Should you have a loan-out company for your work in entertainment?

Gordon P. Firemark

I’m frequently called upon by clients to form a so-called “Loan-Out company” for them. What is a Loan-Out company? A loan-out company is a legal business entity established for the purpose of providing the personal services of its owner/employee to third parties.

Innovative Law Firm/Tech Company Atrium Raises $65 Million

Media Law

Just last week, I reported on a $50 million investment in artificial intelligence company Kira Systems. Now comes news that Atrium — the combination law firm and legal technology company — has raised $65 million in a round that includes some of the biggest names in venture capital, with Andreessen Horowitz leading the round and General Catalyst , YC Continuity Fund , and Sound Ventures as co-investors. When it rains it pours for investment in legal technology.

Trending Sources

Roundup of Company and Product News from ILTACON, Part 1

Media Law

Here is Part 1 of a roundup of some of the legal technology companies and news I saw there. It works easiest with the research platforms Fastcase and Casemaker, thanks to arrangements the company made with them, but is not limited to those services.

AI Company Kira Systems Gets $50 Million Series A Investment

Media Law

This is the first outside investment taken by the company, which was founded in 2011 by Noah Waisberg , a former corporate lawyer at Weil, Gotshal & Manges who is now CEO, and Dr. Alexander Hudek , a computer scientist who is now CTO. Waisberg and Hudek retain majority control of the company. Waisberg would not say the percentage of the investment or the valuation on which it was based, but this gives the seven-year-old company a valuation somewhere above $100 million.

Law Practice Management Company PracticePanther Names New CEO

Media Law

The cloud law practice management company PracticePanther is announcing today that it has named Soumya Nettimi as its chief executive officer. Cofounder David Bitton, who has been CEO since starting the company in 2012, will remain with the company as chief marketing officer, and cofounder Ori Tamuz will continue as chief technology officer. This is the second major news development this week involving a practice management company.

The Weinstein Company Hit With Racketeering Class Action

THR, Esq. Entertainment & Media Law Blog

"Weinstein’s widespread sexual misconduct did not occur without the help of others," states the complaint. read more. THR, Esq. Business Movies Business THR Online nsfs

NBCUniversal Sues Company for Infringing on "NBCU" Trademark

THR, Esq. Entertainment & Media Law Blog

No, the company isn't suing itself. read more. THR, Esq. Television Television THR Online

Edward Norton's Production Company Sued Over Harlem Movie Set Fire

THR, Esq. Entertainment & Media Law Blog

A man and woman who live in the building claim residents weren't warned by producers when a fire started during filming of 'Motherless Brooklyn.' read more. THR, Esq. Movies Movies THR Online

Following Avvo’s Acquisition, Founder Britton is Leaving the Company

Media Law

Mark Britton Mark Britton, the 51-year-old lawyer and entrepreneur who founded the often-controversial legal marketplace and lawyer-rating site Avvo in 2007 and served as its CEO ever since, is leaving the company. The post Following Avvo’s Acquisition, Founder Britton is Leaving the Company appeared first on Robert Ambrogi's LawSites.

Lucy Bassli, Former Microsoft Assistant GC, Joins AI Company LawGeex

Media Law

Two weeks after announcing her departure as assistant general counsel at Microsoft, Lucy Bassli has joined LawGeex, the artificial-intelligence contract review company, as chief legal strategist. The post Lucy Bassli, Former Microsoft Assistant GC, Joins AI Company LawGeex appeared first on Robert Ambrogi's LawSites.

Roundup of Company and Product News from ILTACON, Part 2: iManage, Relativity, BigHand, CaseFleet

Media Law

Last week, I attended ILTACON, the annual meeting of the International Legal Technology Association, where I met with a number of legal technology companies for briefings on their latest news and products. Yesterday, I posted the first of a four-part roundup of those companies.

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Media Companies Just Got More Bad News in Gawker Bankruptcy

THR, Esq. Entertainment & Media Law Blog

A New York judge decides that California's free speech statute conflicts with federal rules. read more. THR, Esq. Business Movies Tech Business THR Online

Kate Hudson's Fashion Company Exec Sues for Wrongful Termination

THR, Esq. Entertainment & Media Law Blog

The suit claims the company assumed Talitha Peters was being treated for an addiction to illegal substances while on a temporary medical leave. read more. THR, Esq. Style Style THR Online

Roundup of Company and Product News from ILTACON, Part 3: NetDocuments, WindTalker, American LegalNet, AdvoLogix

Media Law

Last week, I attended ILTACON, the annual meeting of the International Legal Technology Association, where I sat down with a number of legal technology companies for briefings on their latest news and products. I’m posting a four-part roundup of those companies.

The Weinstein Company Wins 'Lovelace' Lawsuit

THR, Esq. Entertainment & Media Law Blog

The Weinstein Company Linda Lovelace Millennium Films Business A judge sees the difference between a porn film and a biopic of a porn star read more. Movies THR Online THR, Esq.

