants \| Equity Grants \| Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issued during period							2,273
Unvested units							97
Vested units							37
2010 Equity Grants \| Equity Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Event Based Awards Forfeited								32
Vested units								1,457
Compensation expense related to Service-based Award \| $								$ 35,347
2010 Equity Grants \| Equity Grants \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based awards, grant date fair value \| $ / shares								$ 23.31
2010 Equity Grants \| Equity Grants \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based awards, grant date fair value \| $ / shares								$ 35.79
2010 Equity Grants \| Equity Grants \| Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Event Based Awards Forfeited		275
Stock issued during period								1,474
Grant date fair value \| $		$ 3,226
Total compensation expense \| $		$ 352
Deferred Cash Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense \| $						$ 7,316
Weighted-average period over which the compensation cost is expected to be recognized						28 months
Deferred cash awards granted \| $				$ 3,926	$ 9,153
Deferred compensation, vesting period, years \| yr				4	4
Compensation expense related to deferred compensation program \| $						$ 4,210	$ 1,938
Other Share Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Income tax benefit related to share-based compensation arrangements \| $						26,773	$ 19,423	$ 9,392
Separation expense to certain employees \| $						7,273
Cash distribution for separation benefit \| $						$ 5,135
Other Share Based Awards \| Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issued during period			2,000
Other Share Based Awards \| Subsequent Event \| President and Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issued during period			50
Other Share Based Awards \| Subsequent Event \| President And Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of consecutive trading days			20 days
Awards, vesting period, in years \| yr			4
Other Share Based Awards \| Subsequent Event \| President And Chief Executive Officer \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock price per share \| $ / shares			$ 45.00
Other Deferred Cash \| Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred cash awards granted \| $			$ 10,300
Awards, vesting period, in years \| yr			2

Summary of Activity Related to Share-Based Payment Awards (Detail) shares in Thousands	12 Months Ended
	Dec. 31, 2012 $ / shares shares
Equity Grants
Number of shares
Unvested Balance at January 1, 2012, Number of Shares \| shares	8,351
Granted, Number of Shares \| shares	3,312
Modified, Number of Shares \| shares
Forfeited, Number of Shares \| shares	(393)
Vested, Number of Shares \| shares	(3,298)
Unvested Balance at December 31, 2012, Number of Shares \| shares	7,972
Grant Date Weighted Average Fair Value
Unvested Balance at January 1, 2012, Grant Date Weighted Average Fair Value \| $ / shares	$ 188,051
Granted, Grant Date Weighted Average Fair Value \| $ / shares	94,059
Modified, Grant Date Weighted Average Fair Value \| $ / shares
Forfeited, Grant Date Weighted Average Fair Value \| $ / shares	(8,939)
Vested, Grant Date Weighted Average Fair Value \| $ / shares	(76,303)
Unvested Balance at December 31, 2012, Grant Date Weighted Average Fair Value \| $ / shares	$ 196,868
Acquisition-Related
Number of shares
Unvested Balance at January 1, 2012, Number of Shares \| shares	1,911
Granted, Number of Shares \| shares	54
Modified, Number of Shares \| shares
Vested, Number of Shares \| shares	(246)
Unvested Balance at December 31, 2012, Number of Shares \| shares	1,719
Grant Date Weighted Average Fair Value
Unvested Balance at January 1, 2012, Grant Date Weighted Average Fair Value \| $ / shares	$ 43,537
Granted, Grant Date Weighted Average Fair Value \| $ / shares	1,421
Modified, Grant Date Weighted Average Fair Value \| $ / shares
Vested, Grant Date Weighted Average Fair Value \| $ / shares	(5,620)
Unvested Balance at December 31, 2012, Grant Date Weighted Average Fair Value \| $ / shares	$ 39,338

