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Iberian firm Cuatrecasas Gonçalves Pereira has moved into empty London office space rented by French ally Gide Loyrette Nouel, as the development of the firms’ non-exclusive alliance progresses.
Cuatrecasas has joined Gide and Italian ally Chiomenti in 125 Old Broad Street, taking space on the fourteenth floor. Chiomenti moved into the fifteenth floor last year (7 February 2013) from its former London offices in Mayfair.
The Iberian firm previously ran its London office out of Tower 42, but CEO Rafael Fontana told The Lawyer Cuatrecasas had shifted its base - led by corporate partner Antonio Baena (26 June 2013) - last month.
Gide has rented the thirteenth to fifteenth floors of the building for many years, having originally intended to expand to fill the three floors. There are a number of other legal occupiers of 125 Old Broad Street, including King & Spalding, Canadian firm McCarthy Tetrault, and Slaughter and May’s Spanish best friend Uría Menéndez.
Fontana added that the firms were also planning to share office space in Shanghai and Brussels. The fourth member of the alliance, Germany’s Gleiss Lutz, is not present in London or Shanghai but does have a Brussels office.
According to Fontana sharing office space would help the firms to strengthen both client relationships and the relationships with each other.
The quartet first entered into the alliance in 2012 (26 November 2012). The group follows a similar model to Slaughters’ best friends network, which has seen a number of office-sharing arrangements - including between Italy’s Bonelli Erede Pappalardo and Germany’s Hengeler Mueller in London (18 October 2006).