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