In one of the largest, mass departures in Europe recently 21 lawyers from Orrick Herrington & Sutcliffe in Italy have left the firm to set up their own boutique.
The new firm is intended to be a legal and financial consultancy, Green Horse Legal Advisory, which will be focused on the energy sector.
All the attorneys in the group were part of Californian-based Orrick\’s Italian energy and infrastructure team. The firm has over $1 billion in revenues and employs over 1000 lawyers across its global network, focused on tech, energy
Orrick said in a statement that it was grateful to the group and keen to collaborate with them in the future.