Commitments and Contingencies - Additional Information (Detail) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Feb. 28, 2010	Feb. 11, 2010
Commitment And Contingencies [Line Items]
Rental expense relating to operating leases	$ 22,714	$ 16,136	$ 12,977
Operating Leases agreements, expiration date	Various dates through 2023
Other Assets	$ 14,067	11,718
Unfunded commitments for capital contributions	7,071
Line of credit intra-day facility	$ 7,699
Basis points	0.10%
Issue of restricted share equivalents				500
Commitments
Commitment And Contingencies [Line Items]
Contractual obligations related to the Tax Receivable Agreements	$ 172,624
Payment to the counterparties to the Tax Receivable Agreement, within one year or less	7,274
Payment to the counterparties to the Tax Receivable Agreement, one to three years	26,582
Payment to the counterparties to the Tax Receivable Agreement, three to five years	29,874
Payment to the counterparties to the Tax Receivable Agreement, after five years	108,894
Trilantic
Commitment And Contingencies [Line Items]
Issue of restricted share equivalents					500
Minimum Redemption value	$ 16,500
Redemption date	Dec. 31, 2014
Minimum commitment in equity fund	$ 5,000
EGL
Commitment And Contingencies [Line Items]
Minimum Commitment in member's equity fund	50,000
Pan
Commitment And Contingencies [Line Items]
Remaining Commitment to be paid	5,654
Office Equipment
Commitment And Contingencies [Line Items]
Rental expense relating to operating leases	627	$ 510	$ 593
Letter of Credit
Commitment And Contingencies [Line Items]
Other Assets	$ 3,500

Aggregate Minimum Future Payments Required on Operating Leases (Detail) $ in Thousands	Dec. 31, 2012 USD ($)
Operating Leased Assets [Line Items]
2013	$ 20,694
2014	19,517
2015	18,214
2016	19,248
2017	18,113
Thereafter	89,298
Total	$ 185,084

Regulatory Authorities - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2012 USD ($) d	Dec. 31, 2011 USD ($)
Regulatory Authorities [Line Items]
Maintenance of net capital of aggregate indebtedness, percent	6.67%
Required net capital to be maintained	$ 100
EGL
Regulatory Authorities [Line Items]
Regulatory net capital, value	31,281	$ 67,893
Regulatory net capital exceeding minimum net capital requirement	27,871	$ 66,726
ETC
Regulatory Authorities [Line Items]
Tier 1 capital	5,000
Minimum liquid assets, amount	$ 3,500
Coverage of operating expenses, days \| d	90
Collateral held in a segregated account at a third-party depository institution	$ 10,000

Income Taxes - Additional Information (Detail) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Income Taxes [Line Items]
Taxes Payable	$ 20,304	$ 5,159
Payment to the LP Unit holders of the cash tax savings, percent		85.00%
Retained percent of tax benefits		15.00%
Deferred Tax Assets-Non-Current	229,449	$ 186,689
Amounts Due Pursuant to Tax Receivable Agreements	165,350	137,448
Increase to Additional Paid-In-Capital	15,022	2,545
Additionally, increase in net deferred tax assets, before valuation allowance	1,494
Increase in deferred tax assets associated with changes in Accumulated Other Comprehensive Income (Loss)	(1,981)	3,046
Unrecognized tax benefits that would affect the effective tax rate	98	0
Unrecognized tax benefits accrued interest	10	136
Unrecognized tax benefits accrued penalties	6	0
Unrecognized tax benefits, recognized liability for penalties	32	255
Unrecognized tax benefits, recognized liability for interest	17	387
Recognized tax benefits, penalties	(228)	(398)
Recognized tax benefits, interest	(375)	(456)
UNITED KINGDOM
Income Taxes [Line Items]
Net operating loss and tax credit carryforwards	10,301
MEXICO
Income Taxes [Line Items]
Net operating loss and tax credit carryforwards	$ 1,139
Exchange of LP Units
Income Taxes [Line Items]
Common Stock, shares issued	3,091
Deferred Tax Assets-Non-Current	$ 38,974	0
Amounts Due Pursuant to Tax Receivable Agreements	33,128	0
Increase to Additional Paid-In-Capital	5,846	$ 0
Foreign Subsidiaries
Income Taxes [Line Items]
Undistributed earnings of foreign subsidiaries	2,660
Unrecognized net deferred tax liability	$ 703

Components of Income (Loss) Before Income Tax Expense (Detail) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Income before Income Tax Expense

^[1]

$ 59,797

$ 30,642

$ 25,648

UNITED STATES

Schedule of Income Before Income Tax [Line Items]

Income before Income Tax Expense

45,226

37,681

30,091

Non-U.S.

