Milbank, Tweed, Hadley & McCloy Law Firm Profile

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Milbank, Tweed, Hadley & McCloy LLP

  • Designation: New York
  • Head Count: 592
  • Gross Revenues: $706,000,000
  • Revenue Per Lawyer: $1,195,000
  • Profits Per Partner: $2,565,000
  • Year Over Year Change: 2

Milbank, Tweed, Hadley & McCloy is a New York City-based firm. With $622,000,000 in gross revenue in 2010, the firm ranked 41st on The American Lawyer's 2011 Am Law 100. Milbank, Tweed has been in the top 50 of The American Lawyer's annual AmLaw 100 rankings of U.S. law firms by revenue since 1986. According to the National Law Journal's 2011 NLJ 250 rankings of firms based on size, the firm has 574 attorneys and is the 68th largest law firm in the United States. In the 2011 Global 100 survey of firms worldwide, Milbank, Tweed ranked as the 48th highest grossing law firm. Milbank, Tweed's practice areas include corporate finance, capital markets, general corporate, and securities litigation. In addition to its New York headquarters, Milbank, Tweed has U.S. offices in Los Angeles and Washington, D.C. Its overseas offices include London, Hong Kong, and Tokyo.

Firm Rankings

Survey Rank Year Over Year Change Description
Am Law 100 41 2 Gross revenue
Am Law 200 41 2 Gross revenue
NLJ 250 66 6 Lawyer head count
The A-List 4 4 Overall excellence
Pro Bono Scorecard 15 2 Pro-bono commitment
Diversity Scorecard 17 -1 Minority head count
Midlevel Associates Survey 68 25 Job satisfaction
Summer Associates Survey 16 -4 Summer programs

In the News

Deal of the Week: $1 Billion Energy Joint Venture

Brenda Sapino Jeffreys : Texas Lawyer : January 21, 2014

Personal Notes on Lawyers

: New York Law Journal : January 17, 2014

Seven firms announce new additions, while Davis Polk & Wardwell has elected two new partners.

Deal of the Week: $1 Billion Energy Joint Venture

Brenda Sapino Jeffreys : Texas Lawyer : January 16, 2014

Andrews Kurth represents NRG Energy Inc. in a $1 billion joint venture with JS Nippon Oil & Gas Exploration Corp. to build the world's largest post-combustion carbon capture and sequestration operation in Fort Bend County.

Myanmar's Moment?

Tom Brennan : The Asian Lawyer : January 14, 2014

With its rich natural resources and recent political and economic reforms, the country has become one of Asia's "it" destinations for law firms. But will the widely anticipated boom in foreign investment actually follow?

The Careerist: Best Firms for the Summer (and After)

Vivia Chen : The Careerist : January 10, 2014

Vault's top law firms for summer programs and associate happiness.

The American Lawyer Chooses 2014 Global Legal Award Winners

Michael D. Goldhaber : The Am Law Daily : January 10, 2014

The American Lawyer unveils the 36 winners of its second annual Global Legal Awards. Four grand prizewinners—in Global M&A, Global Finance, Global Disputes and Global Citizenship—will be announced at the awards dinner on Sept. 15 at Gotham Hall in New York City.

A-List Law Firms Have Feet of Clay

Vivia Chen : The National Law Journal : January 07, 2014

The American Lawyer just published its annual "A-List" issue, but once you look behind the scores, you get a sense that the winners aren't quite as stellar as they first appear.

The Churn: Fitzpatrick Cella Leader Leaves, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : January 01, 2014

Mayer Brown has hired Colleen Tracy, former managing partner of New York-based Fitzpatrick, Cella, Harper & Scinto, where she took the IP firm's leadership reins in 2009. The Am Law Daily looks at Tracy's move and other new arrivals throughout The Am Law 200.

Vinson & Elkins Rolls Up Sleeves on $2.86 Billion Merger of Oil Field Services Businesses

Brenda Sapino Jeffreys : Texas Lawyer : January 30, 2014

On June 25, C&J announced a definitive agreement for the merger of the oil field services businesses.

