Milbank, Tweed, Hadley & McCloy LLP at a Glance


  • “Supportive and nice people”
  • “Bonus not tied to billable hours”
  • “Milbank@Harvard”


  • “Technology is lacking”
  • “Lack of transparency in partnership prospects”
  • “Outdated office space”

The Buzz

  • “Great bankruptcy creditor side lawyers”
  • “Good-natured”
  • “Conservative”
  • “Old School”

About Milbank, Tweed, Hadley & McCloy LLP

Milbank, Tweed, Hadley & McCloy LLP is one of the nation's leading firms for corporate finance and restructuring,project finance and litigation, 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, 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 2016, the firm made plans for 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, and Molycorp, 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.

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). The firm also boasts some noteworthy returning lawyers, including Litigation partner George Canellos, who came back to Milbank in 2015 after serving as co-director of the Enforcement Division of the U.S. Securities and Exchange Commission.


May 2016
So Long, Wall Street

When a firm like Milbank decides to leave NYC's financial district after 150 years (the firm also marks its milestone anniversary in 2016), it gets noticed. Milbank made headlines in both the legal and real estate press for its announcement that it would be moving from its longtime digs downtown to the up-and-coming Manhattan development known as Hudson Yards, the largest and most ambitious real estate project in the U.S. Anticipated for late 2018, the relocation will allow Milbank to customize a brand-new around its collaborative, energetic and inclusive culture, alongside neighbors and clients in tech, media, financial services, and other sectors.

April 2016
Financial Restructuring on the Go

The financial markets have been relatively stable through the year-but if you looked at Milbank's Financial Restructuring Group's booming business, you'd think everyone was going bankrupt. The firm has a top-notch restructuring practice, and has advised companies and creditors on nearly every headline-making restructuring transaction in recent years. In fact, the recent drop in global commodities prices has created a platform for Milbank to further validate its reputation as the go-to firm for hedge funds, private equity firms, and other large creditors in complex distressed situations. The firm played a leading role in the monumental chapter 11 case of MPM Silicone (Momentive), and represented the fulcrum security holders in the successful restructurings of Vantage, Quicksilver, Molycorp, and American Apparel, to name a few. The firm has also played a leading role in the restructuring of Puerto Rico's indebtedness.

March 2016
Leading in Litigation

Milbank's litigators work on some of the most high-profile white collar criminal investigations, including "front-page" global investigations involving LIBOR rate fixing, foreign exchange practices, high-speed trading, and accounting fraud. Milbank also boasts a premier trial practice, with its litigators bringing cases to trial more than 15 times in 2015. In 2015, the firm prevailed on behalf of music licensing company BMI in a closely watched case involving the rate Pandora pays to stream BMI's songwriters' music. Milbank also prevailed in multiple cases for some of the country's leading tech companies. This trend has continued in 2016, with Milbank's litigators trying cutting-edge securities cases on behalf of two of the country's largest mutual fund companies.

January 2016
Mid-Market M&A

Named "M&A Middle Market Firm of the Year" by Mergers & Acquisitions magazine, Milbank continued to expand its M&A practice through strategic recruiting and advising on innovative deals in energy, aviation, infrastructure, gaming and other sectors. From advising private equity firm ArcLight Capital Partners on the sale of a natural gas and dual-fuel fired portfolio, to acting as lead counsel to Cushman & Wakefield in its merger with DTZ, to representing Penn National Gaming in its purchase of the Tropicana Las Vegas Casino Hotel Resort, Milbank's Corporate lawyers stayed extremely busy throughout 2015.

December 2015-May 2016
Out of This World Broadband

Milbank has been advising O3b Networks, an ambitious global satellite project that delivers super-fast broadband connections to emerging markets, on corporate, tax, commercial and finance matters since its creation. O3b stands for the "other three billion," a reference to nearly half of the world's population that has yet to access adequate broadband internet connectivity. In December 2015, a cross-practice, cross-border Milbank team in the US and the UK advised the company on the implementation of a revised financial structure the firm developed in 2011, to allow O3b to expand its business, described by the BBC as "one of the most ambitious commercial space projects of the decade."

October 2015-May 2016
A World of Project Finance

Whether you're looking at a solar power plant in the Atacama desert of Chile, a highway connecting central Colombia or a new airport hub in the Dominican Republic, it's likely Milbank played a role in its development. For decades, the firm has worked with lenders and developers on financing major projects throughout Latin America. In one recent example, the firm advised a global port management company on securing financing from an international syndicate of creditors, including a Chinese fund, for the expansion of Mexico's largest port complex. Located in Manzanillo, the port is considered vital to Mexico's role in trade with Asia.

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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 2016: 648

  • 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
    55 out of 55 (2Ls) (2015)

  • Major Departments & Practices
    Financial Restructuring
    Litigation & Arbitration
    Capital Markets
    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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