general comm'l lit'n practice: bankruptcy vs. secreg? Forum

[Tsispilos]

If you were going to practice general commercial litigation, and bankruptcy and secreg were offered at the same time, which would you pick and why?

[Aberzombie1892]

Commercial litigation?

Securities Regulation all the way.

Do you plan on taking the other course?

EDIT: What exactly do you mean by commercial litigation? What area(s) exactly?

[Tsispilos]

Commercial litigation?

Securities Regulation all the way.

Do you plan on taking the other course?

EDIT: What exactly do you mean by commercial litigation? What area(s) exactly?

What exactly do you learn in secreg?

I'm not sure exactly what I'll be doing yet, but my firm placed me in their "commercial litigation" department, which they say is really broad--it covers issues from insurance coverage, breach of contract, corporate derivative suits, creditors rights, etc. It's basically everything in their litigation department that isn't covered by their labor/employment or personal injury defense divisions. I asked them what I should take, and they said "whatever you want."

[Aberzombie1892]

Holy sh*t batman.

So essentially, you will get a survey of all of their commercial litigation areas.

Is secured transactions offered as well? If so, I would take secured transactions (it's a precusor to bankruptcy at some schools) and securities regulation.

Securities regulation is the US Fed. securities law (SEC). It includes: regulations, offering and underwriting procedures, securities markets, and security intermediaries.

[spondee]

I asked them what I should take, and they said "whatever you want."

During interviews I asked a few BigLaw partners what to take, and that's what most of them said. One NY litigation partner recommended securities regulation. But considered altogether, they were really apathetic. So, if they don't care, take professors, not classes.

[Aberzombie1892]

I asked them what I should take, and they said "whatever you want."

During interviews I asked a few BigLaw partners what to take, and that's what most of them said. One NY litigation partner recommended securities regulation. But considered altogether, they were really apathetic. So, if they don't care, take professors, not classes.

This is good advice as well. I would still take securities regulations/secured transactions (at least before graduation), but I would be aware of how good the professors for those courses are. Good professors are an important part of the equation.