Neal S. Millard

Of Counsel, Los Angeles Office


Neal Millard is a partner in the Firm's Los Angeles office.  He practices in the area of international finance and real estate, representing foreign and domestic financial institutions. He also practices in the areas of healthcare and education, representing private and public institutions.

In the real estate area, he has represented banks in structuring and implementing construction loans, covering such varied and specialized projects as hotels, government buildings, casinos, schools and health care facilities.  He has also represented thrift and insurance companies in the making of medium to long term permanent loans, many with equity participations or other unusual incentive provisions.

In the education area, Mr. Millard has represented most of the major charter management organizations and certain individual charter schools in both Southern and Northern California in connection with financings, real estate acquisitions, grant documentation, labor issues and leasing transactions.  He has also advised both profit and nonprofit institutions of higher learning with respect to financing and management issues.

In the corporate area, Mr. Millard has represented a diverse group of financial institutions in asset backed facilities, project financings, credit enhancement and straight corporate loans. Mr. Millard also represents the domestic businesses of many foreign-based corporations.  For example, Mr. Millard represented an Australian company in its leasing of aircraft from an American lessor. Overseas, Mr. Millard has been consulted by American companies for project financings and private investments.

In the healthcare area, Mr. Millard has structured and negotiated numerous loans involving hospital groups, including direct loans, letter of credit transactions, tax exempt bonds, direct bond purchase agreements, New Market Tax Credits and real estate financings. He has been involved in advising healthcare clients in restructuring and insolvency issues and the formation of joint ventures and corporate partnerships. He has also been involved in numerous real estate transactions such as leasing and purchase and sales.

Prior to joining Musick, Peeler and Garrett LLP in 2009, Mr. Millard was a partner in Jones, Day, Reavis & Pogue and in White & Case.  Mr. Millard has spoken for the Practising Law Institute, the California Continuing Education section of the California Bar, CLE International and the Bank Lending Institute.  He was a guest speaker at the Southwestern Law School's International Law Weekend-West.  He was formerly an Adjunct Professor of Law at the USC Law Center where he taught international finance and international trade.

Written Works:

  • Co-Author, “Validation of Mechanics’ Lien Waivers: AB 844 - The Legislative Reaction to Bentz Plumbing,” California Real Property Journal, Vol 2, No. 4, State Bar of California (Fall 1986)
  • Co-Author, “How Letters of Credit are Treated in FRB Risk-Based Capital Guidelines,” Letter of Credit Update, Vol 5, No. 1, Government Information Services (January 1989)
  • Co-Author, “The New Risk-Based Capital Framework and its Application to Letters of Credit,” The Banking Law Journal, Warren, Gorham & Lamont (November-December 1989)
  • Co-Author, “Letter Perfect,” California Law Business, Los Angeles Daily Journal (February 20, 1996)
  • Contributing Editor, “Annotated Unconditional Continuing Guaranty and Letter of Credit,” Equipment Leasing, Matthew Bender  (2000)
  • Co-Author, “Vexing Situations:  Ethics and International Practice,” The California International Practitioner, Vol. 13, No. 2, The State Bar of California International Law Section, 2004
  • Author, “A View from the Trenches: A Comment on ‘Property, Institutions, Financing, Banks, and the Invigoration of Small Business,’” Southwestern Journal of Law and Trade in the Americas, Vol. XII, No. 2, Southwestern School of Law (2006)
  • Author, “World Financial Markets Look Towards the East,” Southwestern Journal of International Law, Volume 18 Number 1, Southwestern School of Law (2012)


Mr. Millard has been voted by his peers as a Los Angeles Super Lawyer since its inception, and he appears in the 2006 and subsequent editions of the Best Lawyers in America for his work in international trade and finance law.  Chambers lists Mr. Millard as a "recommended lawyer."  More recently, he was voted the 2014 International Lawyer of the Year by Best Publications.


  • Member, Citizens Advisory Committee for the 1984 Summer Olympic Games (1982-1984)
  • Trustee, Altadena Library District Board of Trustees (1985-1986)
  • President, Board of Directors, Woodcraft Rangers (1986-1988)
  • Member, PLI Advisory Committee on Real Estate (1992-1999)
  • Commissioner, Energy Commission for the County and Cities of Los Angeles (1995-1999)
  • Letter of Credit Monitor, Member, Advisory Board (1995-2008)
  • Inner City Law Center, Member, Board of Directors (1996-1999)
  • Documentary Credit World, Member, Editorial Advisory Board (1997-Present)
  • Los Angeles County Judicial Procedures Commission, Commissioner (1999-2009; chair 2000-2002)
  • La Cañada Flintridge Educational Foundation,, Member (2003-2007)
  • LC Views, an international e-magazine, Member, Editorial Board (2004-2009)
  • Alliance College-Ready Public Schools, Director (2005-2014)
  • La Cañada Flintridge Public Safety Commission, Commissioner (2006-2010; chair 2007-2008)
  • Fremont College, Member, Board of Advisors (2007-2012)
  • Los Angeles Music Center, Member, Board of Directors (2012-2015)


  • State Bar of California: Member, Resolutions Committee of the Conference of Delegates (1986-1987)
  • State Bar of New York
  • American Bar Association: Chair, Study Group on Legal Assistants, Committee on Real Estate Financing, Section of Real Property, Probate and Trust Law (1982-1983); Chair, Subcommittee on Asset Sales and Loan Participations, Section of International Law and Practice (1986-1988); Chair, Subcommittee on Letters of Credit, Section of Real Property, Probate and Trust Law (1987-1988)
  • Los Angeles County Bar Association: Member, Board of Trustees (1985-1987); Liaison to the State Bar Board of Governors (1985-1988); Chair, General Real Estate Subsection, Real Property Section (1981-1982); Member, LACBA Executive Committee for the Conference of Delegates (1982-1985); Member, Board of Directors, Public Counsel (1984-1987, 1990-1992); Member, Board of Directors, Los Angeles County Bar Foundation (1991-1998; President, 1997-1998)
  • American Law Institute, Member 2003 to Present
  • Chancery Club, Member 2004 to Present
  • American Bar Foundation, Fellow 2010 to Present