NQ Salary
~£175,000
TC Salary
£70,000 / £75,000 (year 1 / year 2)
Annual Intake
c.15–16 per year (London), traditional or leveraged finance track
Seats
4 seats
This profile is compiled from publicly available sources and may not reflect the latest changes. Always check Milbank's official careers page for current deadlines, application processes, and programme details.
Milbank's London lawyers advise on English and New York law, and the firm says independent studies show it has the highest concentration of Chambers rankings per lawyer of any London office of the leading US firms. Legal 500 places it in the top tier for acquisition finance and Islamic finance.
The training contract
Generated by Folio · folioapp.co.uk · 14 September 2026
Folio is independent and not affiliated with any firm listed. Salary and deadline information is approximate. Always verify with the firm's official graduate recruitment page.
A leveraged finance track spends 12 to 18 months in the leveraged finance team before at least one other seat, with the aim of qualifying into that group.
Spring Vacation Scheme 2027, Leveraged Finance track (22 March to 2 April or 5 to 16 April)
3 Sept 2026 – 11 Dec 2026
Opens 3 September · Closes 11 December
Spring Vacation Scheme 2027, Traditional track (22 March to 2 April or 5 to 16 April)
3 Sept 2026 – 11 Dec 2026
Opens 3 September · Closes 11 December
Training Contract (via vacation scheme only)
3 Sept 2026 – 11 Dec 2026
Recruited from the spring vacation schemes, whose window this is · Every attendee is considered
Open Day, Leveraged Finance track (21 October 2026)
3 Sept 2026 – 1 Oct 2026
Opens 3 September · Closes 1 October · For students on a finance LLM
Open Day (22 October 2026)
3 Sept 2026 – 1 Oct 2026
Opens 3 September · Closes 1 October
Assessment processes change annually. Always check the firm's website for current details.
Deals and announcements in the firm's own words. Naming a recent matter is the fastest way to show you have paid attention.
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Practice questions built around Milbank's actual assessment stages, with “Why this firm?” evidence traced to verified facts.
Sign up free →Vacation Scheme / Training Contract
Method
“The firm's London brochure shows five steps: application form, an online assessment it does not describe, an assessment centre with a written exercise, a presentation and a partner interview, the spring vacation scheme, then the training contract offer. Applicants report the online assessment as a Watson Glaser-style critical reasoning test on Shortlist.me. Applications use Rare's contextual recruitment system.”
Tests
Independent Resource
Folio is an independent student project and is not affiliated with, endorsed by, or officially connected to Milbank. All information is compiled from publicly available sources and may not reflect the most current data. Salary and deadline figures are approximate, based on prior recruitment cycles. Always check the firm's official graduate recruitment page for confirmed details.