Schedule of Income Before Income Tax [Line Items]

Income before Income Tax Expense

$ 14,571

$ (7,039)

$ (4,443)

[1]	From continuing operations, net of Noncontrolling Interest from continuing operations.

Components of Provision for Income Taxes Reflected on Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Current:
Federal									$ 24,956	$ 2,367	$ 10,054
Foreign									6,007	4,447	931
State and Local									7,912	4,942	2,256
Total Current									38,875	11,756	13,241
Deferred:
Federal									(2,458)	11,368	3,115
Foreign									(4,756)	(1,129)	(340)
State and Local									(753)	729	161
Total Deferred									(7,967)	10,968	2,936
Total	$ 18,586	$ 7,187	$ 9,773	$ (4,638)	$ 1,080	$ 11,144	$ 6,064	$ 4,436	$ 30,908	$ 22,724	$ 16,177

Reconciliation Between Statutory Federal Income Tax Rate and Effective Tax Rate (Detail)

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Reconciliation of Federal Statutory Tax Rates

U.S. Statutory Tax Rate

35.00%

Increase (Decrease) Due to State and Local Taxes

8.40%

13.10%

7.10%

Rate Benefits as a Limited Liability Company/Flow Through

(6.90%)

(5.70%)

(10.20%)

Foreign Taxes

2.20%

4.30%

0.10%

Non-Deductible Expenses

^[1]

9.40%

17.10%

12.20%

Valuation Allowances

(2.00%)

(0.90%)

0.70%

Other Adjustments

(2.20%)

(1.00%)

(0.30%)

Effective Income Tax Rate

43.90%

61.90%

44.60%

[1]	Primarily related to non-deductible share-based compensation expense.

Details of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Current Deferred Tax Assets:
Step up in tax basis due to the exchange of LP Units for Class A Shares	$ 9,214	$ 8,621
Total Current Deferred Tax Asset	9,214	8,621
Long-term Deferred Tax Assets:
Depreciation and Amortization	14,673	13,180
Compensation and Benefits	25,958	23,002
Step up in tax basis due to the exchange of LP Units for Class A Shares	181,783	154,574
Other	17,043	15,859
Total Long-term Deferred Tax Assets	239,457	206,615
Long-term Deferred Tax Liabilities:
Goodwill and Investments	10,008	11,715
Total Long-term Deferred Tax Liabilities	10,008	11,715
Net Long-term Deferred Tax Assets Before Valuation Allowance	229,449	194,900
Valuation Allowance		(8,211)
Net Long-term Deferred Tax Assets	$ 229,449	$ 186,689

Reconciliation of Changes in Tax Positions (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Reconciliation of Unrecognized Tax Benefits [Line Items]
Beginning unrecognized tax benefit	$ 1,109	$ 2,012	$ 2,728
Additions for tax positions of prior years		98
Reductions for tax positions of prior years
Lapse of Statute of Limitations	(1,011)	(1,001)	(716)
Ending unrecognized tax benefit	$ 98	$ 1,109	$ 2,012

Concentrations of Credit Risk - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2012 USD ($) d	Dec. 31, 2011 USD ($)	Dec. 31, 2010 USD ($)
Concentration Risk [Line Items]
Securities Sold Under Agreements to Repurchase	$ 120,787	$ 129,577
Total Receivable	$ 89,098	52,060
Investment banking and investment management receivables collection periods (in days) \| d	90
Collection period for restructuring transactions and private equity fee receivables (in days) \| d	90
Bad debt Expense	$ 1,803	1,558	$ 1,008
Marketable Securities	$ 36,545	81,288
Percentage of marketable securities related to corporate and municipal bonds and other debt securities	37.00%
Percentage of marketable securities related to seed capital investments and mutual funds	63.00%
Market Value Of Collateral Received Or (Pledged)
Concentration Risk [Line Items]
Securities Sold Under Agreements to Repurchase	$ 121,029	$ 129,809

