Last year’s high-profile Gianni exodus underlined the mounting tension between Italy’s select band of elder rainmakers and the new generation of talent. Dominic Carman reports on the battle of ideas raging within the profession
“I do not think there is room in the Italian market for new independent, full-service law firms – there is a sufficient number already.” When Francesco Gianni said this 18 months ago, he was at pains to add: “If you change your partnership agreement to reduce competition between partners in terms of profits, you create a more stable firm.”
