Mintz law firm re-helms sports practice with K&L Gates hire

(Reuters) - Two months after losing the leaders of its sports and entertainment practice to a rival, law firm Mintz, Levin, Cohn, Ferris, Glovsky and Popeo said Tuesday it has hired a partner from K&L Gates to take over the role.

Transactions lawyer Steven Olenick will chair the practice from the firm's New York office. In addition to his work for sports industry clients, the firm said Olenick has advised banks, private equity funds and family offices.

Olenick said he joined Mintz in part because the firm is planning to expand its sports and entertainment practice. He said his clients, whom he declined to name, are all coming with him to his new firm.

He cited legalized sports betting as one source of growth in the industries his practice serves.

"The asset values have increased and increased and increased," Olenick said.

Bob Bodian, Mintz's managing member, said in a statement, that Olenick is unique because of his "ability to combine and cross-pollinate his corporate transactional practice with his sports focus."

Olenick joined K&L Gates in 2020 after five years at Loeb & Loeb.

In September, Holland & Knight hired away three Mintz lawyers, including two who had served as leaders of its sports practice — Keith Carroll and Anthony Mulrain. The pair's litigation clients included former Miami Heat basketball players Dwyane Wade and Chris Bosh, rapper Bow Wow and the Boston Red Sox baseball team.

A K&L Gates spokesperson declined to comment on Olenick's departure.

(NOTE: This story has been updated with comments from Steven Olenick.)

Read more:

Mintz sports and entertainment leaders swap law firms for Holland & Knight

Our Standards: The Thomson Reuters Trust Principles.

Thomson Reuters

David Thomas reports on the business of law, including law firm strategy, hiring, mergers and litigation. He is based out of Chicago. He can be reached at d.thomas@thomsonreuters.com and on Twitter @DaveThomas5150.