4/03/08 FINANZA E MERCATI
Nunziante Magrone plays the card of the alliance with 4 big of Europe

“Nunziante Magrone” plays the card of the Alliance with 4 big of Europe

 

The law firm is entering into a strong network with “a few equals in the EU”, composed of 900 lawyers in 17 offices. A movement for “pointing to the Italian top ten”.
“There is only one couple of this kind of alliances in Europe.” That’s what Nunziante and Corrado Rosano, both partners of “Nunziante Magrone” and the operation’s liables, are summarizing the entrance of the Italian law firm into the international network composed by “Nabarro LLP” (Great Britain), “August & Debouzy” (France) and “GSK Stockmann & Kollegen” (Germany), and since yesterday, “Rodés Y Sala” (Spain) also. A “block” that in this way amounts to comprise about 900 attorneys in 5 jurisdictions with 17 offices. An army, exactly, with a few equals in the Continent. And so, while other Italian law firms are stepping off, and return to detach themselves from the foreign partners, “Nunziante Magrone” plays a card “whom to entrust the own dimensional bound”.

       “So, why searching right now the way to the alliances? “
       “This was included in the layouts since one year and a half ago, since we’ve defined the strategic plan to 5 years. Our law firm, founded in 1998, comprises 40 professionals (with head offices in Rome, Bologna and Milan). Although guaranteeing a high quality level , required the dimension and referential basin’s raising. “

       “What are you expecting of this strategy? “
       “We take a look in the matter of what happened to the French and German partners, aggregated to the network five years ago: they were a fourth of the currently dimension. So, at the end of 2008 we point to the 50 associate professionals. And we take a look at the winning post of the 100 in the upcoming years, with the purpose, in consequence, to get into the top ten of the Italian law firms.“

       “Any fear on ought stepping off? “
       “In fact, the alliances that ended  with the separation from the Italian law firms, have originated from a deep equivocal: the Anglo-Saxon groups gave the complete unification as a premise. Point that, vice-versa, didn’t exist in the DNA of the Italian partners. On the other hand, without the real fusion, there were just formal alliances, a sort of best friendship, wherein the activities were issued between friends. “

       “In your case, instead, which are the concrete implications?”
       “There is no equivocal in our alliance. We want to remain independent, but at the same time there will be a mutual support in various domains. Technologically, documents and models will be created and shared: for example, sanctioning the letters of intents or both of the diligence check lists. Concerning the know how plan, there are provided practice groups for granting comparisons between various law firms’ liable, or for tweaking training days. So, there will be a collaboration relating to the marketing plan, with common events, a sharing of target clients and associated meetings with the same clients. So, a development crucial card. Of course. This domain is by now a precocious market, in a highest competition. The time when the founder’s personal knowledge was enough, ended forever.”

   





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