This firm appears in the Who's Who Legal 100 2013
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Established in New York in 1866, Milbank Tweed Hadley & McCloy now has 11 offices worldwide and a growing number of partners after a recent flood of lateral hires. In its early years the firm specialised in railways and oil, and to this day, remains one of the leading firms in project finance and energy, focusing on innovating industries such as space, technology and aviation. Milbank has recently celebrated 35 years of its practice in Asia, making it the US firm with the longest established presence in the region and, with a recent expansion into Brazil, it has a truly global footprint. Milbank garners 40 inclusions over 14 practice areas.
|MILBANK TWEED HADLEY & MCCLOY LLP|
|TOTAL LISTINGS IN WHO’S WHO LEGAL:40|
|Practice Area Breakdown|
|Arbitration||1||Insolvency & Restructuring||1|
|Aviation||5||Insurance & Reinsurance||1|
|Banking||4||M & A||2|
|Business Crime Defence||1||Patents||2|
|Commercial Litigation||1||Project Finance||15|
|Corporate Tax||2||Regulatory Communications||1|
Milbank has a strong presence in project finance with 15 lawyers listed from six offices. The firm is recognised as “leading” in the area, having closed more than 140 projects and raised more than $125 billion for worldwide infrastructure projects in the last three years. It is best known for its work in the alternative energy sector and recently represented lenders in financing for a $600 million acquisition by Brookfield Renewable Energy of a 378-MW hydroelectric portfolio. Leading this project was New York-based Jonathan Green, a “terrific” practitioner and co-head of the firm’s project finance group. He has extensive experience in international and domestic financings as well as PPP work in the energy, metals and transportation sectors. Green is also listed in our public procurement chapter. Also co-chair of the group, Eric Silverman represents high-profile clients in greenfield projects and transactions. He has specific expertise in the energy, telecommunications and transportation industries. The “talented” Daniel Bartfeld represents developers, multinationals and financial institutions in complex projects. He is “the one to call for work in Latin America”. Allan Marks, based in Los Angeles, is a “star” in the project finance field and “excels” in complex, international matters. He is also listed in our public procurement chapter. He is joined by Karen Wong, who is “outstanding at responding effectively to client’s needs” and has impressed our respondents with her “great business judgement and sophistication”. In DC, Glenn Gerstell is a “widely respected” lawyer who specialises in cross-border infrastructure development and telecommunications. As well as running a “superb” practice, Gerstell is also managing partner of the DC office, head of the firm’s global communication practice, head of Milbank’s tax account analysis and recovery services (TAARS) practice and coordinator of the firm’s India practice. Jonathan Maizel, head of the DC project finance group, is “highly knowledgeable about the technicalities of the energy sector” including oil and gas, nuclear and natural resources.
The firm also has an influential practice in London where four project finance lawyers are listed. Phillip Fletcher is the leader of the firm’s project finance group as well as chair of the firm’s European practices. He is our project finance lawyer of the year for the second consecutive time and has “almost unparalleled expertise” in multi-sourced financing. John Dewar is an “excellent” practitioner who “always puts his clients first”. He is a “leading expert” in financing and leads the firm’s Islamic finance practice. The “top-notch” Clive Ransome has a highly successful practice and has recently advised lenders such as Credit Suisse and Barclays on the $2.8bn financing of KazMunayGas’ equity interests in Kazakhstan. Gary Wigmore is head of Milbank’s project finance group in Asia. Based in Hong Kong and Tokyo, he has a “brilliant understanding of technical details” and represents lenders and borrowers in complex projects relating to oil and gas, mining, telecommunications and infrastructure. David Zemans, managing partner of the Singapore office, is “exceptionally client-oriented” and has a “tremendous understanding of the Asian markets”, having completed deals throughout the region.
The firm is also well respected for its work in aviation. Milbank recently acted for the underwriters in a $425 million EETC offering by Continental Airlines. It has also represented parties involved in the $1.1 billion expansion of the El Dorado international airport in Colombia. Drew Fine, based in New York, is a financing and transactional lawyer who specialises in the acquisition and disposition of large portfolios of aircrafts. The “first-rate” Elihu Robertson is a specialist in aircraft financing and has extended his practice to cover financings of aircraft engines and flight simulators. Helfried Schwarz is a “truly excellent” attorney who works on domestic and cross-border leveraged lease transactions of aircraft such as Airbus and Boeing. London-based James Cameron is a “world-class” transactional and financing lawyer who recently acted for SMBC on its $7.2 billion acquisition of RBS Aviation Capital, one of the largest M&A transactions in the aviation leasing sector. In Hong Kong, Young-Joon Kim has an “excellent” practice which covers aircraft and cross-border project financing.
Richard Gray is “one of the leading banking lawyers at the firm” and has over 30 years of experience working in banking transactions. He is joined in New York by Marc Hanrahan, who represents financial institutions in senior lending transactions. He is “exceptionally dedicated to his clients”, an approach that has brought him an enviable client list including Goldman Sachs Credit Partners, HSBC and the Royal Bank of Scotland. Outside the US, Rainer Magold “leads the field” in Frankfurt where he specialises in a variety of finance matters including acquisition finance, syndicated lending, transaction and corporate finance. In London, Suhrud Mehta works on high-profile leveraged finance and restructuring transactions.
Milbank’s Munich office is particularly prominent in M&A and we list two lawyers from this area, Peter Nussbaum and Norbert Rieger. Nussbaum provides “sophisticated and client-oriented advice” related to M&A and equity capital markets. Rieger is one of five members of the firm’s global executive committee. His “outstanding” transactional practice is based on over 20 years of experience in the field and covers public M&A, private equity and corporate reorganisations. Rieger is also listed in our corporate tax chapter, where he is joined by Rolf Füger, who receives praise for his “exceptional understanding of the complexities of the private equity sector”.
The firm has a growing competition law practice and we feature two lawyers in our competition chapter. Alexander Rinne is “an incredibly well-respected” practitioner who is experienced in both German and European competition law and is a “trusted adviser” to many in the regulated industries. In London, Nicholas Spearing has a broad competition practice and has worked for many high profile clients such as Walkers Snack Foods, PepsiCo and Live Nation.
Based in New York, Christopher Chalsen leads the firm’s intellectual property group and has a varied practice that includes acting before the US Customs Service and International Trade Commission. Chalsen is a “tough and effective litigator” and “always provides a first rate service to his clients”. He is listed in our patents chapter along with Errol Taylor, who leads the firm’s biopharma patent litigation practice. Taylor is an “authority” on areas such as generic drug approvals and the Hatch-Waxman Act.
We also feature Milbank lawyers in a further six practice areas, demonstrating its impressive spread of expertise.
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Nominees have been selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. Only specialists who have met independent international research criteria are listed.