Milbank, Tweed, Hadley & McCloy LLP at a Glance


  • “Milbank@Harvard program is a tremendous resource for associates”
  • “Great pay and market bonuses”
  • “Prestigious deals”


  • “Thinly staffed litigations”
  • “Offices need updating”
  • “Lack of transparency”

The Buzz

  • “Excellent finance lawyers”
  • “Best training (Harvard!)”
  • “In transition”
  • “Nerdy”

About Milbank, Tweed, Hadley & McCloy LLP

Wall Street institution Milbank, Tweed, Hadley & McCloy is one of the nation's leading firms for corporate restructuring, outsourcing and project finance and is known for its international work and focus on the energy sector.

Good Enough for the Rockefellers

Founded in 1866 as Anderson, Adams & Young in New York, the firm's first clients included American entrepreneurs, bankers and railroad financiers, including the Vanderbilts and the Rockefellers. The firm weathered two World Wars, one Great Depression and a long string of mergers before settling in as Milbank, Tweed, Hadley & McCloy in 1962. This name reflected the contributions of Albert Milbank (senior partner of predecessor firm Masten & Nichols), Harrison Tweed (a partner and family friend of Anderson, Adams partner George Murray), Morris Hadley (of predecessor firm Patterson & Hadley) and John McCloy, who joined in 1946 after working in the War Department (and who had the distinction of being the firm's only lateral hire between 1931 and 1980).

Onward and Upward

Milbank showed considerable foresight in 1986, when it formed an internal group dedicated to business process and tech outsourcing. In the years since, the department has grown while handling roughly hundreds of deals worth billions, combined. With this in mind, it's unsurprising that Milbank bills itself as "the worldwide leader in information technology and business process outsourcing transactions" and has scored multiple awards for both IP and business process outsourcing. Among clients who've taken advantage of these services are CVS Caremark, Dow Jones, DuPont, MasterCard, Unilever, Panasonic and PepsiCo.

The 21st century prompted a new focus on tech transactions, and the early years of the millennium were all about that modern morality tale know as "Enron."  Milbank was in the thick of it, counseling Enron, the corporation's investment banks, and its unsecured creditors.

Milbank's work in such areas as corporate finance, lease financing, bankruptcy and M&A over the past four decades cemented its reputation as one of the top financial services firms in the United States. No wonder the firm's bankruptcy team was called into action to represent Lehman Brothers' creditors as the failed investment bank began its painful trip through Chapter 11 in 2008, and more recently, to represent the creditors' committee in the Kodak bankruptcy.

Energized & International in Scope

When it comes to energy, Milbank's reputation as a driver of alternative energy deals comes from its work with some of America's most ambitious offshore wind projects and ethanol producers. Still, it's kept a sturdy foothold in the time-honored field of fossil fuel and metals exploitation-from Indonesia to Brazil, Trinidad to China, lenders looking to fund the discovery and harvest of oil, coal, minerals and metals have turned to Milbank.

International business, especially international finance, has been part of Milbank's M.O. for many decades. As early as 1925 it was working on Japanese bond issues, and its Tokyo office opened in 1977, several years before other U.S. firms set up shop there. Today Milbank has additional overseas locations in Asia, Europe and Brazil.

Milbank Goes Crimson

Milbank has thrown some ivy at its associate training: in 2011, the firm launched a professional development program for its associates at Harvard Law. Seven days each year, associates-3rd years through 7th years-get four opportunities to be schooled Hahvahd style on topics ranging from management skills to business to client relations. The program is taught through a collaboration of Milbank partners and professors from Harvard's Law and Business schools.


May 2013-May 2014

A Litigious Year
Over the past year, Milbank has brought more than 15 matters to trial, ranging from high profile cases for financial institutions to the resolution of IP disputes. Recent cases include Citigroup Global Markets Inc, Pandora, Broadcast Media Incorporated (BMI) and Rabobank, among others. Additionally, Milbank attorneys devoted more than 38,000 hours to pro bono work last year, including recent trial work in the 40th district of Louisiana, wherein Milbank attorneys secured an order from the court abrogating the death sentence for their client John Wille, one of the longest serving death row inmates in the country. The team continues to fight for Wille's exoneration and will be back in court in September 2014.

