Restructuring Associate Exit Opps
I’m a lawyer currently working at a top restructuring firm. I enjoy my job a lot, but am beginning to think about long term exit options. I don’t want to be a lawyer forever and ultimate goal would be special situations/distressed debt.
To that end, I’m looking into doing a stint in an IB restructuring group to improve my marketability (also because I find it interesting). I would be going in as an associate and wanted to check in here to see what sort of exit opps are common for restructuring associates. Would appreciate any information on this question broadly or information relating to my specific situation to the extent anyone is familiar.
Bump
Well as you probably know well, Restructuring is a small world and a very specialized niche area. I think if you get experience as a RX banker at a top shop (Laz/PJT/Moelis/HL) you will have likely have opportunities to move into a distressed buyside shop. I’ve also seen bankers exit into RX consulting (my field) as well (and vice versa).
The one thing I would say is that spots at distressed shops like Oaktree, GoldenTree etc.. are very competitive even with a strong background. Not to say you can’t do it, but I would just remember that, especially if you are trying to leave as an associate or VP at a bank.
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