[Peter Paterno]

I'm Peter Paterno. I'm a partner at the King, Holmes, Paterno, and Berliner and we’re
here in my office. Music lawyer, depending on the level of music lawyer - well,
primarily a music lawyer that negotiates contracts for recording artists. That’s the bulk of
the work.

On some level also is involved with the artists if the artists are also writers. In other words they weren't on American Idol. They also negotiate their music publishing contracts.

There's a lot that stems off of that that’s the primary focus of what you do as a music
lawyer. My background before I was a music lawyer was in general practice. So I'm
able to handle some of the other problems, or at least know where to turn on some of the
other problems that artists may have. Typical artist problems like drug busts and drunk
driving. Things like that.

They buy houses. They have divorces. They look to you - artists look to you as their
primary legal source on all those kinds of issues, even though you may know very little
about it or in the case of most music lawyers, nothing about it. Which by the way is not a
good thing. Music lawyers should learn about those kinds of things, but most of them
don’t.

Our firm, and again, most music lawyers are different. I started out in a big full service law firm. I started out at Manet, Phelps, which is, I don’t know, how many hundreds of lawyers now, and I think pretty much covers every area.

My firm now is much smaller, but we actually have a corporate and real estate practice and litigation practice. So we’re pretty much full service for an artist, other than criminal matters that get serious. I can go fake a drunk driving arraignment. So serious criminal matters or tax stuff. We bring in outside tax counsel and family law when they finally do get that divorce. We try not to handle. I get sucked into those things too.