Firm Profile > Orrick, Herrington & Sutcliffe > Milan, Italy

Orrick, Herrington & Sutcliffe
MILAN 20121

Compliance Tier 1

Orrick, Herrington & Sutcliffe frequently advises on the design, implementation and maintenance of compliance programmes to prevent corporate crimes. The team also assists with compliance assessments on board and committee effectiveness, data protection compliance, and compliance programmes addressing the US' Foreign Corrupt Practices Act (FCPA) and the UK's Bribery Act-related risks. In addition, the team assists with a range of investigations. Alessandro De Nicola is a highly rated compliance specialist and Marco Dell’Antonia regularly acts on corporate governance matters. Senior associate Ivan Rotunno is experienced in data protection compliance. Recent growth includes the recruitment of Jean-Paule Castagno from Clifford Chance.

Practice head(s):


The team is available, professional and clear.

Alessandro De Nicola is a true leader who provides deep analysis.

Key clients




Allianz Group

Crédit Agricole Assicurazioni


Amundi SGR



Banca IFIS


City Green Light

CNP Unicredit Vita S.p.A.


Eurizon Capital SGR


Sergio Rossi



Terna Group




Industry focus: Energy Tier 1

Orrick, Herrington & Sutcliffe is involved in many innovative deals in the Italian energy market. In 2019, the department took a role on a major financing project for a grid parity plant; a case concerning a state-of-the-art concentrating solar power system; and negotiations for a significant 10-year power purchase agreement. Carlo Montella, global deputy business unit leader of the energy and infrastructure practice, is ably supported by of counsels Andrea Gentili and Pina Lombardi.

Practice head(s):


‘The energy team at Orrick is very strong, they have outstanding experience in the most complex transactions in the energy industry covering the full scope of energy mandates. The team provides full-service assistance, from the structuring of the transaction to closing and is able to address every single aspect of the deal and issues involved promptly and with sound advice.’

‘Carlo Montella is one of the top energy lawyers and has a solid reputation in the market. Carlo is very client-oriented and extremely helpful in negotiations. Carlo is a very positive, enthusiastic and proactive person, he has a commercial mindset with incredible problem-solving skills. Andrea Gentili has a reputation as an excellent lawyer in energy M&A, always has a complete view of the overall transaction and is able to deal with the most complex issues so to find smart and effective solutions. Andrea is responsive, precise and quick. Pina Lombardi has lengthy experience in the energy sector, she is very attentive to details, punctual and precise and is able to provide high-quality service especially with respect to administrative and regulatory issues relating to energy projects. ‘

‘The team covers all areas required by international investors. Not only does it have a thorough understanding of the legal boundary conditions, but also understands the levers that make a project outstanding economically and helps the clients achieve these targets.’

‘Carlo Montella is an expert in the energy industry, he understands what international clients need and supports them in achieving their goals of legally solid and economically successful transactions.’

Key clients

Glennmont Partners

WRM Group

Canadian Solar

Foresight Group LLP

European Energy

Quercus Assets Selection


VEI Green



PLT Group




Obton A/S

Real estate and construction Tier 1

Orrick, Herrington & Sutcliffe's international network, combined with the Italy team's expert knowledge of the domestic real estate market, is a great contributor to the success of the US firm's Milan-based real estate practice and comes especially in handy when dealing with foreign retailers, banks, hotels and investors. The real estate group, led by Emanuela Molinaro, is part of the wider banking and finance team under Patrizio Messina, who is also in charge of Europe. Property and portfolio transactions, investments, construction and development projects as well as real estate and construction disputes all make up the firm's broad offering.


‘Complete alignment on each topic and a great willingness to support the clients with their timing.’

‘Orrick succeeds in combining the professionalism and the organization of a large international firm with a human dialogue and constant support. Their professionalism and coordination convey a strong sense of reliability.’

‘Emanuela Molinaro and associate Christian Turotti are excellent professionals, always reliable in the agreed deadlines and experts on very specific topics.’

‘Emanuela Molinaro gives Orrick’s real estate team her own remarkable touch, with broad legal expertise combined with rare commercial sensitivity.’

