0001360901-21-000010 | 10-Q | XBRL Viewer

Print Document View Excel Document

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2021	Apr. 23, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Entity File Number	001-32975
Entity Registrant Name	EVERCORE INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-4748747
Entity Address, Address Line One	55 East 52nd Street
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10055
City Area Code	212
Local Phone Number	857-3100
Title of 12(b) Security	Class A Common Stock, par value $0.01 per share
Trading Symbol	EVR
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001360901
Current Fiscal Year End Date	--12-31
Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		40,949,919
Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		47
Subsidiaries [Member] \| Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		53

Condensed Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Current Assets
Cash and Cash Equivalents	$ 410,848	$ 829,598
Investment Securities and Certificates of Deposit (includes available-for-sale debt securities with an amortized cost of $147,995 and $402,824 at March 31, 2021 and December 31, 2020, respectively)	873,117	1,060,836
Accounts Receivable (net of allowances of $2,017 and $5,372 at March 31, 2021 and December 31, 2020, respectively)	356,430	368,346
Receivable from Employees and Related Parties	23,074	23,593
Other Current Assets	78,671	92,231
Total Current Assets	1,742,140	2,374,604
Investments	86,360	86,681
Deferred Tax Assets	256,491	257,862
Operating Lease Right-of-Use Assets	262,173	270,498
Furniture, Equipment and Leasehold Improvements (net of accumulated depreciation and amortization of $146,412 and $139,572 at March 31, 2021 and December 31, 2020, respectively)	150,537	148,832
Goodwill	129,232	129,126
Intangible Assets (net of accumulated amortization of $3,023 and $2,932 at March 31, 2021 and December 31, 2020, respectively)	607	698
Other Assets	98,373	102,587
Total Assets	2,725,913	3,370,888
Current Liabilities
Accrued Compensation and Benefits	326,082	778,043
Accounts Payable and Accrued Expenses	40,770	37,961
Payable to Employees and Related Parties	47,042	24,047
Operating Lease Liabilities	43,654	42,871
Taxes Payable	1,809	15,346
Current Portion of Notes Payable	0	37,974
Other Current Liabilities	32,845	127,691
Total Current Liabilities	492,202	1,063,933
Operating Lease Liabilities	294,644	300,275
Notes Payable	376,491	338,518
Amounts Due Pursuant to Tax Receivable Agreements	78,884	76,860
Other Long-term Liabilities	49,295	101,928
Total Liabilities	1,291,516	1,881,514
Commitments and Contingencies
Evercore Inc. Stockholders' Equity
Additional Paid-In-Capital	2,322,421	2,266,136
Accumulated Other Comprehensive Income (Loss)	(8,397)	(9,758)
Retained Earnings	914,120	798,573
Treasury Stock at Cost (33,385,488 and 31,445,058 shares at March 31, 2021 and December 31, 2020, respectively)	(2,059,581)	(1,824,727)
Total Evercore Inc. Stockholders' Equity	1,169,308	1,230,946
Noncontrolling Interest	265,089	258,428
Total Equity	1,434,397	1,489,374
Total Liabilities and Equity	2,725,913	3,370,888
Class A [Member]
Evercore Inc. Stockholders' Equity
Common Stock	745	722
Class B [Member]
Evercore Inc. Stockholders' Equity
Common Stock	$ 0	$ 0

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale, Amortized Cost	$ 147,995	$ 402,824
Accounts Receivable, Allowances	2,017	5,372
Furniture, Equipment and Leasehold Improvements, Accumulated Depreciation and Amortization	146,412	139,572
Intangible Assets, Accumulated Amortization	$ 3,023	$ 2,932
Treasury Stock at Cost, shares	33,385,488	31,445,058
Class A [Member]
Common Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,000,000,000	1,000,000,000
Common Stock, Shares, Issued	74,521,960	72,195,283
Common Stock, Shares, Outstanding	41,136,472	40,750,225
Class B [Member]
Common Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,000,000	1,000,000
Common Stock, Shares, Issued	47	48
Common Stock, Shares, Outstanding	47	48

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Investment Banking:
Other Revenue, Including Interest and Investments	$ 7,230	$ (14,948)
Total Revenues	666,880	433,047
Interest Expense	4,570	6,040
Net Revenues	662,310	427,007
Expenses
Employee Compensation and Benefits	395,390	270,742
Occupancy and Equipment Rental	18,709	18,910
Professional Fees	21,607	16,966
Travel and Related Expenses	2,292	16,151
Communications and Information Services	14,029	12,567
Depreciation and Amortization	6,641	6,871
Execution, Clearing and Custody Fees	3,552	4,186
Special Charges, Including Business Realignment Costs	0	23,676
Acquisition and Transition Costs	7	8
Other Operating Expenses	5,875	7,627
Total Expenses	468,102	377,704
Income Before Income from Equity Method Investments and Income Taxes	194,208	49,303
Income from Equity Method Investments	3,024	3,128
Income Before Income Taxes	197,232	52,431
Income Tax Expense (Benefit)	31,681	13,551
Net Income	165,551	38,880
Net Income Attributable to Noncontrolling Interest	21,199	7,705
Net Income Attributable to Evercore Inc.	144,352	31,175
Net Income Attributable to Evercore Inc. Common Shareholders	$ 144,352	$ 31,175
Weighted Average Shares of Class A Common Stock Outstanding
Basic (in shares)	41,364	39,992
Diluted (in shares)	44,456	42,317
Net Income Per Share Attributable to Evercore Inc. Common Shareholders:
Basic (in dollars per share)	$ 3.49	$ 0.78
Diluted (in dollars per share)	$ 3.25	$ 0.74
Investment Banking [Member]
Investment Banking:
Revenue from Contract with Customer	$ 644,701	$ 435,248
Net Revenues	647,285	413,656
Expenses
Special Charges, Including Business Realignment Costs	0	23,644
Acquisition and Transition Costs	7	8
Income Before Income from Equity Method Investments and Income Taxes	190,752	48,635
Income from Equity Method Investments	169	536
Income Before Income Taxes	190,921	49,171
Investment Banking [Member] \| Advisory Fees [Member]
Investment Banking:
Revenue from Contract with Customer	511,918	358,564
Investment Banking [Member] \| Underwriting Fees [Member]
Investment Banking:
Revenue from Contract with Customer	79,257	21,118
Investment Banking [Member] \| Commissions and Related Revenue [Member]
Investment Banking:
Revenue from Contract with Customer	53,526	55,566
Investment Management [Member]
Investment Banking:
Revenue from Contract with Customer	14,949	12,747
Net Revenues	15,025	13,351
Expenses
Special Charges, Including Business Realignment Costs	0	32
Acquisition and Transition Costs	0	0
Income Before Income from Equity Method Investments and Income Taxes	3,456	668
Income from Equity Method Investments	2,855	2,592
Income Before Income Taxes	6,311	3,260
Investment Management [Member] \| Asset Management [Member]
Investment Banking:
Revenue from Contract with Customer	$ 14,949	$ 12,747

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net Income	$ 165,551	$ 38,880
Other Comprehensive Income (Loss), net of tax:
Unrealized Gain (Loss) on Securities and Investments, net	42	(933)
Foreign Currency Translation Adjustment Gain (Loss), net	1,553	(11,308)
Other Comprehensive Income (Loss)	1,595	(12,241)
Comprehensive Income	167,146	26,639
Comprehensive Income Attributable to Noncontrolling Interest	21,433	5,796
Comprehensive Income Attributable to Evercore Inc.	$ 145,713	$ 20,843

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669619-108580

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32136-110900

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 55
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121640130&loc=d3e1436-108581

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669625-108580

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

+ Details

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669625-108580

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 14: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=120409616&loc=SL4591551-111686

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3000-108585

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=108774443&loc=SL4569616-111683

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 20: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=120409616&loc=SL4591552-111686

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794

+ Details

Condensed Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands

Total

Cumulative Effect, Period of Adoption, Adjustment [Member]

Class A [Member]

Common Stock [Member]

Class A [Member]

Additional Paid-In Capital [Member]

Accumulated Other Comprehensive Income (Loss) [Member]

Retained Earnings [Member]

Cumulative Effect, Period of Adoption, Adjustment [Member]

Treasury Stock [Member]

Noncontrolling Interest [Member]

Beginning Balance at Dec. 31, 2019

$ 1,126,250

$ 687

$ 2,016,524

$ (27,596)

$ 558,269

$ (1,678,168)

$ 256,534

Beginning Balance (Accounting Standards Update 2016-01 [Member]) at Dec. 31, 2019

^[1]

$ (1,310)

Beginning Balance, Shares at Dec. 31, 2019

68,698,675

(29,522,665)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net Income

38,880

31,175

7,705

Other Comprehensive Income

(12,241)

(10,332)

(1,909)

Treasury Stock Purchases

(141,014)

$ (141,014)

Treasury Stock Purchases, Shares (in shares)

(1,841,880)

Evercore LP Units Exchanged for Class A Common Stock

8,414

$ 8

41,577

(33,171)

Evercore LP Units Exchanged for Class A Common Stock, Shares

791,695

Equity-based Compensation Awards

58,744

$ 24

55,409

3,311

Equity-based Compensation Awards, Shares

2,409,586

Dividends

(27,117)

Noncontrolling Interest (Note 13)

(12,741)

(1,565)

(11,176)

Ending Balance at Mar. 31, 2020

1,037,865

$ 719

2,111,945

(37,928)

561,017

$ (1,819,182)

221,294

Ending Balance, Shares at Mar. 31, 2020

71,899,956

(31,364,545)

Beginning Balance at Dec. 31, 2020

1,489,374

$ 722

2,266,136

(9,758)

798,573

$ (1,824,727)

258,428

Beginning Balance, Shares at Dec. 31, 2020

40,750,225

72,195,283

(31,445,058)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net Income

165,551

144,352

21,199

Other Comprehensive Income

1,595

1,361

234

Treasury Stock Purchases

$ (234,854)

Treasury Stock Purchases, Shares (in shares)

(1,940,000)

(1,940,430)

Evercore LP Units Exchanged for Class A Common Stock

$ 1,498

$ 1

7,211

(5,714)

Evercore LP Units Exchanged for Class A Common Stock, Shares

120,143

Equity-based Compensation Awards

55,018

$ 22

51,900

3,096

Equity-based Compensation Awards, Shares

2,206,534

Dividends

(28,805)

Noncontrolling Interest (Note 13)

(14,980)

(2,826)

(12,154)

Ending Balance at Mar. 31, 2021

$ 1,434,397

$ 745

$ 2,322,421

$ (8,397)

$ 914,120

$ (2,059,581)

$ 265,089

Ending Balance, Shares at Mar. 31, 2021

41,136,472

74,521,960

(33,385,488)

[1]

The cumulative adjustment relates to the adoption of Accounting Standards Update ("ASU") No. 2016-13, "Measurement of Credit Losses on Financial Instruments" ("ASU 2016-13") on January 1, 2020, for which the Company recorded an adjustment to Retained Earnings to reflect an increase in the Company's Allowance for Doubtful Accounts as a result of the use of the current expected credit loss model.

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash Flows From Operating Activities
Net Income	$ 165,551	$ 38,880
Adjustments to Reconcile Net Income to Net Cash Provided by (Used In) Operating Activities:
Net (Gains) Losses on Investments, Investment Securities and Contingent Consideration	(7,605)	24,767
Equity Method Investments	349	(1,291)
Equity-Based and Other Deferred Compensation	94,211	77,910
Noncash Lease Expense	10,058	9,065
Depreciation, Amortization and Accretion	6,751	8,526
Bad Debt Expense	(1,738)	474
Deferred Taxes	4,502	2,105
Decrease (Increase) in Operating Assets:
Investment Securities	(1,950)	634
Financial Instruments Owned and Pledged as Collateral at Fair Value	0	(13,099)
Securities Purchased Under Agreements to Resell	0	12,831
Accounts Receivable	14,265	42,009
Receivable from Employees and Related Parties	523	(2,344)
Other Assets	17,550	(11,564)
(Decrease) Increase in Operating Liabilities:
Accrued Compensation and Benefits	(535,197)	(359,947)
Accounts Payable and Accrued Expenses	2,397	(6,070)
Securities Sold Under Agreements to Repurchase	0	266
Payables to Employees and Related Parties	22,736	4,152
Taxes Payable	(13,537)	(2,829)
Other Liabilities	(108,977)	1,219
Net Cash Provided by (Used In) Operating Activities	(330,111)	(174,306)
Cash Flows From Investing Activities
Investments Purchased	(159)	0
Distributions of Private Equity Investments	5	0
Investment Securities:
Proceeds from Sales and Maturities of Investment Securities	888,534	332,819
Purchases of Investment Securities and Futures Contracts Activity	(616,624)	(209,602)
Maturity of Certificates of Deposit	0	214,266
Purchase of Certificates of Deposit	(73,877)	0
Purchase of Furniture, Equipment and Leasehold Improvements	(7,714)	(12,661)
Net Cash Provided by Investing Activities	190,165	324,822
Cash Flows From Financing Activities
Issuance of Noncontrolling Interests	1,107	30
Distributions to Noncontrolling Interests	(12,894)	(11,068)
Payment of Notes Payable	(38,000)	0
Issuance of Notes Payable	38,000	0
Purchase of Treasury Stock and Noncontrolling Interests	(231,296)	(141,014)
Dividends	(37,414)	(33,781)
Net Cash Provided by (Used in) Financing Activities	(280,497)	(185,833)
Effect of Exchange Rate Changes on Cash	1,816	(8,429)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	(418,627)	(43,746)
Cash, Cash Equivalents and Restricted Cash-Beginning of Period	838,224	643,886
Cash, Cash Equivalents and Restricted Cash-End of Period	419,597	600,140
SUPPLEMENTAL CASH FLOW DISCLOSURE
Payments for Interest	4,469	5,667
Payments for Income Taxes	27,331	20,896
Accrued Dividends	3,411	3,531
Noncash Purchase of Noncontrolling Interest	3,170	1,703
Receipt of Equity Securities in Settlement of Accounts Receivable	1,955	0
Debt Issuance Costs Accrued	$ 355	$ 0

Organization	3 Months Ended
Organization	Mar. 31, 2021
Accounting Policies [Abstract]
Organization	Organization Evercore Inc., together with its subsidiaries (the "Company"), is an investment banking and investment management firm, incorporated in Delaware and headquartered in New York, New York. The Company is a holding company which owns a controlling interest in, and is the sole general partner of, Evercore LP, a Delaware limited partnership ("Evercore LP"). The Company operates from its offices and through its affiliates in North America, Europe, the Middle East and Asia. The Investment Banking segment includes the advisory business through which the Company provides advice to clients on significant mergers, acquisitions, divestitures, shareholder activism 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, raises funds for financial sponsors and provides advisory services focused on secondary transactions for private funds interests, as well as on primary and secondary transactions for real estate oriented financial sponsors and private equity interests. The Investment Banking business also includes the Evercore ISI business through which the Company offers macroeconomic, policy and fundamental equity research and agency-based equity securities trading for institutional investors. The Investment Management segment includes the wealth management business through which the Company provides investment advisory, wealth management and fiduciary services for high-net-worth individuals and associated entities, and the private equity business, which holds interests in private equity funds which are not managed by the Company. The Company's historical results also include the institutional asset management business, through which the Company directly and through affiliates, managed financial assets for sophisticated institutional investors. This business included Evercore Casa de Bolsa, S.A. de C.V. ("ECB"), which was sold during 2020.

Significant Accounting Policies	3 Months Ended
Significant Accounting Policies	Mar. 31, 2021
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies For a further discussion of the Company's accounting policies, refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2020. Basis of Presentation – The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with the instructions to Form 10-Q. As permitted by the rules and regulations of the United States Securities and Exchange Commission, the unaudited condensed consolidated financial statements contain certain condensed financial information and exclude certain footnote disclosures normally included in audited consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The accompanying condensed consolidated financial statements are unaudited and are prepared in accordance with U.S. GAAP. In the opinion of the Company's management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, including normal recurring accruals, necessary to fairly present the accompanying unaudited condensed consolidated financial statements. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Company's annual report on Form 10-K for the year ended December 31, 2020. The December 31, 2020 Unaudited Condensed Consolidated Statement of Financial Condition data was derived from audited consolidated financial statements, but does not include all disclosures required by U.S. GAAP. Operating results for interim periods are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2021. The accompanying unaudited condensed 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. 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. Evercore LP is a VIE and the Company is the primary beneficiary. Specifically, the Company has the majority economic interest in Evercore LP and has decision making authority that significantly affects the economic performance of the entity while the limited partners have no kick-out or substantive participating rights. The assets and liabilities of Evercore LP represent substantially all of the consolidated assets and liabilities of the Company with the exception of U.S. corporate taxes and related items, which are presented on the Company's (Parent Company Only) Condensed Statements of Financial Condition in Note 25 to the Company's consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. Evercore ISI International Limited ("Evercore ISI U.K."), Evercore Partners International LLP ("Evercore U.K."), Evercore (Japan) Ltd. ("Evercore Japan"), Evercore Consulting (Beijing) Co. Ltd. ("Evercore Beijing") and Evercore Partners Canada Ltd. ("Evercore Canada") are also VIEs, and the Company is the primary beneficiary of these VIEs. Specifically for Evercore ISI U.K., Evercore Japan, Evercore Beijing and Evercore Canada (as of January 1, 2020 for Evercore Canada), the Company provides financial support through transfer pricing agreements with these entities, which exposes the Company to losses that are potentially significant to these entities, and has decision making authority that significantly affects the economic performance of these entities. The Company has the majority economic interest in Evercore U.K. and has decision making authority that significantly affects the economic performance of this entity. The Company included in its Unaudited Condensed Consolidated Statements of Financial Condition Evercore ISI U.K., Evercore U.K., Evercore Japan, Evercore Beijing and Evercore Canada assets of $343,806 and liabilities of $114,032 at March 31, 2021 and assets of $377,878 and liabilities of $164,779 at December 31, 2020. All intercompany balances and transactions with the Company's subsidiaries have been eliminated upon consolidation. Reclassifications: During the three months ended March 31, 2021, certain balances on the Unaudited Condensed Consolidated Statements of Operations in the prior period were reclassified to conform to their current presentation. Commissions and Related Revenue – The Company renamed "Commissions and Related Fees" to "Commissions and Related Revenue" on the Unaudited Condensed Consolidated Statements of Operations and reclassified $185 of principal trading gains and losses from the Company's institutional equities business from "Other Revenue, Including Interest and Investments" to "Commissions and Related Revenue" for the three months ended March 31, 2020. The prior period reclassifications from "Other Revenue, Including Interest and Investments" to "Commissions and Related Revenue" are as follows: for the three months ended March 31, 2020: $185; for the three months ended June 30, 2020: $215; for the three months ended September 30, 2020: $150; for the three months ended December 31, 2020: $375; for the three months ended March 31, 2019: ($2); for the three months ended June 30, 2019: $25; for the three months ended September 30, 2019: $320; for the three months ended December 31, 2019: $249.

