IFLR 1000
The Guide to the World's Leading Financial Law Firms

Milbank Tweed Hadley & McCloy

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United States

Bank lending

Financial services regulatory

Project finance

Milbank Tweed Hadley & McCloy

Milbank is active in more areas of project finance than most other law firms in the world, and the deals in only one division of Milbank's practice – oil and gas, for example – eclipse deals in all categories at many of its competitors. It stands out as a practice whose co-heads, Eric Silverman and Jonathan Green, are as actively involved in major deals as any lawyers in the field.... [more]

Leading lawyers
Daniel Bartfeld
William Bice
Edward Kayukov
Jonathan Maizel
Allan Marks
Karen Wong

Restructuring and insolvency

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Milbank Tweed Hadley & McCloy

Milbank's financial restructuring department continues to justify its reputation as one of the strongest creditor-based restructuring practices in the global legal market. It has represented committees of unsecured creditors and note-holders in some of the highest-stakes restructurings of troubled companies over the past year, from Kodak and Lehman Brothers to mid-level banks.... [more]

Leading lawyers
Paul Aronzon
Dennis Dunne
Tyson Lomazow
Matthew Barr
Abhilash Raval

Capital markets debt and equity/high-yield

Capital markets – debt and equity

Capital markets – high-yield debt

Milbank Tweed Hadley & McCloy

Milbank moves onto our capital markets high-yield rankings this year thanks partly to the addition of partner Rod Miller, former co-head of Weil's capital markets practice, in September 2011, and the exemplary work Miller had accomplished in the short time he has been with the firm. But high-yield is not the whole story; under department head Marcelo Mottesi, Milbank's equity and debt teams have done consistently impressive work for a wide range of issuers and underwriters.... [more]

Leading lawyers
James Ball Jr
Rod Miller
Robert Mullen Jr
Douglas Tanner

Capital markets structured finance/derivatives

Capital markets – structured finance and securitisation


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One Chase Manhattan Plaza
New York, NY 10005-1413
US

Tel: +1 212 530 5000
Fax:
+1 212 530 5219
Web:
www.milbank.com

Chairman: Mel M. Immergut

Other US offices:
Los Angeles

601 South Figueroa Street,
30th Floor
Los Angeles, CA 90017-5735

Tel: +1-213-892-4000
Fax:
+1-213-629-5063

Contact partner: Kenneth Baronsky
Email:
KBaronsky@milbank.com

Washington DC
1850 K Street, NW
Suite 1100
Washington, DC 20006

Tel: +1-202-835-7500
Fax:
+1-202-263-7586

Contact partner: Glenn S. Gerstell
Email:
Gerstell@milbank.com

Other offices:
Beijing, Frankfurt, Hong Kong, London, Munich, São Paulo, Singapore, Tokyo

Firm profile:

Milbank, Tweed, Hadley & McCloy LLP is a pre-eminent global law firm that for more than 140 years has provided innovative legal solutions in many of the world's largest, most complex, "first-ever" corporate transactions and litigation. The firm's clients range from prominent multinational financial, industrial and commercial enterprises to governments, institutions and individuals.

Areas of practice:

Corporate: Milbank handles negotiated and hostile transactions, including mergers and consolidations, stock and asset acquisitions and dispositions, strategic alliances, joint ventures, proxy contests and tender offers, leveraged and management buyouts, restructurings and bankruptcy reorganisations, and other complex, cutting-edge transactions. Milbank's corporate attorneys also advise clients on corporate governance and executive compensation matters.

Executive Compensation & Employee Benefits: Milbank's broad Executive Compensation and Employee Benefits practice includes advice on matters in connection with corporate transactions and financial restructurings. Milbank advises clients in the design and implementation of compensation and benefits programs and has significant expertise in the fiduciary responsibility rules relating to pension plan investments.

Finance: Milbank represents banks and other institutional investors in a wide array of large-ticket financing transactions, covering acquisition finance, leveraged buyout finance, debt restructurings and workouts, trade finance, cross-border financing transactions, debt arbitrage and equity investments by financial institutions.

Financial Restructuring: Milbank handles some of the most prominent and complex bankruptcy, distressed and reorganization matters in the US and abroad, representing a wide range of clients, including companies in need of financial restructuring, official and ad hoc committees of creditors, leading financial institutions and hedge funds, lenders, equity security holders, acquirers, trustees and receivers.

