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Day in the life of a rainmaker: reputation, contacts invaluable for attracting new business.


A Hollywood executive has been fired. He's hurt, angry and ready to sue his former employer, and he's turned to Brian O'Neill Brian Francis O'Neill (born January 25, 1929 in Montreal, Quebec) was an executive within the National Hockey League.

O'Neill oversaw the NHL's expansion draft in 1967 and later looked after the NHL Entry Draft until he took over as executive vice-president after Clarence
, a founding partner of O' Neil!, Lysaght & Sun LLP LLP - Lower Layer Protocol , for a little fatherly fa·ther·ly  
adj.
1. Of, like, or appropriate to a father: fatherly love.

2. Showing the affection of a father.

adv.
In a manner befitting a father.
 advice.

O'Neill, sitting behind his desk on the 7th floor of 100 Wilshire Blvd. in Santa Monica Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , jots a few notes on a legal pad as he patiently listens to the client's gripes gripe  
v. griped, grip·ing, gripes

v.intr.
1. Informal To complain naggingly or petulantly; grumble.

2. To have sharp pains in the bowels.

v.tr.
1.
. Considering that O'Neill makes his living as a trial attorney, his advice seems counter-intuitive. Move on with your life and forward with your career.

Filing a lawsuit, he explains, could cause irreparable harm to your reputation in town. Better to let it go for now. You could always decide to sue later.

"Nine times out of 10 in these cases it's not about the money' says O'Neill. "People just don't like the feeling they're getting screwed."

At 61, O'Neill is one of the deans of L.A. rainmakers. He's among an elite band of lawyers responsible for bringing in millions of dollars annually to their respective firms.

O'Neill works primarily as a criminal defense lawyer, representing individual and corporate clients facing prosecution for everything from securities fraud to tax evasion The process whereby a person, through commission of Fraud, unlawfully pays less tax than the law mandates.

Tax evasion is a criminal offense under federal and state statutes. A person who is convicted is subject to a prison sentence, a fine, or both.
. But he handles any number of other clients, including Michael Bay, the director of "Armageddon" in his lawsuit against Merrill Lynch over alleged rogue trading, coach Bill Fitch in his contract dispute with the L.A. Clippers, and Roy Olofson, Global Crossing's former vice president of finance, in a defamation lawsuit against company executives.

For O'Neill, being a successful rainmaker Rainmaker

An employee of a brokerage firm who brings a large amount of wealthy individuals or corporations to the brokerage firm's client base.

Notes:
Rainmakers are usually compensated very well for their efforts (or connections).
 isn't about glad-handing clients. It's about conveying a sense of competence and confidence, being able to offer the wisdom and experience to guide people through difficult problems.

"I don't go around entertaining clients, taking them out to dinner. I'd much rather go out and have dinner with my wife," says O'Neill, whose corner office commands a panoramic view of the Pacific. "I get business because I do good work."

With his graying hair and tortoise-shell tor·toise·shell also tor·toise-shell or tor·toise shell  
n.
1.
a. The mottled, horny, translucent, brownish covering of the carapace of certain tortoises or turtles, especially the hawksbill, used to make combs,
 glasses, O'Neill looks the part of the sage advisor. The second child in an Irish Catholic family of 11, he grew up in Santa Monica, attending Saint Monica High School and playing varsity basketball.

O'Neill says he was into his second year at Notre Dame when his professors concluded that he lacked focus. They shipped him off to the career counselor, who concluded O'Neill was best suited for a job as a journalist or an attorney. "I decided there's a lot more money in the latter," he says.

Experience with U.S. Attorney

After graduating from Fordham Law School, O'Neill landed a job with the U.S. Attorney's Office in Los Angeles, eventually working his way up to chief of the major frauds unit.

It was real cops and robbers stuff, he recalls -- wire tapping, grand juries.

With his experience as a federal prosecutor, O'Neill joined what was then Manatt, Phelps in 1974 - and quickly recognized the importance of connections provided by Charles Manatt, one-time head of the Democratic National Committee.

In 1982, O'Neill left Manatt to open his own practice, establishing a niche handling white-collar cases. Many of the larger firms didn't do a lot of work in that arena. At the same time, they needed a law firm they felt comfortable sending clients to.

The big firms live in a very conservative culture, says O'Neill. "They're not going to send a valued client to some guy who takes off work because 'The surf's breakin', dude.'"

It's just before noon and time for a conference call that has to do with a financing deal that went south. Partner Luan Phan steps in and gives O'Neill a quick briefing.

The case involves a publicly traded company publicly traded company

A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market.
 that lost money in a deal with foreign investors. O'Neill quickly shifts gears from wrongful termination wrongful termination n. a right of an employee to sue his/her employer for damages (loss of wage and "fringe" benefits, and, if against "public policy," for punitive damages).  to discussing debentures and the minutia mi·nu·ti·a  
n. pl. mi·nu·ti·ae
A small or trivial detail: "the minutiae of experimental and mathematical procedure" Frederick Turner.
 of securities law. Phan appears in command as he sums up the issues and outlines the legal strategy.

