Peter Dekom has for some years carried a great deal of clout as a Hollywood entertainment attorney. When expartner Tom Pollock left to become a top exec at MCA, Dekom reinvented his law firm and continued to build the practice. A habitual punster, Dekom was in great demand as a speaker at conferences and also found time to write screenplays along the way under various pen names.
Holly Wood insiders were surprised, therefore, when word leaked out late last week that Dekom had parted company with his firm, Bloom, Dekom, Hergott & Cook, and will leave by year’s end.
The firm has consulted with outside counsel on the rights and obligations of a law-firm’s partners when a name partner departs, according to sources, who add that firm founder Jake Bloom has assisted in a search for a new job for Dekom.
According to sources, Dekom has been at odds with the firm’s partners for some time. Neither Dekom, who was on vacation but expected back after Christmas, nor Bloom returned several telephone calls seeking comment. Dekom did not attend the firm’s Christmas party on Dec. 14.
Industry legal mavens suggested that Dekom’s stock in the firm began to slide when he tried to orchestrate a bid to purchase Imagine Films Entertainment two years ago.
Nonetheless, he remains an admired dealmaker by clients and colleagues. His fierce loyalty to clients – often helping them get industry exec jobs without asking for compensation – is most often cited among his many strengths.
He is also widely credited with pioneering and developing the current entertainment legal industry practice of getting paid a percentage of a client’s earnings on a deal rather than taking a flat retainer.
Dekom was recently trying to establish industry ties to filmmakers in China in an effort to get in on the ground floor as the region gradually becomes more open to U.S. films and foreign distribution pacts.
As a legal-eagle upstart graduating from UCLA, Dekom joined Pollock, Rigrod & Bloom more than two decades ago, and helped the tiny firm grow into an imposing presence in the entertainment industry.