Typical Week for a Bankruptcy Attorney?
Posted: Wed Mar 04, 2020 6:57 pm
Can someone do me a massive favor and walk me through the typical work week for a v10 bankruptcy associate?
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That doesn't sound bad at all - whats up with the bankruptcy practice horror stories and sleepless nights / 24/7 work schedule that we all see on this board?Anonymous User wrote:Sure. Midlevel at a V10, mostly debtor side.
As a midlevel, I oversee juniors and run particular workstreams. As a junior, you're mostly taking the pen on first drafts of docs, performing first-day prep, and handling anything else the team needs.
Here's this week for me.
Monday: morning: handle things that came in over the weekend that weren't particularly important or that I didn't feel like doing (not much this weekend); calls on a few different matters at different stages (some in BK, some near term filings, others in very early stages); afternoon: more calls, review draft docs for near-term filing matter, meeting on early-stage matter; leave, don't work in evening
Tuesday: morning: few calls in the morning, continue reviewing docs for near-term filing; review docs for in-court matter; afternoon, more calls, more reviewing; leave, don't work in evening
Wednesday: hear from partner early AM that we have an in-person meeting for early-stage matter and I need to be there, make travel plans, run home to pack; while at home, take calls as necessary; evening, head to airport
Thursday (tomorrow): in person meeting all day, will likely get super behind, travel home in evening
Friday: calls in AM, catch up on stuff that I ignored yesterday, call it a day at 5:30 or so
Sat/Sun: hopefully nothing more than answering a few emails, none of my matters are in an urgent stage right now, and most of my clients are fairly reasonable about this stuff
B/c of travel, I'll probably bill 55ish hours this week. In a typical week w/o travel, could be as little as 40-45 or 60+ if we're near filing. I'm usually out of the office by 5:30-6 most days and don't really work much in the evening other than answering a few emails or taking a call now and then. Running up to a filing is much busier, and that happens a few times per year, but I typically know when that's coming (for the most part). I'd say I probably travel at least 1-2 times per month for 1-2 days (hearings, meetings), longer if we're filing a case.
As a junior, you won't be traveling much other than for filings (and diligence if necessary), but instead will be turning the comments that I/partner provide, take the first draft of presentations and other docs, research particular issues as they come up, and pretty much do anything the team needs.
Is that 100+ hour week BILLABLE or WORKED?Anonymous User wrote:V10 mid level.
Some cases are worse than others, and if you’re on one of those, your life can suck for a period of time, but it’s not constant.
Even as a first year, I never broke 90, and that was in a filing week when you have to be up until 3-4a for a few days to get a company into chapter 11. My worst 2-week stretch was a few months back where as a mid level on a small-ish where I was running the first-day prep/deal docs/financing and had to pull a 80ish hour week followed by a 100+ hour week, but the weeks before/after were as I described.
It’s very exaggerated, but the weeks leading up to a filing can be rough.
I should also add that, as you move up, your ability to push work down/manage up becomes easier.