The Careerist: A-Listers, Read This

Vivia Chen : The American Lawyer : January 30, 2014

You may be the toast of your profession, but the numbers show you can—and must—do better.

Transatlantic Trio Make Third Time a Charm for Kentz

Brian Baxter : The Am Law Daily : January 23, 2014

Canadian engineering and construction giant SNC-Lavalin Group has agreed to pay nearly $2 billion to acquire British oil and gas company Kentz Corp., which had rebuffed two other takeover attempts in recent months. Norton Rose Fulbright and a handful of Canadian firms are advising on the deal and another $511 million Canadian tie-up announced Monday.

Personal Notes on Lawyers

: New York Law Journal : January 11, 2014

Haynes and Boone and Debevoise & Plimpton have added partners, while other firms have named practice group leaders and added counsel.

King & Wood Mallesons Hong Kong Pair Break Off

Anna Zhang : The Asian Lawyer : January 09, 2014

Corporate partners Larry Kwok and Conrad Chan are leaving to start their own firm.

Movers

: The National Law Journal : January 09, 2014

New arrivals and lateral moves in this week's column.

The Diversity Crisis: Time to Call It Racism?

Vivia Chen : The American Lawyer : January 05, 2014

Until law firms start acting as if they believe blacks can make it in Big Law, diversity efforts won't succeed.

The Churn: Squire Patton Boggs Fallout, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : January 30, 2014

The Careerist: Is It Time To Call It Racism?

Vivia Chen : The Careerist : January 29, 2014

Is racism one reason African Americans aren't making it in law firms?

The Churn: Houston Stays Hot, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : January 27, 2014

Jones Day makes high-profile hires at the center of Texas' booming energy market in our latest roundup of moves across The Am Law 200.

The Churn: Squire Patton Boggs, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : January 23, 2014

A look at some partners who won't be joining a combined Squire Patton Boggs, Edwards Wildman Palmer's new public policy group, Polsinelli hires four and more lateral moves across The Am Law 200.

Milbank, Latham on Indonesia Plant Financing

Anna Zhang : The Asian Lawyer : January 22, 2014

A consortium led by two Japanese companies has borrowed $1.17 billion to develop a geothermal plant in northern Indonesia.

Asia Deal Digest: May 22, 2014

Anna Zhang : The Asian Lawyer : January 22, 2014

* Allen & Overy guides India's Bharti Airtel on a $2 billion bond issue* Skadden and Davis Polk lead on $1.3 billion Tencent investment in JD.com* Milbank and Latham on a $1.17 billion Indonesian geothermal plant financing

A&O, Milbank on Bharti Airtel Bond Offering

Anna Zhang : The Asian Lawyer : January 21, 2014

The Indian mobile telecommunications giant is raising $2 billion to refinance existing debt.

Dozen Firms Tune In for AT&T's $48.5 Billion DirecTV Buy

Brian Baxter : The Am Law Daily : January 19, 2014

In a deal likely to face major regulatory scrutiny, a telecommunications giant aims to absorb the nation's largest satellite television operator.

Goodwin Procter Adds Two Partners in Hong Kong

Anna Zhang : The Asian Lawyer : January 16, 2014

Christopher Yu and Andrew Yang were previously associates at Cleary Gottlieb Steen & Hamilton and Milbank, Tweed, Hadley & McCloy, respectively.

The Churn: Patton, Squire Make Hires, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : January 16, 2014

Squire Sanders and Patton Boggs add lawyers as their merger talks move toward a resolution, Troutman opens in Charlotte and bankruptcy boutiques get busy.

Which German Cities Are Best—or Worst—for Law Firms?

Chris Johnson : The American Lawyer : January 15, 2014

The answer depends on your firm's strategy, strongest practice areas and client base.

