Bankruptcy Attorney

What Does a Bankruptcy Attorney Do?

 

• The practice area focuses on what happens when individuals or companies experience financial difficulties and go bankrupt.
• Bankruptcy law provides for the development of a plan that allows a debtor to resolve debts through the division of assets among creditors.
• There are different bankruptcy proceedings available to debtors, including reorganization and dissolution.
• Bankruptcy cases are litigated in the United States Bankruptcy Courts, and cases are filed under Chapters 7, 11, 12, and 13.
• This practice can involve counseling clients that are considering going bankrupt, as well as representing clients that are in bankruptcy.
• The work involves litigation-related tasks, drafting various loan agreements, restructuring documents, and similar documents.
• Attorneys can also go to trial in these cases; however, the trials are not standard jury trials.
• This is also a countercyclical practice area that is busiest when the economy is at its worst.

Why Do Bankruptcy Attorneys Enjoy Their Jobs?
 

• This is a good practice area for people who enjoy negotiation and gamesmanship.
• There is a lot of deal making done in this practice area, and attorneys tend to do more business-oriented work than general litigation attorneys.
• Attorneys in this practice area also have more marketable skills than many other types of attorneys because there is a lot of very specialized learning for attorneys to master before they become bankruptcy attorneys.

 
What Are the Difficulties of Being a Bankruptcy Attorney?
 

• Attorneys who do not enjoy bankruptcy typically do not enjoy litigation, the complexity of the work or the fact that the fast-moving cases can demand long hours and a massive amount of time.
• Attorneys become frustrated by this practice area because judges have a great deal of discretion regarding the arguments they will hear and attorneys need to frequently defend against meritless arguments.

 
How Easy Is It to Move Laterally as a Bankruptcy Attorney?
 

• This is a good practice area because it is a relatively small bar and in addition to major law firms, there are also much smaller and well-regarded boutiques that do this work as well.
• This is a countercyclical practice area, and this means that when the economy is good, it can be difficult for these attorneys to find work. In fact, in all but the [worst] economies, bankruptcy attorneys worry about work.
• A major drawback of this practice area is that there are consistently very few jobs and it tends to be very difficult for attorneys to move laterally and searches often take some time.
• On the flip side, most bankruptcy attorneys always end up getting jobs because while firms may move slowly, there is always some place that will hire them.
• Most large, general practice law firms maintain at least one or two bankruptcy attorneys in most of their offices when they get over 100 attorneys, because work comes in and they could always get a big case.
• At the senior level, there is some stability that attorneys get in larger law firms because they always want to have someone around.
• Most of the significant work is done in New York, and smaller markets are more difficult to get jobs in.

See the current Bankruptcy job openings we are recruiting for here: Bankruptcy Attorney Jobs

• Federal Magistrate Clerk Placed with Elite Bankruptcy Boutique in NYC (Received Full NYC Market Salary + $75k Clerkship Bonus!)
• Bankruptcy Law Clerk Lands at a Boutique Litigation Firm in LA
• Unemployed Bankruptcy Attorney in Chicago Seeking a New Position
• Bankruptcy Attorney From Detroit Interested in Relocating to New York City
• Senior East Coast Bankruptcy Attorney Desires to Return to New York City
• Bankruptcy Attorney in New York Interested in a Better Platform for their Practice
• Senior Bankruptcy Attorney in New York City Seeking to Go to a New Firm
• East Coast Bankruptcy Attorney Seeking New Pastures
• Bankruptcy Clerk in a Small Market Relocates to New York City with No Contacts

About Harrison Barnes

Harrison Barnes is a prominent figure in the legal placement industry, known for his expertise in attorney placements and his extensive knowledge of the legal profession.

With over 25 years of experience, he has established himself as a leading voice in the field and has helped thousands of lawyers and law students find their ideal career paths.

Barnes is a former federal law clerk and associate at Quinn Emanuel and a graduate of the University of Chicago College and the University of Virginia Law School. He was a Rhodes Scholar Finalist at the University of Chicago and a member of the University of Virginia Law Review. Early in his legal career, he enrolled in Stanford Business School but dropped out because he missed legal recruiting too much.

Barnes' approach to the legal industry is rooted in his commitment to helping lawyers achieve their full potential. He believes that the key to success in the legal profession is to be proactive, persistent, and disciplined in one's approach to work and life. He encourages lawyers to take ownership of their careers and to focus on developing their skills and expertise in a way that aligns with their passions and interests.

One of how Barnes provides support to lawyers is through his writing. On his blog, HarrisonBarnes.com, and BCGSearch.com, he regularly shares his insights and advice on a range of topics related to the legal profession. Through his writing, he aims to empower lawyers to control their careers and make informed decisions about their professional development.

One of Barnes's fundamental philosophies in his writing is the importance of networking. He believes that networking is a critical component of career success and that it is essential for lawyers to establish relationships with others in their field. He encourages lawyers to attend events, join organizations, and connect with others in the legal community to build their professional networks.

Another central theme in Barnes' writing is the importance of personal and professional development. He believes that lawyers should continuously strive to improve themselves and develop their skills to succeed in their careers. He encourages lawyers to pursue ongoing education and training actively, read widely, and seek new opportunities for growth and development.

In addition to his work in the legal industry, Barnes is also a fitness and lifestyle enthusiast. He sees fitness and wellness as integral to his personal and professional development and encourages others to adopt a similar mindset. He starts his day at 4:00 am and dedicates several daily hours to running, weightlifting, and pursuing spiritual disciplines.

Finally, Barnes is a strong advocate for community service and giving back. He volunteers for the University of Chicago, where he is the former area chair of Los Angeles for the University of Chicago Admissions Office. He also serves as the President of the Young Presidents Organization's Century City Los Angeles Chapter, where he works to support and connect young business leaders.

In conclusion, Harrison Barnes is a visionary legal industry leader committed to helping lawyers achieve their full potential. Through his work at BCG Attorney Search, writing, and community involvement, he empowers lawyers to take control of their careers, develop their skills continuously, and lead fulfilling and successful lives. His philosophy of being proactive, persistent, and disciplined, combined with his focus on personal and professional development, makes him a valuable resource for anyone looking to succeed in the legal profession.

About BCG Attorney Search

BCG Attorney Search matches attorneys and law firms with unparalleled expertise and drive, while achieving results. Known globally for its success in locating and placing attorneys in law firms of all sizes, BCG Attorney Search has placed thousands of attorneys in law firms in thousands of different law firms around the country. Unlike other legal placement firms, BCG Attorney Search brings massive resources of over 150 employees to its placement efforts locating positions and opportunities its competitors simply cannot. Every legal recruiter at BCG Attorney Search is a former successful attorney who attended a top law school, worked in top law firms and brought massive drive and commitment to their work. BCG Attorney Search legal recruiters take your legal career seriously and understand attorneys. For more information, please visit www.BCGSearch.com.