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Allen & Overy

A&O Italy loses corporate partner to bank

Author: Sofia Lind

Published: 12/05/2008 12:54

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Allen & Overy (A&O) has lost the former head of its Italian corporate department, with Paolo Cerina set to join Babcock & Brown.

The M&A partner spent his final day with the firm last Friday (9 May) and joins the Australian investment bank in Milan.

Cerina has been with A&O since the magic circle giant merged with Italian leader Brosio Casati e Associati in 1998. His broad corporate practice covers a range of cross-border transactional work.

Cerina was previously head of A&O’s Italian corporate practice until the post was abolished two years ago. The corporate group will continue to be overseen by a number of local partners.

Following the departure, A&O’s Italian corporate practice has six partners based across Rome and Milan. The firm has around 20 partners in Italy in total, 15 of whom practise in the Milan office.

The news continues a run of departures from A&O in Italy over the last 12 months, including head of tax Andrea Manganelli, who left at the end of last year.

Milan banking partners Davide Mencacci and Giancarlo Castorino also left last year, joining Linklaters and Italian firm Marena Bonvicini & Ludergnani respectively.

However, A&O did add the hire of Freshfields Bruckhaus Deringer Italy finance head Stefano Sennhauser in October.

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