Milbank Tweed Hadley & McCloy’s global PEP rose by almost 15 per cent, from £1.04m in 2005 to £1.18m 12 months later. Global turnover also rose by a little more than 16 per cent to £293.91m in 2006.
The London office saw an increase in turnover of around 9 per cent, with the office posting a turnover of £26.9m in 2006.
Milbank London managing partner Phil Fletcher said that, while the office’s
projects team had had a strong year, with an increased focus on Middle East and African projects work, the firm’s outsourcing and leveraged finance departments represented the most significant growth. Fletcher added that the IP litigation practice also continued to be “very steady”.