Bill Cosby Scores Victory Against Insurance Company

THR, Esq. Entertainment & Media Law Blog

AIG Property Casualty wanted out from having to defend the comedian against Janice Dickinson. read more. THR, Esq. The Business Television Business THR Online

Non-Artificial Contracts Intelligence Joins Artificial Intelligence Contracts Company

Media Law

In news that should bring solace to all lawyers who fear losing ground to AI robot overlords, an artificial intelligence contract-review company has announced the addition to its board of advisors of a distinctly non-artificial intelligence in the area of legal contracts. The post Non-Artificial Contracts Intelligence Joins Artificial Intelligence Contracts Company appeared first on Robert Ambrogi's LawSites.

LawNext Episode 11: Avvo Founder Mark Britton on Why He Started The Company, Why He Sold It, and Why He Left

Media Law

Earlier this year, Mark Britton left Avvo , the often-controversial company he founded in 2006 and led as CEO, after selling it to web behemoth Internet Brands. He talks about what he believes his company achieved and what he achieved as CEO.

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Roundup of Company and Product News from ILTACON, Part 4: FileTrail, Workstorm, Casepoint, SeeUnity

Media Law

Last week, I was at ILTACON, the annual meeting of the International Legal Technology Association, where I sat down with a number of legal technology companies for briefings on their latest news and products. The company emphasizes that all of its technology is its own, developed inhouse.

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On LawNext: LegalZoom’s GC on the Company’s $500 Million Investment

Media Law

Earlier this week, as I reported here , the online legal services company LegalZoom announced a $500 million secondary investment , the largest investment ever in a legal technology company. It comes as the company continues to expand both its services and its geographic reach. With a valuation of $2 billion and a customer base of 4 million, what will this investment mean for LegalZoom now and into the future?

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ABC Sued By Insurance Company Over "Pink Slime" Settlement

THR, Esq. Entertainment & Media Law Blog

AIG is resisting reimbursement of $25 million by arguing that the broadcaster had an obligation to go to outside counsel before running its controversial reporting. read more. THR, Esq. Business Television Business THR Online

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Major E-Discovery Companies Merge to Create 2,500-Employee Global Operation

Media Law

Two major e-discovery companies, Consilio and Advanced Discovery, today announced their merger to form a combined operation that will consist of over 2,500 employees, 14 data centers and 23 document review facilities in 11 countries. The post Major E-Discovery Companies Merge to Create 2,500-Employee Global Operation appeared first on Robert Ambrogi's LawSites.

Legal Research Company Casetext Closes on $12 Million in Funding

Media Law

Excluding e-discovery companies, it is one of the largest investments in a legal technology startup ever. The post Legal Research Company Casetext Closes on $12 Million in Funding appeared first on Robert Ambrogi's LawSites. Jake Heller, founder and CEO, and Laura Safdie, chief operating officer and general counsel. The legal research service Casetext is announcing today that it has closed on a $12 million Series B funding round.

Number of AI Companies in Legal Grows 65% In Last Year

Media Law

The number of artificial intelligence companies catering to the legal field has grown by 65 percent in the last year, from 40 to 66. This finding is from the In-House Counsel’s LegalTech Buyer’s Guide 2018, published today by the contract review automation company LawGeex. The increase in AI companies includes a number of “agile and well-funded […]. The post Number of AI Companies in Legal Grows 65% In Last Year appeared first on Robert Ambrogi's LawSites.

Gannett Makes Higher Offer For Tribune Company

Media Law Prof Blog

The Gannett Company has raised its offer for the Tribune Publishing Company to $864 million, according to the Hollywood Reporter. The Tribune owns several major dailies, including the L. Times and the Chicago Tribune. More here from THR

Ava DuVernay's Company Sued in Dispute Over Documentary's Awards Run

THR, Esq. Entertainment & Media Law Blog

A documentarian says the company didn’t submit his film for awards as agreed — and now won't stop claiming rights. read more. THR, Esq. Movies Movies THR Online Ava DuVernay Selma

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David Letterman's Production Company Beats Lawsuit from Royalty Collector

THR, Esq. Entertainment & Media Law Blog

A judge rejects a lawsuit from Worldwide Subsidy Group. read more. THR, Esq. The Business Television Business THR Online

Producer Claims CEO Sexually Manipulated Him to Take Control of His Company

THR, Esq. Entertainment & Media Law Blog

Ryan Wiik says Tasmin Lucia-Khan used sex and lies to force him out of the company he founded. read more. THR, Esq. The Business Business THR Online

Ava DuVernay's Company Sued For Botching Documentary's Awards Run

THR, Esq. Entertainment & Media Law Blog

A documentarian says the company didn’t submit his film for awards as agreed — and now won't stop claiming rights. read more. THR, Esq. Movies Movies THR Online Ava DuVernay Selma

