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Mediobanca’s traditional Italian law firm Studio Legale D’Urso is close to finalising a merger in Milan as a precursor to investigating the possibility of a closer international alliance.
Carlo D’Urso’s respected M&A and corporate finance boutique is in talks with another Milan firm, Munari Gatti e Associati. D’Urso, which is not structured as a partnership, has around 10 lawyers in Milan and three in Rome, while Munari Gatti is slightly smaller.
D’Urso is very close to Mediobanca and has also advised Lehman Brothers and De Agostini. Munari Gatti is known for its close ties with the businesses of Italian Prime Minister Silvio Berlusconi, advising companies in the Berlusconi Group such as Mondadori and Publitalia.
The merger is likely to push the firms up the list of targets for UK and US firms eager to break into Italy. D’Urso spokesperson Giangiacomo Attolico told The Lawyer: “We both feel there’s a need in the market for other good Italian firms… If you’re a bigger fish you can open yourself to possibilities with international firms. At the moment, we’re considering whether both our structures can sit together.”
He said the firms may opt to continue pursuing several international relationships – a strategy that is proving highly successful for merged outfit Bonelli Erede Pappalardo, which has shot to the top tier of Italian firms.