Milbank rode 2021′s wave of high demand for transactional work to its second consecutive year of double-digit growth in revenue and profits.

Revenue at the New York-based firm hit $1.36 billion, up 10% from the previous year, while profits per equity partner climbed to just over $5 million, a 12% increase.

“This has been a really positive period for the firm, measured by any financial metrics, and we also feel that we’ve been able to grow, particularly on the private equity and M&A side, in a way that positions us well for the future,” said Milbank chair Scott Edelman.