Reasons For The Merger
The three-way merger was largely a result of market pressure during a period of rapid change in the Italian legal sector as international (mostly American and British) law firms such as Clifford Chance, and Shearman & Sterling actively sought to expand their existing operations, or open offices in Italy. The merger was essentially a flanking operation that forced foreign firms to concentrate their energies on mergers with smaller Italian firms or to acquire specific teams.
From the ninety lawyers that made up its firm, following the merger in 1999, Bonelli Erede Pappalardo has increased its number of lawyers to the present three hundred. This has permitted the Firm to offer its clients complete legal services and to advise on the most important transactions in Italy, which included the takeover of Telecom Italia by Olivetti in 1999, one of the largest hostile takeovers in Europe. Moreover, Bonelli Erede Pappalardo is considered a top ranking firm in almost all practice areas by the most important international Legal Directories.
The firm is managed by a Board of Directors that is made up of 6 partners, including the Managing Partner, Alberto Saravalle, who was nominated in 2007. His predecessors were Giovanni Domenichini (2001–2007). (1999–2001), and Umberto Nicodano
Read more about this topic: Bonelli Erede Pappalardo
Famous quotes containing the words reasons for and/or reasons:
“The source of Pyrrhonism comes from failing to distinguish between a demonstration, a proof and a probability. A demonstration supposes that the contradictory idea is impossible; a proof of fact is where all the reasons lead to belief, without there being any pretext for doubt; a probability is where the reasons for belief are stronger than those for doubting.”
—Andrew Michael Ramsay (1686–1743)
“With no matter what human being, taken individually, I always find reasons for concluding that sorrow and misfortune do not suit him; either because he seems too mediocre for anything so great, or, on the contrary, too precious to be destroyed.”
—Simone Weil (1909–1943)