What law firm wants to be seen in public with Donald Sterling? Well, let me rephrase the question: What law firm wants to be seen with Donald Sterling’s money?
Yeah, that’s what I thought. Sterling, a former ambulance chaser before his illustrious career as a slumlord and NBA owner, will not lack for legal representation. Hell, if black NBA players and coaches took Sterling’s money, can you imagine how positively thrilled the lawyers will be to do the same?
And Sterling has a bit of a case. Can a rich, racist white man be drummed out of his rich white man association just because he was illegally recorded being as racist as everybody already knew him to be? Really good lawyers will be happy to make that case.
For a fee. Will the notoriously cheap Sterling pony up for one of the best law firms in the country?
Earlier this week, two more partners announced their imminent departures from OMM: Ilan Nissan, former firmwide co-chair of the firm’s M&A and private equity practice, and Christian Nugent, also an M&A partner. Like several of the other O’Melveny defectors, Nissan and Nugent arrived at OMM’s New York office via O’Sullivan Graev & Karabell, the highly regarded corporate boutique that O’Melveny absorbed in 2002, in an effort to build its NYC transactional practice.
Nissan and Nugent will be joining the New York office of Dewey & LeBoeuf. A spokesperson for Dewey confirmed the news to ATL. (A spokesperson for O’Melveny declined to comment.)
In addition, readers brought to our attention two O’Melveny partner departures from this year that didn’t appear in our earlier list. Let’s take a look….
On Tuesday, we tuned in to the late night show debacle unfolding at NBC. On his show that night, Conan O’Brien shared insights about the lawyerly wranglings. From US Magazine:
“Hi, I’m Conan O’Brien, and I’m just three days away from the biggest drinking binge in history,” he said during Tuesday’s monologue. “I spent the afternoon at Universal Studios’ amusement park, enjoying their brand-new ride, the ‘Tunnel of Litigation.'”
Noting reports that he is legally prohibited from bad-mouthing the network behind the mess (Jay Leno is taking over O’Brien’s time slot after his prime time show was axed), O’Brien joked in his monologue Tuesday “Nobody said anything about speaking in Spanish.”
He then rails off an insult in Spanish which translates to: “NBC is run by brainless sons of goats who eat money and crap trouble.”
The final deal includes a payout of approximately $32.5 million for Mr. O’Brien and roughly $12 million for his staff, according a person familiar with the matter. The agreement will allow Mr. O’Brien to appear on another network beginning Sept. 1, the person said….
NBC, which is controlled by General Electric Co., will retain the rights to at least some of the comedic material from the show, according to people familiar with the matter. The deal also includes a non-disparagement clause, both for the 46-year-old comedian and NBC, and a provision that was said to bar or limit Mr. O’Brien from appearing on others’ shows for a period of time, according to people familiar with the negotiations.
Jay Leno gets to reclaim his 11:35 p.m. show starting March 1. Meanwhile, David Letterman is probably just happy that Leno and Conan are monopolizing the late night news cycle instead of his own legal troubles.
What impact will this $45-million ruffling of the Peacock Network’s feathers have on entertainment law practices?
Two experts opine on what this means for the entertainment law industry, and the major takeaway lesson for talent lawyers, after the jump.
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
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The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: