Entertainment Lawyer & Women of Influence Member Heidy Vaquerano on AI and Other Challenges

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Heidy Vaquerano at Fox Rothschild is a member of the LA Business First ‘Women of Influence’ list and as an entertainment lawyer has provided an interview about her views on her profession, the law and making a difference for women and lawyers.

Vaquerano told L.A. Business First that, “AI is the biggest challenge.” She explained that “there needs to be an open conversation about AI between all stakeholders in entertainment — labels, music publishers, artists, etc. — so that there can be an understanding about how AI will affect creators financially. All areas of the industry need to work together to build a system that fairly compensates all involved.”

The following is from Fox Rothschild:

The feature highlights women from a cross section of industries in Los Angeles “who are impacting those around them both professionally and personally.”

Vaquerano, a partner in the firm’s nationwide Entertainment & Sports Law Department, represents musicians, producers, actors, writers, production companies, record labels, tech startups, private-equity funds and more. She works with artists and rights companies at the forefront of a major shift in the industry as musicians increasingly sell their catalogs — encompassing publishing, sound recordings and neighboring rights — to diversify revenue streams. 

Vaquerano also regularly donates her time to the community and serves on the board, and the content and distribution committee, of PBS SoCal. In this role she provides feedback and looks for opportunities to bring more diverse voices to the network’s programming.

Heidy Vaquerano Interview

  • BACKGROUND

Where born: Artesia

Education: University of Southern California (B.A.), Southwestern Law School (J.D.)ON THE JOB

How would you describe your job and what you do to someone you just met? 

I’m an entertainment attorney  who provides advice and representation on a broad range of intellectual property and transactional matters. I represent musicians, producers, actors, writers, production companies, record labels, tech startups, private-equity funds and more.GROWTH AND DEVELOPMENT

Do you serve as a mentor for someone? If so, how do you fill that role? 

I mentor many of our associates, typically women and women of color. Regardless of their practice area, I give advice on how they can advance in their career based on my own experiences. For those who also practice entertainment law, I make sure to give them opportunities to work on different projects for my clients so they can raise their profile at the firm and gain substantive work experience and build further relationships in the industry.

Do you have a mentor yourself? If so, what do you get from that individual?

 I look at my mentors as my own personal board of directors, with each mentor serving one of my goals. I have several people I turn to for career advice, including one who gives me advise on working at a large firm, one specific to my field of law, and another on general life issues. I love having mentors because they have a view from the top. They’re able to look beyond the minutia that is bogging me down and give me a wake-up call if I need it.

How can more women better position themselves for leadership roles with their companies?

 I recommend participating in the various programs that your company offers and work up to a leadership roles in those programs. It’s a careful balance between volunteering your time and becoming an active stakeholder, but it’s worth it. Once you’re in a leadership position, it’s important to continue to elevate women and open doors for them. Sharing with other women what you’ve learned — and openly talking about advancement and leadership — is a big step in the right direction.

LOOKING AHEAD

What’s the biggest challenge facing your industry and/or company? How should that challenge be addressed? 

AI is the biggest challenge for the entertainment industry, and all other industries. There needs to be an open conversation about AI between all stakeholders in entertainment — labels, music publishers, artists, etc. — so that there can be an understanding about how AI will effect creators financially. All areas of the industry need to work together to build a system that fairly compensates all involved.CLOSING THOUGHTS

What is a charity/foundation/cause you regularly support or volunteer with?

I’m on the board of PBS SoCal. I also serve on the board’s content and distribution committee, through which I provide feedback and look for opportunities to bring more diverse voices to the network’s programming.

What have you learned about yourself as you’ve advanced in your career? I’ve learned that I’m resilient, and that has allowed me to continue to grow to higher levels in my career.

What’s something about you that would surprise your fellow Women of Influence honorees? 

I’m an avid golfer and really into football.

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Rimon Law Launches Global Private Credit Practice with Addition of 6 New Attorneys

New York, NY – Rimon Law today announced the arrival of finance attorneys Dorothy Foster (Boston), Jake Mendoza (Chicago), Sarah Challen McKee (London), Tim Kennedy (London), Chloe Abbott (London) and Hallie Tucker (London).  The group will join Rimon’s existing private placement and private credit team as part of the firm’s new Global Private Credit Practice.

The members of Rimon’s Global Private Credit Practice are market-leaders in the debt private placement market, acting for investors on transactions across the US, UK, Europe, Australia/New Zealand and Latin America.  The team also specializes in private credit, representing asset managers and credit funds on a range of direct lending, junior capital and minority equity investments. The Global Private Credit Practice also includes finance and corporate attorneys Michael GustafsonMargaret Parker-YavuzSteven ToyStephen Fang and Tom O’Connor, who joined Rimon earlier this year.