O'Neill is involved in part for show, to let the client know he's closely involved. But it's evident that he understands the nuances of the case. The client, an attorney himself, asks specific questions and O'Neill offers a clear course of action that should be taken.

After the call, O'Neill has time for a quick turkey on rye while awaiting his next client. While munching his lunch, O'Neill ponders what it takes to be an effective rainmaker. Early on in his practice, he learned the importance of being perceived as a success.

"When I went out on my own, and people asked how I was doing, and I'd always say 'I'm doing great,"' says O'Neill. The truth, he says, is people want to be around winners. Also, a good rainmaker needs to be able to analyze complex legal issues and explain them in a way people can understand.

Authority an litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
 

O'Neill has worked diligently to establish himself as an authority on criminal and civil litigation. He's written several books and articles on such topics as using RICO RICO n. .  laws in civil cases, the role of experts and consultants in complex cases and the criminal consequences of SEC investigations.

He is also active in the California and American bar associations American Bar Association (ABA), voluntary organization of lawyers admitted to the bar of any state. Founded (1878) largely through the efforts of the Connecticut Bar Association, it is devoted to improving the administration of justice, seeking uniformity of law  and teaches seminars for the National Institute for Trial Advocacy. He has served as a commentator on CNN CNN
 or Cable News Network

Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world.
 for such high-profile cases as the O.J. Simpson trial.

Writing an article, teaching a law seminar or taking the time to get to know someone might not translate immediately into work, but at some point it may. An attorney who has read one of his articles or attended one of his seminars might just steer a client O'Neill's way. Someone he met playing golf might need some advice.

Bruce Jeffer, managing partner of Jeffer, Mangels mangels

Beta vulgaris; called also mangel-wurzel.
, Butler & Marmaro LLP, worked with O'Neill years ago when they were both at Manatt. He described O'Neill as gregarious and well connected. "He has good street smarts street smarts Vox populi Worldly wisdom and wariness in human interactions. Cf Social smarts.  and a wealth of good common sense people like," he said.

Being friendly and able to make a connection is hugely important for any good rainmaker, Jeffer added. "You can be a spectacular technician, but if you don't inspire confidence nobody will listen to you."

Take the entertainment industry executive O'Neill advised that day. He had no qualms about telling the client it was not advisable to sue. O'Neill didn't even plan to bill the executive for his time. "I look at it as part of the cost of business development," he says. "Besides, in four years this person will probably be running this town. Maybe they'll need me then."

With a signal from his secretary, O'Neill grabs his plate with what's left of his lunch and heads out to the reception area to meet his next client, an executive of a non-profit agency under investigation by the U.S. Attorney's Office for alleged misappropriation misappropriation n. the intentional, illegal use of the property or funds of another person for one's own use or other unauthorized purpose, particularly by a public official, a trustee of a trust, an executor or administrator of a dead person's estate, or by any  of government funds. O'Neill, dressed casually in a neck sweater and slacks, warmly greets his client and asks if he would like a sandwich. O'Neill leads the man through the office to a conference room, exchanging pleasantries pleas·ant·ry  
n. pl. pleas·ant·ries
1. A humorous remark or act; a jest.

2. A polite social utterance; a civility: exchanged pleasantries before getting down to business.
 and talking about shared acquaintances in the political arena.

While O'Neill meets with his client, Managing Partner John Moscarino talks about the importance of rainmakers to the firm. O'Neill, Lysaght & Sun has 19 attorneys, making it tiny by L.A. standards. The firm prospers because it has O'Neill and senior partners Brian Lysaght and Brian Sun who attract some big-name clients. Part of the new business stems from the principals' extensive network of contacts, and partly from the recognition they gain by handling high-profile cases. O'Neill, for instance, helped Waste Management Inc., win dismissal of a 25-count indictment accusing the company with securities fraud and theft of trade secrets.

Lysaght, who handles complex litigation in commercial cases, is credited with winning four of the top 10 jury verdicts in the state over the last six years. "We have a reputation as go get em trial attorneys with a good, hard approach, says Moscarino.

O'Neill pops out of his meeting, promising to contact the U.S. Attorney himself to see if he can determine what his beef is and see if he can't work out a solution.

Back at his desk, he leans back in his chair and declares himself a lucky man. His clients tend to be smart, interesting people with compelling stories to tell. Plus, he's careful not become a workaholic work·a·hol·ic
n.
One who has a compulsive and unrelenting need to work.
, generally putting in no more than 10 hours a day. "And I get paid for this?" he says.

Being an effective rainmaker is often simply a matter of taking an interest in folks.

"People who come to us face a problem that can be career or even life threatening," he says. "All they're looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 is someone who pays attention to their problem, cares about it and takes it personally."
COPYRIGHT 2002 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:Day in the life of a rainmaker: reputation, contacts invaluable for attracting new business.
Author:Woodard, Christopher
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1U9CA
Date:Mar 4, 2002
Words:1473
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