MK&B is not divided into practice groups like traditional law firms, although the firm does have several generally recognizable practices in which it is engaged with its clients. These practices include secondary loan trading, claims trading, portfolio asset transactions, high-yield investments/equity trading and wealth management.

Practices at MK&B are fluid, and all MK&B lawyers are involved in more than one of the firm's practices. Because MK&B makes the extra effort to know and understand its clients' businesses, and because providing responsive and committed service to its clients is the firm's paramount operating principle, MK&B's practices have developed organically. The firm has grown as its clients' activities have expanded. In addition, the diverse backgrounds of the lawyers who make up MK&B and the collegial and collaborative practice style that MK&B encourages of its lawyers enable the firm to respond quickly and effectively when clients move into new businesses.

Because so much of MK&B's practice involves assets or transactions located outside the three jurisdictions in which the firm has offices, MK&B lawyers are particularly adept at working with local counsel and consulting available resources to become familiar with applicable local law, local customs and relevant political and economic conditions. When a client begins investing in a new market, MK&B lawyers often work with local legal and financial advisors in summarizing relevant law and business practices to enable the client to make informed decisions concerning investment strategies. Firm lawyers help clients understand all factors that might impact the clients' achievement of their investment goals.