2014 wrote:Sort of related question to this. Going into OCI, for bros interested in bankruptcy, should we worried enough to consider getting interested in some other practice area?
I would say no, but there is a bias there because I'm on my way into a major restructuring practice (not Weil, think Kirkland/Davis Polk/Jones Day). Restructuring has slowed somewhat, but it's not clear that the situation is any better in other practice areas, especially corporate. I suspect Weil's situation is somewhat anomalous because the size of Lehman's chapter 11 was completely unprecedented. It was also a long-lasting case. It must have really inflated the firm's ranks.
AllTheLawz wrote:Serious question.... are law students ACTUALLY interested in bankruptcy/how the hell do you know you are interested in bankruptcy?
I knew I wanted to do bankruptcy. I have a finance background, read the financial news and understood the kind of deals that go on, worked in the practice area 1L and 2L year, took three bankruptcy courses in law school plus secured transactions, etc. There are people in law school that are reasonably tuned in to finance and business such that they can make an educated guess as to what practice area would suit them.
jitsrenzo wrote:What does this mean for Restructuring groups at other firms?
Not much I hope, but we'll see.