Randazza Legal Group about Entertainment Law: 8 Interesting Facts To Know by Marc Randazza
1. What does a typical day look like?
The typical day of an entertainment lawyer differs from the traditional lawyer’s routine. In general, the practice involves several areas of law; it includes a combination of intellectual property law, contracts, business associations, securities law, and labor and employment law. A lawyer normally concentrates on one entertainment industry sector — television, film production, etc.
Entertainment lawyers focus on the following tasks:
- Preparing and negotiating development and production contracts, and distribution deals;
- Working with financial agreements, loans, and investment documents;
- Reviewing contracts and analyzing a client’s rights.
2. Who deals with an entertainment lawyer?
Some entertainment attorneys work as a celebrity’s personal lawyer, but the majority of work with celebrities’ agents and managers.
These clients have a team of business and legal advisors which include agents, managers, and other attorneys.
In addition, entertainment attorneys work with studio and network executives, producers, financiers, and other lawyers.
3. Career
An entertainment attorney can be an in-house lawyer or work in a law firm.
New York and Los Angeles are the centers of the entertainment industry in the USA. These two cities have the highest concentrations of law firms that specialize in entertainment law.
Large television or music studios usually have their own in-house legal departments, staffed by relatively young attorneys. When these attorneys want to diversify their practice, they often seek a career in entertainment law firm.
4. Is this practice area spicy?
Experts say that entertainment law varies from mild to super-hot. Everything depends on your company’s business. If you are an in-house lawyer in a major company, you are probably dealing with well-known celebrity cases. But if you work for a smaller company, your work would be a combination of large and small cases.
New technology and developments in the entertainment industry lead to some new issues. Entertainment attorneys deal with new and interesting clients daily.
5. What dissatisfies lawyers?
Most entertainment lawyers love their job, but such issues like tight budgets and clients under pressure can make their work stressful.
6. What do lawyers love about their job?
The career of an entertainment attorney has many benefits. If you are a music or theater fan, you will enjoy helping creators with their projects. You become a public person who often attends premieres and entertainment awards shows.
7. What are your opportunities in entertainment law industry?
Mid-level associates often choose a career of an in-house lawyer in entertainment studios, networks and other providers. Working in-house allows them to review financial and business plans, production budgets and more.
8. Are there any market trends?
Like other fields of business, technology is always changing the entertainment business. Each year more and more services and platforms are entering the market. Some examples would include, streaming music, video platforms, social media and many others. These new types of media content distribution affect legal industry norms requiring lawyers to adapt to changes quickly.
The article was created on behalf of Attorney Marc Randazza, the managing partner of the Randazza Legal Group.
