Pirola Pennuto Zei & Associati > Milan, Italy > Firm Profile

Pirola Pennuto Zei & Associati
20124 MILAN

Italy > Turin: leading firms Tier 2

Pirola Pennuto Zei & Associati‘s Turin team stands out for its activity in the tax space The group covers transfer pricing issues, tax ruling procedures, investment programmes and tax analyses.


‘Very collaborative and proactive team. It fully understands the customer’s needs and becomes an active partner in the search for solutions and answers of a fiscal nature.’

‘High preparation, with great availability of staff.’

‘They have the ability to support customers at 360° by acting in a very professional and effective way.’

‘Competent, available, practical.’

Italy > Tax Tier 3

Pirola Pennuto Zei & Associati’s ‘always available’ tax team recently experienced growth in relation to alternative real estate assets, banking sector-related M&A; and real estate-related financing and structured finance. Stefano Tronconi is an international tax expert; Massimo Di Terlizzi is co-managing partner; Guido Doneddu‘s practice includes corporate taxation and transfer pricing; Andrea Pirola is an international taxation and tax litigation expert; and Nathalie Brazzelli is a private equity specialist.


Prepared, always available and very solid.

Andrea Pirola advises us as if it is his personal business – well beyond the duties of a professional. The other team members are also very good.

Key clients

Bain Capital

Mercury UK Holdco



Antonello Manuli Holdings

Toshiba Tec Italia Imaging Systems

Falck Renewables Group

Grandi Magazzini e Supermercati Il Gigante

Equinova Holding


Falck Group

Mare Group

Breitling Italia


Italy > Compliance Tier 4

Pirola Pennuto Zei & Associati's regulatory, compliance and data protection practice advises on Decree 231 issues, data protection, health and safety at work regulations, and anti-corruption, as well as Bribery Act (UK), FCPA (US) matters and internal investigations. Team head Roberta Di Vieto assists with drafting and applying organisational models.

Practice head(s):

Other key lawyers:


Among the strengths of the firm is a strong proactive ability to solve problems. They do not stop at the purely technical issues, and are always ready to propose innovative solutions – as such, they perfectly adhere to the wishes of our constantly evolving company.

The team stood out for its in-depth knowledge of corporate compliance pursuant to Legislative Decree 231/01.

The availability of the professionals in organising training sessions on the content of organisational models was particularly appreciated by the company’s management.

Always available, creative and knowledgeable.

360-degree competence. They are proactive and helpful in the decision-making process.

A multi-perspective view of clients’ requests, finding original and unprecedented solutions.

Senior associate Mattia Salerno is one of the leading compliance/privacy experts with whom my company has collaborated – a professional par excellence. He has always responded with the utmost precision and punctuality to business requests, making our company feel protected at 360 degrees.

Mattia Salerno proved to be an exemplary professional.

Key clients

Burger King Restaurants Italia

DXC Technology’s Italian subsidiaries

CompuGroup Medical Italia

Clariant Group’s Italian subsidiaries

Banca PSA Italia

Savills Investment Management

Timbers Resorts Management Italy

Ursapharm Arzneimittel

Saccheria Franceschetti

Fondazione Istituto Italiano Di Tecnologia

Work highlights

  • Assisting Savills Investment Management SGR with the management of corporate compliance issues.
  • Assisting Burger King Restaurants Italia with the management of the key legal aspects arising from the digitalisation of its business activity.
  • Assisting DXC Technology’s Italian subsidiaries with the management of corporate compliance issues.

Italy > Commercial, corporate and M&A Tier 6

Originally founded in the 1980s as a specialist tax firm, Pirola Pennuto Zei & Associati is naturally a go-to for corporate tax mandates though is likewise engaged for business sales, mergers, spin-offers, reorganisations, leveraged buyouts and joint ventures, among other matters. The practice is jointly headed by Stefano Tronconi  and Massimo Di Terlizzi and represents an even mixture of domestic and international clients.

Practice head(s):

Massimo Di Terlizzi; Stefano Tronconi

Other key lawyers:

Nathalie Brazzelli; Francesca de Fraja


‘The team demonstrated a perfect knowledge of the Italian ecosystem. Dedication to get the information and attention to detail are the main strengths.’

‘Team composed of a senior and a mid level, they alternate very well in the management of tasks in order to speed up work and minimize expenditure.’

‘Great availability even in case of emergencies to stay and work until late at night.’

Key clients












Work highlights

  • Assisted EKAF – Industria Nazionale del Caffè S.p.A. with contract negotiation and all company law, financial and employment law issues, as well as with the submission of the golden power notice.
  • Acted as Nexi S.p.A. and Sia Spa carried on the integration of the two groups through the merger by incorporation of Sia into Nexi.

The firm: Pirola Pennuto Zei & Associati was established in the 1970s as a partnership by a group of specialists. The firm provides tax and legal services to medium and large-sized companies and multinational groups and has continually sought to reinforce its multi-disciplinary approach by creating specialised centres of excellence. The firm is composed of more than 600 professionals, many of whom have participated in some of Italy’s most significant corporate and financing operations over the past decade.