Asia Deal Digest: May 15, 2014

Anna Zhang : The Asian Lawyer : January 15, 2014

* Freshfields guides China's Citic Group on massive restructuring* Herbert Smith Freehills leads on three big China bond offerings* King & Wood Mallesons advises Sydney airport on $1.4 billion loan

Bingham Chair Zimmerman to Shed Daily Duties

Julie Triedman : The Am Law Daily : January 13, 2014

Five months after posting its worst-ever single-year decline in profitability, Bingham McCutchen said Tuesday that longtime chairman Jay Zimmerman will formally hand over day-to-day management of the firm to managing partner Steven Browne as of June 1.

Personal Notes on Lawyers

: New York Law Journal : January 12, 2014

Seven firms announce new hires, outsourcing firm EXL has appointed Nancy Saltzman as general counsel and company secretary, and Fordham Law School has appointed Nestor Davidson as associate dean for academic affairs.

Lawyers Feeling Chill in Indonesia

Tom Brennan : The Asian Lawyer : January 12, 2014

Two years ago, Indonesia was one of the hottest markets in Asia for international law firms. But a drop in demand from China has hit Indonesia's resources sector hard, and the once investment-friendly political environment has shifted in a more nationalist direction. Firms say many foreign investors are holding off for now, waiting to see if things change after a presidential election in July.

Asia Deal Digest: May 8, 2014

Tom Brennan : The Asian Lawyer : January 08, 2014

* Simpson Thacher taking China's Alibaba public in the U.S.* Morrison & Foerster helping Chinese train maker test Hong Kong IPO waters* King & Wood Mallesons and Minter Ellison on $1.6 billion Newcastle port lease

Kirkland Grabs Role on Big Bankruptcy From Bygone Era

Brian Baxter : The Am Law Daily : January 30, 2014

Energy Future Holdings Corp., the Texas energy giant once known as TXU, filed for bankruptcy Tuesday in Delaware.

The Churn: SDNY Prosecutors Join Am Law Firms, Plus More Lateral Moves

Tom Huddleston Jr. : The Am Law Daily : January 29, 2014

Brown Rudnick and Ropes & Gray both announce additions of prosecutors from the U.S. attorney's office for New York's Southern District.

Am Law 100 Analysis: The Super Rich Get Richer

Aric Press : The American Lawyer : January 28, 2014

It was a middling year for most big firms, but the top 20 pulled away from the pack.

Movers

: The National Law Journal : January 28, 2014

New hires and lateral moves in this week's column.

Asia Deal Digest: April 17, 2014

Anna Zhang : The Asian Lawyer : January 17, 2014

* White & Case and Linklaters lead on $5.85 billion Chinese mine acquisition in Peru* Chinese retail group turns to Simpson Thacher for its takeover of a British department store chain* Milbank advises the government of Sri Lanka on a third sovereign bond offering

The Churn: Bingham Hedge Fund Duo Defects, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : January 15, 2014

Two prominent hedge fund partners and a privacy practice cochair have left Bingham McCutchen.

Akin, Milbank Help Broker Big Matzo Swap

Brian Baxter : The Am Law Daily : January 11, 2014

With Passover approaching, Akin Gump Strauss Hauer & Feld and Milbank, Tweed, Hadley & McCloy grabbed seats at the table as The Manischewitz Company—one of the few remaining matzo makers in the U.S.—saw its ownership transfer from one privately held entity to another.

Am Law Firms Help Goldman and Koch Spark Flint Deal

Tom Huddleston Jr. : The Am Law Daily : January 10, 2014

Milbank is acting as lead counsel to Goldman Sachs and Koch Industries on their joint purchase of printing ink company Flint Group from CVC Capital Partners for a reported $3 billion. Simpson Thacher is also advising the buyers, while German firm Hengeler Mueller is representing CVC.

On the Move

: The Recorder : January 04, 2014

New hires, promotions, appointments and awards in-house, at firms, and in government and academia.

Asia Deal Digest: April 3, 2014

Anna Zhang : The Asian Lawyer : January 03, 2014

* HWL Ebsworth advises restructuring Aussie mall developer Westfield on $20 billion in loan facilities* Slaughter and May and Freshfields on Singapore bank's proposed $5 billion Hong Kong acquisition* Skadden guides Chinese antivirus software maker on $300 million U.S. IPO

State Court Can Enforce Czech Judgment, Panel Finds

Brendan Pierson : New York Law Journal : January 02, 2014

A New York court can recognize a judgment from a Czech criminal court against a notorious financier who cheated Czech investors out of about $410 million because the judgment is civil in nature, a unanimous state appeals court has ruled, reversing a lower court judge.

