Milbank, Tweed, Hadley & McCloy Fund

Milbank, Tweed, Hadley & McCloy LLP’s evolution as a leading international financial services law firm parallels in many ways the economic development of the nation and the world for more than 140 years. Milbank’s roots can be traced back to 1866, with the inception of the original firm, Anderson, Adams & Young. Over the years, many successor firms were created through the addition of new partners and the retirement or death of others. The first merger took place in April 1929, when the then-successor firm, Murray & Aldrich, combined with Webb, Patterson & Hadley and became Murray, Aldrich & Webb. In 1931, the firm merged with Masten & Nichols to become Milbank, Tweed, Hope & Webb. The Firm’s present name dates from 1962.

 


 

Headquartered in the heart of New York City’s financial center, Milbank has been at the forefront of major financial legal trends since its founding in 1866. Some of America’s earliest and most influential entrepreneurs turned to Milbank for the legal innovations and strategies that empowered the economic development of the nation and the world. We helped create legal strategies for the developing railroads. Our Firm helped clients resolve the disputes arising over commodities shortages and bank loans in the wake of World War I. During the post-war recovery, clients turned to us to help finance U.S. and overseas corporate activity, deal with the bankruptcies, reorganizations and securities disputes surrounding the financial collapse of the 1920s, and resolve issues arising from the regulatory environment of the 1930s. After World War II, as the economy shifted to peacetime production, our Firm was called upon to apply its technical skill and imagination to new commercial and industrial developments and quickly became a leader in the growth and expansion of public utilities and a wide range of corporate activities.

As commercial and investment banks progressively drove the financing of American business, the corporate world needed new mechanisms to finance activity and protect against risk. Milbank created hedge funds and other investment vehicles for financial clients in the 1960s, 1970s and 1980s and capitalized on the growth of international business, finance, and technology transactions in the 1990s. Our reputation for innovative legal solutions in areas such as corporate finance, lease financing, mergers and acquisitions, major bankruptcies and workouts, sophisticated securitizations, and project and utility finance is world renowned.

Milbank’s evolution as a preeminent international financial services law firm also began early in our history. As counsel to foreign corporations with U.S. interests and U.S. corporations operating overseas, we forged international relationships that endure today. In 1925, for example, we worked on a proposed Japanese bond issue for the Toho Electric Power Company. Fifty-two years later, in 1977, we opened a Tokyo office, ten years before any other American law firm.

Today, Milbank has offices in the world’s most important financial centers, including London, Frankfurt, Munich, Tokyo, Singapore, Hong Kong, Beijing and São Paulo, in addition to our strategically positioned domestic offices in Los Angeles and Washington, D.C. Sophisticated technology is used to connect and integrate attorneys in the international and domestic offices with attorneys in the New York office, turning Milbank into one truly interactive global law firm.

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