Key clients

Auchan Group

Crédit Agricole Vita

Colony Capital Inc.

BNP Paribas REIM

Generali Group (including Generali Properties and Generali Real Estate SGR)

Carrefour Group (including Carrefour Property Italia, Carrefour Italia, SSC Società Sviluppo Commerciale, GS and Carmila Group’s companies)

Prelios SGR

Monarch Capital Partners

Castello SGR

Meininger Hotels group

DeA Capital SGR



Apollo Management International LLP

Eurospin Group

Isaia & Isaia

Värde Partners

Unieco S.c. in LCA


Capital markets: Debt Tier 2

Orrick, Herrington & Sutcliffe stands out for its expertise in bonds and mini-bonds, EMTN Programmes, securitisation, NPLs and covered bonds. It also covers Italian, English and US law. Patrizio Messina is highly rated for his expertise in DCM and securitisation work; he is also experienced in the Italian mini-bonds market. New York and Italy-qualified Annalisa Dentoni-Litta is focused on securitisation and covered bonds; and Madeleine Horrocks heads the English finance practice in Italy. Structured finance specialist Alessandro Accrocca is also noted.

Practice head(s):


A team with vast resources at its calling, with the key partner always overseeing the whole process.

The team has a good ratio among partners, associates and trainees, with partners highly involved in the transactions. The team has deep knowledge of banking and financial market law as well as market practice, with great focus on the issuer’s perspective.

Clients are very satisfied with the great job the team delivers. One of its main strengths is really understanding the underlying issues and solving them, not only from a legal point of view but with reference to the whole transaction. All team members, senior and junior, are highly competent, accurate, and deliver their work on time despite tight timeframes. They are also available at any time.

The team is well-stocked, complete, available and prepared.

Patrizio Messina has great standing in the market and is great at finding solutions to almost all potential problems – and notwithstanding his position, he is also very available.

Patrizio Messina is a highly experienced attorney, who is very available and problem solving oriented.’

Annalisa Dentoni-Litta is of indispensable support during negotiations. Her approach is smooth but effective and her legal and people skills are not easy to find.

Alessandro Accrocca shows a great level of competence and reliability, and he has a great understanding of the issuer’s dynamics and perspective. He is very commercial and deeply involved in transactions.

Key clients




Pirelli & C.

J P Morgan Securities

Monte dei Paschi Group




Banca IMI


Credit Suisse


BPER Banca

Banco BPM

Banking and finance: lender or arranger side Tier 3

Orrick, Herrington & Sutcliffe stands out for its US, UK and Italian law capabilities. The practice ranges from straightforward operational lending to special purpose lending, such as acquisition or project finance. It also has a highly rated structured finance group. Patrizio Messina is experienced in lender and arranger activity, and Madeleine Horrocks is a UK law project finance and structured finance expert. General lending and corporate finance expert Marina Balzano was a new arrival from Pavia e Ansaldo.

Practice head(s):


The team has vast resources at its disposal with the reference partner always overseeing the whole process.

It has great knowledge of finance products and the market and a network of contacts with all the relevant counterparties- banking, legal and tax. It is also available 24/7.

Marina Balzano is an excellent banking partner with great product expertise and the ability to analyse /and propose out-of-the-box solutions. She is a problem solver and leader in her sector.’

Key clients

Banco BPM


BPER Banca

MPS Capital Services Banca per le Imprese


Riello InvestimentiPartners SGR


Banca IMI

Anthilia Capital Partner SGR

JP Morgan Securities

UBI Banca

Mediocredito Italiano

Banca Popolare di Bari


Commercial, corporate and M&A Tier 3

Orrick, Herrington & Sutcliffe has established expertise in several sectors, most notably technology, private equity, banking and financial services, energy, healthcare and life sciences, and distressed transactions. It also calls upon resources across Europe, Asia and the US for cross-border deals. Marco Nicolini is a privatisation expert; Alessandro De Nicola, is a corporate governance specialist; and Guido Testa mixes high-end M&A and private equity deals with corporate law and commercial contract matters. Recently promoted partner Marco Mancino is experienced in assisting hotel management companies with corporate transactions.


