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Neal Koch

Stories by Neal

Film Commission Sets $40 Million in Tax Credits

In what the California Film Commission said is a sign that Hollywood is ready to return to work, the agency announced $40 million in tax credits.

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Law Firms Embrace Remote Work

Quarantine prompts a ‘sea change’ for operations

Los Angeles law firms have undergone dramatic changes in less than three months — a response to the Covid-19 quarantine and emerging technology.

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Private Equity Sector Is Showing Signs of Life

While some firms are posting gains, category still faces a long road back

Covid-19 caused private equity fund managers to slam on the brakes but now they're facing some of the most complex deals of their careers.

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Rates Likely to Rise Sharply

Businesses may see hikes after vandalism, virus

Businesses throughout L.A. County will almost certainly face some combination of insurance rate increases, coverage cutbacks and new protective requirements as a result of recent looting and virus vulnerabilities.

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Boies Rethinks LA Approach

NY firm adjusts after mass defections by partners

At the height of a heady courtship in February 2017, Chris Caldwell found himself on Manhattan’s Upper East Side, being wooed over dinner at the fashionable Harry Cipriani restaurant by David Boies, perhaps the preeminent trial lawyer of his generation.

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Divorce Firms Expect Surge

Post-lockdown period will lead to ‘very busy’ time

For 23 years, Barbara Hammers’ family law practice Hammers & Baltazar, with offices in Santa Monica and West L.A., hummed along. As one divorce case ended, another walked in the door, providing a steady income.

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Junk Rating for WME Talent Agency Loan

Impact of virus cited for downgrade

Moody’s Investors Service Inc. has downgraded Beverly Hills-based William Morris Endeavor Entertainment’s new term loan further in the junk bond range.

Live Nation Credit Is Downgraded

Company’s planned $800 million debt issuance gets junk level status

S&P Global Inc. has downgraded Live Nation Entertainment Inc.’s credit rating to junk bond status with a negative outlook and rated the company’s proposed $800 million issuance of senior secured notes at junk level.

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A View From The Pandemic's Front Lines

Julie Miller-Phipps leads Kaiser Permanente’s expansive response to the Covid-19 crisis in the LA market

Among those with major responsibility for managing the response to the Covid-19 contagion in Los Angeles, Julie Miller-Phipps shoulders one of the heaviest loads.

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Endeavor’s WME IMG Takes Another Credit Hit

Moody’s downgrades agency

Moody’s Investors Service downgraded its outlook for Beverly Hills-based WME IMG Holdings to negative from stable and lowered the company’s credit rating.

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Ratings Firms Hit CAA Over Debt

Agency suffers downgrades

Creative Artists Agency has been downgraded in the junk bond range by two credit ratings agencies, with each saying the pandemic has highlighted CAA’s high debt level.

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King & Spalding Hires 12 Partners From Boies Schiller

Arrivals boost firm’s media, entertainment practice

The downtown office of law firm King & Spalding has lured away 12 partners from Boies Schiller Flexner, striking a blow to the rival firm’s major media company practice.

Saudi Fund Acquires Live Nation Stake

Government investment vehicle buys $500M in common stock

Saudi Arabia’s sovereign wealth fund has purchased 5.7% of Live Nation Entertainment Inc.’s common stock, the fund disclosed April 27 in a filing with the Securities and Exchange Commission.

Employment Law Firms Upended

‘Swamped’ attorneys racing to keep up with changes

Perhaps no sector of Los Angeles legal practice has been upended more than employment law in recent months, say both practitioners and observers, noting increases in requests for guidance on new laws prompted by the pandemic.

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Endeavor Credit Rating Gets Another Downgrade

Moody's downgrades its outlook for WME IMG Holdings.

Saudi Fund Takes $500 Million Stake in Live Nation

Fund acquires 12 million shares through common stock purchase.

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King & Spalding Hires 12 Partners from Boies Schiller

King & Spalding has lured away 12 partners from Boies Schiller Flexner.

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S&P Slashes Rating for Endeavor

Debt enters junk bond territory

S&P Global has dropped its rating for Endeavor Operating Co. and Endeavor’s subsidiary, WME IMG Holdings, to the middle of the junk bond range and called into question the firm’s future viability.

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Live Nation to Cut Costs by $500 Million

Promoter also secures $120 million revolving credit facility loan

Live Nation Entertainment Inc. has taken significant steps to boost its financial condition.

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Common Cause

Michael Milken devotes his resources to combat Covid-19

Michael Milken is directing Milken Institute resources to battle the Covid-19 crisis.

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S&P Slashes Endeavor’s Credit Rating

Company’s debt hits junk bond level

S&P Global has dropped its rating for Endeavor Operating Co. and Endeavor’s subsidiary, WME IMG Holding, to the middle of the junk bond range and called into question the firm’s future viability.

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Peacock Attracts Top Advertisers Ahead of Rollout

NBCUniversal’s new Peacock streaming service has landed marquis advertisers Verizon, Subaru, L’Oreal, Molson Coors and Capital One ahead of its April 15 rollout.

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Curry Joins Loeb & Loeb

Entertainment lawyer James Curry joins Loeb & Loeb.

Guiding Lights: 2020 Law Firms Special Report Roundtable

Some of LA’s top lawyers weigh in on their changing industry — and offer guidance for businesses

An all-star panel of L.A. attorneys share insights into how their business clients' legal needs are evolving, how tech is changing their industry and more.

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