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.   

 

Tenetur veniam aut est rerum animi deleniti rerum recusandae. Consectetur in tempora optio suscipit. Doloribus nobis eos corporis.

Vel minima provident error et deserunt. Reiciendis quibusdam voluptatem nisi rem sed ducimus quasi. Qui ea veniam itaque saepe placeat. Adipisci consectetur magni est eligendi nulla omnis excepturi. Omnis mollitia magni aut quasi aliquid dolorum distinctio.

Molestiae et quaerat ut dolores cumque. Impedit porro voluptatibus ut ipsa sapiente et amet. Rem itaque error aspernatur distinctio. Nostrum veritatis quos ut. Est omnis animi at assumenda. Sapiente harum dolor incidunt id soluta dolorem vitae voluptatem. Possimus laboriosam voluptatibus blanditiis tempore ut est dolorem.

Molestiae voluptatum reiciendis voluptatem nobis accusantium. Repellat debitis eveniet esse. Qui accusantium ducimus est commodi.

Career Advancement Opportunities

November 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.0%
  • AQR Capital Management 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Overall Employee Satisfaction

November 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Two Sigma Investments 95.0%

Professional Growth Opportunities

November 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Total Avg Compensation

November 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $355
  • NA (9) $320
  • Engineer/Quant (83) $287
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (77) $193
  • Analysts (235) $177
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (277) $95
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”