Major development to both firms’ international networks
23 January 2006 – LAWFUEL – The Law News Network – International law firm Mayer, Brown, Rowe & Maw LLP and leading Italian law firm Studio Legale Tonucci are delighted to announce that they have entered into an alliance to ensure clients have access to top-tier legal services in key geographic business centres. This alliance establishes formalised cooperation, client development and referral arrangements between the two firms.
Studio Legale Tonucci has over 200 lawyers across its offices in Italy and Eastern Europe, serving clients across the continent.
There are a number of synergies between the two firms in terms of both legal advice provided and the clients with which the two law firms work. Areas of particular commonality for the two parties are large scale M&A activity in the banking and financial sector, as well as other corporate and commercial work, securitisation and structured finance advice and privatisation and other public financing work.
Both firms are well respected for their insurance and reinsurance practice and their advice in the employment, energy, competition and antitrust, intellectual property, real estate, tax and technology sectors. Together these will provide a strong platform for the ongoing cross-referral of work and joint business development initiatives and enable the two firms to work closely together across all areas of legal advice to clients.
Studio Legale Tonucci was recognised recently through its receipt of Rome’s “European Personality 2005” award for its accomplishments in the legal sector.
Debora de Hoyos, Managing Partner, Mayer, Brown, Rowe & Maw LLP, commented: “We are excited to work alongside Studio Legale Tonucci, an outstanding law firm and a natural complement to our European network.
Our clients are global, and they benefit from advisors who can serve them with consistent quality across core geographies. As the sixth largest economy in the world, Italy is the home of, and a critical market for, many of the world’s leading companies. By formalising our relationship with Studio Legale Tonucci, we provide a clearly defined referral platform for clients doing or looking to do business in and out of Italy and across Europe and the U.S.”
Mario Tonucci, Senior Partner, Studio Legale Tonucci, added: “Mayer, Brown, Rowe & Maw is a firm with enviable market reputation, partner expertise and global capabilities. We are eager to embark on this formalised relationship with one of the most respected international law firms in the world, to be able to offer our clients access to consistent high quality legal advice in key European and U.S. jurisdictions. We have been great friends with Mayer, Brown, Rowe & Maw for a number of years and I see this as a logical development for us.”
Ty Fahner, Chairman, Mayer, Brown, Rowe & Maw LLP, added: “This development clearly increases our European footprint, adding to Mayer, Brown, Rowe & Maw’s extensive network, including its operations in Europe, the US, and close ties into China and South America. This has been a clear objective since our combination in 2002. Italy is a highly competitive market with a number of global household names in the business world. It is dynamic and exciting to have a formalised relationship here, where all parties stand to gain.”