The managing partner of Turin-based Bin Avvocati Associati will set up his own corporate boutique, taking three Bin Avvocati partners with him.
Fabio Alberto Regoli, who was at Allen & Overy (A&O) before he became Bin’s first managing partner in 2004, will set up his own independent firm to go head-to-head with his former A&O colleagues at Pavesio e Associati.
The announcement ends earlier market speculation that Regoli and fellow-Bin Avvocati public law partner Carlo Merani, who leaves Bin Avvocati with him, would join Pavesio, which amicably split from A&O at the end of October.
Regoli told The Lawyer: “I can see the rationale behind that speculation. We are from the same background, we have the same mission. But we want to be much more innovative. We were never prepared to be in someone else’s law firm.”
Regoli’s new firm will go live on 1 January operating under the name Regoli Merani e Associati. It will concentrate on serving mid-sized Italian corporates from offices in Milan and Turin.
In addition to Merani and two other Bin Avvocati partners who specialise in employment law and administrative/public law, Regoli is confident that his clients will also follow him. They include car component manufacturer Magnetto and a subsidiary of Suez, Elyo.
Regoli is hoping to sign one more partner in 2007.
“We will be a transparent firm, everyone will be involved in what happens,” pledged Regoli. “We will try to attract the best people, in terms of languages and academic qualifications.”
Bin Avvocati, meanwhile, will be left without a managing partner and with six remaining partners, who will concentrate on employment law. No new managing partner has been announced and senior partner Marino Bin will assume sole leadership of the firm, said Regoli.