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Practice Area Insights: How to Excel in Bankruptcy & Restructuring

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Bankruptcy / Restructuring

Vault Law Resource Center

&lt;p&gt;Bankruptcy and restructuring lawyers represent debtors, creditors, equity interest holders, and other entities that may be interested in a business (such as a prospective acquirer) that is confronting financial difficulties. The practice can involve out-of-court negotiations to restructure a company’s financial affairs without the intervention of a court or bankruptcy reorganization litigation; there are practitioners who focus on either one of these aspects and others whose practices encompass both. Likewise, there are firms that specialize in representing creditors, others that focus on the representation of debtors, and broad practices that do both. Lawyers are often drawn to restructuring work to straddle the business and litigation sides. Bankruptcy involves an arcane set of rules that can take a long time to master. There are limited in-house positions for bankruptcy attorneys, so much of the practice is in a law firm setting. The practice is counter-cyclical—bankruptcy lawyers are most in demand in down markets. A clerkship at a federal bankruptcy court can be helpful, especially for those more interested in the litigation side rather than restructuring transactions. Some bankruptcy practitioners also earn an LL.M. in bankruptcy at some point in their careers.&lt;/p&gt;

Associate

Megan M. Wasson

Partner

Alexander Woolverton

Describe your practice area and what it entails.

What types of clients do you represent?

What types of cases/deals do you work on?

How did you choose this practice area?

What is a “typical” day like and/or what are some common tasks you perform?

What training, classes, experience, or skills development would you recommend to someone who wishes to enter your practice area?

What do you like best about your practice area?

What is unique about your practice area at your firm?

What are some typical tasks that a junior lawyer would perform in this practice area?

How do you see this practice area evolving in the future?

Nelly Almeida

Dennis Dunne

What is the most challenging aspect of practicing in this area?

What misconceptions exist about your practice area?

Jeff Michalik

Aparna Yenamandra

What is a typical day like and/or what are some common tasks you perform?

What kinds of experience can summer associates gain in this practice area at your firm?

What advice do you have for navigating the multidisciplinary nature of bankruptcy practice?

Deputy Chair of the Restructuring Department

Alice Belisle Eaton

Partner—Restructuring

Sean A. Mitchell

What types of clients do you represent? 

What types of cases/deals do you work on? 

What is unique about your practice area at your firm? 

What are some typical tasks that a junior lawyer would perform in this practice area? 

What advice do you have for navigating the multidisciplinary nature of bankruptcy practice? 

Overview

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Megan M. Wasson & Alexander Woolverton

Nelly Almeida & Dennis Dunne

Jeff Michalik & Aparna Yenamandra

Alice Belisle Eaton & Sean A. Mitchell

Alexa Kranzley

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Practice Area Insights: How to Excel in Bankruptcy & Restructuring

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