Milbank's Big Bet, American Lawyer (May 2011)


The Wall Street firm of Milbank Tweed has stepped out of the pack to create a new lawyer development program called Milbank@Harvard. Although the program may look expensive to its peers, its business logic bears a striking similarity to the original Cravath system -- it simultaneously serves the needs of associates, partners, and clients. Milbank@Harvard reflects a different market place than the Wall Street of 100 years ago. If its business logic truly fits the times, just like the original Cravath system, Milbank@Harvard could set the new standard for training in the 21st century law firm.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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