Which entertainment law firms will be next to merge?

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Which entertainment law firms will be next to merge?

Tue Jul 28, 2009 @ 02:18PM PST

By Eriq Gardner

6a00d83451d69069e2011570a5bfe7970c-320piIn the wake of this year's consolidation of  the William Morris and Endeavor agencies, are entertainment law boutiques next?

Yesterday, New York-based Frankfurt Kurnit Klein & Selz announced it is merging with music business firm Serling Rooks Ferrara McKoy & Wrob. 

Both firms come into their marriage with a stellar client roster. Frankfurt Kurnit represents the Tribeca Film Festival, Aaron Sorkin, Dean Koontz, John Goldman, among many others. Serling Rooks represents Lady Gaga, Fallout Boy, John Mayer, Ozzy Osbourne, and Moby.

The deal may be a sign of things to come.

Last week, the National Law Journal published an article bemoaning the state of the entertainment industry, highlighting how fees and other compensation have declined as studios clamp down on costs. We've covered this chilling environment before, so we're not surprised.

Craig Emanuel, chairman of Loeb & Loeb’s Los Angeles entertainment department and talent practice group, thinks that small firms have a challenging road ahead of them to stay independent.

“I do think that in the next 24 months you are going to see more consolidation of law firms, whether it’s in the form of boutiques getting together or individuals from boutiques joining larger firms,” said Emanuel in the NLJ article. "Like in any business in a depressed time, finding a way to share overhead with somebody else becomes a critical factor."

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The Hollywood Reporter, Esq. blog focuses on how the entertainment and media industries are impacted and influenced by the law. It is edited by Matthew Belloni with contributions from veteran legal reporter Eriq Gardner and others. Before joining The Hollywood Reporter, Belloni was a lawyer at an entertainment litigation firm in Los Angeles. He writes a column for THR devoted to entertainment law. Gardner is a New York-based writer and legal journalist. Send tips or comments to Matthew.Belloni@thr.com

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