Intellectual Property: Milbank provides comprehensive and sophisticated IP services to the world's leading businesses, including complex, multiparty litigation; difficult prosecution of patent trademark and copyright applications; and multimillion dollar core technology and trademark licenses.

Leveraged Finance: Milbank represents underwriters, lenders, private equity sponsors, strategic investors, issuers and borrowers on a broad array of financings, including first-and second-lien loans, bridge loans, secured and unsecured high-yield bonds and mezzanine financing; leveraged buyouts, other acquisition financings, leveraged recapitalizations and going-private transactions; working capital and letter-of-credit facilities; financings for investment-grade and sub-investment-grade borrowers; debtor-in-possession financings and exit financings; restructurings; vendor financings; structured financings; and asset-based lending and securitization.

Litigation & Arbitration: Milbank's litigators serve as lead counsel in some of the largest, most significant and highest profile disputes in the world. They represent clients in cases ranging from multi-jurisdiction securities litigations to white-collar/regulatory investigations to complex disputes involving intellectual property, insurance, mergers & acquisitions, antitrust, and other commercial litigation. Attorneys in this group try cases in federal and state courts throughout the US, and before domestic and international arbitral tribunals in many different kinds of matters, including cases involving federal securities laws, patent infringement, corporate control contests, accounting fraud, and financial restructuring.

Mutual Fund Litigation: Milbank has unrivaled experience in mutual fund class action and derivative litigation. The firm has handled and tried more 1940 Act cases than any law firm in the country, including most of the seminal cases.

Private Equity: Milbank represents participants in all aspects of private equity investing. The firm's lawyers assist in structuring, negotiating, executing and financing private equity transactions, including leveraged and management buyouts, "going-private" transactions, recapitalizations and exit transactions.

Project Finance: Home to one of the world's pre-eminent project finance law practices, Milbank's lawyers have pioneered the application of limited recourse project finance techniques internationally for more than 25 years. Over the past three years, Milbank closed more than 140 project financings worldwide which raised more than $125 billion for energy and power, natural resources, space/satellites and infrastructure projects worldwide.

Real Estate: Milbank has a longstanding tradition in the field of real estate finance and development. The firm's attorneys have played important roles in an array of complex and creative financings and have been involved with the debt restructuring of numerous high-profile real estate developers.

Securities: Milbank represents sellers, purchasers and financial intermediaries in capital markets transactions including international debt and equity offerings; derivatives and synthetic products; public utility financings; banks and other financial institution financings; project financing in the capital markets; and domestic and foreign government financings.

Securitisation & Structured Finance: Milbank's Alternative Investments Practice is an international leader in creating and applying innovative structured finance and securitisation techniques to meet the capital needs of issuers in the US, the EEC and emerging international markets. This group represents issuers, sponsors, underwriters, structuring advisors, collateral managers, credit enhancers and investors in structured finance and securitisation transactions throughout the world.

Technology: Milbank is recognized for exceptional expertise and deep industry knowledge in a wide variety of high technology industries, including computers, electronics, semiconductors, aerospace, telecommunications, software, infrastructure and interfaces. The firm is the worldwide leader in information technology and business process outsourcing transactions, having represented clients, since 1986, in more than 400 transactions in over 90 countries and with a combined deal value well in excess of $100 billion.

Tax: The firm's tax lawyers create and implement innovative acquisition and financing arrangements and advise corporations and senior management on executive compensation and employee benefits issues. We have been involved in development and implementation of virtually all of the now well-known financial products of the last two decades, including hybrid debt instruments, mandatorily convertible debt, debt/forward contract investment units, contingent and integrated convertible debt, equity collars and prepaid forward contracts, credit derivatives and structured notes.

Transportation and Space: Milbank is recognised worldwide as one of the premier providers of legal services to the transportation and space industry. The firm's transactions are routinely singled out for originality and prominence. We counsel satellite companies, aerospace manufacturers and service providers, financial institutions and investors in structuring and implementing space projects around the world.

Trusts, Estates and Exempt Organizations: Drawing on worldwide expertise and resources, Milbank's Trusts & Estates practice area represents both individuals and financial institutions with regard to their wealth planning, administration, litigation, and other needs. The Exempt Organizations practice area represents a wide variety of charitable institutions, including public charities, private foundations, charitable trusts, and company foundations.

