Lorenzo Parola is the Founding and Managing Partner of Parola Associati – Società tra Avvocati a r.l. Mr Parola is both admitted to the Italian Supreme Court (Corte di Cassazione) and as a Solicitor of England and Wales. He is one of the leading energy transition and energy technology lawyers in Italy, having been involved in some of the most complex and “first of a kind” transactions in the sector.

Mr Parola advises infrastructure funds, utilities, and oil majors in domestic and cross-border M&A transactions in the renewables, power, oil & gas, energy transition, and circular economy sectors. He has a substantial track-record on permitting, contractual, and regulatory issues related to the development of energy infrastructures, including renewables and CCGT plants, interconnectors, LNG regasification terminals, and gas storages. He is recognized an unparalleled expertise in industry specialty contracts such as PPAs, tolling arrangements, take-or-pay GSAs and LNG SPAs, pipeline transportation agreements, EPC contracts, energy efficiency contracts, physical and financial energy trading, including CO2, blockchain, and smart contracts. He is regularly instructed, either as counsel or arbitrator, in the context of national and international arbitrations pertaining to gas sales agreements and in the construction sector.

He is a Visiting Professor at various masters and advanced university courses (LLM in Law of Internet Technology of Bocconi University, Master in Energy Management (MEM) of Business School Polytechnic of Milan, II Level Master in Energy Efficiency and Industrial Sustainability – Master di II livello in Efficienza Energetica e Sostenibilità nell’Industria of Turin Polytechnic). Together with Public Affairs Advisors and Ref-e, he founded the Italian PPA Committee and, subsequently, the E-Innovation Committee, networks dedicated to, respectively, grid parity power and energy transition, which gathered more than 60 members including energy producers, traders, final clients, and financial institutions. He contributed to the drafting of the “Guidelines for an Italian strategy of methane emissions reduction in the natural gas supply chain” (“Indirizzo per una strategia italiana sulle emissioni di metano nella filiera del gas naturale”) promoted by Amici della Terra in cooperation with Environmental Defence Fund (EDF).

He is a member of the Board of Directors and Chairman of the Sustainable Value Creation Committee at Italgas S.p.A. (the listed utility that is the largest Italian gas distribution company). He is actively devoted to pro bono projects in favour of his own Community, with a focus on teaching legal literacy and fighting cyber-bullying in secondary schools.

• Recognized as a leading expert by various international industry publications such as Chambers Europe (Band 1), Legal500 (Hall of Fame and Leading Individual), Who’s Who Legal Energy (Recommended), Business Today Top 10 Influential Italian Energy & Natural Resources Lawyers, Energy and Environment Expert Guides (Top Practitioner), LegalCommunity (Star Individual), Milano Finanza Super Lawyers (2022 Elite Corporate Lawyer),  TopLegal (Band 1 M&A, Band 2 Finance and Project Finance, Band 2 Public Law and Regulatory), Thomson Reuters Stand-out Lawyers, Global Law Experts (M&A and Energy Lawyer of the Year), The Best Lawyers in Italy, Acritas Star Lawyer.
• Only Italian lawyer ever appointed five times as Energy Lawyer of the Year (2014, 2016, 2017, 2020 and 2023), four times as M&A Lawyer of the Year (2018, 2019, 2021 and 2024), twice Oil & Gas Lawyer of the Year (2022 and 2023) and Lawyer of the Year Energy (Corporate Awards 2023) by the Italian leading legal magazine LegalCommunity. In 2022 LegalCommunity recognised Lorenzo Parola as "Thought Leader" of the Italian energy market ("Clients, competitors and sector operators are unanimous in defining the professional a true leader in the energy market. Beyond the competence and deep know-how, the professional stands out for his innovative vision, perfect management of complex situations and a natural inclination to problem solving ").
• Only lawyer ever appointed four times as Energy Sector Professional of the Year (2011, 2017, 2019 and 2023) by the legal magazine TopLegal.
• After less than one year from its foundation, Parola Associati has been included in Legal500’s rankings (Tier 3).
• Selected amongst the best Italian lawyers in Energy & Infrastuctures, M&A Large Deals, M&A Small Cap and Finance by Class Editori and in the We Wealth’s Talents Club including the top 200 business influencers in Italy.
• Special recognition from EFET "for his extraordinary achievements to assist the recognition of netting concepts for the wholesale energy market in Italy".