Recent Accounting Pronouncements	3 Months Ended
Recent Accounting Pronouncements	Mar. 31, 2021
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements ASU 2019-12 – In December 2019, the Financial Accounting Standards Board ("FASB") issued ASU No. 2019-12, "Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes" ("ASU 2019-12"). ASU 2019-12 provides amendments to ASC 740, "Income Taxes" ("ASC 740") which simplify the accounting for income taxes by removing certain exceptions in ASC 740 and clarify and amend certain existing guidance. The amendments in this update are effective during interim and annual periods beginning after December 15, 2020, with early adoption permitted. The amendments on separate financial statements of legal entities that are not subject to tax should be applied on a retrospective basis for all periods presented, amendments on ownership changes of foreign equity method investments or foreign subsidiaries should be applied on a modified retrospective basis, with a cumulative-effect adjustment recorded through retained earnings as of the beginning of the period of adoption, and all other amendments should be applied prospectively. The Company adopted ASU 2019-12 on January 1, 2021. The adoption of ASU 2019-12 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto. ASU 2020-01 – In January 2020, the FASB issued ASU No. 2020-01, "Clarifying the Interactions Between Topic 321, 323, and Topic 815" ("ASU 2020-01"). ASU 2020-01 provides amendments to clarify the accounting for certain equity securities when the equity method of accounting is applied or discontinued and scope considerations related to forward contracts and purchased options on certain securities. The amendments in this update are effective during interim and annual periods beginning after December 15, 2020, with early adoption permitted. The Company adopted ASU 2020-01 on January 1, 2021. The adoption of ASU 2020-01 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto. ASU 2020-06 – In August 2020, the FASB issued ASU No. 2020-06, "Accounting for Convertible Instruments and Contracts in an Entity's Own Equity" ("ASU 2020-06"). ASU 2020-06 provides amendments to reduce the number of models used to account for convertible instruments and to simplify the accounting for contracts in an entity's own equity. ASU 2020-06 also provides amendments to diluted earnings per share calculations, which require entities to use the if-converted method for convertible instruments and to include the effect of potential share settlement from instruments that may be settled in cash or in shares. The amendments in this update are effective during interim and annual periods beginning after December 15, 2021, with early adoption permitted. The amendments should be applied using a modified or full retrospective transition method. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

Revenue

3 Months Ended

Mar. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Revenue and Accounts Receivable

The following table presents revenue recognized by the Company for the three months ended March 31, 2021 and 2020:


	For the Three Months Ended March 31,
	2021		2020
Investment Banking:

Advisory Fees	$	511,918	$	358,564

Underwriting Fees	79,257		21,118

Commissions and Related Revenue	53,526		55,566

Total Investment Banking	$	644,701	$	435,248

Investment Management:
Asset Management and Administration Fees:
Wealth Management	$	14,949	$	12,328
Institutional Asset Management	—		419

Total Investment Management	$	14,949	$	12,747

Contract Balances

The change in the Company’s contract assets and liabilities during the following periods primarily reflects timing differences between the Company’s performance and the client’s payment. The Company’s receivables, contract assets and deferred revenue (contract liabilities) for the three months ended March 31, 2021 and 2020 are as follows:


	For the Three Months Ended March 31, 2021
	Receivables (Current)(1)		Receivables (Long-term)(2)		Contract Assets (Current)(3)		Contract Assets (Long-term)(2)		Deferred Revenue (Current Contract Liabilities)(4)		Deferred Revenue (Long-term Contract Liabilities)(5)
Balance at January 1, 2021	$	368,346	$	70,975	$	29,327	$	5,283	$	9,373	$	147
Increase (Decrease)	(11,916)		(2,434)		(1,527)		(1,111)		3,791		—
Balance at March 31, 2021	$	356,430	$	68,541	$	27,800	$	4,172	$	13,164	$	147

	For the Three Months Ended March 31, 2020
	Receivables (Current)(1)		Receivables (Long-term)(2)		Contract Assets (Current)(3)		Contract Assets (Long-term)(2)		Deferred Revenue (Current Contract Liabilities)(4)		Deferred Revenue (Long-term Contract Liabilities)(5)
Balance at January 1, 2020	$	296,355	$	63,554	$	31,525	$	2,504	$	2,492	$	615
Increase (Decrease)	(48,910)		(3,968)		166		6,960		3,131		—
Balance at March 31, 2020	$	247,445	$	59,586	$	31,691	$	9,464	$	5,623	$	615

(1)Included in Accounts Receivable on the Unaudited Condensed Consolidated Statements of Financial Condition.

(2)Included in Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

(3)Included in Other Current Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

(4)Included in Other Current Liabilities on the Unaudited Condensed Consolidated Statements of Financial Condition.

(5)Included in Other Long-term Liabilities on the Unaudited Condensed Consolidated Statements of Financial Condition.

The Company's contract assets represent arrangements in which an estimate of variable consideration has been included in the transaction price and thereby recognized as revenue that precedes the contractual due date. Under ASC 606, "Revenue from Contracts with Customers" ("ASC 606"), revenue is recognized when all material conditions for completion have been met and it is probable that a significant revenue reversal will not occur in a future period.

The Company recognized revenue of $2,467 and $2,029 on the Unaudited Condensed Consolidated Statements of Operations for the three months ended March 31, 2021 and 2020, respectively, that was initially included in deferred revenue within Other Current Liabilities on the Company’s Unaudited Condensed Consolidated Statements of Financial Condition.

Generally, performance obligations under client arrangements will be settled within one year; therefore, the Company has elected to apply the practical expedient in ASC 606-10-50-14.

The allowance for credit losses for the three months ended March 31, 2021 and 2020 is as follows:


	For the Three Months Ended March 31,
	2021		2020
Beginning Balance(1)	$	5,372	$	9,191
Bad debt expense, net of reversals	(1,738)		474
Write-offs, foreign currency translation and other adjustments	(1,617)		(2,770)

Ending Balance	$	2,017	$	6,895

(1)Beginning Balance for the three months ended March 31, 2020 includes the cumulative-effect adjustment of $1,310, which reflects the increase in the Company's Allowance for Doubtful Accounts as a result of the use of the current expected credit loss model related to the adoption of ASU 2016-13 on January 1, 2020.

The change in the balance during the three months ended March 31, 2021 is primarily related to a decrease in the current period provision of expected credit losses, which is impacted by reversals of bad debt expense, as well as the change in the amount of receivables outstanding greater than 120 days at March 31, 2021, and the write-off of aged receivables.

For long-term accounts receivable and long-term contract assets, the Company monitors clients’ creditworthiness based on collection experience and other internal metrics. The following table presents the Company’s long-term accounts receivable and long-term contract assets from the Company's private and secondary fund advisory businesses as of March 31, 2021, by year of origination:


	Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Total



Long-term Accounts Receivable and Long-Term Contract Assets	$	12,420	$	42,303	$	12,238	$	5,353	$	399	$	72,713

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

Special Charges, Including Business Realignment Costs, and Intangible Asset Amortization	3 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
Acquisition and Transition Costs and Special Charges, Including Business Realignment Costs [Text Block]	Special Charges, Including Business Realignment Costs, and Intangible Asset Amortization Special Charges, Including Business Realignment Costs The Company recognized $23,676 for the three months ended March 31, 2020, as Special Charges, Including Business Realignment Costs. For the three months ended March 31, 2020, these costs included $22,127 for separation and transition benefits and related costs as a result of the Company's review of its operations, described below, and $1,549 related to the acceleration of depreciation expense for leasehold improvements and certain other fixed assets in conjunction with the expansion of the Company's headquarters in New York and the Company's business realignment initiatives. In 2020, the Company completed a review of its operations focused on markets, sectors and people which delivered lower levels of productivity in an effort to attain greater flexibility of operations and better position itself for future growth. This review generated reductions of 8% of the Company's headcount. See Note 15 for further information. Intangible Asset Amortization Expense associated with the amortization of intangible assets for Investment Management was $91 and $108 for the three months ended March 31, 2021 and 2020, respectively, included within Depreciation and Amortization expense on the Unaudited Condensed Consolidated Statements of Operations. Expense associated with the amortization of intangible assets for Investment Banking was $507 for the three months ended March 31, 2020, included within Depreciation and Amortization expense on the Unaudited Condensed Consolidated Statements of Operations.

Related Parties	3 Months Ended
Related Parties	Mar. 31, 2021
Related Party Transactions [Abstract]
Related Parties	Related Parties Investment Banking Revenue includes advisory fees earned from clients that have Senior Managing Directors and certain Senior Advisors and executives as a member of their Board of Directors of $5,612 for the three months ended March 31, 2021. Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition includes the long-term portion of loans receivable from certain employees of $8,693 and $10,159 as of March 31, 2021 and December 31, 2020, respectively. See Note 15 for further information.

Investment Securities and Certificates of Deposit

3 Months Ended

Mar. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Investment Securities and Certificates of Deposit

Investment Securities and Certificates of DepositThe Company's Investment Securities and Certificates of Deposit as of March 31, 2021 and December 31, 2020 were as follows:


	March 31, 2021								December 31, 2020
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Debt Securities	$	147,995	$	1	$	—	$	147,996	$	402,824	$	39	$	—	$	402,863
Equity Securities	2,621		2,055		—		4,676		666		—		73		593
Debt Securities Carried by Broker-Dealers	519,969		19		1		519,987		550,002		27		3		550,026
Investment Funds	109,268		17,313		—		126,581		87,612		19,742		—		107,354
Total Investment Securities (carried at fair value)	$	779,853	$	19,388	$	1	$	799,240	$	1,041,104	$	19,808	$	76	$	1,060,836

Certificates of Deposit (carried at contract value)							73,877								—

Total Investment Securities and Certificates of Deposit							$	873,117							$	1,060,836

Scheduled maturities of the Company's available-for-sale debt securities as of March 31, 2021 and December 31, 2020 were as follows:


	March 31, 2021				December 31, 2020
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	147,995	$	147,996	$	402,824	$	402,863



Total	$	147,995	$	147,996	$	402,824	$	402,863

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. Further, the securities are all U.S. Treasuries, and the Company has not incurred credit losses on its securities. As such, the Company does not consider these securities to be impaired at March 31, 2021 and has not recorded a credit allowance on these securities.

Debt Securities

Debt Securities are classified as available-for-sale securities within Investment Securities and Certificates of Deposit on the Unaudited Condensed Consolidated Statements of Financial Condition. These securities are stated at fair value with unrealized gains and losses included in Accumulated Other Comprehensive Income (Loss) and realized gains and losses included in earnings. The Company had net realized losses of ($11) and ($4) for the three months ended March 31, 2021 and 2020, respectively.

Equity Securities

Equity Securities are carried at fair value with changes in fair value recorded in Other Revenue, Including Interest and Investments, on the Unaudited Condensed Consolidated Statements of Operations. The Company had net realized and unrealized gains (losses) of $2,128 and ($334) for the three months ended March 31, 2021 and 2020, respectively.

Debt Securities Carried by Broker-Dealers

EGL and other broker-dealers invest in fixed income portfolios consisting primarily of U.S. Treasury bills, municipal bonds and other debt securities. At March 31, 2021 and December 31, 2020, this portfolio consisted solely of U.S. Treasury bills. These securities are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest and Investments, on the Unaudited Condensed Consolidated Statements of Operations, as required for broker-dealers in securities. The Company had net realized and unrealized losses of ($5) and ($634) for the three months ended March 31, 2021 and 2020, respectively.

Included in Investment Securities above at December 31, 2020, are $99,983 of U.S. Treasury bills purchased on December 31, 2020, which did not settle until January 4, 2021. As of December 31, 2020, the Company had a payable to the

broker for securities purchased of $99,983 recorded in Other Current Liabilities on the Unaudited Condensed Consolidated Statement of Financial Condition.

Investment Funds

The Company invests in a portfolio of exchange-traded funds as an economic hedge against the Company's deferred cash compensation program. See Note 15 for further information. These securities are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest and Investments, on the Unaudited Condensed Consolidated Statements of Operations. The Company had net realized and unrealized gains (losses) of $6,228 and ($13,019) for the three months ended March 31, 2021 and 2020, respectively.

The Company periodically enters into futures contracts as an economic hedge against the Company's deferred cash compensation program. See Note 16 for further information.

Certificates of Deposit

At March 31, 2021, the Company held certificates of deposit of $73,877 with certain banks with original maturities of four months or less when purchased.

Investments

3 Months Ended

Mar. 31, 2021

Investments [Abstract]

Investments

The Company's investments reported on the Unaudited Condensed Consolidated Statements of Financial Condition consist of investments in unconsolidated affiliated companies, other investments in private equity partnerships, equity securities in private companies and investments in G5 Holdings S.A. ("G5"), Glisco Manager Holdings LP and Trilantic Capital Partners ("Trilantic"). The Company's investments are relatively high-risk and illiquid assets.

The Company's investments in ABS Investment Management Holdings, LP and ABS Investment Management GP LLC (collectively, "ABS"), Atalanta Sosnoff Capital, LLC ("Atalanta Sosnoff") and Luminis Partners ("Luminis") are in voting interest entities. The Company's share of earnings (losses) on these investments is included within Income from Equity Method Investments on the Unaudited Condensed Consolidated Statements of Operations.

The Company also has investments in private equity partnerships which consist of investment interests in private equity funds which are voting interest entities. Realized and unrealized gains and losses on the private equity investments are included within Other Revenue, Including Interest and Investments, on the Unaudited Condensed Consolidated Statements of Operations.

Equity Method Investments

A summary of the Company's investments accounted for under the equity method of accounting as of March 31, 2021 and December 31, 2020 was as follows:



	March 31, 2021		December 31, 2020

ABS	$	40,983	$	41,439
Atalanta Sosnoff	11,888		11,950
Luminis	6,254		6,119
Total	$	59,125	$	59,508

ABS

On December 29, 2011, the Company made an investment accounted for under the equity method of accounting in ABS Investment Management, LLC. Effective as of September 1, 2018, ABS Investment Management, LLC underwent an internal reorganization pursuant to which the Company contributed its ownership interest in ABS Investment Management, LLC to ABS in exchange for ownership interests in ABS Investment Management Holdings LP and ABS Investment Management GP LLC. Taken together, the ownership interests in ABS Investment Management Holdings LP and ABS Investment Management GP LLC are substantially equivalent to the contributed ownership interests in ABS Investment Management, LLC. At March 31, 2021, the Company's economic ownership interest in ABS was 46%. This investment resulted in earnings of $2,195 and $2,020 for the three months ended March 31, 2021 and 2020, respectively, included within Income from Equity Method Investments on the Unaudited Condensed Consolidated Statements of Operations.

Atalanta Sosnoff

On December 31, 2015, the Company amended the Operating Agreement with Atalanta Sosnoff and deconsolidated its assets and liabilities, accounting for its interest under the equity method of accounting from that date forward. At March 31, 2021, the Company's economic ownership interest in Atalanta Sosnoff was 49%. This investment resulted in earnings of $660 and $572 for the three months ended March 31, 2021 and 2020, respectively, included within Income from Equity Method Investments on the Unaudited Condensed Consolidated Statements of Operations.

Luminis

On January 1, 2017, the Company acquired an interest in Luminis and accounted for its interest under the equity method of accounting. At March 31, 2021, the Company's ownership interest in Luminis was 20%. This investment resulted in earnings of $169 and $536 for the three months ended March 31, 2021 and 2020, respectively, included within Income from Equity Method Investments on the Unaudited Condensed Consolidated Statements of Operations.

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 of $79 for the three months ended March 31, 2021 and 2020.

The Company assesses its equity method investments for impairment annually, or more frequently if circumstances indicate impairment may have occurred.

Debt Security Investment

On December 31, 2017, the Company exchanged all of its outstanding equity interests in G5 for debentures of G5. The Company records its investment in G5 as a held-to-maturity debt security within Investments on the Unaudited Condensed Consolidated Statements of Financial Condition. The securities are mandatorily redeemable on December 31, 2027, or earlier, subject to the occurrence of certain events. The Company is accreting its investment to its redemption value ratably, or on an accelerated basis if certain revenue thresholds are met by G5, from December 31, 2017 to December 31, 2027. This investment is subject to currency translation from Brazilian real to the U.S. dollar, included in Other Revenue, Including Interest and Investments, on the Unaudited Condensed Consolidated Statements of Operations. This investment had a balance of $6,686 and $7,385 as of March 31, 2021 and December 31, 2020, respectively.

Investments in Private Equity

Private Equity Funds

The Company's investments related to private equity partnerships and associated entities include investments in Glisco Partners II, L.P. ("Glisco II"), Glisco Partners III, L.P. ("Glisco III"), Glisco Capital Partners IV ("Glisco IV"), Trilantic Capital Partners Associates IV, L.P. ("Trilantic IV"), Trilantic Capital Partners V, L.P. ("Trilantic V") and Trilantic Capital Partners VI (North America), L.P. ("Trilantic VI"). Portfolio holdings of the private equity funds are carried at fair value. Accordingly, the Company reflects its pro rata share of 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.

A summary of the Company's investments in the private equity funds as of March 31, 2021 and December 31, 2020 was as follows:



	March 31, 2021		December 31, 2020


Glisco II, Glisco III and Glisco IV	$	3,504	$	2,802


Trilantic IV, Trilantic V and Trilantic VI	9,535		9,293

Total Private Equity Funds	$	13,039	$	12,095

Net realized and unrealized gains (losses) on private equity fund investments were $39 and ($88) for the three months ended March 31, 2021 and 2020, respectively. In the event the funds perform poorly, the Company may be obligated to repay certain carried interest previously distributed. As of March 31, 2021, $752 of previously distributed carried interest received from the funds was subject to repayment.

General Partners of Private Equity Funds which are VIEs

Following the Glisco transaction, the Company concluded that Glisco Capital Partners II, Glisco Capital Partners III and Glisco Manager Holdings LP are VIEs and that the Company is not the primary beneficiary of these VIEs. The Company's assessment of the primary beneficiary of these entities included assessing which parties have the power to significantly impact the economic performance of these entities and the obligation to absorb losses, which could be potentially significant to the entities, or the right to receive benefits from the entities that could be potentially significant. Neither the Company nor its related parties will have the ability to make decisions that significantly impact the economic performance of these entities. Further, as a limited partner in these entities, the Company does not possess substantive participating rights. The Company had assets of $3,777 and $3,083 included in its Unaudited Condensed Consolidated Statements of Financial Condition at March 31, 2021 and December 31, 2020, respectively, related to these unconsolidated VIEs, representing the carrying value of the Company's investments in the entities. The Company's exposure to the obligations of these VIEs is generally limited to its investments in these entities. The Company's maximum exposure to loss as of March 31, 2021 and December 31, 2020 was $6,266 and $5,572, respectively, which represents the carrying value of the Company's investments in these VIEs, as well as any unfunded commitments to the current and future funds.

