Milbank Launches Diversity Scholarship Program
Financial Assistance To Help Students Traditionally Underrepresented
In Large Law Firms
NEW YORK, NY, May 8, 2006 - Students who are members of groups traditionally underrepresented in large law firms still face challenges in gaining access to high-quality law school education and professional development opportunities. To help them overcome these obstacles, the international law firm Milbank, Tweed, Hadley & McCloy LLP is expanding its diversity initiatives by creating the Milbank Diversity Scholarship Program. Milbank is a pioneer in law firm workplace diversity having founded in 1984 Practicing Attorneys for Law Students (PALS), a program that provides mentoring and career guidance to law students of color.
The Diversity Scholarship Program will provide up to five students annually with salaried summer associate positions in one of the firm’s three domestic offices (New York, Los Angeles and Washington, DC) and a $15,000 scholarship for use during each student’s third year of law school.
Mel M. Immergut, Chairman of Milbank, stated, “The new scholarship program is an example of the depth of our commitment to diversity. We understand the need to enhance access to financial resources as well as to important summer associate job opportunities.”
Milbank, Tweed, Hadley & McCloy LLP is a distinguished global law firm that is recognized for its 140-year history of providing innovative legal solutions in many of the world’s largest, most complex, “first-ever” corporate transactions, including capital markets, corporate finance, project finance and acquisition finance. Milbank’s litigation practice, which is the largest department at the Firm, includes securities, intellectual property, white collar, SEC regulatory, international arbitration, patent, trademark, reinsurance and other commercial litigation matters. Milbank clients range from prominent multinational financial, industrial and commercial enterprises to governments, institutions and individuals. The Firm is headquartered in New York, with offices in Los Angeles, Washington, D.C., London, Frankfurt, Munich, Tokyo, Hong Kong and Singapore.