Reasonable Representation of Each Segment's Contribution (Detail) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

$ 214,049

$ 153,029

$ 172,497

$ 102,798

$ 112,781

$ 163,181

$ 141,204

$ 107,098

$ 642,373

^[1]

$ 524,264

^[1]

$ 375,905

^[1]

Operating Income

42,238

14,245

21,195

(12,143)

(1,009)

13,442

11,615

11,764

65,535

35,812

36,860

Pre-Tax Income (Loss) from Continuing Operations

1,333

415

719

2,385

255

195

400

4,852

919

(557)

43,571

$ 14,660

$ 21,914

$ (9,758)

(754)

$ 13,637

$ 11,684

$ 12,164

70,387

36,731

36,303

Identifiable Segment Assets

1,145,218

1,043,592

1,145,218

1,043,592

898,085

Operating Expenses

523,386

427,155

316,016

Other Expenses

^[2]

53,452

61,297

23,029

Investment Banking

^[1]

565,219

428,124

301,847

Operating Expenses

444,510

337,886

240,312

Other Expenses

^[2]

50,774

55,591

19,408

Operating Income

69,935

34,647

42,127

Pre-Tax Income (Loss) from Continuing Operations

2,258

1,101

72,193

35,748

42,143

Identifiable Segment Assets

624,977

530,008

624,977

530,008

370,329

Investment Management

^[1]

77,154

96,140

74,058

Operating Income

(4,400)

1,165

(5,267)

Pre-Tax Income (Loss) from Continuing Operations

2,594

(182)

(573)

(1,806)

983

(5,840)

Identifiable Segment Assets

$ 520,241

$ 513,584

520,241

513,584

527,756

Operating Expenses

78,876

89,269

75,704

Other Expenses

^[2]

$ 2,678

$ 5,706

$ 3,621

[1]

Net revenues include Other Revenue, net, allocated to the segments as follows: For the Years Ended December 31, 2012 2011 2010 Investment Banking(A) $ (3,019 ) $ (2,473 ) $ (84 ) Investment Management(B) (2,636 ) (3,021 ) (552 ) Total Other Revenue, net $ (5,655 ) $ (5,494 ) $ (636 )

[2]

Other Expenses are as follows: For the Years Ended December 31, 2012 2011 2010 Investment Banking Amortization of LP Units and Certain Other Awards $ 18,601 $ 21,328 $ 17,532 Vesting of Event-based Awards - 8,906 - Acquisition Related Compensation Charges 28,163 14,618 - Special Charges 662 3,894 - Intangible Asset Amortization 3,348 6,845 1,876 Total Investment Banking 50,774 55,591 19,408 Investment Management Amortization of LP Units and Certain Other Awards 2,350 2,892 3,289 Vesting of Event-based Awards - 2,483 - Intangible Asset Amortization 328 331 332 Total Investment Management 2,678 5,706 3,621 Total Other Expenses $ 53,452 $ 61,297 $ 23,029

Reasonable Representation of Each Segment's Contribution (Parenthetical) (Detail) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Investment Banking Other Revenue, net, includes interest expense on the Senior Notes

Total Other Revenue, net

$ (5,655)

$ (5,494)

$ (636)

4,312

4,238

4,169

Investment Management Other Revenue, net, includes interest expense on the Senior Notes

3,643

3,579

3,525

Special Charges

662

3,894

Total Other Expenses

^[1]

53,452

61,297

23,029

Investment Banking

Amortization of LP Units and Certain Other Awards

Total Other Revenue, net

^[2]

(3,019)

(2,473)

(84)

18,601

21,328

17,532

Vesting of Event-based Awards

8,906

28,163

14,618

Special Charges

662

3,894

Intangible Asset Amortization

3,348

6,845

1,876

Total Investment Banking

^[1]