Investment in Trilantic Capital Partners

In 2010, the Company made a limited partnership investment in Trilantic in exchange for 500 Class A partnership units of Evercore LP ("Class A LP Units") having a fair value of $16,090. This investment gave the Company the right to invest in Trilantic's current and future private equity funds, beginning with Trilantic Fund IV. The Company accounts for this investment at its cost minus impairment, if any, plus or minus changes resulting from observable price changes. The Company allocates the cost of this investment to its investments in current and future Trilantic funds as the Company satisfies the capital calls of these funds. The Company bases this allocation on its expectation of Trilantic's future fundraising ability and performance. During the three months ended March 31, 2021, $5 and $183 of this investment was allocated to Trilantic Fund V and VI, respectively. From 2010 to 2020, $1,178, $5,164 and $3,125 of this investment was allocated to Trilantic Fund IV, V and VI, respectively. This investment had a balance of $6,435 and $6,623 as of March 31, 2021 and December 31, 2020, respectively. The Company has a $5,000 commitment to invest in Trilantic Fund V, of which $367 was unfunded at March 31, 2021. The Company also has a $12,000 commitment to invest in Trilantic Fund VI, of which $8,871 was unfunded at March 31, 2021.

Other Investments

In certain instances, the Company receives equity securities in private companies in exchange for advisory services. These investments, which had a balance of $688 and $683 as of March 31, 2021 and December 31, 2020, respectively, are accounted for at their cost minus impairment, if any, plus or minus changes resulting from observable price changes.

Following the Glisco transaction in 2016, the Company recorded an investment in Glisco Manager Holdings LP representing the fair value of the deferred consideration resulting from this transaction. This investment is accounted for at its cost minus impairment, if any, plus or minus changes resulting from observable price changes. The Company amortizes the balance of its investment as distributions are received related to the deferred consideration. This investment had a balance of $387 as of March 31, 2021 and December 31, 2020.

Leases

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Leases

Operating Leases – The Company leases office space under non-cancelable lease agreements, which expire on various dates through 2035. The lease terms include options to extend the lease when it is reasonably certain that the Company will exercise that option. 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. The Company does not have any leases with variable lease payments. Occupancy and Equipment Rental on the Unaudited Condensed Consolidated Statements of Operations includes operating lease cost for office space of $12,166 and $11,916 for the three months ended March 31, 2021 and 2020, respectively, and variable lease cost of $1,852 and $1,723 for the three months ended March 31, 2021 and 2020, respectively.

In conjunction with the lease of office space, the Company has entered into letters of credit in the amounts of $5,550 as of March 31, 2021 and December 31, 2020, which are secured by cash that is included in Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

The Company has entered into various operating leases for the use of office equipment (primarily computers, printers, copiers and other information technology related equipment). Occupancy and Equipment Rental on the Unaudited Condensed Consolidated Statements of Operations includes operating lease cost for office equipment of $1,507 and $1,196 for the three months ended March 31, 2021 and 2020, respectively.

The Company uses its secured incremental borrowing rate to determine the present value of its right-of-use assets and lease liabilities. The determination of an appropriate incremental borrowing rate requires significant assumptions and judgment. The Company's incremental borrowing rate was calculated based on the Company's recent debt issuances and current market conditions. The Company scales the rates appropriately depending on the life of the leases.

The Company incurred net operating cash outflows of $10,091 and $9,102 for the three months ended March 31, 2021 and 2020, respectively, related to its operating leases, which was net of cash received from lease incentives of $3,441 and $1,270 for the three months ended March 31, 2021 and 2020, respectively.

Other information as it relates to the Company's operating leases is as follows:


	For the Three Months Ended March 31,
	2021			2020
New Right-of-Use Assets obtained in exchange for new operating lease liabilities	$	1,864		$	81,133


	March 31, 2021			March 31, 2020
Weighted-average remaining lease term - operating leases	11.4 years			11.8 years
Weighted-average discount rate - operating leases	4.06		%	4.26		%

As of March 31, 2021, the maturities of the undiscounted operating lease liabilities for which the Company has commenced use are as follows:


2021 (April 1 through December 31)	$	40,390
2022	52,830
2023	37,584
2024	30,173
2025	32,672
Thereafter	245,611
Total lease payments	439,260
Less: Tenant Improvement Allowances	(10,695)
Less: Imputed Interest	(90,267)
Present value of lease liabilities	338,298
Less: Current lease liabilities	(43,654)
Long-term lease liabilities	$	294,644

In conjunction with the lease agreement to expand its headquarters at 55 East 52nd St., New York, New York, and lease agreements at certain other locations, the Company entered into leases for office space which have not yet commenced and thus are not yet included on the Company's Unaudited Condensed Consolidated Statements of Financial Condition as right-of-use assets and lease liabilities. The Company anticipates that it will take possession of these spaces by the end of 2023. These spaces will have lease terms of 3 to 13 years once the Company has taken possession. The additional future payments under these arrangements are $195,299 as of March 31, 2021.

The Company has also entered into agreements which provide for an option to take on additional office space at its 1 Stanhope Gate office in London, U.K. Under the terms of the agreement, the landlord has the option to require the Company to take on up to four additional floors, subject to the current tenant abandoning the space. During the three months ended March

31, 2021, the landlord provided notice to the Company that it intends to exercise this option. The Company anticipates that it will take possession of these floors during 2021. The approximate additional annual payments under this lease agreement are £1,325 and the lease term will end on March 24, 2027.

Fair Value Measurements

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Fair Value Measurements

ASC 820, "Fair Value Measurements and Disclosures" ("ASC 820") establishes a hierarchical 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 1 – Quoted prices are available in active markets for identical investments as of the reporting date. The type of investments included in Level 1 include listed equities, listed derivatives and treasury bills. As required by ASC 820, the Company does not adjust the quoted price for these investments, even in situations where the Company holds a large position and a sale could reasonably impact the quoted price.

Level 2 – 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 corporate bonds, municipal bonds and other debt securities held at March 31, 2021 and December 31, 2020 are based on prices provided by external pricing services.

Level 3 – 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 March 31, 2021 and December 31, 2020:


	March 31, 2021
	Level 1		Level 2		Level 3		Total
Debt Securities Carried by Broker-Dealers	$	519,987	$	—	$	—	$	519,987
Other Debt and Equity Securities(1)	155,577		3,995		—		159,572
Investment Funds	126,581		—		—		126,581


Total Assets Measured At Fair Value	$	802,145	$	3,995	$	—	$	806,140

	December 31, 2020
	Level 1		Level 2		Level 3		Total
Debt Securities Carried by Broker-Dealers	$	550,026	$	—	$	—	$	550,026
Other Debt and Equity Securities(1)	410,456		—		—		410,456
Investment Funds	107,354		—		—		107,354

Total Assets Measured At Fair Value	$	1,067,836	$	—	$	—	$	1,067,836

(1)Includes $6,900 and $7,000 of treasury bills and notes classified within Cash and Cash Equivalents on the Unaudited Condensed Consolidated Statements of Financial Condition as of March 31, 2021 and December 31, 2020, 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 carrying amount and estimated fair value of the Company's financial instrument assets and liabilities, which are not measured at fair value on the Unaudited Condensed Consolidated Statements of Financial Condition, are listed in the tables below.


			March 31, 2021
	Carrying		Estimated Fair Value
	Amount		Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and Cash Equivalents	$	403,948	$	403,948	$	—	$	—	$	403,948
Certificates of Deposit	73,877		—		73,877		—		73,877
Debt Security Investment	6,686		—		—		6,686		6,686

Receivables(1)	424,971		—		421,717		—		421,717
Contract Assets(2)	31,972		—		31,479		—		31,479
Receivable from Employees and Related Parties	23,074		—		23,074		—		23,074

Closely-held Equity Securities	688		—		—		688		688

Financial Liabilities:
Accounts Payable and Accrued Expenses	$	40,770	$	—	$	40,770	$	—	$	40,770

Payable to Employees and Related Parties	47,042		—		47,042		—		47,042

Notes Payable	376,491		—		388,391		—		388,391


			December 31, 2020
	Carrying		Estimated Fair Value
	Amount		Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and Cash Equivalents	$	822,598	$	822,598	$	—	$	—	$	822,598

Debt Security Investment	7,385		—		—		7,385		7,385

Receivables(1)	439,321		—		434,083		—		434,083
Contract Assets(2)	34,610		—		34,052		—		34,052
Receivable from Employees and Related Parties	23,593		—		23,593		—		23,593

Closely-held Equity Securities	683		—		—		683		683

Financial Liabilities:
Accounts Payable and Accrued Expenses	$	37,961	$	—	$	37,961	$	—	$	37,961

Payable to Employees and Related Parties	24,047		—		24,047		—		24,047
Notes Payable(3)	376,492		—		409,682		—		409,682

(1)Includes Accounts Receivable, as well as long-term receivables, which are included in Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

(2)Includes current and long-term contract assets included in Other Current Assets and Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

(3)Includes current and long-term Notes Payable included in Current Portion of Notes Payable and Notes Payable on the Unaudited Condensed Consolidated Statements of Financial Condition.

- Definition

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.

+ References + Details

Notes Payable

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Notes Payable

On March 30, 2016, the Company issued an aggregate of $170,000 of senior notes, including: $38,000 aggregate principal amount of its 4.88% Series A senior notes which were due March 30, 2021 (the "Series A Notes"), $67,000 aggregate principal amount of its 5.23% Series B senior notes due March 30, 2023 (the "Series B Notes"), $48,000 aggregate principal amount of its 5.48% Series C senior notes due March 30, 2026 (the "Series C Notes") and $17,000 aggregate principal amount of its 5.58% Series D senior notes due March 30, 2028 (the "Series D Notes" and together with the Series A Notes, the Series B Notes and the Series C Notes, the "2016 Private Placement Notes"), pursuant to a note purchase agreement (the "2016 Note Purchase Agreement") dated as of March 30, 2016, among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933.

In March 2021, the Company repaid the $38,000 aggregate principal amount of its Series A Notes.

Interest on the 2016 Private Placement Notes is payable semi-annually and the 2016 Private Placement Notes are guaranteed by certain of the Company's domestic subsidiaries. The Company may, at its option, prepay all, or from time to time any part of, the 2016 Private Placement Notes (without regard to Series), in an amount not less than 5% of the aggregate principal amount of the 2016 Private Placement Notes then outstanding at 100% of the principal amount thereof plus an applicable "make-whole amount." Upon the occurrence of a change of control, the holders of the 2016 Private Placement Notes will have the right to require the Company to prepay the entire unpaid principal amounts held by each holder of the 2016 Private Placement Notes plus accrued and unpaid interest to the prepayment date. The 2016 Note Purchase Agreement contains customary covenants, including financial covenants requiring compliance with a maximum leverage ratio, a minimum tangible net worth and a minimum interest coverage ratio, and customary events of default. As of March 31, 2021, the Company was in compliance with all of these covenants.

On August 1, 2019, the Company issued $175,000 and £25,000 of senior unsecured notes through private placement. These notes reflect a weighted average life of 12 years and a weighted average stated interest rate of 4.26%. These notes include: $75,000 aggregate principal amount of its 4.34% Series E senior notes due August 1, 2029 (the "Series E Notes"), $60,000 aggregate principal amount of its 4.44% Series F senior notes due August 1, 2031 (the "Series F Notes"), $40,000 aggregate principal amount of its 4.54% Series G senior notes due August 1, 2033 (the "Series G Notes") and £25,000 aggregate principal amount of its 3.33% Series H senior notes due August 1, 2033 (the "Series H Notes" and together with the Series E Notes, the Series F Notes and the Series G Notes, the "2019 Private Placement Notes"), each of which were issued pursuant to a note purchase agreement dated as of August 1, 2019 (the "2019 Note Purchase Agreement"), among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933.

Interest on the 2019 Private Placement Notes is payable semi-annually and the 2019 Private Placement Notes are guaranteed by certain of the Company's domestic subsidiaries. The Company may, at its option, prepay all, or from time to time any part of, the 2019 Private Placement Notes (without regard to Series), in an amount not less than 5% of the aggregate principal amount of the 2019 Private Placement Notes then outstanding at 100% of the principal amount thereof plus an applicable "make-whole amount." Upon the occurrence of a change of control, the holders of the 2019 Private Placement Notes will have the right to require the Company to prepay the entire unpaid principal amounts held by each holder of the 2019 Private Placement Notes plus accrued and unpaid interest to the prepayment date. The 2019 Note Purchase Agreement contains customary covenants, including financial covenants requiring compliance with a maximum leverage ratio and a minimum tangible net worth, and customary events of default. As of March 31, 2021, the Company was in compliance with all of these covenants.

On March 29, 2021, the Company issued an aggregate of $38,000 of senior notes, comprised of $38,000 aggregate principal amount of its 1.97% Series I senior notes due August 1, 2025 (the "Series I Notes" or the "2021 Private Placement Notes"), pursuant to a note purchase agreement (the "2021 Note Purchase Agreement") dated as of March 29, 2021, among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933.

Interest on the 2021 Private Placement Notes is payable semi-annually and the 2021 Private Placement Notes are guaranteed by certain of the Company's domestic subsidiaries. The Company may, at its option, prepay all, or from time to time any part of, the 2021 Private Placement Notes, in an amount not less than 5% of the aggregate principal amount of the 2021 Private Placement Notes then outstanding at 100% of the principal amount thereof plus an applicable "make-whole amount." Upon the occurrence of a change of control, the holders of the 2021 Private Placement Notes will have the right to require the Company to prepay the entire unpaid principal amounts held by each holder of the 2021 Private Placement Notes plus accrued and unpaid interest to the prepayment date. The 2021 Note Purchase Agreement contains customary covenants, including financial covenants requiring compliance with a maximum leverage ratio and a minimum tangible net worth, and customary events of default. As of March 31, 2021, the Company was in compliance with all of these covenants.

Notes Payable is comprised of the following as of March 31, 2021 and December 31, 2020:


				Carrying Value(a)

Note	Maturity Date	Effective Annual Interest Rate		March 31, 2021		December 31, 2020
Evercore Inc. 4.88% Series A Senior Notes	3/30/2021	5.16	%	$	—	$	37,974
Evercore Inc. 5.23% Series B Senior Notes	3/30/2023	5.44	%	66,733		66,702
Evercore Inc. 5.48% Series C Senior Notes	3/30/2026	5.64	%	47,665		47,651
Evercore Inc. 5.58% Series D Senior Notes	3/30/2028	5.72	%	16,862		16,858
Evercore Inc. 4.34% Series E Senior Notes	8/1/2029	4.46	%	74,329		74,325
Evercore Inc. 4.44% Series F Senior Notes	8/1/2031	4.55	%	59,451		59,449
Evercore Inc. 4.54% Series G Senior Notes	8/1/2033	4.64	%	39,631		39,627
Evercore Inc. 3.33% Series H Senior Notes	8/1/2033	3.42	%	34,175		33,906
Evercore Inc. 1.97% Series I Senior Notes	8/1/2025	2.20	%	37,645		—
Total				$	376,491	$	376,492
Less: Current Portion of Notes Payable				—		(37,974)
Notes Payable				$	376,491	$	338,518

(a)Carrying value has been adjusted to reflect the presentation of debt issuance costs as a direct reduction from the related liability.

Evercore Inc. Stockholders' Equity	3 Months Ended
Evercore Inc. Stockholders' Equity	Mar. 31, 2021
Equity [Abstract]
Evercore Inc. Stockholders' Equity	Evercore Inc. Stockholders' Equity Dividends – The Company's Board of Directors declared on April 27, 2021, a quarterly cash dividend of $0.68 per share, to the holders of record of shares of Class A common stock ("Class A Shares") as of May 28, 2021, which will be paid on June 11, 2021. During the three months ended March 31, 2021, the Company declared and paid dividends of $0.61 per share, totaling $25,394, and accrued deferred cash dividends on unvested restricted stock units ("RSUs"), totaling $3,411. During the three months ended March 31, 2021, the Company also paid deferred cash dividends of $12,020. Treasury Stock – During the three months ended March 31, 2021, the Company purchased 917 Class A Shares from employees at an average cost per share of $116.61, primarily for the net settlement of stock-based compensation awards, and 1,023 Class A Shares at an average cost per share of $125.00 pursuant to the Company's share repurchase program. The aggregate 1,940 Class A Shares were purchased at an average cost per share of $121.03, and the result of these purchases was an increase in Treasury Stock of $234,854 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2021. LP Units – During the three months ended March 31, 2021, 120 Evercore LP partnership units ("LP Units") were exchanged for Class A Shares, resulting in an increase to Common Stock and Additional Paid-In-Capital of $1 and $5,713, respectively, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2021. Accumulated Other Comprehensive Income (Loss) – As of March 31, 2021, Accumulated Other Comprehensive Income (Loss) on the Company's Unaudited Condensed Consolidated Statement of Financial Condition includes an accumulated Unrealized Gain (Loss) on Securities and Investments, net, and Foreign Currency Translation Adjustment Gain (Loss), net, of ($5,252) and ($3,145), respectively.

Noncontrolling Interest

3 Months Ended

Mar. 31, 2021

Noncontrolling Interest [Abstract]

Noncontrolling Interest

Noncontrolling InterestNoncontrolling Interest recorded in the unaudited condensed consolidated financial statements of the Company relates to the following approximate interests in certain consolidated subsidiaries, which are not owned by the Company. In circumstances where the governing documents of the entity to which the noncontrolling interest relates require special allocations of profits or losses to the controlling and noncontrolling interest holders, the net income or loss of these entities is allocated based on these special allocations.


	March 31,
	2021		2020
Subsidiary:
Evercore LP	11	%	11	%
Evercore Wealth Management ("EWM")(1)	23	%	21	%

Real Estate Capital Advisory ("RECA")(2)	38	%	38	%

(1) Noncontrolling Interests represent a blended rate for multiple classes of interests in EWM.

(2) Noncontrolling Interests represent the Class R Interests of Private Capital Advisory L.P.

The Noncontrolling Interests for Evercore LP, EWM and RECA have rights, in certain circumstances, to convert into Class A Shares.

