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Indie 2003: Entertainment Law Attorneys
An Introduction to Working With Them
By Christopher Knab, MusicDish.com
The Golden Rule regarding lawyers: 'Never
use anyone but an Entertainment Law attorney.' Don't use
Uncle Bill, the real estate lawyer. Don't hire your next-door
neighbor who is a public defender. Don't hire an attorney
who works in the medical profession. Entertainment Law
is a specialty field. Musicians are part of the entertainment
industry and when you need a lawyer in this business, you
need someone who knows the recording industry inside out.
Attorneys in the music business need to know
about recording contracts and should be able to advise
clients about the copyright laws. They are very much involved
in structuring the deals that may come your way, and have
a lot to say about shaping an artists' business life.
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What To Look For In A Entertainment Law Attorney
One major thing to look for is a lawyer's
relationships in the industry. Lawyers have evolved into
one of the most powerful groups in the music industry.
They end up seeing more deals than anyone else, and have
more knowledge of what's "going down" around town. Record
companies, for instance, can't ignore phone calls from
important lawyers, nor can they afford to treat them shabbily
since they're going to be dealing with these lawyers again
and again. A knowledgeable lawyer with good relationships
will get your deals done quicker, and will get you the
best deal that can legitimately be had. Here are some other
aspects for you to consider when "shopping" for a lawyer:
* Experience
Does he or she have expertise in the music
business? Make sure that the lawyer you are hiring is an
entertainment lawyer with at least some experience in the
industry.
* Fees
There are basically three ways attorneys
in the music business charge their clients:
1) Hourly Fee.
Some lawyers charge on an hourly basis. The
rates range from $125 per hour for new lawyers to up to
$450 or more for more established, reputable lawyers.
2) Percentage.
Others charge a percentage usually between
5% and 10%. If the lawyer takes a percentage, make sure
to get a complete explanation of how it is computed; each
firm is different!
3) "Value Billing."
Some lawyers do something known as "value
billing," often with an hourly rate or retainer against
it.
A retainer is a set monthly fee that is either
credited against the ultimate fee or it's a flat fee covering
all services. Value billing means that, when the deal is
finished, the lawyer asks for a fee based on the size of
the deal and his contribution to it. For instance, if the
lawyer had very little to do with shaping the deal, and
only wrote the contract, the band should expect a fee that
is close to an hourly rate. On the other hand, if the lawyer
came up with a clever concept or strategy that made the
band substantial sums of money, or if the lawyer shaped
or created the deal from scratch, he may ask for a much
larger fee. If your lawyer does value bills, you should
get some idea up front what it's going to be, so that there
aren't any rude surprises.
Also, ask your attorney if - in addition
to fees - there will be charges for any other costs such
as long-distance phone calls, messengers, photocopies,
faxes, etc.?
A Final Tip:
Ask the lawyer for references of artists
at your level of experience, and check them out. Does he
return phone calls? Do they get deals done in a reasonable period
of time? (Reasonable in the music business is not
going to be anywhere near the speed you would like. It's
not uncommon for a record deal to take four or five months
to negotiate, especially if you're a new artist and can't
force the record company to turn out a draft quickly. Four
to five months is a realistic time frame, but if it goes
beyond that, someone isn't doing their job.)
Christopher
Knab is the owner of FourFront Media and Music, a Seattle
based consultation service dedicated to helping independent
musicians promote, market and sell their music. He is currently
on the faculty of the Audio Production program at the Art
Institute of Seattle and a voting member of the Recording
Academy. He is also the author of "Music
Is Your Business: A FourFront Music Marketing Handbook."
Provided
by the MusicDish
Network. Copyright © Tag
It 2003 - Republished with Permission
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