Senior Covenant Lawyer - Distressed

The world's largest asset class, debt, operates with the worst data.

Technology has revolutionized equity markets with electronic trading, quant algos and instantaneous news. However, in debt capital markets, the picture is completely different. It still behaves like it’s in the 1980s; trillions of dollars of trades are placed over the phone, news is slow, and corporate credit information is imperfect and scattered.

Our mission is to change this.

9fin's proprietary technology delivers fast and comprehensive financial, credit, legal & ESG analysis. Our clients are able to make faster, more informed decisions, win more business and most importantly, save time.

Our fast growing list of clients include 9 of the top 10 Investment Banks, leading Asset Managers, Hedge Funds and Law Firms.

The Opportunity

9fin is looking for a Senior Leveraged Finance / High Yield Capital Markets Lawyer to help develop our offering of leveraged loan and high yield bond covenant research and analytics in the US, with an emphasis on distressed coverage. The role will report into our New York office with flexibility to work from home / remotely as needed.

This role offers a unique opportunity for an experienced leveraged finance lawyer to use their expertise within a rapidly growing start-up environment, with much greater work-life balance than can be found in a typical law firm environment.

What you'll work on

Every day is different, but here’s an example of the kind of things you’ll work on:

• Reviewing leveraged finance and high yield documentation to produce commercially focused and insightful analysis on distressed scenarios and the primary market
• Writing topical reports on secondary situations, collaborating closely across 9fin’s team of senior lawyers and credit / distressed analysts
• Answering client questions about the covenant packages of specific borrowers and issuers
• Using 9fin’s proprietary technology to build and expand our covenant databases
• Delivering seminars, teach-ins and podcast segments as a subject matter expert
• Representing 9fin in the press and at industry conferences and events

Requirements

This role will be a great fit if you have the following:

• JD with 5+ years of experience within a high yield capital markets or leveraged finance team at a top-tier law firm
• Experience of drafting, reviewing and negotiating high yield bond and/or leveraged loan documentation
• Keen commercial awareness of leveraged finance markets and capital structures
• Strong technical understanding of how leveraged finance covenants and definitions operate
• Solid existing network of relationships within the leveraged finance community
• Excellent networking and relationship building skills
• Effective written and verbal communication skills, able to explain complex covenant concepts to non-lawyers concisely
• Ability to work both independently and collaboratively

Benefits

We’re a scaling start up, and we enjoy sharing our success. When the company succeeds, we always reinvest that in our people; we also offer responsibility, and accelerated career development opportunities for those who truly excel.

Financial

• Salary: $250,000-$300,000
• Equity options
• 401(k) (company pays 3%, employee contributions are uncapped)
• Private health insurance, with dental and vision; optional Flexible Spending Account
• Paid sick leave
• Disability insurance (New York)
• Commuter benefit

Time off

• 25 vacation days per year, plus public holidays
• Hybrid working model — you’re free to work wherever you work best
• Paid sabbatical — 1 month after 5 years of employment
• Enhanced parental leave and flexible working arrangements available

Training and culture

• Professional learning and development budget
• Quarterly team socials, bi-annual company events

9fin is an equal opportunities employer

At 9fin we are dedicated to building and promoting a fair and inclusive workplace where everyone can reach their full potential and truly belong. We recognize that building diverse teams enables a more creative and productive environment.

If you’re excited about this role but your experience doesn’t perfectly align with the job description, we encourage you to apply anyway. You might just be who we’re looking for — either for this role, or perhaps another.