Changes in Noncontrolling Interest for the three months ended March 31, 2021 and 2020 were as follows:


	For the Three Months Ended March 31,
	2021		2020
Beginning balance	$	258,428	$	256,534

Comprehensive Income:
Net Income Attributable to Noncontrolling Interest	21,199		7,705
Other Comprehensive Income (Loss)	234		(1,909)
Total Comprehensive Income	21,433		5,796

Evercore LP Units Exchanged for Class A Shares	(5,714)		(33,171)

Amortization and Vesting of LP Units	3,096		3,311


Other Items:
Distributions to Noncontrolling Interests	(12,894)		(11,068)



Issuance of Noncontrolling Interest	1,107		30
Purchase of Noncontrolling Interest	(367)		(138)



Total Other Items	(12,154)		(11,176)

Ending balance	$	265,089	$	221,294

Other Comprehensive Income – Other Comprehensive Income (Loss) attributed to Noncontrolling Interest includes Unrealized Gain (Loss) on Securities and Investments, net, of $6 and ($141) for the three months ended March 31, 2021 and 2020, respectively, and Foreign Currency Translation Adjustment Gain (Loss), net, of $228 and ($1,768) for the three months ended March 31, 2021 and 2020, respectively.

LP Units Exchanged – During the three months ended March 31, 2021, 120 LP Units were exchanged for Class A Shares. This resulted in a decrease to Noncontrolling Interest of $5,714 and an increase to Additional-Paid-In-Capital of $5,713 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2021. See Note 12 for further information.

Interests Issued – During the first quarter of 2021, certain employees of EWM purchased EWM Class A Units, at fair value, resulting in an increase to Noncontrolling Interest of $975 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2021.

Interests Purchased – During the first quarter of 2021, the Company purchased, at fair value, an additional 1% of the EWM Class A Units for $3,170 (which was paid in cash in April 2021 and is included within Other Current Liabilities on the

Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2021). This purchase resulted in a decrease to Noncontrolling Interest of $344 and a decrease to Additional Paid-In-Capital of $2,826 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2021.

During the first quarter of 2020, the Company purchased, at fair value, an additional 1% of the EWM Class A Units for $1,703 (which was paid in cash of $852 during the three months ended June 30, 2020 and through the issuance of notes payable of $851, included within Other Current Liabilities on the Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2021). This purchase resulted in a decrease to Noncontrolling Interest of $138 and a decrease to Additional Paid-In-Capital of $1,565 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2020.

Net Income Per Share Attributable to Evercore Inc. Common Shareholders

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Net Income Per Share Attributable to Evercore Inc. Common Shareholders

The calculations of basic and diluted net income per share attributable to Evercore Inc. common shareholders for the three months ended March 31, 2021 and 2020 are described and presented below.


	For the Three Months Ended March 31,
	2021		2020
Basic Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Inc. common shareholders	$	144,352	$	31,175




Denominator:
Weighted average Class A Shares outstanding, including vested RSUs	41,364		39,992


Basic net income per share attributable to Evercore Inc. common shareholders	$	3.49	$	0.78
Diluted Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Inc. common shareholders	$	144,352	$	31,175
Noncontrolling interest related to the assumed exchange of LP Units for Class A Shares	(b)		(b)
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above	(b)		(b)


Diluted net income attributable to Evercore Inc. common shareholders	$	144,352	$	31,175
Denominator:
Weighted average Class A Shares outstanding, including vested RSUs	41,364		39,992
Assumed exchange of LP Units for Class A Shares(a)(b)	—		288
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	2,612		1,637
Shares that are contingently issuable(c)	480		400

Diluted weighted average Class A Shares outstanding	44,456		42,317


Diluted net income per share attributable to Evercore Inc. common shareholders	$	3.25	$	0.74

(a)The Company previously had outstanding Class J limited partnership units of Evercore LP ("Class J LP Units"), which converted into Class E limited partnership units of Evercore LP ("Class E LP Units") and ultimately became exchangeable into Class A Shares on a one-for-one basis. As of March 31, 2021 and 2020, no Class J LP Units remained issued or outstanding. See Note 15 for further information. During the three months ended March 31, 2020, the Class J LP Units were dilutive and consequently the effect of their exchange into Class A Shares has been included in the calculation of diluted net income per share attributable to Evercore Inc. common shareholders under the if-converted method. In computing this adjustment, the Company assumes that all Class J LP Units are converted into Class A Shares.

(b)The Company has outstanding Class A and E LP Units, which give the holders the right to receive Class A Shares upon exchange on a one-for-one basis. During the three months ended March 31, 2021 and 2020, the Class A and E LP Units were antidilutive and consequently the effect of their exchange into Class A Shares has been excluded from the calculation of diluted net income per share attributable to Evercore Inc. common shareholders. The units that would have been included in the denominator of the computation of diluted net income per share attributable to Evercore Inc. common shareholders if the effect would have been dilutive were 4,926 and 5,338 for the three months ended March 31, 2021 and 2020, respectively. The adjustment to the numerator, diluted net income attributable to Class A common shareholders, if the effect would have been dilutive, would have been $17,012 and $4,949 for the three months ended March 31, 2021 and 2020, respectively. In computing this adjustment, the Company assumes that all vested Class A LP Units and all Class E LP Units are converted into Class A Shares, that all earnings attributable to those shares are attributed to Evercore Inc. and that the Company is subject to the statutory tax rates of a C-Corporation under a conventional corporate tax structure in the U.S. at prevailing corporate tax rates. The Company does not anticipate that the Class A and E LP Units will result in a dilutive computation in future periods.

(c)The Company has outstanding Class I-P units of Evercore LP ("Class I-P Units") which are contingently exchangeable into Class I limited partnership units of Evercore LP ("Class I LP Units"), and ultimately Class A Shares, and outstanding Class K-P units of Evercore LP ("Class K-P Units") which are contingently exchangeable into Class K limited partnership units of Evercore LP ("Class K LP Units"), and ultimately Class A Shares, as they are subject to certain performance thresholds being achieved. For the purposes of calculating diluted net income per share attributable to Evercore Inc. common shareholders, the Company's Class I-P Units and Class K-P Units are included in diluted weighted average Class A Shares outstanding as of the beginning of the period in which all necessary performance conditions have been satisfied. If all necessary performance conditions have not been satisfied by the end of the period, the number of shares that are included in diluted weighted average Class A Shares outstanding is based on the number of shares that would be issuable if the end of the reporting period were the end of the performance period. The Units that were assumed to be converted to an equal number of Class A Shares for purposes of computing diluted net income per share attributable to Evercore Inc. common shareholders were 480 and 400 for the three months ended March 31, 2021 and 2020, 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

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Share-Based and Other Deferred Compensation

LP Units

Equities business – In conjunction with the acquisition of the operating businesses of International Strategy & Investment ("ISI") in 2014, the Company issued Evercore LP units and interests which have been treated as compensation.

In July 2017, the Company exchanged all of the previously outstanding 4,148 Class H limited partnership interests of Evercore LP ("Class H LP Interests") for 1,012 vested (963 of which were subject to certain liquidated damages and continued employment provisions) and 938 unvested Class J LP Units. These units converted into an equal amount of Class E LP Units, and became exchangeable into Class A Shares of the Company, ratably on February 15, 2018, 2019 and 2020. These Class J LP Units had the same vesting and delivery schedule, acceleration and forfeiture triggers, and distribution rights as the Class H LP Interests. In connection with this exchange, one share of Class B common stock has been issued to each holder of Class J LP Units, which entitles each holder to one vote on all matters submitted generally to holders of Class A and Class B common stock for each Class E LP Unit and Class J LP Unit held. As the number of Class J LP Units exchanged was within the number of Class H LP Interests that the Company determined were probable of being exchanged on the date of modification, the Company expensed the previously unrecognized grant date fair value of the Class H LP Interests ratably over the remaining vesting period of the Class J LP Units. Compensation expense related to the Class J LP Units was $1,067 for the three months ended March 31, 2020.

On February 15, 2020, 223 Class J LP Units vested and were converted to an equal amount of Class E LP Units. Following the conversion, no Class J LP Units remain issued and outstanding.

Other Performance-based Awards

Class I-P Units – In November 2016, the Company issued 400 Class I-P Units in conjunction with the appointment of a current Co-Chief Executive Officer (then Executive Chairman). These Class I-P Units convert into a specified number of Class

I LP Units, which are exchangeable on a one-for-one basis to Class A Shares, contingent on the achievement of certain market and service conditions, subject to vesting upon specified termination events (including retirement, upon satisfying certain eligibility criteria, on or following January 15, 2022, subject to a one year prior written notice requirement) or a change in control. These Class I-P Units are segregated into two groups of 200 units each, with share price threshold vesting conditions which are required to exceed a certain level for 20 consecutive trading days (which were met as of March 31, 2017). The Company determined the fair value of the award to be $24,412 and is expensing the award ratably over the implied service period, which ends on March 1, 2022. As the award contains market-based conditions, the entire expense will be recognized if the award does not vest for any reason other than the service conditions. Compensation expense related to this award was $1,236 and $1,152 for the three months ended March 31, 2021 and 2020, respectively.

Class K-P Units – In November 2017, the Company issued 64 Class K-P Units to an employee of the Company. These Class K-P Units convert into a specified number of Class K LP Units (which are exchangeable on a one-for-one basis to Class A Shares), contingent upon the achievement of certain defined benchmark results and continued service through December 31, 2021.

In June 2019, the Company issued 220 Class K-P Units to an employee of the Company. These Class K-P Units convert into a number of Class K LP Units (which are exchangeable on a one-for-one basis to Class A Shares), contingent and based upon the achievement of certain defined benchmark results and continued service through February 4, 2023 for the first tranche, which consists of 120 Class K-P Units convertible into a number of Class K LP Units, and February 4, 2028 for the second tranche, which consists of 100 Class K-P Units convertible into a number of Class K LP Units.

These Class K-P Units may convert into a maximum of 460 Class K LP Units, contingent upon the achievement of certain defined benchmarks and continued service, as described above. The Company determined the grant date fair value of these awards probable to vest as of March 31, 2021 to be $34,684, related to 403 Class K LP Units which were probable of achievement, and recognizes expense for these units over the respective service periods. Compensation expense related to the Class K-P Units was $1,860 and $1,093 for the three months ended March 31, 2021 and 2020, respectively.

Class L Interests – In April 2021, the Company's Board of Directors approved the issuance of Class L Interests in Evercore LP ("Class L Interests") to named executive officers of the Company, pursuant to which the named executive officers may receive a discretionary distribution of profits from Evercore LP, to be paid in the first quarter of 2022. Distributions pursuant to these interests are anticipated to be made in lieu of any cash incentive compensation payments which may otherwise have been made to the named executive officers of the Company in respect of their service for 2021.

Stock Incentive Plan

During 2020, the Company's stockholders approved the Amended and Restated 2016 Evercore Inc. Stock Incentive Plan (the "Amended 2016 Plan"), which amended the prior Amended and Restated 2016 Evercore Inc. Stock Incentive Plan. The Amended 2016 Plan, among other things, authorizes an additional 6,000 shares of the Company's Class A Shares. The Amended 2016 Plan permits the Company to grant to certain 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 Shares. The Company intends to use newly-issued Class A Shares to satisfy any awards under the Amended 2016 Plan and its predecessor plan. Class A Shares underlying any award granted under the Amended 2016 Plan that expire, terminate or are canceled or satisfied for any reason without being settled in stock again become available for awards under the plan. The total shares available to be granted in the future under the Amended 2016 Plan was 5,093 as of March 31, 2021.

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

The Company estimates forfeitures in the aggregate compensation cost to be amortized over the requisite service period of its awards. The Company periodically monitors its estimated forfeiture rate and adjusts its assumptions to the actual occurrence of forfeited awards. A change in estimated forfeitures is recognized through a cumulative adjustment in the period of the change.

Equity Grants

During the three months ended March 31, 2021, pursuant to the Amended 2016 Plan, the Company granted employees 1,983 RSUs that are Service-based Awards. Service-based Awards granted during the three months ended March 31, 2021 had grant date fair values of $111.03 to $124.61 per share, with an average value of $118.26 per share, for an aggregate fair value of $234,501, and generally vest ratably over four years. During the three months ended March 31, 2021, 2,074 Service-based Awards vested and 30 Service-based Awards were forfeited. Compensation expense related to Service-based Awards was $51,708 and $50,297 for the three months ended March 31, 2021 and 2020, respectively.

Deferred Cash

Deferred Cash Compensation Program - The Company's deferred cash compensation program provides participants the ability to elect to receive a portion of their deferred compensation in cash, which is indexed to notional investment portfolios selected by the participant and vests ratably over four years and requires payment upon vesting. The Company granted $96,511 of deferred cash awards pursuant to the deferred cash compensation program during the first quarter of 2021.

Compensation expense related to the Company's deferred cash compensation program was $30,889 and $22,235 for the three months ended March 31, 2021 and 2020, respectively. As of March 31, 2021, the Company expects to pay an aggregate of $319,763 related to the Company's deferred cash compensation program at various dates through 2025 and total compensation expense related to these awards not yet recognized was $254,151. The weighted-average period over which this compensation cost is expected to be recognized is 30 months. Amounts due pursuant to this program are expensed over the service period of the award and are reflected in Accrued Compensation and Benefits, a component of current liabilities, on the Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2021.

Other Deferred Cash Awards - In November 2016, the Company granted a restricted cash award in conjunction with the appointment of a current Co-Chief Executive Officer (then Executive Chairman) with a target payment amount of $35,000, of which $11,000 vested on March 1, 2019, $6,000 vested on each of March 1, 2020 and 2021, and $6,000 is scheduled to vest on each of the next two anniversaries of March 1, 2021, provided that the current Co-Chief Executive Officer continues to remain employed through each such vesting date, subject to vesting upon specified termination events (including retirement, upon satisfying certain eligibility criteria, on or following May 1, 2019, subject to a six month prior written notice requirement) or a change in control. The Company had the discretion to increase (by an amount up to $35,000) or decrease (by an amount up to $8,750) the total amount payable under this award.

In 2017, the Company granted deferred cash awards of $29,500 to certain employees. These awards vest in five equal installments over the period ending June 30, 2022, subject to continued employment. The Company recognizes expense for these awards ratably over the vesting period.

In addition, the Company periodically grants deferred cash awards to certain employees. The Company recognizes expense for these awards ratably over the vesting period.

Compensation expense related to other deferred cash awards was $3,341 and $3,345 for the three months ended March 31, 2021 and 2020, respectively.

Long-term Incentive Plan

The Company's Long-term Incentive Plan provides for incentive compensation awards to Advisory Senior Managing Directors, excluding executive officers of the Company, who exceed defined benchmark results over a four-year performance period beginning January 1, 2017 (the "2017 Long-term Incentive Plan"). Remaining amounts due pursuant to the 2017 Long-term Incentive Plan, which aggregate $48,451 of current liabilities and $27,200 of long-term liabilities on the Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2021, are due to be paid, in cash or Class A Shares, at the Company's discretion, in equal installments in the first quarter of 2022 and 2023, subject to employment at the time of payment. The performance period for the 2017 Long-term Incentive Plan ended on December 31, 2020 and the first cash distribution pursuant to this plan of $48,461 was made in March 2021. These awards are subject to retirement eligibility requirements after the performance criteria has been achieved. The Company periodically assesses the probability of the benchmarks being achieved and expenses the probable payout over the requisite service period of the award. During the first quarter of 2020, in assessing the potential impact of the COVID-19 pandemic on the Company's full year 2020 results, management determined it would be appropriate to decrease its expectation for the probable payout of this plan. This analysis included a review of both historical and projected performance for those eligible under the plan. As such, the Company

reversed $6,810 of expense for the three months ended March 31, 2020. The Company recorded $4,893 of expense for the three months ended March 31, 2021.

As of March 31, 2021, the total remaining expense to be recognized for the 2017 Long-term Incentive Plan over the future vesting period ending March 15, 2023 is $20,804.

In April 2021, the Company's Board of Directors approved the issuance of the 2021 Long-term Incentive Plan (the "2021 Long-term Incentive Plan"). Similar to the above arrangement, this plan provides for incentive compensation awards to Advisory Senior Managing Directors, excluding executive officers of the Company, who exceed defined benchmark results over a four-year performance period beginning in 2021. This plan is due to be paid, in cash or Class A Shares, at the Company's discretion, in three equal installments in the first quarter of 2025, 2026 and 2027, subject to employment at the time of payment.

Employee Loans Receivable

Periodically, the Company provides new and existing employees with cash payments in the form of loans and/or other cash awards which are subject to ratable vesting terms with service requirements ranging from one to five years and in certain circumstances, subject to the achievement of performance requirements. Generally, the terms of these awards include a requirement of either full or partial repayment of these awards based on the terms of their employment agreements with the Company. In circumstances where the employee meets the Company's minimum credit standards, the Company amortizes these awards to compensation expense over the relevant service period, which is generally the period they are subject to forfeiture. Compensation expense related to these awards was $4,149 and $4,434 for the three months ended March 31, 2021 and 2020, respectively. The remaining unamortized amount of these awards was $30,645 as of March 31, 2021.

Separation and Transition Benefits

In 2020, the Company completed a review of operations focused on markets, sectors and people which delivered lower levels of productivity in an effort to attain greater flexibility of operations and better position itself for future growth. This review generated reductions of approximately 8% of the Company's headcount. In conjunction with the employment reductions, for the three months ended March 31, 2020, the Company incurred expenses related to separation benefits, stay arrangements and accelerated deferred cash compensation (together, the "Termination Costs") of $16,431 and the acceleration of the amortization of share-based payments previously granted to affected employees of $5,529 (related to 91 RSUs), each recorded in Special Charges, Including Business Realignment Costs, primarily within the Investment Banking segment, on the Company's Unaudited Condensed Consolidated Statements of Operations.

The following table presents the change in the Company's Termination Costs liability for the three months ended March 31, 2021 and 2020:


	For the Three Months Ended March 31,
	2021		2020
Beginning Balance	$	4,589	$	1,151
Termination Costs Incurred	287		16,431
Cash Benefits Paid	(2,472)		(5,683)
Non-Cash Charges	(25)		(435)
Ending Balance	$	2,379	$	11,464

In addition to the above Termination Costs incurred, for the three months ended March 31, 2021, the Company also incurred expenses related to the acceleration of the amortization of share-based payments previously granted to affected employees of $284 (related to 3 RSUs), recorded in Employee Compensation and Benefits, within the Investment Banking segment, on the Company's Unaudited Condensed Consolidated Statements of Operations.

Commitments and Contingencies

3 Months Ended

Mar. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

For a further discussion of the Company's commitments, refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2020.

Private Equity – As of March 31, 2021, the Company had unfunded commitments for capital contributions of $11,787 to 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.