50,774

55,591

19,408

Investment Management

Amortization of LP Units and Certain Other Awards

Total Other Revenue, net

^[3]

(2,636)

(3,021)

(552)

2,350

2,892

3,289

Vesting of Event-based Awards

2,483

Intangible Asset Amortization

328

331

332

Total Investment Management

^[1]

$ 2,678

$ 5,706

$ 3,621

[1]	Other Expenses are as follows: For the Years Ended December 31, 2012 2011 2010 Investment Banking Amortization of LP Units and Certain Other Awards $ 18,601 $ 21,328 $ 17,532 Vesting of Event-based Awards - 8,906 - Acquisition Related Compensation Charges 28,163 14,618 - Special Charges 662 3,894 - Intangible Asset Amortization 3,348 6,845 1,876 Total Investment Banking 50,774 55,591 19,408 Investment Management Amortization of LP Units and Certain Other Awards 2,350 2,892 3,289 Vesting of Event-based Awards - 2,483 - Intangible Asset Amortization 328 331 332 Total Investment Management 2,678 5,706 3,621 Total Other Expenses $ 53,452 $ 61,297 $ 23,029
[2]	Investment Banking Other Revenue, net, includes interest expense on the Senior Notes of $4,312, $4,238 and $4,169 for the years ended December 31, 2012, 2011 and 2010, respectively.
[3]	Investment Management Other Revenue, net, includes interest expense on the Senior Notes of $3,643, $3,579 and $3,525 for the years ended December 31, 2012, 2011 and 2010, respectively.

Revenues Derived from Clients and Private Equity Funds by Geographical Areas (Detail) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

^[1]

$ 648,028

$ 529,758

$ 376,541

UNITED STATES

^[1]

452,594

387,063

290,693

Europe And Other

^[1]

151,261

112,049

60,605

Latin America

^[1]

$ 44,173

$ 30,646

$ 25,243

[1]	Excludes Other Revenue and Interest Expense.

Condensed Statements Of Financial Condition, Parent Company Only (Detail) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Condensed Financial Statements, Captions [Line Items]
Other Assets	$ 14,067	$ 11,718
Total Assets	1,145,218	1,043,592	$ 898,085
LIABILITIES AND STOCKHOLDERS' EQUITY
Taxes Payable	20,304	5,159
Amounts Due Pursuant to Tax Receivable Agreement	165,350	137,448
Long-term Debt-Notes Payable	101,375	99,664
Total Liabilities	604,742	555,499
Additional Paid-In-Capital	654,275	575,122
Accumulated Other Comprehensive Income (Loss)	(9,086)	(12,058)
Retained Earnings (Deficit)	(77,079)	(76,703)
Treasury Stock at Cost (5,463,515 and 3,072,958 shares at December 31, 2012 and 2011, respectively)	(139,954)	(79,007)
TOTAL STOCKHOLDERS' EQUITY	428,506	407,664
Total Liabilities and Equity	1,145,218	1,043,592
Class A
LIABILITIES AND STOCKHOLDERS' EQUITY
Common Stock	350	310
Parent Company
Condensed Financial Statements, Captions [Line Items]
Equity Investment in Subsidiary	490,856	452,027
Deferred Tax Asset	225,741	188,256
Other Assets		14,310
Total Assets	716,597	654,593
LIABILITIES AND STOCKHOLDERS' EQUITY
Payable to Related Party	7,282	6,217
Taxes Payable	11,872
Amounts Due Pursuant to Tax Receivable Agreement	165,350	137,448
Long-term Debt-Notes Payable	101,375	99,664
Other Liabilities	2,212	3,600
Total Liabilities	288,091	246,929
Additional Paid-In-Capital	654,275	575,122
Accumulated Other Comprehensive Income (Loss)	(9,086)	(12,058)
Retained Earnings (Deficit)	(77,079)	(76,703)
Treasury Stock at Cost (5,463,515 and 3,072,958 shares at December 31, 2012 and 2011, respectively)	(139,954)	(79,007)
TOTAL STOCKHOLDERS' EQUITY	428,506	407,664
Total Liabilities and Equity	716,597	654,593
Parent Company \| Class A
LIABILITIES AND STOCKHOLDERS' EQUITY
Common Stock	$ 350	$ 310