The Churn: Weil, Patton Boggs See More Defections, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : January 01, 2014

Weil, Gotshal & Manges loses a securities litigation partner to Jenner & Block; Patton Boggs goes through another spate of departures; and Wilmer Cutler Pickering Hale and Dorr hires a former FBI director and his ex-chief of staff.

Big Firms Hitch Ride on River of U.S., Global IPOs

Brian Baxter : The Am Law Daily : January 27, 2014

Wilson Sonsini, Latham & Watkins, Fenwick & West and Cooley are among the Am Law 100 firms reaping the benefits of a surge in activity on the initial public offering front so far this year. And with the IPO pipeline packed, more large firms are poised to help corporate clients tap the capital markets.

Casino Miami Jai Alai Auctioned Off For $155 Million

Adolfo Pesquera : Daily Business Review : January 26, 2014

Florida Gaming Corp. auctioned the casino to its primary lender, ABC Funding LLC, amid competition from other bidders.

Am Law Quartet Tune In for Big Local TV Deal

Brian Baxter : The Am Law Daily : January 21, 2014

Media General has turned to Fried, Frank, Harris, Shriver & Jacobson for counsel on its proposed acquisition of LIN Media LLC, which has retained Covington & Burling and Weil, Gotshal & Manges to advise on the $1.6 billion cash-and-stock deal. Paul Hastings, meanwhile, is working on arranging the financing for the transaction, which will create the nation's second-largest local television broadcasting company.

Stephenson Harwood Global Aviation Head Joins Milbank

Anna Zhang : The Asian Lawyer : January 14, 2014

Paul Ng will lead Milbank's Asian aviation practice from Singapore.

The Am Law 100, the Early Numbers: For Milbank, a Solid Year Under New Leader

Susan Beck : The Am Law Daily : January 14, 2014

Milbank, Tweed, Hadley & McCloy ended its first year under new chairman Scott Edelman on a positive note, with gross revenue increasing 6 percent, to $706 million, and profits per partner rising 5 percent, to $2.565 million, according to The American Lawyer's reporting.

Asia Deal Digest: March 13, 2014

Tom Brennan : The Asian Lawyer : January 13, 2014

* MoFo advises Singapore's GLP on its $1.4 billion purchase of Brazilian warehouse space* Chinese auction house Poly Group turns to Clifford Chance for $331 million IPO* Davis Polk and Skadden on Tencent's strategic alliance with online retailer JD.com.

RBC Abetted Fiduciary Breach in Sale of Ambulance Company, Laster Finds

Jeff Mordock : Delaware Business Court Insider : January 12, 2014

The Delaware Court of Chancery has found that financial adviser RBC Capital Markets LLC aided and abetted a breach of fiduciary duties by directors of a for-profit ambulance service provider when it was sold to Warburg Pincus LLC for $438 million in 2011.

Del. Supreme Court Revives Bank's Claim for Unpaid Interest

Jeff Mordock : Delaware Law Weekly : January 12, 2014

The Delaware Supreme Court has revived a lawsuit initiated by RBC Capital Markets against a trust that it claims failed to pay owed interest.

The Asian Lawyer All-Star Awards

Anthony Lin : The Asian Lawyer : January 10, 2014

On March 5, at a gala dinner held at the Conrad Hotel in Hong Kong, The Asian Lawyer presented its inaugural All-Star Awards. We sought to do something different, recognizing excellence in advising key industries rather than simply honoring the biggest, highest-profile deals of the year (though we took those into account too). We also said we would be publishing the reasons for the decisions that we made. And so here we do exactly that, category by category.

