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International Edition

New SocGen private banking group to offer advice to legal professionals

Societe Generale Private Banking Hambros (SGPB Hambros) has launched a group to advise the legal sector with the hire of two private bankers. Mark Dean and Dominic Peyton, who joined SGPB Hambros at the end of last year as senior private bankers, will provide wealth management advice to lawyers in private practice and at the Bar. Prior to joining SGPB Hambros, Dean was a director at Citi Private Bank, acting as a client relationship manager to UK and international law firms based in London. Peyton was formerly a partner at Coutts & Co in the professional client group, managing a private banking team acting for clients including high-earning solicitors and barristers.
2 minute read

International Edition

Herbert Smith private client tax partner joins BLP's London office

Berwin Leighton Paisner (BLP) has recruited Herbert Smith private client tax partner Rupert Ticehurst for the firm's City base. Ticehurst has joined BLP's London office as a partner in the the UK top 20 firm's tax department. He has been a partner at Herbert Smith since 2005 and headed the firm's private wealth and charities practice. He advises on tax and trusts, in particular legal disputes for families, individuals and charities for UK and international clients.
2 minute read

International Edition

Offshore: In case of divorce

The recent decision of the UK Supreme Court in Radmacher (formerly Grantino) v Grantino has reversed the ruling of the Privy Council in MacLeod v MacLeod and cleared the way for prenuptial agreements to be made legally binding. The Privy Council is the court of final appeal for, among others, Bermuda, the British Virgin Islands (BVI) and the Cayman Islands. Its decisions are binding on the first instance and appeal courts of those jurisdictions. It is worth noting that many of the same judges sit in the Privy Council and in the Supreme Court. Two judges, Lady Hale and Lord Walker, were on the bench for both Radmacher and MacLeod.
7 minute read

International Edition

Bircham Dyson appoints new private wealth head

Bircham Dyson Bell has appointed Helen Ratcliffe as its new head of private wealth, replacing James Johnston in the role. Ratcliffe joined Bircham Dyson in 2000 and made partner in 2002. She advises both UK and non-UK domiciled high net worth individuals on all aspects of their estate and tax planning. She also has experience of advising trustees and beneficiaries on all aspects of trusts in both the onshore and offshore context.
2 minute read

International Edition

Private Client/Family Team of the Year

Maurice Turnor Gardner (MTG) has gone from strength to strength since name partners Clare Maurice, Richard Turnor and Ceris Gardner created their spin-off firm from magic circle firm Allen & Overy in May 2009. The firm focuses on private wealth, philanthropy and partnerships. Since its launch, headcount has grown by a third and in September the firm hired two partners to set up a dispute resolution team.
2 minute read

International Edition

Emerging wealth - how new money in burgeoning economies is creating a wave of private client work

Even before the financial crisis it was clear that the growing economies, Africa and Asia in particular, were creating an increasing source of individual wealth and new clients for private client lawyers. The increased activity levels witnessed in these regions by corporate and commercial lawyers are mirrored among the private client community, with the number of wealthy people as a proportion of the population growing more rapidly on continents such as Africa than in many other areas.
12 minute read

Legal Week

Emerging wealth - how new money in burgeoning economies is creating a wave of private client work

Even before the financial crisis it was clear that the growing economies, Africa and Asia in particular, were creating an increasing source of individual wealth and new clients for private client lawyers. The increased activity levels witnessed in these regions by corporate and commercial lawyers are mirrored among the private client community, with the number of wealthy people as a proportion of the population growing more rapidly on continents such as Africa than in many other areas.
33 minute read

International Edition

Private client: Home is where the tax is

Imagine yourself, if you will, as a successful lawyer in 1850. You have a thriving practice and, with your wealth, you have built a house on a nice plot of land in the open fields two miles from Marble Arch. It is the envy of your neighbours - smart, spacious and comfortable. Over the years with your growing family it suits you very well and you are able to hand it on to the next generation.
8 minute read

International Edition

Private client: Where there's a will, there's a way

The world of wills and probate has recently become a battleground over whether writing a will should be a reserved legal activity. A reserved legal activity may only be carried out by regulated legal professionals such as solicitors and barristers. However, people who are not subject to any regulation at all may complete a great deal of legal advice and services including - to the vexation of the legal profession - the writing of wills. This has resulted in a whole industry of non-lawyer will writers fuelled by the fact that the majority of adults in the UK do not have a will, meaning that there is a significant underlying demand for their services. It is, of course, in the legal profession's interest that will writing becomes a reserved activity, but lawyers argue it is in the public's interest, too. Arguments have been advanced both for and against regulating, based on the need for consumer protection on one hand and the cost burden and effectiveness of regulation on the other.
9 minute read

International Edition

Legal Week forum to highlight huge Asia private wealth growth

Lawyers from across Asia will gather in Singapore next week (12 October) to discuss the impact of a dramatic rise in private wealth on the region's legal market. The inaugural Legal Week Private Client Forum Asia - Legal Week's first conference in Asia - will bring together senior private client lawyers from across the region to discuss the challenges and opportunities that are posed by Asia's emergence as a private client powerhouse.
3 minute read

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