3.27.2012

What Every Producer Should Know: What the Players Make

Ever wondered what a studio exec, a network president, a top agent or a hotshot entertainment lawyer made a year?  Well, Gavin Polone read your mind and has answers for you.  It's good to know what kind of monetary weight your friends and foes in Hollywood can throw around.  


One set of numbers that caught my eye...

BOUTIQUE ENTERTAINMENT LAW FIRM:
Owner-Partner (the lawyers who either founded the firm and/or have the clients who bring in the most money): $2 to $6 million per year. 
Some speculate that Skip Brittenham, of Ziffren, Brittenham, Branca et. al. may make as much as $10 million. In most cases, partners take a draw, which is really an advance against their year-end bonus, and then whack up what is left at the end of the year, after paying all office expenses and salaries. This payout is based primarily on what the individual brought in through his own clients and secondarily on the performance of the firm as a whole.
Partner with business (a lawyer who signed his own clients who pay significant sums to the firm): $750,000 to $1.5 million. 
Usually, someone in this classification is well taken care of and will either get his name on the door shortly, or leave to start his/her own firm.
Service Partner (who services the business of the above rainmakers): $500,000 to $1 million.
Lawyer with limited experience and no significant clients of his own: $160,000 to $250,000.  
In these firms, most of the lawyers are called “partner”, so those who aren’t are either promoted or moved out pretty quickly.

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