Condensed Statements Of Financial Condition, Parent Company Only (Parenthetical) (Detail) - $ / shares	Dec. 31, 2012	Dec. 31, 2011	Aug. 19, 2011
Condensed Financial Statements, Captions [Line Items]
Treasury Stock at Cost, shares	5,463,515	3,072,958
Class A
Condensed Financial Statements, Captions [Line Items]
Common Stock, par value	$ 0.01	$ 0.01	$ 0.01
Common Stock, shares authorized	1,000,000,000	1,000,000,000
Common Stock, shares issued	35,040,501	31,014,265
Common Stock, shares outstanding	29,576,986	27,941,307
Class B
Condensed Financial Statements, Captions [Line Items]
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	1,000,000	1,000,000
Common Stock, shares issued	43	47
Common Stock, shares outstanding	43	47
Parent Company
Condensed Financial Statements, Captions [Line Items]
Treasury Stock at Cost, shares	5,463,515	3,072,958
Parent Company \| Class A
Condensed Financial Statements, Captions [Line Items]
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	1,000,000,000	1,000,000,000
Common Stock, shares issued	35,040,501	31,014,265
Common Stock, shares outstanding	29,576,986	27,941,307
Parent Company \| Class B
Condensed Financial Statements, Captions [Line Items]
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	1,000,000	1,000,000
Common Stock, shares issued	43	47
Common Stock, shares outstanding	43	47

Condensed Statements Of Operations, Parent Company Only (Detail) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Revenues

TOTAL REVENUES

$ 657,674

$ 543,655

$ 398,746

Interest Expense

15,301

19,391

22,841

$ 214,049

$ 153,029

$ 172,497

$ 102,798

$ 112,781

$ 163,181

$ 141,204

$ 107,098

642,373

^[1]

524,264

^[1]

375,905

^[1]

EXPENSES

Provision for Income Taxes

171,811

138,784

151,302

114,941

113,790

149,739

129,589

95,334

576,838

488,452

339,045

18,586

7,187

9,773

(4,638)

1,080

11,144

6,064

4,436

30,908

22,724

16,177

$ 24,985

$ 7,473

$ 12,141

$ (5,120)

$ (3,338)

$ 1,293

$ 5,259

$ 7,317

39,479

10,531

17,805

Parent Company

Revenues

Interest Income

7,955

7,817

7,693

TOTAL REVENUES

7,955

7,817

7,693

Interest Expense

7,955

7,817

7,693

EXPENSES

Equity in Income of Subsidiary

OPERATING INCOME

53,229

21,083

20,618

Provision for Income Taxes

24,340

14,131

11,664

Quarterly Financial Data [Line Items]

$ 28,889

$ 6,952

$ 8,954

[1]	Net revenues include Other Revenue, net, allocated to the segments as follows: For the Years Ended December 31, 2012 2011 2010 Investment Banking(A) $ (3,019 ) $ (2,473 ) $ (84 ) Investment Management(B) (2,636 ) (3,021 ) (552 ) Total Other Revenue, net $ (5,655 ) $ (5,494 ) $ (636 )

