Allen & Overy has lost its Turin office, after its final partner in the city Carlo Pavesio left the firm to set up his own boutique.
The new firm, Pavesio & Associati, opens for business in January next year and will be allied with A&O, despite being financially independent.
A&O senior partner Guy Beringer said in a statement: “Carlo Pavesio will continue to be invited to attend our partner meetings and his business will have full access to our know how, training and meeting rooms abroad. I am particularly pleased that we could devise a structure that allows the Turin office to continue to build on its successful practice.”
Pavesio said: “It presents the Turin office an opportunity to grow based in a city in which I firmly believe and where the clientele needs a very personalised relationship combined with the extraordinary coverage of Allen & Overy’s global network.”
Pavesio specializes in corporate and antitrust matters and became A&O’s sole partner in Turin after Guido Brosio announced his retirement in June this year.
Pavesio has been a partner at A&O since 1998, joining when the firm launched in Italy through its merger with Brosio Casati & Associati.
A&O had begun to grow in Italy this summer, to recover from departures suffered since corporate star Roberto Casati left to join US firm Cleary Gottlieb Steen & Hamilton in 2004.
In June, A&O lured M&A partner Giovanni Gazzaniga from Gianni Origoni Grippo & Partners.
Pavesio and Italy managing partner Massimiliano Danusso could not be immediately reached for comment.