Why are there so few women partners in restructuring?

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Here’s what happened in my v10 smaller group so this is totally anecdotal, but I’m sure other groups have had similar themes.

In my experience, many (not all) of the female associates in my group were the star associates. Many of male associates were mediocre. That’s not my opinion - it was reinforced time and time again by the staffing where women led the largest cases often without sufficient support. They never staffed the men as the seniors so the male associates didn’t have the same level of debtor experience - and the cycle perpetuated itself until people started quitting. They burned out all of the good female associates in my group.

The female partners we did have just could not advocate for the women without endangering their position in the boys club or they didn’t care.

Then there was the casual sexism and racism, and zero accountability. Who was always invited to the golf club with the partners? The male associates. Who was doing the disproportionate amount of work in the group? The women.

Like the other women who left, I didn’t see any place for myself or that my work was valued.

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Our best restructuring partner is a woman and she’s awesome (LW London).

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I mean, gender discrimination is there for a long time…

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i posted something wildly inappropriate and deleted it. but…if you do research, you’ll understand that it takes a lot more than competence to be successful in biglaw restructuring (for any gender). but look up White & Case and the 3d Circuit and you’ll understand.

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Any firms that are actually good for women in restructuring?

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Crickets…

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