(1) Is bankruptcy an active/growing practice area during recessions?
(2) If I clerk in a bankruptcy court as a 5th year general commercial litigator, would I be a competitive candidate for a bankruptcy position in an AmLaw 100 firm following the clerkship? (assume for sake of question that credentials are not an issue)

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It matters where the clerkship is geographically. SDNY, Houston, Delaware, or Chicago would all be great places to get exposure to complex Chapter 11s, which is what you want for big law. Generally speaking, flyover states will be mostly chapter 7s and you will rarely be getting exposure to work that would transfer to a restructuring practice at a big shop. That said, if you’d be happy in a mid law practice or in a particular geography, a bankruptcy clerkship in that federal district would definitely get you exposure to members of that bar and likely a job afterward.

Source: I have good relationships with two bankruptcy judges and know a lot of lawyers who work in restructuring. I almost went down this path after law school and this is the advice they gave me.

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Thanks for the super valuable insight!

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