Law practices for special situations

I’m just starting out in big law and will most likely do M&A, structured finance and derivatives (eq & credit). Other than bankruptcy, are there any bodies of legal knowledge that would be useful and/or attractive (in recruiting) for a future transition to special situations?

I’m trying to get a feel for areas of finance that would allow me to leverage my legal experience and welcome suggestions or ideas other than special sits.

Thanks in advance.

5 Comments
 
Most Helpful

Levfin / credit is useful since you get a handle on credit agreements.  Activism defense / raid defense / contested m&a groups are decent if you are interested in merger arb type strategies, though often housed in M&A.  

You would be surprised at the mix of lawyers who end up in distressed / special situations seats at hedge funds.  There is alot more M&A representation than you would think, though maybe due to type of people who go to M&A.   

 

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