Financial Restructuring Attorney

Munger, Tolles & Olson LLP; Los Angeles (CA); On-site; USD 190,000 - 250,000; Full time

Job summary

Munger, Tolles & Olson LLP is seeking an associate with 1–5 years of experience in bankruptcy or related litigation to join its nationwide restructuring practice. The role emphasizes asset purchases out of bankruptcy, company restructurings, and representing diverse constituents in complex matters.

The ideal candidate has a top-tier law school record, strong writing and litigation skills, and is admitted to the California Bar.

Qualifications

• 1–5 years of experience required in bankruptcy or related litigation.
• Strong writing and analytical skills with excellent references.
• J.D. from an ABA-accredited law school with outstanding academic record.

Responsibilities

• Work on complex bankruptcy cases, including asset purchases and restructurings.
• Represent key constituents and handle bankruptcy-related litigation.
• Provide front-line, client-facing support with high standards for professional conduct.

Skills

Bankruptcy law

Litigation

Legal writing

Education

J.D. from ABA-accredited law school

Top-tier law school ranking

California Bar admission

Job description

Years of Experience: Attorneys with 1 - 5 years of experience.

Academic Requirements

Outstanding achievement, including excellent law school record, strong references, and proven litigation and writing skills. We seek candidates who were ranked high in their class at top tier law schools. A J.D. from an ABA accredited law school is required.

Admission to CA Bar

California Bar admission required. Candidates may apply prior to taking the exam but must sit for (and obtain) admission.

Type of Experience

Familiarity with bankruptcy law and related issues (e.g., securities laws, commercial laws); prior experience with complex reorganization cases.

Type of Work

Work on some of the most interesting bankruptcy cases in the country. Tasks include the purchase of assets out of bankruptcy; restructuring companies; representing key constituents; handling bankruptcy-related litigation.

Level of Responsibility

Primary, front-line responsibility.

Degree of Client Contact

As much as appropriate: depends on experience and client skills – no preconceived limitation.

Travel

Travel depends on the nature and location of the underlying bankruptcy cases. Some travel should be expected, although travel varies from case to case.

Billable Hours

We expect that under ordinary circumstances all full-time associates will strive to work at least 2,000 hours per year on client matters for which time is recorded (i.e., litigation or transactional matters, including pro bono).

Practice Area Summary

Munger, Tolles & Olson provides practical and sophisticated counsel to clients in complex restructurings and bankruptcy proceedings nationwide. The firm is adept at navigating companies, management teams and corporate boards through the challenges of financial distress and working with key constituents, from sponsors, creditors and vendors to regulators to efficiently maximize value.

Munger, Tolles & Olson’s engagements have included debtors, boards and independent directors, official committees, secured and unsecured creditors, equity holders, stalking horse buyers and plan sponsors across the spectrum of finance and restructuring needs.

Recent public engagements include the following representations:

• Alter Domus, the agent for certain lenders under an asset-backed credit agreement with Revlon Inc. in connection with Revlon’s bankruptcy cases and use of cash collateral.
• Bank of America in the Ditech Financial bankruptcy and asset sale and settlement of claims between the companies.
• Berkshire Hathaway in various restructuring matters including as a bondholder and asset buyer in the Residential Capital bankruptcy, the plan sponsorship investment in USG and the acquisition of Fruit of the Loom, FINOVA and Oakwood Homes.
• Berry Petroleum, in its bankruptcy reorganization and separation from Linn Energy.
• Bolivarian Republic of Venezuela in an ongoing case with respect to the enforcement of a $1.4 billion judgment obtained by Crystallex related to the Maduro government’s nationalization of assets in Venezuela.
• Caruso Affiliated Holdings in connection with various theatre chains.
• Costco, in connection with canned tuna fish price-fixing claims against, among others, Bumble Bee, which sold its assets in a section 363 sale in bankruptcy court.
• Disney, Lucasfilm, Fox, Warner Bros., Marvel, New Line and Turner Entertainment in successful resolution of claims in VidAngel’s bankruptcy.
• Envoy Solutions, LLC, in its sponsorship of a plan of reorganization for manufacturing company GPMI, Co.
• GenOn Mid-Atlantic, an electric power generation and distribution company, in its out-of-court restructuring of leveraged lease coal plants.
• Google, in pursuing judgment and indemnity against Anthony Levandowski and Uber related to trade secret claims regarding auto driving technology.
• iHeartMedia’s independent directors in the largest U.S. bankruptcy filing in 2018.
• Invictus Global Management on various restructuring and distressed investment opportunities.
• J. Paul Getty Trust, in the acquisition of archives from Ebony magazine through a section 363 sale in bankruptcy court.
• LATAM Unsecured Creditor Ad Hoc Group, in their appeal of orders confirming the plan of reorganization and backstop agreements in the reorganization of LATAM Airlines Group, S.A.
• Nexus Capital Management, a California-based private equity firm, in its acquisition out of bankruptcy of FTD Companies’ florist network in North America and Latin America.
• Oaktree Capital Management LP in connection with the out-of-court and subsequent in-court reorganization of its portfolio company-owned power plant in Salem Harbor, Massachusetts.
• and PG&E Corporation in their bankruptcy reorganization cases with respect to certain matters including regulatory matters, power purchase agreements and wildfire claims.
• Pacific Gas & Electric and PG&E Corporation in appeals related to power purchase agreements.
• Lenders in the Petters Bankruptcy Cases, a group of syndicated lenders to Polaroid Corp. in fraudulent transfer actions brought by Ritchie Capital related to the Thomas Petters Ponzi scheme.
• Seadrill Limited senior management in connection with their exit employment agreements.
• Significant roles in the Gymboree, Payless Shoes, Toys“R”Us, and Nine West bankruptcy cases.
• Silver Point Finance, LLC, as agent, and secured lenders to Freedom Communications in its restructuring.
• Southern California Edison in various matters, including the first municipal bankruptcy of community choice aggregator Western Community Energy.
• TCEH, an energy company focused on the competitive energy and power generation markets, in the restructuring of Energy Future Holdings Corp., a privately held company with a portfolio of competitive and regulated energy companies.
• Whirlpool, the world’s largest home appliance manufacturer, as a creditor to Sears, Roebuck and Company in its Chapter 11 bankruptcy case.

Benefits of Coming to Munger, Tolles & Olson

Early responsibility and advancement; great and committed clients; great lawyers to work with; an open and progressive firm environment; terrific profit per partner and associate compensation history.

Salary Scale

Law School Class Year Salary

2026 $225,000

2025 $225,000

2024 $235,000

2023 $260,000

2022 $310,000

2021 $365,000

2020 $390,000

2019 $420,000

2018 and earlier $435,000

The salary range is the one that Munger, Tolles & Olson LLP reasonably expects to pay for this position. The salary range does not guarantee, obligate, nor set expectations of an applicant’s wage in the event of hire. The posted range is only one component of Munger, Tolles & Olson LLP’s Total Rewards package.