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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: 571
  • Gross Revenues: $665,000,000
  • Revenue Per Lawyer: $1,165,000
  • Profits Per Partner: $2,445,000
  • Year Over Year Change: -1

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 43 -1 Gross revenue
Am Law 200 43 -1 Gross revenue
NLJ 250 69 -1 Lawyer head count
The A-List 5 2 Overall excellence
Pro Bono Scorecard 6 17 Pro-bono commitment
Diversity Scorecard 16 -3 Minority head count
Midlevel Associates Survey 68 25 Job satisfaction
Summer Associates Survey 16 -4 Summer programs

In the News

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.

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.

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

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.

Weil Tunes In for SiriusXM on Liberty Takeover Bid

Brian Baxter : The Am Law Daily : January 24, 2014

SiriusXM Radio has retained Weil, Gotshal & Manges to advise on a $10 billion takeover bid announced earlier this month by cable giant John Malone's Liberty Media Corp. The hire is the latest large media-related M&A engagement for Weil.

Personal Notes on Lawyers

: New York Law Journal : January 23, 2014

Eleven firms announce promotions and additions.

The Churn: Chadbourne Adds 'Deep Throat' Lawyer, Plus More Lateral Moves

Tom Huddleston Jr. : The Am Law Daily : January 14, 2014

A former Manatt Phelps partner in Washington, D.C., with ties to Watergate figures joins Chadbourne; Hinshaw & Culbertson makes a group hire from an IP boutique in Chicago; and Orrick lands two Bingham entertainment trial lawyers in Los Angeles.

Daniel Novela Works $90 Million Financing Deal For Legacy Cos.

Julie Kay : Daily Business Review : January 07, 2014

Novela's client for 12 years, the Legacy Cos., is an international manufacturer and distributor of commercial-grade kitchen and restaurant equipment to more than 120 countries.

SEC Enforcer Canellos to Step Down

Jenna Greene : Legal Times : January 03, 2014

George Canellos will step down as co-head of the Enforcement Division at the Securities and Exchange Commission later this month.

Cleary Partner Heads to Hong Kong Securities Regulator

Tom Brennan : The Asian Lawyer : January 02, 2014

Megan Tang is joining the Hong Kong Securities & Futures Commission as a director in its corporate finance division.

Deals & Suits

: Corporate Counsel : January 01, 2014

Rethinking the Law Firm/Law School Relationship

Aric Press : The American Lawyer : January 01, 2014

What the profession can learn from a model program that pairs students and firms to help Iraqi refugees.

A Recovery for European M&A?

Chris Johnson : The American Lawyer : January 27, 2013

In 2013, European dealmaking showed its first signs of health in five years.

Court Cuts Winston & Strawn Fee Request in Pro Bono Matter

Christine Simmons : New York Law Journal : January 26, 2013

Winston & Strawn's nearly $20,000 fee request in a pro bono case where New York City was sanctioned for discovery delays was chopped to $3,600 when a Southern District magistrate judge found the firm provided few details about the attorneys' experience and billed for too many attorneys and hours.

MOVERS

: The National Law Journal : January 23, 2013

Barbara de Marigny joins the tax practice of McGuireWoods as partner in the Houston office. Plus more law firm movers in this week's column.

Asia Deal Digest: December 19, 2013

Quiteria Leung : The Asian Lawyer : January 19, 2013

*Minter Ellison leads $1.7 billion Australian insurance deal *Sidley Austin acts on China State Shipbuilding Corp.'s $800 million bond issue*Milbank advises Genting Group on $730 million project financing in Indonesia

Season's Joy

Jack McCoy : New York Law Journal : January 18, 2013

For the 31st year, The Legal Aid Society has sponsored a holiday party for homeless and other vulnerable children and their families; 500 attended the event on Dec. 12 in Synod Hall on the grounds of the Cathedral of St. John the Divine.

Bankruptcy Filing Evidence Prejudicial in Merger Case

Jeff Mordock : Delaware Business Court Insider : January 18, 2013

The Delaware Court of Chancery has refused to reopen the record in a lawsuit filed by shareholders of ambulance service provider Rural/Metro Corp. alleging that company's financial adviser, RBC Capital Markets LLC, aided and abetted Rural/Metro's board members' breach of fiduciary duty in the company's $438 million sale to Warburg Pincus LLC in 2011. Rural/Metro's shareholders sought to include a 2013 declaration by the company's new chief financial officer in a suggestion of bankruptcy filing that the company could not accurately forecast revenue, but the court said permitting the evidence would be prejudicial to the defendants.