The firm has ten offices in Italy (Milan, Rome, Turin, Padua, Bologna, Brescia, Naples, Verona, Parma and Florence), one in London, three in China (Beijing, Shanghai and Hong Kong), an Indian and a Russian desk.

The firm focuses on selected areas of practice and guarantees to provide competence and top-quality services, thereby increasing efficiency and combining the trust relationship between the professional and the client with organisational skills, in order to manage complex operations in the entire Italian territory and abroad.

Pirola Pennuto Zei & Associati advises many of Italy’s leading corporations and several major Italian banks, both domestically and abroad. The representation of foreign clients, both in Italy and internationally, constitutes a significant part of the firm’s practice.

Areas of practice:The firm combines a multidisciplinary vision and focus on different business sectors, providing tax consultancy (in relation to tax compliance, national and international tax planning, transfer pricing, VAT, litigation, expatriates, etc.), legal consultancy (in relation to mergers and acquisitions, private equity and banking and financial matters, including all regulatory aspects, corporate law, commercial law, aviation law, employment law, information technology law, copyright law, civil litigation, family law, etc.), as well as corporate finance consultancy (debt restructuring, consolidation plans, company valuations, etc.).

Administrative law Ermanno Vaglio
Asset finance/securitisation/ capital markets Massimo Di Terlizzi
Asset finance/securitisation/ capital markets Francesca de Fraja
Aviation Gabriele Bricchi
Aviation Lucia Secchiaroli
Banking and finance Andrea Gottardo
Banking and finance Maurizio Bernardi
Commercial property Anne-Manuelle Gaillet
Commercial property Francesco Lamperti
Competition and EU Gabriele Bricchi
Competition and EU Lucia Secchiaroli
Corporate and M&A Massimo Di Terlizzi
Corporate and M&A Francesca de Fraja
Dispute resolution and arbitration Gianluca Grossi
Dispute resolution and arbitration Giorgio Recine
E-commerce Anne-Manuelle Gaillet
E-commerce Francesco Lamperti
Employment and labour Roberta Di Vieto
Employment and labour Marco Di Liberto
Energy and natural resources Ermanno Vaglio
Energy and natural resources Edoardo Panzera
Environment Ermanno Vaglio
Information Technology Lucia Secchiaroli
Insolvency/corporate restructuring Pierluigi Samarotto
Insolvency/corporate restructuring Andrea Gottardo
Insurance Gabriele Bricchi
Insurance Pierluigi Samarotto
Intellectual property Fabrizio De Luca
Intellectual property Francesco Lamperti
Media entertainment and TMT Fabrizio De Luca
Real estate Francesca de Fraja
Real estate Emilia Bontempi
Andrea Alberico photo Andrea AlbericoPartner.Registered with the Association of Chartered Accountants of Milan and the Register of…
Luca Angeretti photo Luca AngerettiAssociate Partner.Registered with the Association of Chartered Accountants and the Register of…
Lorenzo Banfi photo Lorenzo BanfiPartner. Member of the Board of Statutory Auditors of major national and international companies.
Monica Barbieri photo Monica BarbieriAssociate Partner
Stefano Barletta photo Stefano BarlettaPartner.Provides tax and corporate consultancy mainly to international clients operating a number…
Franco Barro photo Franco BarroPartner.Specializes in integrated administrative management for the benefit of companies with particular…
Maurizio Bernardi photo Maurizio BernardiPartner. Specializes in mergers and acquisitions, private equity, banking and finance, financial…
Alberto Bertuzzo photo Alberto BertuzzoAssociate Partner
Nathalie Brazzelli photo Nathalie BrazzelliPartner. She mainly provides tax advice on corporate tax issues, mergers and acquisitions,…
Gabriele Bricchi photo Gabriele BricchiPartner. Specialises in Corporate, Commercial, Air and Space and Antitrust Law.
Gianfranco Buschini photo Gianfranco BuschiniPartner. Registered with the Association of Chartered Accountants and the Register of…
Giuseppe Cagliero photo Giuseppe CaglieroPartner.Provides tax and corporate assistance to major national and international groups. Specialized…
Andrea Cagnani photo Andrea CagnaniPartner.Has extensive experience in advising companies in the pharmaceutical and real estate…
Alessandro Cavallanti photo Alessandro CavallantiAssociate Partner
Stefano Cesati photo Stefano CesatiPartner.Consultant in ordinary and extraordinary corporate and tax matters for leading international…
Fabrizio De Luca photo Fabrizio De LucaAssociate Partner
Marco Di Liberto photo Marco Di LibertoJunior Partner
Massimo Di Terlizzi photo Massimo Di TerlizziPartner. Extensive experience and specialization in corporate tax, corporate and commercial law,…
Roberta Di Vieto photo Roberta Di VietoPartner. Admitted to the Bar at the Court of Appeal of Brescia.
