Carnelutti U-turns for shock US merger

Italy’s largest law firm Carnelutti has merged with US giant McDermott Will & Emery in a move that has sent shock-waves through the Italian legal market.

The deal, which was voted through in July and came into effect from 1 September, sees 22 Carnelutti partners become the local branch of Chicago-based McDermotts in the largest cross-border merger to hit the Italian market.

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