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Counsel Concerns: COVID-19's Impact On Sports Lawyers
The first domino to fall due to COVID-19 was the suspension of the NBA season. Shortly after, the NCAA Men's Basketball Tournament was nixed. MLB's spring training was shortened, then the season delayed, followed by the 2020 Summer Olympics in Tokyo being pushed to 2021.
While every industry is dealing with massive upheaval as a result of the COVID-19 pandemic, few are as visible as sports and entertainment. While many who practice in this area anticipate a slowdown in overall legal work, certain pockets of work are being pushed to the forefront, creating demand for the services these attorneys provide.
Steve Smith, managing partner of Bryan Cave Leighton Paisner's Colorado Springs, CO, office and partner in the firm's sports law practice, said he is anticipating a slowdown in work, but not a huge one. "I'm sort of expecting a bit of a downturn, but the nice thing of being in the legal profession is that if things are good, people are doing more deals," Smith said in an interview. "If things are down, they need help to make things work."
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