Milbank
London·New York
Leveraged finance·Capital markets·Restructuring
Milbank's leveraged finance trainees spend 12-18 months embedded in one team (far longer than a standard six-month seat) building toward qualifying directly as a leveraged finance associate.
Why this firm
An unusually long single-seat immersion in finance
The only London firm offering a dedicated leveraged finance training pathway, launched in 2025, running 12-18 months in one team before a second seat
Ranked #4 globally as legal adviser to lenders on syndicated loans by value in 2025 (Bloomberg), having advised lead lenders on the year's largest leveraged loan, the $8.6bn Medline refinancing
A genuine capital markets and restructuring bench sits alongside the leveraged finance specialism
What this firm looks for
Drawn from Milbank's own recruitment materials
Based on the firm's published recruitment materials, graduate recruitment commentary and stated values.
A genuine, specific reason for choosing Milbank
Chambers Associate's True Picture reports that Milbank's recruiters don't expect candidates to know everything at interview stage, but says candidates with a compelling, specific basis for choosing Milbank over other firms are the ones who consistently stand out.
Genuine, non-AI-generated answers
The official London careers FAQ explicitly instructs applicants not to use AI-generated content and to share their genuine thoughts in their own words.
Motivation over credential-stacking
The firm states it does not view postgraduate qualifications (LLMs, extra degrees) as a strategic advantage in applications, prioritising instead what unique experiences and perspectives a candidate would bring.
Past applications
Real material for Milbank
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Written Application Answer
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