White & Case is to re-open its Milan office as it turns the tables on traditional foe Latham & Watkins with the hire of two of its London partners.
The international firm has appointed Michael Immordino and Jonathan Clark as partners in its global capital markets practice with immediate effect.
Clark, previously a partner at White & Case from 1996 to 2004, will rejoin the firm’s London office while Immordino will split his time between London and the new Milan office, strengthening the firm’s capital markets and M&A offering across Europe, the Middle East and Africa.
The firm has previously had offices in both Rome and Milan, with Milan closing most recently in 2008. Immordino’s hire is understood to underpin its strategy for the relaunch, focusing on capital markets, M&A and bank finance.
Described as a rainmaker within the Italian market, sources close to the firm estimate that Immordino will bring across a portfolio of client work worth between $10-24m a year.
Immordino’s practice focuses on equity and debt capital markets and M&A on behalf of leading European corporates, international investment banks and private equity firms.
Clark has a track record of corporate finance and securities transactions, having represented issuers and investors in dozens of cross-border debt private placements.
White & Case London executive partner Oliver Brettle said: “We saw with Michael a great opportunity to help build up a focused, high-level practice within Italy and also reaching out into other markets. We have great expectations of him and the practice.”
The two hires represent a turning of the tables for White & Case, who lost 13 partners to Latham early last year (8 February 2010).