What we say about the firm's legal practice in Italy
Banking and finance
Within Banking and finance, tier 5
White & Case LLP relaunched in Italy when it recruited Michael Immordino from Latham & Watkins LLP. The practice focuses on advising banks, sponsors and corporations on leveraged buyouts, asset-based lending, and real estate, structured trade, and commodity and investment-grade financings, as well as workouts, restructurings and exits. Nicholas Lasagna is also recommended.
Capital markets
Within Debt, White & Case LLP is a third tier firm,
Latham & Watkins LLP represented Abengoa in its $650m senior notes issuance. Antonio Coletti is ‘able to solve problems’ and Jeffrey Lawlis has ‘good negotiation skills’. Andrea Novarese and Maria Cristina Storchi are well regarded, but the practice endured Michael Immordino’s departure to White & Case LLP.
Within Equity, tier 4
Latham & Watkins LLP’s former partner Michael Immordino moved to help relaunch White & Case LLP’s Italy practice. Nonetheless, clients still praise the firm for ‘providing its services on both the Italian and the international side, thus allowing banks to have one law firm instead of two’. The practice represented joint bookrunners Centrobanca and Intermonte SIM on the AIM Italia listing of Made in Italy 1, the first Italian law SPAC admitted to list on the Italian market. Antonio Coletti is ‘recognised for his excellent preparation and track record’, and Jeffrey Lawlis and Maria Cristina Storchi are also experienced lawyers. Andrea Novarese is ‘excellent’.
Legal market overview
Within Legal market overview,
Other significant news for the Italian legal market was White & Case LLP’s return, following its exit in late 2008; Michael Immordino was joined by Nicolas Lasanga from Latham & Watkins LLP and Ferigo Foscari from Chiomenti Studio Legale. Gianni, Origoni, Grippo & Partners recruited M&A expert Roberto Cappelli and a ten-lawyer team from Grimaldi e Associati in December 2011, prompting Cappelli’s new firm to amend its name to Gianni, Origoni, Grippo, Cappelli & Partners and leading to Grimaldi e Associati’s dissolution.