A team that is highly qualified and supportive in a timely manner – these are the main features that make Orrick unique.

The Italian team gives clients complete coverage of all matters and the firm represents an outstanding point of reference in this area.

It provides high levels of attention and constructive co-operation with all parties, improving the efficiency of each project.

Alessandro De Nicola is truly excellent, smart and business focused. He  is an extremely competent lawyer, whose expertise ranges from governance to complex corporate transactions. He has a pragmatic approach and is able quickly to understand clients’ needs.

Guido Testa follows every phase of negotiations, leaving clients feeling very much followed and reassured – he is also very flexible.

The team’s strengths are great professionalism, reliability and competence.

Of counsel Marco Mancino is always available at very short notice and proactive in  both preventing and solving potential critical issues. His support is fundamental, also because of his strong, cross-sectors skills.

Key clients


Banca Carige

Banca Monte dei Paschi di Siena

Capital Dynamics



Consilium SGR


Glennmont Partners

Green Arrow Capital



Pro Web Consulting


Terni Energia



ACS Dobfar

Data privacy and data protection Tier 3

Orrick, Herrington & Sutcliffe advises on data protection compliance requirements as well as on contentious data privacy matters. Its clients are from a variety of industry sectors, including insurance and financial institutions, pharmaceutical and life sciences, transportation and infrastructure, energy and telecoms. Alessandro De Nicola is highly regarded for corporate governance and related compliance matters, and senior associate Ivan Rotunno is a privacy and data protection specialist.


Senior associate Ivan Rotunno has a deep understanding of privacy matters as well as complex cybersecurity issues. He is very responsive and customer oriented, and clients particularly appreciate his ability to think out of the box by providing innovative solutions in a timely manner.

Key clients

Coca-Cola Italia

Aeroporti di Roma







F2i Fondi Italiani per le Infrastrutture Società di Gestione del Risparmio

Rothschild & Co Italia

CNP Unicredit Vita

Tirreno Power

BNP Paribas Asset Management France – Milan branch


Roche Diagnostics

Flowserve Italia

Worthington Italia


Banking and finance: Borrower side Tier 4

Orrick, Herrington & Sutcliffe fields a team of US, UK and Italian law specialists, who advise on syndicated and mezzanine loans, development, corporate, acquisition and leveraged finance, and debt restructuring. Patrizio Messina is a structured finance expert and Madeleine Horrocks' practice includes finance deals in the African off-grid energy sector. General lending and corporate finance expert Marina Balzano was hired in 2019 from Pavia e Ansaldo.

EU and competition law Tier 4

Orrick, Herrington & Sutcliffe's Italy antitrust and competition was significantly expanded in October 2018 when current practice head Pietro Merlino and managing associate Marianna Mariani joined from Cleary Gottlieb Steen & Hamilton LLP. Merlino is very active for pharmaceutical companies; the firm has a busy practice handling matters relating to merger control, notifications, audits and damage actions. Public infrastructure, insurance and manufacturing are also important markets.

Practice head(s):


‘Even though the competition practice has only recently been established, the firm has already been able to consolidate a highly competent image and good credibility. The main merit is to be attributed to Pietro Merlino, a brilliant lawyer with remarkable attention to the customer.’

‘They are able to quickly immerse themselves in business themes and understand even the most complex dynamics’

‘Pietro Merlino is exuberant but also very pragmatic, able to suggest concrete and effective solutions. Marianna Meriani is very considerate; nothing escapes her. Extremely analytical and competent. The mix of the two is absolutely winning.’

Key clients

Kedrion S.p.A.

F. Hoffmann–La Roche Ltd

Sicuritalia S.p.A.


Private equity Tier 4

Orrick, Herrington & Sutcliffe's private equity team has significant experience of strategic combinations and investment transactions, particularly in the mid-market and cross-border space. It includes experts in the industrial and technology sectors, but is also strongly focused on real estate and energy and infrastructure. Guido Testa has a significant track record in high-value private equity transactions and Attilio Mazzili is experienced in strategic business arrangements within the technology, telematics and automotive industries. Technology sector specialist Alessandro Vittoria was promoted to of counsel in 2019.