Condensed Statements Of Cash Flows, Parent Company Only (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)	$ 24,985	$ 7,473	$ 12,141	$ (5,120)	$ (3,338)	$ 1,293	$ 5,259	$ 7,317	$ 39,479	$ 10,531	$ 17,805
(Increase) Decrease in Operating Assets:
Other Assets									15,485	(144)	(1,138)
Increase (Decrease) in Operating Liabilities:
Taxes Payable									13,694	(1,777)	380
Other Liabilities									(1,951)	(8,739)	(1,872)
Net Cash Provided by (Used in) Operating Activities									160,158	147,836	44,995
Cash Flows From Investing Activities
Cash Paid for Acquisitions, net of cash acquired									(6,743)	(30,397)	(70,481)
Net Cash Provided by (Used in) Investing Activities									24,917	(77,344)	(43,866)
Cash Flows From Financing Activities
Proceeds from Equity Offering										168,140	77,185
Foreign Currency Translation									1,463	(3,843)	349
Dividends									(24,296)	(19,346)	(12,358)
Net Cash (Used in) Provided by Financing Activities									(110,012)	(25,081)	(66,823)
Net Increase (Decrease) in Cash and Cash Equivalents									76,526	41,568	(65,345)
Cash and Cash Equivalents-Beginning of Period				182,905				141,337	182,905	141,337	206,682
Cash and Cash Equivalents-End of Period	259,431				182,905				259,431	182,905	141,337
Parent Company
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)									28,889	6,952	8,954
Undistributed Income of Subsidiary									(53,229)	(21,083)	(20,618)
Accretion on Long-term Debt									1,711	1,582	1,464
(Increase) Decrease in Operating Assets:
Other Assets									14,310	12,105	(1,324)
Increase (Decrease) in Operating Liabilities:
Payable to Uncombined Affiliates										957
Taxes Payable									11,872
Other Liabilities									(3,101)	(574)
Net Cash Provided by (Used in) Operating Activities									452	(61)	(11,524)
Cash Flows From Investing Activities
Cash Paid for Acquisitions, net of cash acquired										(30,397)
Investment in Subsidiary									24,239	(22,994)	23,760
Net Cash Provided by (Used in) Investing Activities									24,239	(53,391)	23,760
Cash Flows From Financing Activities
Proceeds from Equity Offering										168,140	77,185
Purchase of Evercore LP Units									(395)	(95,342)	(76,763)
Foreign Currency Translation											(300)
Dividends									(24,296)	(19,346)	(12,358)
Net Cash (Used in) Provided by Financing Activities									(24,691)	53,452	(12,236)
Net Increase (Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents-Beginning of Period
Cash and Cash Equivalents-End of Period

