Gianni Origoni to split; 100-plus lawyers to depart
Italian leader Gianni Origoni Grippo & Partners is to split, with the executive committee and around 100 lawyers breaking away to form their own practice. The firm, which has around 350 lawyers in total, is preparing an announcement on the news, which will represent one of the most significant splits of a leading European independent.
October 29, 2007 at 01:57 PM
3 minute read
Italian leader Gianni Origoni Grippo & Partners is to split, with the executive committee and around 100 lawyers breaking away to form their own practice.
The firm, which has around 350 lawyers in total, is preparing an announcement on the news, which will represent one of the most significant splits of a leading European independent.
The departing group consists of around 16 partners and is led by a number of the firm's top names, with executive committee members Alberto Giampieri, Filippo Troisi and Bruno Bartocci all leaving. The recently-appointed managing partner, M&A specialist Giovanni Nardulli, is also leaving.
The group of partners plus around 90 additional lawyers represent nearly a third of the firm and will set up their own firm, which will be based in Milan, Rome and London. Nardulli will head the new firm, which is yet to be named.
It is understood the departing group consists of the firm's entire banking practice and all of heads of department.
The move is understood to follow disagreements between the firm's executive committee and founder Francesco Gianni.
One Gianni insider told Legal Week the rift began after the firm re-jigged its management structure in June this year. The move saw Gianni step up from managing partner to senior partner and the formation of a new executive committee, headed by Nardulli.
It is thought that Gianni, fellow name partner GianBattista Origoni and a group of other partners confronted Nardulli late last week over issues including the firm's hiring policy and this is when the group announced its plans to leave.
The source told Legal Week: "The firm is reviewing the situation to see what will happen but the most important factor is that a majority of partners including Gianni are going to stay."
Gianni for many years had a formal alliance with magic circle giant Linklaters but in 2004 the firms severed ties with one another following Gianni's reluctance to merge.
A former Gianni partner said: "It will leave Gianni with more than half the business but it is a move that many in the market have expected for a while. It is the biggest break up in Italy for a long time."
Talkback: Shocked by the split or had the break-up been a long time coming? Click here to have your say.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllDavis Polk Veterans Launch M&A, Private Equity Boutique in France & Italy
2 minute readFreshfields Advises Troubled Chemical Giant BASF on €6 Billion Loan Refinancing
2 minute readLinklaters Rehires Paris Partner From Freshfields & Adds Second in Amsterdam
2 minute readTrending Stories
- 1The Law Firm Disrupted: Playing the Talent Game to Win
- 2A&O Shearman Adopts 3-Level Lockstep Pay Model Amid Shift to All-Equity Partnership
- 3Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5A RICO Surge Is Underway: Here's How the Allstate Push Might Play Out
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250