A&O creates new senior partner role for Italy arm
Allen & Overy (A&O) has overhauled its Italian management, appointing Massimiliano Danusso in the new role of senior partner for the region. Finance partner Paul Flanagan will take over Danusso's former post as Italy managing partner to help support the development of the firm's business in Italy. Flanagan commented: "Massimiliano is our most successful billing partner in Italy and he needs administrative support to run the Italian practice across two sites. My role will be more about the nuts and bolts and making sure things run smoothly from day to day."
January 29, 2009 at 12:22 AM
2 minute read
Allen & Overy (A&O) has overhauled its Italian management, appointing Massimiliano Danusso in the new role of senior partner for the region.
Finance partner Paul Flanagan will take over Danusso's former post as Italy managing partner to help support the development of the firm's business in Italy.
Flanagan (pictured) commented: "Massimiliano is our most successful billing partner in Italy and he needs administrative support to run the Italian practice across two sites. My role will be more about the nuts and bolts and making sure things run smoothly from day to day."
Flanagan relocated from London to Milan in September 2007, committing to stay for at least five years. The move came amidst a number of senior banking departures from A&O's Milan base, including Davide Mencacci and Giancarlo Castorino, who joined Linklaters and Marena Bonvicini & Ludergnani respectively.
Danusso has been the sole managing partner for the Italy practice since 2004, having acted as co-manager alongside then European managing partner Stephen Denyer since 2003. He is also head of the Italy international capital markets (ICM) group. His practice focuses on ICM and corporate finance.
The joint managing partner structure was brought in in 2003 to replace a system of local managing partners for offices in Milan, Rome and Turin. At the same time, local practice group heads were scrapped in favour of four pan-Italian practices – banking, corporate, international capital markets and litigation.
The magic circle firm lost its Turin office in October 2006 when its only partner – corporate specialist Carlo Pavesio – launched his own firm, Pavesio & Associati.
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