What are the exit options for top nyc RESTRUCTURING groups?

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Anonymous User
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What are the exit options for top nyc RESTRUCTURING groups?

Postby Anonymous User » Sun Jul 15, 2012 11:20 am

Just curious where the top bankruptcy lawyers (Weil, Kirkland, Skadden) go after working their 4-5 years to get experience. I assume the attrition rate is as high as it is in other groups since the hours in elite BK groups anecdotally is 2600-3000/yr.

top public m&a --> lower firm, in house (particularly at f500), maybe IBD associate
top capital markets --> lower firm, in house (particularly at banks)
top PE m&a --> lower firm, in house (at banks, and maybe a fund)
top Lit --> lower firm, public interest, botique, midlaw, fedgov
top restructuring--> lower firm, ????????????

ruski
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Re: What are the exit options for top nyc RESTRUCTURING groups?

Postby ruski » Sun Jul 15, 2012 12:49 pm

i know a few that transitioned into business roles. restructuring is much more driven by the legal aspects than other areas, and thus having a legal background in it is very useful in the business role. the guys i know weren't even from top shops (the ones you listed) but came from second-tier nyc practices.


Anonymous User
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Re: What are the exit options for top nyc RESTRUCTURING groups?

Postby Anonymous User » Sun Jul 15, 2012 1:15 pm

so it's possible to go:

4-5 years top bankruptcy group (Weil/K&E) --> restructuring banking --> M7 MBA --> Associate at Distressed Asset Hedge Fund??

Granted you'd be like 35 by the time you got their.

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Re: What are the exit options for top nyc RESTRUCTURING groups?

Postby Anonymous User » Sun Jul 15, 2012 4:10 pm

Anonymous User wrote:so it's possible to go:

4-5 years top bankruptcy group (Weil/K&E) --> restructuring banking --> M7 MBA --> Associate at Distressed Asset Hedge Fund??

Granted you'd be like 35 by the time you got their.


You wouldn't need to be an MBA. And 35 is only old if you're a K-JD (which, in turn, would decrease your odds of pulling this off).

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gyarados
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Re: What are the exit options for top nyc RESTRUCTURING groups?

Postby gyarados » Sun Jul 15, 2012 5:19 pm

Anonymous User wrote:Just curious where the top bankruptcy lawyers (Weil, Kirkland, Skadden)

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Re: What are the exit options for top nyc RESTRUCTURING groups?

Postby Anonymous User » Sun Jul 15, 2012 6:16 pm

Skadde is band 1 for restructuring in Chambers brah

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Old Gregg
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Re: What are the exit options for top nyc RESTRUCTURING groups?

Postby Old Gregg » Sun Jul 15, 2012 7:21 pm

So is Davis Polk. Your point???

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Re: What are the exit options for top nyc RESTRUCTURING groups?

Postby Anonymous User » Sun Jul 15, 2012 8:05 pm

I think you'd still need an m7 MBA for ^^^^ path to banking/buy side

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Re: What are the exit options for top nyc RESTRUCTURING groups?

Postby Anonymous User » Sun Jul 15, 2012 8:10 pm

Anonymous User wrote:I think you'd still need an m7 MBA for ^^^^ path to banking/buy side


An MBA would be a waste of time or money for a midcareer professional switching sides in bankruptcy. The credential you need is your experience in bankruptcy legal work, not 2 years of boozing and shmoozing.




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