Hammonds Rossotto and Hammonds have signed a new agreement to extend the firms’ alliance.
The five-year deal continues an initial affiliation where Italian-based Hammonds Rossotto is part of the Hammonds international network and can use the top 20 UK firm’s brand name.
The agreement, which will be enforced this month, will see the four-partner firm – based in Milan, Rome and Turin – remain independent from Hammonds, as it has done for the last five years.
Hammonds agreed a merger with Turin-based Rossotto e Associati in 2002, subject to a three-year transitionary period. In May 2005, however, full integration was delayed due to a massive gulf in the profitability of Hammonds' UK and Italian offices.
The deal comes on the day that The Lawyer revealed Hammonds' construction partner Julia Court had resigned, her colleague Rupert Cowen was suspended pending a disciplinary hearing and two emergency promotions were made to strengthen its depleted Brussels office.