Milbank Sees 16% Spike in Revenue and Profits
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 M&A-were "big drivers of growth," said chair Scott Edelman, but he added that all areas and regions saw high activity. "F...