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Milbank LLP

At a Glance

Uppers

“Real and immediate responsibility.”

“Strikingly collegial.”

“Top-notch compensation.”

Downers

“Unpredictable hours.”

“Technology.”

“Lack of transparency around promotions.”

About Milbank LLP

 

Milbank LLP is one of the nation’s leading firms for corporate finance and restructuring, litigation, and project finance and is known for its international work and focus on the energy sector.

Embracing Change

Milbank planted its roots on Wall Street more than 150 years ago as Anderson, Adams & Young. The firm’s first clients included American entrepreneurs, bankers, and railroad financiers, including the Vanderbilts and the Rockefellers. The firm weathered two World Wars, the Great Depression, and a long string of mergers before settling in as Milbank, Tweed, Hadley & McCloy in 1962. Today, the firm has 12 offices across the globe—including its new digs in Hudson Yards. The firm also rebranded in 2019, shedding the “Tweed, Hadley & McCloy” to become simply Milbank LLP.

Onward and Upward

Milbank is a giant in the corporate law space, with a stellar reputation among leading financial institutions and other corporate clients. The firm’s No. 1 spot in Vault’s Project Finance ranking is just the beginning—Milbank is also among the top 25 firms for Banking & Financial Services, Securities/Capital Markets, General Corporate Practice, and M&A.

Milbank’s financial restructuring group has consistently ranked as one of the preeminent practices and leaders in its field. The team is often called into action to represent creditors and other key stakeholders in complicated restructurings, including Puerto Rico, Gymboree, J. Crew, Pacific Gas & Electric, and Caesar’s Entertainment. The firm also advises major hedge funds and private equity firms on complex M&A transactions involving swapping debt for equity to de-stress companies in distress.

Given the firm’s corporate prowess, it is no surprise that it is home to strong securities litigation and white collar defense groups. Among the firm’s ranks are former SEC attorneys (including its former head of enforcement) and seven former Assistant U.S. Attorneys.

Milbank also has a highly regarded Global Projects, Energy, and Infrastructure practice. The firm has a hand in bringing a range of infrastructure projects to life, from financing for airports and roads to ports and pipelines. On the energy side, the firm works with some of America’s most ambitious offshore wind projects and ethanol producers, while keeping a foothold in fossil fuel and metals projects.

Ivy League Training

Milbank’s training programs are truly Ivy League. For one week each year for three years, the firm’s fourth-year through seventh-year associates head to Cambridge to be schooled Harvard style on topics ranging from leadership skills to business to client relations through the firm’s program Milbank@Harvard. The program is taught by professors from Harvard’s Law and Business schools, with Milbank partners offering real-world examples and anecdotes. The firm’s training isn’t limited to the ivory tower, though. On the home front, litigation associates participate in a multiple-year training program called Advocacy@Milbank, transactional associates take part in Deals@Milbank, and in 2020, the firm introduced Restructuring@Milbank for financial restructuring associates.

COVID-19 Update

Milbank’s recruiting has remained consistent during COVID-19. We maintained the full ten-week length of both our 2020 and 2021 summer programs, unlike nearly all of our peer firms, onboarding and fully integrating our summer associates into the firm and the Milbank community. We have continued to hire laterally across our offices throughout the pandemic. Our first-year associate class joined us, as planned, in fall 2020 and we look forward to welcoming this year’s class in October. We expect to hire a 2022 summer class consistent with our historical size. We plan to utilize virtual interviewing where necessary, with the expectation that we will be able to adjust how we conduct interviews as guidelines surrounding travel and workplaces change. We encourage students to reach out to us directly to discuss opportunities to join our summer program. The decisions we have made during this period reflect our strong view that our people and culture are our most valuable assets. We hope that you will consider joining us.