Languages spoken:

Afrikaans, Arabic, Armenian, Bahasa (Indonesian), Chinese (Cantonese), Chinese (Mandarin), Danish, Dutch, English, Farsi (Persian), French, German, Greek, Gujarati, Hebrew, Hindi, Italian, Japanese, Kiswahili, Korean, Laotian, Latin, Luganda, Macedonian, Norwegian, Polish, Portuguese, Romanian, Russian, Shanghainese, Sindi, Spanish, Swahili, Swedish, Tagalog (Philippines), Taiwanese, Toyshanese, Ukrainian, Urdu (Pakistan), Vietnamese, Yoruba

LMG/IFLR Awards

A comprehensive list, all Milbank offices, since 2007:

  • Americas Equity Deal of the Year 2011: BofA preferred share sale of Itaú Unibanco (IFLR)
  • Asian Project finance Deal of the Year 2011: GNPower Mariveles Project (IFLR)
  • 2011 India - M&A- Bharti
  • 2011 Asia - PF- Jurong Aromatics
  • Asian M&A Deal of the Year 2010: Bukit Makmur Mandiri Utama (BUMA) Takeover and Financing, (IFLR)
  • Deals of the Year: Port of Miami Tunnel Project (USA); Fowler Ridge Wind Project (USA); Esperanza Mining Project (Chile); Manzanillo LNG Project (Mexico); Al Dur IWPP (Bahrain) and Inner Mongolian Wind Project (Mongolia), 2010 (Euromoney's Project Finance)
  • 2009 Overall Deal of the Year: Emirates issues $413 Ex-Im bond, 2010 (Airfinance Journal)
  • 2009 Project Finance Deal/Firm of the Year – IFLR Asia Awards
  • 2009 Most Innovative US Law Firm – IFLR Asia Awards
  • Equity Team of the Year 2008 (IFLR Americas Awards)
  • Equity Deal of the Year 2008: Bolsa Mexicana de Valores IPO (IFLR Americas Awards)
  • Most Innovative US Law Firm, 2008 (IFLR Asia Awards)
  • Project Finance Deal of the Year 2008: Tanjung Jati B Expansion (IFLR Asia Awards)
  • Restructuring of the Year 2008: Cheyne Finance (IFLR Europe Awards)
  • Project Finance Deal of the Year 2007: Babcock & Brown (IFLR Europe Awards)
  • Asia-Pacific Telecoms Deal of the Year 2008: Protelindo (Project Finance)
  • Latin American Renewables Deal of the Year 2008: Itiquira (Project Finance)
  • North American Renewables Deal of the Year 2008: Noble Environmental Power (Project Finance)
  • Latin American Export Finance Deal of the Year 2008: Peru LNG (Project Finance)
  • European Acquisition Deal of the Year 2008: Angel Trains (Project Finance)
  • Middle East Oil & Gas Deal of the Year 2008: Yemen LNG (Project Finance)
  • Overall Deal of the Year 2007: Continental Airlines EETC (Airfinance Journal)
  • Most Innovative Deal of the Year 2007: Airspeed Securitization (Airfinance Journal)
  • Asia Pacific Deal of the Year 2007: Macquarie Acquisition of GATX Air (Airfinance Journal)
  • North America Petrochemical Deal of the Year 2007: Abengoa Bioenergy Project (Project Finance)
  • Africa Mining Deal of the Year 2007: Ambatovy Mines Project (Project Finance)
  • Asia Renewables Portfolio Deal of the Year 2007: Babcock & Brown Global Wind (Project Finance)
  • Global Power Deal of the Year 2007: Barka2/Rusail (Project Finance)
  • North America Portfolio Power Deal of the Year 2007: EIF Calypso (Project Finance)
  • North America Project Bond Deal of the Year 2007: Lea Power Partners (Project Finance)
  • Middle East IWPP Deal of the Year 2007: Marafiq IWPP (Project Finance)
  • Latin America Oil & Gas Deal of the Year 2007: Schahin Drilling (Project Finance)
  • North America Infrastructure Deal of the Year 2007: Trans Bay Cable (Project Finance)