Article submitted by Barry K. Rothman.
Early on in one’s career, an entertainment attorney must establish proper guidelines of conduct within early in their careers. Many contend that there is something special and unique about having an artist-lawyer relationship within the entertainment industry. However, those that have practiced in the entertainment industry for a long period of time know that this relationship cannot stem past a client-attorney relationship. Failure to follow this can lead to fiduciary responsibilities that the artist owes to the client.
All attorneys that are starting in the entertainment industry are going to be faced with the issue of how to bill their clients that cannot afford to pay your current ongoing rate. Now, unlike most traditional lawyers, attorneys that work in the entertainment industry can create varying fee arrangements with their clients – this can actually work to your benefit. However, in certain instances, nontraditional arrangements can also lead to a breach in both professionalism and ethics if not handled carefully. Be sure that you and the client both agree to a contract that he or she must legally be bound to prior to signing the contract.
Percentage Fee Arrangement
One of the most current forms of billing is to take a percentage fee arrangement from their clients. Now, these structuring fee arrangements require you to be extremely attentive throughout the process. Attorneys that are starting out in the entertainment field must develop acceptable fee and billing practices from a professional and ethical perspective. Remember, your career is on the line when you break tradition so be sure that you understand what structure you are going with and whether or not it’ll be beneficial for you in the long run.
Article submitted by Barry K. Rothman. Just by looking at a few Barry K. Rothman reviews online, you’ll notice how much of an impact Barry K. Rothman has on his clientele and past cases. Contact his firm today to see how he can help you.