Milbank, Tweed, Hadley & McCloy LLP at a Glance


  • “High quality work”
  • “Milbank@Harvard”
  • “Lack of billable hour requirement”


  • “The technology can be problematic”
  • “Hours can be unpredictable”
  • “Less formal training for junior associates”

About Milbank, Tweed, Hadley & McCloy LLP

Milbank, Tweed, Hadley & McCloy 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.

From Wall Street to Hudson Yards

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, the Great Depression, and a long string of mergers before settling in as Milbank, Tweed, Hadley & McCloy in 1962. Though built on a solid Wall Street foundation, with an emphasis on litigation and finance transactions, Milbank showed early signs of international ambition. The firm began doing deals in Latin America and Japan in the 1920s, 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. In 2018, the firm will make yet another big move-physically moving uptown from its longtime Wall Street base. After 150 years in New York's Financial District, Milbank announced that its NYC headquarters will relocate to the new Hudson Yards development on the west side of Manhattan.

Onward and Upward

Milbank's work in such areas as bankruptcy and restructuring, corporate finance, transportation finance, and M&A over the past four decades cemented its reputation among leading financial institutions and corporate clients. In particular, Milbank's financial restructuring group has consistently ranked as one of the preeminent practices and leaders in its field. No wonder the team was called into action to represent Lehman Brothers' creditors as the failed investment bank began its painful trip through Chapter 11 amidst the global recession in 2008, and more recently, to advise on restructuring the debt of Puerto Rico, American Apparel, Nortel Networks, and Caesar's Entertainment, to name a few. In fact, Milbank has played a major role in nearly every complex restructuring in recent years, drawing on a wealth of experience to represent hedge funds, creditors' committees, private equity firms, DIP lenders, distressed M&A acquirers, and debtors in such matters.

Financial powerhouses turn to Milbank when they need counsel on complex cases-the firm is representing Rabobank in class action litigation and other civil claims concerning alleged manipulation of the London Interbank Offered Rate (LIBOR), and other banks, corporates and executives also rely on Milbank when facing class actions. In fact, Milbank is widely regarded as the leading US firm representing investment advisers in litigation. Its litigators have prevailed for clients AXA Equitable Life Insurance Company and Hartford Financial Services in precedent-setting suits involving mutual funds fees. BMI is also a longtime client, and the litigation team, including firm chairman Scott A. Edelman, has helped score headline-grabbing wins for the music publisher and affiliated artists in cases involving licensing fees. Milbank's white-collar litigation credentials are impressive, with a team including several former federal prosecutors, SEC attorneys (including its former head of enforcement), and the former chief of the Securities and Commodities Fraud Task Force at the US Attorney's Office for the SDNY.

From securing international financing for the world's major airlines to pulling together the big deals that help send satellites into orbit, Milbank has developed a pronounced presence in the transportation and space industry. The universe of space and satellite transactions is vast and complex, encompassing not only financing but regulations, M&A, and even the insurance policies covering pricey spacecraft investments. Whatever the type of deal, in this sector, it's almost certain Milbank has played a key role in achieving lift-off.

Energized around the World

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. The firm has also brought its restructuring prowess to bear in the energy sector, advising major players in oil and gas, among others, as they cope with downturns in the market.

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. During one week 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 by professors from Harvard's Law and Business schools, with Milbank partners offering real-world examples and anecdotes. In 2016, the firm celebrated its first class of Milbank@Harvard graduates-associates who completed all four "modules" of the program as their careers progressed.

Illustrious Alumni

Milbank lawyers go on to impressive positions-the firm has alumni at leading tech companies and other corporations (Apple, AOL, Google), private equity firms and hedge funds, major financial institutions, and Wall Street players (Bank of America, Credit Suisse, Deutsche Bank), government (the National Security Agency), the judiciary, and top non-profits (the head of the American Museum of Natural History, for one).


April 2017
Growing White Collar

Milbank continued to add to its impressive bench of white collar litigators as it welcomed partner Katherine Goldstein, former Chief of the Securities and Commodities Fraud Task Force at the United States Attorney's Office for the Southern District of New York.  As head of one of the highest-profile teams in federal law enforcement, and the first woman in over 30 years to hold the title, Goldstein prosecuted and supervised many of the major securities fraud cases in recent years. At Milbank, she joins USAO alumni George Canellos (who was also previously Co-Director of Enforcement at the SEC), Antonia Apps (who also teaches a course on white collar criminal law at Harvard), Thomas Arena, James Cavoli, and Adam Fee. Firm Chairman Scott A. Edelman, recognized as one of the country's leading litigators, is also a USAO alum.

