Milbank launches leveraged finance training programme

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Premier international law firm Milbank LLP has launched a new training pathway – leveraged finance (LevFin) track – for candidates with “a clear and committed interest in leveraged finance”.

The new pathway will run alongside the traditional training contract at the US firm’s London office. Successful trainees will spend 12 to 18 months in the firm’s LevFin team in London, followed by at least one additional seat in another practice area, with the goal of qualifying into the LevFin group.

Trainees on the LevFin track will have the same training and development opportunities as those on the firm’s traditional training programme, with the chance to work closely with lawyers in leveraged finance on “the most exciting financing matters in the world”.

Speaking to The Lawyer, a partner in Milbank’s global capital markets/leveraged finance group in London said: “We intend to give trainees a broad experience in finance, not only in leveraged finance but also in other adjacent practice areas so they can develop a strong foundation in finance at the end of their training contract. We are hopeful that those with an interest in finance will look to qualify into our leveraged finance group (which is the base case for anyone pursuing the LevFin training contract).”

The response to the new pathway has been “overwhelmingly positive”, with the firm seeing interest from more than 300 vacation scheme applicants so far.

Find out what the senior recruitment manager at Milbank, Vanessa Harvey, wants to see in your applications in this Meet the Recruiter. Plus, find out what a career in leveraged finance is like at the firm with this Practice Area Profile.