Guido Doneddu photo Guido DonedduPartner. Provides consultancy to major Italian groups and companies and Italian subsidiaries of…
Luca Fossati photo Luca FossatiPartner. Registered with the Association of Chartered Accountants and the Register of Auditors. 
Anne-Manuelle Gaillet photo Anne-Manuelle GailletPartner.Specialized in corporate law, mergers and acquisitions, business and commercial law, arbitration…
Clarissa Galli photo Clarissa GalliAssociate Partner
Ada A. Garzino Demo photo Ada A. Garzino DemoPartner.
Daniele Ghedi photo Daniele GhediAssociate Partner
Andrea Gottardo photo Andrea GottardoPartner.Was Assistant Lawyer to the Professor of International Law at the Faculty…
Federico Grigoli photo Federico GrigoliPartner. Registered with the Association of Chartered Accountants and the Register of Auditors.…
Gian Luca Grossi photo Gian Luca GrossiPartner. Provides legal, corporate and tax consultancy with particular reference to Middle Market…
Guido Guetta photo Guido GuettaPartner.Registered with the Association of Chartered Accountants and the Register of Auditors.
Francesco Lamperti photo Francesco LampertiAssociate Partner
Fabio Landuzzi photo Fabio LanduzziPartner.Expert on corporate tax issues and corporate reorganisations.
Luca Marvaldi photo Luca MarvaldiPartner. Registered with the Imperia Association of Chartered Accountants and the Register of…
Giuseppe Merola photo Giuseppe MerolaAssociate Partner
Stefania Meschiari photo Stefania MeschiariPartner.Member of the Board of Statutory Auditors of major national and international…
Mosè Metrangolo photo Mosè MetrangoloPartner. Provides advice on company law and tax matters to major domestic…
Filippo Momi photo Filippo MomiPartnerRegistered with the Association of Chartered Accountants and the Register of Auditors.
Giuliana Monte photo Giuliana MontePartner. She mainly provides advice and assistance on company law and tax issues…
Lorenzo Muzii photo Lorenzo MuziiAssociate Partner
Rosita Natta photo Rosita NattaPartner.Provides tax and corporate consultancy with particular reference to Middle Market companies,…
Luca Occhetta photo Luca OcchettaPartner
Umberto Orso Giacone photo Umberto Orso GiaconeAssociate Partner
Mara Palacino photo Mara PalacinoPartner.Registered with the Association of Chartered Accountants and the Register of Auditors.
Edoardo Panzera photo Edoardo PanzeraAssociate Partner
Rosanna Pellerino photo Rosanna PellerinoAssociate Partner
Sergio Pennuto photo Sergio PennutoFounding Partner.An expert in national and international tax law and procedures for…
Benedetta Pinna photo Benedetta PinnaAssociate Partner
Giuseppe Pirola photo Giuseppe PirolaFounding Partner.A national and international tax expert, he provides tax consultancy to…
Roberta Pirola photo Roberta PirolaPartner.Has significant experience in relation to intragroup transactions, reorganizations and acquisitions, including…
Andrea Pirola photo Andrea PirolaPartner.Registered with the Milan Association of Chartered Accountants and registered with the…
Federico Ragazzini photo Federico RagazziniPartner
Giorgio Recine photo Giorgio RecineAssociate Partner
Gianluca Saccoccia photo Gianluca SaccocciaPartner.Specializes in corporate law with particular reference to mergers and acquisitions and…
Pierluigi Samarotto photo Pierluigi SamarottoPartner.Specialized in mergers and acquisitions, corporate law, international contracts, distribution law, industrial…
Dario Santagà photo Dario SantagàPartner
Lucia Secchiaroli photo Lucia SecchiaroliAssociate Partner
Antonello Silvestri photo Antonello SilvestriPartner.He provides advice on tax and company law issues, corporate reorganisations and…
Bettina Solimando photo Bettina SolimandoPartner.Has significant experience in providing corporate tax and value added tax consultancy,…
Dario Taroni photo Dario TaroniAssociate Partner
Stefano Tronconi photo Stefano TronconiPartner.Member of the Board of Statutory Auditors for major national and international…
Andrea Vaglie' photo Andrea Vaglie'Partner.
Ermanno Vaglio photo Ermanno VaglioAssociate Partner
Luca Valdameri photo Luca ValdameriPartner
Marco Vianello photo Marco VianelloPartner.Provides tax consultancy with particular focus on taxation issues relating to the…
Yuri Zugolaro photo Yuri ZugolaroPartner.Registered with the Padova Association of Chartered Accountants and the Register of Auditors. Member…
Francesca de Fraja F. photo Francesca de Fraja F.Partner.Specializes in M&A (both local and cross border, with specific reference to…
Number of Lawyers : 150
at this office : 40
Contacts : Massimo Di Terlizzi
Contacts : Andrea Gottardo
Other offices : Beijing
Other offices : Bologna
Other offices : Brescia
Other offices : Florence
Other offices : Hong Kong
Other offices : London
Other offices : Naples
Other offices : Padua
Other offices : Parma
Other offices : Rome
Other offices : Shanghai
Other offices : Turin
Other offices : Verona