Debt Covenant Review Attorney

Latham & Watkins is a global law firm consistently ranked among the top firms in the world. The success of our firm is largely determined by our commitment to hire and develop the very best and brightest, creating a team that provides our clients with the highest quality of work and service. We are driven by our core values: respect, innovation, and collaboration.  

The Debt Covenant Review Attorney will be responsible for supporting pitch processes within the Restructuring & Special Situations (R&SS) Practice Group, and particularly in relation to Liability Management transactions, by undertaking capital structure reviews of companies that may require a liability management or restructuring exercise. In coordination with the relevant partners in the R&SS, banking and capital markets practices, they will review, summarize, and analyze at a substantive level the terms of the credit agreements and indentures of companies which may be in need of new capital, liability management, or restructuring and prepare bespoke reports in order for partners to be able to target and pitch potential mandates in the most comprehensive way.. This role will be located in one of our US offices, with a preference for New York. Please note that this role may be eligible for a flexible working schedule that allows for a hybrid and in-office presence.

Other key responsibilities include:

• Preparing reports summarizing the terms of the capital and group structure of such companies and analyzing such companies’ ability to raise additional debt and other forms of capital, potential areas of value leakage away from their lenders and other stakeholders, their ability to undertake liability management transactions, potential restructuring processes and scenarios, potential defensive actions that could be taken by any of their stakeholders as well as by the company, and an analysis of potential director duties implications
• Helping identify creative liability management structures based on a review of debt documentation and working with partners in the R&SS, banking and capital markets practices to develop and refine these structures
• Presenting findings and investment opportunities with applicable partners in R&SS to a global range of investor and corporate clients
• Brainstorming market themes, actively contributing ideas, and developing others
• Protecting and maintaining any highly sensitive, confidential, privileged, financial, and/or proprietary information that Latham & Watkins retains 
  

We’d love to hear from you if you:

• Demonstrate extensive knowledge of leveraged finance, capital markets, and restructuring transactional documentation, including incurrence-based covenants across loan and high- yield products
• Exhibit knowledge of other notes and hybrid capital (e.g. convertible bond) products
• Possess in-depth finance/restructuring industry knowledge including familiarity with the major players in the industry and an understanding of the commercial nuances around cross-border transactions with loan and fund structures

And have:

• A JD or an equivalent
• A minimum of four (4) years’ relevant law firm experience as a qualified practicing attorney in restructuring,  leveraged finance, and/or capital markets in a leading international law firm

Successful candidates will not only be provided with an outstanding career opportunity and welcoming environment, but will also be provided with a generous total compensation package with bonuses awarded in recognition of both individual and firm performance. Eligible employees can participate in Latham’s comprehensive benefit program which includes:

• Healthcare, life and disability insurance
• A generous 401k plan
• At least 11 paid holidays per year, and a PTO program that accrues 23 days during the first year of employment and grows with tenure
• Well-being programs (e.g. mental health services, mindfulness and resiliency, medical resources, well-being events, and more)
• Professional development programs
• Employee discounts
• And more!

Additionally, we have a range of diversity programming including Global Affinity Groups. These groups provide a firmwide platform to share experiences and advice as well as an opportunity to participate in a supportive network with common interests to help make life at the firm even better.

Please click here to view the full job description for this role.

Latham & Watkins is committed to diversity, equal opportunity, sustainability, and pro bono legal services. We draw from a remarkable wealth of talent to create one of the world's leading law firms, and advance these commitments through the work of our Global Citizenship department. Our lawyers, paralegals, and professional staff worldwide comprise a rich mixture of different races, ethnic backgrounds, religions, sexual orientations, cultures, and primary languages. Our diversity makes us who we are. 

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