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A Legal Campaign Against Spotify Intensifies Ahead of the Company's Plan to Go Public

THR, Esq. Entertainment & Media Law Blog

Hundreds of settlement objectors (Tom Petty, Weezer's Rivers Cuomo, Sir Anthony Hopkins, et al.), a new copyright lawsuit and a scathing reply to Spotify's recent bombshell filing. read more. THR, Esq. Business Music Tech Business THR Online

New Survey Suggests Legal Tech Companies Confused About Marketing

Media Law

Legal technology companies are confused about how to market and sell their products, concludes the inaugural Legal Tech Go-to-Market Report, conducted by legal PR and marketing firm Baretz+Brunelle. The post New Survey Suggests Legal Tech Companies Confused About Marketing appeared first on Robert Ambrogi's LawSites.

What YouTube Could Learn from Record Companies

Music Technology Policy

Ask any journalist who’s been threatened with a lawsuit by the most litigious company in commercial history if they dared to publish royalty rates. So here’s what YouTube can learn from record companies. No record company discloses to the public the royalties they paid to any of their artists and no record company would ever put their artist in the position of being a lottery winner poster child to promote the label.

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HBO, John Oliver Sued By Energy Company Over Segment on Coal Mining

THR, Esq. Entertainment & Media Law Blog

The defamation lawsuit discusses how Oliver created a "villainous" portrait of Murray, 77, who "needs a lung transplant" and who "does not expect to live to see the end of this case." read more. THR, Esq. Business Television Business THR Online

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Notable AI News: iManage Acquires UK AI Company RAVN Systems

Media Law

Notable news on the AI front today: the document management company iManage has acquired RAVN Systems, a UK company specializing in artificial intelligence. iManage says the acquisition “will revolutionize the way companies find, extract and act on key information from documents and emails.” The post Notable AI News: iManage Acquires UK AI Company RAVN Systems appeared first on Robert Ambrogi's LawSites.

Cloud DMS Company NetDocuments Is Sold To California Investment Group

Media Law

The California investment firm Clearlake Capital Group yesterday announced that it has acquired NetDocuments, the cloud-based document and email management company that specializes in serving law firms and corporate legal departments. The post Cloud DMS Company NetDocuments Is Sold To California Investment Group appeared first on Robert Ambrogi's LawSites.

Martin Scorsese Production Company Escapes 'Wolf of Wall Street' Libel Lawsuit

THR, Esq. Entertainment & Media Law Blog

A former executive at Stratton Oakmont didn't like being portrayed as a criminal. read more. THR, Esq. Business Movies Business THR Online

Libel 101

Asked and Answered: Should I have a Loan Out Company?

Gordon P. Firemark

“Asked and Answered&# will be a new occasional feature of this blog. From time to time, I’ll answer some of the most frequently asked questions I receive in my practice. This is intended as general information only and does not establish an attorney-client relationship. It is not a substitute for a private, independent consultation with [.].

E-Discovery Company Logikcull Announces $25 Million Funding Round

Media Law

The e-discovery technology company Logikcull has raised $25 million in Series B funding, its CEO and founder Andy Wilson announced this morning in a LinkedIn post. The post E-Discovery Company Logikcull Announces $25 Million Funding Round appeared first on Robert Ambrogi's LawSites.

Deadmau5 Sues Vape Company for Trademark Infringement

THR, Esq. Entertainment & Media Law Blog

The deadmodz vape brand is confusing deadmau5 fans who think the electronic music star is behind the electronic cigarette line, according to the lawsuit. read more. THR, Esq. Music Music THR Online

'Orphan Black' Production Company Must Face Copyright Lawsuit in California

THR, Esq. Entertainment & Media Law Blog

The $5 million lawsuit alleges the series was cloned from a screenplay submitted to producers a decade ago. read more. THR, Esq. The Business Television Business THR Online

CRTC Fines Canadian Company Over Spam Emails

Media Law Prof Blog

The agency found the Quebec-based company sent commercial emails to consumers without consent and then further violated Canadian law by failing to The Canadian Radio-television and Telecommunications Commission (CRTC) is fining Compu.finder $1.1

Global Legal Hackathon Issues Call for Legal Tech Companies to Participate

Media Law

23-25 in more than 40 cities around the world, has put out a call for legal technology companies to participate. The hackathon is inviting all legal technology companies, no matter how large or small, to participate by providing their technology, developer tools, training, and documentation to hackathon teams and participants, […]. The post Global Legal Hackathon Issues Call for Legal Tech Companies to Participate appeared first on Robert Ambrogi's LawSites.

'Midnight Rider' Producer Claims Insurance Company "Sabotaged" Film

THR, Esq. Entertainment & Media Law Blog

Film Allman asserts it was pushed into a settlement with Sarah Jones' family, says that Randall Miller's guilty plea doesn't mean he's guilty, and describes how it attempted to revive the rock & roll film. read more. THR, Esq. The Business Movies Business THR Online