Asia Deal Digest: March 6, 2014

Anna Zhang : The Asian Lawyer : January 06, 2014

* Sullivan & Cromwell and Mori Hamada team for Japan Display's $3.8 billion Tokyo IPO* Clifford Chance advises Chinese state food giant COFCO on its acquisition of a Dutch grain trader* Skadden on planned $500 million IPO for Chinese microblogging service Sina Weibo

Weil Loses Finance Partner to Paul Hastings

Julie Triedman : The Am Law Daily : January 03, 2014

Senior leveraged finance partner John Cobb is heading to Paul Hastings from Weil, Gotshal & Manges, marking the 36th partner departure from Weil in the past six months, and the 15th in just the last three months alone, according to reporting by The American Lawyer.

Herbert Smith Freehills Drops Singapore QFLP License

Anthony Lin : The Asian Lawyer : January 27, 2014

Singapore's Ministry of Law announced Friday that four other foreign firms renewed their licenses, which allow them to practice Singapore law in exchange for meeting certain local hiring and revenue targets, while one firm was given a one-year conditional extension.

Deal of the Week: Bracewell Leading Pending Sale of Apache Corp.'s Argentina Operations

Brenda Sapino Jeffreys : Texas Lawyer : January 24, 2014

P. Anthony Lannie, executive vice president and general counsel of Apache Corp., is using Bracewell & Giuliani in the Houston oil and gas exploration and production company's pending sale of its Argentina operations to YPF Sociedad Anonima for $852 million.

Movers

: The National Law Journal : January 24, 2014

Geoffrey Willis joins the Brown Rudnick's environmental and real estate practices in the Irvine, Calif., office. Plus more law firm movers in this week's column.

The Churn: Milbank, Shearman Land Securities Litigators, Plus More Lateral Moves

Sara Randazzo : The Am Law Daily : January 14, 2014

A string of New York securities litigators are on the move; Bingham loses two Los Angeles–based lawyers to Winston and a partner in San Francisco to Manatt; and a former U.S. ambassador rejoins Jones Day.

SEC's Canellos Returns to Milbank as Shearman Picks Up Orrick Heavyweights

Julie Triedman : The Am Law Daily : January 13, 2014

Wednesday was a day of musical chairs for the New York securities bar. One top securities litigator and government enforcer opted to return to his longtime law firm, while another prominent practitioner landed at his fourth firm in eight years.

Asia Deal Digest: February 13, 2014

Tom Brennan : The Asian Lawyer : January 13, 2014

* Singapore's Puma Energy turns to Cleary for a $750 million notes issue in Luxembourg* Skadden advises Chinese SOE on Alcatel-Lucent Enterprise acquisition* Maddocks and Stikeman Elliott on the $479 million acquisition of an Aussie dairy products company

SEC's Canellos Returns to Milbank as Shearman Picks Up Orrick Heavyweights

Julie Triedman : The Litigation Daily : January 12, 2014

Wednesday was a day of musical chairs for the New York securities bar. One top securities litigator and government enforcer opted to return to his longtime law firm, while another prominent practitioner landed at his fourth firm in eight years.

The Churn: L&E Defections at Paul Hastings, Plus More Lateral Moves

Tom Huddleston Jr. : The Am Law Daily : January 07, 2014

Three New York–based Paul Hastings labor and employment partners jump to Proskauer Rose, and a fourth joins Ogletree in Atlanta; Foley & Lardner adds two partners and an of counsel in Miami; and a Kirkland partner becomes chair of Winston & Strawn's West Coast private equity practice.

The Lateral All-Stars

Hillary Flynn, Tom Brennan, Chris Johnson and Jan Wolfe : The American Lawyer : January 03, 2014

The most high-profile lateral partner moves of 2013.

Movers

: The National Law Journal : January 27, 2014

Orrin Harrison III joins Gruber Hurst Johansen Hail Shank as partner in the Dallas office. Plus more law firm movers in this week's column.

The Asian Lawyer Announces Awards Finalists

Anthony Lin : The Asian Lawyer : January 27, 2014

We are pleased to announce the finalists in nine industry categories for The Asian Lawyer All-Star law firm awards.