Lines of Credit – On June 24, 2016, Evercore Partners Services East L.L.C. ("East") entered into a loan agreement with PNC Bank, National Association ("PNC") for a revolving credit facility in an aggregate principal amount of up to $30,000, to be used for working capital and other corporate activities. This facility is secured by East's accounts receivable and the proceeds therefrom, as well as certain assets of EGL, including certain of EGL's accounts receivable. In addition, the agreement contains certain reporting covenants, as well as certain debt covenants that prohibit East and the Company from incurring other indebtedness, subject to specified exceptions. The Company and its consolidated subsidiaries were in compliance with these covenants as of March 31, 2021. East amended this facility on October 30, 2020 such that, among other things, the interest rate provisions were modified to LIBOR plus 150 basis points and the maturity date was extended to October 31, 2022 (as amended, the "Existing PNC Facility").

On July 26, 2019, East entered into an additional loan agreement with PNC for a revolving credit facility in an aggregate principal amount of up to $20,000, to be used for working capital and other corporate activities. The facility is unsecured. In addition, the agreement contains certain reporting requirements and debt covenants consistent with the Existing PNC Facility. The Company and its consolidated subsidiaries were in compliance with these covenants as of March 31, 2021. On October 30, 2020, East amended this facility such that, among other things, the revolving credit facility has increased to an aggregate principal amount of $30,000. Drawings under this facility bear interest at LIBOR plus 180 basis points and the maturity date was extended to October 31, 2022. East is only permitted to borrow under this facility if there is no undrawn availability under the Existing PNC Facility and must repay indebtedness under this facility prior to repaying indebtedness under the Existing PNC Facility. There have been no drawings under this facility as of March 31, 2021.

In addition, EGL's clearing broker provides temporary funding for the settlement of securities transactions.

Other Commitments – The Company enters into commitments to pay contingent consideration related to certain of its acquisitions. The Company paid $270 and $81 of its commitment for contingent consideration related to its acquisition of Kuna & Co, KG during the three months ended March 31, 2021 and 2020, respectively. The contingent consideration was fully paid as of March 31, 2021.

Restricted Cash – The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the statements of financial condition that sum to the total of amounts shown in the Unaudited Condensed Consolidated Statements of Cash Flows:


	March 31,
	2021		2020
Cash and Cash Equivalents	$	410,848	$	584,598
Restricted Cash included in Other Assets	8,749		15,542
Total Cash, Cash Equivalents and Restricted Cash shown in the Statement of Cash Flows	$	419,597	$	600,140

Restricted Cash included in Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition primarily represents letters of credit which are secured by cash as collateral for the lease of office space and security deposits for certain equipment. The restrictions will lapse when the leases end. Restricted Cash as of March 31, 2020 also includes margin requirements for futures contracts.

Futures Contracts – In February 2020, the Company entered into four-month futures contracts on a stock index fund with a notional amount of $38,908, as an economic hedge against the Company's deferred cash compensation program. These contracts settled in June 2020. In accordance with ASC 815, "Derivatives and Hedging" ("ASC 815"), these contracts were carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest and Investments, on the Unaudited Condensed Consolidated Statements of Operations. The Company had net unrealized losses of ($9,228) for the three months ended March 31, 2020.

Foreign Exchange – On occasion, the Company enters into foreign currency exchange forward contracts as an economic hedge against exchange rate risk for foreign currency denominated accounts receivable in EGL. There were no foreign currency exchange forward contracts outstanding as of March 31, 2021.

ContingenciesIn 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, United Kingdom, German, Hong Kong, Singapore, Canadian, Dubai 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 determining whether any loss in connection with such matters is probable and whether the amount of such loss can be reasonably estimated, particularly in cases where claimants seek substantial or indeterminate damages or where investigations and proceedings are in the early stages, the Company cannot estimate the amount of such 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. Provisions for losses are established in accordance with ASC 450, "Contingencies" ("ASC 450") when warranted. Once established, such provisions are adjusted when there is more information available or when an event occurs requiring a change.

Regulatory Authorities	3 Months Ended
Regulatory Authorities	Mar. 31, 2021
Brokers and Dealers [Abstract]
Regulatory Authorities	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"). Under the Alternative Net Capital Requirement, EGL's minimum net capital requirement is $250. EGL's regulatory net capital as of March 31, 2021 and December 31, 2020 was $473,895 and $586,814, respectively, which exceeded the minimum net capital requirement by $473,645 and $586,564, 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 are in excess of their local capital adequacy requirements at March 31, 2021. Evercore Trust Company, N.A. ("ETC"), which is limited to fiduciary activities, is regulated by the Office of the Comptroller of the Currency ("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 maintain at least $5,000 in Tier 1 capital in ETC (or such other amount as the OCC may require) and maintain liquid assets in ETC in an amount at least equal to the greater of $3,500 or 180 days coverage of ETC's operating expenses. The Company was in compliance with the aforementioned agreements as of March 31, 2021.

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

+ References + Details

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company's Provision for Income Taxes was $31,681 and $13,551 for the three months ended March 31, 2021 and 2020, respectively. The effective tax rate was 16.1% and 25.8% for the three months ended March 31, 2021 and 2020, respectively. The effective tax rate reflects net excess tax benefits associated with the appreciation in the Company's share price upon vesting of employee share-based awards above the original grant price of $16,669 and $647 being recognized in the Company's Provision for Income Taxes for the three months ended March 31, 2021 and 2020, respectively, and resulted in a reduction in the effective tax rate of 8 and 1 percentage points for the three months ended March 31, 2021 and 2020, respectively. The effective tax rate for the three months ended March 31, 2021 and 2020 also reflects the effect of certain nondeductible expenses, including expenses related to Class J LP Units and Class I-P and K-P Units, as well as the noncontrolling interest associated with LP Units and other adjustments. Additionally, the Company is subject to the income tax effects associated with the global intangible low-taxed income ("GILTI") provisions in the period incurred. For the three months ended March 31, 2021 and 2020, no additional income tax expense associated with the GILTI provisions has been recognized and it is not expected to be material to the Company’s effective tax rate for the year. The Company reported a decrease in deferred tax assets of $13 associated with changes in Unrealized Gain (Loss) on Securities and Investments and a decrease of $638 associated with changes in Foreign Currency Translation Adjustment Gain (Loss), in Accumulated Other Comprehensive Income (Loss) for the three months ended March 31, 2021. The Company reported an increase in deferred tax assets of $284 associated with changes in Unrealized Gain (Loss) on Securities and Investments and an increase of $3,995 associated with changes in Foreign Currency Translation Adjustment Gain (Loss), in Accumulated Other Comprehensive Income (Loss) for the three months ended March 31, 2020.The Company classifies interest relating to tax matters and tax penalties as a component of income tax expense in its Unaudited Condensed Consolidated Statements of Operations. As of March 31, 2021, there were $376 of unrecognized tax benefits that, if recognized, $306 would affect the effective tax rate. The Company anticipates approximately $122 of unrecognized tax benefits may be recognized within a year, as a result of the lapse in the statute of limitations. Related to the unrecognized tax benefits, the Company accrued interest and penalties of $10 and $1, respectively, during the three months ended March 31, 2021.

- Definition

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.

+ References + Details

Segment Operating Results

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

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 placement services and commissions for agency-based equity trading services and equity research. Investment Management includes advising third-party investors in Institutional Asset Management and Wealth Management and interests in private equity funds which are not managed by the Company. The Company completed the sales of its ECB businesses in 2020. In addition, in 2020, the Company completed the transition of its advisory presence in Mexico to a strategic alliance relationship with a newly-formed independent strategic advisory firm founded by certain former employees.

The Company's segment information for the three months ended March 31, 2021 and 2020 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.

Other Revenue, net, included in each segment's Net Revenues includes the following:

•Interest income and income (losses) earned on investment securities, including the Company's investment funds and futures contracts which are used as an economic hedge against the Company's deferred cash compensation program, certificates of deposit, cash and cash equivalents and on the Company’s debt security investment in G5

•Adjustments to amounts due pursuant to the Company’s tax receivable agreement, subsequent to its initial establishment, related to changes in enacted tax rates

•Gains (losses) resulting from foreign currency fluctuations

•Realized and unrealized gains and losses on interests in Private Equity funds which are not managed by the Company

•Interest expense associated with the Company’s Notes Payable and lines of credit, as well as revenue and expenses associated with repurchase or resale transactions (prior to the sale of the Company's ECB business in December 2020)

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, execution, clearing and custody fees, 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, technology, human capital, facilities management and senior management activities.

Other Expenses include the following:

•Amortization of LP Units and Certain Other Awards – Includes amortization costs associated with the vesting of Class J LP Units issued in conjunction with the acquisition of ISI and certain other related awards.

•Special Charges, Including Business Realignment Costs – Includes expenses in 2020 related to separation and transition benefits and related costs as a result of the Company's review of its operations and the acceleration of depreciation expense for leasehold improvements and certain other fixed assets in conjunction with the previously announced expansion of the Company's headquarters in New York and the Company's business realignment initiatives.

•Acquisition and Transition Costs – Includes costs incurred in connection with acquisitions, divestitures and other ongoing business development initiatives, primarily comprised of professional fees for legal and other services.

•Intangible Asset and Other Amortization – Includes amortization of intangible assets and other purchase accounting-related amortization associated with certain acquisitions.

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

No client accounted for more than 10% of the Company's Consolidated Net Revenues for the three months ended March 31, 2021.

The following information presents each segment's contribution.


	For the Three Months Ended March 31,
	2021		2020
Investment Banking
Net Revenues(1)	$	647,285	$	413,656
Operating Expenses	456,526		339,795
Other Expenses(2)	7		25,226
Operating Income	190,752		48,635
Income from Equity Method Investments	169		536
Pre-Tax Income	$	190,921	$	49,171
Identifiable Segment Assets	$	2,576,598	$	2,070,887
Investment Management
Net Revenues(1)	$	15,025	$	13,351
Operating Expenses	11,569		12,651
Other Expenses(2)	—		32
Operating Income	3,456		668
Income from Equity Method Investments	2,855		2,592
Pre-Tax Income	$	6,311	$	3,260
Identifiable Segment Assets	$	149,315	$	150,665
Total
Net Revenues(1)	$	662,310	$	427,007
Operating Expenses	468,095		352,446
Other Expenses(2)	7		25,258
Operating Income	194,208		49,303
Income from Equity Method Investments	3,024		3,128
Pre-Tax Income	$	197,232	$	52,431
Identifiable Segment Assets	$	2,725,913	$	2,221,552

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


	For the Three Months Ended March 31,
	2021		2020
Investment Banking(A)	$	2,584	$	(21,592)
Investment Management	76		604
Total Other Revenue, net	$	2,660	$	(20,988)

(A)Investment Banking Other Revenue, net, includes interest expense on the Notes Payable of $4,570 and $4,842 for the three months ended March 31, 2021 and 2020, respectively.

(2)Other Expenses are as follows:


	For the Three Months Ended March 31,
	2021		2020
Investment Banking
Amortization of LP Units and Certain Other Awards	$	—	$	1,067


Special Charges, Including Business Realignment Costs	—		23,644

Acquisition and Transition Costs	7		8

Intangible Asset and Other Amortization	—		507
Total Investment Banking	7		25,226
Investment Management


Special Charges, Including Business Realignment Costs	—		32
Acquisition and Transition Costs	—		—

Total Investment Management	—		32
Total Other Expenses	$	7	$	25,258

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 located and managed in the following geographical areas:


	For the Three Months Ended March 31,
	2021		2020
Net Revenues:(1)
United States	$	460,648	$	365,400
Europe and Other	198,614		80,021
Latin America	388		2,574
Total	$	659,650	$	447,995

(1)Excludes Other Revenue, Including Interest and Investments, and Interest Expense.

The Company's total assets are located in the following geographical areas:



	March 31, 2021		December 31, 2020
Total Assets:
United States	$	2,245,175	$	2,862,343
Europe and Other	480,738		508,545

Total	$	2,725,913	$	3,370,888

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Significant Accounting Policies (Policies)	3 Months Ended
Significant Accounting Policies (Policies)	Mar. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation, Policy	Basis of Presentation – The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with the instructions to Form 10-Q. As permitted by the rules and regulations of the United States Securities and Exchange Commission, the unaudited condensed consolidated financial statements contain certain condensed financial information and exclude certain footnote disclosures normally included in audited consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The accompanying condensed consolidated financial statements are unaudited and are prepared in accordance with U.S. GAAP. In the opinion of the Company's management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, including normal recurring accruals, necessary to fairly present the accompanying unaudited condensed consolidated financial statements. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Company's annual report on Form 10-K for the year ended December 31, 2020. The December 31, 2020 Unaudited Condensed Consolidated Statement of Financial Condition data was derived from audited consolidated financial statements, but does not include all disclosures required by U.S. GAAP. Operating results for interim periods are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2021. The accompanying unaudited condensed 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. 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. Evercore LP is a VIE and the Company is the primary beneficiary. Specifically, the Company has the majority economic interest in Evercore LP and has decision making authority that significantly affects the economic performance of the entity while the limited partners have no kick-out or substantive participating rights. The assets and liabilities of Evercore LP represent substantially all of the consolidated assets and liabilities of the Company with the exception of U.S. corporate taxes and related items, which are presented on the Company's (Parent Company Only) Condensed Statements of Financial Condition in Note 25 to the Company's consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. Evercore ISI International Limited ("Evercore ISI U.K."), Evercore Partners International LLP ("Evercore U.K."), Evercore (Japan) Ltd. ("Evercore Japan"), Evercore Consulting (Beijing) Co. Ltd. ("Evercore Beijing") and Evercore Partners Canada Ltd. ("Evercore Canada") are also VIEs, and the Company is the primary beneficiary of these VIEs. Specifically for Evercore ISI U.K., Evercore Japan, Evercore Beijing and Evercore Canada (as of January 1, 2020 for Evercore Canada), the Company provides financial support through transfer pricing agreements with these entities, which exposes the Company to losses that are potentially significant to these entities, and has decision making authority that significantly affects the economic performance of these entities. The Company has the majority economic interest in Evercore U.K. and has decision making authority that significantly affects the economic performance of this entity. The Company included in its Unaudited Condensed Consolidated Statements of Financial Condition Evercore ISI U.K., Evercore U.K., Evercore Japan, Evercore Beijing and Evercore Canada assets of $343,806 and liabilities of $114,032 at March 31, 2021 and assets of $377,878 and liabilities of $164,779 at December 31, 2020. All intercompany balances and transactions with the Company's subsidiaries have been eliminated upon consolidation.
Reclassifications, Policy	Reclassifications: During the three months ended March 31, 2021, certain balances on the Unaudited Condensed Consolidated Statements of Operations in the prior period were reclassified to conform to their current presentation. Commissions and Related Revenue – The Company renamed "Commissions and Related Fees" to "Commissions and Related Revenue" on the Unaudited Condensed Consolidated Statements of Operations and reclassified $185 of principal trading gains and losses from the Company's institutional equities business from "Other Revenue, Including Interest and Investments" to "Commissions and Related Revenue" for the three months ended March 31, 2020. The prior period reclassifications from "Other Revenue, Including Interest and Investments" to "Commissions and Related Revenue" are as follows: for the three months ended March 31, 2020: $185; for the three months ended June 30, 2020: $215; for the three months ended September 30, 2020: $150; for the three months ended December 31, 2020: $375; for the three months ended March 31, 2019: ($2); for the three months ended June 30, 2019: $25; for the three months ended September 30, 2019: $320; for the three months ended December 31, 2019: $249

Revenue (Tables)

3 Months Ended

Mar. 31, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table presents revenue recognized by the Company for the three months ended March 31, 2021 and 2020:


	For the Three Months Ended March 31,
	2021		2020
Investment Banking:

Advisory Fees	$	511,918	$	358,564

Underwriting Fees	79,257		21,118

Commissions and Related Revenue	53,526		55,566

Total Investment Banking	$	644,701	$	435,248

Investment Management:
Asset Management and Administration Fees:
Wealth Management	$	14,949	$	12,328
Institutional Asset Management	—		419

Total Investment Management	$	14,949	$	12,747

Contract with Customer, Asset and Liability [Table Text Block]


	For the Three Months Ended March 31, 2021
	Receivables (Current)(1)		Receivables (Long-term)(2)		Contract Assets (Current)(3)		Contract Assets (Long-term)(2)		Deferred Revenue (Current Contract Liabilities)(4)		Deferred Revenue (Long-term Contract Liabilities)(5)
Balance at January 1, 2021	$	368,346	$	70,975	$	29,327	$	5,283	$	9,373	$	147
Increase (Decrease)	(11,916)		(2,434)		(1,527)		(1,111)		3,791		—
Balance at March 31, 2021	$	356,430	$	68,541	$	27,800	$	4,172	$	13,164	$	147

	For the Three Months Ended March 31, 2020
	Receivables (Current)(1)		Receivables (Long-term)(2)		Contract Assets (Current)(3)		Contract Assets (Long-term)(2)		Deferred Revenue (Current Contract Liabilities)(4)		Deferred Revenue (Long-term Contract Liabilities)(5)
Balance at January 1, 2020	$	296,355	$	63,554	$	31,525	$	2,504	$	2,492	$	615
Increase (Decrease)	(48,910)		(3,968)		166		6,960		3,131		—
Balance at March 31, 2020	$	247,445	$	59,586	$	31,691	$	9,464	$	5,623	$	615

(1)Included in Accounts Receivable on the Unaudited Condensed Consolidated Statements of Financial Condition.

(2)Included in Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

(3)Included in Other Current Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

(4)Included in Other Current Liabilities on the Unaudited Condensed Consolidated Statements of Financial Condition.

(5)Included in Other Long-term Liabilities on the Unaudited Condensed Consolidated Statements of Financial Condition.

