Umberto Simonelli Silva – GC Powerlist
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Italy 2022

Industrials and real estate

Umberto Simonelli Silva

Chief legal and corporate affairs officer – board secretary | Brembo

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Italy 2022

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Umberto Simonelli Silva

Chief legal and corporate affairs officer – board secretary | Brembo

Team size: 18

How do you feel the pandemic has changed the world of work for in-house counsel and the function of the general counsel?

The work of the in-house legal department and general counsel has become more complex due to remote connections which gave rise to difficulties in communicating; lack of international business trips and more involvement in any legal consequences of the COVID.

What are the most significant cases or transactions that your legal team has recently been involved in?

We have been involved in two complex acquisitions in 2021 – one in Denmark and the second one between Spain and China. Moreover, we extended our presence in US, establishing the ‘Brembo inspiration lab’ in Palo Alto, California. We are currently involved in several global M&A projects and negotiations with major automotive OEM’s and sustainability governance.

What do you feel are the pros and cons of an in-house legal role compared to a private practice one?

The pros are way more than the cons. Firstly, the in-house counsel has a strong and lasting connection with the business and the managers. The long-term vision that characterises multinational companies increases and contributes to the motivation and engagement of people. On the other hand, private practice lawyers are more specialised. I believe that in the future there will be increasing cooperation between in-house and external lawyers relying on values of team building and success sharing.

Umberto Simonelli Silva - Italy 2023

Chief legal and corporate affairs officer – board secretary | Brembo

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