In this episode, Stephanie Anais is joined by Prav Reddy, Insolvency and Restructuring Partner in the UK office of US law firm, Katten Muchin Rosenman. During the episode, Prav and Stephanie discuss the collapse of Silicon Valley Bank US and use it as a commercial case study to help Student Lawyers understand the technicalities involved in the acquisition of a distressed bank. Specifically, Prav explains the various procedures that the Bank of England can take when dealing with a bank on the brink of collapse, why HSBC was able to acquire SVB UK for £1 when others like Credit Suisse are sold for £billions, and how an insolvency and restructuring practice area of a law firm may be involved in such an acquisition. Prav also reveals what his typical day at the office looks like, the biggest misconception of working in a US law firm, and how to succeed as a student lawyer and progress to partnership. Interested in a career at Katten? Apply to the firm’s London training contract and summer vacation scheme, here: https://katten.com/london-training-contract-and-internship-programme **Interested in learning more about the University of Law, who are the sponsors of this podcast episode? Click here to view the courses on offer (https://bit.ly/3xhsefp) (Ad)** Don’t forget to subscribe to the podcast to ensure that you never miss an episode, and please share this episode with others who might find it useful! Hosted by Stephanie Anais, Produced by Nathan Gore