Accounts Receivable, Allowance for Credit Loss [Table Text Block]

The allowance for credit losses for the three months ended March 31, 2021 and 2020 is as follows:


	For the Three Months Ended March 31,
	2021		2020
Beginning Balance(1)	$	5,372	$	9,191
Bad debt expense, net of reversals	(1,738)		474
Write-offs, foreign currency translation and other adjustments	(1,617)		(2,770)

Ending Balance	$	2,017	$	6,895

Accounts Receivable, Noncurrent, Credit Quality Indicator [Table Text Block]


	Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Total



Long-term Accounts Receivable and Long-Term Contract Assets	$	12,420	$	42,303	$	12,238	$	5,353	$	399	$	72,713

Investment Securities and Certificates of Deposit (Tables)

3 Months Ended

Mar. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Unrealized Gain (Loss) on Investments

The Company's Investment Securities and Certificates of Deposit as of March 31, 2021 and December 31, 2020 were as follows:


	March 31, 2021								December 31, 2020
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Debt Securities	$	147,995	$	1	$	—	$	147,996	$	402,824	$	39	$	—	$	402,863
Equity Securities	2,621		2,055		—		4,676		666		—		73		593
Debt Securities Carried by Broker-Dealers	519,969		19		1		519,987		550,002		27		3		550,026
Investment Funds	109,268		17,313		—		126,581		87,612		19,742		—		107,354
Total Investment Securities (carried at fair value)	$	779,853	$	19,388	$	1	$	799,240	$	1,041,104	$	19,808	$	76	$	1,060,836

Certificates of Deposit (carried at contract value)							73,877								—

Total Investment Securities and Certificates of Deposit							$	873,117							$	1,060,836

Investments Classified by Contractual Maturity Date

Scheduled maturities of the Company's available-for-sale debt securities as of March 31, 2021 and December 31, 2020 were as follows:


	March 31, 2021				December 31, 2020
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	147,995	$	147,996	$	402,824	$	402,863



Total	$	147,995	$	147,996	$	402,824	$	402,863

Investments (Tables)

3 Months Ended

Mar. 31, 2021

Other Equity Method Investments [Member]

Schedule of Equity Method Investments [Line Items]

Schedule of Equity Method Investments

A summary of the Company's investments accounted for under the equity method of accounting as of March 31, 2021 and December 31, 2020 was as follows:



	March 31, 2021		December 31, 2020

ABS	$	40,983	$	41,439
Atalanta Sosnoff	11,888		11,950
Luminis	6,254		6,119
Total	$	59,125	$	59,508

Private Equity Funds [Member]

Schedule of Equity Method Investments [Line Items]

Schedule of Equity Method Investments

A summary of the Company's investments in the private equity funds as of March 31, 2021 and December 31, 2020 was as follows:



	March 31, 2021		December 31, 2020


Glisco II, Glisco III and Glisco IV	$	3,504	$	2,802


Trilantic IV, Trilantic V and Trilantic VI	9,535		9,293

Total Private Equity Funds	$	13,039	$	12,095

Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Supplemental Operating Lease Information [Table Text Block]

Other information as it relates to the Company's operating leases is as follows:


	For the Three Months Ended March 31,
	2021			2020
New Right-of-Use Assets obtained in exchange for new operating lease liabilities	$	1,864		$	81,133


	March 31, 2021			March 31, 2020
Weighted-average remaining lease term - operating leases	11.4 years			11.8 years
Weighted-average discount rate - operating leases	4.06		%	4.26		%

Maturities of Undiscounted Operating Lease Liabilities

As of March 31, 2021, the maturities of the undiscounted operating lease liabilities for which the Company has commenced use are as follows:


2021 (April 1 through December 31)	$	40,390
2022	52,830
2023	37,584
2024	30,173
2025	32,672
Thereafter	245,611
Total lease payments	439,260
Less: Tenant Improvement Allowances	(10,695)
Less: Imputed Interest	(90,267)
Present value of lease liabilities	338,298
Less: Current lease liabilities	(43,654)
Long-term lease liabilities	$	294,644

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

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 March 31, 2021 and December 31, 2020:


	March 31, 2021
	Level 1		Level 2		Level 3		Total
Debt Securities Carried by Broker-Dealers	$	519,987	$	—	$	—	$	519,987
Other Debt and Equity Securities(1)	155,577		3,995		—		159,572
Investment Funds	126,581		—		—		126,581


Total Assets Measured At Fair Value	$	802,145	$	3,995	$	—	$	806,140

	December 31, 2020
	Level 1		Level 2		Level 3		Total
Debt Securities Carried by Broker-Dealers	$	550,026	$	—	$	—	$	550,026
Other Debt and Equity Securities(1)	410,456		—		—		410,456
Investment Funds	107,354		—		—		107,354

Total Assets Measured At Fair Value	$	1,067,836	$	—	$	—	$	1,067,836

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


			March 31, 2021
	Carrying		Estimated Fair Value
	Amount		Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and Cash Equivalents	$	403,948	$	403,948	$	—	$	—	$	403,948
Certificates of Deposit	73,877		—		73,877		—		73,877
Debt Security Investment	6,686		—		—		6,686		6,686

Receivables(1)	424,971		—		421,717		—		421,717
Contract Assets(2)	31,972		—		31,479		—		31,479
Receivable from Employees and Related Parties	23,074		—		23,074		—		23,074

Closely-held Equity Securities	688		—		—		688		688

Financial Liabilities:
Accounts Payable and Accrued Expenses	$	40,770	$	—	$	40,770	$	—	$	40,770

Payable to Employees and Related Parties	47,042		—		47,042		—		47,042

Notes Payable	376,491		—		388,391		—		388,391


			December 31, 2020
	Carrying		Estimated Fair Value
	Amount		Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and Cash Equivalents	$	822,598	$	822,598	$	—	$	—	$	822,598

Debt Security Investment	7,385		—		—		7,385		7,385

Receivables(1)	439,321		—		434,083		—		434,083
Contract Assets(2)	34,610		—		34,052		—		34,052
Receivable from Employees and Related Parties	23,593		—		23,593		—		23,593

Closely-held Equity Securities	683		—		—		683		683

Financial Liabilities:
Accounts Payable and Accrued Expenses	$	37,961	$	—	$	37,961	$	—	$	37,961

Payable to Employees and Related Parties	24,047		—		24,047		—		24,047
Notes Payable(3)	376,492		—		409,682		—		409,682

(1)Includes Accounts Receivable, as well as long-term receivables, which are included in Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

(2)Includes current and long-term contract assets included in Other Current Assets and Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

(3)Includes current and long-term Notes Payable included in Current Portion of Notes Payable and Notes Payable on the Unaudited Condensed Consolidated Statements of Financial Condition.

Notes Payable (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Schedule of Debt

Notes Payable is comprised of the following as of March 31, 2021 and December 31, 2020:


				Carrying Value(a)

Note	Maturity Date	Effective Annual Interest Rate		March 31, 2021		December 31, 2020
Evercore Inc. 4.88% Series A Senior Notes	3/30/2021	5.16	%	$	—	$	37,974
Evercore Inc. 5.23% Series B Senior Notes	3/30/2023	5.44	%	66,733		66,702
Evercore Inc. 5.48% Series C Senior Notes	3/30/2026	5.64	%	47,665		47,651
Evercore Inc. 5.58% Series D Senior Notes	3/30/2028	5.72	%	16,862		16,858
Evercore Inc. 4.34% Series E Senior Notes	8/1/2029	4.46	%	74,329		74,325
Evercore Inc. 4.44% Series F Senior Notes	8/1/2031	4.55	%	59,451		59,449
Evercore Inc. 4.54% Series G Senior Notes	8/1/2033	4.64	%	39,631		39,627
Evercore Inc. 3.33% Series H Senior Notes	8/1/2033	3.42	%	34,175		33,906
Evercore Inc. 1.97% Series I Senior Notes	8/1/2025	2.20	%	37,645		—
Total				$	376,491	$	376,492
Less: Current Portion of Notes Payable				—		(37,974)
Notes Payable				$	376,491	$	338,518

(a)Carrying value has been adjusted to reflect the presentation of debt issuance costs as a direct reduction from the related liability.

Noncontrolling Interest (Tables)

3 Months Ended

Mar. 31, 2021

Noncontrolling Interest [Abstract]

Schedule of Noncontrolling Interest


	March 31,
	2021		2020
Subsidiary:
Evercore LP	11	%	11	%
Evercore Wealth Management ("EWM")(1)	23	%	21	%

Real Estate Capital Advisory ("RECA")(2)	38	%	38	%

(1) Noncontrolling Interests represent a blended rate for multiple classes of interests in EWM.

(2) Noncontrolling Interests represent the Class R Interests of Private Capital Advisory L.P.

Changes in Noncontrolling Interest

Changes in Noncontrolling Interest for the three months ended March 31, 2021 and 2020 were as follows:


	For the Three Months Ended March 31,
	2021		2020
Beginning balance	$	258,428	$	256,534

Comprehensive Income:
Net Income Attributable to Noncontrolling Interest	21,199		7,705
Other Comprehensive Income (Loss)	234		(1,909)
Total Comprehensive Income	21,433		5,796

Evercore LP Units Exchanged for Class A Shares	(5,714)		(33,171)

Amortization and Vesting of LP Units	3,096		3,311


Other Items:
Distributions to Noncontrolling Interests	(12,894)		(11,068)



Issuance of Noncontrolling Interest	1,107		30
Purchase of Noncontrolling Interest	(367)		(138)



Total Other Items	(12,154)		(11,176)

Ending balance	$	265,089	$	221,294

Net Income Per Share Attributable to Evercore Inc. Common Shareholders (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Income Per Share

The calculations of basic and diluted net income per share attributable to Evercore Inc. common shareholders for the three months ended March 31, 2021 and 2020 are described and presented below.


	For the Three Months Ended March 31,
	2021		2020
Basic Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Inc. common shareholders	$	144,352	$	31,175




Denominator:
Weighted average Class A Shares outstanding, including vested RSUs	41,364		39,992


Basic net income per share attributable to Evercore Inc. common shareholders	$	3.49	$	0.78
Diluted Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Inc. common shareholders	$	144,352	$	31,175
Noncontrolling interest related to the assumed exchange of LP Units for Class A Shares	(b)		(b)
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above	(b)		(b)


Diluted net income attributable to Evercore Inc. common shareholders	$	144,352	$	31,175
Denominator:
Weighted average Class A Shares outstanding, including vested RSUs	41,364		39,992
Assumed exchange of LP Units for Class A Shares(a)(b)	—		288
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	2,612		1,637
Shares that are contingently issuable(c)	480		400

Diluted weighted average Class A Shares outstanding	44,456		42,317


Diluted net income per share attributable to Evercore Inc. common shareholders	$	3.25	$	0.74

Share-Based and Other Deferred Compensation (Tables)

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Restructuring and Related Costs [Table Text Block]

The following table presents the change in the Company's Termination Costs liability for the three months ended March 31, 2021 and 2020:


	For the Three Months Ended March 31,
	2021		2020
Beginning Balance	$	4,589	$	1,151
Termination Costs Incurred	287		16,431
Cash Benefits Paid	(2,472)		(5,683)
Non-Cash Charges	(25)		(435)
Ending Balance	$	2,379	$	11,464

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Restrictions on Cash and Cash Equivalents

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the statements of financial condition that sum to the total of amounts shown in the Unaudited Condensed Consolidated Statements of Cash Flows:


	March 31,
	2021		2020
Cash and Cash Equivalents	$	410,848	$	584,598
Restricted Cash included in Other Assets	8,749		15,542
Total Cash, Cash Equivalents and Restricted Cash shown in the Statement of Cash Flows	$	419,597	$	600,140

Segment Operating Results (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Information Regarding Operations By Segment

The following information presents each segment's contribution.


	For the Three Months Ended March 31,
	2021		2020
Investment Banking
Net Revenues(1)	$	647,285	$	413,656
Operating Expenses	456,526		339,795
Other Expenses(2)	7		25,226
Operating Income	190,752		48,635
Income from Equity Method Investments	169		536
Pre-Tax Income	$	190,921	$	49,171
Identifiable Segment Assets	$	2,576,598	$	2,070,887
Investment Management
Net Revenues(1)	$	15,025	$	13,351
Operating Expenses	11,569		12,651
Other Expenses(2)	—		32
Operating Income	3,456		668
Income from Equity Method Investments	2,855		2,592
Pre-Tax Income	$	6,311	$	3,260
Identifiable Segment Assets	$	149,315	$	150,665
Total
Net Revenues(1)	$	662,310	$	427,007
Operating Expenses	468,095		352,446
Other Expenses(2)	7		25,258
Operating Income	194,208		49,303
Income from Equity Method Investments	3,024		3,128
Pre-Tax Income	$	197,232	$	52,431
Identifiable Segment Assets	$	2,725,913	$	2,221,552

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


	For the Three Months Ended March 31,
	2021		2020
Investment Banking(A)	$	2,584	$	(21,592)
Investment Management	76		604
Total Other Revenue, net	$	2,660	$	(20,988)

(A)Investment Banking Other Revenue, net, includes interest expense on the Notes Payable of $4,570 and $4,842 for the three months ended March 31, 2021 and 2020, respectively.

(2)Other Expenses are as follows:


	For the Three Months Ended March 31,
	2021		2020
Investment Banking
Amortization of LP Units and Certain Other Awards	$	—	$	1,067


Special Charges, Including Business Realignment Costs	—		23,644

Acquisition and Transition Costs	7		8

Intangible Asset and Other Amortization	—		507
Total Investment Banking	7		25,226
Investment Management


Special Charges, Including Business Realignment Costs	—		32
Acquisition and Transition Costs	—		—

Total Investment Management	—		32
Total Other Expenses	$	7	$	25,258

Revenues Derived from Clients and Private Equity Funds by Geographical Areas

The Company's revenues were derived from clients located and managed in the following geographical areas:


	For the Three Months Ended March 31,
	2021		2020
Net Revenues:(1)
United States	$	460,648	$	365,400
Europe and Other	198,614		80,021
Latin America	388		2,574
Total	$	659,650	$	447,995

(1)Excludes Other Revenue, Including Interest and Investments, and Interest Expense.

Assets by Geographic Areas

The Company's total assets are located in the following geographical areas:



	March 31, 2021		December 31, 2020
Total Assets:
United States	$	2,245,175	$	2,862,343
Europe and Other	480,738		508,545

Total	$	2,725,913	$	3,370,888

Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Mar. 31, 2021
Significant Accounting Policies [Line Items]
Total Assets	$ 3,370,888			$ 2,221,552					$ 2,725,913
Total Liabilities	1,881,514								1,291,516
Revision of Prior Period, Reclassification, Adjustment \| Commissions and Related Revenue [Member]
Significant Accounting Policies [Line Items]
Revenue from Contract with Customer	375	$ 150	$ 215	$ 185	$ 249	$ 320	$ 25	$ (2)
Variable Interest Entity, Primary Beneficiary [Member]
Significant Accounting Policies [Line Items]
Total Assets	377,878								343,806
Total Liabilities	$ 164,779								$ 114,032

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (bb)
-URI http://asc.fasb.org/extlink&oid=121559654&loc=d3e5710-111685

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 25
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=116870748&loc=SL6758485-165988

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

+ Details

- Definition

Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 25
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=116870748&loc=SL6758485-165988

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (bb)
-URI http://asc.fasb.org/extlink&oid=121559654&loc=d3e5710-111685

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19-26)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121559654&loc=d3e5710-111685

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Investment Banking [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	$ 644,701	$ 435,248
Investment Banking [Member] \| Advisory Fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	511,918	358,564
Investment Banking [Member] \| Underwriting Fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	79,257	21,118
Investment Banking [Member] \| Commissions and Related Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	53,526	55,566
Investment Management [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	14,949	12,747
Investment Management [Member] \| Wealth Management [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	14,949	12,328
Investment Management [Member] \| Institutional Asset Management [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	$ 0	$ 419

- Definition

+ References

+ Details

Revenue - Contract Balances (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Contract with Customer, Asset, Net, Current [Roll Forward]
Contract with Customer, Receivable, Net, Current	$ 368,346	$ 296,355
Contract with Customer, Receivable, Current, Net Increase (Decrease)	(11,916)	(48,910)
Contract with Customer, Receivable, Net, Current	356,430	247,445
Contract with Customer, Asset, Gross, Current	29,327	31,525
Contract with Customer, Contract Asset, Current, Net Increase (Decrease)	(1,527)	166
Contract with Customer, Asset, Gross, Current	27,800	31,691
Contract with Customer, Asset, Net, Noncurrent [Roll Forward]
Contract with Customer, Receivable, Net, Noncurrent	70,975	63,554
Contract with Customer, Receivable, NonCurrent, Net Increase (Decrease)	(2,434)	(3,968)
Contract with Customer, Receivable, Net, Noncurrent	68,541	59,586
Contract with Customer, Asset, Gross, Noncurrent	5,283	2,504
Increase (Decrease) in Contract Receivables, Net	(1,111)	6,960
Contract with Customer, Asset, Gross, Noncurrent	4,172	9,464
Contract with Customer, Liability, Current [Roll Forward]
Contract with Customer, Liability, Current	9,373	2,492
Contract with Customer, Liability, Current, Net Increase (Decrease)	3,791	3,131
Contract with Customer, Liability, Current	13,164	5,623
Contract with Customer, Liability, Noncurrent [Roll Forward]
Contract with Customer, Liability, Noncurrent	147	615
Contract with Customer, Liability, Noncurrent, Net Increase (Decrease)	0	0
Contract with Customer, Liability, Noncurrent	$ 147	$ 615

Revenue - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest			$ (1,434,397)	$ (1,489,374)	$ (1,037,865)		$ (1,126,250)
Accounts Receivable, Allowances	$ 5,372	$ 6,895	2,017	5,372	6,895
Allowance for Credit Losses [Roll Forward]
Beginning Balance(1)	5,372
Bad Debt Expense	(1,738)	474
Write-offs, foreign currency translation and other adjustments	(1,617)	(2,770)
Ending Balance	$ 2,017	6,895
Retained Earnings [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest			$ (914,120)	$ (798,573)	$ (561,017)		(558,269)
Accounting Standards Update 2016-13 [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Allowances		9,191					$ 9,191
Allowance for Credit Losses [Roll Forward]
Beginning Balance(1)		$ 9,191
Accounting Standards Update 2016-13 [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member] \| Retained Earnings [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest						$ 1,310

- Definition

Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=115929471&loc=d3e21930-107793

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32136-110900

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 45
-Paragraph 23
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929471&loc=d3e21914-107793

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 10
-Section 65
-Paragraph 4
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121646688&loc=SL121648383-210437

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=108774443&loc=SL4568740-111683

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4I
-URI http://asc.fasb.org/extlink&oid=120409616&loc=SL4590271-111686

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (f)(1)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 45
-Paragraph 5
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929471&loc=d3e21711-107793

Reference 15: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=108774443&loc=SL4568447-111683

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (f)(1)
-URI http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333

Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(3)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 19: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 65
-Paragraph 8
-Subparagraph (d)(2)

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 65
-Paragraph 8
-Subparagraph (d)(3)

+ Details

Revenue - Long-Term Accounts Receivable and Contract Assets (Details) $ in Thousands	Mar. 31, 2021 USD ($)
Revenue from Contract with Customer [Abstract]
Accounts Receivable, Noncurrent, Originated in Current Fiscal Year	$ 12,420
Accounts Receivable, Noncurrent, Originated in Fiscal Year before Latest Fiscal Year	42,303
Accounts Receivable, Noncurrent, Originated Two Years before Latest Fiscal Year	12,238
Accounts Receivable, Noncurrent, Originated Three Years before Latest Fiscal Year	5,353
Accounts Receivable, Noncurrent, Originated Four Years before Latest Fiscal Year	399
Accounts Receivable, Noncurrent, Not Past Due	$ 72,713

