Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Acquiring an Entertainment Practice Helps Downsized Firm
[Editor's Note: The economic downturn that began in 2008 has been called a "100-year flood" for the legal profession. Layoffs, downsizing and even disappearing firms became common as lawyers sought to survive. The entertainment bar looked for workable survival strategies, too, especially, for example, as the traditional business base of many music lawyers shrank along with the declining recording revenues of the digital era. This article focuses on a law firm that, with income shrinking, nevertheless increased its entertainment practice as a way to stabilize and grow.]
Five years ago, nearly 100 lawyers worked at Los Angeles-based Liner Grode Stein Yankelevitz Sunshine Regenstreif & Taylor (www.linerlaw.com), many of them specializing in big-ticket business litigation. Today, the firm's total headcount is nearly half that size. And its focus has shifted away from big cases toward contingent-fee and alternative-fee litigation.
Stuart Liner, the firm's co-founder and managing partner, says the change was part design, part economic. The downturn forced the firm to lay off a dozen lawyers, both partners and associates, and hold back on replacing departing ones. The firm went through a year-and-a-half of downsizing, beginning in late 2008 and ending in early 2010 with the layoffs. The result has been a renewed focus on hiring partners with large books of business, regardless of their practice area. One key addition was Stanton “Larry” Stein, who joined Liner Grode in 2009 and now heads the firm's entertainment and media litigation department, one of its busiest practices.
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
Yachts, Jets, Horses & Hooch: Specialized Commercial Leasing Models
Defining commercial real estate asset class is essentially a property explaining how it identifies — not necessarily what its original intention was or what others think it ought to be. This article discusses, from a general issue-spot and contextual analysis perspective, how lawyers ought to think about specialized leasing formats and the regulatory backdrops that may inform what the documentation needs to contain for compliance purposes.
Hyperlinked Documents: The Latest e-Discovery Challenge
As courts and discovery experts debate whether hyperlinked content should be treated the same as traditional attachments, legal practitioners are grappling with the technical and legal complexities of collecting, analyzing and reviewing these documents in real-world cases.
Identifying Your Practice's Differentiator
How to Convey Your Merits In a Way That Earns Trust, Clients and Distinctions Just as no two individuals have the exact same face, no two lawyers practice in their respective fields or serve clients in the exact same way. Think of this as a "Unique Value Proposition." Internal consideration about what you uniquely bring to your clients, colleagues, firm and industry can provide untold benefits for your law practice.
Risks and Ad Fraud Protection In Digital Advertising
The ever-evolving digital marketing landscape, coupled with the industry-wide adoption of programmatic advertising, poses a significant threat to the effectiveness and integrity of digital advertising campaigns. This article explores various risks to digital advertising from pixel stuffing and ad stacking to domain spoofing and bots. It will also explore what should be done to ensure ad fraud protection and improve effectiveness.
Turning Business Development Plans Into Reality
This article offers practical insights and best practices to navigate the path from roadmap to rainmaking, ensuring your business development efforts are not just sporadic bursts of activity, but an integrated part of your daily success.