La dolce vita remains a distant memory for most international law firms in Italy. As the Italian economy underperforms most of its European counterparts, some major players have adjusted their ambitions downward, while new competitors scramble to take advantage.
Lateral hires have bolstered both DLA Piper and Orrick, Herrington & Sutcliffe. Last March, DLA took on an 18-lawyer team from Simmons & Simmons—including corporate, capital markets, project finance, and restructuring partners—after picking off some individual lawyers from the U.K. firm. DLA has also poached lawyers from Italian firms Giuffrè Scorcelli Rosa & Partners, CMS Adonnino Ascoli & Cavasola Scamoni, and Sciumè Zaccheo & Associati. Over the last two years, Orrick has taken on 30 new lawyers in Italy, bringing its head count there to 90. The new arrivals include 15 lawyers from Italian firm Vita Samory, Fabbrini e Associati and eight from Tonucci & Partners. “We were close to reaching a critical mass and decided we would make the final jump,” explains Alessandro De Nicola, managing partner of Orrick’s Italian practice.
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