Revenue - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Contract With Customer Liability Revenue Recognized That Was Initially Recorded As Deferred Revenue	$ 2,467	$ 2,029
Period in Which Performance Obligations Under Client Arrangements Settled	1 year
Contract with Customer, Asset, Threshold Period Past Due	120 days

Special Charges, Including Business Realignment Costs, and Intangible Asset Amortization (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Business Acquisition [Line Items]
Special Charges, Including Business Realignment Costs	$ 0	$ 23,676
Headcount Reductions (as a percent)			8.00%
Investment Banking [Member]
Business Acquisition [Line Items]
Special Charges, Including Business Realignment Costs	0	23,644
Amortization of Intangible Assets		507
Investment Management [Member]
Business Acquisition [Line Items]
Special Charges, Including Business Realignment Costs	0	32
Amortization of Intangible Assets	$ 91	108
Special Charges [Member]
Business Acquisition [Line Items]
Restructuring Charges		22,127
Accelerated Depreciation For Leasehold Improvements		$ 1,549

Related Parties Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Other Assets [Member]
Related Party Transaction [Line Items]
Due from Related Parties, Noncurrent	$ 8,693	$ 10,159
Investment Banking [Member] \| Director [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties	$ 5,612

Investment Securities and Certificates of Deposit - Amortized Cost and Estimated Fair Value of Investment Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	$ 147,995	$ 402,824
Debt Securities, Available-for-sale	147,996	402,863
Investment Securities, Amortized Cost Basis	779,853	1,041,104
Investment Securities, Accumulated Gross Unrealized Gain, before Tax	19,388	19,808
Investment Securities, Accumulated Gross Unrealized Loss, before Tax	1	76
Investment Securities	799,240	1,060,836
Certificates of Deposit, at Carrying Value	73,877	0
Investment Securities and Certificates of Deposit	873,117	1,060,836
Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	147,995	402,824
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	1	39
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	0	0
Debt Securities, Available-for-sale	147,996	402,863
Equity Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Equity Securities, FV-NI, Cost	2,621	666
Trading Securities, Accumulated Gross Unrealized Gain, before Tax	2,055	0
Trading Securities, Accumulated Gross Unrealized Loss, before Tax	0	73
Equity Securities, FV-NI	4,676	593
Debt Securities Carried by Broker-Dealers [Member]
Debt Securities, Available-for-sale [Line Items]
Trading Securities, Accumulated Gross Unrealized Gain, before Tax	19	27
Trading Securities, Accumulated Gross Unrealized Loss, before Tax	1	3
Debt Securities, Trading, Amortized Cost	519,969	550,002
Debt Securities, Trading	519,987	550,026
Investment Funds [Member]
Debt Securities, Available-for-sale [Line Items]
Equity Securities, FV-NI, Cost	109,268	87,612
Trading Securities, Accumulated Gross Unrealized Gain, before Tax	17,313	19,742
Trading Securities, Accumulated Gross Unrealized Loss, before Tax	0	0
Equity Securities, FV-NI	$ 126,581	$ 107,354

Investment Securities and Certificates of Deposit - Scheduled Maturities of Available-for-Sale Debt Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Due within one year, amortized cost	$ 147,995	$ 402,824
Debt Securities, Available-for-sale, Amortized Cost	147,995	402,824
Due within one year, fair value	147,996	402,863
Total, fair value	$ 147,996	$ 402,863

Investment Securities and Certificates of Deposit - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Schedule Of Marketable Securities [Line Items]
Other Payables to Broker-Dealers and Clearing Organizations			$ 99,983
Certificates of Deposit, at Carrying Value	$ 73,877		0
Certificates of Deposit
Schedule Of Marketable Securities [Line Items]
Cash and Cash Equivalents Maturity	4 months
Debt Securities [Member]
Schedule Of Marketable Securities [Line Items]
Investment Securities, Realized Gains (Losses)	$ (11)	$ (4)
Equity Securities [Member]
Schedule Of Marketable Securities [Line Items]
Investment Securities, Realized and Unrealized Gains (Losses)	2,128	(334)
Debt Securities Carried by Broker-Dealers [Member]
Schedule Of Marketable Securities [Line Items]
Investment Securities, Realized and Unrealized Gains (Losses)	(5)	(634)
Debt Securities, Trading	519,987		550,026
Debt Securities Carried by Broker-Dealers [Member] \| US Treasury Bill Securities [Member]
Schedule Of Marketable Securities [Line Items]
Debt Securities, Trading			$ 99,983
Investment Funds [Member]
Schedule Of Marketable Securities [Line Items]
Investment Securities, Realized and Unrealized Gains (Losses)	$ 6,228	$ (13,019)

Investments - Summary of Other Equity Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Equity Method Investment	$ 59,125	$ 59,508
ABS [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment	40,983	41,439
Atalanta Sosnoff [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment	11,888	11,950
Luminis [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment	$ 6,254	$ 6,119

Investments - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2010
Schedule of Investments [Line Items]
Income from Equity Method Investments	$ 3,024,000	$ 3,128,000
Net Realized and Unrealized Gains (Losses) on Private Equity Fund Investments	39,000	(88,000)
Previously Received Carried Interest Subject to Repayment	752,000
Total Assets	2,725,913,000	2,221,552,000	$ 3,370,888,000
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	$ 6,266,000		5,572,000
Issued LP Units (in shares)	0
Unfunded Commitments for Capital Contributions	$ 11,787,000
Equity Securities without Readily Determinable Fair Value, Amount	688,000		683,000
Variable Interest Entity, Not Primary Beneficiary [Member]
Schedule of Investments [Line Items]
Total Assets	3,777,000		3,083,000
Equity Method Investments [Member]
Schedule of Investments [Line Items]
Amortization of Intangible Assets	$ 79,000	79,000
ABS [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage	46.00%
Income from Equity Method Investments	$ 2,195,000	2,020,000
Atalanta Sosnoff [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage	49.00%
Income from Equity Method Investments	$ 660,000	572,000
Luminis [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage	20.00%
Income from Equity Method Investments	$ 169,000	$ 536,000
G5 [Member]
Schedule of Investments [Line Items]
Debt Securities, Held-to-maturity	6,686,000		7,385,000
Trilantic [Member]
Schedule of Investments [Line Items]
Issued LP Units (in shares)				500,000
Limited Partnership Investment				$ 16,090,000
Investment	6,435,000		6,623,000
Trilantic IV [Member]
Schedule of Investments [Line Items]
Investment			1,178,000
Trilantic V [Member]
Schedule of Investments [Line Items]
Investment	5,000		5,164,000
Capital Commitment	5,000,000
Unfunded Commitments for Capital Contributions	367,000
Trilantic VI [Member]
Schedule of Investments [Line Items]
Investment	183,000		3,125,000
Capital Commitment	12,000,000
Unfunded Commitments for Capital Contributions	8,871,000
Glisco [Member]
Schedule of Investments [Line Items]
Equity Securities without Readily Determinable Fair Value, Amount	$ 387,000		$ 387,000

Investments - Summary of Investments in Private Equity Funds (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	$ 59,125	$ 59,508
Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	13,039	12,095
Glisco II, III and IV [Member] \| Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	3,504	2,802
Trilantic IV, V and VI [Member] \| Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	$ 9,535	$ 9,293

Leases (Details) £ in Thousands, $ in Thousands	3 Months Ended
Leases (Details) £ in Thousands, $ in Thousands	Mar. 31, 2021 USD ($) Floor	Mar. 31, 2020 USD ($)	Mar. 31, 2021 GBP (£)	Dec. 31, 2020 USD ($)
Lessee, Lease, Description [Line Items]
Operating Lease, Cost	$ 12,166	$ 11,916
Variable Lease, Cost	1,852	1,723
Operating Lease, Payments	10,091	9,102
Operating Lease, Incentive Payments Received	3,441	1,270
Lessee, Additional Payments for Operating Leases Not Yet Commenced	$ 195,299
Minimum [Member]
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract	3 years		3 years
Maximum [Member]
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract	13 years		13 years
Office Equipment [Member]
Lessee, Lease, Description [Line Items]
Operating Lease, Cost	$ 1,507	$ 1,196
Building [Member]
Lessee, Lease, Description [Line Items]
Lessee, Additional Payments for Operating Leases Not Yet Commenced \| £			£ 1,325
Operating Lease Additional Floors \| Floor	4
Letter of Credit [Member]
Lessee, Lease, Description [Line Items]
Other Assets	$ 5,550			$ 5,550

Leases - Supplemental Operating Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 1,864	$ 81,133
Operating Lease, Weighted Average Remaining Lease Term	11 years 4 months 24 days	11 years 9 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	4.06%	4.26%

Leases - Maturities of Undiscounted Operating Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Leases [Abstract]
2021	$ 40,390
2022	52,830
2023	37,584
2024	30,173
2025	32,672
Thereafter	245,611
Total lease payments	439,260
Tenant Improvement Allowances	(10,695)
Imputed Interest	(90,267)
Operating Lease, Liability	338,298
Current Operating Lease Liabilities	(43,654)	$ (42,871)
Long-term Operating Lease Liabilities	$ 294,644	$ 300,275

Fair Value Measurements - Categorization of Investments and Certain Other Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 806,140	$ 1,067,836
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	802,145	1,067,836
Cash and Cash Equivalents	403,948	822,598
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	3,995	0
Cash and Cash Equivalents	0	0
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Cash and Cash Equivalents	0	0
Debt Securities Carried by Broker-Dealers [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	519,987	550,026
Debt Securities Carried by Broker-Dealers [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	519,987	550,026
Debt Securities Carried by Broker-Dealers [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Debt Securities Carried by Broker-Dealers [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Other Debt and Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	159,572	410,456
Other Debt and Equity Securities [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	155,577	410,456
Other Debt and Equity Securities [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	3,995	0
Other Debt and Equity Securities [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Investment Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	126,581	107,354
Investment Funds [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	126,581	107,354
Investment Funds [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Investment Funds [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Treasury Bills, Municipal Bonds and Commercial Paper [Member] \| Other Debt and Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents	$ 6,900	$ 7,000

Fair Value Measurements - Carrying Amount and Estimated Fair Value of Financial Instrument Assets and Liabilities which are Not Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Level 1 [Member]
Financial Assets:
Cash and Cash Equivalents	$ 403,948	$ 822,598
Certificates of Deposit, at Carrying Value	0
Receivables(1)	0	0
Contract Assets(2)	0	0
Receivable from Employees and Related Parties	0	0
Financial Liabilities:
Accounts Payable and Accrued Expenses	0	0
Payable to Employees and Related Parties	0	0
Notes Payable	0	0
Level 2 [Member]
Financial Assets:
Cash and Cash Equivalents	0	0
Certificates of Deposit, at Carrying Value	73,877
Receivables(1)	421,717	434,083
Contract Assets(2)	31,479	34,052
Receivable from Employees and Related Parties	23,074	23,593
Financial Liabilities:
Accounts Payable and Accrued Expenses	40,770	37,961
Payable to Employees and Related Parties	47,042	24,047
Notes Payable	388,391	409,682
Level 3 [Member]
Financial Assets:
Cash and Cash Equivalents	0	0
Certificates of Deposit, at Carrying Value	0
Receivables(1)	0	0
Contract Assets(2)	0	0
Receivable from Employees and Related Parties	0	0
Financial Liabilities:
Accounts Payable and Accrued Expenses	0	0
Payable to Employees and Related Parties	0	0
Notes Payable	0	0
Carrying Amount [Member]
Financial Assets:
Cash and Cash Equivalents	403,948	822,598
Certificates of Deposit, at Carrying Value	73,877
Receivables(1)	424,971	439,321
Contract Assets(2)	31,972	34,610
Receivable from Employees and Related Parties	23,074	23,593
Financial Liabilities:
Accounts Payable and Accrued Expenses	40,770	37,961
Payable to Employees and Related Parties	47,042	24,047
Notes Payable	376,491	376,492
Total [Member]
Financial Assets:
Cash and Cash Equivalents	403,948	822,598
Certificates of Deposit, at Carrying Value	73,877
Receivables(1)	421,717	434,083
Contract Assets(2)	31,479	34,052
Receivable from Employees and Related Parties	23,074	23,593
Financial Liabilities:
Accounts Payable and Accrued Expenses	40,770	37,961
Payable to Employees and Related Parties	47,042	24,047
Notes Payable	388,391	409,682
Held-to-maturity Securities [Member] \| Level 1 [Member]
Financial Assets:
Investments	0	0
Held-to-maturity Securities [Member] \| Level 2 [Member]
Financial Assets:
Investments	0	0
Held-to-maturity Securities [Member] \| Level 3 [Member]
Financial Assets:
Investments	6,686	7,385
Held-to-maturity Securities [Member] \| Carrying Amount [Member]
Financial Assets:
Investments	6,686	7,385
Held-to-maturity Securities [Member] \| Total [Member]
Financial Assets:
Investments	6,686	7,385
Equity Securities [Member] \| Level 1 [Member]
Financial Assets:
Investments	0	0
Equity Securities [Member] \| Level 2 [Member]
Financial Assets:
Investments	0	0
Equity Securities [Member] \| Level 3 [Member]
Financial Assets:
Investments	688	683
Equity Securities [Member] \| Carrying Amount [Member]
Financial Assets:
Investments	688	683
Equity Securities [Member] \| Total [Member]
Financial Assets:
Investments	$ 688	$ 683

Notes Payable - Additional Information (Details)		1 Months Ended	3 Months Ended
Notes Payable - Additional Information (Details)	Aug. 01, 2019 USD ($)	Mar. 31, 2021 USD ($)	Mar. 31, 2021	Mar. 29, 2021 USD ($)	Aug. 01, 2019 GBP (£)	Mar. 30, 2016 USD ($)
Debt Instrument [Line Items]
Minimum Repayment of Aggregate Principal Amount of Senior Notes (as a percent)			5.00%
Outstanding Principal Amount of Senior Notes (as a percent)			100.00%
Parent Company [Member] \| Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross				$ 38,000,000		$ 170,000,000
Long-term Debt, Weighted Average Life	12 years
Long-term Debt, Weighted Average Interest Rate, at Point in Time (as a percent)	4.26%				4.26%
Parent Company [Member] \| Senior Notes [Member] \| United States of America, Dollars
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 175,000,000
Parent Company [Member] \| Senior Notes [Member] \| United Kingdom, Pounds
Debt Instrument [Line Items]
Long-term Debt, Gross \| £					£ 25,000,000
Parent Company [Member] \| Series A Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross						$ 38,000,000
Debt Instrument, Interest Rate, Stated Percentage						4.88%
Repayments of Senior Debt		$ 38,000,000
Parent Company [Member] \| Series B Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross						$ 67,000,000
Debt Instrument, Interest Rate, Stated Percentage						5.23%
Parent Company [Member] \| Series C Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross						$ 48,000,000
Debt Instrument, Interest Rate, Stated Percentage						5.48%
Parent Company [Member] \| Series D Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross						$ 17,000,000
Debt Instrument, Interest Rate, Stated Percentage						5.58%
Parent Company [Member] \| Series E Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 75,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.34%				4.34%
Parent Company [Member] \| Series F Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 60,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.44%				4.44%
Parent Company [Member] \| Series G Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 40,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.54%				4.54%
Parent Company [Member] \| Series H Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross \| £					£ 25,000,000
Debt Instrument, Interest Rate, Stated Percentage	3.33%				3.33%
Parent Company [Member] \| Series I Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross				$ 38,000,000
Debt Instrument, Interest Rate, Stated Percentage				1.97%

Notes Payable - Schedule of Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 29, 2021	Dec. 31, 2020	Aug. 01, 2019	Mar. 30, 2016
Debt Instrument [Line Items]
Current Portion of Notes Payable	$ 0		$ (37,974)
Notes Payable	376,491		338,518
Senior Notes [Member]
Debt Instrument [Line Items]
Notes Payable	376,491		376,492
Current Portion of Notes Payable	0		(37,974)
Notes Payable	$ 376,491		338,518
Senior Notes [Member] \| Series A Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	5.16%
Carrying Value	$ 0		37,974
Senior Notes [Member] \| Series B Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	5.44%
Carrying Value	$ 66,733		66,702
Senior Notes [Member] \| Series C Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	5.64%
Carrying Value	$ 47,665		47,651
Senior Notes [Member] \| Series D Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	5.72%
Carrying Value	$ 16,862		16,858
Senior Notes [Member] \| Series E Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	4.46%
Carrying Value	$ 74,329		74,325
Senior Notes [Member] \| Series F Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	4.55%
Carrying Value	$ 59,451		59,449
Senior Notes [Member] \| Series G Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	4.64%
Carrying Value	$ 39,631		39,627
Senior Notes [Member] \| Series H Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	3.42%
Carrying Value	$ 34,175		33,906
Senior Notes [Member] \| Series I Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	2.20%
Carrying Value	$ 37,645		$ 0
Series A Senior Notes [Member] \| Parent Company [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					4.88%
Series B Senior Notes [Member] \| Parent Company [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					5.23%
Series C Senior Notes [Member] \| Parent Company [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					5.48%
Series D Senior Notes [Member] \| Parent Company [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					5.58%
Series E Senior Notes [Member] \| Parent Company [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				4.34%
Series F Senior Notes [Member] \| Parent Company [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				4.44%
Series G Senior Notes [Member] \| Parent Company [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				4.54%
Series H Senior Notes [Member] \| Parent Company [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				3.33%
Series I Senior Notes [Member] \| Parent Company [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		1.97%

Evercore Inc. Stockholders' Equity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended
	Apr. 27, 2021	Mar. 31, 2021
Temporary Equity [Line Items]
Dividends Declared Per Share of Class A Common Stock (in dollars per share)		$ 0.61
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)		$ 0.61
Declared and Paid Dividends, Cash		$ 25,394
Treasury Stock, Shares, Acquired (in shares)		1,940
Treasury Stock Acquired, Average Cost Per Share (in dollars per share)		$ 121.03
Increase in Treasury Stock		$ 234,854
LP Units Exchanged By Employees (in units)		120
Increase in Common Stock		$ 1
Adjustments to Additional Paid-In-Capital		5,713
Accumulated Unrealized Gain (Loss) on Securities and Investments		(5,252)
Foreign Currency Translation Adjustment Gain (Loss), Net		$ (3,145)
Share Repurchase Program [Member]
Temporary Equity [Line Items]
Treasury Stock, Shares, Acquired (in shares)		1,023
Treasury Stock Acquired, Average Cost Per Share (in dollars per share)		$ 125.00
Net Settlement of Share Based Awards [Member]
Temporary Equity [Line Items]
Treasury Stock, Shares, Acquired (in shares)		917
Treasury Stock Acquired, Average Cost Per Share (in dollars per share)		$ 116.61
Dividends Accrued [Member]
Temporary Equity [Line Items]
Accrued Deferred Cash Dividends		$ 3,411
Dividend Paid [Member]
Temporary Equity [Line Items]
Accrued Deferred Cash Dividends		$ 12,020
Subsequent Event [Member]
Temporary Equity [Line Items]
Dividends Declared Per Share of Class A Common Stock (in dollars per share)	$ 0.68

