Double-digit turnover outstrips Labruna’s first-year target

Labruna Mazziotti Segni’s revenue has hit the €10m (£6.73m) mark in its first year, smashing the founding partners’ original turnover projections.

The firm began trading in February last year after four partners and 20 associates left Gianni Origoni Grippo to set up the firm.

Co-founding partner Fabio Labruna said: “In terms of the number of lawyers we’ve doubled our size. In terms of revenue we’ve made 60-70 per cent more than the budget.”

The firm now has 11 partners and more than 50 lawyers spread between Milan and Rome. Five new partners were made up in Labruna’s first round of promotions, boosting the corporate department by four partners and litigation by one.

Labruna said he did not expect the firm to grow at the rate seen in 2006 over the next 12 months. “We’ll consolidate this year. There may be one or two areas where we can strengthen the capability, but we’ll further establish the firm,” he said.

Labruna has used the contacts built up while at Gianni to work on a number of large corporate deals. Antonio Segni has been advising publishing company RCS MediaGroup on the €1.1bn (£740.76m) acquisition of Spanish media group Recoletos Grupo de Comunicación.

Segni, who was head of capital markets at Gianni, also advised the board of Telecom Italia on the possible €35bn (£23.57bn) sell-off of mobile arm TIM.