A group of high-profile entertainment lawyers is leaving Loeb & Loeb to help Paul Hastings launch a second Los Angeles office in Century City.
The team, which according to a source briefed on the matter is led by partners Craig Emanuel, Mickey Mayerson, Stephen Saltzman and Susan Zuckerman Williams, will help Paul Hastings build out its newly established entertainment and media practice.
A Paul Hastings spokeswoman declined a request for comment about the hires, which were first reported by The Hollywood Reporter and confirmed by Loeb & Loeb’s New York-based chairman Kenneth Florin, elected leader of the firm last year.
“These are well-respected partners and we wish them well,” Florin said in a statement. “Coming off our best fiscal year yet, Loeb & Loeb remains a highly successful, diversified law firm. Our global entertainment practice will continue to be a core area of focus for us.”
The new Century City office, temporarily located in the SunAmerica Center at 1999 Avenue of the Stars, will be chaired by David Hernand, who joined Paul Hastings from Cooley in 2014 and now serves as vice chair of the firm’s corporate practice. The Century City base will be the 22nd office worldwide for 921-lawyer Paul Hastings, which in 2017 posted its sixth consecutive year of financial growth, reaching $1.12 billion in gross revenue.
The move comes more than three years after Los Angeles-based rival Latham & Watkins opened a second area outpost in Century City, with Sidley Austin doing the same in early 2015.
Emanuel served as vice chair of Loeb & Loeb and chair of the firm’s national entertainment team. He has represented a number of high-level writers, directors, actors and producers in the entertainment industry, including Ryan Murphy, who recently signed a five-year deal with Netflix Inc. reportedly worth $300 million.
Mayerson, considered as one of the leading film finance lawyers in the United States, has long represented banks, hedge funds and high net worth individuals on both sides of key movie deals. His clients include financial services firms such as Bank of America Corp./Merrill Lynch & Co. Inc., Citigroup Inc., City National Bank and CIT Group Inc.-owned OneWest, as well as investment funds giant Fortress Investment Group.
At Paul Hastings, Mayerson will co-chair the firm’s global entertainment finance group along with Williams, who had spent more than 30 years at Loeb & Loeb, where she most recently served as deputy chair of its entertainment and media department. Williams concentrates her practice on media finance and entertainment transactions.
Saltzman, another longtime Loeb & Loeb partner, has extensive experience handling domestic and international transactions in the entertainment and media industries. Saltzman has spent a lot of time in China, where he has emerged as a key legal adviser to Chinese companies seeking investments in Hollywood.
The THR reported that the departing Loeb & Loeb team’s recent clients have included China’s Huayi Brothers Media Corp. and The Weinstein Co., the latter of which was just sold to a group of investors for $500 million amid ongoing controversy over the company’s sexual harassment- and assault-related troubles involving namesake Harvey Weinstein.