Milbank Will Send Associates to Harvard for Executive Training
Milbank, Tweed, Hadley & McCloy wants associates who don’t make the partnership cut to be prepared for life on the outside.
And that’s part of the reason it is sending its midlevel associates to Harvard University for five years of executive training in areas such as accounting, economics, finance and negotiation, the Wall Street Journal Law Blog reports. The classes are also intended to benefit those who attain the law firm brass ring, according to Milbank vice chairman Scott Edelman.
“In the law-firm model today, most associates who join a firm don’t wind up staying to become partners—that goes without saying,” Edelman told the blog. “We’re investing in them to make them better lawyers while they’re here, but also to prepare them for the outside world.”
Associates start the program at the end of their third year at the firm, and complete their courses in their seventh year. Milbank covers the tuition.
Classes will be taught by professors from Harvard Law School and Harvard Business School, and they will focus on business, finance and law, according to a press release. Associates will go to the Harvard campus for eight days per year to complete the training program.
Prior coverage of associate training:
ABA Journal: “Learning The Business Basics: Pittsburgh Firm Teams With Wharton School to Boost Profile in World Market”
ABAJournal.com: “Law Firms Go to Business School”
