Bankruptcy lateral

(On Campus Interviews, Summer Associate positions, Firm Reviews, Tips, ...)
Forum rules
Anonymous Posting

Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.

Failure to follow these rules will get you outed, warned, or banned.
Anonymous User
Posts: 325065
Joined: Tue Aug 11, 2009 9:32 am

Bankruptcy lateral

Postby Anonymous User » Fri Aug 05, 2016 11:13 am

Starting in bankruptcy group of Weil/Kirkland in the fall. Seems like amazing opportunities but lots of work. Was wondering what lateral opps look like from those two firms from bankruptcy to either other law firms or to finance/banking like distressed debt if I am able to stick t out for 2-3 years.

tyroneslothrop1

Bronze
Posts: 285
Joined: Fri Apr 01, 2016 3:48 pm

Re: Bankruptcy lateral

Postby tyroneslothrop1 » Fri Aug 05, 2016 11:24 am

Kirkland is going to work you to the bone! Enjoy! Don't really know about exit ops. Conventional wisdom is that you are a far more desirable candidate after 5 years than 2-3.

Anonymous User
Posts: 325065
Joined: Tue Aug 11, 2009 9:32 am

Re: Bankruptcy lateral

Postby Anonymous User » Fri Aug 05, 2016 11:27 am

tyroneslothrop1 wrote:Kirkland is going to work you to the bone! Enjoy! Don't really know about exit ops. Conventional wisdom is that you are a far more desirable candidate after 5 years than 2-3.


I'm aware that's conventional wisdom but I figured work to the bone doing something I might enjoy rather than to the cartalidge doing something that makes me bored as hell (gen corporate).

tyroneslothrop1

Bronze
Posts: 285
Joined: Fri Apr 01, 2016 3:48 pm

Re: Bankruptcy lateral

Postby tyroneslothrop1 » Fri Aug 05, 2016 11:30 am

Yeah not disparaging your life choices. My friend is a Kirkland first year in DC. She likes it, while getting worked to the bone, but she is also something of a psycho.

Anonymous User
Posts: 325065
Joined: Tue Aug 11, 2009 9:32 am

Re: Bankruptcy lateral

Postby Anonymous User » Fri Aug 05, 2016 11:32 am

tyroneslothrop1 wrote:Yeah not disparaging your life choices. My friend is a Kirkland first year in DC. She likes it, while getting worked to the bone, but she is also something of a psycho.


I think you've got to be. But in reality seems like everyone works hard so it just seemed last summer like the people doing the best were the people who had some semblance of enjoyment of what they were doing. But not to get to off track does anyone have ideas on exit options? How is it switching to another firm to corporate or lit from bankruptcy?

Anonymous User
Posts: 325065
Joined: Tue Aug 11, 2009 9:32 am

Re: Bankruptcy lateral

Postby Anonymous User » Fri Aug 05, 2016 12:11 pm

I worked at a smaller bankruptcy firm in NY. The lateral moves I saw out of our firm were:

- associate went to a V30 bankruptcy group shortly after entering his second year at the firm

- 4th year associate went to same V30 shop with the 2nd year

- 5th year associate went to a distressed debt researching company (making less but happy as shit)

- 2nd year went to a hedge fund to do compliance there

- 2nd year went to a V10 bankruptcy group

Those were the moves I saw that I can remember. We had some people switch practice area, but they went from lit to corp or corp to lit, none came from bankruptcy. Not to say it isn't possible, just that I never saw it in my limited anecdotal experience. I'm sure you could make that move if you wanted to.

Anonymous User
Posts: 325065
Joined: Tue Aug 11, 2009 9:32 am

Re: Bankruptcy lateral

Postby Anonymous User » Fri Aug 05, 2016 12:32 pm

Anonymous User wrote:I worked at a smaller bankruptcy firm in NY. The lateral moves I saw out of our firm were:

- associate went to a V30 bankruptcy group shortly after entering his second year at the firm

- 4th year associate went to same V30 shop with the 2nd year

- 5th year associate went to a distressed debt researching company (making less but happy as shit)

- 2nd year went to a hedge fund to do compliance there

- 2nd year went to a V10 bankruptcy group

Those were the moves I saw that I can remember. We had some people switch practice area, but they went from lit to corp or corp to lit, none came from bankruptcy. Not to say it isn't possible, just that I never saw it in my limited anecdotal experience. I'm sure you could make that move if you wanted to.


Thanks that is super helpful. Any more answers like that r much appreciated.



Return to “Legal Employment�

Who is online

The online users are hidden on this forum.