Milbank, Tweed, Hadley & McCloy, one of New York's oldest and most elite law firms, is now simply Milbank LLP.

The name change became legally effective Tuesday, on the same day the firm moved from downtown to its new office at 55 Hudson Yards. The firm had been downtown since its founding about 150 years ago. Milbank's shortened name is visible throughout its new offices.

“We are not a Wall Street firm,” said Scott Edelman, the firm's chairman, in an interview Thursday. “We are so much more than that.”