Managing Director, Bankruptcy & Workouts
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
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