Milbank Takes Home Two 'Awards for Excellence' at Annual Chambers and Partners Gala
Global Project Finance Team and Partner James N. Benedict Receive Accolades
NEW YORK, June 16, 2009 – International law firm Milbank, Tweed, Hadley & McCloy LLP won two awards at the "Chambers USA Awards for Excellence" gala ceremony in New York on June 11. One award went to Milbank's project finance lawyers for their achievements in "Energy Projects: Power including Renewables." Partner James N. Benedict won the individual's "Award for Excellence" in "Litigation: Securities."
The annual awards, presented by Chambers and Partners, "honor outstanding lawyers and law firms across the USA, reflecting both pre-eminence in key practice areas, and achievements over the last 12 months," according to the UK-based publisher of law firm directories. Chambers is widely viewed as the world's leading authority on lawyer and law firm rankings.
Mr. Benedict, who serves as chairman of the Firm's Litigation Department and head of its Securities Litigation Practice Group, was chosen for the "Securities: Litigation" award out of six nominated attorneys.
He "is regarded as a standout practitioner in the securities class action defense arena," Chambers said.
Mr. Benedict specializes in the defense of major securities actions on behalf of issuers, underwriters, investment advisers, and corporate officers and directors in state and federal courts throughout the nation. He has been lead counsel for clients in some of the largest securities class actions in the nation. These include In re Initial Public Offering Securities Litigation (S.D.N.Y.), In re Enron Corporation Securities, Derivatives and ERISA Litigation (S.D. Tex.), and In re Mutual Funds Investment Litigation (D. Md.). His current work spans issues relating to subprime mortgages, IPOs, auction-rate securities, CDOs, prospectus disclosures, and mutual fund management fees.
Milbank's project finance team was recognized by Chambers as the recipient of the "Energy Projects" award for the third time in the past four years. Milbank is home to one of the world’s pre-eminent project finance law practices. The Firm's 100-plus project finance lawyers have pioneered the application of limited recourse project finance techniques internationally for more than 25 years. Over the past three years alone, Milbank closed more than 140 project financings worldwide which raised more than $125 billion for energy and power, natural resources, space/satellites and infrastructure projects.
"Milbank excels in the power and renewables arena," Chambers said.
In addition to being nominated for the "Energy Projects" and "Securities: Litigation" awards at the gala, Milbank was also shortlisted for "Bankruptcy," "Energy Projects: Oil & Gas," and "Latin American Investment" "team awards."
About Milbank
Milbank, Tweed, Hadley & McCloy LLP is a pre-eminent global law firm that for more than 140 years has provided innovative legal solutions in many of the world’s largest, most complex, “first-ever” corporate transactions and litigation. Our transactional expertise includes capital markets, corporate finance, project finance, acquisition finance, and other major fields of law practice. Milbank litigation teams resolve disputes involving mergers and acquisitions, proxy battles, financings and securities offerings, intellectual property, white collar crime, and corporate restructurings, among others. Our 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 Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, Singapore, Tokyo, and Washington, DC.