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Italian firm Labruna Mazziotti Segni has been hit by the news that three partners, including two founders, are quitting the firm with a team of lawyers in the New Year.
Rome-based corporate partners Antonio Segni, Andrea Mazziotti di Celso and Federico Vermicelli will all leave the firm, taking a “group of professionals” on 1 January, the firm said.
The group is joining fellow Italian corporate boutique Lombardi Molinari e Associati, which was set up by a team from Pedersoli e Associati in 2004. According to Italian press reports Lombardi Molinari will add ’Segni’ to its branding as a result of the hires.
Lombardi Molinari does not currently have an office in Rome.
Labruna Mazziotti is left with around 40 lawyers in its Milan and Rome offices, including founder Fabio Labruna. Labruna, Segni and Mazzotti di Celso launched the firm in 2006 alongside Aldo Palumbo and a team of 20 associates from Gianni Origoni Grippo & Partners (6 February 2006). The firm later expanded with hires from Clifford Chance and Linklaters (14 August 2006) and more recently Bonelli Erede Pappalardo and Skadden Arps Slate Meagher & Flom (6 June 2011).
In a statement Segni said the growth of Labruna Mazziotti was a source of pride for the founding partners.
It is understood the departures are on amicable terms.