Milbank, Tweed, Hadley & McCloy is gearing up for further growth in London by leasing extra office space, an extra 35% on top of its current City base.
Milbank has been expanding aggressively and has more than doubled the size of the London office in the past five years to almost 130 lawyers. The Manhattan firm switched from its traditionally conservative management style when Scott Edelman replaced Mel Immergut as chairman in 2013 after Immergut’s 17-year spell as leader.
The extra office space added to London is intended to provide room for an extra 50 lawyers.
Adding to its space on 10 Gresham Street, Milbank has signed a 10-year lease for two floors in a building just opposite at 125 Wood Street. The extra office space is intended to make room for an additional 50 lawyers.
London growth at Milbank has included several high-profile hires, including the recruitment of Linklaters’ energy co-head Matthew Hagopian and fellow project finance partner Manzer Ijaz, who were appointed in February.
In a statement, the firm said it anticipates continued growth over the coming years.
‘Recent expansion and practice development has forced Milbank to look for additional office space in the City. Over the last few years, Milbank has significantly invested in, and diversified the offerings of the London office by adding two significant counter-cyclical and leading practices – litigation and financial restructuring – and invested in its corporate team.’