Milbank LLP vs. Covington & Burling LLP

Side-by-side on the metrics that actually drive the student's call. Sources: Vault 2027, AmLaw 200 FY2025, and reported Chambers records from the years shown.

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Milbank LLP

Est. 1866

Milbank LLP is a 1,000-plus-attorney firm, Vault #9 / AmLaw #28. Jurisdiction-specific Chambers rankings include Band 1 in Banking & Finance, Bankruptcy/Restructuring, and Capital Markets: Securitization: CLOs. Operates from 11 offices worldwide.

Covington & Burling LLP

Est. 1919 · Washington

Covington & Burling LLP is a 1,000-plus-attorney firm, Vault #12 / AmLaw #30, founded in Washington, DC. Jurisdiction-specific Chambers rankings include Band 1 in Corporate Crime & Investigations, Corporate/M&A: Deals in Asia, and False Claims Act.

Rankings & prestige

Vault rank: #9
AmLaw rank: #28
Reported Chambers Band 1 records: 11 records

Vault rank: #12
AmLaw rank: #30
Reported Chambers Band 1 records: 24 records

Compensation

First-year comp: $235,000+
Profits per partner: $7.62M
Firm revenue: $2.14B
Revenue per lawyer: $2.09M

First-year comp: $225,000
Profits per partner: $3.25M
Firm revenue: $2.06B
Revenue per lawyer: $1.57M

Work & scale

Billable target: -
Partnership track: -
US associates per partner: -
Firm size (rounded to 50): ~1,050
Offices: 11

Billable target: -
Partnership track: 8 years
US associates per partner: 2.5:1
Firm size (rounded to 50): ~1,300
Offices: 14

Summer program

Offer rate: -
Class size: -
How associates get work: -
Specific practice area: Yes

Offer rate: -
Class size: 118 (year not confirmed)
How associates get work: -
Specific practice area: No

Chambers by practice, market and year

Shared results are listed once. Green marks only a lower reported Chambers band for the same exact practice, market and year. Records with a missing year or market are not compared. Historical records are retained; individual ranking verification status is not available.

Shared rankings

Litigation: White-Collar Crime & Government Investigations · New York · 2026Band 2 · The Elite

Corporate/M&A · New York · 2026Band 2 · Highly Regarded

Rank differences

Corporate Crime & InvestigationsNationwide · 2026

Band 5 · Elite

Band 1 · Elite

AntitrustDistrict of Columbia · 2026

Band 4

Band 2

Securities: Regulation: EnforcementNationwide · 2026

Band 2

Band 4

AntitrustNationwide · 2026

Band 4

Band 3

Litigation: General CommercialNationwide · 2026

Band 2 · Highly Regarded

Band 3 · Elite

Tax: Corporate & FinanceNationwide · 2026

Band 3

Band 4

Firm-only and additional rankings remain available on each firm profile so missing coverage is not mistaken for a head-to-head loss.

Data sources: Vault 2027, AmLaw 200 FY2025, and reported Chambers records from the years shown. Chambers record counts can span years and reporting coverage varies; missing years or markets are not compared. Current Chambers bands were checked against each firm’s Chambers profile on Sep 26, 2026; where Chambers splits a table, every Elite firm ranks above every Highly Regarded firm. Missing values shown as “-”.

More head-to-head comparisons

Firm data comes from each firm’s own publications, Chambers USA and Vault; see Milbank and Covington & Burling for sources and dates.