David Eisman, a partner at Skadden Arps with two decades of experience, has left the firm to join OnlyFans in a legal capacity. The move represents a notable departure from traditional BigLaw practice, though Eisman remains on the legal side of the content-creation platform's operations.
The shift reflects broader trends in legal talent migration from established law firms to technology and media companies. OnlyFans has expanded its legal team to handle compliance, creator agreements, and regulatory matters as the platform navigates complex issues around content moderation and financial services.
Separately, Above the Law published a ranking of the most prestigious BigLaw firms operating in Texas, evaluating regional market leaders by various metrics including client base and practice strength.
The publication also examined billing versus collections challenges facing BigLaw firms. Law firms increasingly struggle to convert their standard hourly rates into actual revenue, as clients resist paying stated rates and demand discounts or alternative fee arrangements.