Milbank, Tweed, Hadley & McCloy Law Firm Profile

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IN-DEPTH RESEARCH REPORT
on Milbank, Tweed, Hadley & McCloy LLP

  • - Financial Information
  • - Compensation
  • - Billing Rates
  • - Lateral Partner Moves
  • - Pro bono
  • - Key Contacts

Milbank, Tweed, Hadley & McCloy LLP

  • Designation: New York
  • Head Count: 614
  • Gross Revenues: $761,000,000
  • Revenue Per Lawyer: $1,240,000
  • Profits Per Partner: $2,745,000
  • Year Over Year Change: 1

Milbank, Tweed, Hadley & McCloy is a New York-based law firm.  According to the National Law Journal's 2014 NLJ 350 ranking of firms based on size, Milbank, Tweed, Hadley & McCloy has 592 attorneys and is the 66th largest firm in the United States.  With $761,000,000 in gross revenue in 2014, the firm placed 40th on The American Lawyer's 2015 Am Law 200 ranking.  On the 2013 Global 100 survey, Milbank, Tweed, Hadley & McCloy ranked as the 49th highest grossing law firm in the world.  The firm has offices in CA, DC and NY.

Firm Rankings

Survey Rank Year Over Year Change Description
Am Law 100 40 1 Gross revenue
Am Law 200 40 1 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

Quinn Emanuel Heads to Shanghai, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : May 26, 2015

Litigation giant Quinn Emanuel opens its first office in mainland China; Steptoe & Johnson snags four in Silicon Valley; Dentons follows up on its Newt Gingrich hire with several new additions; and other hires from throughout The Am Law 200.

Reed Smith Adds Seven as Sports Pro Departs, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : May 24, 2015

A seven-partner team will open a new Frankfurt office for Reed Smith, which saw a top sports lawyer head for greener fields; Foley Hoag brings on Massachusetts' former attorney general; Cravath hires from Crowell & Moring; and more notable additions from throughout The Am Law 200.

Reed Smith to Open in Frankfurt

Gina Passarella : The Legal Intelligencer : May 22, 2015

Reed Smith is set to open an office in Frankfurt, Germany, on June 1 with the addition of seven lawyers from four different firms. The new location, which will focus heavily on the financial services industry, will be managed from the firm's 10-year-old Munich office.

Milbank Scores for BMI in Pandora Licensing Row

Scott Flaherty : The Litigation Daily : May 16, 2015

Fresh off a Second Circuit win against ASCAP, Pandora and its lawyers at King & Spalding ran into trouble in their parallel royalty dispute with Broadcast Music Inc.

Deal Watch: Weil, Wachtell Dial Up for Verizon's $4.4 Billion AOL Buy

Jennifer Henderson : The Am Law Daily : May 14, 2015

Verizon Communication Inc. cites AOL Inc.'s market success in digital content and advertising platforms as reasons behind the purchase. Also in this week's roundup of deals worth $1 billion or more: Williams' acquisition of its master limited partnership Williams Partners in an all-stock deal valued at $13.8 billion, led by Gibson Dunn and Baker Botts.

The American Lawyer Announces Transatlantic Legal Awards Finalists for 2015

Brian Baxter : The Am Law Daily : May 12, 2015

The American Lawyer announced this week the finalists of its 2015 Transatlantic Legal Awards. These awards recognize law firms for excellence in handling transatlantic matters across the key areas of corporate, finance and disputes, as well as highlighting law firm innovation, commitment to pro bono, outstanding transatlantic strategy and in-house leaders.

Three Firms See Departures Continue, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : May 11, 2015

McKenna Long & Aldridge, O'Melveny & Myers and Pillsbury Winthrop Shaw Pittman see more partners peel away; a former Bingham McCutchen tax partner rejoins her former colleagues at Morgan, Lewis & Bockius; a Latham & Watkins antitrust litigator launches her own boutique; and other notable moves from throughout The Am Law 200.

Am Law 100 Analysis: The Year's Hottest Markets

Drew Combs : The American Lawyer : May 08, 2015

Most Am Law 100 firms had solid results in 2014, but some sector bets paid off especially well.

Deal Watch: Am Law Trio Guides $8.4 Billion Rare Disease Drug Deal

Jennifer Henderson : The Am Law Daily : May 07, 2015

The pharmaceutical industry once again reigned supreme on the transactional front this week, although a pair of Am Law 100 firms also helped an iconic New York property change hands.

Quinn Emanuel Wins Reversal, Revives Suit over $1.5B CDO

Susan Beck : The Litigation Daily : April 15, 2015

In the latest case sparked by the alleged CDO shenanigans of hedge fund Magnetar Capital, the Second Circuit ruled that FGIC can pursue claims over a $1.5 billion CDO gone bad.

Wine Lovers Relocate, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : April 14, 2015

Duane Morris and McKool Smith saw a pair of oenophiles pull up stakes for new endeavors; Kirkland & Ellis adds one litigator and loses two more; Paul Hastings bolsters its banking group in London; and other notable moves from throughout The Am Law 200.

Oil Refiners' Lobby Taps Crowell & Moring, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : April 03, 2015

Crowell & Moring's environmental and natural resources chair decamps for a key client; Fried Frank hires a new litigation chief; McGuireWoods adds a former top Milbank litigator in Los Angeles; and other notable additions from throughout The Am Law 200.

McGuireWoods to Merge with L.A. Boutique

Jennifer Henderson : The Am Law Daily : April 01, 2015

McGuireWoods is set to merge with Integer Law Corp., a Los Angeles boutique firm founded in 2010 by former Milbank, Tweed, Hadley & McCloy litigation partner Gregory Evans.

