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Sports Law

Bleak Economy Affecting Lawyers

I wear a lot of hats (figuratively). Among many other ventures, pursuits, and daily tasks, I run a successful, growing sports agency (Dynasty Athlete Representation), a prominent sports agent blog (SportsAgentBlog.com), and I also happen to be a 2nd year law student at the University of Florida. About that third part…being a full-time law student…many people question how I am able to commit to law school full-time while working on so many other things at the same time. Many of the people who ask me this question are fellow classmates of mine who are busting their asses in school with the hope of showing off those grades to a future employer. Many of those friends are at the top of our class, belong to the prestigious law review, etc. and are having a hard time finding jobs this summer.

The job market sucks, whether you want to become a sports agent, a financial analyst, or even a lawyer. Summer associateships are on the decline, and jobs out of law school are hard to find. The firms that are hiring seem to be looking more at who you know than what you know. Yes, we are living in the world where LinkedIn may mean more for your future employment than your GPA.

So when I read this article in the Wall Street Journal, about the rise of law school applicants while the amount of lawyer positions at law firms is falling, I was not all that surprised. Some of my best friends are living that situation out right now. We talk about how competitive it is to break into the world of sports agency. The legal profession, in general, is starting to become tough to break into on its own. If firms are firing associates left and right, what makes you think that they will entertain your novel invitation to start up a sports law division with you at the head of it all? Not in this economy!

One important point I took from the article: In a struggling economy, people start becoming pickier with the decisions that they make. I believe that our profession will encounter this as athletes start to choose lawyers as their agents more often than those who try to represent athletes without a J.D.

By Darren Heitner

Darren Adam Heitner, Esq., is a preeminent sports attorney and the founder of Heitner Legal, P.L.L.C., a Fort Lauderdale-based law firm specializing in sports law, contract negotiations, intellectual property, and arbitration. He earned his Juris Doctor from the University of Florida Levin College of Law in 2010 and a Bachelor of Arts in Political Science, magna cum laude, from the University of Florida in 2007, where he was named Valedictorian of the College of Liberal Arts and Sciences. Admitted to practice in the state bars of Florida, New York, and the District of Columbia, as well as multiple federal courts, Darren also serves as a certified arbitrator with the American Arbitration Association.

As an adjunct professor, Darren imparts his expertise through teaching Sports Law at the University of Florida Levin College of Law and Name, Image, and Likeness (NIL) at the University of Miami School of Law in the Entertainment, Arts, and Sports Law LL.M. program. His scholarly contributions include authoring several books published by the American Bar Association, such as How to Play the Game: What Every Sports Attorney Needs to Know, and numerous articles in prominent publications like Forbes, Inc. Magazine, and Above the Law. His thought leadership in NIL has earned him recognition as one of the foremost experts by The Wall Street Journal, USA TODAY, and On3, and he has been lauded as a “power player in NIL deals” by Action Network and a “top sports trademark attorney” by Sportico.

Darren’s passion for sports law led him to establish Sports Agent Blog on December 31, 2005, initially titled “I Want To Be A Sports Agent.” The platform, created as a New Year’s resolution, has grown into a cornerstone of the sports agency community, offering in-depth analysis of industry trends, legal disputes, and agent-player dynamics. His commitment to the field is further evidenced by his representation of numerous athletes and sports agents, as well as his prior role as an Adjunct Professor at Indiana University Bloomington, where he developed and taught a course on Sport Agency Management from 2011 to 2014.

Darren’s contributions have been recognized with prestigious honors, including the University of Florida’s 40 Under 40 Award, the University of Florida Levin College of Law’s Outstanding Young Alumnus Award, and designation as the best lawyer in Fort Lauderdale by Fort Lauderdale Magazine. He remains an active voice in the sports law community, sharing insights through his weekly NIL newsletter and his X posts, engaging a broad audience on legal developments in sports.

