
Milbank‘s banking litigation practice is ’responsive, commercial, and technically excellent’, acting on high-profile disputes, particularly linked to loan and bonds. The team has expertise across the board of novel issues, including LIBOR manipulation, and interchange litigation. Julian Stait heads the ‘extremely dedicated’ practice, and has extensive complementary competition expertise. Mona Vaswani is ’valued for her hard-hitting approach to litigation’, and frequently acts on contentious insolvency matters for leading financial institutions. Also key to the practice are ‘standout partner’ Tom Canning, and William Charles, noted for his ’deep banking experience and good commercial understanding’.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ‘Mona Vaswani carries a loyal following in the market, and is valued for her hard-hitting approach to litigation.’
- ‘Julian Stait is a very engaged partner - always take the right points.'
- ‘William Charles - deep banking experience and good commercial understanding.’
- ‘The team is extremely dedicated to getting the result the client wants, working very hard and taking all available points.’
- ‘The team we have worked with are responsive, commercial, and technically excellent.’
- ‘Tom Canning is a standout partner, handles clients with ease and makes you feel properly looked after and well advised.’
Key clients
- Coöperatieve Rabobank U.A.
- Visa Inc.
- Visa International Service Association
- Visa Europe Limited
- Visa Europe Services LLC
- Visa UK Limited
- Apollo Global Management
- Frigoglass Group
- Intermediate Capital Group (and its affiliated investment vehicle Falcon VII Investment S.a r.l.)
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Practice head
Julian Stait
Other key lawyers
Mona Vaswani; Tom Canning; William Charles; Emma Hogwood