Evercore Partners Inc. (Parent Company Only) Financial Statements - Additional information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Aug. 19, 2011
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Shares purchased for the net settlement of stock-based compensation awards									726,000	1,587,000
Increase in Treasury Stock									$ 66,588	$ 45,105
Decrease in treasury stock									$ 5,641	$ 636
Declared and paid dividends	$ 0.22	$ 0.20	$ 0.20	$ 0.20	$ 0.20	$ 0.18	$ 0.18	$ 0.18	$ 0.82	$ 0.74	$ 0.63
Dividend declared and paid, total									$ 24,296	$ 19,346
Minimum
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Treasury stock acquired, market value per share									$ 21.71	$ 15.76
Maximum
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Treasury stock acquired, market value per share									$ 29.62	$ 36.41
Class A
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Common Stock, shares authorized	1,000,000,000				1,000,000,000				1,000,000,000	1,000,000,000
Common Stock, par value	$ 0.01				$ 0.01				$ 0.01	$ 0.01		$ 0.01
Common Stock, shares issued	35,040,501				31,014,265				35,040,501	31,014,265
Class B
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Common Stock, shares authorized	1,000,000				1,000,000				1,000,000	1,000,000
Common Stock, par value	$ 0.01				$ 0.01				$ 0.01	$ 0.01
Common Stock, shares issued	43				47				43	47
Commitments
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Contractual obligations related to the Tax Receivable Agreements	$ 172,624								$ 172,624
Payment to the counterparties to the Tax Receivable Agreement, within one year or less	7,274								7,274
Payment to the counterparties to the Tax Receivable Agreement, one to three years	26,582								26,582
Payment to the counterparties to the Tax Receivable Agreement, three to five years	29,874								29,874
Payment to the counterparties to the Tax Receivable Agreement, after five years	108,894								$ 108,894
Share Repurchase Program
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Number of shares repurchased									1,884,000
Share Repurchase Program \| Minimum
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Treasury stock acquired, market value per share									$ 22.58
Share Repurchase Program \| Maximum
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Treasury stock acquired, market value per share									$ 26.62
Parent Company
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Decrease in treasury stock									$ 5,641
Declared and paid dividends									$ 0.82
Dividend declared and paid, total									$ 24,296
Contractual obligations related to senior notes	169,920								169,920
Payment to the senior notes to the tax receivable agreement, within one year or less	6,240								6,240
Payment to the senior notes to the tax receivable agreement, one to three years	12,480								12,480
Payment to the senior notes to the tax receivable agreement three to five years	12,480								12,480
Payment to the senior notes to the tax receivable agreement, after five years	138,720								138,720
Contractual obligations related to the Tax Receivable Agreements	$ 172,624								$ 172,624
Parent Company \| Class A
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Common Stock, shares authorized	1,000,000,000				1,000,000,000				1,000,000,000	1,000,000,000
Common Stock, par value	$ 0.01				$ 0.01				$ 0.01	$ 0.01
Common Stock, shares issued	35,040,501				31,014,265				35,040,501	31,014,265
Shares purchased for the net settlement of stock-based compensation awards									726,000
Increase in Treasury Stock									$ 66,588
Parent Company \| Class A \| Minimum
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Treasury stock acquired, market value per share									$ 21.71
Parent Company \| Class A \| Maximum
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Treasury stock acquired, market value per share									$ 29.62
Parent Company \| Class B
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Common Stock, shares authorized	1,000,000				1,000,000				1,000,000	1,000,000
Common Stock, par value	$ 0.01				$ 0.01				$ 0.01	$ 0.01
Common Stock, shares issued	43				47				43	47
Common Stock, shares cancelled	4,000								4,000
Exchange value of common stock	$ 1								$ 1
Parent Company \| Morse Williams \| Class A
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Contingent consideration, treasury shares issued									39,000
Parent Company \| MJC Associates Agreement \| Class A
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Contingent consideration, treasury shares issued									65,000
Parent Company \| Lexicon Partnership LLP \| Class A
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Contingent consideration, treasury shares issued									116,000
Parent Company \| Commitments
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Payment to the counterparties to the Tax Receivable Agreement, within one year or less	7,274								$ 7,274
Payment to the counterparties to the Tax Receivable Agreement, one to three years	26,582								26,582
Payment to the counterparties to the Tax Receivable Agreement, three to five years	29,874								29,874
Payment to the counterparties to the Tax Receivable Agreement, after five years	$ 108,894								$ 108,894
Parent Company \| Share Repurchase Program \| Class A
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Number of shares repurchased									1,884,000
Parent Company \| Share Repurchase Program \| Class A \| Minimum
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Treasury stock acquired, market value per share									$ 22.58
Parent Company \| Share Repurchase Program \| Class A \| Maximum
Condensed Financial Information Of Parent Company Only Disclosure [Line Items]
Treasury stock acquired, market value per share									$ 26.62

Supplemental Financial Information (Detail) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

$ 214,049

$ 153,029

$ 172,497

$ 102,798

$ 112,781

$ 163,181

$ 141,204

$ 107,098

$ 642,373

^[1]

$ 524,264

^[1]

$ 375,905

^[1]

Income (Loss) Before Income from Equity Method Investments and Income Taxes

171,811

138,784

151,302

114,941

113,790

149,739

129,589

95,334

576,838

488,452

339,045

42,238

14,245

21,195

(12,143)

(1,009)

13,442

11,615

11,764

65,535

35,812

36,860

Income from Equity Method Investments

1,333

415

719

2,385

255

195

400

4,852

919

(557)

Income (Loss) Before Income Taxes

43,571

14,660

21,914

(9,758)

(754)

13,637

11,684

12,164

70,387

36,731

36,303

Provision (Benefit) for Income Taxes

18,586

7,187

9,773

(4,638)

1,080

11,144

6,064

4,436

30,908

22,724

16,177

Net Income (Loss) from Continuing Operations

24,985

7,473

12,141

(5,120)

(1,834)

2,493

5,620

7,728

39,479

14,007

20,126

Net Income (Loss) from Discontinued Operations

(1,504)

(1,200)

(361)

(411)

(966)

(517)