Milbank, Tweed, Hadley & McCloy LLP at a Glance


  • “Associates' personalities and energy”
  • “Work is exciting, fast-paced, and interesting”
  • “No billable hours requirements”


  • “The technology”
  • “Opaque management”
  • “Work imbalance between practice areas”

The Buzz

  • “International deals”
  • “Good bankruptcy practice”
  • “Old firm”
  • “The Firm”

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. Though built on a solid Wall Street foundation, with an emphasis on litigation and finance transactions, Milbank showed signs of international ambition early on. 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.

Onward and Upward

Milbank's work in such areas as corporate finance, transportation finance, bankruptcy and M&A over the past four decades cemented its reputation as one of the top financial services firms in the United States. 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 represent the creditors in the Kodak and American Airlines bankruptcies, 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 debtors, creditors' committees, hedge funds, private equity firms, DIP lenders, and distressed M&A acquirers in such matters.

From securing international financing for corporate jets 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.

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 2014-May 2015

Busy at the Bench
Over the past year, Milbank brought more than 15 cases to trial. In May, the firm prevailed on behalf of music licensing company BMI in a closely watched case involving the rate Pandora pays to stream its artists' songs. Milbank's intellectual property litigation practice had a strong year, successfully representing Apple in a number of patent-related cases involving WiFi and other widely used technologies. Milbank attorneys also devoted more than 44,000 hours to pro bono work in 2014. In Louisiana, litigators kept up the fight to exonerate John Wille, who was one of the longest-serving death row inmates in the U.S. until a Milbank team helped abrogate his death sentence last year.

May 2015

A Real (Estate) Big Deal
Milbank's Corporate Group made headlines when it advised Cushman & Wakefield Inc., a leading commercial property and investment firm, in its merger with DTZ, a real estate concern backed by leading private equity firm TPG Capital. The merger will create a global real estate powerhouse with revenues of more than $5.5 billion, and over 43,000 employees in 250 offices worldwide.

March 2015

Expanding Verizon's Horizons
Milbank's global securities and tax teams continued to help Verizon hit new heights. For the second consecutive year, the firm represented the dealer managers in a private exchange offer by Verizon Communications Inc. At $13.37 billion, this was the largest debt exchange offer on record to date. The transaction allowed Verizon to take advantage of low interest rates and low borrowing costs while also extending and spreading out the maturity of its debt.

July 2014-March 2015

The Go-to Firm for Bankruptcies
Milbank, which has played a critical role in nearly every major financial restructuring in recent years, once again advised on headline-grabbing bankruptcy matters for clients in a variety of industries. In March, the firm helped guide mobile satellite communication services giant LightSquared to confirmation of a reorganization plan, paving the way for its emergence from Chapter 11 after a heavily contested bankruptcy. The firm also represented lingerie retailer Frederick's of Hollywood in its Chapter 11 case and negotiated the sale of substantially all of its assets in a distressed M&A transaction that will ensure the survival of the Frederick's brand and maximize value for creditors. In addition, the firm currently plays a central role in the novel restructuring of the debt of the Commonwealth of Puerto Rico.

January 2015

Project Finance Goes Deep
In a milestone project finance transaction, Milbank advised Seaborn Networks on its financing to build the first direct submarine cable connection between New York and São Paulo. Existing undersea cables between the U.S. and Brazil carry approximately 65% of all internet, data, and voice traffic between Latin America and the rest of the world. The new project, known as Seabras-1, is expected to use next-generation technology to deliver high-capacity telecommunications for one of the world's fastest-growing transoceanic routes.

September 2014

A White Collar Dream Team
Milbank's high-powered white collar and securities litigation team was busy on a number of matters, including investigations and litigation related to "dark pool" trading as well as the alleged manipulation of the London Interbank Offered Rate (LIBOR) and other interest rate benchmarks. The team got a boost in September with the addition of Antonia Apps, formerly with the U.S. Attorney's Office for the Southern District of New York; she joined Global Litigation Group head George Canellos, who returned to Milbank in early 2014 after several years in top enforcement positions at the SEC.

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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: Jay D. Grushkin (NY), Lauren A. Hanrahan (NY), Tyson Lomazow (NY), Atara Miller (NY), Sean M. Murphy (NY), Dara Panahy (DC) and Brett Goldblatt (LA)
  • Total No. Attorneys 2015: 646

  • Employment Contact
    Ms. Amy Stisser
    Associate Director of Global Legal 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
    47 out of 47 (2014)

  • Major Departments & Practices
    Financial Restructuring
    Litigation & Arbitration
    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
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