Linklaters gears up for Italy push

Linklaters is set to move to larger offices in Milan – a sign that the firm is about to embark on an aggressive expansion strategy in Italy. The magic circle firm signed a lease with property developer Tishman Speyer to rent a 2,600sq m space in the five-storey building on via Santa Margherita. It is understood that the rental agreement means that Linklaters will be pay an annual rent of between €1.2m (£808,740) and €1.4m (£943,530) – the equivalent of €450 (£303)-€550 (£371) per square metre. The space, which is in an office block that also houses Credit Suisse First Boston, has the capacity to hold up to 80 staff. The news follows Linklaters’ captures of Allen & Overy head of banking and finance for Italy Davide Mencacci along with two partners from Italian boutique Studio Legale Pedersoli e Associati.