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Pirola Pennuto Zei & Associati

Italy

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Quick facts
Number of advisers

600

Languages

Arabic, Chinese, English, French, German, Hebrew, Italian, Portuguese, Spanish

Key practice areas
General corporate tax
Indirect tax
Private client
Tax
Tax controversy
Transactional tax
Transfer pricing
Firm overview

Pirola Pennuto Zei & Associati was established in the 1970s as a partnership by a group of specialists. The firm provides tax and legal services to medium and large-sized companies and multinational groups and has continually sought to reinforce its multidisciplinary approach by creating specialized centres of excellence.

Along with ten offices in Italy, the firm has independent offices in London, in Beijing, Shanghai and Hong Kong and an Indian Desk.

Pirola Pennuto Zei & Associati has more than 600 professionals, many of whom participated in some of Italy's most significant corporate and financing operations over the past decade.

The firm provides top quality services, combining the trust relationship between the professional and the client with organizational skills.

Pirola Pennuto Zei & Associati advises many of Italy's leading corporations and several major Italian banks, both domestically and abroad. The representation of foreign clients both in Italy and internationally constitutes a significant part of the firm's practice.

The firm's services cover tax and legal matters such as:

  • Domestic and International Tax Compliance and Planning
  • Transfer Pricing
  • VAT
  • Tax
  • Legal and Regulatory Advisory Services to Companies in the Banking and Financial Services Sector
  • Tax Assistance for Expatriates and Individuals
  • IT Law and Copyright
  • Labour Law
  • Business Law
  • Mergers & Acquisitions
  • Private Equity
  • Tax Litigation
  • Litigation
  • Antitrust and European Law
  • Media Entertainment and Telecommunications
  • Energy and Environmental Law
  • Real Estate
  • Privacy and Information Protection
  • Corporate Finance Services
Key practice areas

Corporate Tax Matters:

  • Restructuring
  • Cost-sharing Arrangements
  • APAs
  • Transactions
  • M&A
  • Financial Services
  • Corporate Taxes

Dispute Resolution:

  • Audit Defense
  • Audit Support
  • Competition/Anti-trust Cases
  • Dispute Resolution
  • Pre-litigation
  • Litigation
  • Arbitration
  • Controversy Management

Tax Advisory:

  • Tax Consulting
  • International Tax Advisory

Indirect Tax:

  • VAT

Transfer pricing:

  • Controversy Management
Sector expertise
  • Consumer Goods and Largescale Retail Distribution
  • Financial Products and Services
  • Automotive
  • Technology and Telecommunications
  • Energy and Utilities
  • Fashion 
  • Pharmaceuticals
  • Food and Beverage 
Key practice contacts

Corporate Tax
Stefano Tronconi, Partner – Milan
stefano.tronconi@studiopirola.com
 
Mergers & Acquisition
Massimo Di Terlizzi, Partner – Milan
massimo.diterlizzi@studiopirola.com
 
Transfer Pricing
Luca Occhetta, Partner – Milan
luca.occhetta@studiopirola.com
 
Expatriates Tax Consultant
Luca Valdameri, Partner – Milan
luca.valdameri@studiopirola.com
 
VAT
Fabio Oneglia,  Partner – Milan
Fabio.Oneglia@studiopirola.com

Insurance
Marcello Romano, Partner – Rome
marcello.romano@studiopirola.com
 
Finance
Lorenzo Banfi, Partner – Milan
lorenzo.banfi@studiopirola.com
 
Real Estate
Francesco Mantegazza, Partner – Milan
francesco.mantegazza@studiopirola.com

Other offices

ROME
Viale Castro Pretorio, 122
Rome, 00185
Tel: +39 06 570281
 
PADUA
Corso Milano, 26
Padua, 35139
Tel: +39 049 8249411
 
TURIN
Via Antonio Bertola, 34
Turin, 10122
Tel: +39 011 5743611
 
BOLOGNA
Via delle Lame, 109
Bologna, 40122
Tel: +39 051 526711
 
VERONA
Via Belgio, 12
Verona, 37135
Tel: +39 045 8092511
 
NAPLES
Riviera di Chiaia, 256
Naples, 80121
Tel: +39 081 0150601
 
BRESCIA
Via Cefalonia, 70
Brescia, 25124
Tel: +39 030 2219611
 
PARMA
Via Mentana 27
Parma, 43100
Tel: +39 0521 271254
 
FLORENCE
Viale Don Minzoni, 1
Florence, 50129
Tel: +39 055 5326811

Address:
Via Vittor Pisani, 20
Milan, 20161
Tel:+39 02 669951 Email:Contact Us Web Address:https://pirolapennutozei.it/
2026 Edition
General corporate tax
Tier 2
56 firms ranked
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Tier 1