In addition to its complete legal competence, the practice’s excellent features include the ability to propose ideas and solutions that aim to solve potential problems.

The lawyers reach negotiation targets beyond clients’ expectations, providing best-in-class advice during every step of a deal.

It provides appropriate solutions and is highly supportive of clients.

Key clients



Consilium SGR

Calvi Holding

Green Arrow Capital

Capital Dynamics

AVM Gestioni SGR

Banca Monte dei Paschi di Siena

Style Capital SGR





United Venture SGR

Together Price

Prima Assicurazioni


HAT Orizzonte SGR

Restructuring and insolvency Tier 4

Orrick, Herrington & Sutcliffe has a strong track record in debt restructuring and distressed asset acquisitions. The team has particular knowledge of restructuring tools and Italian bankruptcy law. Special counsel and team leader Daniela Andreatta has considerable experience of handling large-scale, complex restructuring matters. Senior associate Federico Perego assists with corporate reorganisations, out-of-court restructurings, and insolvencies and liquidations.

Practice head(s):


Orrick puts experienced professionals in at all stages of deals.’

Senior associate Federico Perego is always solid in his advice and he has a determined approach that aims to complete the instruction.

Administrative and public law Tier 5

With a strong focus on the energy and infrastructure sector, the 'very trustworthy' team at Orrick, Herrington & Sutcliffe handles a range of public matters including public procurement, public contracts and regulatory support. Francesca Isgrò leads the practice, which stands out for its 'competence' in the space; her expertise also extends to banking and finance.

Practice head(s):


The firm is always attentive and available to its clients

Francesca Isgrò’s approach is extremely pragmatic and never didactic, despite her extremely high profile.’


Key clients

Safety21 S.p.A.

Pagano & Ascolillo

S.p.A. 1 year

Infratel S.p.A.

Fondo Italiano per l’Efficienza

Energetica s.g.r.

S.p.A. 2 years

Guerrato S.p.A.

Eur S.p.A.

Italgas S.p.A.

Foresight Group

Egea S.p.A

iCon infrastructure

ForVEI s.r.l.


Snam S.p.A.

Orrick Italy is one of the leading international firms active in the Italian market.

With +120 professionals, some of which are dual qualified in UK and US, our Italian team work side by side with clients in achieving their business goals. Based in Milan and Rome, our lawyers provide a fully cross-practice and cross-border assistance in several practice areas, also leveraging on the Orrick network, to support clients’ needs.

The firm: Founded in San Francisco 150 years ago, Orrick is a leading global law firm with a particular focus on serving companies in the technology, energy, infrastructure and financial sectors. The firm is recognised worldwide for delivering the highest quality, commercially oriented legal advice.

Corporate, M&A and Private Equity

Orrick’s Corporate team advises leading Italian and multinational companies on domestic and cross-border acquisitions, divestments, mergers and de-mergers. Our professionals also provide domestic and global funds with legal assistance in relation to investment and divestment transactions concerning Italian companies. Furthermore, we assist these companies as investment and divestment targets.

Our professionals offer a distinctive combination of local insight, as well as global reach across Europe, Asia and the U.S., in developing innovative techniques to successfully structure complex domestic and cross-border transactions.

In 2019, Orrick Italy has been recognized by Mergermarket as the 2° most active international law firm in Italy, ranking in the top 10 in ltaly by M&A deal count . Moreover, in 2019 Orrick Italy is recognized by Refinitiv as the most active international law firm in Italy, ranking 3 for Mid-Market M&A deal number.

Orrick’s Italian lawyers regularly advise leading Italian and international companies in the development of their business in Italy. Specifically, we provide assistance on governance structures, shareholders’ agreements, corporate contracts and day-by-day assistance.

Corporate Governance, Compliance programs and Privacy

Our Italian team truly embodies the innovation mindset that is a key value to Orrick globally. We have developed cutting-edge technology-based services in order to provide our clients with assistance on all their governance, risk management and compliance needs. With a truly integrated approach, we helped +130 companies and financial institutions. on the design, implementation and maintenance of compliance programs to prevent corporate crimes (Legislative Decree 231). Furthermore, our lawyers have developed effective legal solutions to help dozens of clients address privacy and data protection compliance requirements according to the GDPR.