Noncontrolling Interest - Schedule of Noncontrolling Interest (Details)	Mar. 31, 2021	Mar. 31, 2020
Evercore LP [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)	11.00%	11.00%
Evercore Wealth Management [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)	23.00%	21.00%
Real Estate Capital Advisory [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)	38.00%	38.00%

Noncontrolling Interest - Changes In Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance	$ 258,428
Comprehensive Income:
Net Income Attributable to Noncontrolling Interest	21,199	$ 7,705
Total Comprehensive Income	21,433	5,796
Evercore LP Units Exchanged for Class A Shares	1,498	8,414
Total Other Items	(14,980)	(12,741)
Ending balance	265,089
Noncontrolling Interest [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance	258,428	256,534
Comprehensive Income:
Net Income Attributable to Noncontrolling Interest	21,199	7,705
Other Comprehensive Income (Loss)	234	(1,909)
Total Comprehensive Income	21,433	5,796
Evercore LP Units Exchanged for Class A Shares	(5,714)	(33,171)
Amortization and Vesting of LP Units	3,096	3,311
Distributions to Noncontrolling Interests	(12,894)	(11,068)
Issuance of Noncontrolling Interest	1,107	30
Purchase of Noncontrolling Interest	(367)	(138)
Total Other Items	(12,154)	(11,176)
Ending balance	$ 265,089	$ 221,294

Noncontrolling Interest - Additional Information (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020
Noncontrolling Interest [Line Items]
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Noncontrolling Interest	$ 6		$ (141)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Noncontrolling Interest	$ 228		(1,768)
LP Units Exchanged By Employees (in units)	120
Evercore LP Units Exchanged for Class A Shares	$ 1,498		8,414
Adjustments to Additional Paid-In-Capital	5,713
Evercore Wealth Management [Member]
Noncontrolling Interest [Line Items]
Adjustments to Additional Paid-In-Capital	(2,826)		$ (1,565)
Issuance of Noncontrolling Interest	$ 975
Noncontrolling Interest, Purchase Of Interest (as a percent)	1.00%		1.00%
Purchase Of Noncontrolling Interest	$ 3,170		$ 1,703
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	344		138
Evercore Wealth Management [Member] \| Cash [Member]
Noncontrolling Interest [Line Items]
Purchase Of Noncontrolling Interest		$ 852
Evercore Wealth Management [Member] \| Other Current Liabilities [Member]
Noncontrolling Interest [Line Items]
Purchase Of Noncontrolling Interest	3,170		851
Noncontrolling Interest [Member]
Noncontrolling Interest [Line Items]
Evercore LP Units Exchanged for Class A Shares	(5,714)		(33,171)
Issuance of Noncontrolling Interest	1,107		30
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	$ 367		$ 138

Net Income Per Share Attributable to Evercore Inc. Common Shareholders - Calculation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Basic Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Weighted average Class A Shares outstanding, including vested RSUs (in shares)	41,364	39,992
Basic net income per share attributable to Evercore Inc. common shareholders	$ 3.49	$ 0.78
Diluted Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Weighted average Class A Shares outstanding, including vested RSUs (in shares)	41,364	39,992
Diluted weighted average Class A Shares outstanding	44,456	42,317
Diluted net income per share attributable to Evercore Inc. common shareholders	$ 3.25	$ 0.74
Class A [Member]
Basic Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Net income attributable to Evercore Inc. common shareholders	$ 144,352	$ 31,175
Weighted average Class A Shares outstanding, including vested RSUs (in shares)	41,364	39,992
Basic net income per share attributable to Evercore Inc. common shareholders	$ 3.49	$ 0.78
Diluted Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Net income attributable to Evercore Inc. common shareholders	$ 144,352	$ 31,175
Noncontrolling interest related to the assumed exchange of LP Units for Class A Shares
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above
Diluted net income attributable to Evercore Inc. common shareholders	$ 144,352	$ 31,175
Weighted average Class A Shares outstanding, including vested RSUs (in shares)	41,364	39,992
Assumed exchange of LP Units for Class A Shares (in shares)	0	288
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 (in shares)	2,612	1,637
Shares that are contingently issuable (in shares)	480	400
Diluted weighted average Class A Shares outstanding	44,456	42,317
Diluted net income per share attributable to Evercore Inc. common shareholders	$ 3.25	$ 0.74

Net Income Per Share Attributable to Evercore Inc. Common Shareholders - Additional Information (Details) $ in Thousands	1 Months Ended	3 Months Ended
	Nov. 30, 2016	Mar. 31, 2021 USD ($) shares	Mar. 31, 2020 USD ($) shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Issued LP Units (in shares)		0
Class J LP Units [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Limited Partners' Capital Account, Units Outstanding		0
Class I-P and K-P Units [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Shares that are Contingently Issuable (in shares)		480,000	400,000
LP Units [Member] \| Class A and E LP Units [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share (in shares)		4,926,000	5,338,000
Adjustment to Diluted Net Income Attributable to Class A Common Shareholders if LP Units were Dilutive \| $		$ 17,012	$ 4,949
LP Units [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Limited Partnership Units Convertible Conversion Ratio	1	1

Share-Based and Other Deferred Compensation (Details) $ / shares in Units, $ in Thousands					1 Months Ended					3 Months Ended		12 Months Ended
	Mar. 01, 2021 USD ($)	Mar. 01, 2020 USD ($)	Feb. 15, 2020 shares	Mar. 01, 2019 USD ($)	Apr. 30, 2021 Installments	Jun. 30, 2019 shares	Nov. 30, 2017 shares	Jul. 31, 2017 vote shares	Nov. 30, 2016 USD ($) tranche Number_Of_Anniversaries shares	Mar. 31, 2021 USD ($) Installments $ / shares shares	Mar. 31, 2020 USD ($) shares	Dec. 31, 2020 shares	Dec. 31, 2017 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issued LP Units (in shares) \| shares										0
Headcount Reductions (as a percent)												8.00%
Severance Costs										$ 287	$ 16,431
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Units Related to Restructuring \| shares										3,000	91,000
Special Charges [Member] \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Severance Costs											$ 5,529
Special Charges [Member] \| Cash and Deferred Cash Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Severance Costs											16,431
Employee Compensation and Benefits \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Severance Costs										$ 284
LP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Limited Partnership Units Convertible Conversion Ratio									1	1
Amended Two Thousand Sixteen Stock Incentive Plan [Member] \| Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Additional Shares Authorized (in shares) \| shares												6,000,000
Number of Shares Available for Grant (in shares) \| shares										5,093,000
Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement Compensation Expense										$ 4,893	(6,810)
Deferred Compensation Arrangement with Individual, Distribution Paid										48,461
Long Term Incentive Plan [Member] \| Current Liabilities [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Recorded Liability										48,451
Long Term Incentive Plan [Member] \| Noncurrent Liabilities [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Recorded Liability										$ 27,200
Class J LP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Limited Partners' Capital Account, Units Outstanding \| shares										0
Class J LP Units [Member] \| Acquisition Related [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Vested During Period (in shares) \| shares			223,000
Limited Partners' Capital Account, Units Outstanding \| shares										0
Issued LP Units (in shares) \| shares										0
Class I-P Units [Member] \| Board of Directors Chairman [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense										$ 1,236	1,152
Grant of I-P Units (in units) \| shares									400,000
Retirement Notice Requirement									1 year
Number of Tranches of Class I-P Units \| tranche									2
Number of Class I-P Units in Each Tranche (in units) \| shares									200,000
Number of Consecutive Trading Days Required for Class I-P Units to Exceed Thresholds									20 days
Grant of I-P Units, Fair Value of Award									$ 24,412
Class K-P Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense										$ 1,860	1,093
Grant of K-P Units (in units) \| shares						220,000	64,000
K-P Units to be Granted Upon Achievement of Benchmarks (in units) \| shares										460,000
Grant of K-P Units, Fair Value of Award										$ 34,684
Class K Units Probable of Achievement (in units) \| shares										403,000
Class K-P Units [Member] \| Share-based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of K-P Units (in units) \| shares						120,000
Class K-P Units [Member] \| Share-based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of K-P Units (in units) \| shares						100,000
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award Vesting Period										4 years
Restricted Stock Units (RSUs) [Member] \| Amended Two Thousand Sixteen Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued During Period (in shares) \| shares										1,983,000
Weighted Average Grant Date Fair Value (in dollars per share) \| $ / shares										$ 118.26
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Nonvested										$ 234,501
Restricted Stock Units (RSUs) [Member] \| Amended Two Thousand Sixteen Stock Incentive Plan [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Grant Date Fair Value (in dollars per share) \| $ / shares										$ 111.03
Restricted Stock Units (RSUs) [Member] \| Amended Two Thousand Sixteen Stock Incentive Plan [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Grant Date Fair Value (in dollars per share) \| $ / shares										$ 124.61
Restricted Stock Units (RSUs) [Member] \| 2006 and 2016 Stock Incentive Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense										$ 51,708	50,297
Shares Vested During Period (in shares) \| shares										2,074,000
Shares Forfeited During Period (in shares) \| shares										30,000
Deferred Cash Compensation Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation, Vesting Period (in years)										4 years
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount										$ 96,511
Deferred Compensation Arrangement Compensation Expense										30,889	22,235
Deferred Compensation Arrangement with Individual, Recorded Liability										319,763
Deferred Compensation Arrangement with Individual, Compensation Cost Not Yet Recognized										$ 254,151
Deferred Compensation Arrangement With Individual, Total Compensation Cost Not Yet Recognized Period For Recognition										30 months
Restricted Cash Award [Member] \| Board of Directors Chairman [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Retirement Notice Requirement									6 months
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount									$ 35,000
Deferred Compensation Arrangement With Individual Cash Award Tranche One Vesting Amount				$ 11,000
Deferred Compensation Arrangement With Individual Cash Award Tranche Two Vesting Amount	$ 6,000	$ 6,000
Deferred Compensation Arrangement With Individual Cash Award Tranche Three Vesting Amount									$ 6,000
Awards Vesting Period \| Number_Of_Anniversaries									2
Restricted Cash Award [Member] \| Board of Directors Chairman [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount									$ 8,750
Restricted Cash Award [Member] \| Board of Directors Chairman [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount									$ 35,000
Other Deferred Cash [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount													$ 29,500
Deferred Compensation Arrangement Compensation Expense										$ 3,341	3,345
Deferred Compensation Arrangement with Individual, Number of Installments \| Installments										5
Employee Loans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement Compensation Expense										$ 4,149	4,434
Deferred Compensation Arrangement with Individual, Recorded Liability										$ 30,645
Employee Loans [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite Service Period (in years)										1 year
Employee Loans [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite Service Period (in years)										5 years
2017 Long-term Incentive Plan [Member] \| Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Compensation Cost Not Yet Recognized										$ 20,804
Long Term Incentive Plan Performance Period (in years)										4 years
2021 Long Term Incentive Plan \| Long Term Incentive Plan [Member] \| Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long Term Incentive Plan Performance Period (in years)					4 years
Number of Payment Installments \| Installments					3
Evercore ISI [Member] \| Class H LP Interests [Member] \| Acquisition Related [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Units Outstanding (in units) \| shares								4,148,000
Evercore ISI [Member] \| Class J LP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Number of Votes \| vote								1
Evercore ISI [Member] \| Class J LP Units [Member] \| Class B [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, New Issues \| shares								1
Evercore ISI [Member] \| Class J LP Units [Member] \| Acquisition Related [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense											$ 1,067
Evercore ISI [Member] \| Vested LP Units [Member] \| Class J LP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of LP Units (in units) \| shares								1,012,000
Evercore ISI [Member] \| Vested LP Units [Member] \| Class J LP Units [Member] \| Subject to Continued Employment [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of LP Units (in units) \| shares								963,000
Evercore ISI [Member] \| Unvested LP Units [Member] \| Class J LP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of LP Units (in units) \| shares								938,000

Share-Based and Other Deferred Compensation - Schedule of Changes in Termination Costs Liability (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 4,589	$ 1,151
Termination Costs Incurred	287	16,431
Cash Benefits Paid	(2,472)	(5,683)
Non-Cash Charges	(25)	(435)
Ending Balance	$ 2,379	$ 11,464

Commitments and Contingencies - Additional Information (Details)		3 Months Ended
	Oct. 30, 2020 USD ($)	Mar. 31, 2021 USD ($) contract	Mar. 31, 2020 USD ($)	Feb. 29, 2020 USD ($)	Jul. 26, 2019 USD ($)	Jun. 24, 2016 USD ($)
Other Commitments [Line Items]
Unfunded Commitments for Capital Contributions		$ 11,787,000
Cash Paid For Contingent Consideration		$ 270,000	$ 81,000
Derivative Asset, Notional Amount				$ 38,908,000
Derivative, Gain (Loss) on Derivative, Net			$ (9,228,000)
Number of Foreign Currency Derivatives Held \| contract		0
Secured Line of Credit [Member] \| PNC Bank [Member]
Other Commitments [Line Items]
Maximum Borrowing Capacity						$ 30,000,000
Secured Line of Credit [Member] \| PNC Bank [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Other Commitments [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Unsecured Line of Credit [Member] \| PNC Bank [Member]
Other Commitments [Line Items]
Maximum Borrowing Capacity	$ 30,000,000				$ 20,000,000
Short-Term Borrowings		$ 0
Unsecured Line of Credit [Member] \| PNC Bank [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Other Commitments [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.80%

- Commitments and Contingencies - Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Cash and Cash Equivalents	$ 410,848	$ 829,598	$ 584,598
Restricted Cash included in Other Assets	8,749		15,542
Total Cash, Cash Equivalents and Restricted Cash shown in the Statement of Cash Flows	$ 419,597	$ 838,224	$ 600,140	$ 643,886

Regulatory Authorities (Details) - USD ($)	3 Months Ended
Regulatory Authorities (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
EGL [Member]
Regulatory Authorities [Line Items]
Broker-Dealer, Minimum Net Capital Required, Alternative Standard	$ 250,000
Broker-Dealer, Net Capital	473,895,000	$ 586,814,000
Broker-Dealer, Excess Net Capital, Alternative Standard	473,645,000	$ 586,564,000
Evercore Trust Company [Member]
Regulatory Authorities [Line Items]
Tier One Capital	5,000,000
Minimum Liquid Assets, Amount	$ 3,500,000
Coverage of Operating Expenses (in days)	180 days

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2021
Income Taxes [Line Items]
Income Tax Expense (Benefit)	$ 31,681	$ 13,551
Effective Income Tax Rate	16.10%	25.80%
Effective Income Tax Rate Reconciliation, Tax Expense (Benefit), Share-based Payment Arrangement, Amount	$ (16,669)	$ (647)
Effective Income Tax Rate Reconciliation, ASU 2016-09 Benefit for Stock Compensation, Percent	8.00%	1.00%
Increase (Decrease) In Deferred Tax Assets Associated With Changes In Unrealized Gain Loss On Marketable Securities In Accumulated Other Comprehensive Income Loss	$ (13)	$ 284
Increase (Decrease) In Deferred Tax Assets Associated With Changes In Foreign Currency Translation Adjustment Gain Loss In Accumulated Other Comprehensive Income Loss	(638)	$ 3,995
Unrecognized Tax Benefits	376
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	306
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	10
Unrecognized Tax Benefits, Income Tax Penalties Accrued	$ 1
Forecast [Member]
Income Taxes [Line Items]
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations			$ 122

Segment Operating Results - Additional Information (Details)	3 Months Ended
	Mar. 31, 2021 segment
Segment Reporting [Abstract]
Number of reporting segments	2

Segment Operating Results (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net Revenues	$ 662,310	$ 427,007
Operating Expenses	468,095	352,446
Other Expenses	7	25,258
Income Before Income from Equity Method Investments and Income Taxes	194,208	49,303
Income from Equity Method Investments	3,024	3,128
Pre-Tax Income	197,232	52,431
Identifiable Segment Assets	2,725,913	2,221,552	$ 3,370,888
Investment Banking [Member]
Segment Reporting Information [Line Items]
Net Revenues	647,285	413,656
Operating Expenses	456,526	339,795
Other Expenses	7	25,226
Income Before Income from Equity Method Investments and Income Taxes	190,752	48,635
Income from Equity Method Investments	169	536
Pre-Tax Income	190,921	49,171
Identifiable Segment Assets	2,576,598	2,070,887
Investment Management [Member]
Segment Reporting Information [Line Items]
Net Revenues	15,025	13,351
Operating Expenses	11,569	12,651
Other Expenses	0	32
Income Before Income from Equity Method Investments and Income Taxes	3,456	668
Income from Equity Method Investments	2,855	2,592
Pre-Tax Income	6,311	3,260
Identifiable Segment Assets	$ 149,315	$ 150,665

Segment Operating Results - (Footnotes) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Other Revenue, net	$ 2,660	$ (20,988)
Special Charges, Including Business Realignment Costs	0	23,676
Acquisition and Transition Costs	7	8
Total Other Expenses	7	25,258
Investment Banking [Member]
Segment Reporting Information [Line Items]
Other Revenue, net	2,584	(21,592)
Interest expense on Notes Payable	4,570	4,842
Amortization of LP Units and Certain Other Awards	0	1,067
Special Charges, Including Business Realignment Costs	0	23,644
Acquisition and Transition Costs	7	8
Intangible Asset and Other Amortization	0	507
Total Other Expenses	7	25,226
Investment Management [Member]
Segment Reporting Information [Line Items]
Other Revenue, net	76	604
Special Charges, Including Business Realignment Costs	0	32
Acquisition and Transition Costs	0	0
Total Other Expenses	$ 0	$ 32

Segment Operating Results - Revenues Derived from Clients by Geographical Areas (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Net Revenues	$ 659,650	$ 447,995
United States [Member]
Segment Reporting Information [Line Items]
Net Revenues	460,648	365,400
Europe And Other [Member]
Segment Reporting Information [Line Items]
Net Revenues	198,614	80,021
Latin America [Member]
Segment Reporting Information [Line Items]
Net Revenues	$ 388	$ 2,574

Segment Operating Results - Assets by Geographic Area (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Segment Reporting Information [Line Items]
Total Assets	$ 2,725,913	$ 3,370,888	$ 2,221,552
United States [Member]
Segment Reporting Information [Line Items]
Total Assets	2,245,175	2,862,343
Europe And Other [Member]
Segment Reporting Information [Line Items]
Total Assets	$ 480,738	$ 508,545

- Definition

+ References

+ Details