Kaye Scholer Says that Decision Vindicates its Conduct in Bankruptcy

Julie Triedman : The Litigation Daily : January 18, 2013

THE 126-page decision in the GSC Group Inc. Chapter 11 paints a disturbing picture of missteps and failures by firms advising GSC and by the asset management company's largest creditor.

The Churn: Brown Rudnick Takes Paris, Plus More Lateral Moves

Hillary Flynn : The Am Law Daily : January 17, 2013

Brown Rudnick opens a Paris office and brings on California's state treasurer to work part-time; BuckleySandler hires a lawyer from Weil, Gotshal & Manges; and Debevoise & Plimpton poaches the cohead of Herbert Smith Freehill's Seoul office.

Does Your Social Media Policy 'Read Like the Patriot Act'

Angela Hunt : Law Technology News : January 16, 2013

Law firm social media policies should be specific, but those that border on the overbearing can do more harm than good.

General Counsel Gear Up to Follow Volcker Rule

Sue Reisinger : The National Law Journal : January 16, 2013

General counsel at U.S. financial institutions last week began the arduous task of figuring out how to comply with the Volcker Rule — a complex, 978-page rule that imposes new regulatory tasks on companies.

Fees Slashed, Kaye Scholer Claims Redemption in GSC Ruling

Julie Triedman : The Am Law Daily : January 16, 2013

Former GSC adviser Kaye Scholer says a ruling vindicates its conduct in the GSC Group Chapter 11, but the judge warned that "big firm-itis" contributed to carelessness in the case.

Amid Deal Doldrums, Energy M&A Still Flows to Some Firms

Brian Baxter : The Am Law Daily : January 12, 2013

Though the volume of energy-related M&A transactions has dipped to a nine-year low, Herbert Smith Freehills, Norton Rose Fulbright, Vinson & Elkins and White & Case are closing out 2013 by grabbing leading roles on a spate of big deals tied to the industry.

Getting GCs Up to Speed on the Volcker Rule

Sue Reisinger : Corporate Counsel : January 12, 2013

General counsel at U.S. financial institutions this week began the arduous task of figuring out how to comply with the Volcker Rule, a complex rule that imposes new regulatory tasks on companies.

Greenberg Laterals Help Firm Snag Big M&A Roles

Brian Baxter : The Am Law Daily : January 10, 2013

Thanks in part to three high-profile lateral partners hired in recent years—Paul Maher and Stephen Horvath III in London and Lejb Fogelman in Warsaw—Greenberg Traurig has grabbed lead roles on French financial services giant BNP Paribas' $1.4 billion sale of its Polish banking business and Swedish trucking giant Volvo AB's $1.1 billion sale of its machine rental unit.

Big Suits

: The American Lawyer : January 01, 2013

Lawrence E. Jaffe Pension Plan v. Household International In re Tobacco Cases II SEC v. Cuban Activision v. Hayes

On the Move

: The Recorder : January 25, 2013

A weekly report of lawyer moves and law firm changes. Keep abreast of where movers and shakers are going and what they're doing.

Google Turns to Milbank in Renewable Power Deal

Chelsea Allison : The Recorder : January 20, 2013

A Southeast Asian Hedge?

Tom Brennan : The Asian Lawyer : January 18, 2013

High growth in places like Malaysia and the Philippines continues to draw the attention of international firms. But can a practice focused on such markets really make up for slower growth in China and beyond?

The Score: DLA Piper Takes Lead on New Braves Stadium

Brian Baxter : The Am Law Daily : January 15, 2013

Major League Baseball's Atlanta Braves stunned many this week by announcing that the team will leave its downtown home in 2017 for a new $672 million stadium in suburban Cobb County. Elsewhere in our latest look at sports and the law: Gordon & Rees, Norton Rose Fulbright, Paul Weiss, and Womble Carlyle wade into an NFL bullying case; Alex Rodriguez adds to his robust legal team; and an ex-Milbank associate seeks to make running with the bulls a U.S. sport.

