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Milbank offices at 55 Hudson Yards, on the west side of Manhattan. Photo: David Handschuh/ALM Milbank offices at 55 Hudson Yards, on the west side of Manhattan. Photo: David Handschuh/ALM

Milbank’s profits and revenue soared double digits last year, riding off increased demand in restructuring, corporate and litigation practices.

The firm’s gross revenue rose 15.6% to $1.235 billion, while profits per equity partner shot up 16% to $4.492 million.

Restructuring and transactional practices—including capital markets, finance, private equity and mergers and acquisitions—were “big drivers of growth,” said chair Scott Edelman, but he added that all areas and regions saw high activity. “For us to have a 15.6% revenue growth, that’s not going to come from just one area,” he said.

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Christine Simmons

Christine Simmons writes about the New York legal community and the business of law. Email her at [email protected] and find her on Twitter @chlsimmons

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