Only lawyer ever appointed four times as Energy Sector Professional of the Year (2011, 2017, 2019 and 2023) by the legal magazine TopLegal. 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 ").

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), Thomson Reuters Stand-out Lawyers, Global Law Experts (M&A and Energy Lawyer of the Year), The Best Lawyers in Italy, Acritas Star Lawyer.

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".