Working Mother Is 'Leper' No More

Vivia Chen : The National Law Journal : January 11, 2013

A talk with Michelle Mumford, who quit Milbank's litigation department in 2003, saying that being a pregnant associate there was akin to being "a leper in the public square — ignored, shunned, rejected."

How the Magic Circle Lost the Battle for New York

Chris Johnson : The American Lawyer : January 05, 2013

Despite decades of effort and millions of dollars spent, the U.K.'s Magic Circle firms still haven't made a dent in the New York market.

The Careerist: Ex-Milbank Lawyer Is Now Law School Dean

Vivia Chen : The Am Law Daily : January 04, 2013

The associate that railed against Milbank Tweed's treatment of women is back. Michelle Mumford talks about working after six kids, being a Mormon feminist, and who should go to BYU Law School.

Milbank's Bête Noire Is Now Law School Dean

Vivia Chen : The Careerist : January 04, 2013

The Churn: Lateral Moves in The Am Law 200

Hillary Flynn : The Am Law Daily : January 01, 2013

GrayRobinson merges with trial firm Hirschhorn & Bieber; the former managing partner of Milbank, Tweed, Hadley & McCloy's Asia practice joins investment bank Moelis & Co.; and Cozen O'Connor launches an international arbitration practice..

Asia Deal Digest: October 31, 2013

Quiteria Leung : The Asian Lawyer : January 31, 2013

* Rajah & Tann on a $1.1 billion bid for a Chinese food company* Morgan Lewis helps a Texas oil company make a Malaysian exit* Squire Sanders and White & Case line up for U.S. cloud computing acquisitions by Japan's NTT

How the Magic Circle Lost the Battle for New York

Chris Johnson : The American Lawyer : January 31, 2013

Despite decades of effort and millions of dollars spent, the U.K.'s Magic Circle firms still haven't made a dent in the New York market.

Former Milbank Asia Head Joins Boutique Investment Bank

Anna Zhang : The Asian Lawyer : January 30, 2013

Anthony Root is now a senior advisor in the Hong Kong office of Moelis & Co.

A&O Asia Capital Markets Head Moving to Milbank

Anna Zhang : The Asian Lawyer : January 30, 2013

James Grandolfo has emerged as a leading advisor on deals originating from India and Southeast Asia in particular.

Editor's Note: Our Story Is Our Readers' Story

: New York Law Journal : January 30, 2013

It's Niro v. Milbank in Apple Patent Trial

Jan Wolfe : The Litigation Daily : January 29, 2013

Am Law Firms Cut into $1.1 Billion Timber Deal

Tom Huddleston Jr. : The Am Law Daily : January 29, 2013

Plum Creek Timber Company has agreed to acquire all of packaging company MeadWestvaco's U.S. timberlands, and will also invest in the latter's South Carolina rural development properties. Wachtell and Nelson Mullins are advising Richmond-based MeadWestvaco on the transaction.

Marketplace

Monica Paquette : New York Law Journal : January 23, 2013

In a major downtown acquisition, Fosun International Limited has signed an agreement of sale and purchase with JPMorgan Chase & Co. to acquire One Chase Manhattan Plaza for $725 million. Also, marking one of the largest lease renewals in lower Manhattan this year, Hughes Hubbard & Reed has decided to stay at One Battery Park Plaza.

Negotiating $50M loan for Weston-based company included guarantee from Ex-Im Bank

Julie Kay : Daily Business Review : January 22, 2013

Daniel Novela represented Montachem International in negotiating a $50 million credit facility with PNC Bank to help Montachem expand its domestic and international sales.

DLA, Proskauer Handle JPMorgan's $725 Million Skyscraper Sale

Brian Baxter : The Am Law Daily : January 21, 2013

JPMorgan Chase, which is on the verge of reaching a $13 billion mortgage settlement with the Justice Department, has agreed to sell its 60-story office tower at One Chase Manhattan Plaza in downtown New York to China's Fosun International for $725 million. Proskauer Rose is advising JPMorgan on the deal, while DLA Piper is taking the lead for Fosun—the firm's second major real estate deal for a Chinese buyer in recent weeks.