Ex-lawyers in distressed / SS
Which monkeys here are ex legal professionals who had private practice experience and now ended up in investment seats in SS / Distressed shops? If so, did you make a jump in IB first? Or first / currently work in a hybrid “restructuring” / “research” role at the fund you’re at?
Based on the most helpful WSO content, transitioning from law to investment banking, particularly in specialized areas like distressed or special situations (SS), can follow different paths. Here are some insights:
Jump to Investment Banking First:
Hybrid Roles:
Targeting Specific Banks:
Networking:
Convincing Story:
For more detailed guidance, you can refer to the full guide on transitioning from law to investment banking on Wall Street Oasis: https://www.wallstreetoasis.com/forum/investment-banking/law-to-investm…</a">Law to Investment Banking (One Monkey's How-To Guide).
Sources: Law to Investment Banking (One Monkey's How-To Guide), Law to Investment Banking (One Monkey's How-To Guide), Q&A: Vice President at London IB Boutique, Q&A: extreme poverty to non target to investment banking, Law School or Classes for Restructuring IB / Distressed / Credit investing roles
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PM
attempting to do that right now. PM.
Got there via IB. Know plenty of people who have done the research / workout path too. The distressed research role definitely pigeonholes you into distressed and it can be hard to get a core investing role even within distressed. It’s also hard to get into one of those roles unless your law job is in RX (mine was not). Banking was not necessarily fun but gave me the tools to have a broader option set.
Any chance i could PM you? No worries if not I just wanted to ask some qs
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