News & Awards

NOTABLE CASES
  • At the forefront of the world’s largest restructuring matters, Milbank advised on PG&E’s $59B restructuring, the biggest utility bankruptcy in U.S. history.
  • In one of the largest LBOs since the 2008 financial crisis and one of the largest-ever healthcare LBOs, Milbank represented the debt financing sources in connection with the agreement by a consortium of private equity firms to acquire Medline Industries in a transaction that valued Medline at more than $30 billion.
  • With the U.S. airline industry imperiled by the pandemic, our Transportation & Space, Alternative Investments, Capital Markets, Litigation and Financial Restructuring Groups worked with investment banks to create an innovative product that helped airlines raise substantial funds using their frequent flyer programs as collateral. United, Delta, American, Hawaiian and Spirit have raised over $25 billion using the product.
  • Milbank and the Louisiana Center for Children’s Rights have worked towards new sentences for defendants sentenced as juveniles to life in prison without parole, a sentence ruled unconstitutional by the U.S. Supreme Court in 2012. The firm’s pro bono efforts include the firm’s representation of Edward Simms, who was paroled and released from prison after spending over three decades incarcerated for non-violent offenses committed at the age of 16.
AWARDS & ACCOLADES
  • Global Legal Adviser of the Year 2021—IJGlobal
  • Ranked #9 for Breadth of Commitment to Pro Bono, 2020—The American Lawyer’s Pro Bono Scorecard
  • Milbank Partners in Asia-Pacific, Europe, and U.S. Named to IFLR1000 Women Leaders List, 2021—IFLR1000 Women Leaders
  • Band 1 in Bankruptcy/Restructuring, Projects: Renewables & Alternative Energy and six other practices areas, 2021—Chambers USA
  • Milbank’s Hudson Yards office recognized as an Iconic NYC Project at Interior Design’s NYCxDESIGN Awards 2021, which honor outstanding architecture and design projects

Why Work Here

At Milbank, our attorneys collaborate across globally impactful practices like project, energy & infrastructure, M&A, capital markets, fintech, private equity & more. With a longstanding commitment to pro bono work, renowned professional development opportunities and mentoring programs, an inclusive and collegial culture, and established affinity groups, we pride ourselves on the work we do and the values we keep. The firm has practice groups in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, New York, São Paulo, Seoul, Singapore, Tokyo and Washington, DC to help the world’s leading businesses, institutions and individuals achieve their strategic objectives.

Learn more about our practices, our career development programs like Milbank@Harvard, how we serve our communities, and who we are.

Milbank LLP

55 Hudson Yards
New York, NY 10001
Phone: (212) 530-5000

Firm Stats

Chairman: Scott A. Edelman
Hiring Partners: Dara Panahy (DC); Tim Wendling (LA); Roland Estevez, Lauren A. Hanrahan, Alex Lees, Tyson Lomazow, Grant Mainland, Atara Miller, Rod Miller, Eschi Rahimi-Laridjani, Sean Solis (NY)
Total No. Attorneys (2021):
750 - 1K
No. of Partners Named 2021:
11

Base Salary

1st year: $205,000
2nd year: $215,000
3rd year: $240,000
4th year: $275,000
5th year: $305,000
6th year: $330,000
7th year: $350,000
8th year: $365,000
Summer Associate: $3,942/week

Employment Contact

Ann Bjornstad
Director of Legal Recruiting
(212) 530-5195
abjornstad@milbank.com
Nga Phan (DC Office)
Human Resources Manager
(202) 835-7529
nphan@milbank.com
Gabriella Marello (LA Office)
Legal Recruiting Manager
(424) 386-4582
gmarello@milbank.com

No. of U.S. Offices: 3

No. of International Offices: 9

Major Office Locations

Los Angeles, CA
New York, NY (HQ)
Washington, DC I Beijing
Frankfurt
Hong Kong
London
Munich
São Paulo
Seoul
Singapore
Tokyo

Major Departments

Alternative Investments
Corporate
Capital Markets
Financial Restructuring
Leveraged Finance
Litigation & Arbitration
Project, Energy and Infrastructure Finance
Real Estate
Tax
Transportation & Space
Trusts & Estates
*See firm website for complete list of practice areas and industries.