Bankruptcy lateral Forum

[Anonymous User]

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]

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]

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]

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]

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]

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]

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.