Press Release

Milbank's Expanding European Practice Demands Larger Footprint

Milbank’s New Office Premises in London, Frankfurt and Munich Reflect Dramatic Growth of European Practice

LONDON, January 18, 2006 – The international law firm Milbank, Tweed, Hadley & McCloy LLP has grown its European practice over the past several years. Having opened its first European office in London 27 years ago and expanded to Frankfurt in 2001 and to Munich in 2004, Milbank’s presence in Europe has more than doubled in the last two years, with growing strengths in private equity, corporate, tax, capital markets, project finance, acquisition finance, outsourcing and litigation. As a result, the firm has committed to larger premises for each of its European offices.

In London, Milbank has signed a lease for approximately 30,000 square feet in a newly constructed building at Ten Gresham Street in the City. The new office is approximately 50 percent larger than the offices Milbank currently occupies at Dashwood House on Old Broad Street.

In Frankfurt, Milbank has signed a lease for approximately 11,000 square feet in the Main Building at Taunusanlage 15 in Frankfurt, a new multi-building complex scheduled for completion this spring. The new office is 40 percent larger than the suite the Firm currently occupies at Welle in Frankfurt.

In 2004, Milbank opened its 20,000 square foot Munich office in the Maximilianhof building on Maximilianstrasse. Milbank occupies the entire top floor of this new five story building.

Cushman & Wakefield Healy & Baker acted as Milbank’s agent in all three real estate transactions.

Milbank’s European managing partner Phillip Fletcher noted, “The significant office expansions have been driven by the strong growth of our European practices. We have grown our outstanding team of lawyers in London, Frankfurt and Munich in order to deliver integrated and commercially sophisticated legal advice on a broad range of transactions.”

With the recent promotions of Ulrike Friese as partner in Munich and James Warbey as partner in London, Milbank now has 21 partners and counsel and over 70 fee-earners in its three European offices. More than 80% of the Firm’s lawyers in Europe are either U.K. or German qualified.

Milbank in Europe
Recognized as Legal Week magazine’s “INTERNATIONAL LAW FIRM OF THE YEAR,” Milbank leverages the Firm’s global strengths in cross-border transactions to provide comprehensive advice on complex transactions. Milbank’s offices in Germany were awarded JUVE magazine’s “PRIVATE EQUITY LAW FIRM OF THE YEAR” and the Munich office was cited as “MUNICH’S LAW FIRM OF THE YEAR.” The lawyers in London, Frankfurt and Munich work closely together and with Milbank attorneys worldwide on transactions throughout Europe, the Middle East, Africa, the CIS and South Asia.

Milbank’s London office is renowned for its leadership in the development of innovative financing structures, and has been involved in some of the most complex acquisitions and private equity investments in Europe. It is also has strong expertise in outsourcing and business management transactions as well as IP litigation. The Frankfurt office is a leader in sophisticated acquisition finance and capital markets transactions. The Munich office is widely recognized for its expertise in public M&A and private equity, as well as corporate advisory and tax and financial structuring.

MILBANK, TWEED, HADLEY & MCCLOY LLP is a premier global law firm headquartered in New York, with offices in Washington, D.C., Los Angeles, Palo Alto, London, Frankfurt, Munich, Tokyo, Hong Kong and Singapore. Milbank is a recognized leader in capital markets, corporate finance, project finance, acquisition finance, and other major fields of legal practice. The Firm's practice includes cross-border mergers and acquisitions and global securities transactions as well as assisting multinational clients with their cross border investments. Milbank provides a full range of services to many of the world’s leading financial, industrial and commercial enterprises, as well as governments, institutions and individuals.