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 Offices: (Remote);