Associate, Banking & Finance – Restructuring, Workouts and Insolvency

Your role

You'll be part of our Banking & Finance team, working closely with Gavin Rakoczy on complex distressed and insolvency situations.

The role involves a mix of front-end and back-end R&I work. However, Gavin's team does not handle commercial litigation, with back-end work limited to court applications necessary to support and implement restructuring processes and structures.

We strive to be innovative and have regularly broken ground on complex structures never previously utilised in the Australian market. 

The team works closely with the firm's banking, M&A and PE specialists to deliver solutions utilising the full gamut of formal and consensual/informal solvency and turnaround processes.

As an Associate in the team, you will gain exposure to many of Australia's largest and most complex situations, with a focus on:

• insolvency, restructuring and workouts (formal and informal);

• cross-border situations;

• structuring advice;

• distressed financing;

• opportunistic M&A; and

• defensive structuring and contingency planning.

This is a permanent, full-time opportunity however flexibility matters at Allens, so if you are seeking hybrid working or are looking for flexibility in your work, we would be happy to discuss what arrangements would work best for you.

About you

This is an opportunity for:

• Someone with an insolvency litigation background who is interested in moving into a more front-end focussed restructuring and transactional role; albeit with continuing back-end work as described in the role.

• A front-end Banking & Finance lawyer looking to specialise in restructuring and insolvency.

• A lawyer currently working in front-end restructuring and looking to join a top tier firm.

You will have:

• 2 to 4 years PQE.

• Experience as an insolvency or restructuring lawyer, ideally with a mix of back-end and front-end expertise (although this is not critical).

• A collaborative mindset and genuine interest in developing expertise in restructuring and insolvency, with a focus on front-end work.

• The ability to think strategically and laterally and be innovative.

• Commercial curiosity, high work ethic, and a willingness to learn.

Your development

Gavin works closely with everyone in his team regardless of seniority and is passionate about developing and getting the best out of each of his team members. The team has a flat structure, which values collaboration and where everyone is encouraged to contribute their thoughts.

In joining Allens, you will receive unparalleled learning and development opportunities. You will be challenged, supported and guided as you learn and develop, and will be encouraged to grow. We foster greatness, and will coach and support you to meet your goals and aspirations.

Our unique Career Deal allows you to take control of your career and provides a transparent approach to career development. Our international alliance with Linklaters means we are able to support secondments all over the world.

Our perks

Our benefits include:

• Financial: market competitive fixed remuneration; generous incentive plan that recognises both billable and broader contribution, employee recruitment referral program, discounts at hundreds of suppliers including retail outlets, health and travel insurance, charity matched funding program.

• Health and wellbeing: fully subsidised gym memberships, annual flu vaccinations, skin checks, in-house snacks and catered meals, subsidised sporting and social activities, Employee Assistance Program including confidential counselling, wellbeing coaching and financial coaching for employees and their families.

• Flexibility: hybrid and flexible working arrangements to support you in your work and life commitments and passions, equipment to support working from home.

• Leave: ability to purchase additional annual leave, access to an enhanced, inclusive and flexible parental leave policy – 26 weeks paid parental leave with no minimum service for permanent employees and high quality executive coaching to support the transition.

• International opportunities: our alliance with Linklaters ensures possible secondments to many of their overseas offices.

• Recognition: team based recognition including social activities and contribution based recognition activities, and annual Allens Values Awards to nominate and recognise the incredible contributions of our people.

Allens is also proud to invest in our communities, giving you the opportunity to make a difference through our work on reconciliation, the environment and other social justice issues as well as our workplace giving and volunteering programs.

How to apply?

We'd love to hear from you so please click "apply now"!

If you would like to find out more, please visit "This is Allens" or listen to our Allens Confidential podcast to hear real stories from real people about life at Allens. Alternatively, for a confidential discussion, please reach out to Thomas Wigglesworth (he/him), Senior Talent Acquisition Manager.

At Allens, our culture is made up of unique backgrounds and varying life experiences. We celebrate our people's differences across gender and gender identity, sexual orientation, age, ability, cultural backgrounds, First Nations communities, and family and caring arrangements. If you require adjustments to fully participate in our application process, please contact us at [email protected]. We encourage applicants from all backgrounds, so if you're excited about this role but your past experience doesn't align, please express your interest by emailing us at [email protected]. The right role for you might be just around the corner!