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Tier 2

A&O Shearman
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Ashurst Perkins Coie
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Bird & Bird
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DLA Piper
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Dentons
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Di Tanno Associati
7 practice areas
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EY
7 practice areas
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Freshfields
5 practice areas
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Gatti Pavesi Bianchi Ludovici
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Pirola Pennuto Zei & Associati
7 practice areas
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PwC TLS Avvocati & Commercialisti
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Tax Bridge STP
4 practice areas
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Valente Associati GEB Partners / Crowe Valente
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Tier 3

Belluzzo International Partners
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CMS Adonnino Ascoli & Cavasola Scamoni
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De Berti Jacchia Franchini Forlani
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Eptalex Garzia Gasperi & Partners
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Escalar & Associati
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Fantozzi & Associati Studio Legale Tributario
3 practice areas
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Hager & Partners
7 practice areas
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LED Taxand
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Legance – Avvocati Associati
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Lipani Legal & Tax
3 practice areas
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McDermott Will & Schulte
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Nctm Studio Legale
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Pavia e Ansaldo
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Studio Legale e Tributario Biscozzi Nobili & Partners
7 practice areas
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Studio Tributario Tognolo
4 practice areas
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WTS R&A Studio Tributario
7 practice areas
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Tier 4

Bernoni Grant Thornton
3 practice areas
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Cleary Gottlieb Steen & Hamilton
2 practice areas
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FIVERS Studio Legale e Tributario
3 practice areas
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Gianni Origoni Grippo Cappelli & Partners
3 practice areas
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Hogan Lovells Cadwalader
5 practice areas
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LifeCapital
3 practice areas
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Loconte & Partners
6 practice areas
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Tier 5

CBA Studio Legale & Tributario
2 practice areas
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Caravati Pagani
7 practice areas
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Giovannelli & Associati
2 practice areas
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Gitti and Partners - Studio Legale Associato
2 practice areas
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Jones Day
2 practice areas
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Paul Hastings
2 practice areas
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Bureau Plattner
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Masotti Cassella
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Tax controversy
Tier 3
30 firms ranked
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Tier 1

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7 practice areas
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Tier 2

A&O Shearman
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Ashurst Perkins Coie
4 practice areas
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7 practice areas
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Bird & Bird
5 practice areas
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Chiomenti
7 practice areas
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Clifford Chance
7 practice areas
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DLA Piper
7 practice areas
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De Berti Jacchia Franchini Forlani
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Dentons
6 practice areas
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Di Tanno Associati
7 practice areas
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Freshfields
5 practice areas
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Gatti Pavesi Bianchi Ludovici
7 practice areas
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Studio Tributario e Societario Deloitte | STS Deloitte
7 practice areas
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Tax Bridge STP
4 practice areas
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Valente Associati GEB Partners / Crowe Valente
7 practice areas
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Tier 3

Belluzzo International Partners
7 practice areas
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Gianni Origoni Grippo Cappelli & Partners
3 practice areas
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LED Taxand
7 practice areas
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McDermott Will & Schulte
7 practice areas
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Pirola Pennuto Zei & Associati
7 practice areas
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Studio Legale e Tributario Biscozzi Nobili & Partners
7 practice areas
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Studio Tributario Tognolo
4 practice areas
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WTS R&A Studio Tributario
7 practice areas
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Transactional tax
Tier 2
28 firms ranked
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Tier 1

A&O Shearman
7 practice areas
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Bonelli Erede Pappalardo Studio Legale
7 practice areas
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Chiomenti
7 practice areas
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EY
7 practice areas
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Maisto e Associati
7 practice areas
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Studio Tributario e Societario Deloitte | STS Deloitte
7 practice areas
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Tier 2

Andersen
7 practice areas
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Ashurst Perkins Coie
4 practice areas
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Baker McKenzie
7 practice areas
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Belluzzo International Partners
7 practice areas
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Bird & Bird
5 practice areas
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Caravati Pagani
7 practice areas
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Clifford Chance
7 practice areas
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DLA Piper
7 practice areas
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Dentons
6 practice areas
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Di Tanno Associati
7 practice areas
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Freshfields
5 practice areas
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Gatti Pavesi Bianchi Ludovici
7 practice areas
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Hager & Partners
7 practice areas
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LED Taxand
7 practice areas
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McDermott Will & Schulte
7 practice areas
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Pirola Pennuto Zei & Associati
7 practice areas
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PwC TLS Avvocati & Commercialisti
7 practice areas
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Valente Associati GEB Partners / Crowe Valente
7 practice areas
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Tier 3