April 2014

Google Goes Solar
Milbank advises Google Inc. in its agreement with SunPower Corporation to invest a total of $250 million in a program to help homeowners finance residential solar power projects. To date, Google has invested more than $1 billion in sustainable energy projects that generate more than two gigawatts of electricity, or enough for 500,000 U.S. homes. According to Milbank Project Finance partner Roland Estevez, "The company is taking an important role in helping families make sustainable and cost-efficient energy decisions, and Milbank is pleased to represent Google in furthering its commitment to the efficient use of renewable resources."

February 2014

A Happy Return
Milbank alum George S. Canellos, former co-director of the Enforcement Division of the U.S. Securities and Exchange Commission of the SEC, returned recently as partner and Global Head of the Firm's Litigation Department. Canellos left Milbank in 2009 to serve as director of the SEC's New York Regional office and later assumed the roles of deputy director of enforcement at the SEC and then acting director and co-director of the Enforcement Division. In those positions, he was responsible for overseeing all SEC enforcement activities and supervised the investigation, prosecution and civil enforcement case trials, including many headline-making actions stemming from the credit crisis, insider trading scandals, and a vast range of other market, securities industry and public company activities.

October 2013

IP of the Highest Order
Milbank represented Apple Inc. in two trials this past year. In 2011, Wi-LAN Inc., a Canadian patent licensing company, sued Apple Inc. for infringement on Wi-LAN's patented 3G cellular communication standards. Wi-LAN had secured licenses from over 130 other companies, and after two years of extensive litigation, every other defendant had settled with Wi-LAN. However, a Milbank team in Los Angeles, headed by Mark Scarsi, took this case to trial for Apple and the court ruled that Apple did not infringe Wi-LAN's patent and also found Wi-LAN's patent invalid.

Just a few weeks later, Mr. Scarsi and his litigation team represented Apple Inc. in trial on another alleged infringement case from NetAirus Technologies, LLC. The jury ultimately returned a majority verdict of no infringement, no induced infringement, and invalidity on two separate grounds.

September 2013

Making Corporate Bond Sale History
Milbank represented the underwriters in Verizon Communications' $49 billion bond sale to fund the company's purchase of Vodafone Group PLC's interest in Verizon Wireless. Verizon's sale is the biggest single corporate debt issuance by a wide margin, dwarfing Apple's $17 billion bond sale last spring. The underwriters were led by Barclays Capital; J.P. Morgan Securities; Bank of America Merrill Lynch and Morgan Stanley. Milbank's team of Global securities and Tax experts are proud to have such an active role in this milestone offering on behalf of such a distinguished underwriter group.

Say Cheese for Chapter 11
Consistent with its legacy of playing a major role in nearly every complex chapter 11 restructuring, Milbank represented the Creditors' Committee in Kodak's bankruptcy cases. When the sale of Kodak's crown jewel asset-its digital imaging patent portfolio-failed to yield more than $525 million in sale proceeds (experts had valued the portfolio at over $2 billion), Milbank's restructuring prowess was put to the test. Drawing upon its multi-disciplinary practice, Milbank advanced novel legal theories in patent and securities law, as well as a ground-breaking cross-border M&A transaction compromising nearly $3 billion in pension liabilities, yielding recoveries for Kodak's unsecured creditors far beyond market expectations.

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Milbank, Tweed, Hadley & McCloy LLP

One Chase Manhattan Plaza
New York, NY 10005


  • Employer Type: Private
  • Chairman: Scott A. Edelman
  • Hiring Partners: Jay D. Grushkin (NY), Lauren A. Hanrahan (NY), Atara Miller (NY), Sean M. Murphy (NY), Dara Panahy (DC) and Brett Goldblatt (LA)
  • Total No. Attorneys 2014: 605

  • Employment Contact
    Ms. Amy Stisser
    Manager of Law School Recruiting
    Phone: (212) 530-5195

    Ms. Tammie McGuigan (DC Office)
    Sr. Recruiting Coordinator
    Phone: (202) 728-1240

    Mr. Lino Marko Rangelov (L.A. Office)
    Legal Recruiting Supervisor
    Phone: (213) 892-4582

  • Base Salary
    New York
    1st year: $160,000
    2nd year: $170,000
    3rd year: $185,000
    4th year: $210,000
    5th year: $230,000
    6th year: $250,000
    7th year: $265,000
    8th year: $280,000
    Summer associate: $3,077/week

  • Summer Associate Offers
    84 out of 84 (2013)

  • Major Departments & Practices
    Financial Restructuring
    Litigation & Arbitration
    Real Estate
    Trusts & Estates and Exempt Organizations

Major Office Locations

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