Bitter Attorney has determined that, hands down, the law gig on the planet is Entertainment attorney, after assessing every possible niche in the world. If you have to become a lawyer, practicing in Hollywood is, as our interviews with top entertainment attorneys Tara Kole and Carlos Goodman attest. And here are five numerous reasons why: 1. MONEYBIG MONEY – The players in the field make $5-10 million. Successful players make $1-5 million. Back in the year 2001, Forbes listed 3 amusement attorneys, and the attorneys. Allen Grubman: A 10 million for years. Harry Brittenham: a sincere $6.5 million. John Branca: $6.5 millionwhich is before you factor him becoming the secretary of Michael Jacksons estate this past year, which may lead to a constant ten percent of thinks MJ.
Difficult to argue with numbers like that. BILLABLE HOURS DONT EXIST – The reason why so much money is because they bill customers of the transaction these cats make. First and foremost, that means entertainment lawyers are not slaves to the clock. At $500\/hour, that would be $20, 000as compared to 5% of 40 million, or $2 million. Ask me, thats a hell of a business version. Anyone care to bet what amusement contracts lawyer Leigh Brecheen pulled for a months worth of work that finished with Conan OBrien walking around LA? Theyre definitely not complicated and involved as patent infringement trials or a company merger transaction.
Furthermore, entertainment transactions are essentially unregulated. Theres no existing statutory body, like the SEC or Federal Reserve Bank, breathing down your neck. Which means there are no filing deadlines or disclosure obligations. R-E-S-P-E-C-T – In Hollywood, amusement attorneys are treated much more like rock stars than fungible deal processors. The studios fear them, the agents depend on them, their customers reverence them. Which means these people actually walk around feeling good about themselves. Good luck finding that in BigLaw. Love, Actually. Entertainment attorneys marry movie stars. BigLaw litigators dont.