March 2017
Restructuring Rising

Though Milbank doesn't have a Texas location, its Financial Restructuring practice has earned honorary Lone Star status thanks to its work for the big players in oil and gas. In March, Houston-based Linn Energy successfully emerged from bankruptcy; Milbank represented the note holders in that $7.7 billion deal. The firm also represented note holders in the restructuring of Oklahoma oil and gas leader Chaparral Energy, Inc. and its affiliates, and continues to play a key role for creditors in Puerto Rico's ongoing bankruptcy proceedings, as well as for big names like Nortel Networks and Caesars Entertainment. Meanwhile, its partners continue to rack up accolades in the field, with practice head Dennis Dunne named "Global Restructuring Lawyer of the Year" at the Turnaround M&A Atlas Awards, and partner Andrew LeBlanc named "Bankruptcy Lawyer of the Year" by Benchmark Litigation.                               

January 2017
Power Players

When it comes to project finance, energy and infrastructure deals, Milbank frequently traffics in superlatives: the sale of one of the world's largest geothermal facilities, by Chevron affiliates, in Indonesia; the acquisition of the largest solar facility in Colorado by J.P. Morgan Asset Management - Global Real Assets and Novatus; and the Offshore Cape Three Points (OCTP) oil and gas field project financing, a first of its kind in Ghana, just to name a few.  The firm also is highly influential in Latin America's developing economies, with major finance transactions and infrastructure projects in Chile, Colombia, and Mexico, among others. No wonder the firm earns top accolades in the industry, like "Best Infrastructure Firm in Latin America" (LatinFinance) and "Indonesia International Law Firm of the Year" (Chambers Asia-Pacific).

September 2016
Music to Milbank's Ears

In a major headline-grabbing case, a Milbank Litigation team prevailed against the US Department of Justice (DOJ) on behalf of music performing rights licensing company BMI in the US District Court for the Southern District of New York in a decision that impacts more than 750,000 songwriters, composers and music publishers in the over $2 billion music performing rights industry. The decision followed a previous Milbank trial victory on behalf of BMI in a historic music licensing case against Pandora in 2015. The team was led by firm chairman Scott A. Edelman with partner Atara Miller, both of whom earned "Litigators of the Week" kudos from Am Law for their win. Proving the practice's prowess, fellow litigator Sean Murphy was also named "Litigator of the Week" that same month for a significant win on behalf of AXA.

July 2016
The Ultimate Sale

Way back in 2001, a Milbank team based in Los Angeles advised the Fertitta brothers on their acquisition of the then-modest sports enterprise known as Ultimate Fighting Championship (UFC). The firm continued to advise the brothers, doing business as Zuffa, LLC, as they grew the UFC into a mixed martial arts powerhouse with millions of no-holds-barred followers around the world. Milbank was in the cage with these owners, Zuffa, LLC, as they sold UFC to WME/IMG in an all-cash transaction valued at around $4 billion, one of the largest sports transactions ever.

June 2016
A Future So Bright, You've Got To Wear Shades

Milbank continues to raise the bar for professional development offerings. In addition to its one-of-a-kind Milbank@Harvard program for mid-level associates, the firm continued to boost its training programs for newer lawyers. The firm announced the launch of Advocacy@Milbank, a training program for new litigators that includes specialized training sessions and hands-on advocacy work, including pro bono cases through the Office of Appellate Defender. Summer associates get to participate first-hand in the life-cycle of a company through Milbank's Windstar training program.

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Milbank, Tweed, Hadley & McCloy LLP

28 Liberty Street
New York, NY 10005


  • Employer Type: Private
  • Chairman: Scott A. Edelman
  • Hiring Partners: Roland Estevez, Lauren A. Hanrahan, Tyson Lomazow, Atara Miller, Rod Miller (NY); Dara Panahy (DC); Brett Goldblatt (LA)
  • Total No. Attorneys 2017: 664

  • Base Salary
    New York
    1st year: $180,000
    2nd year: $190,000
    3rd year: $210,000
    4th year: $235,000
    5th year: $260,000
    6th year: $280,000
    7th year: $300,000
    8th year: $315,000
    Summer associate: $3,462/week

  • Summer Associate Offers
    66 out of 66 (2Ls) (2016)

  • Major Departments & Practices

    Corporate • Finance • Financial Restructuring • Litigation & Arbitration • Capital Markets • Tax • 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 • Seoul • Singapore • Tokyo