6 replies on “Bleak Economy Affecting Lawyers”

I can tell you as a recently laid-off transactional attorney from a Vault top 40 law firm in New York, the job market for lawyers is a mess. Just today a bunch of firms made the tough decision to lay-off associates including 1st year associates (they only just started in September). I would love to get into the entertainment and sports industry but breaking in is tough. I can say that the skills learned while in law school would assist anyone wanting to become an agent because they assist me every day in dealing with people. I also think that education is very important and just having an M.B.A has opened doors for me too. Which ever path you decide to follow is up to you but understanding the legal concepts and ramifications that go along with entering into a contract can save you and your client a lot of headaches.

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I am a 4th year qualified lawyer who has worked in some of the leading law firms in Sydney, Australia, as well as for a hedge fund financier in Mayfair, London. Throughout my 5 years of working in law (in tax, finance, hedge funds) I was never happy, despite the big salaries I was being paid. I studied law for the prestige and money. I practised in the areas I did because these were supposedly, the ‘best’ areas, according to my peers.

The economic crisis was great for me because it forced me to reassess my priorities and take a risk. I was fortunate enough to get into one of Australia’s leading sports agencies and I love it! I get to use my law alot but I’m not trapped in an office, surrounded by alot of, let’s say, ‘interesting’ people.

I don’t know one friend in law who likes their job … the majority of corporate lawyers are pretty miserable and now alot are losing their jobs. They tend to be pretty risk averse, so they don’t know what to do.

If I had my time again I would definitely do a law degree because it is such a versatile, interesting and practical degree. However, don’t feel you have to practise in the ‘best’ firm, in the ‘best’ practise area. Do what you enjoy and don’t listen to anyone else. Then you will be the most-fulfilled in your job.

It’s worth noting too that while law firm salaries are high, they are capped (unless you make partner which hardly anybody wants these days). If you are an agent or in another entrepreneurial field, your salary can be lower but also much higher than a lawyer and there is no cap.

To those lawyers losing their jobs – take a chance and do something you have always wanted to do. If you have practised law you can succeed in any field.

Gene: I am a 4th year qualified lawyer who has worked in some of the leading law firms in Sydney, Australia, as well as for a hedge fund financier in Mayfair, London. Throughout my 5 years of working in law (in tax, finance, hedge funds) I was never happy, despite the big salaries I was being paid. I studied law for the prestige and money. I practised in the areas I did because these were supposedly, the ‘best’ areas, according to my peers.The economic crisis was great for me because it forced me to reassess my priorities and take a risk. I was fortunate enough to get into one of Australia’s leading sports agencies and I love it! I get to use my law alot but I’m not trapped in an office, surrounded by alot of, let’s say, ‘interesting’ people.I don’t know one friend in law who likes their job … the majority of corporate lawyers are pretty miserable and now alot are losing their jobs. They tend to be pretty risk averse, so they don’t know what to do. If I had my time again I would definitely do a law degree because it is such a versatile, interesting and practical degree. However, don’t feel you have to practise in the ‘best’ firm, in the ‘best’ practise area. Do what you enjoy and don’t listen to anyone else. Then you will be the most-fulfilled in your job.It’s worth noting too that while law firm salaries are high, they are capped (unless you make partner which hardly anybody wants these days). If you are an agent or in another entrepreneurial field, your salary can be lower but also much higher than a lawyer and there is no cap. To those lawyers losing their jobs – take a chance and do something you have always wanted to do. If you have practised law you can succeed in any field.

CommentI I have 18 years of trial experience, criminal, civil, and appellate. The costs have risen in court and the attorney fees are less than what I made in the mid 1990’s. Criminals cannot make their probation fees, divorcing parents stay married as opposed to paying the cost of divorce. The last people paid now are the attorneys. I sell raw land too to help pay the bills. When I see the high salaries of sports figures and the perception that a lot of folks in the agent business are unethical and dishonest, I have pondered a jump into the sports agent business. I live in a rural area—what would be your advice to get started?

The state of the legal industry is not bleak across all practice areas. Labor / employment, bankruptcy, wills / trust, and construction law are all practice areas that are doing just fine.

Last year I convinced my firm to back my sports & entertainment initiative, but now I am opening my own practice, as inevitably THAT is the way to go if you really want security, freedom, and more money. Risky at first? You bet – but even in this economy, the margin on legal work, when done right for competent clients, is very high and blows the doors off most other lines of work. Keep plugging every one!

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