9:09am PT by Ashley Cullins
Power Lawyers Group Leaving Loeb & Loeb for Paul Hastings
A group of entertainment's top dealmakers is leaving Loeb & Loeb for Paul Hastings, The Hollywood Reporter has learned.
Craig Emanuel, Mickey Mayerson, Stephen Saltzman, Susan Zuckerman Williams and presumably other members of their teams announced their resignations this week. Each of them has been featured as one of the top attorneys in the business on THR's annual Power Lawyers list.
Emanuel represents TV powerhouse Ryan Murphy, who just signed an overall deal with Netflix reportedly worth $300 million, as well as other top-tier talent, such as Oscar winner Daniel Day-Lewis.
Mayerson, Saltzman and Zuckerman Williams are major players in corporate dealmaking. Their clients in recent years have included China's Huayi Bros., CIT Bank and The Weinstein Co., which just sold to a group of investors for $500 million amid the company's recent trouble following a deluge of sexual harassment and assault allegations against Harvey Weinstein.
THR has learned Loeb has already notified its staff — and none of these dealmakers was included in the firm's nominations for this year's Power Lawyers list, which were submitted Thursday night.
Loeb chairman Kenneth Florin sent THR a statement Friday morning in response to the exits: "These are well-respected partners, and we wish them well. 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."
Paul Hastings has not yet commented on its new hires.
March 2, 9:55 a.m. Updated with a statement from Loeb & Loeb.