In a constantly evolving ecosystem, our team has gained specific expertise on data privacy, supporting clients in handling cyber incidents across industry sectors, and conducting analysis on compliance of apps managing personal data. We developed an in-house first-of-its-kind AI-powered tool supporting DPOs in the planning and implementation of their duties. Our lawyers routinely act as Data Protection Officer or supports DPOs in the effective application of laws protecting individuals’ personal data.

Orrick Italy has an extensive experience developing and enhancing global anti-bribery policies, conducting risk assessments and developing controls to detect and prevent corruption. Our team has been engaged by Italian companies running their business throughout the world to develop compliance programs also addressing FCPA and UK Bribery-related risks. Our team members serve as Chairpersons or members of around 70 internal supervisory body.

Banking & Finance

With +40 lawyers, Orrick has a prolific Finance department, focused on highly sophisticated transactions in the banking and finance industry. We assist major banks, funds and large corporate in securitisation, covered bonds and NPEs, debt capital markets, acquisition finance, project finance and PPP.

Our professionals pioneered the financial legal business in Italy and are experienced on the most innovative and ground-breaking transactions.

We are recognized in the market for our expertise and client-focused approach and regularly act on the biggest and most high-profile deals. We also provide our clients with bespoke advisory assistance on a wide range of products and areas in the banking and finance industry.

The team includes English and US qualified lawyers who are based in Italy, speak fluent Italian and are able to advise our Italian clients on international products as well as help steer our international clients through the Italian market. We also offer in-house expertise in regulatory and taxation aspects allowing us to address our clients’ needs on a 360° basis.

Energy & Infrastructure

Energy is a core sector focus of Orrick globally and this is reflected in the depth of our practice in Italy. Our team is at the forefront of the Italian Energy & Renewables market. We represent sponsors, investors and energy operators, as well as large banks that are routinely active in energy sector financings.

Our lawyers provide clients with assistance in the following areas:

  • M&A and JV agreements within the renewable energy market (with a specific expertise on solar and wind), including through growing private equity investment.
  • Financing/refinancing of existing renewable energy portfolios (bonds or long-term loans)
  • Project development: we are heavily involved in the development of unsubsidised projects, assisting clients on all aspects (including with respect to regulatory and project contracts)
  • Green bonds

We are routinely involved to design and implement market-first transactions. In 2019, we acted on the first-of-its-kind securitization of performing and non-performing energy credits, on the first ever financing of a photovoltaic plant not supported by state subsidies in Italy and on the first public lighting greenfield project bond in Italy.

Technology & Innovation

As one of the most active global law firms serving technology leaders, Orrick offers a comprehensive platform for the tech community – from the most innovative disruptors to multinational leaders.

Our Italian Tech team advises on the most innovative transactions in the market and helps Italian and foreign companies at all stages of growth. Our lawyers represent many successful tech entrepreneurs, start-ups with new technology platforms, VC funds investing into tech companies, and major banks, telecoms, infrastructure and insurance companies with tech needs. We provide cross-jurisdictional assistance on early and late-stage financings, flips and mergers and acquisitions, and we advise venture capital firms in their investments and exits.

Our tech lawyers are recognized for their business acumen, and the deep knowledge of innovative financial products and business strategies

We advise FinTech operators on structuring and implementing new technologies for contracts and remote operations for the subscription of financial services, peer-to-peer payment platforms, instant-payment related services, robo-advisory services, lending and crowdfunding platforms for individuals and SMEs, wealth and asset management services, information services on customer accounts.

Photo Name Position Profile
 Alessandro De Nicola photo Alessandro De Nicola Senior Partner
 Andrea Gentili photo Andrea Gentili Of Counsel
 Pietro Merlino photo Pietro Merlino Partner, Head of the Italian Antitrust & Competition practice group
 Carlo Montella photo Carlo Montella Partner, Deputy Business Unit Leader of the Energy and Infrastructure practice
English (fluent)