“We are thrilled to welcome Dorothy, Jake, Sarah, Tim, Chloe and Hallie to the firm, and to officially launch our Global Private Credit Practice,” said Rimon Managing Partner Juan Zúñiga. “Rimon has grown significantly in recent years and the addition of this sophisticated global practice is an important milestone in our development. This group also significantly expands our London and Sydney service offerings.  Our continued, selective and successful international expansion sets Rimon apart from other law firms in our peer set and provides enhanced offerings to our clients.”

“We are very excited that Dorothy, Sarah, Chloe, Tim and Hallie have rejoined us at Rimon and that Jake has chosen to join us on the investor side of the private placement practice, adding to Rimon’s deep bench of experienced private credit and private placement lawyers spread across the US, UK and Australia”, commented Tom O’Connor and Michael Gustafson.  “We are grateful for the commitment Rimon has shown to building a global private credit practice, and we continue to believe that Rimon’s flexible model and global footprint is the perfect fit for our team.”

Dorothy Foster remarked on her move: “I am delighted to be reuniting with many of my former colleagues whom I view as some of the best lawyers in the global private placement market and I am eager to work with them to leverage the unique opportunities that the Rimon platform provides to enrich and expand our private placement practice, as well as grow our private credit practice, in the United States and throughout the globe.”

Jake Mendoza commented: “I am excited to be part of Rimon’s growth, including the chance to help expand its new Global Private Credit Practice in the United States, the United Kingdom, Europe, Latin America and beyond. I am thrilled to join a stellar team that I have known well for most of my career, having previously worked on countless transactions with them in the global institutional finance marketplace.”

Team Biographies

Dorothy Fosterfocuses her practice on domestic and cross-border private placement financings, secured and unsecured debt and equity investments, and the restructuring of financial investments. She regularly represents institutional investors and other financial institutions in a variety of domestic and cross-border financial transactions, including purchases of privately placed debt and equity securities, secured and unsecured lending transactions, mezzanine finance, and other subordinated debt and equity investments. Dorothy served as a law clerk for the Hon. Flemming L. Norcott, Jr. of the Connecticut Supreme Judicial Court.  She earned her J.D. with honors from the University of Connecticut School of Law and her B.A, summa cum laude, from the University of Connecticut.

Jake Mendoza’s practice focuses on corporate finance and the representation of participants in the global institutional financial marketplace. He represents clients in a range of financing transactions, including bank syndications, private secured and unsecured debt placements, bilateral lending and various bank finance products. Jake has a specialized practice focusing on cross-border private placements of securities to various financial institutions.  He has broad international experience across a variety of jurisdictions and industries, having acting on numerous matters in the United States, Europe, the United Kingdom, Canada, Mexico, South Africa, Australia and New Zealand. Jake received his B.A. from Purdue University and his J.D. from the University of Michigan Law School.

Sarah Challen McKeefocuses on financing and cross-border debt restructuring transactions. She has experience advising lenders on a range of matters, including direct lending, private placements, financial restructurings, leveraged finance and acquisition finance. Prior to joining the Rimon, Sarah trained and practiced in the London office of a leading law firm, which included working in their office in Brussels.  Sarah graduated from BPP University Law School, England (L.P.C.) and University of Oxford (B.A.)

Tim Kennedyis a finance associate in the private credit team based in the London office, with a particular focus on private credit transactions and debt private placements.  He acts for institutional investors, investment funds and other financial institutions including non-traditional lenders on a range of complex cross-border and domestic financing transactions.  Prior to joining Rimon, Tim was an associate in the London office of Akin Gump Strauss Hauer & Feld LLP having trained in the London office of Mayer Brown LLP. Tim graduated from BPP University Law School, England with his L.P.C. and LL.B. (Hons).

Chloe Abbottis a London based finance lawyer specializing in cross border financings, with a focus on debt private placements and mid-market private credit. Her practice includes advising institutional investors, insurance companies, investment funds and non-traditional lenders on a wide range of complex debt transactions including syndicated, club and bilateral private placements, direct lending and private credit transactions. Prior to joining Rimon, Chloe practiced in the London office of leading law firms including Akin Gump Strauss Hauer & Feld LLP and Ashurst LLP, and completed a secondment with a prominent private capital provider. She earned her L.P.C. and M.Sci from the University of Law, London and her B.A Lawfrom the University of Cambridge.

Hallie Tuckerrepresents institutional investors, asset managers, insurance companies, and other financial institutions in a variety of domestic and cross-border financial transactions, including private credit, direct lending and bilateral and syndicated private placement transactions. Hallie earned her BA with honors from the University of Durham, a GDL from BPP University Law School in London and her LPC MSc from the University of Law in London.

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