Italian independent Grimaldi e Associati is to dissolve at the end of the year, with the fate of its 60 lawyers and 40 staff unknown.
The dissolution, which according to Italian media reports was voted for by partners at a recent emergency meeting, follows the recent departure of partner Roberto Cappelli to Gianni Origoni Grippo & Partners with a team of 10 associates (8 November 2011).
A spokesperson for Grimaldi confirmed the dissolution. Managing partner Vittorio Grimaldi did not return calls for comment.
Grimaldi e Associati was one of Italy’s larger independent firms, with 17 partners and an estimated 2010 turnover of €27m (£22.8m), according to The Lawyer European 100.
The firm was set up in 2002 after an acrimonious split from association partner Clifford Chance, with Vittorio Grimaldi, four partners and a group of 26 lawyers defecting from the magic circle firm.