Cleary, Milbank on Petronas' $5B Bond Sale

: The Asian Lawyer : March 23, 2015

The Malaysian state-owned energy company sold a mix of Islamic and conventional notes to raise cash in the wake of tumbling oil prices.

Deal Watch: One Skadden Client Ousts Another in Duel for Salix

Jennifer Henderson : The Am Law Daily : March 19, 2015

Our latest roundup of transactions sees Skadden client Valeant Pharmaceuticals International prevail over fellow firm client Endo International in its bid for Salix Pharmaceuticals, while Latham & Watkins, Ropes & Gray and Simpson Thacher & Bartlett advise several private equity clients on their proposed acquisitions of Chicago's Willis Tower and Life Time Fitness.

To Satisfy Clients, Law Firms Submit to Cybersecurity Scrutiny

Nell Gluckman : The Am Law Daily : March 12, 2015

At least a dozen Am Law 200 and Magic Circle firms have attained a certification called ISO 27001 to demonstrate they're taking steps toward protecting their documents and communication systems from security breaches, and at least 21 more are in the process of seeking the certification. But even those measures are not enough for some of their biggest bank clients, which demand even tougher standards to guard against cyberattacks.

Movers

: The National Law Journal : March 09, 2015

Laterals and new arrivals in this week's column.

Littler Goes to Guatemala, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : March 08, 2015

Littler Mendelson's Swiss verein enters Guatemala, as the global labor and employment firm loses a six-lawyer team in Atlanta; Covington & Burling opens in Los Angeles; Paul Hastings' hiring spree extends to Brazil; and other notable additions from throughout The Am Law 200.

2015 New Partners: A-C

: New Jersey Law Journal : March 06, 2015

Paul Hastings' Hiring Spree Continues With Magic Circle Raid

Brian Baxter : The Am Law Daily : March 06, 2015

The Los Angeles-based firm, which saw partner profits rise 8.5 percent in 2014, has picked up three partners from Allen & Overy and a new office in Brazil in the wake of other recent hires of note from Fried, Frank, Harris, Shriver & Jacobson and Shearman & Sterling.

Deal Watch: Three Am Law Firms Lead on AbbVie's $21 Billion Pharma Buy

Jennifer Henderson : The Am Law Daily : March 05, 2015

Big Pharma tops our latest roundup of deals worth $1 billion or more, with AbbVie Inc. agreeing to purchase cancer-drug maker Pharmacyclics Inc. for $21 billion. Skadden, Arps, Slate, Meagher & Flom advised on the most number of billion-dollar deals this week, with four, while Wachtell, Lipton, Rosen & Katz led the way by transaction value.

2015 New Partners Yearbook

: New Jersey Law Journal : March 04, 2015

This is the 's annual yearbook devoted to profiling both newly promoted partners and newly hired lateral partners at law firms in New Jersey.

Winners Announced for Asia Legal Awards 2015

: The Asian Lawyer : March 04, 2015

On Tuesday night, The Asian Lawyer held its second annual Asia Legal Awards, celebrating the region's top law firms. As promised, here's the list of lucky winners.

Milbank Adds Euro Trio, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : March 01, 2015

Milbank expands in London and Frankfurt; Gordon Rees Scully Mansukhani loses a top sports lawyer, but picks up more than a dozen others in Pittsburgh; Barclays and Deutsche Bank raid big firms for two in-house legal chiefs; Cadwalader brings on a top federal prosecutor; and other notable additions from throughout The Am Law 200.

The Am Law 100, the Early Numbers: Paul Hastings' Revenue Surpasses $1 Billion

Nell Gluckman : The Am Law Daily : February 26, 2015

Paul Hastings' gross revenue passed surpassed $1 billion mark, with gross revenue increasing by 6.3 percent, revenue per lawyer growing by 8 percent and partner profits and partner profits increasing by 8.5 percent. At the same time, the firm's total number of lawyers was down by 16, though the number of partners increased by seven.

The Am Law 100, the Early Numbers: Milbank Sees Spike in Revenue, Profits

Susan Beck : The Am Law Daily : February 25, 2015

For the second straight year, Milbank, Tweed, Hadley & McCloy produced significant growth in revenue and profits. Gross revenue in 2014 was up 7.8 percent, to $761 million, while revenue per lawyer rose 3.8 percent, to $1.24 million. Profits per partner increased 7 percent, to $2.745 million, on net income of $395 million, an increase of 12.4 percent.

On the Move

: New York Law Journal : February 17, 2015

Matthew Biben, former general counsel of consumer and community banking at JPMorgan Chase, has joined Debevoise & Plimpton; class action boutique Sanford Heisler is now named Sanford Heisler Kimpel to include partner Kate Kimpel; and more announcements.

An Early Look at The 2015 Am Law 100

: The American Lawyer : February 09, 2015

The Am Law Daily's early coverage of 2014 financial results of The Am Law 100/200 includes an examination into what's going on behind the numbers. This list will be updated as new results become available. Final rankings and full results for The Am Law 100 will be published in The American Lawyer's May 2015 issue and The Am Law Second Hundred will be published in the June issue.

Bird & Bird Expands Hong Kong Corporate Offering

Anna Zhang : The Asian Lawyer : February 06, 2015

Capital markets partner Wing On Chui joins from King & Wood Mallesons.

King & Wood Mallesons to Open in Singapore

Anna Zhang : The Asian Lawyer : February 03, 2015

The firm announced it plans to launch by early spring, after this week receiving a foreign law practice license from city-state regulators.