Milbank recently ranked 25th in the 2020 Vault Law 100 national rankings of most prestigious law firms in the country and has been named one of the top 10 firms in nine categories within Vault's annual "Best Law Firms by Practice Area" and "Best Law Firms to Work For" rankings. Notably, the Project Finance team was ranked No. 1 in the country for the third consecutive year.

Vault's senior law editor Mary Kate Sheridan recognized the firm's significant year-over-year jump – the biggest in the 2020 ranking – saying: "Milbank stepped into the spotlight in a big way this year. Not only did the firm make a statement with associate salaries, but it also rebranded – legally changing its name to Milbank LLP – and moved its NYC headquarters to Hudson Yards. Unsurprisingly, associates took notice."

The firm's industry-leading practices achieved top 10 rankings for Project Finance, Bankruptcy/Restructuring, Clean Tech/Renewable Energy, Energy, Oil and Gas, and Banking & Financial Services. Milbank was also named one of the top 10 "Best Law Firms to Work For" in the areas of Compensation, Business Outlook, Formal Training and Integration of Laterals/Clerks.