Fieldfisher: a new entry in the Italian market
Since its economic recovery, Italy has been able to attract foreign investment in some key sectors such as pharma and real estate, as well as in some of the country’s specialties like tourism, retail and fashion, and the food industry. In this climate of restored trust, international law firms are seeking opportunities to grow.
After the launch of Dentons last October, Fieldfisher is the second international firm to open in Italy in the past 12 months. The multinational law firm, headquartered in London, will open in Italy through a merger with local firm Studio Associato Servizi Professionali Integrati (SASPI).
The merger will take effect on 1 July and will bring 21 partners and offices in Milan, Rome, Venice and Turin.
SASPI has a number of tax accountants in its fee-earning roster alongside lawyers and offers its clients advice on some fast growing sectors such as banking, corporate, company secretarial, compliance and commercial, employment, data protection and tax law. These include big names like Apple, Amazon, BMW, Deutsche Post, Total and banking group Intesa Sanpaolo.
Italy is the first step in Fieldfisher’s planned expansion in Europe, unveiled when the firm announced its new three-year strategy earlier this month.
SASPI managing partner John Stewart said the merger was the next stage in developing the firm’s international presence: “Going forward we will look to grow our life sciences and IP and technology capabilities in Italy and to continue our growth of the last five years. We are looking to make Fieldfisher the largest law firm in Italy,” Stewart said.
* John Stewart, founding partner at SASPI and Michael Chissick, Fieldfisher managing partner in London.
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