The Managing Director leads bankruptcy and restructuring efforts, develops recovery strategies, partners with investment teams, and manages external advisers to protect investments and mitigate risks.
Intro description:
Legalist is a tech-enabled alternative asset manager that uses proprietary data-driven origination to invest in uncorrelated legal and government-payment assets. Founded out of Y Combinator in 2016, Legalist manages over $1.7 billion for endowments, foundations, and family offices.
Legalist is seeking a Managing Director, Bankruptcy & Workouts to lead restructuring, workout, and distressed investment efforts across the platform. This is a high-impact, cross-functional role working closely with senior leadership to protect capital, drive recoveries, and navigate complex legal and financial situations.
Responsibilities:
- Lead bankruptcy, restructuring, and workout situations across investment portfolios
- Develop and execute recovery strategies, including litigation, negotiation, and restructuring pathways
- Step into complex or adversarial situations to protect Legalist’s position as a creditor or investor
- Partner with investment teams to address distressed or at-risk positions
- Evaluate distressed and special situations investment opportunities
- Manage external counsel and advisors in high-stakes matters
- Identify early warning signs and proactively mitigate risk
Qualifications:
- JD preferred
- 8–15+ years of experience in bankruptcy, restructuring, or distressed/special situations investing
- Background in a top law firm and/or distressed investment platform
- Deep expertise in U.S. bankruptcy law and creditor rights
- Strong commercial judgment and ability to operate across legal and investment considerations
- Proven ability to manage complex, high-pressure situations
Preferred Qualifications:
- Experience across multiple asset classes or investment strategies
- Familiarity with litigation finance or legal asset investing
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