Founder’s departure causes Italian merger

Italian firm Camozzi & Bonissoni has merged with Italian corporate finance boutique Varrenti Avvocati Associati, creating one of the largest firms in Italy.

Named Camozzi Bonissoni Varrenti & Associati, the new firm will have more than 150 fee earners.

The move follows a breakaway by name partner Alessandro Varrenti, ex-managing partner for White & Case in Italy, from fellow name partners Fabio Bassan and Maurizio Lenzi at Varrenti Bassan Lenzi & Associati in September (first reported by The Lawyer 18 September 2006).

The split resulted from disagreement over the strategic direction of the firm. Speaking to The Lawyer at the time, Varrenti said he has been looking to integrate his practice with a large Italian firm since he demerged his firm from White & Case in 2004.

In a statement on the recent merger, Varrenti said: “My partners and I have considered this kind of opportunity for some time . Having worked with Camozzi & Bonissoni on many cases including Kone, Enelpower and Toyota Motor Italia we know that the relationship works.”

The merger will provide Varrenti with the critical mass to go head-to-head with the biggest Italian firms. For Camozzi, it adds additional strength in M&A, private equity, capital markets, real estate and public utilities.

In a statement, Camozzi name partner Angelo Bonissoni commented: “We have always believed that we should grow and become truly international. Having worked closely with Alex and his team over the years we have the greatest respect for the business he and his team have built.”