Bonelli Erede Pappalardo
| File:Bonelli Erede Pappalardo logo.jpg | |
| Headquarters | Milan, Italy |
|---|---|
| No. of offices | Five |
| No. of lawyers | Approximately 253 [1] |
| Major practice areas | General practice |
| Revenue | €130 million[1] |
| Date founded | 1999 (Milan, Genoa and Brussels) |
| Company type | Associazione tra professionisti |
| Website | www.beplex.com |
Bonelli Erede Pappalardo is a leading Italian law firm. It was formed in 1999 when the Genoa-based Bonelli e Associati merged with the Milan-based Erede e Associati and the Brussels-based Pappalardo e Associati.
The Firm currently has over 300 lawyers with offices in Milan, Genoa, Rome, Brussels, and London. It offers a full range of legal services in the following areas: corporate law, banking and finance, tax, EU and national antitrust/competition issues, energy, real estate, intellectual property, administrative law, national and international litigation and arbitration, and labour/employment.
Legacy Firms
Bonelli e Associati was founded in 1996 by Franco Bonelli,[2] an eminent attorney specialising in M&A and Litigation and Professor of Corporate Law at the University of Genoa.
Erede e Associati, founded in 1995, was led by Sergio Erede,[3] a graduate of the University of Milan and Harvard Law School. He had been previously associated with Sullivan & Cromwell and Hale & Dorr, now known as WilmerHale.
Pappalardo e Associati was founded in 1992 by Aurelio Pappalardo,[4] a graduate of the Università Cattolica del Sacro Cuore and the University of Chicago, who had previously worked at the Milan office of Jones Day. Pappalardo also spent twenty-six years at the European Commission where he worked in a variety of roles including Head of Department and General Director of Competition, where he was, among other things, responsible for applying competition law and regulations to publicly held entities.
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.[5] 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,[6][7] who was nominated in 2007. His predecessors were Giovanni Domenichini (2001–2007).[8] (1999–2001), and Umberto Nicodano[9]
Charting its own course
Bonelli enhanced its profitability with several high profile lateral hires from the Italian desks of the London offices of firms like Clifford Chance and Allen & Overy. In 2006, the firm exceeded 100 million Euro in annual revenues.[10]
Bonelli Erede Pappalardo cooperates, on a non-exclusive basis, with the ‘Best Friends’ group of European law firms which includes Slaughter and May in the UK; Bredin Prat in France; Hengeler Mueller in Germany; and Uría Menéndez in Spain.
The firm also has relationships with a wide number of major law firms worldwide and has worked with US firms such as Cravath, Swaine & Moore, Sullivan & Cromwell, Shearman & Sterling, Simpson Thacher & Bartlett, Davis Polk & Wardwell, Squire Patton Boggs, Wachtell, Lipton, Rosen & Katz, and Milbank, Tweed, Hadley & McCloy.
Notable transactions
- Restructuring of Alitalia S.p.A. and subsequent acquisition by CAI (Compagnia Aerea Italiana S.p.A.) (2008) [11]
- Takeover of Endesa by ENEL and Acciona (2007)[12]
- Acquisition of Valentino Fashion Group by Permira (2007) [13]
- Acquisition of Cassa di Risparmio di Parma e Piacenza S.p.A., Banca Popolare FriulAdria S.p.A., and 193 bank branches operated by Banca Intesa S.p.A., by Crédit Agricole (2006) [14]
- Takeover of Banca Nazionale del Lavoro by BNP Paribas (2006) [15]
- Acquisition of Gtech by Lottomatica (2006) [16]
- Acquisition of Banca Antonveneta by ABN Amro (2005) [17]
- Acquisition of Aprilia S.p.A. by Piaggio & Co, S.p.A (2004–2005) [18]
References
- ↑ 1.0 1.1 http://www.ilsole24ore.com/art/finanza-e-mercati/2010-09-21/unicredit-studio-bonelli-erede-pappalardo-223512.shtml. Missing or empty
|title=(help) - ↑ ‘Biography of Franco Bonelli’ http://www.beplex.com/avvocati_fondatore.asp?lingua=eng&id=17
- ↑ ‘Biography of Sergio Erede’ http://www.beplex.com/avvocati_fondatore.asp?lingua=eng&id=158
- ↑ ‘Biography of Aurelio Pappalardo’ http://www.beplex.com/avvocati_fondatore.asp?lingua=eng&id=173
- ↑ "Three top Italian firms merge to fight UK and US predators", The Lawyer, 1999.
- ↑ ‘Biography of Alberto Saravalle’ http://www.beplex.com/avvocati_associato.asp?lingua=eng&id=178
- ↑ The Lawyer (2007) 'Bonelli: Alberto Saravalle' http://www.thelawyer.com/cgi-bin/item.cgi?id=130015\
- ↑ ‘Biography of Giovanni Domenichini’ http://www.beplex.com/avvocati_associato.asp?lingua=eng&id=157
- ↑ ‘Biography of Umberto Nicodano’ http://www.beplex.com/avvocati_associato.asp?lingua=eng&id=169
- ↑ "Bonelli smashes EUR 100m revenue ceiling", The Lawyer, 2006.
- ↑ ‘ALITALIA press room’ http://corporate.alitalia.com/en/press/press/index.aspx
- ↑ ‘ENEL press room’ http://www.enel.it/azienda/en/investor_relations/comunicati/?anno_selezionato=2007&anno_iniziale=2008&anno_finale=2002
- ↑ ‘PERMIRA press room’ http://www.permira.com/permira/en/pressrelease.jsp?id=31052
- ↑ ‘CREDIT AGRICOLE press room’ http://www.credit-agricole.com/banking-:-account-bank-and-business-banking-171/press-releases-195/financial-press-releases-202/credit-agricole-s.a.-acquires-654-branch-retail-network-in-italy-2352.html
- ↑ ‘BNP Paribas press room’ http://www.bnpparibas.com/en/journalists/news.asp?AnnArc=2006&TriArc=2
- ↑ ‘LOTTOMATICA press room’ http://www.gruppolottomatica.it/eng/press/comunicati/investor/
- ↑ ‘ABN AMRO press room’ http://www.group.abnamro.com/pressroom/pressreleases.cfm?language=language-en&Year=2005&ReleasesType=&PageNum=2
- ↑ ‘IMMSI press room’ http://www.immsi.it/inv_rel/comunicazioni.aspx?cat=5&subCat=189
External links
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