Eptalex Garzia Gasperi & Partners
6 practice areas
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Studio Legale e Tributario Biscozzi Nobili & Partners
7 practice areas
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Tier 4

FIVERS Studio Legale e Tributario
3 practice areas
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Transfer pricing
Tier 3
40 firms ranked
View full list

Tier 1

Bonelli Erede Pappalardo Studio Legale
7 practice areas
View profile
EY
7 practice areas
View profile
Maisto e Associati
7 practice areas
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PwC TLS Avvocati & Commercialisti
7 practice areas
View profile
Studio Tributario e Societario Deloitte | STS Deloitte
7 practice areas
View full profile
Valente Associati GEB Partners / Crowe Valente
7 practice areas
View full profile

Tier 2

A&O Shearman
7 practice areas
View profile
Andersen
7 practice areas
View profile
Baker McKenzie
7 practice areas
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Bernoni Grant Thornton
3 practice areas
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Bird & Bird
5 practice areas
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DLA Piper
7 practice areas
View profile
De Berti Jacchia Franchini Forlani
7 practice areas
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Fantozzi & Associati Studio Legale Tributario
3 practice areas
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Freshfields
5 practice areas
View profile
Gatti Pavesi Bianchi Ludovici
7 practice areas
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Hager & Partners
7 practice areas
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LED Taxand
7 practice areas
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Tax Bridge STP
4 practice areas
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Tier 3

Belluzzo International Partners
7 practice areas
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Chiomenti
7 practice areas
View profile
Di Tanno Associati
7 practice areas
View profile
Legance – Avvocati Associati
3 practice areas
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Lipani Legal & Tax
3 practice areas
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McDermott Will & Schulte
7 practice areas
View profile
Nctm Studio Legale
3 practice areas
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Pirola Pennuto Zei & Associati
7 practice areas
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Studio Legale e Tributario Biscozzi Nobili & Partners
7 practice areas
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Studio Musselli
3 practice areas
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Studio Tributario Tognolo
4 practice areas
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Tremonti Partners
7 practice areas
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WTS R&A Studio Tributario
7 practice areas
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Tier 4

CMS Adonnino Ascoli & Cavasola Scamoni
3 practice areas
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LifeCapital
3 practice areas
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StudioTributarioTognolo
3 practice areas
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TPGS Transfer Pricing Global Solutions
3 practice areas
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Valdani Vicari & Associati
3 practice areas
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Other notable

Fava & Partners
3 practice areas
View profile
Overview

Pirola Pennuto Zei & Associati, founded in the 1970s, is one of Italy’s leading independent law firms, offering integrated tax and legal services to over 4,800 clients, including multinationals. With 600+ professionals across 10 Italian offices and independent offices in London and China, the firm specializes in M&A, real estate, finance, and cross-border transactions. Its strength lies in combining legal and tax expertise, supported by its corporate finance boutique, Pirola Corporate Finance. Equity Partner Nathalie Brazzelli leads the 460-strong tax team. 

During the research period, the firm assisted provided tax assistance to Bain Capital in the acquisition of F.I.S. Fabbrica Italiana Sintetici, following a long and competitive auction process.In addition, the team provided tax assistance to Fiber Bidco and Fiber Midco of Fedrigoni Group with the issuance of two bonds. 

Client Feedback 

“Pirola Pennuto Zei & Associati consistently demonstrates great professionalism, accuracy, and completeness in documentation.” 

“Their team provides highly proactive support and delivers services that not only meet expectations but also serve as a benchmark in the industry.”

Linked Reviews
Tax

Pirola Pennuto Zei & Associati was established in the 1970s as a partnership by a group of specialists. The firm provides tax and legal services to medium and large-sized companies and multinational groups and has continually sought to reinforce its multidisciplinary approach by creating specialised centres of excellence. The key types of work it provides include M&A, real estate transactions, due diligence, bank financing advisory and structured finance. The tax department has over 460 dedicated professionals, with equity partner Nathalie Brazzelli as the firm's leading individual.

According to case studies, the firm assisted Bain Capital in its acquisition of Fedrigoni. The team also assisted Fis - Fabbrica Italiana Sintetici with the issuing of a sustainability linked bond.

Client feedback

“Fundamental support in the preparation of the country file through careful verification of the information reported. Support in checking the alignment of the Master File with the country file.”

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